Earnings call transcript: CXApp Q3 2025 sees improved EPS and AI innovations

CXApp Inc. (CXAI) reported its third-quarter 2025 earnings, showcasing a significant improvement in earnings per share (EPS) and continued advancements in its AI-driven product offerings. Despite a slight dip in revenue compared to the previous quarter, the company maintained a strong gross margin and reported a robust cash position. Following the earnings announcement, CXApp's stock saw a modest increase in aftermarket trading.

Key Takeaways

• EPS improved to -$0.13, a notable recovery from -$0.34 in the same quarter last year.
• Revenue for Q3 was $1.1 million, down from $1.2 million in Q2.
• Gross margin increased to 89%.
• The company launched the Sky1.0 platform, enhancing AI capabilities.
• Stock price increased by 1.24% in aftermarket trading.

Company Performance

CXApp's performance in Q3 2025 demonstrated resilience amid challenging market conditions. While revenue slightly decreased from the previous quarter, the company achieved a significant year-over-year improvement in EPS and maintained a strong gross margin. The revenue mix shifted further towards subscription-based models, indicating a successful transition to a SaaS-focused business.

Financial Highlights

• Revenue: $1.1 million, down from $1.2 million in Q2.
• Earnings per share: Improved to -$0.13 from -$0.34 year-over-year.
• Gross Margin: Increased to 89% from 88% in the same quarter last year.
• Cash Position: $9 million, sufficient for approximately two years.

Outlook & Guidance

Looking forward, CXApp aims to expand within its current customer base, accelerate ecosystem integrations, and maintain cost discipline while investing in AI leadership. The company has projected EPS forecasts for FY2025 and FY2026 at -$0.26 and -$0.24, respectively, with revenue forecasts of $5 million for FY2025 and $8 million for FY2026.

Executive Commentary

CEO Karim Sheikh highlighted the company's strategic direction, stating, "Sky is the most advanced agentic AI solution for workplace and employee experience markets." He emphasized, "We're not just riding the AI wave, we're architecting it," underscoring CXApp's commitment to leading innovation in AI-driven workplace solutions.

Risks and Challenges

• Market competition from other AI and SaaS providers.
• Potential challenges in scaling AI solutions across diverse enterprise environments.
• Economic uncertainties that could impact enterprise spending on technology.

Q&A

During the earnings call, analysts inquired about the deployment strategy for CXApp's kiosk solutions. The company highlighted the successful rollout at 30 Rock, emphasizing a focus on enhancing user interactions and productivity improvements.

Overall, CXApp's Q3 2025 results reflect a solid performance with strategic advancements in AI technology, positioning the company for future growth in the evolving workplace experience market.

Full transcript - CXApp Inc (CXAI) Q3 2025:

Conference Operator: Greetings. Welcome to the CXAI Third Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. If you would like to ask a question, please click on the Ask Question box on the left side of your screen, type in your question and hit submit.

As a reminder, this conference call is being recorded. Now I would like to turn the call over to your host, Karim Sheikh, Chairman and CEO of CXAI. Please go ahead.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Thank you, operator. Good afternoon, everyone, and thank you for joining us. I'm Karim Sheikh, Chairman and CEO of CX App Inc, trading on NASDAQ under the symbol CXAI, pronounced SKY. Also joining me on this call is our CFO, Joy Benuga. And before we begin, please note our forward looking statements as outlined in our Safe Harbor, statements as outlined in our disclosures.

We're also submitting our 10 Q, which will be filed with the SEC, and you'll also see a press release that just got launched out there. So let me talk about Sky. You know, people ask me the question, what does Sky actually do? And at Sky, we are defining the intelligent experience layer for the modern enterprise. Our platform blends agentic AI, autonomous context aware agents with spatial intelligence that understands how people actually use the workplace.

This combination turns data into decisioning and routine actions into automation. We're we're not just another AI platform. We're the bridge between billions in corporate AI investment and the actual human experience at work. When people ask, what does Sky actually do? Here's my answer.

We transform office buildings, campuses, and digital workspaces into living, learning, and adaptive environments, environments that think and act with you. We now operate in 200 plus cities across 50 countries serving over a million users. And all of those users are using us in a very secure manner across all their campus environments, integrating all the enterprise function into one application. I'm also proud of the great team we have. We have around 65 Hello Sky employees who are all based in multiple offices globally in the Bay Area where our headquarters is in Toronto, Canada, and in Manila.

