Trust Stamp Q2 net loss narrows to $2.17M; cash jumps to $5.04M on $7.47M equity raise

T Stamp Inc

2023-Q2 EPS reported -$0.80 revenue$919,438

Q2 2023 net loss $2.17M ($0.32/share) vs $2.92M ($0.63) in Q2 2022; operating loss down 18.91%.
Revenue fell 34.94% to ~$460K due to ICE contract termination; billable service revenue temporarily reduced.
Cash and cash equivalents $5.04M at June 30, 2023, up from $1.25M at Dec 31, 2022 after $7.47M equity raise.
Financial institution customer base grew 283% YTD to 29; target raised to 45-50 by year-end 2023.
First direct Orchestration Layer user in production with >82% gross margin; S&P500 bank also onboarded.

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 1.0

T Stamp Inc reported financial results for quarter and period ended June 30, 2023.

Period: quarter and period ended June 30, 2023
Result: reported results

Exact text from the filing

T Stamp, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter and period ended June 30, 2023.

View on SEC.gov

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

T Stamp Inc filing history →

Source: SEC EDGAR

accession 0001718939-23-000008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.