The Latin America distributor for Iveda is expecting to generate $6 million in revenue for the fiscal year 2024, along with an additional $30 million in recurring revenue over the next five years. This positive forecast comes after a series of successful efforts and presentations in 2023 that have positioned the company for ongoing success.
In other news, C3 AI, a leading player in the AI industry, has unveiled its financial results for the third quarter of fiscal 2024. The company posted a total revenue of $78.4 million for the quarter, representing an 18% increase from the previous year. Subscription revenue made up $70.4 million, accounting for 90% of the total revenue and reflecting a 23% increase from the prior year. C3 AI’s partner-supported bookings saw significant growth, with a 337% year-over-year increase and a 62% quarter-over-quarter increase. The company finalized 27 agreements through its partner network in Q3, including partnerships with AWS and Baker Hughes.
Moreover, C3 AI has expanded its presence across various industries, with notable bookings distribution by sector in Q3 as follows:
– State and Local Government: 29%
– Federal: 25%
– Manufacturing: 16%
– Agriculture: 11%
– Chemicals: 8%
– Professional Services: 7%
– Energy and Utilities: 2%
– Food Processing and Consumer Packaged Goods: 1%
– Oil and Gas: 1%
Looking ahead, C3 AI has provided guidance for the fourth quarter of fiscal 2024 and the full year fiscal 2024, outlining expectations for total revenue and operational losses in different departments.
IVDA Stock Fluctuates on February 28th: Analysis and Outlook for Investors
On February 28, 2024, IVDA stock experienced fluctuations in its performance. IVDA is currently trading in the middle of its 52-week range and above its 200-day simple moving average, indicating relative stability over the long term.
IVDA shares saw a decrease in price on that day, closing at $0.97, a $0.02 drop from the previous market close, representing a 2.02% decrease in value.
Despite the drop during regular market hours, IVDA saw a slight increase in after-hours trading, rising by $0.04, indicating renewed interest among investors.
Overall, IVDA’s performance on February 28th was mixed, with a slight decrease during regular trading hours followed by a modest increase in after-hours trading. Investors will be monitoring closely to see how the stock performs in the coming days and if it can maintain its position above its 200-day moving average.
IVDA Stock Performance and Financial Results for 2024: Revenue Up, Net Income Down
IVDA stock had a mixed performance on February 28, 2024, as the company reported its financial results for the past year and the third quarter. According to data from CNN Money, IVDA’s total revenue stood at $4.47 million for the past year, representing a significant increase of 132.98% compared to the previous year. However, the total revenue for the third quarter was $872.76 thousand, showing a decrease of 63.51% compared to the previous quarter.
In terms of net income, IVDA reported a loss of $3.35 million for the past year and a loss of $828.82 thousand for the third quarter. This represents a decrease of 11.56% in net income compared to the previous year and a decrease of 9.43% compared to the previous quarter.
Earnings per share (EPS) for IVDA were reported at -$0.26 for the past year and -$0.05 for the third quarter. Despite the overall negative EPS, there was a 22.36% increase in EPS compared to the previous year. However, EPS decreased by 9.05% compared to the previous quarter.
