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C3.ai: Cheaper AI Than You Think

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Update - Mar. 2
C3.ai didn't report a great quarter in the sense the quarterly revenues were down, but the AI company did guide to a rebound in revenues. 
  • Q3 Non-GAAP EPS of -$0.06 beats by $0.16.
  • Revenue of $66.66M (-4.5% Y/Y) beats by $2.41M.
  • Subscription Revenue: Subscription revenue for the quarter was $57.0 million, constituting 85.6% of revenue.
  • Q4 Outlook: Total revenue $70M-$72M vs. consensus of $69.85M, Non-GAAP loss from operations ($24) - ($28)M.
Finviz Chart

Original article posted on Feb. 14
  • C3.ai soared on the hype surrounding any business related to AI.
  • The enterprise AI software company traded down to irrational levels to end 2022 due to weak short-term results from a switch in the pricing model.
  • Even after the big rally, the stock only trades at just 4.5x EV/FY24 sales targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
The stock of C3.ai (NYSE:AI) was dumped by wise investors on the recent rally from under $10 to over $30 in just over a month. The enterprise AI software company is cheaper than one thinks after the dip back to $20

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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