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]

Core Insights - Cloudastructure, Inc. has been selected as the security partner for four multifamily communities operated by a Colorado-based nonprofit housing authority, marking an expansion into HUD Housing Choice and affordable housing programs [1][2] - The communities have faced security challenges such as loitering and illegal dumping, prompting the adoption of Cloudastructure's AI-powered Remote Guarding solution for proactive threat deterrence and real-time intervention [2][5] - The implementation of the Remote Guarding solution is expected to deter 98% of all threatening activity, showcasing the effectiveness of Cloudastructure's technology [5] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a cloud-based security platform that integrates AI/ML analytics with video surveillance, providing a scalable and cost-effective security solution [3] - The company emphasizes a lower Total Cost of Ownership, claiming up to 75% savings compared to other systems, and offers contract-free, month-to-month pricing with 24/7 support [3] Commitment to Affordable Housing - Cloudastructure has provided special pricing to the nonprofit housing authority to enhance safety and compliance in underserved neighborhoods, demonstrating a commitment to affordable housing initiatives [5] - Two of the four properties will utilize Cloudastructure's new financing program, allowing for improved security without significant upfront costs [5]

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]

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].

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]

Revenue Growth - Total revenue increased by $501,148, or 212%, from $236,677 for the three months ended March 31, 2024, to $737,825 for the same period in 2025, driven by a 38% increase in locations using services[99]. - Cloud video surveillance subscriptions increased by 79%, remote guarding increased by 164%, hardware sales increased by 241%, and installation labor sales increased by 397% compared to the same period in 2024[99]. Expenses - Cost of goods sold increased by $154,242, or 61%, from $253,232 for the three months ended March 31, 2024, to $407,473 for the same period in 2025[103]. - General and administrative expenses increased by 114% for the three months ended March 31, 2025, primarily due to a one-time bonus of $323,000 paid to employees[107]. - Research and development expenses increased by 71% for the three months ended March 31, 2025, with payroll increasing by $237,000 due to a one-time bonus[108]. Net Loss - Net loss for the three months ended March 31, 2025, was $2.5 million, compared to a net loss of $1.7 million for the same period in 2024, representing a 46% increase in loss[111]. Cash Position - Cash and cash equivalents at the end of the period were $6.845 million for the three months ended March 31, 2025, compared to $(1.028) million for the same period in 2024[115]. - Net cash provided by financing activities was $9.4 million for the three months ended March 31, 2025, compared to approximately $0 for the same period in 2024[120]. - As of March 31, 2025, the company had approximately $6.9 million in cash and $6.8 million in working capital, expecting current cash to fund operations through at least Q1 2026[126]. Future Outlook - The company anticipates entering additional markets in 2025 and 2026, focusing on expanding its customer base in the property management space[89]. - The company expects to incur additional losses for the foreseeable future as it continues to expand and develop new products and services[125]. - The company has an accumulated deficit of approximately $43.4 million as of March 31, 2025, and expects to continue incurring operating losses and negative cash flows for the foreseeable future[128]. - The Series 2 Purchase Agreement and Equity Purchase Agreement may provide necessary funding for the next 12 months, but their execution is subject to conditions beyond the company's control[127]. Financial Management - The company has a planning and budgeting process to monitor operating cash requirements, including capital expenditures, general and administrative costs, and public company operating costs[129]. - Contractual obligations primarily relate to operating lease obligations, capital lease obligations, and insurance obligations, which are generally terminable after a notice period[130]. - The company does not have any long-term debt or significant long-term liabilities as of the reporting period[131]. Regulatory Status - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to take advantage of certain reporting exemptions[133]. - The company has elected to use an extended transition period for complying with new accounting standards, which may affect the comparability of its financial statements[134]. - The company is not required to provide certain disclosures related to executive compensation due to its status as an emerging growth company[138]. - The company evaluates its accounting estimates and assumptions on an ongoing basis, which may impact reported amounts of assets, liabilities, revenue, and expenses[140].

Core Insights - Cloudastructure, Inc. has secured its largest customer contract in history with a premier global real estate investment firm, marking a significant milestone in the company's growth trajectory [1][3] - The client is a leader in luxury multifamily development, and Cloudastructure will provide AI-powered surveillance solutions for a flagship Class-A high-rise property in Houston, Texas [2][3] - The agreement highlights the increasing demand for cloud-based, AI-driven surveillance solutions in the real estate sector, with Cloudastructure deploying a full suite of security solutions for 24/7 monitoring and real-time threat response [3][4] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a scalable cloud-based security platform featuring advanced AI/ML analytics and remote guarding solutions [5] - The company's platform allows for proactive, end-to-end security, with a value proposition that includes contract-free, month-to-month pricing and unlimited 24/7 support [5] - Cloudastructure claims to achieve up to a 75% lower Total Cost of Ownership compared to other systems, enhancing situational awareness and crime prevention [5] Industry Trends - The contract signifies a shift in the real estate industry's approach to physical security, moving from traditional CCTV and guards to scalable, AI-driven solutions [4] - There is rising investor confidence in AI-powered surveillance technologies, particularly among institutional owners managing Class A and B assets [4] - The deployment of intelligent surveillance is becoming critical in luxury real estate, reinforcing the importance of advanced security measures in high-end developments [2][4]

Core Insights - Cloudastructure, Inc. has partnered with a leader in affordable housing to enhance security in multifamily communities in Atlanta, marking the first phase of a nationwide security modernization initiative [1][5] - The affordable housing sector, with over 11 million renter households in the U.S., is under pressure to ensure safety and operational efficiency while managing limited resources [2] - Cloudastructure's AI Surveillance platform offers real-time detection and deterrence, achieving a 97% average deterrence rate since 2023, reducing reliance on on-site guards and liability claims [3] Company Overview - Cloudastructure's platform utilizes a scalable cloud-based architecture featuring AI/ML analytics and remote guarding solutions, enabling proactive security and a lower Total Cost of Ownership by up to 75% compared to other systems [6] - The company aims to address the underserved affordable housing market within the $3.5 trillion U.S. multifamily industry, presenting opportunities for PropTech solutions that enhance security and operational efficiency [5]

CEO James McCormick Named Maverick of the Year; Management Team Wins Gold for Achievement in Management PALO ALTO, CA, April 24, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ("we," "us," "our," "Cloudastructure" or the "Company") Cloudastructure, the groundbreaking AI surveillance company transforming property security, is proud to announce that CEO James McCormick has been awarded the Silver Stevie for Maverick of the Year in Business Services at the 2025 American Business Awards. In addit ...

Core Insights - Cloudastructure, Inc. has secured an additional $3 million investment from an existing institutional investor through Series 2 Convertible Preferred Stock to support its expansion and advancement of AI-powered security solutions [1][3] - The Series 2 Convertible Preferred Stock was issued at a price of $1,000 per share, carrying a 9.5% annual preferred return and is convertible into Class A common stock under specified terms [2] - This investment follows a successful $4.5 million raise last month, reinforcing the momentum generated after the company's direct listing on the Nasdaq Capital Market [3] Company Overview - Cloudastructure is a leading provider of cloud video surveillance solutions, utilizing AI and machine learning analytics for real-time monitoring and incident response [4][6] - The company's security solutions are applicable across various sectors, including commercial real estate, education, healthcare, and government, significantly improving security outcomes while reducing total cost of ownership [4][6] - Cloudastructure's platform offers a cost-effective model that eliminates proprietary hardware, provides contract-free month-to-month pricing, and includes unlimited 24/7 support, achieving up to a 75% lower Total Cost of Ownership compared to other systems [6]