Cloudastructure Reports 2024 Year-End Results: Revenue Up 124% Year-over-Year; Gross Profit Turns Positive
Cloudastructure (Nasdaq: CSAI) reported strong financial results for 2024, with revenue increasing 125% year-over-year to $1.4 million. The company achieved broad-based growth across all segments:
- New locations up 30%
- Cloud video surveillance subscriptions up 48%
- Remote guarding revenue up 404%
- Hardware sales up 250%
The company turned a gross loss into a $0.4 million gross profit in 2024, compared to a $0.1 million loss in 2023. Net loss improved to $6.5 million ($0.45 per share) from $9.0 million ($0.60 per share) in 2023. Notable developments include securing contracts with a $1 billion residential investment firm, beginning trading on Nasdaq through direct listing in January 2025, and reducing data processing costs by 50% through a renewable energy partnership in Montana.
Cloudastructure (Nasdaq: CSAI) ha riportato risultati finanziari solidi per il 2024, con un aumento del fatturato del 125% rispetto all'anno precedente, raggiungendo i 1,4 milioni di dollari. L'azienda ha ottenuto una crescita diffusa in tutti i segmenti:
- Nuove sedi aumentate del 30%
- Abbonamenti per videosorveglianza in cloud aumentati del 48%
- Entrate da guarding remoto aumentate del 404%
- Vendite di hardware aumentate del 250%
L'azienda ha trasformato una perdita lorda in un utile lordo di 0,4 milioni di dollari nel 2024, rispetto a una perdita di 0,1 milioni di dollari nel 2023. La perdita netta è migliorata a 6,5 milioni di dollari (0,45 dollari per azione) rispetto ai 9,0 milioni di dollari (0,60 dollari per azione) del 2023. Sviluppi notevoli includono l'acquisizione di contratti con una società di investimento residenziale da 1 miliardo di dollari, l'inizio della negoziazione su Nasdaq tramite quotazione diretta a gennaio 2025, e la riduzione dei costi di elaborazione dei dati del 50% grazie a una partnership con energie rinnovabili nel Montana.
Cloudastructure (Nasdaq: CSAI) reportó resultados financieros sólidos para 2024, con un aumento del 125% en los ingresos interanuales, alcanzando los 1,4 millones de dólares. La empresa logró un crecimiento generalizado en todos los segmentos:
- Nuevas ubicaciones aumentadas en un 30%
- Suscripciones de videovigilancia en la nube aumentadas en un 48%
- Ingresos por vigilancia remota aumentados en un 404%
- Ventas de hardware aumentadas en un 250%
La empresa convirtió una pérdida bruta en un beneficio bruto de 0,4 millones de dólares en 2024, en comparación con una pérdida de 0,1 millones de dólares en 2023. La pérdida neta mejoró a 6,5 millones de dólares (0,45 dólares por acción) desde 9,0 millones de dólares (0,60 dólares por acción) en 2023. Los desarrollos notables incluyen la obtención de contratos con una firma de inversión residencial de 1 mil millones de dólares, el inicio de la negociación en Nasdaq a través de una cotización directa en enero de 2025, y la reducción de los costos de procesamiento de datos en un 50% a través de una asociación de energía renovable en Montana.
클라우드스트럭처 (Nasdaq: CSAI)는 2024년 강력한 재무 실적을 보고했으며, 연간 수익이 125% 증가하여 140만 달러에 달했습니다. 회사는 모든 부문에서 광범위한 성장을 달성했습니다:
- 새로운 위치 30% 증가
- 클라우드 비디오 감시 구독 48% 증가
- 원격 경비 수익 404% 증가
- 하드웨어 판매 250% 증가
회사는 2024년에 40만 달러의 총 이익을 달성하며, 2023년의 10만 달러 손실에서 전환되었습니다. 순손실은 2023년의 900만 달러(주당 0.60 달러)에서 650만 달러(주당 0.45 달러)로 개선되었습니다. 주목할 만한 발전으로는 10억 달러 규모의 주거 투자 회사와 계약을 체결하고, 2025년 1월에 직접 상장으로 Nasdaq에서 거래를 시작하며, 몬태나에서 재생 가능 에너지 파트너십을 통해 데이터 처리 비용을 50% 줄인 것이 포함됩니다.
