CXApp (NASDAQ:CXAI) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

CXApp (NASDAQ:CXAI) issued its quarterly earnings data on Monday. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01), Zacks reports. CXApp had a negative net margin of 294.00% and a negative return on equity of 89.55%. The company had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.10 million.

CXApp Trading Down 9.8%

Shares of NASDAQ:CXAI opened at $0.18 on Wednesday. The stock’s 50-day simple moving average is $0.23 and its two-hundred day simple moving average is $0.44. The stock has a market capitalization of $5.17 million, a price-to-earnings ratio of -0.32 and a beta of 0.95. CXApp has a 52-week low of $0.14 and a 52-week high of $1.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 0.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On CXApp

Several institutional investors have recently made changes to their positions in CXAI. Renaissance Technologies LLC increased 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 buying an additional 56,911 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of CXApp during the 2nd quarter worth $41,000. DRW Securities LLC bought a new stake in shares of CXApp during the 4th quarter valued at $44,000. Virtu Financial LLC bought a new stake in shares of CXApp during the 4th quarter valued at $46,000. Finally, Geode Capital Management LLC increased its stake in shares of CXApp by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after purchasing an additional 50,310 shares in the last quarter. Institutional investors own 14.41% of the company’s stock.

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.