Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices in content production [5]

Copenhagen, Denmark, May 15, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ today announced a strategic partnership with fellow deep tech innovator Partisia. In a major step toward strengthening digital security and privacy, the two companies will collaborate to develop a more accessible and resilient solution for biometric holder binding. This partnership aims to deliver a foundational technology for reliably and securely verifying identity across a broad range of ...

Company Overview - Proactive is a publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking and enthusiastic adopter of technology, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Trust Stamp has been selected to participate in the CyberBoost Catalyse program, aimed at supporting high-growth cybersecurity companies to expand their impact in Singapore, APAC, the UK, and other global markets [1][2] - The company's innovative privacy-preserving, AI-powered identity verification technologies address critical challenges in digital security, fraud prevention, and data privacy, making it a suitable candidate for the program [2][3] - Participation in CyberBoost Catalyse will provide Trust Stamp with opportunities for market strategy development, engagement with global investors, and scaling solutions internationally [2][3] Company Overview - Trust Stamp is a global provider of AI-powered services across multiple sectors, including banking, finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services [5] - The company's technology focuses on reducing fraud, securing data, authenticating users while protecting privacy, and increasing operational efficiency, thereby promoting secure financial inclusion [5] - Trust Stamp operates with a diverse team from twenty-two nationalities across eight countries, trading on the Nasdaq Capital Market under the ticker IDAI [6]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Trust Stamp announces that it filed its 2024 FY 10-K after the Nasdaq market closed on March 31st, 2025, highlighted Q4 2024 results including revenue that substantially exceeded recent analysts' forecasts, and gave estimated revenue, expense, and cash-burn guidance for 2025 based on existing contracted revenue Atlanta, GA, April 01, 2025 (GLOBE NEWSWIRE) -- Trust Stamp announces that: Inquiries: Trust Stamp Email: Shareholders@truststamp.ai Safe Harbor Statement: Caution Concerning Forward-Looking Remarks ...

