Trust Stamp Q1 net loss per share narrows

T Stamp, Inc. Class A

T Stamp, Inc. Class A

IDAI

0.00


Overview

  • AI identity solutions firm's Q1 revenue rose 39% yr/yr, driven by S&P 500 bank contract

  • Q1 net loss per share narrowed to $0.42 from $0.89 a year earlier

  • Company expects billable revenue from new customers to be recognized in Q2 and beyond


Outlook

  • Company expects significant billable revenue from new customers in Q2 and beyond

  • Trust Stamp says its pipeline of substantial revenue prospects continues to grow and mature

  • Company expects to launch WoW product after resolution of stablecoin legislative uncertainties


Result Drivers

  • BANK CONTRACT AMENDMENT - Co said Q1 revenue increase was mainly due to an amended contract with an S&P 500 bank

  • NEW CUSTOMER REVENUE PENDING - Co said services delivered to new customers in Q1 will result in billable revenue in Q2 and beyond

  • OPERATING EXPENSES - Co said higher operating expenses reflected one-time acquisition costs, Wallet of Wallets development, and increased cost of sales


Company press release: ID:nGNX9NVzff


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 EPS

-$0.42


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for T Stamp Inc is $12.00, about 471.4% above its May 13 closing price of $2.10


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