Cloudastructure Inc-A(CSAI)

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Cloudastructure Secures $2.69 Million in First-Half 2025 Contracts — Exceeds Full-Year 2024 Total by 79%
Globenewswire· 2025-07-15 13:00
274% Year-Over-Year Growth in First-Half Contracts Highlights Accelerating Adoption of AI-Powered Security and Strong Market Momentum we caution you against relying on any of these forward-looking statements. Factors that could cause or contribute to such differences include the risks and uncertainties discussed in the reports that the Company has filed with the SEC, such as its Annual Report on Form 10-K. Actual outcomes and results may differ materially from what is expressed in any forward-looking statem ...
Cloudastructure's AI and Remote Guarding Platform Achieves a More Than 98% Crime Prevention Rate Amid Rising Property Threats
Globenewswire· 2025-07-08 13:00
Core Insights - Cloudastructure's AI-driven security platform achieved a deterrence rate of over 98% for threatening activities from January to May 2025, effectively preventing incidents such as theft and trespassing before escalation [1][2][3] - The platform generated 3.28 million alerts in the first five months of 2025, with 929,019 alerts in May alone, and facilitated 13,129 live audio interventions [2][3] - The company operates in 23 U.S. states and is expanding its presence in high-need markets such as multifamily housing, commercial real estate, and construction [5][6] Company Performance - Cloudastructure's subscription-based model and proprietary AI provide a compelling alternative to traditional security solutions, especially as municipalities face shrinking police resources and rising costs for on-site security [4][6] - The company offers a scalable, end-to-end security platform that replaces outdated surveillance systems, achieving strong gross margins and recurring revenue [4][7] - The platform's proactive approach to security, which includes intelligent detection and real-time human intervention, represents a transformative shift in the industry [6][7] Market Context - The rise in property crime nationwide highlights the effectiveness of Cloudastructure's platform at a time when traditional security solutions are under pressure [2][3] - The company's technology enables clients to achieve up to a 75% lower Total Cost of Ownership compared to other systems, enhancing its value proposition [7]
Cloudastructure CEO James McCormick Featured on “The Big Biz Show”
GlobeNewswire News Room· 2025-06-30 13:00
Core Insights - Cloudastructure, Inc. is a leader in AI surveillance and remote guarding solutions, as highlighted by CEO James McCormick during an interview on "The Big Biz Show" [1][2] - The company emphasizes the integration of AI in its security solutions, which enhances the overall effectiveness and efficiency of security measures [2] - Cloudastructure's platform offers a scalable cloud-based architecture with advanced AI/ML analytics, enabling real-time situational awareness and proactive security [5] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and provides a cloud video surveillance platform that does not require proprietary hardware [5] - The company offers contract-free, month-to-month pricing and unlimited 24/7 support, making it an attractive option for enterprise businesses [5] - Cloudastructure claims that its solutions can achieve up to a 75% lower Total Cost of Ownership compared to other security systems [5] Media Presence - The interview with CEO James McCormick aired on various platforms, including cable TV, streaming services, and radio, reaching an audience in 175 countries [2] - The Big Biz Show is recognized as an Emmy Award-winning program, hosted by Bob "Sully" Sullivan, which adds credibility to the company's media presence [4]
Cloudastructure Honored with “Image Processing Solution of the Year” at the AI Breakthrough Awards for Real-Time AI Security
Globenewswire· 2025-06-25 13:50
