Xiao-I Corp (ADR) (OQ:AIXI)
Business Focus: Software
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | No. 1555 West Jinshajiang Rd 7th Floor, Building 398 SHANGHAI SHA 201803 |
| Tel: | N/A |
| Website: | https://ir.xiaoi.com |
| IR: | See website |
| Key People | ||
| Hui Yuan Executive Chairman of the Board, Chief Executive Officer | Wei Weng Chief Financial Officer | |
| Business Overview |
| Xiao-I Corp is a holding company mainly engaged in the provision of artificial intelligence (AI) services. The Company provides smart city, software business and architectural design AI services covering fundamental tech platform, conversation bot, cloud services, industry solutions and robotics solutions. The Company mainly conducts business in the domestic market. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Xiao-I Corp (ADR) revenues increased 23% to $59.2M. Net loss increased from $5.9M to $26.5M. Revenues reflect Sale of cloud platform products segment increase of 83% to $47M, M&S Service segment increase of 10% to $2.7M. Higher net loss reflects Research and development expenses increase from $24M to $52.4M (expense), Selling expenses increase of 16% to $4.6M (expense). |
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