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Reports Strong Revenue Growth and Profitability Improvement in 2024, Reducing Net Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2535806378","media":"Reuters","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2535806378?lang=en_us&edition=fundamental","pubTime":"2025-05-16 05:32","pubTimestamp":1747344758,"startTime":"0","endTime":"0","summary":"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. 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These results position the Company to achieve profitability in 2025.- Gross Profit: Gross profit increased from $39,423,570 in 2023 to $48,049,547 in 2024, representing a growth rate of approximately 21.9%.- R&D Expenses: Research and development expenses totaled $34.66 million, down from $52.39 million in 2023. The 33.8% reduction reflects improved efficiency and the productization of core technologies.session, attended by legal representatives from both parties.\"2024 marks our evolution into a mature AI-driven growth company, powered by the Hua Zang LLM foundation. 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