Thank you, operator. Good afternoon, everybody. I'm joined today by our CFO, Joy Mbanugo, as well, and we are both excited to share with you our earnings for the second quarter of 2025. We will also provide an overall business update on our progress in shaping the future of work and creating transformative employee experiences with our state-of-the-art Agentic AI platform, CXAI pronounced sky. By now, everyone should have access to our earnings press release as well as the 10-Q that was filed with the SEC. This information will also be found on our website, www.cxapp.com or www.cxai.ai. With that, I'm going to move to the next couple of slides, which are disclaimer slides. You can read it at your own leisure after the earnings call. So I'm not going to go through each of the slides, but kind of show you the disclaimer slides. Okay. So I want to start by giving you a snapshot of the company.
The CXAI platform is anchored on customer experience, CX, and artificial intelligence, AI is the most advanced technology solution transforming people, places and things in the workplace. We are solving the biggest problems in our industry post the pandemic, i.e., the return to office (RTO) and employee engagement. So, before I get into the specifics, what if planning your entire workday took seconds? That's what we can do with CXAI. We can schedule meetings, desks, parking and catering in a New York minute. We can keep you spatially aware of events, even food trucks, and even help you hit your step goals without missing a meeting. This is the future of the workplace and it's closer than you think. I know we've been talking about this for a while, but we are here now with the CXAI platform being deployed across the world with all our great customers. We as a company are located in the San Francisco Bay Area with regional tech hubs globally.
The global presence and diversity of experiences give us a leading edge as we shape the future of work everywhere. Of the 65-plus team members at CXAI, more than 70% are engineers focused on building agentic AI solutions and maintaining our technology and product leadership. The culture of CXAI is innovation-focused with three core values: purpose, passion, and positivity. We are passionate about solving the big problems in the future work using AI, and we are super positive about creating a new paradigm of digital transformation of the enterprise focused on employee experiences. We believe the employee is at the center of this multibillion-dollar growing workplace experiences market, and we're creating a new category in software, employee experiences. The CXAI platform is based on 39 filed patents with 19 of them already granted. We have actually one new patent granted this quarter. We'll talk about it later in the slides, but it's tied to our multidimensional mapping and object orientation technology.
We are proud to have some of the largest logos of the world as our customers that are at the leading edge of the employee experience transformation. Our customers are sophisticated buyers of technology solutions and do not compromise on quality, performance, security, reliability, scalability and the technology roadmap. One of the key differentiators for our business is that we have strong security and compliance credentials globally. We have both ISO 27001 and SOC 2 compliance certifications. We just recently went through this compliance and were successful in achieving them. And that is the reason why you see so many logos from regulated industries from finance, health care, entertainment, technology industries. They use CXAI because they know they can trust us with their data and their enterprise security growth. If you ask me in a nutshell, what is our focus? Our focus is really in creating amazing employee experiences that create the engagement to drive actionable insights for our enterprise clients.
So let me talk a little bit about what our architecture is and what the products are, and we'll talk about the market and what our results for 2025 Q2. So the CXAI platform is really an AI-first platform that is driven to a mobile and cloud-first architecture. We were the first to develop the mobile application in this space. We were the first to have cloud first, and now we're the first deploying the AI-native application. As you think about this application platform, it is not just about the app. It's also about the infrastructure and the back-end architecture that we've developed and deployed now that is really creating these amazing experiences. So when you think about our app, it's a multi-OS app, could be Android, could be iOS, could be on any of those platforms, but it is driven towards multiple devices from mobile devices to laptops to even large-sized kiosks, and we will also be on watches as well.
We are creating that environment that allows this multi-OS and multi-device capability. The brains behind all of this is the BTS, which is the behind-the-scenes solution that drives their management. And finally, CXAI view ties it all together with the actionable insights and analytics that drive user behavior but also drive the enterprise. And all of this is tied to our strategic partners on the cloud. Google Cloud is our biggest strategic partner, but we have now relationships with Azure and with AWS, and we're partnering with all three of the cloud providers to provide these end-to-end solutions to our esteemed customers. So now the question is, how does this architecture manifest into customer experiences? And when we think about customer experiences, we think about four pillars. The first pillar is this unified employee experience, which integrates 100-plus enterprise tools and functionalities into a seamless employee experience on one single pane of glass.
