Cloudastructure Inc-A(US:CSAI)2025-11-13 14:02Revenue Growth - Total revenue for the three months ended September 30, 2025, increased by $1,060,140 or 272% compared to the same period in 2024, reaching $1,450,470[93] - Total revenue for the nine months ended September 30, 2025, increased by $2,354,699 or 255%, reaching $3,278,483 compared to $923,784 for the same period in 2024[101] - Cloud video subscriptions increased by 142%, remote guarding by 154%, hardware sales by 144%, and installation sales and other sales by 790% over the same period in 2024[93] Cost and Expenses - Cost of goods sold for the three months ended September 30, 2025, increased by $404,488 or 124% compared to the same period in 2024, totaling $730,799[94] - Cost of goods sold for the nine months ended September 30, 2025, increased by $1,056,571 or 138%, totaling $1,824,700[103] - Operating expenses for the three months ended September 30, 2025, were $2,703,618, an increase of 64% compared to $1,648,764 for the same period in 2024[95] - General and administrative expenses for the nine months ended September 30, 2025, increased by 80% to $1,853,076 compared to $1,029,790 for the same period in 2024[105] - Research and development expenses for the nine months ended September 30, 2025, increased by 37% to $1,430,839 compared to $1,045,638 for the same period in 2024[106] Net Loss - The net loss for the three months ended September 30, 2025, was $2.06 million, compared to a net loss of $1.72 million for the same period in 2024, representing a 14% increase in loss[100] - The company reported a net loss of $6.6 million for the nine months ended September 30, 2025, an increase of approximately 23% compared to a net loss of $5.29 million for the same period in 2024[109] Cash Flow and Financing - Net cash used in operating activities was $5.66 million for the nine months ended September 30, 2025, compared to $3.32 million for the same period in 2024[112] - Cash and cash equivalents at the end of the period stood at $6.4 million, a significant increase from $444,000 at the end of September 30, 2024[112] - The company raised $12.1 million from financing activities for the nine months ended September 30, 2025, compared to a cash outflow of $261,000 for the same period in 2024[116] - The company anticipates incurring additional losses for the foreseeable future, with an accumulated deficit of approximately $47.38 million as of September 30, 2025[125] - The company expects its current cash will be sufficient to fund operations through at least the third quarter of 2026, but may require additional funding if revenues do not grow as anticipated[123] Investment Activities - Investing activities included $236,373 for colocation equipment for the Montana data center and $14,908 for computer equipment for new employees[115] - The company has entered into agreements that may provide necessary funding for operations over the next 12 months, subject to various conditions[124] Operational Challenges - The company continues to experience negative cash flows from operations due to investments in product and service development[113]