secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001718939-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893923000008/0001718939-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893923000008/q220238kidai-20230630.htm
  HTML page:      https://secwatch.observer/filing/0001718939-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer