Xiao-I Corp. Reports Strong Revenue Growth and Profitability Improvement in 2024, Reducing Net Losses

Reuters
16 May
Xiao-I Corp. Reports Strong Revenue Growth and Profitability Improvement in 2024, Reducing Net Losses

Xiao-I Corp., a leading cognitive artificial intelligence company, has released its annual report for the fiscal year ending December 31, 2024. The company reported its consolidated results of operations, detailing both absolute amounts and percentages relative to revenues. While the operating results for the period are not necessarily indicative of future performance, Xiao-I Corp. has not observed any trends or uncertainties likely to materially affect its net revenues, income, profitability, liquidity, or capital resources for the years 2022, 2023, and 2024. Furthermore, the company highlighted the impact of exchange rate fluctuations between the US dollar and RMB on profit margins and foreign currency obligations. Xiao-I Corp. continues to focus on the scalable implementation and commercialization of its innovative AI technologies across various industries, including customer service, finance, urban public service, architecture, healthcare, manufacturing, and the metaverse.

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