REG - T Stamp Inc - 2020 Full Year Financial Results

MetlifeAnnouncement

30/04/2021 12:20

RNS Number : 2266X
  
T Stamp Inc
  
30 April 2021
  
 

T STAMP INC
('Trust Stamp' or 'The Company')
2020 Full Year Financial Results
30 April 2021: Trust Stamp (OTCQX: IDAI, Euronext Growth: AIID ID), a global provider of AI-powered identity services for use across multiple sectors, announces its results for the year ended 31 December 2020. 
Amidst economic and social uncertainty during the pandemic, Trust Stamp found a breadth of opportunity for positive and lasting growth in biometric technologies and data privacy solutions across financial systems, healthcare, transportation, public services, humanitarian work, and beyond.
Gareth Genner, CEO said "While the effects of COVID-19 caused a departure from how we envisioned 2020 business development unfolding, our strong performance and gross revenue (non-GAAP) increase of 30.9% year-over-year reflected the adaptability and multifaceted capabilities of our people, technology, and partners. Our 5-year investment in building a resilient business with diversified market opportunities, combined with the strategic decisions that we made in 2020, have positioned us well to execute on our long-term growth strategy.
I would like to thank the Trust Stamp team, along with our Shareholders, customers, partners, and advisors for their unfailing support. We will continue to prioritize the health and wellbeing of our team while executing on our ambitious plans to accelerate global financial and societal inclusion, combat fraud, and limit data misuse."
T STAMP INC ('Trust Stamp' or 'The Company') advises that its financial statements for the year ended 31st December 2020 have been sent to Shareholders and have been made available on the Company's website (https://truststamp.ai/Investors.html), accessible by clicking on the link below:   
2020 Full Year Financial Results
 
Trust Stamp                                                     Tel: +356 27112981
Gareth Genner, Chief Executive Officer
Nisha Naik, Executive VP of Communications
 
Davy (Euronext Growth Advisor)                       Tel: +353 1 679 6363
Fergal Meegan / Barry Murphy
 
Powerscourt (Financial Public Relations)         Tel: +353 87 236 5973
Eavan Gannon                                                    Email: Truststamp@powerscourt-group.com
 
About Trust Stamp
Trust Stamp is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organisations with biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.
Located in six countries across North America, Europe, Africa and Asia, Trust Stamp trades on the OTCQX Best Market (OTCQX: IDAI) and is listed on Euronext Growth in Dublin (Euronext Growth: AIID ID). Founded in 2016 by Gareth Genner and Andrew Gowasack, the company now employs over 60 people with flagship customers including Mastercard International and FIS.
 

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