Trust Stamp revenue up 16% to $1.07M; financial institution customers double YoY; operating loss widens

T Stamp Inc

2024-Q2 EPS reported -$0.47 revenue$1,074,071

Net revenue $1.07M for H1 2024 vs $919K in H1 2023, a 16% increase.
Enrolled financial institutions on SaaS Orchestration Layer rose 100% to 62 from 31 YoY.
Operating loss $5.47M vs $4.96M; net loss per share improved to $0.47 from $0.80.
First Orchestration customer generating >$14K MRR at 83.3% gross margin; S&P500 bank >$1.2M ARR.
Anticipates significant IP license fees as other income in Q3 2024.

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