iLearningEngines Holdings Inc

Earnings data Q1 2024

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Provides artificial intelligence automation solutions.

First quarter revenue grew 33% year-over-year to $125 million Net loss driven entirely by one-time items; Company delivers increased non-GAAP profitability year-over-year excluding one-time items BETHESDA, Md., May 16, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines”, “ILE”, or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, today announced financial results for the first quarter ended March 31, 2024.

iLearningEngines Reports First Quarter 2024 Results

Fourth quarter revenue grew 39% year-over-year to $116 million Posts record full year revenue of $421 million, up 36% year-over-year, and ARR growth accelerates to 43% year-over-year BETHESDA, Md., April 22, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines”, “ILE”, or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

iLearningEngines Reports Fourth Quarter and Full Year 2023 Results

Presentation Dives Deep Into The Ways AI Technology is Reshaping the Effectiveness of Risk Management for the Insurance Industry Presentation Dives Deep Into The Ways AI Technology is Reshaping the Effectiveness of Risk Management for the Insurance Industry

Nationwide Insurance to Showcase How they are Driving Proactive Risk Management Using iLearningEngines' Enterprise AI Platform at the 2024 Insurance Innovators Conference

BETHESDA, Md., April 17, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (“iLearningEngines”, “iLE”, or “the Company”, NASDAQ: AILE), a leader in AI-powered learning automation and information intelligence for corporate and educational use, is pleased to announce that the Company has entered into a Loan and Security Agreement with East West Bank (the “Lender”). This facility brings the total gross funds raised in connection with the business combination with Arrowroot Acquisition Corp. (the “Business Combination”) to approximately $92.8 million.

iLearningEngines, Inc. Announces Additional Funding in Connection With Its Business Combination; Brings Gross Proceeds to Approximately $92.8 Million

Arrowroot Acquisition Corp

BETHESDA, Md. and MARINA DEL REY, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- iLearningEngines, Inc. (“iLearningEngines”, “iLE”, or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, is pleased to announce the completion of its business combination with Arrowroot Acquisition Corp. (formerly NASDAQ: ARRW, ARRWU, ARRWW) (“Arrowroot”). The combined company's common stock and warrants are expected to commence trading on the Nasdaq Capital Market under the ticker symbol “AILE” and “AILEW”, respectively, on April 17, 2024.

iLearningEngines, Inc. Becomes Publicly Traded Company After Completing Business Combination With Arrowroot Acquisition Corp., Will Commence Trading on Nasdaq Under Ticker Symbol “AILE”

News for iLearningEngines Holdings Inc Stock (AILE)