CXApp (NASDAQ:CXAI) Announces Earnings Results

CXApp (NASDAQ:CXAI) issued its quarterly earnings results on Monday. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02, Zacks reports. CXApp had a negative net margin of 751.90% and a negative return on equity of 281.11%. The company had revenue of $2.00 million during the quarter, compared to analysts’ expectations of $2.00 million.

CXApp Stock Down 11.2 %

CXAI traded down $0.13 during trading hours on Tuesday, hitting $1.03. 2,929,394 shares of the company’s stock were exchanged, compared to its average volume of 2,267,034. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.45 and a current ratio of 0.45. CXApp has a 1-year low of $0.76 and a 1-year high of $6.58. The stock’s 50-day moving average is $1.22 and its two-hundred day moving average is $1.51.

About CXApp

CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.