So from a user perspective, you don't have to go anywhere besides CXAI if you want to get your work done. Second part is the spatial intelligence, which is a key part of the CXAI technology stack, focusing on optimizing physical spaces and enhancing interactions within the workplaces through multidimensional mapping technologies. The third part of this is experiential analytics. The use of AI to drive insights into employee engagement and workplace utilization is a core component of CXAI, emphasizing the value of data in making decisions as well as measuring productivity. And finally, Agentic AI boosts efficiency and productivity by enabling multimodal activated tasks like scheduling meetings with a simple command and features like search and discovery. This streamlines administrative duties driving efficiencies and convenience for employees as well as personalization for on-demand knowledge augmentation.
This is the future. This is the future that's here now with us. So when we think about the CXAI platform, we've been talking about the technology. But now from the last quarter, we have actually been out there in the market talking about our marketing initiatives, our branding. Our small marketing team has actually done an amazing job this quarter with three main initiatives. Number one, sharing case studies and trend reports based on the actual user data and experiences from our global deployments. We've got around 200-plus cities covered. We have 50-plus countries covered. We have deployments all over the globe. And now we're sharing all of the use cases and the case studies that drive the value, the ROI for the end user. Secondly, we've been starting to work on podcasts on key industry topics. The first one was actually with me with Chris Daigle, who runs ChiefAIOfficer.com. We had a really great off-the-cuff 60-minute podcast that has had a strong response on social media.
Feel free to check it out on the attached link. Trust me, it will be 60 minutes of fun as we talk about not only the capabilities of our platform, but the unique experiences we found with our clients that are enabling this amazing experience. Finally, we're going to be talking more about the people that make up CXAI, the human side. We are an AI-first enterprise where everyone in the team, whether they are in sales, marketing, finance, engineering, or DevOps, all use AI. And as you can see, the first video we have is of our CFO, Joy, who's on the call, who's an amazing finance expert, but she's actually pretty passionate about AI. And you can see that she has a lot to say about AI, and she's also a user of AI. Basically, every single employee at CXAI is using AI. It's also part of our Google partnership where we get access to Gemini enterprise access. But my expectation is clear to the team.
If you do not use AI in your job function, you will be left behind. And I'm proud to say that every team member on CXAI is using it, and we're finding a lot of great capabilities and efficiencies because of that. So that's a little bit about the company and what we do. But let me talk about the market, and let me talk about what's happened since we last talked to you guys about the market. And the headline is the corporate real estate world is getting compressed. No pun intended, for the first time in modern history, the U.S. is set to lose more office space than it builds. And that is driven by the fact that employees don't want to spend more money on space. They are fine with the space they have. The more important thing that's happening is that the large employers are saying, we want people to come back to the office, not one day, two days, but at least three days. Most of them are asking for four days.
And actually, there are some that are even asking for five days. As you can see, we've been showing you the Flex index charts for the last year, and the trend is going towards more structured hybrid work. That seems the highest. But on that, the return to office or full time in the office has increased from the low 20s to now 33%, but the structured hybrid, which means that you're going to be in the office at least three days, mostly four days is on the rise. In the last couple of weeks, we've had HSBC, Royal Bank of Canada, Scotiabank, TD Bank, Rogers, and Starbucks also announce four-day in-office mandates. And actually, one of the headlines that made last week was AT&T's CEO, John Stankey, made a headline saying that if you don't want to show up at the office, you may not be part of the new culture he believes AT&T needs. He’s making it very clear that he needs it based on performance and loyalty and culture.
And so that's where the wind is blowing. It's towards more and more ability to come together in the office so we can collaborate and expand our capabilities. And by the way, just yesterday, the mighty Microsoft was reported to be mulling the three-day return to office beginning in January. So we believe that work is anywhere. We believe we can provide the capability where the employees want to be. But the reality is corporations are reversing hybrid flexibility even as workspace density increases and floor plans shrink, pressuring real estate and workplace planners. So we're getting a lot of interest from folks that are saying, you know what, we need a solution to this problem because we're getting less space and we're getting more people back. And the reality is the CXAI platform, the way we designed it is already doing AI-powered desk reservations. They're doing capacity analysis, they're doing space time optimization.
