IDAI - T Stamp GAAP EPS of -$2.55 misses by $2.15

2023-03-31 06:35:30 ET

• T Stamp press release ( NASDAQ: IDAI ): FY GAAP EPS of -$2.55 misses by $2.15 .
• As of December 31, 2022, and December 31, 2021, the Company had approximately $1.25 million and $3.48 million of cash, respectively.
• Operating loss was $12.08 million for the year ended December 31, 2022, compared to $8.89 million for the year ended December 31, 2021.
• Selling, general, and administrative (“SG&A”) expenses increased by $4.13 million, or 49.7%, for the year ended December 31, 2022, compared to the year ended December 31, 2021.
• Revenue increased by $1.71 million, or 46.4%, for the year ended December 31, 2022, compared to the year ended December 31, 2021. Revenue included $3.29 million from the U.S. federal government, $766 thousand from Mastercard, $989 thousand from an S&P 500 Bank, and $345 thousand from other customers.

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