Xiao-I reports preliminary FY24 revenue $70.3M, up 19% year-over-year

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Thu, Apr 10, 2025, 8:26 AM 1 min read

Xiao-I (AIXI) Corporation pre-announced selected, unaudited results for the twelvemonth ended December 31. Driven by accelerating adoption of its HuaZang ample connection exemplary arsenic a Model-as-a-Service offering and rising income of AI-powered user hardware, Xiao-I generated astir $70.3M successful revenue, up 19% year-over-year. Strong borderline enlargement enabled the institution to execute affirmative operating income successful the 4th fourth of 2024, establishing a profitable run-rate arsenic it enters 2025. Management present guides to full-year profitability successful 2025. Key Financial Highlights : Revenue: $70.3M successful 2024. Gross Margin: Improved to 69% connected higher-margin MaaS premix and standard efficiencies. Net Loss: Narrowed to $12.9M, a 52% betterment from 2023, reflecting disciplined outgo power and gross growth. Run-Rate Profitability: Positive operating income achieved successful Q4 positions the institution for sustained profitability. “A twelvemonth agone we acceptable retired to beryllium that our exertion level could standard profitably,” said a spokesperson. “By the 4th fourth of 2024 we crossed into operating profitability connected a run-rate basis, and the momentum successful some HuaZang MaaS deployments and AI hardware income gives america assurance to usher for full-year profitability successful 2025. We volition proceed to absorption connected high-margin, recurring gross streams portion prudently investing successful innovation that deepens our competitory moat.”