Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 26

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 26
---
  ASU 2020-06. We are currently evaluating the impact of this standard
on our condensed consolidated financial statements.

NOTE 3 – Disaggregation of Revenue

The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its enterprise apps solutions systems, and professional services for work performed in conjunction with its systems, and sale of hardware.

Revenues consisted of the following (in thousands):

    Schedule of disaggregation of revenue

    Three Months Ended September 30, 2025

    Nine Months Ended September 30, 2025

    Three Months Ended September 30, 2024

    Nine Months Ended September 30, 2024

    Subscription revenue

    Software
     
    $
    -

    $
    -

    $
    1,660

    $
    4,752

    License & Maintenance Contracts

    1,108

    3,494

    -

    -

    Total subscription revenue
     
    $
    1,108

    $
    3,494

    $
    1,660

    $
    4,752

    Non-subscription revenue

    Professional services
     
    $
    4

    $
    37

    $
    102

    $
    594

    Hardware

    2

    30

    135

    135

    Total non-subscription revenue
     
    $
    6

    $
    67

    $
    237

    $
    729

    Total Revenue
     
    $
    1,114

    $
    3,561

    $
    1,897

    $
    5,481

    20

    Three Months Ended September 30, 2025

    Nine Months Ended September 30, 2025

    Three Months Ended September 30, 2024

    Nine Months Ended September 30, 2024

    Revenue
    recognized over time(1)(2)
     
    $
    1,112

    $
    3,531

    $
    1,762

    $
    5,346

    Revenue
    recognized at point in time(3)