It is doing a lot of things that will drive the innovation as well as drive the demand for this stuff. So that's an interesting trend that we see. The second thing that I would like to share on the trends is the hype cycle on AI, which is now getting towards real estate and the workplace experience market. We've actually been working with Gartner for over two years as we've shared our Agentic AI story for workplace and employee transformation. I'm happy to say that they are on board with our thinking and their Agentic AI analysts and digital workplace experience analysts who used to have the separate little words have now come together, have combined forces to create this hype cycle for digital workplace applications. As you can see in the workplace application, the employee experience app, which was the traditional mobile app, is kind of going through a down cycle in terms of people are using it, but the adoption is not that high as people expected because space booking is just one aspect of it.
And then on the other side, you see Agentic AI on the rise, which we, as you know, have been pushing for that for the last two years, and we're driving the leadership in that. That is in a little bit of a hype cycle, but at the same time, the reality is kicking in that Agentic AI is here. It's solving problems today for customers, and customers have no issues using the technology because it is solving a real problem for them and creating great value. So we feel very bullish about this opportunity, and we were headlined in this Gartner report. It's out there in July. Agentic AI is transformational. The way humans interact and collaborate with AI is taking a dramatic leap forward with Agentic AI. The Agentic AI system understands what the goal or vision of the user is and the context of the problem, what they're trying to solve. Agentic AI focuses on competing actions and outcomes versus just assistance, like a trusted adviser that is proactive, insightful and acts to solve problems.
And that's the key. That's what we've been focused on, and that's where we believe is where the industry is headed. So that's my market overview of what's happening in the market, what we believe. It's pretty obvious to us that this day was coming. I think now is the time that the acceleration of the adoption needs to start happening. So let me talk about what happened in Q2 here for us, and I'll focus on the product and customer highlights. Q2 2025 was a period of strategic execution and deeper customer engagement across our Fortune 1000 base. The company made amazing progress on existing customer growth, adoption and usage leading to high employee engagement with our large enterprise clients. Some of the key highlights, I would say, are two of our largest customers renewed this quarter and are accelerating the adoption of all CXAI products as they see incredible usage of our technology platform by their employees.
We had our largest ARR renewal with a leading Fortune 50 client that is now planning to expand globally to all sites as well as adopt all of the groundbreaking capabilities on the CXAI platform. They want it all as they want all their employees to experience the magic of CXAI. We are seeing more than 150% plus usage at some of their sites, primarily driven by their mandate for RTO as well as the ease of use and capabilities of the CXAI platform. You may ask, how can you have 150% plus usage? Well, it's pretty simple. Not only everybody who is supposed to come to the office comes to the office, but also they're getting people from out of site, out of state or out of city coming in because the headquarters is an important place to be. And we're finding a resurgence of people saying, well, we want to be in person, and we want to collaborate. So they're pretty excited. Now this also leads to interesting problems in terms of capacity planning and trend analysis and seeing what we can do.
And we'll show you a lot of the insights we've done with analytics that is a solution for this problem. But it's a good problem to have. And by the way, they are not unique in their demand for this product. We believe that every large enterprise is grappling with this problem, grappling with the fact that people want to come back to the office or are asked to come back and there's not enough space for them, and there's not enough ways to collaborate. The other big news for this quarter was one of our new clients is launching major iconic campuses across the U.S. in the coming month that signifies their commitment to scale. Our teams work tirelessly with them, and these sites are going to be in New York City, in L.A., and in Miami, all the great centers of excellence for them. So we're really excited about that deployment. And finally, if we talked last quarter, we talked about a CXAI Kiosk.
Well, we got our first orders in for that, and that deployment has gone successfully with our clients. And now there are multiple customers lining up for CXAI Kiosk. We'll talk about how the kiosk is game-changing in the market. Our CXAI platform anchored Agentic AI is now in deployment accelerating workplace transformation at scale. Key products on the CXAI platform gaining momentum, including the CXAI Kiosk, allowing employees to do just-in-time bookings and connections from an interactive stream, all powered by the CXAI BTS that's the brains managing access, space and content on the system, leading to actionable insights and outcomes with the CXAI VU analytics platform. We are committed to being the system of intelligence for the hybrid workplace. The new products offered by the CXAI platform are a result of our partnership with Google Cloud and Agentic AI technologies. This collaboration enables us to create intelligent, proactive, and personalized experiences on a large scale.
