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Cloudastructure Secures Second Houston Luxury High-Rise with Ownership Group
Globenewswire· 2025-10-06 13:00
Core Insights - Cloudastructure, Inc. has secured a major contract to provide AI surveillance and remote guarding for a luxury high-rise in downtown Houston, covering over 400,000 square feet and valued in the hundreds of millions [1][2] - The company's AI/ML video analytics and Remote Guarding platform have demonstrated a crime deterrence rate of up to 98% and a reduction in physical guard costs by as much as 40% [2] - The integration of AI surveillance into luxury properties is seen as a way to enhance security as a luxury amenity, appealing to both residents and investors [2][3] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a cloud-based security platform featuring advanced AI/ML analytics and remote guarding solutions [4] - The company's platform allows for proactive, end-to-end security and offers a lower Total Cost of Ownership by up to 75% compared to other systems [4] Performance Metrics - The first high-end location using Cloudastructure's solution has reported a significant reduction in security issues, including loitering and trespassing, with over 50 incidents addressed in just two months [3] - The CEO emphasized that integrating AI surveillance into luxury properties helps reduce liability and operational costs while enhancing competitive positioning and brand reputation [3]
Cloudastructure Launches MotionGi to Redefine Video Processing Efficiency
Globenewswire· 2025-09-19 13:00
Core Insights - Cloudastructure, Inc. has launched MotionGi, a new video processing technology that significantly reduces bandwidth requirements and CPU utilization, allowing for more cameras per unit and lowering deployment costs [1][2][5] - MotionGi has shown a 50% reduction in bandwidth consumption during field tests while improving video clarity and ensuring uninterrupted motion capture, enhancing reliability for crime deterrence and incident response [2] - The technology is built on advanced platforms like NVIDIA Jetson Orin, setting the stage for future AI-driven capabilities such as edge-based computer vision and faster event response times [4][5] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and offers a scalable cloud-based security platform that integrates AI/ML analytics and remote guarding solutions, enabling proactive security for enterprise businesses [6] - The company claims its system can achieve up to a 75% lower Total Cost of Ownership compared to other security systems, providing an attractive value proposition with contract-free pricing and 24/7 support [6]
Cloudastructure Launches Financing Partnership to Accelerate AI Surveillance Deployment, and Expand Portfolio-Wide Security Modernization
Globenewswire· 2025-09-11 13:00
Core Insights - Cloudastructure has announced a new financing partnership aimed at making its AI Surveillance and Remote Guarding platform more accessible to property management companies, thereby enhancing its financial strength and growth trajectory [1][4]. Group 1: Lowering Barriers to Entry - The upfront costs associated with technology transformation can hinder property managers from adopting AI Surveillance and Remote Guarding solutions, especially those still using legacy systems [2]. - The new financing agreement allows clients to access AI Surveillance, security cameras, and remote guarding services with flexible payment structures, effectively removing financial barriers to adoption [2][8]. - Early results indicate that one property management provider utilized financing to implement a portfolio-wide deployment, resulting in three new contracts and accelerated revenue growth [3]. Group 2: Strengthening Growth Profile - The financing model reduces sales friction and provides a scalable path for Cloudastructure's expansion across multifamily, commercial real estate, and enterprise markets [4][9]. - The partnership is expected to enhance Cloudastructure's market penetration at a crucial time, as demand for AI-driven surveillance solutions is increasing due to rising liability pressures and tenant safety expectations [5]. Group 3: Company Vision and Value Proposition - Cloudastructure's CEO emphasized the importance of real-time security solutions that can deter up to 98% of threats, highlighting the need for modernization in security to protect properties [6]. - The company’s platform offers a cloud-based architecture with advanced AI/ML analytics, enabling proactive security measures while providing a lower Total Cost of Ownership by up to 75% compared to other systems [7]. - The financing initiative eliminates high upfront costs for property management companies, expands access to projects exceeding $100,000, and accelerates customer adoption by allowing payment spread over time [8].
