floopi
2023-03-09

Umm, "several years" is actually one year, the company has a cash reserve of 789 million dollars and an expected burn rate of 100 million a year, though since Siebel has stated that they would be cash neutral by Q4 of 2024 (fiscal, not calendar year, which means by summer of 2024) that would get the cash balance down to the upper 600's, a bit lower than maybe what Siebel suggested in Q2 of 2023 when he stated that the cash reserve would not dip below 700 million. Yet there were some unknowns based on the pivot from subscription based revenues to consumption based revenues. These higher interest rates currently work to the company's advantage as they have no revolving debt with floating interest, yet they do receive interest payments on their cash reserves.$C3.ai, Inc.(AI)$

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