**Title:** "CXApp's Revenue Slide: Navigating Challenges Amidst Fierce Competition and Market Shifts"

Financial Performance

Based on the provided financial data, CXApp (stock code: CXAI) recorded an operating revenue of US$1.661 million as of December 31, 2024, a year-on-year decrease from US$1.719 million as of December 31, 2023. This change in the indicator reflects some challenges faced by the company in the current market environment.

Key Financial Data

1. CXApp's operating revenue was US$1.661 million, a year-on-year decrease of 3.59%.

2. Intensified competition in the market may have put pressure on sales revenue.

3. Changes in consumer demand affected the company's overall sales situation.

4. There may have been adjustments in the company's operating strategy, leading to a decrease in short-term revenue.

5. Economic uncertainty and increased special expenses may also be contributing factors to the revenue decline.

Peer Comparison

1. Industry-wide analysis: Overall, the technology industry has entered a mature stage after experiencing rapid growth, with intensified competition and a possible slowdown in the overall revenue growth of the industry. Many technology companies saw a lower-than-expected revenue growth in 2024.

2. Peer evaluation analysis: CXApp's operating revenue decline is a significant situation in the same industry, especially considering that other peers generally maintained revenue growth or remained stable during the same period, which may indicate a decline in CXApp's market position.

Summary

The decrease in CXApp's operating revenue in 2024 is mainly due to the weak market demand and intense competition, as well as the negative impact of product price decreases and adjustments in the company's operating strategy. Compared to its peers, CXApp appears vulnerable in terms of revenue retention, and it needs to pay attention to changes in its market share and customer loyalty.

Opportunities

1. The new products launched through CXApp's collaboration with Google Cloud can enhance market competitiveness.

2. The company's investment in the research and development of artificial intelligence and augmented reality technologies may provide new momentum for future revenue growth.

3. Expanding existing customer relationships and providing high-quality scalable solutions can attract new customers and promote revenue growth.

Risks

1. Ongoing market competition may further compress profit margins, leading to a continuous decline in revenue.

2. Macroeconomic uncertainty may affect consumer spending in the future.

3. Continuous price decreases for products and high fixed costs may put pressure on net profit.