georgie18
2 semanas hace
CSAI...$5.14...🥳... PALO ALTO, CA, April 08, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) (“Cloudastructure,” “we,” “us,” “our” or the “Company”) announced today that a nationally recognized multifamily property management company has significantly advanced apartment security and operational efficiency by deploying Cloudastructure’s AI Surveillance and Remote Guarding at four of its Florida properties. We believe this strategic investment highlights the increasing demand for cutting-edge security solutions in the multifamily housing sector.
The property management company cited persistent challenges such as:
Trespassing
Unauthorized pool usage after hours
Illegal dumping
The firm sought a proactive approach to reduce risk, safeguard residents, and drive operational efficiencies. Following a thorough evaluation of available technologies, Cloudastructure’s AI-driven platform was chosen for its industry-leading capabilities in real-time threat detection and live voice down interventions conducted by its dedicated team of in-house remote guards.
Cloudastructure’s AI Surveillance and Remote Guarding solution utilizes advanced machine learning to continuously monitor and analyze activity across properties, reducing the burden on onsite staff while significantly improving response times to potential security incidents. With a 97% crime deterrence rate (based on internal data from 2023 to date), the platform has already demonstrated its effectiveness in enhancing property security and reducing liability.
"As investors increasingly emphasize risk management and operational efficiency, AI-driven security solutions are rapidly becoming essential in the multifamily space," said Lauren OBrien, Chief Revenue Officer at Cloudastructure. "Residents are also demanding this elevated level of protection. A recent study by the National Apartment Association found that less than 13% of U.S. residents participating in the survey live in a community with monitored surveillance cameras, yet those that do report feeling significantly safer and more secure. We are excited to partner with forward-thinking property management companies to deliver scalable, proactive security that safeguards both assets and the people that live there."
The move comes amid increased scrutiny on liability and security in Florida’s multifamily sector, driven in part by the state’s new tort reform laws. By implementing Cloudastructure’s AI Surveillance and Remote Guarding, the firm not only enhances resident safety but also positions itself as a leader in leveraging advanced technology to protect both property and investor interests. As more property management firms recognize the advantages of AI-powered security, Cloudastructure continues to expand its footprint in the multifamily industry, delivering unmatched protection, risk mitigation, and cost savings.
For more information about Cloudastructure’s AI Surveillance and Remote Guarding solutions, visit https://www.cloudastructure.com/.
georgie18
Member Level
Re: georgie18 post# 391953
Monday, April 07, 2025 2:18:52 PM
Post#
391998
of 392011
CSAI...$5.13s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 13
Friday, April 04, 2025 11:49:14 AM
Post#
18
of 18
CSAI...$5.04...HOD...🥳...Off the $4 bottom...
georgie18
Member Level
Re: georgie18 post# 391850
Thursday, April 03, 2025 8:59:08 AM
Post#
391883
of 391952
CSAI...$4.66...Added here...🥳
georgie18
Member Level
Re: georgie18 post# 9
Wednesday, April 02, 2025 11:14:02 AM
Post#
10
of 12
CSAI...Added the $5.30 range dip...🥳
georgie18
Member Level
Re: georgie18 post# 391798
Wednesday, April 02, 2025 10:36:36 AM
Post#
391845
of 391849
CSAI...$5.72...🥳...Red to Green...Filled the Gap in the $5 range...🥳
georgie18
Member Level
Re: None
Tuesday, April 01, 2025 1:12:37 PM
Post#
5
of 8
CSAI...$9.12...🥳...PLus100% today...
georgie18
Member Level
Re: georgie18 post# 391300
Monday, March 31, 2025 5:20:57 PM
Post#
391774
of 391797
CSAI...$7.39...🥳...Off the $4.30 range bottom...https://www.globenewswire.com/news-release/2025/03/31/3052810/0/en/Cloudastructure-Reports-2024-Year-End-Results-Revenue-Up-124-Year-over-Year-Gross-Profit-Turns-Positive.html
georgie18
Member Level
Re: georgie18 post# 677290
Wednesday, March 19, 2025 3:49:01 PM
Post#
677334
of 678454
CSAI...$8.35...🥳...Beauty move here...ran to $50 on first alert...
