CXAIW — what changed in the latest 10-Q
A section-by-section comparison of CXAIW's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +47 | −32 | ~17 | 34 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
During the six months ended June 30, 2026, we focused on three strategic priorities:
2. Step-change in scale following EngineRoom acquisition: Our customer expansion strategy remained focused on enterprise accounts across the financial services, healthcare and technology sectors. We delivered 38.5% year-over-year revenue growth during the quarter, despite the contribution from the E…
3. Margin Decline through Cost Discipline: Gross profit was $1,071 thousand and $1,861 thousand for the three and six months ended June 30, 2026, respectively, compared with $1,052 thousand and $2,126 thousand for the corresponding periods in 2025. Gross margin was 63.22% and 70.39% for the three an…
● Gross margin decreased to 63.22% for the three months ended June 30, 2026 from 86.02% for the three months ended June 30, 2025. The decrease primarily reflected the inclusion of EngineRoom’s managed advertising and growth marketing advisory services from June 3, 2026, which changed the Company’s r…
● We intend to leverage the combined customer base to increase recurring and contractual technology revenue and expand higher-margin platform offerings. We believe these initiatives will strengthen the quality of our revenue streams and support our long-term growth objectives.
Text removed vs the prior filing · source: 10-Q · 2026-05-13
In first quarter of 2026, we prioritized three strategic pillars:
2. Subscription Revenue Quality Expansion: Our customer expansion strategy remained focused on high-value enterprise accounts, particularly across the financial services, healthcare, and technology sectors with subscription based recurring revenue model. We deepened relationships with existing Fortu…
3. Margin Expansion through Cost Discipline: In Q1 2026, we reduced operating costs by streamlining SG&A and rationalizing our services delivery model. Gross profit totaled $790 thousand for the three months ended March 31, 2026, compared to $1,074 thousand in the same period of 2025. Total revenue …
● During the three months ended March 31, 2026, the gross profit was decreased to 83% when compared to 88% in March 31, 2025 driven by higher-margin AI-enabled services and a strategic focus on enterprise clients.
● The transition to a recurring revenue model has improved revenue predictability and supports our long-term growth objectives.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-14
Following the quarter ended June 30, 2026, the Company issued an aggregate of approximately 7,673,664 shares of Class A common stock to Avondale under the Pre-Paid Purchase #4. The shares of common stock were issued between July 6, 2026 and August 12, 2026, at a price between $0.099463 and $0.166712…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice