Cloudastructure Reports 212% Revenue Growth to $738,000, Despite Increased Net Loss

Cloudastructure, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $738,000 for the three months ended March 31, 2025, a 212% increase from $237,000 in the same period last year. This surge in revenue is attributed to a 38% increase in the number of locations utilizing the company's services, alongside substantial growth in various service lines. Cloud video surveillance subscriptions rose by 79%, remote guarding services increased by 164%, and hardware sales saw a remarkable 241% uptick. Despite this revenue growth, the company reported a net loss of $2.5 million, compared to a loss of $1.7 million in the prior year, reflecting a 46% increase in losses.

The company's balance sheet as of March 31, 2025, shows total assets of $8 million, a significant increase from $615,000 at the end of 2024. This growth is primarily due to an increase in cash and cash equivalents, which rose to $6.9 million from $52,000, following successful financing activities. Cloudastructure's total liabilities remained relatively stable at $1.1 million, with a slight decrease from $1.12 million at the end of the previous year. The company’s stockholders' equity improved to $6.9 million, up from a deficit of $503,000, largely due to the issuance of preferred shares and common stock.

Strategically, Cloudastructure has been active in expanding its market presence and enhancing its product offerings. The company has secured contracts with five of the top ten property management firms in the U.S., which is expected to bolster its revenue streams. Additionally, Cloudastructure has entered into financing agreements, including a $6.3 million equity financing with Streeterville Capital, and a subsequent $4.5 million financing for Series 2 Preferred Stock. These funds are intended to support ongoing operations and growth initiatives.

Operationally, Cloudastructure has seen a notable increase in customer engagement, with a 38% rise in locations using its services. The company is focused on expanding its footprint in the property management sector and anticipates entering new markets in 2025 and 2026. The company’s workforce has also grown, reflecting its expansion efforts, although specific employee headcount figures were not disclosed in the filing.

Looking ahead, Cloudastructure's management has indicated that while the company expects to continue incurring losses in the near term, the current cash reserves and anticipated revenue from new contracts should provide sufficient liquidity to support operations through at least the first quarter of 2026. The company remains committed to its growth strategy, which includes enhancing its AI-driven security solutions and expanding its customer base in the proptech space.