I appreciate the efforts of the Google team and our engineering teams for their hard work. We will discuss these capabilities in detail in the upcoming slides, including the analytics we've implemented and the amazing insights we've gained since rolling it out to our clients. CXAI BTS has been deployed with our newest client at scale, and after testing and validating it, we plan to deploy it across all our customers in the upcoming quarter. And then finally, we have the CXAI OneMap experience. We'll show you some examples of that. One place to navigate to book, to connect and more. It's been great working with a new client and putting that together and now all our clients wanting the same experience. We're super excited about that. And I'm going to turn it to the Google partnership now. So our Google partnership and products is moving at a rapid pace as the AI ecosystem has evolved dramatically over the last year.
And it's great to see Google Gemini leading the pack with innovation cost disruption. So this year, we just signed our next year commit with Google Cloud. As part of that, we're getting a lot of great technology capabilities. I'll break it down from infrastructure to spatial intelligence and security. Leveraging Gemini 2.5, CXAI is now enabling automation of nuanced and multi-turn booking requests, significantly enhancing the employee experience where CXAI agents will complete their daily space booking tasks so employees can be more productive on getting the work done versus scheduling work. Then we're using both the data engineering agent and the code agent in our infrastructure and our core development that's going to accelerate the development of those products. In terms of spatial intelligence, the Gemini data Agents API provides the building block to integrate Google's Booker natural language processing and code interpreter capabilities directly into CXAI VU, resulting in more contextual, insightful outcomes, allowing users to create unique, engaging and accessible data experiences to meet their specific business needs.
And we'll show you an example of what we've done there with one of our clients this quarter that's pretty amazing. Given that most of our customer base are Fortune 1000 clients, CXAI provides the enterprise-grade governance framework needed to accelerate AI adoption and value while ensuring trust, transparency, and security. We are using the Google Threat Intelligence GTI platform module now in addition to our GCP platform to provide that trusted and secure experience globally. As you look at our demand is increasing with our clients, the deployments are global. Think about a 40,000, 50,000-person organization that's globally, it's a large bank or it's a large entertainment company, no matter what, security is top of mind. And the fact that now usage is happening not in one or two sites, it's happening in 50 sites, it's not happening with 4,000 users, it's happening with 30,000 users. It's coming to a point where security becomes essential.
I would say, existential and essential. We are partnering with our clients to make sure that we deliver that really on-demand secure experience for them everywhere. So this is a good problem to have, but it's something that as we grow, we are definitely going to make it more and more important. Let me discuss the other products we have delivered and the capabilities we offer. This will give you a better understanding of how users are utilizing them and their experiences. Specifically, I want to mention the OneMap experience. We are rolling out the OneMap experience to all our customers, empowering employees to book, navigate, connect, and provide ratings and reviews all through a single map view. Some typical use cases include colleague booking, where employees can see who is in the office before making a booking. This feature has gained significant popularity. Interestingly, even in a small office, employees want to see who is present, view their pictures, and decide whether they prefer to connect with them or sit further away.
It offers them the full flexibility and opportunity. Similarly, we've got another interesting use case of emerging notifications where panic button triggers a location sharing or a notification that allows users to react very quickly and also for employees to inform employees of different actions. So that's also an exciting thing that's now fully deployed. It's also enabled through that OneMap experience. You don't have to go to a separate map to book or get a separate map to navigate. You have one place to go, and it's interactive, it's immersive. It lets you interact very easily and it's very easy to use. That has been really the key part of our drive towards this OneMap experience is that ease of use and that immersive experience. I'm happy to say we just were awarded a new patent on 3D mapping and augmented reality. It's really a cornerstone of our multidimensional map strategy, providing contextual, immersive experiences.
This is a future roadmap for us in terms of developing that multi-D environment, but we believe that a lot of our users are finding the capability to be super interesting and to give them more context than just booking a room or booking a desk. They really want to see what's in their environment. So super excited about that. So next, let me talk about analytics and spatial intelligence. As you know, we just talked about launching CXAI VU across all our customers. You've seen this slide before that we talk about all the great things we can do in terms of space optimization, user engagement analytics, give you data-driven decision-making capability. But the more interesting part is to give you the insights and the analytics that allow you to do predictions. That's been really interesting for us as we started peeling the onions with our clients. And then finally, the automation of the dashboard.