Cloudastructure to Present at the H.C. Wainwright 27th Annual Global Investment Conference
Globenewswire· 2025-09-02 13:00
Core Points - Cloudastructure, Inc. will participate in the 27th Annual H.C. Wainwright Global Investment Conference from September 8 to September 10, 2025 [1] - The company's presentation will be available on-demand starting September 8, 2025, at 7:00 AM Eastern Time [2] - Management will hold one-on-one meetings with qualified investors during the conference [3] Company Overview - Cloudastructure is headquartered in Palo Alto, California, and is recognized for its advanced AI Surveillance and Remote Guarding platform [4] - The company's security platform features a scalable cloud-based architecture with cloud video surveillance and proprietary AI/ML analytics, offering a contract-free, month-to-month pricing model [4] - Cloudastructure claims to provide up to a 75% lower Total Cost of Ownership compared to other systems, enabling real-time situational awareness and proactive crime prevention [4]
Cloudastructure Inc-A(CSAI) - Prospectus(update)
2025-08-18 19:40
Table of Contents As filed with the Securities and Exchange Commission on August 18, 2025 Registration No. 333-288637 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Cloudastructure, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 7370 87-0690564 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer ...
Cloudastructure Inc-A(CSAI) - 2025 Q2 - Quarterly Report
2025-08-14 20:18
[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section provides the unaudited condensed financial statements and management's discussion and analysis for the company [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed financial statements for Cloudastructure, Inc., including balance sheets, statements of operations, shareholders' equity, and cash flows, along with detailed notes explaining the company's accounting policies, financial performance, capital structure, and related party transactions for the periods ended June 30, 2025, and December 31, 2024 [Condensed Unaudited Balance Sheets](index=3&type=section&id=Condensed%20Unaudited%20Balance%20Sheets) This section presents the company's financial position, detailing assets, liabilities, and stockholders' equity at specific reporting dates Balance Sheet Highlights (in thousands) | Item | June 30, 2025 | December 31, 2024 | | :-------------------------- | :------------ | :---------------- | | **ASSETS** | | | | Cash and cash equivalents | $7,733 | $52 | | Total current assets | $8,864 | $535 | | TOTAL ASSETS | $9,062 | $615 | | **LIABILITIES AND STOCKHOLDERS' DEFICIT** | | | | Total current liabilities | $1,002 | $1,118 | | TOTAL LIABILITIES | $1,002 | $1,118 | | TOTAL STOCKHOLDERS' EQUITY | $8,060 | $(503) | | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $9,062 | $615 | - Total assets **increased significantly** from **$615 thousand** at December 31, 2024, to **$9,062 thousand** at June 30, 2025, primarily driven by a substantial increase in cash and cash equivalents[10](index=10&type=chunk) - Stockholders' equity **shifted from a deficit of $(503) thousand** at December 31, 2024, to a **positive $8,060 thousand** at June 30, 2025[10](index=10&type=chunk) [Condensed Unaudited Statements of Operations](index=4&type=section&id=Condensed%20Unaudited%20Statements%20of%20Operations) This section outlines the company's revenues, expenses, and net loss for the reported interim periods Statements of Operations Highlights (in thousands) | Item | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenues | $1,090 | $297 | $1,828 | $533 | | Gross profit (loss) | $404 | $108 | $734 | $92 | | Total operating expenses | $2,324 | $1,852 | $5,091 | $3,455 | | Loss from operations | $(1,921) | $(1,743) | $(4,356) | $(3,363) | | Net loss | $(2,011) | $(1,852) | $(4,564) | $(3,569) | | Basic and diluted (loss) per share | $(0.14) | $(0.13) | $(0.31) | $(0.26) | - Revenues for the three months ended June 30, 2025, **increased by 267%** to **$1,090 thousand** from **$297 thousand** in the prior year period[12](index=12&type=chunk) - Net loss for the six months ended June 30, 2025, **increased by 27%** to **$(4,564) thousand** from **$(3,569) thousand** in the prior year period[12](index=12&type=chunk) [Condensed Unaudited Statements of Shareholders' Equity (Deficit)](index=5&type=section&id=Condensed%20Unaudited%20Statements%20of%20Shareholders'%20Equity%20(Deficit)) This section details changes in the company's equity, including additional paid-in capital and accumulated deficit Shareholders' Equity (Deficit) Highlights (in thousands) | Item | Balance as of Dec 31, 2024 | Balance as of June 30, 2025 | | :-------------------------- | :------------------------- | :-------------------------- | | Additional paid-in capital | $40,351 | $53,478 | | Accumulated deficit | $(40,856) | $(45,420) | | Total Shareholders' Equity (Deficit) | $(503) | $8,060 | - Total Shareholders' Equity (Deficit) **improved significantly** from a **deficit of $(503) thousand** at December 31, 2024, to a **positive $8,060 thousand** at June 30, 2025, primarily due to issuances of Class A, Class B, and Preferred shares, net of issuance costs, and stock-based compensation[19](index=19&type=chunk) - Additional paid-in capital **increased by $13,127 thousand** during the six months ended June 30, 2025[19](index=19&type=chunk) [Condensed Unaudited Statements of Cash Flows](index=7&type=section&id=Condensed%20Unaudited%20Statements%20of%20Cash%20Flows) This section reports the cash inflows and outflows from operating, investing, and financing activities Cash Flow Highlights (in thousands) | Item | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Net Cash Used in Operating Activities | $(4,306) | $(2,274) | | Net Cash Used in Investing Activities | $(150) | $(16) | | Net Cash Provided by Financing Activities | $12,137 | $(51) | | Net Change in Cash | $7,681 | $(2,341) | | Cash at End of Period | $7,733 | $1,701 | - Net cash provided by financing activities **significantly increased to $12,137 thousand** for the six months ended June 30, 2025, compared to **$(51) thousand** in the prior year, primarily from preferred share issuances[23](index=23&type=chunk) - Net cash used in operating activities **increased to $(4,306) thousand** for the six months ended June 30, 2025, from **$(2,274) thousand** in the prior year[23](index=23&type=chunk) [Notes to Unaudited Condensed Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) These notes provide essential context to the unaudited condensed financial statements, detailing the company's nature of operations, significant accounting policies (including revenue recognition and goodwill impairment), capital structure changes from equity financings, related party transactions, and subsequent events. Key updates include substantial capital raises from preferred stock sales and an equity line, and the establishment of an India subsidiary for remote guarding - **Note 1 - Nature of Operations:** Cloudastructure, Inc. is a technology service provider focused on intelligent devices and software for physical security applications, primarily funded through financing activities since its formation in 2003[25](index=25&type=chunk) - **Note 2 – Summary of Significant Accounting Policies:** The company operates as an "emerging growth company" and has elected an extended transition period for new accounting standards. Revenue is recognized when control of goods/services is obtained, with subscription revenue recognized ratably. A **$1.67 million goodwill impairment loss** was recorded in Q4 2023 due to underutilization of acquired assets. Recent equity financings (Series 1 & 2 Preferred, Equity Line) are expected to provide sufficient liquidity for at least one year[29](index=29&type=chunk)[45](index=45&type=chunk)[47](index=47&type=chunk)[53](index=53&type=chunk) - **Note 3 – Basic and Diluted Loss Per Share:** Basic and diluted loss per share was **$(0.31)** for the six months ended June 30, 2025, compared to **$(0.26)** for the same period in 2024. Approximately **16.1 million** (2025) and **14.3 million** (2024) potentially dilutive shares were excluded due to their antidilutive effect[12](index=12&type=chunk)[57](index=57&type=chunk) - **Note 4 – Share Capital:** The company raised **$6.3 million** from Series 1 Preferred Stock and Class A common stock sales (Jan 2025) and an additional **$7.5 million** from Series 2 Preferred Stock sales (March/April 2025) to Streeterville Capital. An Equity Line with Atlas Sciences allows for up to **$50.0 million** in Class A common stock purchases. Stock option activity for Q2 2025 included **562,500 grants** and **415,015 cancellations**[60](index=60&type=chunk)[61](index=61&type=chunk)[63](index=63&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk) - **Note 5 – Related Party Transactions:** Transactions include an aircraft dry lease with Cloud Transport Operations LLC and a data center lease with Hydro Hash, Inc., both involving the company's founder and former CEO, Rick Bentley. The aircraft lease was canceled on March 25, 2025[69](index=69&type=chunk)[71](index=71&type=chunk) - **Note 6 – Reverse Stock Split:** A **1-for-6 reverse stock split** was effected