Акции Nvidia, Palantir и других ИИ распроданы, а прибыль C3.ai приближается

But there could be fresh fodder for AI bettors when C3.ai reports April-quarter results Wednesday.

C3.ai’s report should offer few surprises. About two weeks ago, the enterprise-analytics software company pre-announced that results would exceed prior guidance. C3.ai now sees revenue of $72.1 million to $72.4 million, a non-GAAP loss from operations of $23.7 million to $23.9 million, and free cash flow of $18 million to $19.4 million.

Street estimates (which may not have been updated after the preannouncement) called for revenue of $71.3 million and a non-GAAP loss of 17 cents a share; the Street sees a GAAP loss of 63 cents a share.

For the fiscal year ended in April, C3.ai now sees revenue of $266.5 million to $266.8 million, with a non-GAAP loss from operations of $68.2 million to $68.4 million, and negative free cash flow of $184.2 million to $185.6 million.

“Overall business environment for enterprise AI is more active than we have seen since the company’s inception and seems to be accelerating,” C3.ai said at the time it issued the pre-announcement. “Interest in applying predictive analytics to business processes has never been greater.”

On Tuesday, C3.ai stock spiked 33%, thanks to a combination of continued AI stock mania, and the company’s announcement that its AI tools are now available on the AWS Marketplace—a platform created by

Amazon
.
com’s (AMZN) Amazon Web Services for third parties offering software tools that run on the Amazon cloud.

The company said Tuesday that availability on AWS “accelerates the procurement and onboarding process, enabling customers to rapidly access C3.ai’s and AWS’s combined Generative AI expertise in just a few clicks.”

The question now for C3.ai is can it grow into its lofty valuation—about 14 times fiscal 2024 estimated sales. Street consensus calls for July quarter revenue of $71.6 million, which would be up just under 10% from a year ago. For fiscal 2024, the Street projects revenue of $317.1 million, up about 19% from fiscal 2023.

C3.ai is trading like a meme stock, with huge price swings, while attracting substantial interest from short sellers. On the same day the company made the earnings pre-announcement, C3.ai also said that it had completed an investigation of allegations made by a pair of short sellers—Spruce Point Capital Management and Kerrisdale Capital Management—and found that “none of the allegations or insinuations of wrongdoing made by either Spruce Point or Kerrisdale were supported by the facts.”

C3.ai shares as of yesterday’s close were up 246% for the year to date. On Wednesday morning the stock is down 12%, giving back a chunk of Tuesday’s huge run, amid a broader tech decline.

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