C3.ai, Inc. ($AI) Earnings (Q3 FY 22)

 C3.ai, Inc. ($AI) Earnings and Opinion:


C3.ai, Inc. ($AI) is a company in the Technology sector snd operates in the Information Technology Services. They offer software-as-a-service applications for enterprises. It was incorporated in 2009 and is currently headquartered in Redwood City, California. The company was first publicly traded on December 8, 2020. 


C3.ai, Inc. EPS and Revenue (Q3 FY22):

  • EPS (Non-GAAP) of -$0.07 beating expectations of -$0.27
  • Revenue of $69.8M beating expectations of $67.3M
  • EPS was up 46.15% (YOY) and Revenue was up 42.08% (YOY)
C3.ai, Inc. Customer Wins and Expansions (Notable):
  • Shell continues to expand C3 AI application footprint
  • DOD awarded C3 AI a 5 year, $500 million agreement
  • Additional business with U.S Space Force
C3.ai, Inc. FY22 Guidance:
  • Total revenue of $251M-$252M
  • Non-GAAP loss from operations of $90M-$94M
Opinion: 
C3.ai, Inc. beat both EPS and Revenue expectations for Q3 of 2022 fiscal year. They seem to be doing a solid job with increases of EPS (YOY) and Revenues (YOY). They picked up a solid contract with the Department of Defense (DOD) and are increasing their footprint with Shell (leading oil company). It seems to be doing a lot of work with government related entities, which is not a bad option. The guidance that was given for Q4 was a solid estimate. If they continue operations the same way as previous quarters, they should be able to attain both numbers easy. This can be seen as a win for investors. Some skepticism surrounds the company with their 3rd CEO taking over in the past 17 months. An important component of a business is to have a strong leader in charge. A company may have trouble finding that if they are continually switching leaders. Personally, this is a stock that I avoid and have always avoided. It's going to take a lot more customer wins and expansions, as well as some more intriguing numbers for me to hop aboard this company. I also am turned away when taking a look at the chart, the company (still fairly young) has plummeted heavily after a hot IPO spell. Right now, I would recommend staying away from this business until it proves a little bit more. 


*Information attained from Yahoo Finance, C3.ai 
*Estimates attained from Zacks


Comments

Post a Comment

Popular posts from this blog

First Republic Bank: Is it Done?

  What Is Going On With First Republic Bank?         First Republic Bank reported earnings after the closing bell this afternoon. The top line and bottom line actually had some phenomenal beats. However, it was some other mentions in the release that caused the stock to plummet in the after hours. These statements have left a lot of investors questioning of what the future actually looks like for this bank. I just want to take a moment to address my last post, if you have not read that yet, I would highly recommend reading that before you dive into this one (link at the bottom of this post). I go deep into what exactly is happening in the banking world. This will guide you into things that I am going to talk about in this post.     First Republic Bank is located in San Francisco, California and started in 1985. They mainly focus on metropolitan customers in the United States. Neal Holland is the company's CFO and had a couple of words to say. He s...
Read more

Deep Dive: Keysight Technologies, Inc. ($KEYS)

  Keysight Technologies, Inc. ($KEYS)  What is Keysight Technologies: Bloomberg: Keystone Technologies offers electronic measurement services using wireless, modular, and software solutions. Yahoo Finance: Keystone Technologies provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries all over the world.  The company is located in Santa Rosa, California.  The company was founded in 1939 and made its debut on the stock market in October of 2014. Who are Keysight Technologies Clients: Bloomberg SPLC: The ones that stick out most are Samsung, Qualcomm, NVIDIA, Cisco, Intel. Google, Boeing, Airbus, Lockheed Martin, Broadcom, Meta Platforms, Mercedes Benz, LG Electronics, Toyota, TSM, Verizon, HP, AT&T, Amazon, Microsoft, Ford, and Texas Instruments.  The company currently serves 139 customers in total, while getting materials a...
Read more

NIO Inc. ($NIO) Earnings (Q2 FY22)

  NIO Inc. ($NIO) Earnings and Opinion: NIO is a company in the Consumer Cyclical sector and operates in the Auto Manufacturers industry. The company manufactures and sells smart electric vehicles in China. NIO was incorporated in 2014 and is currently headquartered in Shanghai, China. The company made its debut on the stock market in 2018. NIO Earnings Results (metrics in Yen): Revenues of ¥10.29B beating expectations of ¥9.8B Gross Profit of ¥1.34B beating expectations of ¥1.21B Operating Loss of ¥2.36B beating expectations of ¥2.5B Adjusted EPS of ¥-1.34 missing expectations of ¥-1.21 Guidance came in lower than estimates for Q3 Opinion: NIO is failing to find direction, after reporting earnings before the market opened this morning. The company had some solid earnings for this previous quarter, but the guidance is holding it back a little bit. We already saw deliveries for Li Auto and XPeng give an advance look at what NIO would look like this quarter. The guidance looks pretty...
Read more