on October 24, 2024, with all share and per share information presented retrospectively[72](index=72&type=chunk) - **Note 7 – Segment Reporting:** The company operates as a single operating segment focused on cloud-based AI video surveillance and remote guarding security services, with the CEO as the chief operating decision-maker[73](index=73&type=chunk) - **Note 8 – Subsequent Events:** Post-June 30, 2025, the company issued additional Series 2 Preferred shares as dividend payments and is establishing a wholly-owned subsidiary in India to manage remote guarding operations directly[75](index=75&type=chunk)[76](index=76&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on the company's financial condition and operational results, highlighting significant revenue growth driven by increased customer acquisition in AI video surveillance and remote guarding. It details the components of revenue and expenses, analyzes the financial performance for the three and six months ended June 30, 2025, compared to 2024, and discusses liquidity, capital resources, and the company's status as an emerging growth company [Overview](index=18&type=section&id=Overview) This section introduces the company's core business of cloud-based AI video surveillance and remote guarding services - Cloudastructure, Inc. provides cloud-based AI video surveillance and Remote Guarding services, built on AI and machine learning platforms[86](index=86&type=chunk) - The company has contracts with **five of the top 10 property management companies** and is focused on expanding within existing customer locations and acquiring new ones in the property management (proptech) space[87](index=87&type=chunk) - Remote Guarding services deterred over **98% of threatening activity** for customers through the first six months of 2025, leveraging AI for proactive crime prevention[88](index=88&type=chunk) [Components of Results of Operations](index=18&type=section&id=Components%20of%20Results%20of%20Operations) This section details the primary sources of revenue and the categories of costs and operating expenses - Net revenues primarily consist of subscriptions to cloud video surveillance and remote guarding, hardware sales, and installation services[89](index=89&type=chunk) - Revenue recognition for subscriptions is ratable, hardware sales are recognized at delivery, and installation services upon completion[92](index=92&type=chunk) - Cost of goods sold includes hosting, equipment, installation, and operations department costs, while operating expenses cover general & administrative, research & development, and sales & marketing[93](index=93&type=chunk)[94](index=94&type=chunk) [Results of Operations](index=19&type=section&id=Results%20of%20Operations) This section analyzes the company's financial performance, including revenue, gross profit, and net loss, for the reported periods - **Three Months Ended June 30, 2025 vs. 2024:** * **Total Revenue:** **Increased by 267%** to **$1,090,188** (2025) from **$296,777** (2024), driven by a **58% increase in customers** * **Gross Profit:** **Increased by 273%** to **$402,698** (2025) from **$108,192** (2024) * **Net Loss:** **Increased by 9%** to **$2.0 million** (2025) from **$1.85 million** (2024)[96](index=96&type=chunk)[104](index=104&type=chunk) Revenue by Service Line (Three Months Ended June 30, in thousands) | Service Line | 2025 ($) | 2024 ($) | Change (%) | | :----------------------------- | :------- | :------- | :--------- | | Cloud Video Surveillance | 151 | 65 | 133% | | Remote Guarding | 138 | 55 | 151% | | Hardware | 455 | 47 | 863% | | Other (installation, door subscriptions, etc.) | 347 | 130 | 167% | | **Total** | **1,090** | **297** | **267%** | - **Six Months Ended June 30, 2025 vs. 2024:** * **Total Revenue:** **Increased by 243%** to **$1,828,013** (2025) from **$533,454** (2024), due to a **60% increase in customers** * **Gross Profit:** **Increased by 701%** to **$734,112** (2025) from **$91,637** (2024) * **Net Loss:** **Increased by 27%** to **$4.6 million** (2025) from **$3.6 million** (2024)[105](index=105&type=chunk)[114](index=114&type=chunk) Revenue by Service Line (Six Months Ended June 30, in thousands) | Service Line | 2025 ($) | 2024 ($) | Change (%) | | :----------------------------- | :------- | :------- | :--------- | | Cloud Video Surveillance | 267 | 129 | 106% | | Remote Guarding | 243 | 95 | 157% | | Hardware | 766 | 138 | 454% | | Other (installation, door subscriptions, etc.) | 553 | 171 | 223% | | **Total** | **1,828** | **533** | **243%** | - Operating expenses for the six months ended June 30, 2025, **increased by 