georgie18
Member Level
Re: georgie18 post# 391256
Wednesday, March 19, 2025 11:52:18 AM
Post#
391273
of 391299
CSAI...$7.77...Hit $8.42 HOD...🥳...Hit $50 from $5 range on my first Alert...
georgie18
Member Level
Re: georgie18 post# 677048
Wednesday, March 19, 2025 10:24:19 AM
Post#
677266
of 677289
CSAI...$6.77...🥳...Off my $5.10 Alert...
georgie18
Member Level
Re: georgie18 post# 391120
Monday, March 17, 2025 12:06:06 PM
Post#
391135
of 391255
CSAI...$6.14...Off my $5.10 Alert...🥳
georgie18
Member Level
Re: georgie18 post# 676952
Monday, March 17, 2025 9:43:58 AM
Post#
677014
of 677047
CSAI...$5.80...HOD...🥳...
georgie18
Member Level
Re: None
Friday, March 14, 2025 3:06:51 PM
Post#
391098
of 391119
CSAI...$5.10...🥳...Back in here...First Alert ran from $5 range to $50 range...Second Alert was a quick flip from $11 range to $13 range...
georgie18
2 semanas hace
CSAI...$5.13s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 13
Friday, April 04, 2025 11:49:14 AM
Post#
18
of 18
CSAI...$5.04...HOD...🥳...Off the $4 bottom...
georgie18
Member Level
Re: georgie18 post# 391850
Thursday, April 03, 2025 8:59:08 AM
Post#
391883
of 391952
CSAI...$4.66...Added here...🥳
georgie18
Member Level
Re: georgie18 post# 9
Wednesday, April 02, 2025 11:14:02 AM
Post#
10
of 12
CSAI...Added the $5.30 range dip...🥳
georgie18
Member Level
Re: georgie18 post# 391798
Wednesday, April 02, 2025 10:36:36 AM
Post#
391845
of 391849
CSAI...$5.72...🥳...Red to Green...Filled the Gap in the $5 range...🥳
georgie18
Member Level
Re: None
Tuesday, April 01, 2025 1:12:37 PM
Post#
5
of 8
CSAI...$9.12...🥳...PLus100% today...
georgie18
Member Level
Re: georgie18 post# 391300
Monday, March 31, 2025 5:20:57 PM
Post#
391774
of 391797
CSAI...$7.39...🥳...Off the $4.30 range bottom...https://www.globenewswire.com/news-release/2025/03/31/3052810/0/en/Cloudastructure-Reports-2024-Year-End-Results-Revenue-Up-124-Year-over-Year-Gross-Profit-Turns-Positive.html
georgie18
Member Level
Re: georgie18 post# 677290
Wednesday, March 19, 2025 3:49:01 PM
Post#
677334
of 678454
CSAI...$8.35...🥳...Beauty move here...ran to $50 on first alert...
georgie18
Member Level
Re: georgie18 post# 391256
Wednesday, March 19, 2025 11:52:18 AM
Post#
391273
of 391299
CSAI...$7.77...Hit $8.42 HOD...🥳...Hit $50 from $5 range on my first Alert...
georgie18
Member Level
Re: georgie18 post# 677048
Wednesday, March 19, 2025 10:24:19 AM
Post#
677266
of 677289
CSAI...$6.77...🥳...Off my $5.10 Alert...
georgie18
Member Level
Re: georgie18 post# 391120
Monday, March 17, 2025 12:06:06 PM
Post#
391135
of 391255
CSAI...$6.14...Off my $5.10 Alert...🥳
georgie18
Member Level
Re: georgie18 post# 676952
Monday, March 17, 2025 9:43:58 AM
Post#
677014
of 677047
CSAI...$5.80...HOD...🥳...