Some people want to have dashboards, some want to create their own dashboards, some want to have reports and we can print all those capabilities. This is where we partner with Google in proving that advanced CXAI VU capability. And so let me talk about an interesting model that our team developed. So as we look at all of the hundreds of sites that we have globally, we took a case study with one of our clients who's got the problem of cancellations of bookings. The problem exists is that when you book a room, you have the opportunity to keep it until you cancel it. Sometimes people don't cancel in advance or sometimes it auto cancels, depending on the settings through BTS. We found is that we're seeing these are two campuses. One is in Southeast Asia, where you have an enormous number of bookings, maybe there's 10,000-plus bookings a week, whereas or a month. In some cases, we have only a couple of thousand a month on a U.S. campus.
We discovered that auto cancellations or auto releases were not influenced by the volume of bookings. You could have an increase in bookings, but the number of auto releases or cancellations remained relatively constant. As we explored this further, we developed a prediction model to estimate potential cancellations based on historical and usage data. This model takes into account various factors such as the campus, department, user title, advanced bookings, and usage patterns. Our historical usage data is comprehensive, and from it, we've created a highly accurate prediction model that we believe achieves over 90% accuracy. We've demonstrated to our clients three significant business impacts. The first is real estate optimization, which reveals the costs associated with unused desks and provides insights into desk utilization. We've identified that for this campus, there are significant cost savings of $300,000.
If it's possible to predict that certain desks will be canceled or that certain rooms won't be booked, then those resources can either be reassigned or eliminated. Additionally, we've observed a significant improvement in employee productivity, saving our team thousands of hours each year. This is primarily because they no longer spend excessive time trying to book, rebook, or cancel, thanks to the auto release feature that simplifies these processes. And lastly, when you have these cancellations late in the time before the day comes, people are not utilizing those resources because it's too late to come back. Given that our algorithm can show you that these things will be released or could be released sooner, we’ve shown that you can have a 75% savings of the underutilized spaces, which is significant because this means that somebody who wanted to come to the office can now be at the office and somebody who wasn't going to come was actually let go earlier.
So a very interesting model that we built with our team. We're building these kinds of models on top of the Google AI infrastructure that will allow really value-based insights and outcomes to our clients, which is exactly what they're looking for. So I'm super excited about this development. And let me talk about the last but not least, the brains behind our system called CXAI BTS. BTS stands for behind the scenes. It's not Korean pop. It's really just more about making sure that we have all the capabilities that allow for a great infrastructure for our clients. The way we think about it now is not just about traditionally, these systems need to have content management systems. We've actually enabled it to have access, space and content management, right? The newest client that we have is super happy with this unified experience because now you can see everything, one pane of glass; you can see your space, you can see the people using it.
You can give them access control and rights to where they want to be, where they want access. Finally, you can distribute content anywhere you want, anytime you want using NLP commands. Our future with that is we're going to use Gemini to provide NLP-based commands, and we'll be launching the solution across all our clients this coming quarter. The beauty of the system is that in traditional old school real estate models where you've got maps sitting somewhere, you've got space information sitting somewhere else, you've got people content somewhere else. There's a lot of coordination that needs to happen to actually make some of these solutions work. We're now integrating all those pieces together, providing dynamic updates and creating this really easy solution for our clients to create content, to give access control to folks and manage their spaces more efficiently. So this is going to be a platform play that we're going to do across our clients. With that, this is the end of the product and customer presentation. Let me focus now on finance, and I'm going to move over to our CFO, Joy, to share with you the financial results for Q2 2025.
Thank you, Khurram. Turning to our Q2 2025 results. Picking up where Khurram left off, we saw meaningful ARR expansion this quarter, anchored by two large Fortune 1000 renewals. I just want to note that these aren't just contracts; they're multiyear partnerships that reflect both customer trust and the mission-critical role our platform plays in our operations and in improving overall employee experience. Subscription revenue made up 96% of total revenue compared to 87% just a year ago, showing our progress toward a higher margin recurring model. Gross margin improved to 86% from 80% last year, even as we invested heavily in R&D to accelerate ARR growth. EPS also increased from last quarter and from last year, up to negative $0.16 per share, but that's an increase quarter-over-quarter and year-over-year. We're also happy to report that cash on hand, cash as of today year-over-year has increased.