And, more than 70% of them are in R And D. We're a technology focused company, and this tells you that our DNA is an innovation company. So let's talk about, you know, technology wise, what does this entail? And, we've been the leader in the first mobile app for this application of workplace experience, being cloud first, and now we're AI native in terms of this deployment that we're embarking on with sky1.0 going to sky2.o. So and I've shared these slides in the past, but I wanna just reinforce the fact that we're building this as a platform.

It's not a one off application. The Sky apps go from all the way from your mobile device all the way to a kiosk or even larger. We'll talk about that today. Also, be multi OS and be able to be adaptive. Our BTS behind the scenes is our rule engine, our brains behind the Sky system that allows, you know, enterprise owners and users to control and manage the content as well as provide access control and create all the great things that will enable productivity at the workplace.

I'm gonna show you some great examples of that. And then finally, SkyView is our data analytics and ingestion engine that allows you to create your own dashboard, create your own analytics, and create insights and, the outcomes that really matter at the end of the day. And all of this is hosted on the cloud. We're partnered with Google, as you know, but we also enable things on AWS and and Azure. So we're multi cloud.

We're multi, you know, multi application across the board, and we're building this as a platform for scale. So I wanna talk about the market and what's happening within the market today and the market trends. Across this is a study done by McKinsey, and it's really enlightening to see that across the Fortune 500 where we participate, 88% of organizations say they can when they use AI, they only don't scale it to the enterprise level. So although AI is being used by more than a large percent of of enterprises, they're not using a scale. They have the tools, but not the orchestration.

That's where Sky comes in. Sky solves that execution gap by unifying workflows, analytics, and human experience into single agentic layer. It's what we call agentic orchestration, turning disconnected tools into intelligence system that anticipates an act. Think of a global bank with 40 offices worldwide. They already have Teams, Zoom, ServiceNow, and multiple space management tools, but no unified experience.

Our agentic engine stitches those environments together so that when a team lead books of hybrid meetings in New York, the system automatically coordinates rooms, catering, visitor access, and AV support across different time zones. It's invisible, autonomous, and measurable. Along with that, you've seen, the what's happening in the environment. You see a lot of CEOs are mandating return to office and AI tool adoption, but employees are burned out and disengaged. That's the leadership expectation versus workflow reality divide.

As executives everywhere are pushing return to office mandate, employees create flexibility. The result is policy friction. Stripe bridges that mandate to execution gap. For major technology client in Silicon Valley, we used our platform to launch the new campus headquarters, right size their campus designs and footprint, allowing for colleague booking feature to allow selecting where and who they want to spend their day and providing an automated check-in process for their, users via their internal badging system. This improved on-site attendance satisfaction scores as well as treated higher employee engagement.

That's productivity, collaboration, and sustainability altogether. That's the beauty of Sky. We enable all of these great capabilities and the outcomes are coming very clear now with our clients. And, you know, this is not us just talking about it, and the world is taking notice. This quarter, Gartner named Sky as a representative vendor in the 2025 market guide for workplace experience applications.

Academy, we help define, by the way. We've been working with them for the last two year two years, you know, educating them on the benefits of AI and the benefits of our capability to enable this transformation. It's a validation that our combination of AgenTek AI and spatial intelligence isn't just visionary. It's essential to the future of work. And, you know, we've been very happy to see this, this guide come out.

There's also more work coming out from Gartner and their analysts. As we said in our first calls with you guys, this is gonna be a new category called employee experiences, and I think the market is headed in that direction. This last quarter, we were super busy also with lots of events and lots of things happening in the market. We amplified our ecosystem presence at the San Francisco Tech Week. We'll talk about that in a bit here.

We were at Work Tech at the Meta headquarters in Menlo Park in Palo Alto area on October 9, and then we also attended the CONECT Global Summit in Anaheim. Across these events, one theme was constant. AI in the workplace is no longer a pilot. It is a board level imperative. So it's super important to recognize that as we talk to our ecosystem partners, our customers, our stakeholders, all of them are pretty clear that the AI bandwagon is everybody's got to be on it, and it's going to change the way we work.

