Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 154

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 154
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ability 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.

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

| Schedule of segment Information | (In thousands) | Successor |   Year ended 
 December 31, 
         2024 |   |     |   |  Period from 
    March 15, 
      2023 to 
 December 31, 
         2023 |   |     | Predecessor | Period from 
  January 1, 
     2023 to 
   March 14, 
        2023 |   |
|:--------------------------------|:---------------|:----------|-------------:|:--|:----|:--|-------------:|:--|:----|:------------|------------:|:--|
| Revenue – Licenses              |                | $         |        6,202 |   |     | $ |        4,560 |   |     | $           |       1,204 |   |
| Revenue – Professional Services |                |           |          798 |   |     |   |        1,186 |   |     |             |         416 |   |
| Revenue – Hardware              |                |           |          142 |   |     |   |            - |   |     |             |           - |   |
| Less:                           |                |           |              |   |     |   |              |   |     |             |             |   |
| Cost of revenue                 |                |           |        1,285 |   |     |   |        1,268 |   |     |             |         483 |   |
| Research and development        |                |           |        5,744 |   |     |   |        5,309 |   |     |             |       1,455 |   |
|