Trust Stamp files its 2025 Q1 10-Q and provides forward-looking estimates
Trust Stamp (NASDAQ: IDAI) has filed its Q1 2025 10-Q report, revealing a revenue of $545,000, down from $574,000 in Q1 2024, with an additional $197,000 in deferred revenue. The company projects FY 2025 revenue to exceed $5.0 million from existing contracted customers. Trust Stamp expects monthly expense reductions of $180,000 compared to 2024, with an estimated monthly cash burn of $240,000 for the remaining nine months of 2025.
The company's financial position is supported by cash on hand and an unused $6.1 million ATM equity distribution agreement. Notably, Trust Stamp's Orchestration Layer platform has seen significant growth, with institutional customers increasing to 94 from 80 in Q4 2024, adding 12 community banks and 2 credit unions.
Trust Stamp (NASDAQ: IDAI) ha presentato il rapporto 10-Q per il primo trimestre del 2025, evidenziando un fatturato di 545.000 dollari, in calo rispetto ai 574.000 dollari del primo trimestre 2024, con ulteriori 197.000 dollari di ricavi differiti. L'azienda prevede che il fatturato per l'intero anno 2025 supererà i 5,0 milioni di dollari grazie ai clienti già contrattualizzati. Trust Stamp si aspetta una riduzione delle spese mensili di 180.000 dollari rispetto al 2024, con un consumo di cassa stimato di 240.000 dollari al mese per i restanti nove mesi del 2025.
La posizione finanziaria della società è supportata dalla liquidità disponibile e da un accordo non utilizzato di distribuzione azionaria ATM da 6,1 milioni di dollari. Di rilievo è la crescita significativa della piattaforma Orchestration Layer di Trust Stamp, con clienti istituzionali aumentati a 94 rispetto agli 80 del quarto trimestre 2024, includendo 12 banche comunitarie e 2 unioni di credito.
Trust Stamp (NASDAQ: IDAI) ha presentado su informe 10-Q del primer trimestre de 2025, revelando ingresos de 545,000 dólares, una disminución respecto a los 574,000 dólares del primer trimestre de 2024, con ingresos diferidos adicionales de 197,000 dólares. La empresa proyecta que los ingresos del año fiscal 2025 superarán los 5.0 millones de dólares provenientes de clientes contratados existentes. Trust Stamp espera reducir los gastos mensuales en 180,000 dólares en comparación con 2024, con un consumo de efectivo mensual estimado de 240,000 dólares para los nueve meses restantes de 2025.
La posición financiera de la compañía está respaldada por efectivo disponible y un acuerdo no utilizado de distribución de acciones ATM por 6.1 millones de dólares. Cabe destacar el crecimiento significativo de la plataforma Orchestration Layer de Trust Stamp, con clientes institucionales que aumentaron a 94 desde 80 en el cuarto trimestre de 2024, sumando 12 bancos comunitarios y 2 cooperativas de crédito.
Trust Stamp (NASDAQ: IDAI)는 2025년 1분기 10-Q 보고서를 제출했으며, 매출은 54만 5천 달러로 2024년 1분기의 57만 4천 달러에서 감소했으며, 추가로 19만 7천 달러의 이연 수익이 있습니다. 회사는 기존 계약 고객으로부터 2025 회계연도 매출이 500만 달러를 초과할 것으로 예상합니다. Trust Stamp는 2024년 대비 월간 비용을 18만 달러 절감할 것으로 기대하며, 2025년 남은 9개월 동안 월평균 현금 소모는 24만 달러로 추정됩니다.
회사의 재무 상태는 보유 현금과 미사용 610만 달러 규모의 ATM 주식 배포 계약에 의해 뒷받침됩니다. 특히 Trust Stamp의 Orchestration Layer 플랫폼은 큰 성장을 보였으며, 기관 고객 수가 2024년 4분기 80명에서 94명으로 증가했으며, 12개의 커뮤니티 은행과 2개의 신용조합이 추가되었습니다.
Trust Stamp (NASDAQ : IDAI) a déposé son rapport 10-Q pour le premier trimestre 2025, révélant un chiffre d'affaires de 545 000 dollars, en baisse par rapport à 574 000 dollars au premier trimestre 2024, avec 197 000 dollars de revenus différés supplémentaires. La société prévoit que le chiffre d'affaires de l'exercice 2025 dépassera 5,0 millions de dollars grâce aux clients sous contrat existants. Trust Stamp anticipe une réduction des dépenses mensuelles de 180 000 dollars par rapport à 2024, avec une consommation de trésorerie mensuelle estimée à 240 000 dollars pour les neuf mois restants de 2025.