So we're really happy with the direction that we're heading in. If we move to the next slide, we can go into more detail as we did quarter-over-quarter. So revenue held steady at $1.2 million, which is a strong outcome given some of the macroeconomic headwinds and some of the news we're seeing about whether or not we're heading into a recession. It just shows that we're holding steady. You'll see that the cost of revenue increased slightly, but that's due to hardware that we purchased on behalf of a client, so that cost is passed through, which brings our gross margin to 86% this quarter versus 88%. So again, above the 80% mark but still holding steady. Overall, operating expenses increased, but that is attributable to some of the investments we had in R&D that Khurram talked about, our continued and expanded partnership with Google, the Gemini tools that we're using, etc. You will notice a one-time increase from this quarter and a rise compared to last year and the previous quarter.
However, this reflects significant investment that we believe is essential at this time. Our sales and marketing efforts have remained consistent, and we plan to maintain that stability. We are making investments while being more strategic, so we are not spending more money but rather focusing on how we can achieve more with less. We are proud of the team's achievements with the podcast and the case studies that humanize CXAI, and we will continue to pursue that direction. Additionally, general and administrative expenses have decreased compared to last quarter. As you may recall, there was a slight increase in those expenses quarter-over-quarter and year-over-year due to certain filings and other costs that were included in G&A. Overall, our operational loss increased; however, this reflects a significant investment in research and development, which we believe is essential for our future direction.
Collectively, the second quarter illustrates our capability to maintain revenue stability, strategically invest in growth, and enhance our market position. This combination of steady recurring revenue, disciplined cost management, and investment in innovation positions CXAI to capture a larger share of the employee experience market, which currently has a penetration rate of only 5% to 20% according to the Gartner survey mentioned earlier. Consequently, we are confident that CXAI will continue to lead in this new vertical.
Thank you, Joy. Just echoing what Joy said, we've done a great job in terms of managing our expenses, but at the same time, investing in the right technology sets. Our focus really has been on the technology. As we scale up, we're going to be focusing on sales and marketing as well and growing that base. We have a very small team working in that area because our best references are our existing clients, and the existing clients are loving what we're doing, and they're investing the time and effort to help scale this business. Let me close out by the summary slide of talking about why should you invest in CXAI. I think the fundamental belief that you have to believe is at the heart of CXAI, we also have a simple yet powerful belief: put the employee first and everything else follows. It's not just about the work, it's about the people who do it, the places where they come together and the things they need to succeed.
CXAI redefines how we think about work, life and the seamless interplay between the two. I think we're on to something really big here because as I talk to our clients, who are all the largest brands in the world in the Fortune 1000, they want to work with us as partners and not just a vendor-customer relationship because they want us to solve their problems. Their commitment to renew and expand significantly with us in this market establishes us as the leader in this emerging market. There are many other options they could choose to. They could have the large buzz bracket, large $1 trillion companies. They could also have other start-ups that could be in the space, but they trust us because they know that what we're working on is truly transformational, truly helping them be successful. So we really believe in that transformation. We've shown a continued recurring revenue path, as you see with Joy's numbers.
We're increasing the subscription revenue quarter-over-quarter, and we have a path to profitability based on that because we believe these clients are not easy to get hold of, not easy to scale up. And once we are with them, they want to go everywhere. We really believe that there's a huge opportunity for expansion with these amazing clients we have. Because of the diversity of deployment and you saw the insights that I showed you, I just give you a snapshot. There are so many interesting insights that we're finding that will allow employers to become more savvy about what to offer to their employees, how to make them more productive in their environment and for employees to also feel like how can I take advantage of all the assets of my company. I think this is a two-way street where employees and employers have to be together, and we believe CXAI is that tool that brings it all together for them.
