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KINS Technology Group Inc (KINZU) Q3 2024 Earnings Call Highlights: Record Revenue and ...


KINS Technology Group Inc (KINZU) Q3 2024 Earnings Call Highlights: Record Revenue and ...

Q: How has new management impacted growth at Sky? A: Khurram Sheikh, CEO, stated that new management, including the addition of Joy Mbanugo as CFO, has positively impacted growth. The new talent has brought fresh perspectives and strengthened partnerships, particularly with Google Cloud, enhancing the company's strategic direction.

Q: Could you partner with Palantir to implement their AI platform? A: Khurram Sheikh, CEO, mentioned that while they haven't considered partnering with Palantir, as they are currently focused on commercial customers rather than government contracts, they are open to exploring opportunities in the commercial space.

Q: Can you detail how your partnership with Google Cloud is progressing? A: Khurram Sheikh, CEO, explained that the partnership with Google Cloud is progressing well, with active collaboration on product innovations and go-to-market strategies. Google Cloud's AI capabilities are being integrated into CXApp's offerings, enhancing their product suite.

Q: What are the financial highlights for Q3 2024? A: Joy Mbanugo, CFO, highlighted that Q3 2024 was the best financial quarter for CXApp, with revenue reaching $1.9 million, a net retention rate of 106%, and a significant reduction in cash-based losses by 43%. The company is focused on expanding its subscription base and achieving cash flow positivity.

Q: How is CXApp leveraging AI in its product offerings? A: Khurram Sheikh, CEO, emphasized that CXApp is leveraging AI to enhance employee experiences and productivity. Their Sky platform integrates AI to automate workflows, provide real-time analytics, and improve user engagement, positioning the company as a leader in workplace innovation.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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