Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
2024年9月6日 - 1:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
Commission File Number 001-41631
Xiao-I Corporation
(Translation of registrant’s name into English)
5/F, Building 2, No. 2570
Hechuan Road, Minhang District
Shanghai, China 201101
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
INCORPORATION BY REFERENCE
The Form 6-K and the
exhibit to the Form 6-K, including any amendment and report filed for the purpose of updating such document, are incorporated by reference
into the registration statements on Form S-8 (SEC File No. 333-275743) and Form F-3 of Xiao-I Corporation (the “Company”),
as amended (SEC File No. 333-279306) (including any prospectuses forming part of such registration statements), and shall be a part thereof
from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 5, 2024 |
Xiao-I Corporation |
|
|
|
By: |
/s/ Hui Yuan |
|
|
Name: |
Hui Yuan |
|
|
Title: |
Chief Executive Officer |
3
Exhibit 99.1
Xiao-I
Corporation Issues Revenue Guidance of $73 Million for Fiscal Year 2024
SHANGHAI,
September 5, 2024 -- Xiao-I Corporation (“Xiao-I” or the “Company”) (NASDAQ: AIXI), a leading artificial intelligence
company today announced its projection of a 25% increase in revenue for the fiscal year ended December 31, 2024, expecting a
revenue of approximately $73 million for the company’s fiscal year ended December 31, 2024 comparing to revenue of $59
million which was reported for fiscal year ended December 31, 2023. This projected growth is attributed to the successful refinement
and market deployment of its AI technologies. Additionally, the company anticipates a decline in research and development (R&D) expenses
as it strategically focuses on achieving profitability.
CEO Mr.
Hui Yuan commented, “Our AI systems have reached a high level of maturity and are now fully optimized for the market. This allows
us to decrease our R&D spending, which aligns with our strategy to improve margins and enhance our overall financial performance.”
The reduction
in R&D expenses is expected to contribute to improved profit margins and a continued reduction in losses, underscoring Xiao-I Corporation’s
commitment to profitability while delivering innovative AI solutions.
“Our
focus remains on leveraging our refined AI technologies to drive sustainable growth and create long-term value for our shareholders,”
Mr. Hui Yuan added.
About
Xiao-I Corporation
Xiao-I
Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in
artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing.
Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable
and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge,
proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information,
please visit: www.xiaoi.com.
Forward-Looking
Statements
This press
release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements
include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other
statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,”
“intend,” “should,” “believe,” “expect,” “anticipate,” “project,”
“estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results
to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the following: the Company’s ability to achieve its goals and strategies,
the Company’s future business development and plans for future business development, including its financial conditions and results
of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology,
government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”).
For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press
release. Additional factors are discussed in the Company’s filings with the SEC, including under the section entitled “Risk
Factors” in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and
other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the date hereof.
For
investor and media inquiries, please contact:
Ms. Berry
Xia
Email:
ir@xiaoi.com
XIAO I (NASDAQ:AIXI)
過去 株価チャート
から 8 2024 まで 9 2024
XIAO I (NASDAQ:AIXI)
過去 株価チャート
から 9 2023 まで 9 2024