georgie18
Member Level
Re: None
Friday, March 14, 2025 3:06:51 PM
Post#
391098
of 391119
CSAI...$5.10...🥳...Back in here...First Alert ran from $5 range to $50 range...Second Alert was a quick flip from $11 range to $13 range...
georgie18
3 semanas hace
CSAI...$5.04...HOD...🥳...Off the $4 bottom...
georgie18
Member Level
Re: georgie18 post# 391850
Thursday, April 03, 2025 8:59:08 AM
Post#
391883
of 391952
CSAI...$4.66...Added here...🥳
georgie18
Member Level
Re: georgie18 post# 9
Wednesday, April 02, 2025 11:14:02 AM
Post#
10
of 12
CSAI...Added the $5.30 range dip...🥳
georgie18
Member Level
Re: georgie18 post# 391798
Wednesday, April 02, 2025 10:36:36 AM
Post#
391845
of 391849
CSAI...$5.72...🥳...Red to Green...Filled the Gap in the $5 range...🥳
georgie18
Member Level
Re: None
Tuesday, April 01, 2025 1:12:37 PM
Post#
5
of 8
CSAI...$9.12...🥳...PLus100% today...
georgie18
Member Level
Re: georgie18 post# 391300
Monday, March 31, 2025 5:20:57 PM
Post#
391774
of 391797
CSAI...$7.39...🥳...Off the $4.30 range bottom...https://www.globenewswire.com/news-release/2025/03/31/3052810/0/en/Cloudastructure-Reports-2024-Year-End-Results-Revenue-Up-124-Year-over-Year-Gross-Profit-Turns-Positive.html
georgie18
Member Level
Re: georgie18 post# 677290
Wednesday, March 19, 2025 3:49:01 PM
Post#
677334
of 678454
CSAI...$8.35...🥳...Beauty move here...ran to $50 on first alert...
georgie18
Member Level
Re: georgie18 post# 391256
Wednesday, March 19, 2025 11:52:18 AM
Post#
391273
of 391299
CSAI...$7.77...Hit $8.42 HOD...🥳...Hit $50 from $5 range on my first Alert...
georgie18
Member Level
Re: georgie18 post# 677048
Wednesday, March 19, 2025 10:24:19 AM
Post#
677266
of 677289
CSAI...$6.77...🥳...Off my $5.10 Alert...
georgie18
Member Level
Re: georgie18 post# 391120
Monday, March 17, 2025 12:06:06 PM
Post#
391135
of 391255
CSAI...$6.14...Off my $5.10 Alert...🥳
georgie18
Member Level
Re: georgie18 post# 676952
Monday, March 17, 2025 9:43:58 AM
Post#
677014
of 677047
CSAI...$5.80...HOD...🥳...
georgie18
Member Level
Re: None
Friday, March 14, 2025 3:06:51 PM
Post#
391098
of 391119
CSAI...$5.10...🥳...Back in here...First Alert ran from $5 range to $50 range...Second Alert was a quick flip from $11 range to $13 range...
georgie18
3 semanas hace
CSAI...$4.84...🥳...PALO ALTO, CA, April 03, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) (“Cloudastructure” or the “Company”) today announced it has partnered with one of the nation’s leading real estate investment firms—managing billions in commercial and residential assets—to expand the firm’s commitment to AI-driven security. This initiative marks an expansion of an existing relationship between the two companies, building upon prior successful deployments to now include Cloudastructure’s advanced surveillance and remote guarding solutions across seven multifamily communities, with additional rollouts planned in the near future.
Managing thousands of residential units across the country, the firm remains committed to safeguarding its assets while elevating the resident experience. After a series of security incidents—including trespassing and vehicle break-ins—the firm began searching for a proactive, scalable solution that could not only deter crime in real time but also enhance operational efficiency.
