Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 216

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 216
---
 of operations for the period March 15, 2023, to December 31, 2023, of the Successor Company with the period January 1, 2023 to March 14, 2023 of the Predecessor Company. Although this presentation is not in accordance with generally accepted accounting principles in the United States, the Company believes presenting and analyzing the combined results allows for a more meaningful comparison of results for the year ended December 31, 2024, to the full twelve-month period ended December 31, 2023. The following selected data from our audited consolidated statements of operations and other supplementary data should be referred to while reading the results of operations discussion that follows (in thousands):

    Non-GAAP

    Successor

    Successor

    Predecessor

    Non-GAAP Combined

    2024 vs 2023Changes

    Year Ended December 31, 2024

    Period fromMarch 15, 2023, toDecember 31,2023

    Period fromJanuary 1, 2023, toMarch 14,2023

    Year Ended December 31, 2023

    $ Change

    % Change*

    Revenues
     
    $
    7,142

    $
    5,746

    $
    1,620

    $
    7,366

    $
    (224
    )

    (3
    )%
  
    Cost of revenues

    1,285

    1,268

    483

    1,751

    (466
    )

    (27
    )%
  
    Gross profit

    5,857

    4,478

    1,137

    5,615

    242

    4
    %
  
    Operating expenses

    19,598

    52,686

    5,518

    58,204

    (38,606
    )

    (66
    )%
  
    Loss from operations

    (13,741
    )

    (48,208
    )

    (4,381
    )

    (52,589
    )

    38,848

    74
    %
  
    Interest income (expense)

    (1,756
    )

    65

    1

    66

    (1,822
    )

    (