iLearningEngines Holdings Inc

iLearningEngines Holdings, Inc. (NASDAQ: AILE) is a leading provider of AI-powered learning automation and work automation solutions for enterprises. Here are some key details about the company:

Business Overview

• Founded in 2010 by CEO Harish Chidambaran
• Headquartered in Bethesda, Maryland with additional offices in Dubai, UAE and India
• Went public via SPAC merger in April 2024, now trading on NASDAQ under ticker AILE
• Provides an AI platform for enterprise learning and work automation
• Serves over 1,000 enterprise customers across industries like healthcare, education, insurance, retail, energy, manufacturing and public sector

Financial Performance

• Q2 2024 revenue of $135.5 million, up 33.9% year-over-year
• Annual recurring revenue of $521 million as of Q2 2024, up 33% year-over-year
• Reported 35% year-over-year revenue growth for first 9 months of 2023
• Over 4.9 million licensed users as of June 30, 2024

Technology and Offerings

• Proprietary AI models and specialized datasets
• No-code AI canvas for rapid deployment
• Secure Knowledge Cloud to create enterprise "brain"
• AI engine generates insights, events and recommendations
• Enables enterprises to productize institutional knowledge

Recent Developments

• Completed SPAC merger and began trading publicly in April 2024
• Added to Russell 3000 index
• Secured additional $20 million in debt financing in June 2024
• Responded to short seller allegations in September 2024, defending its track record and financials

While iLearningEngines presents itself as a fast-growing AI company, it has faced some scrutiny recently regarding its financials and operations. The company maintains it has audited financials and a strong track record of innovation in enterprise AI solutions.

Based on the available information, here's an overview of iLearningEngines Holdings Inc's valuation and financial performance:

Market Capitalization

As of August 30, 2024, iLearningEngines (NASDAQ: AILE) had a market capitalization of approximately $0.2 billion. This relatively small market cap suggests the company is currently valued as a small-cap stock.

Financial Performance

iLearningEngines reported strong growth in its second quarter of 2024:

• Revenue increased 33.9% year-over-year to $135.5 million.
• Annual Recurring Revenue (ARR) grew 33.2% year-over-year to $520.8 million.
• The company added over 100 new end customers during the quarter.
• Total licensed users reached over 4.9 million as of June 30, 2024.

Valuation Metrics

While specific valuation multiples are not provided in the search results, we can infer some information:

1. The company is growing rapidly, with 33.9% year-over-year revenue growth.
2. iLearningEngines has a high net dollar retention rate of around 130%.
3. The company reported a net loss in Q2 2024, primarily due to one-time expenses related to its business combination and changes in fair value of financial instruments.

Liquidity and Debt

• As of June 30, 2024, the company had a combined cash and accounts receivable balance of $130.4 million.
• Total debt balance increased to $60 million after securing an additional $20 million in financing.

Market Position

iLearningEngines positions itself as a leader in AI-powered learning and work automation for enterprises, serving over 1,000 enterprise customers across various industries. The company's strong growth and recent public listing suggest investors see potential in its business model and market opportunity.

It's important to note that as a recently public company, iLearningEngines' valuation may be subject to volatility as the market assesses its long-term prospects and profitability potential. The company's ability to continue its rapid growth while moving towards profitability will likely be key factors in its future valuation.