Is C3.ai Stock a Buy Now?

For the fourth quarter of its fiscal 2023, which ended on April 30, the artificial intelligence (AI) enterprise software company's revenue stayed nearly flat year over year at $72.4 million, but still surpassed analysts' expectations by $1 million. The company narrowed its adjusted net loss from $22.6 million in the year-ago period to $15.2 million, or $0.13 per share, which cleared the consensus forecast by $0.04 per share. For the full fiscal year, C3.ai's revenue rose 6% to $266.8 million as it narrowed its adjusted net loss from $76.7 million to $46.4 million, or $0.42 per share.