Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 62

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 62
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– Growing our footprint in the Fortune 1000 and expanding offerings to existing clients. |

| 3. | Enhancing Financial Discipline – Driving cost efficiency while investing in strategic growth initiatives. |

As we look ahead, our leadership team remains committed to balancing innovation with financial discipline, ensuring CXApp is positioned for sustainable, profitable growth in the years to come.

Financial Performance Summary

Revenue Growth and Customer Expansion

| ● | Fiscal year 2024 recurring revenue increased to 87% from 78%. |

| ● | Our customer base continues to expand across key industries, including financial services, healthcare, and technology. |

| ● | The transition to a recurring revenue model has strengthened revenue predictability and long-term growth prospects. |

Operational Efficiencies and Cost Management

| ● | Total operating expenses decreased to $19,598 thousand compared to $58,204 during the year ended December 31, 2023, reflecting cost optimization initiatives that have improved margins. |

| ● | Strategic workforce realignments have ensured resources are allocated to high-impact growth areas. |

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Cash Flow and Liquidity Position

| ● | As of year-end, cash and cash equivalents was $4,880 thousand with access to an additional $3,500 thousand from the Streeterville Purchase Agreement the Company entered into on May 22, 2024, later bolstered by an additional $20,000 thousand secured on March 25, 2025, ensuring flexibility to support future growth. |

| ● | Ongoing investments in AI innovation and product enhancements are aligned with our long-term financial strategy. |

Strategic Growth Initiatives

| 1. | Product Innovation: Expanding our AI-native capabilities, enhancing analytics, and integrating with key enterprise platforms. |

| 2. | Market Expansion: Targeting new verticals, strengthening partnerships with cloud providers, and scaling international operations. |

| 3. | Operational Excellence: Optimizing cost structures, improving customer retention, and driving sales efficiency. |

Competitive Positioning and Market Outlook

| ● | The global employee experience market is projected to grow at 20% CAGR, presenting strong tailwinds for CXApp’s expansion. |

| ● | Our AI-driven platform differentiates us from traditional workplace management solutions, enabling scalable, data-driven decision-making. |

| ● | Despite macroeconomic uncertainties, enterprise demand for hybrid workplace solutions remains strong, positioning CXApp for continued momentum. |

Conclusion

As we move forward, our leadership team remains