secwatch.observer — SEC 8-K summary
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Issuer:     T Stamp Inc (IDAI)
CIK:        0001718939
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001718939-24-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trust Stamp FY2023: Rev $4.56M (-15%), net loss per share $1.07 vs $2.55, operating loss cut 37%
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- Revenue $4.56M, down 15% from $5.39M; net loss per share $1.07 improved from $2.55 prior year.
- Operating loss reduced to $7.64M from $12.09M; SG&A cut 32.5% ($4.05M) and cost of sales down 48.8%.
- Financial institution customer base grew fivefold to 43; recurring revenue expected to begin in 2024.
- Raised $10.32M net equity in 2023 via multiple securities purchase agreements with institutional investors.
- Launched AI-powered age-estimation product; entered two joint ventures and a teaming agreement with a government contractor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000038/0001718939-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718939/000171893924000038/idai-20240327.htm
  HTML page:      https://secwatch.observer/filing/0001718939-24-000038

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