So we are super excited about, you know, the events we were. There's a lot of great new clients that came to us. Our existing clients were there. We hosted a number of networking events, and, we discussed and debated. And, the reality is everyone's our agentic AI solution.

They want it faster. Another strategic collaboration that we announced, this week was, you know, our our collaboration with, a really cool company called Noro. We are thrilled about, about our collaboration with Noro. It's a pioneer in immersive telepresence. Together, we're merging Sky's autonomous AI engine with Neuro's life size life size presence portal portals.

Imagine walking up to a wall in New York and speaking naturally face to face with a colleague in London, with Sky's agentic AI automatically handling context, environment, and collaboration tools behind the scenes. That's how we're turning presence into intelligence. For most of our global customers, this partnership will allow hybrid project teams to occupy, I mean, in in in with commerce, shared spaces in real time, seeing body language, maintaining eye contact, and sharing digital work streams, all orchestrated by our Genetic AI. That's how Sky makes distance disappear in hybrid work. And we're super excited about it.

We're going to have, the first unit being installed in our offices. You know, Noro also has locations already deployed in London and New York and in Atlanta and Chicago, and we're going to be taking to our clients. We're putting the roadmap together in terms of, the combined offering. It'll be available to clients beginning in Q1, but we're doing a lot of internal testing right now. So super excited by this opportunity, and Tomaso is a great partner, and I've known him for a while and super happy that we're working together now.

So, let me talk about other highlights on the product side. You know, innovation continues to define Sky's edge. Our sky1.0 platform saw major performance gains this quarter, cutting space booking time by over 50%, enhancing colleague visibility through dynamic maps, delivering a cleaner, faster UI. And this is, really important because a lot of our clients this last quarter were starting their RTO plans again, were reengaging with their employees too, and they wanted something slicker, faster, and our team delivered. For example, one global client used the enhanced booking engine to manage more than ten thousand plus deaths across five campuses.

They reported a significant percent drop in scheduling conflicts in the order of 40% or so, and a double digit increase in employee satisfaction with hybrid coordination. So that's another example where as our solution, as you can see the, you know, colleague booking where you can see the screens and the people and and their images and and also look at, you know, the visual representation of all the things around them, it's super, super amazing and interesting, and it creates that engagement layer to say, yeah. I really wanna get back to the office. I really wanna interact with these people, and I really want to get my work done faster. Now to enable that, we also have we've talked about a VTS, which is our behind the scenes.

Oh, by the way, before I go there, let me show you a video jumping ahead of, when I talked about this at the conference at the SF Tech Week where we had Google as our invited guests as partners. But let me tell share with you, something that I've said there. Okay. I know if the video was accessible or not, but we're gonna have it available on the on on the platform. Let me try to play it again, actually, with my volume on.

Maybe that'll help. So that feature has become so important. Our customer says, this is a must have. You gotta have it. And by the we want pictures.

And it's like a scramble screen of all these images, no. We wanna see them. Let's see who they are. Right? It's just human behavior.

Desk booking is a self created feature, meaning that there's no need for it if you have assigned desk, which we grew up with assigned desk. It was created because of the pandemic. So you create a new problem that has now been difficult for an employee to get to the office and find a spot, but it's created this new set of opportunities, which I think Agent AKI makes it more easy and simple because you don't want to go every morning. Where do I have to sit? Or what do I have to do?

Whatever we make it prudent, recommendations for me so I can make it better. So that's what we do. Okay. So I think we had some technical glitch earlier, but hopefully, the audience heard the the audio. And that just tells you, you know, what we see as a really killer application, a killer use case, wanting to have this colleague booking feature, knowing who's in the office, where they're sitting, being able to, you know, adjust your daily calendar as well as your weekly calendar based on where it is.

You know? And I think it's pretty cool to see this live in motion now, and a lot of our clients are using it. It's a great feature. It's a must have for a lot of our clients, so I'm super excited about that. And what enables all of this stuff is the behind the scenes, the brains behind it.

