C3 AI stocks fall by 30%when the CEO calls sales “completely unacceptable”

Shares of the enterprise Artificial intelligence campaign C3 AI fell 30% on Monday after announced the previous Financial results and reconstruction Its global sales and services organization.

The C3 AI said on Friday that it expects to report a profit of $ 70.2 million and $ 70.4 million for its financial first quarter of 2026, although these figures were unusual, preliminary estimates. Campaign report 87.2 million dollars earnings a year earlier.

Thomas Sibib, CEO of the C3 AI, said in a statement that the results of the quarter sales were “completely unacceptable”. He attributed to the “devastating effect” of reorganization as well as his current health problems.

The company expects to report the loss of GAAP from the quarter operations between $ 124.7 million and $ 124.9 million, which is much wider than a year ago, when the C3 AI had a $ 72.59 million loss.

“Unfortunately, the case with these health issues prevented me from participating in the sales process as actively as I had in the past,” Sibib said in a statement. “With the benefit of the back review, it is now obvious that my active participation in the sales process can have a greater impact than I thought before.”

Shower announced In July, he was diagnosed with an autoimmune disease earlier this year, which led to “significant visual disorders”. The C3 AI and Siebel Council started searching for the next executive director of the company.

The C3 AI said its sale and restructuring of the services was completed, and Sibib said his health “improved dramatically”, except for its violation. He said he feels strong and fully busy and will work to quickly identify the “outstanding” CEO.

“I’m sure the company can speed up,” Sibal said.

It is planned that the company will hold a conference -call on the results of the first quarter on September 3 at 5 pm.