Cloudastructure (Nasdaq: CSAI) a annoncé de solides résultats financiers pour 2024, avec une augmentation de 125 % des revenus par rapport à l'année précédente, atteignant 1,4 million de dollars. L'entreprise a connu une croissance généralisée dans tous les segments :
- Nouveaux emplacements en hausse de 30 %
- Abonnements de vidéosurveillance dans le cloud en hausse de 48 %
- Revenus de surveillance à distance en hausse de 404 %
- Ventes de matériel en hausse de 250 %
L'entreprise a transformé une perte brute en un bénéfice brut de 0,4 million de dollars en 2024, contre une perte de 0,1 million de dollars en 2023. La perte nette s'est améliorée à 6,5 millions de dollars (0,45 dollar par action) contre 9,0 millions de dollars (0,60 dollar par action) en 2023. Parmi les développements notables, on trouve la signature de contrats avec une société d'investissement résidentiel de 1 milliard de dollars, le début des négociations sur le Nasdaq par le biais d'une cotation directe en janvier 2025, et la réduction des coûts de traitement des données de 50 % grâce à un partenariat en énergie renouvelable dans le Montana.
Cloudastructure (Nasdaq: CSAI) hat für 2024 starke finanzielle Ergebnisse gemeldet, mit einem Umsatzanstieg von 125% im Vergleich zum Vorjahr auf 1,4 Millionen Dollar. Das Unternehmen erzielte ein breites Wachstum in allen Segmenten:
- Neue Standorte um 30% gestiegen
- Cloud-Videoüberwachungs-Abonnements um 48% gestiegen
- Einnahmen aus Fernüberwachung um 404% gestiegen
- Hardware-Verkäufe um 250% gestiegen
Das Unternehmen verwandelte einen Bruttverlust in einen Bruttogewinn von 0,4 Millionen Dollar im Jahr 2024, verglichen mit einem Verlust von 0,1 Millionen Dollar im Jahr 2023. Der Nettoverlust verbesserte sich auf 6,5 Millionen Dollar (0,45 Dollar pro Aktie) von 9,0 Millionen Dollar (0,60 Dollar pro Aktie) im Jahr 2023. Bemerkenswerte Entwicklungen umfassen den Abschluss von Verträgen mit einer Wohnimmobilien-Investitionsfirma im Wert von 1 Milliarde Dollar, den Beginn des Handels an der Nasdaq durch ein Direct Listing im Januar 2025 und die Reduzierung der Datenverarbeitungskosten um 50% durch eine Partnerschaft im Bereich erneuerbare Energien in Montana.
- Revenue increased 125% YoY to $1.4M
- Turned gross loss into $0.4M gross profit
- Remote guarding revenue up 404%
- Hardware sales increased 250%
- Reduced data processing costs by 50%
- Operating expenses decreased significantly
- Net loss per share improved from $0.60 to $0.45
- Still operating at a net loss of $6.5M
- Cost of goods sold increased to $1.0M from $0.7M
Insights
Cloudastructure's 2024 results demonstrate meaningful financial progress with
The broad-based growth across all segments signals strong product-market fit. Particularly impressive is the
The company's direct Nasdaq listing approach was strategically sound, providing liquidity without dilutive financing. Their innovative data center relocation delivered a
Cloudastructure's AI-driven security platform is gaining market traction at an opportune moment as the surveillance industry undergoes a fundamental shift toward cloud-based, intelligence-driven solutions. Their
The strategic Montana data center migration leveraging renewable energy demonstrates technical innovation beyond their core product – reducing processing costs by
Their Alpha™ solar-powered mobile surveillance trailer, developed with RVMP®, addresses specific market gaps in hard-to-secure locations with impressive
The company's success with multifamily real estate clients, including a billion-dollar residential investment firm and a property group managing 60,000+ units, demonstrates their platform's ability to scale in regulated environments. As surveillance regulations become more complex, Cloudastructure's AI-powered compliance capabilities position them well against legacy systems that lack intelligent analysis capabilities. Their planned salesforce expansion should accelerate adoption across additional verticals where similar regulatory and security pressures exist.
