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IDAI T Stamp News Story

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Trust Stamp Q1 net loss per share narrows

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

MetricBeat/MissActualConsensus 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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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