{"success":true,"data":{"pressRelease":{"id":"35745","rtpr_id":"nGNEltzNF","ticker":"IDAI","exchange":"NASDAQ","all_tickers":["IDAI"],"title":"Trust Stamp filed its Q1 10-Q for the three months ended March 31, 2026 reflecting 39% increase in net recognized revenue with continued customer and pipeline growth","author":"Globe Newswire","published_at":"2026-05-14T20:30:00.236Z","article_body":"Atlanta, GA, May 14, 2026 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI)\nannounced that:\n1. It filed its Q1 10-Q report for the three months ended March 31, 2026 after\nthe Nasdaq market closed on May 14, 2026.\n2. Net recognised revenue for the three months ended March 31, 2026 was $757\nthousand, an increase of 39% from $545 thousand for the corresponding period\nin 2025. The increase was primarily attributable to the S&P 500 bank customer\ncontract amendment in 2025 which increased recognized revenue by $236 thousand\nwhen compared to the corresponding period in 2025. Notably, recognized revenue\ndid not include services delivered in Q1 to the company’s newest customers\nwhich will result in billable revenue in Q2 and beyond.\n3. Total Operating Expenses were $3.03 million for the three months ended\nMarch 31, 2026, compared to $2.71 million for the corresponding period in\n2025, for an increase of $318 thousand. A portion of the increase includes\none-time acquisition expenses related to Lexverify, development expenses\nrelated to the Wallet of Wallets (WoW(TM)) and timing differences in\nrecognition of RSU expenses, as well as an increased cost of sales associated\nwith the increase in recognized revenue.\n4. Comprehensive Loss for the three months ended March 31, 2026 was $2.23\nmillion compared to $2.16 million for the three months ended March 31, 2025\nrepresenting a 3.4% increase year on year. Basic and diluted net loss per\nshare were $0.42 per share for the three months ended March 31, 2026, compared\nto $0.89 per share for the corresponding period in 2025.\n5. Cash and Cash Equivalents as of March 31, 2026 were $3.89 million which,\nwith receivables and prepaid expenses, resulted in Total Current Assets of\n$5.34 million.\nGareth N. Genner, Chief Executive Officer of the Company commented, “The\nincrease in recognized revenue in Q1 reflects a high level of continued\nperformance on our historic engagements in parallel to our work with two new\nmajor clients that we anticipate will result in significant billable revenue\nin Q2 and beyond. Our pipeline of substantial revenue prospects has continued\nto grow and mature and we are seeing significant interest in our WoW(TM) which\nwill launch once there is resolution of the continuing legislative\nuncertainties regarding stablecoin governance.”\n\nTrust Stamp\n                                                 \nEmail: Shareholders@truststamp.ai\n\nAbout Trust Stamp\n\nTrust Stamp\n(https://www.globenewswire.com/Tracker?data=Z4xGG6aJrheDZGLrqUlEMM7lBW_4-PgHAIemZGPUMco_fb8SX358ppGsIsUNMLafYgenXU4yUVVy0Kn3NVPVMQ==)\nis a global provider of AI-powered services for use in multiple sectors\nincluding banking and finance, regulatory compliance, government, healthcare,\nreal estate, communications, and humanitarian services. Its technology\nempowers organizations via advanced solutions that reduce fraud, tokenize and\nsecure data, securely authenticate users while protecting personal privacy,\nreduce friction in digital transactions, and increase operational efficiency,\nenabling customers to accelerate secure financial inclusion and reach and\nserve a broader base of users worldwide.\n\nWith team members from twenty-two nationalities in eight countries across\nNorth America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq\nCapital Market (Nasdaq: IDAI).\n\nSafe Harbor Statement: Caution Concerning Forward-Looking Remarks \n\nAll statements in this release that are not based on historical fact are\n“forward-looking statements” including within the meaning of the Private\nSecurities Litigation Reform Act of 1995 and the provisions of Section 27A of\nthe Securities Act of 1933, as amended, and Section 21E of the Securities\nExchange Act of 1934, as amended. The information in this announcement may\ncontain forward-looking statements and information related to, among other\nthings, the company, its business plan and strategy, and its industry. These\nstatements reflect management’s current views with respect to future\nevents-based information currently available and are subject to risks and\nuncertainties that could cause the company’s actual results to differ\nmaterially from those contained in the forward-looking statements. Investors\nare cautioned not to place undue reliance on these forward-looking statements,\nwhich speak only as of the date on which they are made. The company does not\nundertake any obligation to revise or update these forward-looking statements\nto reflect events or circumstances after such date or to reflect the\noccurrence of unanticipated events.","article_body_html":"","raw_payload":{"data":{"id":"nGNEltzNF","title":"Trust Stamp filed its Q1 10-Q for the three months ended March 31, 2026 reflecting 39% increase in net recognized revenue with continued customer and pipeline growth","author":"Globe Newswire","ticker":"IDAI","created":"2026-05-14T20:30:00.236Z","tickers":["IDAI"],"exchange":"NASDAQ","article_body":"Atlanta, GA, May 14, 2026 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI)\nannounced that:\n1. It filed its Q1 10-Q report for the three months ended March 31, 2026 after\nthe Nasdaq market closed on May 14, 2026.