Broad-Based Sales Growth: New Customers Up
AI Surveillance Platform Proves Effective, Scalable, and Regulation-Ready
PALO ALTO, CA, March 31, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) (“we,” “us,” “our,” “Cloudastructure” or the “Company”), a cloud-based video surveillance platform with artificial intelligence (“AI”) and computer vision analytics, today provided a business update and reported financial results for the year ended December 31, 2024.
“2024 marked a pivotal year for Cloudastructure as we achieved strong financial and operational milestones,” said James McCormick, Chief Executive Officer of Cloudastructure. “We increased revenue by
Demand for Cloudastructure’s AI-driven surveillance and remote guarding platform continues to grow, fueled by rising security concerns and expanding regulatory mandates in the real estate sector. In early 2025, the Company secured several high-profile contracts, including a deployment for a
In January 2025, Cloudastructure began trading its Class A common shares on the Nasdaq Capital Market through a direct listing—providing liquidity to existing shareholders without the dilution of a traditional IPO. The listing reflects the Company’s commitment to transparency, operational discipline, and long-term value creation, while enhancing visibility with public market investors.
To improve its cost structure and sustainability, Cloudastructure partnered with a crypto-mining company to transition AI hosting into a renewable energy-powered data center near Glacier Park, Montana. By leveraging low-cost hydroelectric power and naturally cool temperatures, the facility reduced data processing costs by more than
Cloudastructure also expanded its cloud video surveillance platform and market reach through strategic partnerships and innovation. In collaboration with RVMP®, the Company launched Alpha™, a solar-powered mobile surveillance trailer equipped with AI analytics, remote guarding, and real-time monitoring—delivering a
“2024 was a year of execution and transformation for Cloudastructure,” continued Mr. McCormick. “We launched new solutions, formed strategic partnerships, and expanded our footprint in key verticals. As crime rates rise and compliance requirements become more complex, our AI-powered surveillance and remote guarding platform continues to deliver real-time deterrence, scalability, and measurable ROI.”
“We entered 2025 with strong momentum and the trust of our customers. In addition, our Nasdaq direct listing marked a major milestone, boosting visibility and positioning us for accelerated growth. With a scalable platform, improving margins, and a clear path to cash flow positivity, we believe that we are well-prepared to lead the future of cloud-based AI security. Looking ahead, we remain committed to disciplined execution and building long-term shareholder value through sustainable growth and operational excellence.”
Financial Results for the Year Ended December 31, 2024
Revenue for the year ended December 31, 2024, totaled
Cost of goods sold was
Gross profit was
General and administrative expenses were
Net loss for 2024 was
The full financial results for the year ended December 31, 2024, are available in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission and accessible at: www.sec.gov, and on the Company’s website at: cloudastructure.com.
About Cloudastructure
Headquartered in Palo Alto, California, Cloudastructure’s advanced, award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary AI/ML analytics and a seamless remote guarding solution. This combination enables enterprise businesses to achieve proactive, end-to-end security while benefiting from a cost-effective model that eliminates proprietary hardware, offers contract-free month-to-month pricing, and includes unlimited 24/7 support. With Cloudastructure, companies can stop crime as it happens while achieving up to a
For more information, visit https://www.cloudastructure.com/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.
Media Contact:
Kathleen Hannon
Sr. Communications Director
Cloudastructure, Inc.
Kathleen@cloudastructure.com
(704) 574-3732
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
CSAI@crescendo-ir.com
FAQ
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