CXApp Inc reports results for the quarter ended June 30 - Earnings Summary

• CXApp Inc CXAI.OQ reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -34 cents. The lone analyst forecast for the quarter was for a loss of 21 cents per share.

• Revenue fell 30.7% to $1.22 million from a year ago; analysts expected $1.20 million.

• CXApp Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $3.44 million.

• CXApp Inc shares had fallen by 16.2% this quarter and lost 50.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for CXApp Inc is $3.00, about 70.1% above its last closing price of $0.90

This summary was machine generated from LSEG data August 13 at 03:16 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)