Core Insights - Trust Stamp reported strong growth in customer enrollment and user completions on its SaaS Orchestration Layer, with significant increases in transaction starts and customer completion rates [1][4] Financial Performance - The company filed its Q2 10-Q report for the six months ended June 30, 2025, on August 14, 2025 [4] - Net recognized revenue for Q2 2025 was $0.81 million, a 62% increase from $0.50 million in Q2 2024 [4] - For the six months ended June 30, 2025, net recognized revenue was $1.36 million, a 26% increase from $1.07 million in the same period in 2024 [4] - The company reported a net loss of $1.71 million for Q2 2025, reduced by 34% from $2.60 million in Q2 2024 [4] - Total operating expenses for Q2 2025 were $2.50 million, down 20% from $3.13 million in Q2 2024 [4] Customer Growth and Implementation - A total of 92 financial institutions with over $348 billion in assets have been onboarded via FIS, bringing the total number of customers to 105 [1] - Transaction starts for FIS-related institutions increased by 247% over the six months ending June 30, 2025, with a 179% increase in July compared to the previous month [1]

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 [2] - The company operates with a diverse team comprising members from twenty-two nationalities across eight countries [3] Financial Performance - Trust Stamp filed its Q1 10-Q report for the three months ended March 31, 2025, after the Nasdaq market closed on May 15, 2025 [5] - Recognized revenue for Q1 2025 was $545 thousand, a decrease from $574 thousand in Q1 2024, with an additional $197 thousand of revenue fully earned but subject to deferred recognition under ASC 606 [5] - Anticipated revenue from existing contracted customers for FY 2025 is expected to exceed $5.0 million, excluding projected revenue from contracted customers that are not yet revenue-generating [5] Operational Developments - The number of institutional customers registered on the Orchestration Layer platform increased to ninety-four from eighty at the end of Q4 2024, including twelve community banks and two credit unions [1] - Continuing expense reductions for the remainder of 2025 are estimated to yield new savings of $0.18 million per month compared to expenses in 2024 [5] - Estimated cash burn for the remaining nine months of 2025 is projected at an average of $0.24 million per month, which the company believes is covered by cash on hand and an unused $6.1 million "At The Market" equity distribution agreement [5]