earnings
confidence high
sentiment positive
materiality 0.65
Cloudastructure Q1 revenue up 212% to $0.7M; gross profit positive; net loss $2.5M
CLOUDASTRUCTURE, INC.
- Revenue $0.7M, +212% YoY from $0.2M; gross profit $0.3M vs gross loss $17K in Q1 2024.
- Net loss $2.5M vs $1.7M, driven by higher headcount and special bonus.
- Secured largest contract in company history for luxury high-rise in Houston; expanded in affordable housing in Atlanta.
- Cloud video subscriptions up 79%, remote guarding revenue +164%, hardware sales +241%.
- Completed AI hosting migration to renewable energy data center in Montana, reducing costs 30%.