47%** to **$5,091 thousand** from **$3,455 thousand** in the prior year, primarily due to increased payroll (including one-time bonuses), insurance costs, and marketing expenses[109](index=109&type=chunk)[110](index=110&type=chunk)[112](index=112&type=chunk) [Off-Balance Sheet Arrangements](index=22&type=section&id=Off-Balance%20Sheet%20Arrangements) This section confirms the absence of any material off-balance sheet arrangements impacting the company's financial condition - As of the report date, the company has **no off-balance sheet arrangements** that are reasonably likely to have a material current or future effect on its financial condition, revenues, results of operations, liquidity, capital expenditures, or capital resources[115](index=115&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) This section discusses the company's ability to meet its financial obligations and its sources of funding - The company has historically funded operations primarily through capital stock sales and anticipates incurring additional losses for the foreseeable future[116](index=116&type=chunk)[125](index=125&type=chunk) Summary of Cash Flows (Six Months Ended June 30, in thousands) | Item | 2025 | 2024 | | :-------------------------------- | :--- | :--- | | Net cash (used in) operating activities | (4,306) | (2,274) | | Net cash (used in) investing activities | (150) | (16) | | Net cash provided by financing activities | 12,137 | (51) | | Cash and cash equivalents at end of period | 7,681 | (2,341) | - As of June 30, 2025, the company had **$7.7 million of cash on hand** and **$7.8 million of working capital**, expected to fund operations through at least **Q2 2026**, supported by recent Series 2 Equity Financing and an Equity Line[126](index=126&type=chunk) - The company had an **accumulated deficit of approximately $45.4 million** as of June 30, 2025, and expects to continue incurring operating losses and negative cash flows[128](index=128&type=chunk) [Contractual Obligations and Commitments](index=24&type=section&id=Contractual%20Obligations%20and%20Commitments) This section outlines the company's current and long-term financial obligations and commitments - Primary contractual obligations relate to month-to-month operating lease, capital lease, and insurance obligations, which are generally terminable with notice[130](index=130&type=chunk) - An outstanding obligation to the SEC from a September 2023 settlement was **paid in full on August 9, 2024**[131](index=131&type=chunk) - The company has **no other long-term debt, capital lease obligations, operating lease obligations, or long-term liabilities**[131](index=131&type=chunk) [Emerging Growth Company](index=25&type=section&id=Emerging%20Growth%20Company) This section explains the company's status as an "emerging growth company" and the associated regulatory exemptions - The company is an "emerging growth company" under the JOBS Act, benefiting from exemptions from certain reporting and disclosure requirements[132](index=132&type=chunk) - It has elected an extended transition period for complying with new or revised accounting standards, which may affect comparability of its financial statements with other public companies[133](index=133&type=chunk) - Exemptions include not requiring an auditor attestation report on internal control over financial reporting (Section 404(b)) and certain executive compensation disclosures[138](index=138&type=chunk) [Critical Accounting Estimates](index=25&type=section&id=Critical%20Accounting%20Estimates) This section describes the significant judgments and assumptions made by management in preparing the financial statements - The preparation of financial statements requires management to make estimates and assumptions in conformity with U.S. GAAP, which are evaluated on an ongoing basis[136](index=136&type=chunk) - Estimates are based on historical experience and various reasonable assumptions, but actual results could differ[136](index=136&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) As a smaller reporting company, Cloudastructure, Inc. is not required to provide the information typically mandated by this item regarding quantitative and qualitative disclosures about market risk - The company is a smaller reporting company and is **not required to provide quantitative and qualitative disclosures about market risk**[139](index=139&type=chunk) [Item 4. Controls and Procedures](index=26&type=section&id=Item%204.