La situation financière de l'entreprise est soutenue par la trésorerie disponible et un accord non utilisé de distribution d'actions ATM de 6,1 millions de dollars. Il est à noter que la plateforme Orchestration Layer de Trust Stamp a connu une croissance significative, avec un nombre de clients institutionnels passant de 80 au quatrième trimestre 2024 à 94, incluant 12 banques communautaires et 2 coopératives de crédit.
Trust Stamp (NASDAQ: IDAI) hat seinen 10-Q-Bericht für das erste Quartal 2025 eingereicht und einen Umsatz von 545.000 US-Dollar gemeldet, was einen Rückgang gegenüber 574.000 US-Dollar im ersten Quartal 2024 darstellt, sowie zusätzlich 197.000 US-Dollar an aufgeschobenen Umsätzen. Das Unternehmen prognostiziert, dass der Umsatz für das Geschäftsjahr 2025 5,0 Millionen US-Dollar übersteigen wird durch bestehende Vertragskunden. Trust Stamp erwartet monatliche Kosteneinsparungen von 180.000 US-Dollar im Vergleich zu 2024, mit einem geschätzten monatlichen Cash-Burn von 240.000 US-Dollar für die verbleibenden neun Monate des Jahres 2025.
Die finanzielle Lage des Unternehmens wird durch vorhandene liquide Mittel und eine ungenutzte ATM-Aktienvertriebsvereinbarung über 6,1 Millionen US-Dollar gestützt. Bemerkenswert ist das signifikante Wachstum der Orchestration Layer-Plattform von Trust Stamp, bei der sich die Anzahl der institutionellen Kunden von 80 im vierten Quartal 2024 auf 94 erhöht hat, einschließlich 12 Community-Banken und 2 Kreditgenossenschaften.
- Projected FY 2025 revenue exceeding $5.0M from existing contracted customers
- Monthly expense reductions of $180,000 expected for remainder of 2025
- Strong institutional customer growth with 14 new additions in Q1 2025
- $6.1M unused ATM equity distribution agreement available for funding
- Q1 2025 revenue decreased to $545K from $574K in Q1 2024
- Continuing cash burn of $240K per month projected for remaining 2025
- May need to utilize ATM offering, potentially diluting shareholders
Insights
Trust Stamp reports slight revenue decline while projecting significant growth and reduced expenses for 2025, with increasing institutional customer adoption.
Looking at Trust Stamp's Q1 2025 results, we see
What's particularly noteworthy is their forward guidance. Trust Stamp projects
On the expense side, Trust Stamp is implementing cost reduction measures expected to yield
The company appears confident in its financial positioning, citing sufficient cash reserves supplemented by an unused
Perhaps most encouraging is the 17.5% growth in institutional customers registered on their Orchestration Layer platform, increasing from 80 at the end of Q4 2024 to 94 currently. The addition of 12 community banks and 2 credit unions suggests expanding market penetration in the financial sector, which could support their ambitious revenue projections if these new customers convert to revenue-generating clients.
Trust Stamp announced that it filed its 2025 Q1 10-Q after the Nasdaq market closed on May 15th, 2025, and gave estimated guidance for 2025, together with announcing strong growth in customer enrollment on its SaaS Orchestration Layer
Atlanta, GA, May 15, 2025 (GLOBE NEWSWIRE) -- Trust Stamp announced that:
- It filed its Q1 10-Q report for the three months ended 31 March 2025 after the Nasdaq market closed on May 15th, 2025.
- Q1 2025 recognized revenue was
$545 thousand , decreased from$574 thousand for Q1 of 2024, with an additional$197 thousand of revenue fully earned but subject to deferred recognition under ASC 606.
- Estimates of anticipated revenue from existing contracted customers for FY 2025 are believed to exceed
$5.0m and do not include projected revenue from contracted customers that are not yet revenue-generating.
- Continuing expense reductions for the balance of 2025 are estimated to result in new savings of
$0.18m per month compared to expenses in 2024.
- Cash burn for the remaining nine months of 2025 is estimated at an average of
$0.24m per month based solely on projected revenue from contracted customers that are currently revenue-generating. The Company believes its projected burn is covered by cash on hand (supplemented by an unused$6.1m “At The Market” equity distribution agreement that was announced on February 25th, 2025) as well as anticipated revenues described above.
In addition, Trust Stamp announced that as of the date of this release, institutional customers registered on the Orchestration Layer platform have increased to ninety-four from eighty at the end of Q4 2024, with the addition of twelve community banks and two credit unions.
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.
With team members from twenty-two nationalities 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 on 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 these statements.
FAQ
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