\n2. Net recognised revenue for the three months ended March 31, 2026 was $757\nthousand, an increase of 39% from $545 thousand for the corresponding period\nin 2025. The increase was primarily attributable to the S&P 500 bank customer\ncontract amendment in 2025 which increased recognized revenue by $236 thousand\nwhen compared to the corresponding period in 2025. Notably, recognized revenue\ndid not include services delivered in Q1 to the company’s newest customers\nwhich will result in billable revenue in Q2 and beyond.\n3. Total Operating Expenses were $3.03 million for the three months ended\nMarch 31, 2026, compared to $2.71 million for the corresponding period in\n2025, for an increase of $318 thousand. A portion of the increase includes\none-time acquisition expenses related to Lexverify, development expenses\nrelated to the Wallet of Wallets (WoW(TM)) and timing differences in\nrecognition of RSU expenses, as well as an increased cost of sales associated\nwith the increase in recognized revenue.\n4. Comprehensive Loss for the three months ended March 31, 2026 was $2.23\nmillion compared to $2.16 million for the three months ended March 31, 2025\nrepresenting a 3.4% increase year on year. Basic and diluted net loss per\nshare were $0.42 per share for the three months ended March 31, 2026, compared\nto $0.89 per share for the corresponding period in 2025.\n5. Cash and Cash Equivalents as of March 31, 2026 were $3.89 million which,\nwith receivables and prepaid expenses, resulted in Total Current Assets of\n$5.34 million.\nGareth N. Genner, Chief Executive Officer of the Company commented, “The\nincrease in recognized revenue in Q1 reflects a high level of continued\nperformance on our historic engagements in parallel to our work with two new\nmajor clients that we anticipate will result in significant billable revenue\nin Q2 and beyond. Our pipeline of substantial revenue prospects has continued\nto grow and mature and we are seeing significant interest in our WoW(TM) which\nwill launch once there is resolution of the continuing legislative\nuncertainties regarding stablecoin governance.”\n\nTrust Stamp\n                                                 \nEmail: Shareholders@truststamp.ai\n\nAbout Trust Stamp\n\nTrust Stamp\n(https://www.globenewswire.com/Tracker?data=Z4xGG6aJrheDZGLrqUlEMM7lBW_4-PgHAIemZGPUMco_fb8SX358ppGsIsUNMLafYgenXU4yUVVy0Kn3NVPVMQ==)\nis a global provider of AI-powered services for use in multiple sectors\nincluding banking and finance, regulatory compliance, government, healthcare,\nreal estate, communications, and humanitarian services. Its technology\nempowers organizations via advanced solutions that reduce fraud, tokenize and\nsecure data, securely authenticate users while protecting personal privacy,\nreduce friction in digital transactions, and increase operational efficiency,\nenabling customers to accelerate secure financial inclusion and reach and\nserve a broader base of users worldwide.\n\nWith team members from twenty-two nationalities in eight countries across\nNorth America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq\nCapital Market (Nasdaq: IDAI).\n\nSafe Harbor Statement: Caution Concerning Forward-Looking Remarks \n\nAll statements in this release that are not based on historical fact are\n“forward-looking statements” including within the meaning of the Private\nSecurities Litigation Reform Act of 1995 and the provisions of Section 27A of\nthe Securities Act of 1933, as amended, and Section 21E of the Securities\nExchange Act of 1934, as amended. The information in this announcement may\ncontain forward-looking statements and information related to, among other\nthings, the company, its business plan and strategy, and its industry. These\nstatements reflect management’s current views with respect to future\nevents-based information currently available and are subject to risks and\nuncertainties that could cause the company’s actual results to differ\nmaterially from those contained in the forward-looking statements. Investors\nare cautioned not to place undue reliance on these forward-looking statements,\nwhich speak only as of the date on which they are made. The company does not\nundertake any obligation to revise or update these forward-looking statements\nto reflect events or circumstances after such date or to reflect the\noccurrence of unanticipated events."},"type":"article","timestamp":"2026-05-14T20:30:00.30834164Z","server_sent_at_ms":1778790600308},"received_at":"2026-05-14T20:30:00.531Z","source_url":"https://www.globenewswire.com/news-release/2026/05/14/3295426/0/en/Trust-Stamp-filed-its-Q1-10-Q-for-the-three-months-ended-March-31-2026-reflecting-39-increase-in-net-recognized-revenue-with-continued-customer-and-pipeline-growth.html"},"analysis":{"id":"25189","press_release_id":"35745","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Cash position of $3.89M may be insufficient for long-term runway given $3M+ quarterly operating expenses","Product launch (WoW) dependent on external legislative resolution regarding stablecoin governance"],"eventType":"earnings","narrative":"Trust Stamp reported Q1 2026 revenue of $757,000, a 39% increase year-over-year, driven by an S&P 500 bank contract amendment and continued customer growth.