CXApp (NASDAQ:CXAI) Releases Earnings Results

CXApp (NASDAQ:CXAI) announced its earnings results on Wednesday. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02, FiscalAI reports. CXApp had a negative net margin of 294.00% and a negative return on equity of 91.16%. The company had revenue of $0.95 million during the quarter, compared to the consensus estimate of $0.90 million.

CXApp Trading Up 3.0%

Shares of NASDAQ:CXAI traded up $0.00 during trading on Wednesday, hitting $0.14. 7,513,943 shares of the company’s stock were exchanged, compared to its average volume of 8,882,062. CXApp has a 1-year low of $0.13 and a 1-year high of $1.45. The firm has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.32. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.91. The firm has a market cap of $8.08 million, a P/E ratio of -0.25 and a beta of 0.84.

Institutional Investors Weigh In On CXApp

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of CXApp by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after buying an additional 50,310 shares during the period. Virtu Financial LLC acquired a new stake in shares of CXApp during the 4th quarter worth approximately $46,000. DRW Securities LLC acquired a new stake in shares of CXApp during the 4th quarter worth approximately $44,000. Renaissance Technologies LLC grew its holdings in CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock valued at $36,000 after purchasing an additional 56,911 shares during the period. Finally, XTX Topco Ltd acquired a new position in CXApp during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 14.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About CXApp

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.