And, you know, before we go there, let me talk to you a little bit about one of the big deployments that we did this quarter, which was we were live at 30 Rock, which is a marquee, marquee place, and it's been pretty amazing to have that deployment be live now. And, that took a lot of effort from our client as well as us. And as you know, it's a high profile place, so making sure that everything is working well. We're around, you know, 6,000 users day one on that on that system. The system did not implode.

It actually worked really well. People were super happy. Actually, the clients made some, Instagram posts, as you can see there, and there were some really great, activities happening. And, you know, as we look at the activity logs and we have our SkyView Analytics, we can show you all the things people were doing, and it's interesting. That client actually does not do any space booking, but they were doing a lot of amenities, a lot of content, a lot of events, and most importantly, Dining was the number one feature across the board.

We launched not only that one site in New York, we also launched four sites across the country. One is on the West Coast, the other two are on the East Coast. And it's interesting to see that, you know, there's a lot of great demand for the capability. A lot of users are using it every single day. And, some of the sites that we thought were gonna be less using it, actually using it more.

Primarily, as I said, the dining feature is a must have. Everybody loves the dining feature. And then seeing all of the other, you know, capabilities in terms of access to all the different amenities at the offices, all the different events that you can go to really creates an engagement layer. So now all of the ideas we talked about are now in real motion, in real, deployment with this this client, and they're super happy with the performance. So let's talk a little bit about I've mentioned the BTS, which is behind the scenes, and that is actually the key technology platform that is letting enterprise admins manage complex content faster.

And now we actually are in beta trials with a full AI plug in for natural language content creation. These migrations are beginning in q four, and this will be fully compatible with our legacy apps, offering faster administration and granular role controls as well. And what that means is, you know, you if you're the IT guy, you can get access to all the information ready to IT. Or if you're an HR manager, you get all the people data. Or if you're an operation manager and you want your team data, you can have that access to that.

You can, you know, provide content, notifications, all the things that are necessary for that. So it's super exciting, and this is an infrastructure player that we really believe will enable, you know, supercharge your legacy apps. So, I wanna go to the future a little bit. So we've talked about our Sky digital assistant and how it works. I'm gonna play a little video of how, our our existing new and enhanced Sky Digital Assistant is working in our labs in San Ramon.

You know, it's kinda like a, Sky Digital Assistant. Like an intelligent concierge. It's it's employees can now book, plan, and act in real time using natural language with the system proactively suggesting actions based on calendar, location, behavior. It's a living example of, Agendaq AI, workplace intelligence that works for you, not the other way around. I wanna play the video.

Hopefully, you will hear the audio on this, and you'll see our Sky assistant, interacting with one of our engineers.

Sky Digital Assistant, AI Assistant, CX App Inc: Hi. I'm Sky at San Ramon HQ. I can book meetings, reserve desks,

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): or order food.

Sky Digital Assistant, AI Assistant, CX App Inc: How can I help today?

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): I'm looking at things tomorrow at 2PM for one hour.

Sky Digital Assistant, AI Assistant, CX App Inc: Thanks. How many people, including you, will be attending? And will you need a screen?

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Oh, yeah. There will be three people. Yes. Need a screen. Yablo

Sky Digital Assistant, AI Assistant, CX App Inc: Den with capacity for five and a screen sound ideal. Would you like me to check its availability for tomorrow, November twelfth, at 2PM for one hour?

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Yes, please.

Sky Digital Assistant, AI Assistant, CX App Inc: Perfect. Let me check if Diablo Den is available for you. Good news. Diablo Den is available. Booking it now.

All done. I've successfully booked Diablo Den for Wednesday, November 12 from 2PM to 3PM. Would you like to order food for your meeting?

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Yeah. That that actually would be great.

Sky Digital Assistant, AI Assistant, CX App Inc: Great. What type of food would you prefer? Do you recommend bamboo sushi for sushi, both from tallest for vegetarian, or mixed for healthy bowls? I'll go with mixed. Perfect choice.

I know you love the Dave's Taco Bowl from Nick's. Should I order that for all three people?

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Yes. Great.

Sky Digital Assistant, AI Assistant, CX App Inc: What time should it arrive? Your meeting starts at 2PM.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): 02:30PM.