\n\nNet loss per share improved significantly to $0.42 from $0.89 in the prior year, despite operating expenses rising to $3.03 million due to acquisition costs and development efforts.\n\nThe company holds $3.89 million in cash and highlighted a growing pipeline, including significant interest in its upcoming 'Wallet of Wallets' product pending stablecoin regulatory clarity.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"IDAI shows improving unit economics with 39% revenue growth and halving of per-share losses, though cash runway remains a key watch item."},"keyFigures":{"revenue":757000,"revenueYoy":"39%","customDimensions":{"comprehensive_loss":2230000,"operating_expenses":3030000,"prior_year_revenue":545000,"cash_and_equivalents":3890000,"total_current_assets":5340000}},"quotedText":"The increase in recognized revenue in Q1 reflects a high level of continued performance on our historic engagements in parallel to our work with two new major clients that we anticipate will result in significant billable revenue in Q2 and beyond.","namedEntities":{"people":[{"name":"Gareth N. Genner","role":"Chief Executive Officer"}],"products":["Wallet of Wallets","WoW(TM)"],"companies":[{"name":"Trust Stamp","ticker":"IDAI"},{"name":"Lexverify","relationship":"acquired entity"}],"dollarAmounts":[{"amount":"$757 thousand","context":"Q1 2026 net recognized revenue"},{"amount":"$545 thousand","context":"Q1 2025 net recognized revenue"},{"amount":"$236 thousand","context":"revenue increase from S&P 500 bank contract amendment"},{"amount":"$3.03 million","context":"Q1 2026 total operating expenses"},{"amount":"$2.71 million","context":"Q1 2025 total operating expenses"},{"amount":"$318 thousand","context":"increase in operating expenses YoY"},{"amount":"$2.23 million","context":"Q1 2026 comprehensive loss"},{"amount":"$2.16 million","context":"Q1 2025 comprehensive loss"},{"amount":"$0.42","context":"Q1 2026 basic and diluted net loss per share"},{"amount":"$0.89","context":"Q1 2025 basic and diluted net loss per share"},{"amount":"$3.89 million","context":"Cash and Cash Equivalents as of March 31, 2026"},{"amount":"$5.34 million","context":"Total Current Assets as of March 31, 2026"}]},"materialImpact":{"score":3,"reasoning":"Revenue grew 39% YoY to $757k, and net loss per share improved significantly from $0.89 to $0.42. However, the company remains unprofitable with only $3.89M in cash, and revenue is still small-scale. The improvement in unit economics and pipeline growth is positive for a small-cap AI/FinTech firm."},"tickerRelevance":{"others":[],"primary":"IDAI"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"moderate (earnings beat on growth/loss reduction)","sectorWeight":"high (AI/FinTech)","householdBrandBoost":"none","marketCapAdjustment":"low","retailFavoriteBoost":"low"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Trust Stamp reported Q1 2026 revenue of $757,000, a 39% increase year-over-year, driven by an S&P 500 bank contract amendment and continued customer growth.\n\nNet loss per share improved significantly to $0.42 from $0.89 in the prior year, despite operating expenses rising to $3.03 million due to acquisition costs and development efforts.\n\nThe company holds $3.89 million in cash and highlighted a growing pipeline, including significant interest in its upcoming 'Wallet of Wallets' product pending stablecoin regulatory clarity.","key_figures":{"revenue":757000,"revenueYoy":"39%","customDimensions":{"comprehensive_loss":2230000,"operating_expenses":3030000,"prior_year_revenue":545000,"cash_and_equivalents":3890000,"total_current_assets":5340000}},"named_entities":{"people":[{"name":"Gareth N. Genner","role":"Chief Executive Officer"}],"products":["Wallet of Wallets","WoW(TM)"],"companies":[{"name":"Trust Stamp","ticker":"IDAI"},{"name":"Lexverify","relationship":"acquired entity"}],"dollarAmounts":[{"amount":"$757 thousand","context":"Q1 2026 net recognized revenue"},{"amount":"$545 thousand","context":"Q1 2025 net recognized revenue"},{"amount":"$236 thousand","context":"revenue increase from S&P 500 bank contract amendment"},{"amount":"$3.03 million","context":"Q1 2026 total operating expenses"},{"amount":"$2.71 million","context":"Q1 2025 total operating expenses"},{"amount":"$318 thousand","context":"increase in operating expenses YoY"},{"amount":"$2.23 million","context":"Q1 2026 comprehensive loss"},{"amount":"$2.16 million","context":"Q1 2025 comprehensive loss"},{"amount":"$0.42","context":"Q1 2026 basic and diluted net loss per share"},{"amount":"$0.89","context":"Q1 2025 basic and diluted net loss per share"},{"amount":"$3.89 million","context":"Cash and Cash Equivalents as of March 31, 2026"},{"amount":"$5.34 million","context":"Total Current Assets as of March 31, 2026"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-14T20:43:36.542Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"moderate (earnings beat on growth/loss reduction)","sectorWeight":"high (AI/FinTech)","householdBrandBoost":"none","marketCapAdjustment":"low","retailFavoriteBoost":"low"}},"durationMs":67589,"modelName":"george-droid-qwen-72b"}}