T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), dba Trust Stamp, announced that it expects more than $5 million in revenue from existing contracted customers for fiscal year 2025, it said in its forward-looking guidance issued alongside its first quarter filing.
The company highlighted that this estimate excludes potential revenue from contracted customers that have yet to start generating income, suggesting additional upside.
Trust Stamp also reported the continued expansion of its SaaS Orchestration Layer, with the number of institutional customers on the platform growing from 80 at the end of Q4 2024 to 94 as of mid-May 2025.
The increase includes twelve new community banks and two credit unions.
For Q1, Trust Stamp reported recognized revenue of $545,000, slightly down from $574,000 in Q1 2024. However, an additional $197,000 in fully earned revenue remains subject to deferred recognition, the company said.
For the remainder of 2025, Trust Stamp expects to reduce its costs by $180,000 per month. It projects a monthly cash burn of $240,000, which it believes is fully covered by current cash on hand, anticipated revenues, and access to an unused $6.1 million At The Market equity distribution facility.