Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 72

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 72
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 Compared with June 30, 2024

Liquidity describes the ability of a company to generate sufficient cash flows to meet the cash requirements of its business operations, including working capital needs, debt service, acquisitions, contractual obligations and other commitments. We assess liquidity in terms of our cash flows from operations and their sufficiency to fund our operating and investing activities.

As of June 30, 2025, the Company had a working capital deficiency of approximately $1,415 thousand and cash of approximately $4,854 thousand. For the three months ended June 30, 2025, the Company incurred a net loss of approximately $3,139 thousand and used approximately $3,012 thousand of cash in operating activities.

The Company’s net cash flows used in operating, investing and financing activities and certain balances are as follows (in thousands):

    Three Months Ended  June 30, 2025

    Three Months Ended June 30,2024

    Cash flows (used in) provided by

    Net cash used in operating activities
     
    $
    (3,012
    )
     
    $
    (1,910
    )
  
    Net cash provided by (used in) investing activities

    (11
    )

    (8
    )
  
    Net cash provided by (used in) financing activities

    3,990

    2,480

    Effect of exchange rates on cash

    (6
    )

    (5
    )
  
    Net increase (decrease) in cash and cash equivalents
     
    $
    961

    $
    557

    June 30,2025

        December 31,
        2024

    Cash and cash equivalents
     
    $
    4,854

    $
    4,880

    Working capital deficit
     
    $
    (1,415
    )
     
    $
    (4,496
    )

Operating Activities for the three months ended June 30, 2025 and June 30, 2024

    Three Months Ended June 30, 2025

    Three Months Ended June 30, 2024

    Net income (loss)
     
    $
    (3,139
    )
     
    $
    (5,256
    )
  
    Non-cash income and expenses

    596

    3,302

    Net change in operating assets and liabilities