Trust Stamp announces timing for filing its 2024 10K and gives historic and forward-looking revenue guidance
Rhea-AI Summary
Trust Stamp (IDAI) has announced key financial updates and timing for its 2024 annual report filing. The company will submit its 10-K report for FY2024 after Nasdaq market close on March 31st, 2025.
The company reported significant revenue growth in Q4 2024, achieving $1.497 million, which represents a substantial increase from $0.575 million in Q4 2023 and notably exceeds recent analysts' forecasts of $0.51 million.
Looking ahead, Trust Stamp projects that its anticipated revenue from existing customers for the full year 2025 is expected to surpass $5.0 million.
Positive
- Q4 2024 revenue of $1.497M represents 160% YoY growth from Q4 2023 ($0.575M)
- Q4 2024 revenue significantly outperformed analyst forecasts of $0.51M
- Projected 2025 revenue from existing customers expected to exceed $5.0M
Negative
- None.
News Market Reaction – IDAI
In the trading session that priced this news, IDAI gained 5.76%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Trust Stamp announces that it will file its 2024 FY 10K on March 31st, 2025, flags Q4 2024 Revenue as exceeding recent analysts' forecasts, and gives estimated revenue guidance for 2025 based on existing contracted revenue
Atlanta, GA, March 27, 2025 (GLOBE NEWSWIRE) -- Trust Stamp announces that:
- It plans to file its 10-K report for the 2024 Financial Year after the Nasdaq market closes on March 31st, 2025.
- Q4 2024 Revenue will be reported at
$1.497m (up from$0.575m for Q4 of 2023) versus recent analysts' forecasts of$0.51m .
- Current estimates of anticipated revenue from existing customers for the full year 2025 is believed to exceed
$5.0m .
Inquiries:
Trust Stamp Email: Shareholders@truststamp.ai
About Trust Stamp
Trust Stamp, is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.
Located in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).
Safe Harbor Statement: Caution Concerning Forward-Looking Remarks
All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update