Sky Digital Assistant, AI Assistant, CX App Inc: Perfect. I've ordered three days taco bowls from next being delivered to Diablo Den by 02:30PM. You're all set.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): So that's a Jentagya at work, context aware, proactive, and human centered. Hopefully, you see how intuitive it was, how easy it was to use, and how context aware it was to find the right thing for you and making it happen effectively. I know that, you know, if you turn if you push the video on the on the screen, you could you could see it in real time. So we'll have that available for you after the call. And for the next video, I'll let you know how to depress it, but hopefully, heard the audio on this.

And, you know, before I, go forward, you know, q three was a really good quarter for us. We had a lot of these great, customer highlights and deployments as well as, this new advancement with the Sky platform. So we're super excited about that. I'm now going to turn it to my partner, CFO, Joy, to give you the financial updates for q three. Joy?

Joy Benuga, CFO, CX App Inc (Sky): Thank you, Karim. It sounds like or not sounds like, but, the digital assistant just reminds me of a theme for this quarter, something I've been thinking about. And the theme or keyword is momentum. So we're seeing momentum in the AI ecosystem. We're seeing momentum in the speed at which, you know, companies are implementing return to office or the reboot of, return to office or return to office two point zero.

And then more excitingly, momentum in our product, and I think the digital assistant is super exciting for me. I don't know if I wanted whatever bowl I was ordering, but that sounds a lot of great progress there. So if we go to Slide 18, we can look at our Q3 financial highlights. This was a solid quarter of execution and operating discipline. We maintained strong margins, controlled OpEx and delivered measurable improvement in profitability.

Starting with ARR expansion, we closed the quarter with two large logo renewals, both in the enterprise segment. These renewals reflect customer confidence platform and demonstrate the durability of our recurring revenue base. Our subscription revenue mix reached 99%, an increase from 88% in the same quarter last year. That transition toward pure SaaS continues to be one of our key strategic levers and increases predictability, expands gross margins and creates multiyear visibility into future cash flows. Next, on gross margin, we delivered an 89% increase compared to 88% in Q3 of last year and 86% last quarter.

This steady improvement reflects the benefits of disciplined cloud cost management and more efficient infrastructure scaling. We're continuing to see leverage in our cost delivery as we optimize across multi tenant environments and automate provisioning. Turning to cash OpEx, we held steady at $3,200,000 flat compared to both last quarter and the prior period. That stability reflects our ongoing focus on operational efficiency for maintaining a lean structure while still investing in innovation and go to market execution. Finally, on profitability and earnings per share.

We improved earnings per share this quarter to negative $0.13 a substantial gain from negative $0.34 the same quarter last year. That's a very clear signal that our cost controls and recurring model are working together to improve the bottom line. We can go to Slide 19, which is our quarter over quarter comparison. Revenue came in at $1,100,000 compared to $1,200,000 in Q2. The modest decline reflects the shift in revenue mix.

We saw lower hardware related sales this quarter, consistent with our strategy to phase out noncore components and focus on software led growth. Cost of revenue decreased from $171,000 to $123,000 which drove an improvement in gross profit to 991,000 and lifted gross margin to 89. That gain was driven primarily by tighter control over cloud utilization and vendor optimization. Looking at operating expenses, total OpEx declined to 4,800,000.0 from $5,200,000 in Q2, an 8% reduction quarter over quarter. Most of that was related to of that was related to savings in other areas, and you will see a slight increase in G and A, but that is primarily due to stock based comp, just because we have a large amount of stock that vests for employees in Q3.

So you'll always see that probably quarter over quarter. Overall, these shifts demonstrate flexibility of our operating model. We're able to scale innovation while containing discretionary spend. As a result, loss from operations improved to negative 3,800,000.0 compared to negative $4,100,000 in Q2 twenty twenty five. That's continued progress quarter over quarter as we execute against our goal of reaching breakeven we execute reaching breakeven eventually.

I also like to talk about our cash position. We remain very healthy with our cash position. We ended the quarter or as of right now, today, actually, with $9,000,000 in the bank. And with our equity and debt fundraising that we've done throughout the year, we have access to cash that should last at least for the next two years. In summary, Q3 showcased steady disciplined performance, improving gross margins, consistent OpEx and expanding recurring revenue.

