Trust Stamp files its 2024 10-K and gives forward-looking revenue and expense guidance
01 Aprile 2025 - 1:00PM
Trust Stamp announces that:
- It filed its 10-K
report for the 2024 Financial Year after the Nasdaq market closed
on March 31st, 2025.
- Q4 2024 Revenue was
$1.50m increased from $0.51m for Q3 of 2024 and $0.58m for Q4 of
2023.
- 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.
- Expenses
reductions for the balance of 2025 are estimated to result in new
savings of $0.1m per month versus expenses in 2024.
- Cash burn
for Q1 of 2025 is estimated at $0.75m with an average burn over the
balance of FY 2025 estimated at $0.2m per month based solely on
revenue from existing customers that are both contracted and
currently revenue-generating.
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
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