T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, known for its AI-driven identity services, reported a significant revenue jump in the fourth quarter.
For Q4 2024, Trust Stamp brought in $1.5 million in revenue, a notable increase from $510,000 in Q3 and $580,000 during the same period last year.
Looking ahead, Trust Stamp expects revenue from existing customers to top $5 million for fiscal year 2025, without accounting for revenue from contracts that are yet to start generating income, the company said.
On the cost side, Trust Stamp is working on reducing expenses and expects to save around $100,000 per month for the rest of 2025 compared to last year.
In terms of cash flow, Trust Stamp anticipates a cash burn of $750,000 in the first quarter of 2025, but the average monthly burn rate for the rest of the year should drop to $200,000, based on revenue from existing, contracted customers that are already generating income.