Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 339

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 339
---
,408
    )
     
    $
    (49,238
    )
     
    $
    (4,380
    )
  
    Interest expense (income) and other income

    1,753

    (65
    )

    (1
    )
  
    Income tax benefit

    (635
    )

    (3,572
    )

    -

    Depreciation and amortization

    2,811

    2,237

    1,034

    EBITDA

    (15,479
    )

    (50,638
    )

    (3,347
    )
  
    Adjusted for:

    Acquisition transaction/financing costs

    -

    543

    -

    Changes in fair value of derivative liabilities

    3,152

    4,714

    -

    Loss on debt extinguishment

    1,052

    -

    -

    Unrealized (gains) losses

    318

    (44
    )

    (32
    )
  
    Impairment of goodwill

    -

    36,056

    -

    Gain/Loss on contract to issue common stock

    (68
    )

    -

    -

    Stock-based compensation – compensation and related benefits

    2,831

    1,080

    158

    Adjusted EBITDA
     
    $
    (8,194
    )
     
    $
    (8,289
    )
     
    $
    (3,221
    )

We rely on Adjusted EBITDA, which is a non-GAAP financial measure for the following:

    ●
    To compare our current operating results with corresponding periods and with the operating results of other companies in our industry; 

    ●
    As a basis for allocating resources to various projects; 

    ●
    As a measure to evaluate potential economic outcomes of acquisitions, operational alternatives and strategic decisions; and 

    ●
    To evaluate internally the performance of our personnel. 

48

We have presented Adjusted EBITDA above because we believe it conveys useful information to investors regarding our operating results. We believe it provides an additional way for investors to view our operations, when considered with both our GAAP results and the reconciliation to net income (loss). By including this information, we can provide investors with a more complete understanding of our business. Specifically, we present Adjusted EBIT