Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
ROCKVILLE, Md. - Xiao-I Corporation (NASDAQ: AIXI), a $35.86 million market cap AI solutions provider, has reported significant commercial progress for its AI-powered glasses, projecting revenues of $12 million to $15 million in 2025 for its AI Glasses business unit. The company, which maintains impressive gross margins of 61.27%, made this announcement following a successful market introduction in August 2024, where it has since surpassed sales of 1,500 units. According to InvestingPro, analysts expect the company to achieve profitability this year.
Xiao-I’s augmented reality glasses feature advanced hardware, including diffractive waveguide optics and Micro-LED displays, which provide clear outdoor visibility and sharp visuals. These features, combined with a competitive price point significantly lower than other smart glasses that can cost up to $5,000, have positioned Xiao-I’s product as a strong contender in the market. The company’s stock, currently trading at $3.33, appears undervalued according to InvestingPro’s Fair Value analysis, with 13 additional ProTips available for subscribers.
To meet the increasing demand and secure scalable production capacity, Xiao-I has formed strategic alliances with tier-1 manufacturing partners. These collaborations are expected to support an annualized capacity of 50,000 units in 2025. The company has emphasized its commitment to quality control and efficient inventory management through these partnerships.
The robust customer feedback and growing interest from potential buyers have enabled Xiao-I to reaffirm its target of delivering 10,000 units in 2025. The company’s spokesperson highlighted the AI glasses’ transformative impact on user interaction with digital content and the strategic importance of these glasses for Xiao-I’s profitability roadmap, which also includes other AI-driven offerings.
Xiao-I Corporation, established in 2001, is a cognitive intelligence enterprise based in China. It provides a range of AI business solutions and services, including natural language processing and machine learning. The company aims to promote industrial digitization and intelligent transformation with its proprietary technologies.
This press release contains forward-looking statements regarding Xiao-I’s business strategies and future performance. These statements are subject to various risks and uncertainties, and actual results may differ from the company’s projections. The information in this article is based on a press release statement from Xiao-I Corporation.
In other recent news, Xiao’I Corporation reported a 19% increase in revenue for the year ending December 31, 2024, reaching approximately $70.3 million. The company also improved its gross margin to 69% and reduced its net loss by 52% to $12.9 million, indicating a potential path to profitability in 2025. In addition, Xiao’I announced a strategic partnership with TF International Securities Group Limited to integrate its Hua Zang Large Language Model into TF International’s financial services, enhancing investment research and risk management. This collaboration aligns with Xiao’I’s strategy to expand globally and validate its technological breakthroughs through commercialization. Furthermore, Xiao’I launched the tAIkbox 1, an AI-powered customer service device in the U.S. market, aimed at transforming customer service interactions with its intuitive and seamless operations. The device is designed to integrate easily into existing systems, offering a hassle-free upgrade for businesses. Xiao’I is also awaiting a court ruling in a patent infringement case against Apple Inc., which could impact its financial results for 2025. The company acknowledges potential macroeconomic challenges in 2025 that may require adjustments to its financial expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.