%20Controls%20and%20Procedures) This section addresses the effectiveness of the company's disclosure controls and procedures and reports on any changes in internal control over financial reporting [Evaluation of Disclosure Controls and Procedures](index=26&type=section&id=Evaluation%20of%20Disclosure%20Controls%20and%20Procedures) This section reports on management's assessment of the effectiveness of the company's disclosure controls and procedures - Management, with the participation of the principal executive and financial officers, concluded that disclosure controls and procedures were **effective at the reasonable assurance level** as of June 30, 2025[140](index=140&type=chunk) [Changes in Internal Control over Financial Reporting](index=26&type=section&id=Changes%20in%20Internal%20Control%20over%20Financial%20Reporting) This section confirms whether any material changes occurred in the company's internal control over financial reporting - There have been **no changes in internal control over financial reporting** during the quarter ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting[141](index=141&type=chunk) [PART II. OTHER INFORMATION](index=27&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section provides additional information including legal proceedings, risk factors, equity sales, and other disclosures [Item 1. Legal Proceedings](index=27&type=section&id=Item%201.%20Legal%20Proceedings) As of June 30, 2025, Cloudastructure, Inc. is not involved in any material legal proceedings, nor are any such proceedings pending or threatened against the company - As of June 30, 2025, the company is **not subject to any material legal proceedings**, nor are any material legal proceedings pending or threatened against it[143](index=143&type=chunk) [Item 1A. Risk Factors](index=27&type=section&id=Item%201A.%20Risk%20Factors) This section states that there have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - There have been **no material changes** in the company's risk factors from those set forth in its Annual Report on Form 10-K for the year ended December 31, 2024[144](index=144&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=27&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) On April 11, 2025, the company completed an unregistered sale of 3,000 shares of Series 2 Preferred Stock to Streeterville Capital, LLC for $3.0 million, relying on exemptions from registration. These shares are convertible into Class A common stock, subject to beneficial ownership limitations and a conversion price that can adjust based on market conditions and specific trigger events - On April 11, 2025, the company sold **3,000 shares of Series 2 Preferred Stock** to Streeterville Capital, LLC for aggregate gross proceeds of **$3.0 million** in an unregistered sale, relying on Section 4(a)(2) and Rule 506 of Regulation D[145](index=145&type=chunk) - Conversion of Series 2 Preferred shares into Class A common stock is subject to beneficial ownership limitations (e.g., not exceeding **4.99% individually** or **9.99% with affiliates**)[146](index=146&type=chunk) - The Conversion Price is fixed at **$10 per share** but can be reduced if the company issues Class A common stock at a lower price, or to **88% of the lowest daily volume-weighted average price (VWAP)** during an eight-business-day period prior to measurement date following an event of default or Trigger Event, with a floor of **20% of the Nasdaq Rule 5635 Minimum Price**[148](index=148&type=chunk) [Item 5. Other Information](index=29&type=section&id=Item%205.%20Other%20Information) This section reports on the adoption of Rule 10b5-1 trading arrangements by the company's executive officers during the quarter ended June 30, 2025 [Adoption or Termination of Rule 10b5-1 or non-Rule 10b5-1 Trading Arrangements](index=29&type=section&id=Adoption%20or%20Termination%20of%20Rule%2010b5-1%20or%20non-Rule%2010b5-1%20Trading%20Arrangements) This section details the establishment of Rule 10b5-1 trading plans by the company's executive officers - The CEO, CFO, CTO, and CRO adopted Rule 10b5-1 trading arrangements on **June 11-13, 2025**, for the sale of Class A Common Stock[150](index=150&type=chunk) Rule 10b5-1 Trading Arrangements Adopted | Name and Title | Date Adopted | Aggregate No. of Shares of Class A Common Stock to be Sold | Duration | | :--------------- | :----------- | :------------------------------------------------------- | :------- | | James McCormick, CEO | 06/11/2025 | Up to 440,709 | 09/01/2026 | | Greg Smitherman, CFO | 06/11/2025 | Up to 500,000 | 09/01/2026 | | Gregory Rayzman, CTO | 06/11/2025 | Up to 360,000 | 09/01/2026 | | Lauren O'Brien, CRO | 06/13/2025 | Up to 742,000 | 09/01/2026 | [Item 6. Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate bylaws, various waiver and supplemental agreements related to financing, certifications from executive officers, and interactive data files in iXBRL format - Exhibits include the Second Amended and Restated Bylaws of Cloudastructure, Inc. (Exhibit 3.1)[152](index=152&type=chunk) - Several waiver and supplemental terms agreements with Streeterville Capital, LLC and Atlas Sciences, LLC are filed as exhibits[152](index=152&type=chunk) - Certifications from the Chief Executive Officer and Chief Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are included[152](index=152&type=chunk) - Interactive Data Files formatted in iXBRL (Inline eXtensible Business Reporting Language) are provided[154](index=154&type=chunk) [SIGNATURES](index=31&type=section&id=SIGNATURES) The report was officially signed on August 14, 2025, by James McCormick, Chief Executive Officer, and Greg Smitherman, Chief Financial Officer, on behalf of Cloudastructure, Inc - The report was signed by James McCormick (Chief Executive Officer) and Greg Smitherman (Chief Financial Officer) on **August 14, 2025**[158](index=158&type=chunk)
Cloudastructure and Flex Security’s Mobile Surveillance Trailer Alpha™ Wins “Project Management Solution of the Year” at 2025 PropTech Breakthrough Awards; Recognized as Breakthrough Innovation in Construction Security
Globenewswire· 2025-08-14 16:30
Core Insights - Cloudastructure, Inc. has been awarded "Project Management Solution of the Year" for its Alpha™ platform at the 5th Annual PropTech Breakthrough Awards, recognizing its innovation in real estate technology [4][10] - The Alpha™ platform is a fully autonomous, solar-powered AI mobile surveillance trailer designed for rapid deployment and effective crime deterrence across various environments [5][10] Company Overview - Cloudastructure specializes in AI surveillance and remote guarding, utilizing a scalable cloud-based architecture that features advanced AI/ML analytics [12] - The company offers a value proposition that includes contract-free, month-to-month pricing and unlimited 24/7 support, achieving up to a 75% lower Total Cost of Ownership compared to other systems [12] Product Features - Alpha™ integrates AI surveillance with advanced hardware, ensuring 100% of footage is continuously monitored by AI, leading to greater efficiency and reduced labor costs [7] - Key features of Alpha™ include 3 HD PTZ cameras, live HD horn for real-time intervention, programmable floodlights, and a centralized dashboard for seamless scalability [9] Industry Context - The PropTech sector is transforming real estate by delivering greater efficiency, transparency, and sustainability through innovative technologies [10] - The PropTech Breakthrough Awards aim to highlight innovators in the industry, encouraging further advancements in technology and solutions [11]
Cloudastructure and Flex Security's Mobile Surveillance Trailer Alpha™ Wins “Project Management Solution of the Year” at 2025 PropTech Breakthrough Awards; Recognized as Breakthrough Innovation in Construction Security
GlobeNewswire News Room· 2025-08-14 16:30
Core Insights - Cloudastructure, Inc. has been recognized with the "Project Management Solution of the Year" award for its Alpha™ platform at the 5th Annual PropTech Breakthrough Awards, highlighting its innovative contributions to the real estate technology sector [1][7]. Company Overview - Cloudastructure specializes in AI Surveillance and Remote Guarding, offering a scalable cloud-based security platform that integrates advanced AI/ML analytics with remote guarding solutions [9]. - The company aims to provide proactive, end-to-end security solutions that significantly reduce the total cost of ownership by up to 75% compared to other systems [9]. Product Features - Alpha™ is a solar-powered, fully autonomous AI mobile surveillance trailer designed for rapid deployment and effective crime deterrence across various environments, including construction sites and storage facilities [2][4]. - Key features of Alpha™ include: - 3 HD PTZ cameras on a 27-foot mast - 24/7 live streaming capability - 450-foot infrared detection range, which is twice the industry-leading range - Advanced AI-driven analytics for enhanced threat detection [6]. Industry Context - The PropTech sector is transforming real estate by delivering greater efficiency, transparency, and sustainability through innovative technologies [7]. - The annual PropTech Breakthrough Awards program aims to recognize and inspire innovation within the industry, evaluating thousands of nominations to highlight leading technology companies and solutions [8].
