Company Overview - Amesite Inc. is a technology company focused on AI-driven solutions for both B2C and B2B markets, recently generating revenue in the home care market [1][6]. Industry Insights - The home care sector faces critical challenges such as staff turnover, documentation requirements, and operational costs, with approximately 77% of home care clients in the U.S. being turned away due to workforce and resource limitations [2]. - There are about 33,000 home care and hospice organizations in the U.S., employing roughly 1.4 million workers in 2023 [3]. - The aging population in the U.S. is projected to increase the demand for home-based elder care significantly, with the number of Americans living with Alzheimer's disease expected to rise from 6 million today to over 13 million by 2050 [3]. Company Solutions - Amesite's AI platform provides real-time support for all levels of staff in home care agencies, enhancing workflow efficiency and employee retention by reducing administrative burdens [5]. - The company claims to deliver a 15X return on investment (ROI) for its solutions, with significant interest from independently-owned agencies and franchisees participating in pilot agreements [4]. Market Potential - The urgent need for growth in the home care sector is constrained by workforce shortages and high operational costs, making AI-driven efficiency tools essential [3][5]. - The transition from pilot phases to trial usage of Amesite's solutions indicates a strong market interest and potential for broader corporate adoption [4].

DETROIT, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today its Founder and CEO, Dr. Ann Marie Sastry, was featured as a guest speaker at the Lesher Foundation's Newsmakers: 24/25 Season on October 24, 2024, following Former U.S. Representative Liz Cheney, Former World #1 Tennis Player and Founder of Chris Evert Charities, Chris Evert, Host of CNN's Smerconish and Bes ...

Core Insights - Amesite Inc. has launched NurseMagic, an app designed for various healthcare professions, allowing enterprises to provide customized features for employees across different roles with a single paid subscription [1][4] - The long-term care market, which includes skilled nursing, home health care, and assisted living, is valued at over $490 billion, highlighting significant opportunities for NurseMagic in addressing industry challenges [2] - NurseMagic simplifies the user experience by offering tailored functionalities, reducing the complexity often associated with traditional electronic health record systems [3][4] Company Overview - Amesite Inc. specializes in AI-driven solutions for both B2C and B2B markets, including a higher education platform for professional learning [5] - The company aims to enhance healthcare professionals' efficiency through NurseMagic, which streamlines nursing documentation and improves patient communication [5] Market Context - The healthcare industry faces high turnover rates, with 80% of employees leaving within their first 100 days, leading to significant replacement costs estimated at over $420,000 annually for agencies with 100 workers [2] - There is an anticipated demand for over 700,000 job openings for home health and personal care aides each year over the next decade, indicating a growing need for effective workforce solutions [2]

DETROIT, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today the release of its 2025 Home Health Care Outlook report. The report provides an analysis of the current state of home health care and insights for organizations seeking to navigate the challenges and opportunities in 2025. Brandon Owens, VP of Sales at Amesite, said, “As home health care organizations enter b ...

DETROIT, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today that the company’s NurseMagic™ app is available in the App Store. Within days of launch in the App Store the app reached #33 in free medical/healthcare app tools. Launch of NurseMagic™ in Google Play Store quickly followed, and users can now download free versions of the app on either iPhone or Android device ...

Financial Performance - The company generated revenues of $166,881 for the year ended June 30, 2024, a decrease from $845,009 for the year ended June 30, 2023, primarily due to a pivot towards growing the customer base while reducing risk and losses [144]. - The net loss for the year ended June 30, 2024, was $4,403,182, compared to a net loss of $4,153,303 for the year ended June 30, 2023, reflecting an increase in loss of $249,879 primarily due to Board Compensation [151]. - General and administrative expenses increased to $2,908,289 for the year ended June 30, 2024, from $2,492,777 in the previous year, an increase of $415,512 [147]. - Technology and content development expenses decreased to $1,074,000 for the year ended June 30, 2024, from $1,523,547 in the previous year, a reduction of $449,219 [149]. - Sales and marketing expenses decreased to $763,915 for the year ended June 30, 2024, from $1,053,193 in the previous year, a decrease of $289,278 [150]. - The company has a history of net losses and negative cash flows from operating activities since inception and expects to continue incurring net losses in the foreseeable future [156]. Cash and Financing - The company has raised net proceeds of approximately $11.76 million from private placement financing transactions from November 14, 2017, to September 30, 2020 [154]. - On September 25, 2020, the company completed an offering of 250,000 shares at $60.00 per share, resulting in total net proceeds of approximately $12.8 million [154]. - The company closed a public offering on September 1, 2022, raising approximately $1.85 million from the sale of 348,485 shares of common stock [156]. - The company sold 63,260 shares to Lincoln Park for a total purchase price of $1.5 million under a purchase agreement dated August 2, 2021 [155]. - The company issued 12,726 shares to Lincoln Park as consideration for its commitment to purchase common stock [155]. - The company may sell up to $16.5 million of shares of common stock under the purchase agreement with Lincoln Park, depending on sales frequency and share prices [155]. Cash Position and Future Outlook - As of June 30, 2024, the company's cash balance totaled $2,171,016 [156]. - Management believes it will have sufficient cash and cash equivalents to maintain planned operations for the next twelve months, but there is uncertainty regarding this forecast [129]. - The company is developing its customer base but has not established a stabilized source of revenue sufficient to cover its expenses [156]. - The company is not currently profitable and has incurred a total net loss of $(37,833,501) since its incorporation on November 14, 2017, through June 30, 2024 [128]. Customer Concentration - Five customers comprised approximately 97% of total revenue for the year ended June 30, 2024, compared to 84% for the year ended June 30, 2023 [140]. Regulatory Classification - The company is classified as a "smaller reporting company" and is not required to provide certain market risk disclosures [157].

DETROIT, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced today the launch of pilot programs in five (5) home health agencies and skilled nursing facilities across the U.S. Collectively, these companies and their franchisees have over 30,000 employees, ranging in professions from clinical officers, CMPs, CNSs, NPs, RNs, Pediatric RNs, PTs, OTs, LVNs/LPNs, CNAs, NAs, Home ...

Influencer Nurse Hailey Touts NurseMagic™, Demonstrating Utility in Answering Technical Questions, Reducing Nurses’ Stress, Improving Documentation DETROIT, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a pioneering technology company specializing in the development and marketing of B2C and B2B AI-driven solutions, announced a 27% increase in users following release of social media videos (TikTok and Instagram) created through its engagement with influencer Nurse Hailey. Nurse Hailey has o ...

Core Insights - Amesite Inc. has entered into an agreement with Maricopa Corporate College to provide professional learning programs, marking a significant expansion in its educational partnerships [1][2] - This agreement represents the seventh college to adopt the Amesite LCE platform, which collectively serves over 200,000 learners annually across various states [1][2] Company Overview - Amesite Inc. specializes in AI-driven solutions for both B2C and B2B markets, including a higher education platform for professional learning [4] - The company has launched applications such as NurseMagic™, which aids nurses in documentation and patient care, and Preacto™, a personal safety app for emergency situations [4] Industry Context - Maricopa Community College District is one of the largest community college systems in the U.S., enrolling over 140,000 students each year and contributing $7.9 billion to Arizona's economy [2][3] - The district plays a crucial role in workforce development, producing a significant number of college graduates and creating 1 out of every 28 jobs in Maricopa County [2][3]

DETROIT, July 29, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announced substantial growth in the user base of its app, NurseMagicTM, across all fifty (50) U.S. states and six (6) nations, within only eight (8) weeks of its public launch on June 5, following a period of availability as a gated beta product. NurseMagicTM is now delivering all key types of documentation, tr ...