T Stamp Q1 revenue falls 83.7% to $0.47M; net loss widens to $2.5M

T Stamp Inc

2023-Q1 EPS reported -$0.50 revenue$458,633

Revenue of $0.47M, down 83.7% YoY due to ICE contract termination ($2.24M in Q1 2022).
Net loss of $2.5M ($0.51 per share) vs. $1.7M ($0.37) in Q1 2022; operating loss up 57.2%.
SG&A reduced by $1.15M (36.9%); additional >$1M annualized cuts planned, redirected to sales.
Cash $0.77M at March 31; raised $5.2M in registered direct offering in April 2023.
Orchestration Layer platform onboarded 29 users; hiring dedicated sales team expecting Q4 2023 revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

T Stamp Inc reported the three months ended March 31, 2023 results: net income Net loss was $2.5 million, EPS $0.51 per basic and diluted share.

Period: the three months ended March 31, 2023
Net income: Net loss was $2.5 million
EPS: $0.51 per basic and diluted share
Result: reported results

Exact text from the filing

Net loss was $2.5 million, or $0.51 per basic and diluted share, for Q1 2023

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

T Stamp Inc filing history →

Source: SEC EDGAR

accession 0001104659-23-060847

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