Cloudastructure Inc-A(CSAI) - 2025 Q2 - Quarterly Results
2025-08-13 13:07
[Filing Information](index=1&type=section&id=Filing%20Information) This section details the registrant's identification, filing specifics, and its status as an emerging growth company [Registrant and Filing Details](index=1&type=section&id=Registrant%20and%20Filing%20Details) This section provides the core identification details for the 8-K filing, including the registrant's legal name, jurisdiction, and contact information, along with the report date - The filing is a **Current Report on Form 8-K**, dated **August 13, 2025**[2](index=2&type=chunk) - The registrant is **CLOUDASTRUCTURE, INC.**, incorporated in Delaware, with principal executive offices in Palo Alto, California[2](index=2&type=chunk) [Securities and Exchange Information](index=1&type=section&id=Securities%20and%20Exchange%20Information) This part details the securities registered under Section 12(b) of the Act, specifying the class of stock, trading symbol, and the exchange where it is registered Securities Registered | Title of Class | Trading Symbol | Name of Exchange On Which Registered | | :------------- | :------------- | :----------------------------------- | | Class A Common Stock | CSAI | Nasdaq Capital Market | [Emerging Growth Company Status](index=1&type=section&id=Emerging%20Growth%20Company%20Status) This section indicates whether the registrant qualifies as an 'emerging growth company' and if it has elected to use the extended transition period for new accounting standards - **Cloudastructure, Inc.** is an **Emerging Growth Company**[5](index=5&type=chunk) - The registrant has not indicated whether it has elected to use the extended transition period for complying with new or revised financial accounting standards[5](index=5&type=chunk) [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section reports the announcement of the company's financial performance for the recent quarter [Announcement of Financial Results](index=2&type=section&id=Announcement%20of%20Financial%20Results) Cloudastructure, Inc. announced its financial results for the quarter ended June 30, 2025, through a press release - On **August 13, 2025**, Cloudastructure, Inc. issued a press release announcing financial results for the quarter ended **June 30, 2025**[6](index=6&type=chunk) - A copy of the press release is attached as **Exhibit 99.1** to this Current Report[6](index=6&type=chunk) [Item 9.01 Financial Statements, Pro Forma Financial Information, and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%2C%20Pro%20Forma%20Financial%20Information%2C%20and%20Exhibits) This section details the financial statements, pro forma information, and supporting exhibits included in the filing [Exhibits](index=2&type=section&id=Exhibits) This section lists the specific exhibits filed as part of the 8-K report, which include the press release and the interactive data file - The exhibits filed include a **Press Release dated August 13, 2025 (Exhibit 99.1)** and a **Cover Page Interactive File (Exhibit 104)**[9](index=9&type=chunk) [Exhibit Index](index=3&type=section&id=Exhibit%20Index) The Exhibit Index provides a formal table summarizing the exhibit numbers and their corresponding documents included in the filing Exhibit Index | Exhibit Number | Document | | :------------- | :------------------------------------------------------------ | | 99.1 | Press Release dated August 13, 2025 | | 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). | [Signatures](index=4&type=section&id=Signatures) This section confirms the official authorization and signing of the report by the registrant's designated officer [Report Signatory](index=4&type=section&id=Report%20Signatory) This section confirms the official signing of the report by an authorized officer of the registrant - The report was signed on behalf of **CLOUDASTRUCTURE, INC.** by **Greg Smitherman, Chief Financial Officer** (Principal Financial Officer and Principal Accounting Officer)[14](index=14&type=chunk) - The report was dated **August 13, 2025**[14](index=14&type=chunk)
Cloudastructure Reports Record Q2 Growth Driven by 267% Revenue Increase Year-over-Year; Secures $2.7M in New Contracts and Achieves Record Installation Volumes Amid Surging Demand
GlobeNewswire News Room· 2025-08-13 13:00
Core Insights - Cloudastructure reported a 267% year-over-year revenue increase for Q2 2025, totaling $1.1 million, and achieved gross margin profitability for the second consecutive quarter [10][11] - The company signed $2.69 million in total contract value over the next 12 months, marking a 274% increase year-over-year, driven by strategic wins across various sectors [4][5] - Cloudastructure's AI security platform maintained a 98% threat deterrence rate while achieving record installation volumes, indicating strong market demand [2][8] Financial Performance - Revenue for Q2 2025 was $1.1 million, a 267% increase from $0.3 million in Q2 2024, fueled by a 58% increase in the customer base [10] - Cloud video surveillance subscription revenue grew 133%, hardware sales surged 863%, and installation services revenue climbed 167% [10][17] - Gross profit for the quarter was $0.4 million, a 274% increase from $0.1 million in Q2 2024 [11] Market Expansion - The company deepened its presence in public and affordable housing by securing a four-property deployment with a Colorado-based nonprofit housing authority [5] - Cloudastructure entered the construction vertical with the launch of its Alpha™ Mobile Surveillance Trailer, aimed at preventing job site theft and vandalism [6][8] - The company completed its highest number of installations in a single month in July 2025, reflecting operational momentum [7] Innovation and Product Development - Cloudastructure's AI-powered security platform generated 5.37 million alerts and over 59,800 live audio interventions from January to June 2025 [8] - The launch of the Alpha™ mobile surveillance trailer represents a significant advancement in the company's AI capabilities, addressing the $1 billion-plus issue of construction site theft [8][9] - The company is focused on redefining modern security by providing proactive solutions that go beyond passive monitoring [9]