Core Insights - Cloudastructure, Inc. has been awarded the "Image Processing Solution of the Year" at the AI Breakthrough Awards, recognizing its advancements in AI surveillance and remote guarding [1][2][5] - The company achieved a deterrence rate of over 98% for threatening activities across customer properties in 2024, showcasing its effectiveness in real-world security applications [2] Company Achievements - The award highlights Cloudastructure's leadership in real-time, proactive threat detection powered by computer vision [2][5] - The company's proprietary architecture allows for processing over 300,000 videos per hour with sub-500ms latency from input to alert, indicating high efficiency in threat detection [3][4] Technological Advantages - Cloudastructure's infrastructure is designed for high availability and real-time crime prevention, moving beyond traditional forensic investigation methods [4] - The company utilizes a deep vertical integration of AI, hardware control, and human response, creating a strategic advantage that is difficult for competitors to replicate [5][8] Operational Effectiveness - The platform is designed to be profit-focused, reducing reliance on costly third-party cloud services and maximizing GPU return on investment [8] - Cloudastructure's system is market-ready for high-liability environments, such as multifamily properties, and is scalable to accommodate rapid customer growth without compromising performance [8] Future Outlook - The recognition from the AI Breakthrough Awards validates the company's mission to create AI solutions that are technologically advanced and operationally effective, aimed at protecting people and properties from crime [5]
Cloudastructure Partners with Leading National Property Management Firm to Protect High-Profile Mixed-Use Community
Globenewswire· 2025-06-13 13:00
Core Insights - Cloudastructure, Inc. has been selected by a leading national property management firm to enhance security at a mixed-use community through its advanced AI Surveillance platform [1][2] - The property management firm is facing significant security challenges, including vehicle break-ins and unauthorized access, prompting the need for a comprehensive technology-driven solution [2] - Cloudastructure's AI-powered security platform is viewed as a foundational element for establishing new safety benchmarks across the property management firm's portfolio [3][4] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a scalable cloud-based security platform featuring cloud video surveillance and proprietary AI/ML analytics [5] - The platform provides proactive, end-to-end security with a value proposition that includes contract-free, month-to-month pricing and 24/7 support [5] - Companies utilizing Cloudastructure's solutions can achieve up to a 75% lower Total Cost of Ownership compared to other systems [5]
Cloudastructure Inc. to Present at Maxim Group's “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,” June 3rd –June 5th
GlobeNewswire News Room· 2025-06-02 13:00
Company Highlights - Cloudastructure, Inc. has been invited to present at the "2025 Virtual Tech Conference" hosted by Maxim Group LLC, with a fireside chat scheduled for June 4, 2025 [1] - Since its Nasdaq listing in January 2025, Cloudastructure reported a 212% year-over-year increase in revenue for Q1 2025, achieved a positive gross profit, and secured its largest contract in the luxury multifamily sector [3] - The company has expanded into the HUD and affordable housing markets through partnerships with nonprofit housing providers and has entered the construction industry with the launch of its Alpha™ mobile surveillance trailer [3] - Cloudastructure's security platform features a scalable cloud-based architecture with AI/ML analytics, offering a lower Total Cost of Ownership by up to 75% compared to other systems [6] Industry Context - The 2025 Virtual Tech Conference will explore the impact of emerging technologies such as Quantum Computing and Artificial Intelligence across various industries, including healthcare, drones, consumer IoT, and gaming [2] - The conference aims to facilitate discussions between senior analysts and CEOs of growth companies, focusing on technology's role in business expansion [2]
Cloudastructure Expands Presence in HUD and Affordable Housing Markets; Adds Remote Guarding Across Four Mixed-Income Communities
Globenewswire· 2025-05-28 13:00
PALO ALTO, CA, May 28, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ("we," "us," "our," "Cloudastructure" or the "Company") a recognized leader in AI surveillance and remote guarding solutions today announced that four multifamily communities operated by a respected Colorado-based nonprofit housing authority have chosen Cloudastructure as their security partner. This represents a continued expansion into HUD Housing Choice and affordable housing programs, further strengthening Cloudastructu ...