Finally, we are an innovation-driven team. We've got a great Board, a great management team, situated in Silicon Valley. We have partnerships with leading innovators, and we're really on a mission to define a new category in software called Employee Experiences. I'm super excited about it. I think we believe that this opportunity is long-term. It's not a short-term opportunity. The demand is coming, and we believe that we are at the right time in the right place with the right technology set to be able to scale this business.
So yes, there are two questions, and we can tag team on them. The first one is, how is CXAI differentiating itself from larger AI competitors in the enterprise engagement space? And what specific areas are driving your competitive advantage? I think I would add in Khurram, let me know what you want to add. CXAI is delivering an enterprise scale AI solutions validated in live complex workplace environments. Our platform enables advanced capabilities such as Agentic AI, based behavior analytics and intelligent employee experience orchestration. A key differentiator is that our enterprise clients actively provide feedback and collaborate with us on a product roadmap. I get to hear it all the time, sit in the office, and I love to hear it, ensuring that we prioritize and deliver the most valuable features for real-world experiences. So we're not making this up. The continuous loop of engagement from our customers ensures our innovations directly address market needs and drive measurable outcomes.
As Khurram mentioned, we're able to ideate, test and deliver innovations because we're based in the Bay Area, the AI hub at the moment. This agility also allows us to respond rapidly to evolving enterprise needs while larger competitors are often a little bit slower to adapt. Our size is our advantage. Our technology consistently supports organizations in improving space utilization, enhancing workforce engagement and optimizing operational efficiency. Khurram, do you want to add anything to that?
Yes. That's great, Joy. I think the only thing I'll add is one of the things that we pride ourselves is localization, and this drives to this OneMap experience because a lot of the tools out there are digital tools with the AI space, definitely leveraging all the AI tools. I mean we're using Gemini, but we're also using other AI LLMs and tools on our platform. But what they can't do is they don't know the map. They don't know the localization. They don't know some of their user history and data and the contextual awareness. We think that's a strong differentiator for us. And then finally, we integrate all these other pieces together. So it's very hard when you're one product company or focused on that. We're actually more of an experience company. We focus on all these integrations. So I think those are our key differentiators.
We have a second question. Are there any strategic partnerships or integrations in the pipeline that could significantly boost market penetration over the next 12 months? I will address the first part, and then I believe Khurram can elaborate further since you already mentioned Google, but it might be beneficial to revisit that. Additionally, we are collaborating with four other design-build firms to incorporate our solutions into workplace projects during the planning phase. So when a building is being built, that's probably a great time to get in there. Business process automation providers that embed our capabilities into existing client workflows and global real estate firms that are active referrals. They refer CXAI when their clients are looking for digital transformation and employee experience solutions. Lastly, any technology ecosystem partners that have engagement platforms and then cloud providers, Khurram, your thoughts on that?
No, that's great, Joy. I think you hit all the different pieces. I think what I would say is that we believe that our best reference is our existing clients, and it's a small network of leaders in the industry because we don't work with just the project managers at these companies. We work with the C-levels. The CIOs at these large clients are talking to us. In one case, actually, the CEOs are ultimately talking to us. More and more we have leaders in HR, real estate and IT working with us. So all are at the senior executive level. If you look at that network of people, they have a high criteria for quality products and have a reference group that's very collegial. For us, it's super important to get those clients to be at the maximum level of CXAI experience, and then great things will happen. At the same time, as Joy said, we are working with different partners in the industry. As we integrate, say, a locker vendor, we work with them and we work with parking folks, we work with real estate folks. Those are all there. But at the same time, our key differentiator is the technology, and that's where we partner with the cloud providers that also are providing us a lot of great access to clients but also imply access to technology.
Great question. We talk about it every day at the office. What we're finding is that, as I said, what's working best for us is references from existing clients. Any other questions, Joy? Or is this it?
Okay. Great. Well, I want to thank everybody for joining us on the call. We look forward to giving you updates in the coming weeks and months. We have some really interesting strategic opportunities that we're working on, both from a product, technology and market perspective. So look out for those press releases. We will be hopefully scheduling our next earnings call in the November time frame for Q3 and look forward to your interest in CXAI. Thank you for joining the call and look forward to sharing future results and future success of the company. Thank you so much. Take care.
Thank you. This does conclude today's conference call. You may disconnect at this time and have a wonderful day. Thank you once again for your participation.