Agentic AI Platform Development
CXAI has completed the product transformation to a single code base and is investing in Agentic AI to reshape the market for employee experiences.
Expansion of Engineering Team
The company doubled its engineering staff in Silicon Valley and appointed Terry Blanchard as SVP of Engineering to lead the development of Agentic AI solutions.
Strong Intellectual Property Portfolio
CXAI has filed 37 patents with 17 granted, establishing itself as a technological front runner in the industry.
Double-Digit ARR Growth
Achieved double-digit ARR growth supported by six major logo renewals in Q4 and total subscription revenue accounting for 87% of total revenue.
Improvement in Operating Expenses
Significantly reduced total operating expenses from $58 million in fiscal year 2023 to $19.6 million in fiscal year 2024, a 66% improvement.
CXAI Kiosk Deployment
Secured first paid deployment of CXAI Kiosk with a large technology company in Silicon Valley.
Localization and Global Reach
Implemented localization solutions in eight languages for a large entertainment client, enhancing global customer experiences.
Gross Margin Improvement
Achieved a gross margin of 82%, up from 78% last year due to a shift towards subscription revenue.