secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001104659-23-060847
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000110465923060847/0001104659-23-060847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000110465923060847/tm2315857d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-060847

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