Coveo achieves record quarter with strong revenue growth despite $7.2 million loss

Coveo reported a record third quarter with 12% revenue growth to $38 million, driven by new clients and SaaS subscriptions. Despite strong sales, the AI company incurred a $7.2 million loss, compared to a profit last year, with negative EBITDA of $200,000. Coveo secured major clients, launched an AI application for ChatGPT, and signed a deal with the Canadian government, while maintaining $100 million in cash.