Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) Inc EVP of Corporate Finance Josh Allen tells Proactive announced that its first-quarter 2022 net revenue surged 430% to a record $2.82 million, which the company attributed primarily to revenue contracts executed by newly-acquired and existing customers. It was noted that the group expanded upon an existing customer relationship within the government sector while increasing its scope of work with Fortune 500 commercial clients in the financial services sector.
Trust Stamp sees 1Q revenue soar 430% on growing government and financial services client base