Trust Stamp (IDAI) reports Q3 2023 net rev $3.07M (+127% YoY); net loss narrows to $35k from $3.44M

T Stamp Inc

2023-Q3 EPS reported -$0.71 revenue$3,985,242

Net revenue $3.07M for Q3 2023, up 127% YoY from $1.35M; driven by $2.51M IGS license revenue.
Net loss narrowed to $35k ($0.00 per share) vs net loss of $3.44M ($0.75 per share) in Q3 2022.
Cash balance $3.18M as of Sep 30, 2023, up from $1.25M at Dec 31, 2022; stockholder equity $4.23M.
35 financial institutions onboarded via FIS channel partnership (5x increase YTD); direct sales team of 5 account executives hired.

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 quarter and period ended September 30, 2023 results: revenue $3.07 million.

Period: the quarter and period ended September 30, 2023
Revenue: $3.07 million
Result: reported results

Exact text from the filing

but not yet issued, and we believe that our patent portfolio is a significant asset.” Financial Performance Overview Net revenue During Q3 2023, Net revenue increased to $3.07 million, or 127.35% from Net revenue of $1.35 million for Q3 2022. During Q3 2023, the $3.07 million in Net revenue consisted of $2.51 million from IGS, $243 thousand from Mastercard,

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Source: SEC EDGAR

accession 0001718939-23-000028

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