We're managing growth and profitability in tandem, ensuring Sky is positioned to scale efficiently while driving durable shareholder value. Back over to you, Karam.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Thank you, Joy. So I wanna talk a little bit about the future here. You know, at at of tech, we we hosted a panel monitor by Samra Khan, who heads up system integrator partnerships at Google Cloud. And she talked about the inclusive and immersive workplaces of the future. It's a very interesting talk.

And so I'm gonna play a snippet of it. And what I ask the audience is please press on the play button so you can watch the video, but you're gonna hear the audio through this as well. So I'm gonna start right now.

Samra Khan, System Integrator Partnerships Lead, Google Cloud: Foster City, and my hologram is going to be sitting here. For those of you who are a big Star Trek fans, I drove growing up as a kid. I was, like, big into it. I always believed that one day that's going to become reality. And if any of you have visited our executive briefing center, we already have a demo of it.

I have gone through it. I must say it's amazing and scary. All at the same time that, you know, the hologram was eating an apple, and I'm like, oh my god. Is is good. So I believe, you know, we're going to an in workspace, we're going to enter the world of kind of work.

So there's going to be virtual reality. That's how we're going to do meetings. And I'm not saying that we're going to replace human interaction. Absolutely not. I think there is a need for that.

The need for it is always going to stay there. If COVID has proven one thing, it's proven that that human connections are important. We're going to, you know, we're going to continue to be in the hybrid environment. But I think most importantly, is going to do what what is going to get even more better in 2030 and beyond is that no matter what part of the globe you are in, your employee experience is going to be inclusive. It's going to be culturally adaptable to for somebody who's working out of Alaska versus Silicon Valley.

And it's going to be it's going to be inclusive, which I think is very, very important. That's why I think virtual reality is going to be a big part of it. So I wouldn't be surprised if I'm talking to for around five years from now, and he's like, hey. I've been testing this new app. It has metaverse in it, and, you know, it has all these other stuff, and then agents are going to work for you.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): It's pretty exciting stuff. And, you know, these conversations and the other conversation we've had with great partners, at our events reaffirm that Sky is the partner of choice for the world's most advanced AI ecosystems. We were very proud of our partnership with Google, and it's super interesting how they are, you know, aligned with our vision, helping us on the infrastructure side, helping us on the go to market side as well, and then, you know, being thought leaders with us as we look at defining the future work. So I wanna summarize, you know, what you saw today, what you heard from us today. But, you know, as we exit q three and and now in q four moving into 2026, our priorities are clear.

Three priorities. Number one, expand within our current customer base. Meaning, for Fortune five hundred clients, there's only, you know, two or three or four modules today. Every expansion into either analytics or content management or digital system that you saw multiplies ARR potential. Number two, accelerate ecosystem integrations.

Partnerships like you heard about Noro and Google Cloud extend Sky's reach beyond traditional workplace apps into immersive and agentic experiences. And third, maintain cost discipline while investing in AI leadership. We're balancing growth with responsibility, proving that AI companies can scale intelligently. In short, Sky is the most advanced agentic AI solution for workplace and employee experience markets. We're not just riding the AI wave, we're architecting it.

We're building not just another AI company, we're building a category defining enterprise platform, the most advanced eugenic AI solution for workplace experience and hybrid collaboration. I wanna thank our employees and extraordinary creative mission driven team and our customers and shareholders who believe in this journey. Sky is more than a ticker symbol. It's a movement to make AI human again. We're super excited about this opportunity.

Thank you, everyone, for joining the call. We're gonna take a couple of questions that came online. And so, Joy, if you have a list of questions, please go ahead.

Joy Benuga, CFO, CX App Inc (Sky): Yep. There's one from Jackson Vanderbilt Art, from Maxim. It's multiple questions, Kerm, so I'm gonna let you decide how you wanna answer all of this. But the question is give me one second. He wants the kiosk update, customer feedback and usage set, how many units deployed today versus pipeline growth and expansion progress with largest existing customers, status of testing before expanding deployments to all locations to a couple of our clients and the status of testing before expanding to large deployments and maybe more information on the 30 deployment and how we did that.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Okay. Great. Thank you, Joy. Yes. That's a lot of great questions all rolled into one.

So I'll I'll kind of, dissect it. So the first one on kiosk, absolutely, that's been a great product launch. We launched it with one client in Silicon Valley. They've deployed it in their campus in San Jose. It's working really well.

It's super exciting for them to start using it for their employees as they implement RTO. And that deployment was our first deployment that, you know, to gain the traction. They wanna first, you know, make sure San Jose works really well and then deploy it globally around all of their 14 plus campuses. So that's an interesting opportunity. And in in parallel, we've got three more clients, the existing clients who are already in pilot and is trying to do the pilot phase to deployment.

And a lot of them really like the fact that it's engaging, it's real time, it's just in time, getting actions completing, either it's booking a desk or, you know, or, or booking a conference room or just navigating to the right person or universal search. All of those are implemented with with that, and I think there's a lot of genuine interest. I can't give you exact numbers on on units right now, but I can tell you that, you know, of all the deployments and all the campuses that we have with our clients, when they deploy one, it's obviously going to deploy in all the all the different campuses. So we're excited about it. And I think, there's a great opportunity, you know, coming in q one where we're going to launch these other three clients.

And then from those three will be the next 10. So I think that's the kind of scaling we see on that on that product. On the other question in terms of our I think, Joy, was it about the other expansion opportunities. Right? So thirty Rock is an excellent example of a large multinational media company that deployed a marquee site in New York City.

It was super, super critical for them to get it absolutely right. And so it was a lot of focus, a lot of hard work. I commend the team, both our team and the customers team for making it happen. But they not only just launched New York, they actually launched LA, and they launched Miami, and they launched, Connecticut. So they're super excited.

Actually, even though they're an early customer of the product, they want the kiosk right away. So they're actually in trials with the kiosk. So I think, all in all, it just shows that it takes a little effort to get into, you know, these big clients. But once you're in there, they see the opportunity. They're super excited about the potential of it.

And then the outcomes, you know, through SkyView will be the test of, say, is it actually, you know, really doing a great job for the for the employees? And I've mentioned before, my success strategy is the adoption. And, we've been talking about our adoption numbers in terms of number of users, but I think it's gonna be number of interactions. If you look at the, the Skype analytics slide I showed you, you know, in those six thousand day one users, there were 30,000 plus interactions. Right?

Which is amazing, the fact that they don't come to the app one time, they actually come to the app five or six times. I think those are the the must have moments that we believe create that affinity for Sky, create that affinity for the value of Sky. And then with the Augentic, as you can see, everything can be done within the New York minute. And that to us is game changing. That's why these clients are staying with us because they see the potential of how Sky with two point zero and with the AgenTex solution is really gonna be transformative to their business and to their, to their clients.

I would tell you one of the, there's a new study that I just saw that said that people are spending at least twenty five minutes or more a day in scheduling conflicts. You know? And with what we showed you, we can take that scheduling conflicts out of the way. So you get your twenty five minutes back or more, and then you make your life more productive. So I think, we're in the phase now of moving into predictable outcomes and showing them the real value of the application, not just the, you know, the fact that the application functions, the fact that it actually transforms the way they work and the way they, are productive in their environment.

So so I think there's a lot more coming, I would say, Jack, to answer your question, and we believe that all of our clients are destined for scale. So alright. Any other questions, Joy, that came in, or is that the only question you have?

Joy Benuga, CFO, CX App Inc (Sky): That was the only one.

Karim Sheikh, Chairman and CEO, CX App Inc (Sky): Okay. Well, I'm, I wanna close by saying thank you, everybody, for joining the call, for supporting Sky. I think we have a great future ahead of us. As you can hear from some of the partners we are working with, we're super excited, for our success, and we're looking forward to giving you better and more, more predictable results in the future here as we start scaling the business. I think the exciting part is now coming with AI now being fully being adopted in the enterprise.

CIOs are not saying this is a nice to have, this is a must have, and we believe that we have an exciting opportunity to enable them in the future. So we're going to be making a lot more announcements in the coming weeks and months in terms of these opportunities. So stay tuned, and we look forward to having our next earnings call or annual call, hopefully, early next year. But till then, thank you everybody and have a good evening.

Conference Operator: Thank you. This does conclude today's conference call and webcast. You may disconnect at this time and have a wonderful day. Thank you once again for your participation.

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