Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 1

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 and 19,221,090 shares issued and outstanding as of December 31, 2024

    2

    2

    Additional paid-in capital

    94,205

    92,583

    Accumulated other comprehensive income

    215

    216

    Accumulated deficit

    (78,825
    )

    (77,209
    )
  
    Total Stockholders’ Equity
     
    $
    15,597

    $
    15,592

    Total Liabilities and Stockholders’ Equity
     
    $
    29,252

    $
    31,803

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

1

CXAPP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE INCOME (LOSS)

(Unaudited, in thousands, except share and per share data)

    Three Months Ended March 31,  2025

    Three Months Ended March 31,  2024

    Revenues
     
    $
    1,224

    $
    1,818

    Cost of Revenues

    150

    327

    Gross Profit
     
    $
    1,074

    $
    1,491

    Operating Expenses

    Research and development

    1,476

    1,599

    Sales and marketing

    594

    1,114

    General and administrative

    2,066

    1,682

    Amortization of intangible assets

    683

    683

    Total Operating Expenses

    4,819

    5,078

    Loss from Operations

    (3,745
    )

    (3,587
    )

    Other Income (Expense)

    Interest expense, net

    (37
    )

    (262
    )

    Change in fair value of derivative liability

    2,196

    (1,472
    )

    Loss on debt extinguishment

    (48
    )

    -

    Other income (expense), net

    18

    (56
    )

    Total Other Income (Expense)

    2,129

    (1,790
    )

     Loss, before tax

    (1,616
    )