C3.ai reported Q4 revenue of $51.6 million, down sharply year-over-year and below flat analyst expectations, with gross margins at 37% despite 94% subscription revenue, signaling weak pricing power and elevated cloud costs. The company cut headcount from 1,070 to 700 for $135 million in annual savings but still guided to an operating loss of at least $128 million next year, while adding only nine new production deployments amid 251 active out of 417 cumulative. CEO Tom Siebel personally invested $69 million and admitted five quarters of poor execution, shifting focus to longer-cycle enterprise AI deals, though revenue visibility has worsened against larger competitors like Palantir.

Company: C3.ai, Inc. (AI)  ...