C3.ai Reports Q4 Earnings with Heavy Losses and Restructuring Plan
C3.ai reported fourth-quarter revenue of $51.6 million but posted a non-GAAP operating loss of $54.4 million, along with negative free cash flow of $54.8 million. CEO Tom Siebel attributed the poor performance to sales execution issues and announced significant restructuring efforts including a 35% workforce reduction and reorganization across key departments.
Topics: AI financial results turnaround strategy workforce reduction