Financial Performance - For the fiscal year ended December 31, 2024, the company incurred a net loss of $12.54 million, compared to a net loss of $7.64 million for the fiscal year ended December 31, 2023, indicating a 64.5% increase in losses year-over-year[95]. - The company's accumulated deficit reached $61.46 million as of December 31, 2024, reflecting ongoing financial challenges[96]. - Adjusted EBITDA loss for the year ended December 31, 2024, increased by 12.17% to $7.29 million from $6.50 million in 2023[212]. - The Company recognized a net loss before taxes of $10,597,348 for the year ended December 31, 2024, compared to a loss of $7,651,127 in 2023[212]. - The company has not yet generated profits and anticipates that operating expenses will increase in the near future[96]. Business Development and Expansion - Trust Stamp opened an office in Tokyo to pursue opportunities in the APAC region, funded by the City of Tokyo and the Japanese government[19]. - The company has established Trust Stamp Nigeria Limited on January 31, 2024, to explore business opportunities in Nigeria[89]. - Trust Stamp Malta Limited operates an R&D campus in Malta, supported by a repayable advance of up to €800,000 to cover 75% of payroll costs for new employees[81]. - The company has established a regional R&D center in Rwanda and is in discussions with two African countries for national-level digital identity programs[29]. - The Company plans to focus on joint ventures with industry partners to enhance market access and reduce overhead costs[168]. Technology and Innovation - The company has expanded its IP portfolio with technologies such as embedded ownership verification for crypto-assets and a biometric verification utility called "Shape Overlay"[19]. - Trust Stamp's technology is designed to enhance KYC/AML compliance and reduce synthetic identity fraud, improving user experience[33]. - The Company has developed several innovative technologies, including "Shape Overlay" for biometric verification and "Stable Key" for secure password management[168]. - Trust Stamp has multiple pending patents related to biometric systems, including a patent for "Systems and Processes for Lossy Biometric Representations" filed on March 23, 2022, which is currently issued with a maintenance fee due by February 28, 2027[71]. - The company has a total of 15 patents related to biometric technology, with various statuses including issued and pending[74]. Customer and Revenue Generation - The Company has onboarded over 60 financial institutions with a total of $348 billion in assets as of December 31, 2024, with 79 customers either fully implemented or currently implementing the Orchestration Layer[51]. - The first non-FIS client onboarded to the Orchestration Layer has generated $426,000 in revenue to date, including $193,000 during the year ended December 31, 2024[51]. - The Company generated revenue through a Master Software Agreement with an S&P 500 bank and a ten-year technology services agreement with Mastercard, both of which are expected to drive future revenue growth[47]. - The Company currently relies on three customers for substantially all of its revenues, which poses a risk if any of these customers are lost[117]. Regulatory and Compliance Issues - The Company is currently compliant with licensing requirements in Atlanta and Rwanda but anticipates potential future regulations related to biometric data[52]. - The company is subject to significant governmental regulations regarding data privacy and biometric data handling, including HIPAA, GDPR, and CCPA[53][61][63]. - The company faces risks related to foreign currency fluctuations, as the majority of its revenue is US Dollar denominated while a significant percentage of expenses are incurred in other currencies[99]. - The company is subject to substantial governmental regulation regarding data privacy and may incur significant costs to comply with these regulations[101]. Operational Challenges - The company continues to face risks associated with being an early-stage company, including the potential for ongoing operating losses and challenges in achieving profitability[92][94]. - The company faces challenges in managing indirect sales channels, which may require more management attention and could limit revenue growth[119]. - The company may encounter significant delays and unexpected expenses related to product development and market acceptance, impacting its growth potential[106]. - The company identified material weaknesses in internal controls over financial reporting as of December 31, 2024, impacting its ability to accurately account for complex equity transactions[132]. Capital and Financing - The company expects to raise additional capital through equity and/or debt offerings to support working capital requirements and operating losses[99]. - The Company raised approximately $3.50 million from the January 2025 Offering, with potential additional proceeds of approximately $5,250,250 if all Private Placement Warrants are exercised[188]. - An Equity Distribution Agreement with Maxim Group allows the Company to sell up to $6,196,000 worth of Common Stock over a 12-month period[169]. - The Company must obtain shareholder approval for an increase in authorized shares within 60 days following the closing of the December 2024 SPA[193]. Management and Governance - Lance Wilson appointed as Chief Financial Officer effective January 1, 2025, with an annual base salary of $182,250 and eligibility for a minimum 10% equity bonus[180]. - The Board reserves the right to grant long-term stock-based compensation to align executive performance with long-term business strategies[157]. - The Board of Directors has the discretion to grant incentive bonuses linked to the Company's performance and individual executive performance[156]. Cybersecurity and Risk Management - The Company did not experience any material cybersecurity breaches during the year ended December 31, 2024[141]. - The Company has strengthened its cybersecurity certifications by adding SOC2 certification and renewing D-Seal certification[175].

Company Overview - Trust Stamp is a global provider of AI-powered services across various sectors including banking, finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services [1][2] - The company's technology aims to reduce fraud, tokenize and secure data, authenticate users while protecting privacy, and enhance operational efficiency, thereby facilitating secure financial inclusion [1] Financial Performance - Trust Stamp plans to file its 10-K report for the 2024 Financial Year after the Nasdaq market closes on March 31, 2025 [4] - The revenue for Q4 2024 is projected to be $1.497 million, a significant increase from $0.575 million in Q4 2023, surpassing analysts' forecasts of $0.51 million [4] - Anticipated revenue from existing customers for the full year 2025 is expected to exceed $5.0 million [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]

Core Insights - Trust Stamp has received a patent for its "Shape Overlay for Proof of Liveness" mechanism, enhancing biometric security against deepfake and injection attacks [1][2][4] - The innovation addresses vulnerabilities in traditional biometric authentication methods, particularly against sophisticated digital fraud techniques [2][4] - The patented system requires user interaction with randomly generated shape overlays, ensuring real-time verification of a live subject without the need for specialized hardware [3][4] Company Overview - Trust Stamp is a global provider of AI-driven identity authentication solutions, focusing on privacy-first biometric security [5] - The company aims to enhance digital identity protection across various sectors, including financial services, government, and enterprise applications [5] - Trust Stamp emphasizes accessibility and cost-effectiveness in its security solutions, making robust biometric security available to a wider audience [3][4]