C3.ai (AI) reported earnings on Wed 1 June 22 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 C3.ai beats by $0.08, beats on revs; guides JulQ revs below consensus; guides FY23 revs below consensus

• Reports Q4 (Apr) loss of $(0.21) per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $(0.29); revenues rose 38.3% year/year to $72.32 mln vs the $71.28 mln S&P Capital IQ Consensus.
  • Subscription revenue for the quarter was $56.3 million, an increase of 31% yr/yr.
• Co issues downside guidance for Q1 (Jul), sees Q1 revs of $65-67 mln vs. $71.62 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY23, sees FY23 revs of $308-316 mln vs. $333.93 mln S&P Capital IQ Consensus.