C3.ai Posts -$0.79 Q4 EPS, Forecasts Q1 Operating Loss Up to $48.5M
AI sits 41% above its 52-week low of $7.675 on elevated volume (2.6× avg).
Summary
C3.ai reported a Q4 EPS of -$0.79, with a net loss of $115.57 million and an operating loss of $121.158 million. This follows preliminary Q4 results announced on May 12th, which indicated an improved operating loss compared to prior periods. The company also provided Q1 guidance, projecting revenue between $50-54 million (midpoint slightly above estimates) but an operating loss of $48.5-40.5 million. Despite the slight revenue beat in the outlook, the continued significant losses remain a major concern for the company's financial health.
At the time of this announcement, AI was trading at $10.79 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $7.68 to $30.11. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.