Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 43

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 nine months ended September 30, 2025 and September 30,
2024. However, any loss incurred or lack of access to such funds could have a significant impact on the Company’s financial
condition, results of operations, and cash flows.

NOTE 15 – Segment Information

The Company has determined that it operates as a single operating segment. The Company offers a vertical software-as-a-service (or SaaS) platform for the enterprise. The flagship product, the CXAI Platform (pronounced “Sky”), provides a comprehensive suite of tools designed to empower employees and enable organizations to create smarter workplaces. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM allocates resources and makes operating decisions based on consolidated net income.

The CODM does not evaluate profitability below the level of the consolidated company. The Company uses net income (loss) as the primary measure of financial performance. However, in evaluating operating results on a budget versus actual basis, the Company focuses on cash-based operating expenses as a more cost of revenue, professional services, marketing, research and development, and other general and administrative expenses-to be significant. In contrast, the Company does not place significant emphasis on stock-based compensation, amortization of intangibles, change in fair value of warrant liabilities, loss on debt extinguishment, and other non-cash adjustments in its internal analysis of period-over-period operating results.

    32

The following table presents selected financial
information with respect to the Company’s single operating segment (in thousands):

    Schedule of segment Information

    Three Months Ended September 30, 2025

    Three Months Ended September 30, 2024

    Nine Months Ended September 30, 2025

    Nine Months Ended September 30, 2024

    Revenue - Licenses
     
    $
    1,108

    $
    1,660

    $
    3,493

    $
    4,752

    Revenue - Professional Services

    4

    102

    37

    594

    Revenue - Hardware

    2

    135

    31

    135

    Less:

    Cost of revenue

    123

    372

    444

    1,052

    Research and development

    1,464

    1,447

    4,730

    4,354

    Sales and marketing

    405