Cloudastructure Expands into Construction Market with Initial Sales of Mobile Surveillance Trailer Alpha™
Globenewswire· 2025-05-21 13:00
Core Insights - Cloudastructure has made its first sale of the Mobile Surveillance Trailer Alpha™, marking its entry into the construction sector and expanding its total addressable market (TAM) [1][5] - The company’s AI-powered mobile surveillance solutions are designed to address the growing concerns of theft and vandalism in high-risk job sites, particularly in the construction industry [1][4] Company Developments - The customer, a national contractor in renewable energy, selected Cloudastructure for its reliable live monitoring capabilities, which outperformed their previous provider [2] - The Mobile Surveillance Trailer Alpha™ offers features that are critical for installations in rural areas, including rapid response capabilities [2] Industry Context - Construction site theft is a significant issue, with annual losses estimated between $300 million and $1 billion, and recovery rates for stolen equipment are below 25% [3] - As insurance companies increase scrutiny and premiums for at-risk sites, there is a growing demand for smarter security solutions [4] Product Features - Cloudastructure's mobile surveillance trailer provides 24/7 protection with AI detection and human intervention, achieving a 98% deterrence rate [4] - The platform offers a centralized cloud-based portal for managing surveillance across multiple sites, along with features like real-time AI threat detection and proactive remote guarding [6][7] Market Positioning - The sale of the Mobile Surveillance Trailer Alpha™ validates the demand for flexible, mobile surveillance solutions in underserved markets [5] - Cloudastructure aims to capture market share through its high-margin, recurring revenue model, especially as costs related to theft and insurance continue to rise [5]
Cloudastructure Inc-A(CSAI) - 2025 Q1 - Quarterly Results
2025-05-15 13:00
Financial Results Announcement - Cloudastructure, Inc. announced its financial results for the quarter ended March 31, 2025[5]. - The press release detailing the financial results was issued on May 15, 2025[5]. - No specific financial metrics or performance indicators were disclosed in the provided content[5]. - The document does not include any information on user data, future outlook, or new product developments[5]. Company Classification and Listing - The company is classified as an emerging growth company under the Securities Act[4]. - The trading symbol for Cloudastructure, Inc. is CSAI, listed on the Nasdaq Capital Market[3]. Corporate Information - The principal executive office is located at 228 Hamilton Road, Palo Alto, California[1]. - The report was signed by Greg Smitherman, Chief Financial Officer[13]. - The filing includes an interactive data file with embedded XBRL tags[8]. Financial Standards - The company has not elected to use the extended transition period for new financial accounting standards[4].
Cloudastructure Kicks Off 2025 with 212% Q1 Revenue Surge and Major Contract Wins
Globenewswire· 2025-05-15 13:00
Core Insights - Cloudastructure, Inc. reported a significant revenue increase of 212% year-over-year for Q1 2025, reaching $0.7 million, marking a strong start as a publicly-traded company [10][12] - The company achieved a positive gross profit of $0.3 million, a notable improvement from a gross loss of $17 thousand in Q1 2024 [12] - Cloudastructure secured its largest contract in history within the luxury multifamily segment, indicating strong demand for its AI-driven surveillance solutions [3][4] Revenue Growth and Market Expansion - The demand for Cloudastructure's AI-driven surveillance and remote guarding platform accelerated, driven by rising crime rates and the need for proactive security measures [2][9] - The company expanded its reach into the affordable housing sector through a partnership to implement cloud surveillance services in high-density communities [4] - National property management firms increased their use of Cloudastructure's platform across luxury apartment portfolios, reflecting a trend towards intelligent surveillance systems [5] Innovation and Infrastructure - Cloudastructure transitioned its AI hosting operations to a renewable energy-powered data center, significantly reducing processing costs and enhancing compliance with energy regulations [6] - The launch of Alpha™, a solar-powered, AI-enabled mobile surveillance trailer, showcases the company's commitment to innovation in security solutions [7] Financial Performance - Cost of goods sold increased to $0.4 million, but the company benefited from a 30% reduction in hosting and data center bandwidth costs due to its infrastructure transition [11] - Despite a net loss of $2.5 million for the quarter, attributed to higher operating expenses, the company remains focused on sustainable growth and operational efficiency [12][13] Customer and Service Metrics - The company reported a 38% increase in the number of customer locations serviced and a 79% rise in cloud video surveillance subscriptions [18] - Remote guarding revenue surged by 164%, while hardware sales increased by 241%, indicating strong demand across various service offerings [18]