Cloudastructure’s AI-driven platform delivers:
Cloud-based advanced AI analytics
Seamless remote guarding software
24/7 live monitoring
With crime deterrence rates exceeding 97% (based on internal data from 2023 to date), Cloudastructure’s technology provides a cost-effective alternative to traditional security models, enhancing asset protection while reducing liability risks.
“The platform has already proven its value at several of the firm’s Atlanta properties,” a company manager stated, “Our experience at our Atlanta assets has been overwhelmingly positive, and we look forward to continued expansion of the platform into other markets.”
This latest contract represents a significant milestone in the firm’s ongoing investment in next-generation security solutions, transforming security from a traditional cost center into a strategic value driver. A September 2024 survey by the National Apartment Association underscores the impact of this approach: while only 13% of multifamily residents participating in the survey currently live in a community with monitored cameras, 70% of those residents believe these systems actively prevent crime. Furthermore, they were 17% more likely to recommend a monitored community to a friend.
“This partnership reflects a forward-thinking approach to risk management and asset optimization, both for property owners and their investors,” said James McCormick, CEO of Cloudastructure. “As the multifamily sector continues to evolve, AI-powered security is no longer a luxury—it is a strategic investment that drives operational efficiency, enhances resident satisfaction, and ultimately contributes to long-term portfolio value. We are happy to be expanding our successful relationship with this valued client and look forward to supporting their vision and helping them scale that success across new markets.”
subslover
3 semanas hace
Cloudastructure Reports 2024 Year-End Results: Revenue Up 124% Year-over-Year; Gross Profit Turns Positive
Broad-Based Sales Growth: New Customers Up 30%, Subscriptions Up 48%, Remote Guarding Up 404%, Hardware Sales Up 250%
AI Surveillance Platform Proves Effective, Scalable, and Regulation-Ready
PALO ALTO, CA, March 31, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) (“we,” “us,” “our,” “Cloudastructure” or the “Company”), a cloud-based video surveillance platform with artificial intelligence (“AI”) and computer vision analytics, today provided a business update and reported financial results for the year ended December 31, 2024.
“2024 marked a pivotal year for Cloudastructure as we achieved strong financial and operational milestones,” said James McCormick, Chief Executive Officer of Cloudastructure. “We increased revenue by 125% year-over-year, turned a gross loss into a gross profit, and significantly reduced operating expenses—demonstrating the scalability and efficiency of our model. Growth was broad-based across all segments: new locations increased by 30%, cloud video surveillance subscription revenue grew by 48%, remote guarding revenue surged 404%, and hardware sales climbed 250%. These results highlight the strength of our recurring revenue model and the growing demand for intelligent, cloud-based security. As we enter 2025, we are energized by the continued support of our customers, partners, and investors, and remain focused on delivering cost-effective, AI-driven solutions that drive long-term value.”
Demand for Cloudastructure’s AI-driven surveillance and remote guarding platform continues to grow, fueled by rising security concerns and expanding regulatory mandates in the real estate sector. In early 2025, the Company secured several high-profile contracts, including a deployment for a $1 billion residential investment firm at two major multifamily properties in the Washington, D.C. metro area. This engagement reflects a broader industry shift toward cloud-based security solutions that integrate safety, compliance, and operational efficiency. In addition, the Company strengthened its position in the multifamily sector with new customer wins and expanded deployments. A leading property management group deployed the platform across additional properties to meet updated video surveillance requirements. Additionally, a top U.S. multifamily investment firm, managing over 60,000 units, placed its largest order to date, underscoring the value of Cloudastructure’s AI-security solution.
In January 2025, Cloudastructure began trading its Class A common shares on the Nasdaq Capital Market through a direct listing—providing liquidity to existing shareholders without the dilution of a traditional IPO. The listing reflects the Company’s commitment to transparency, operational discipline, and long-term value creation, while enhancing visibility with public market investors.
To improve its cost structure and sustainability, Cloudastructure partnered with a crypto-mining company to transition AI hosting into a renewable energy-powered data center near Glacier Park, Montana. By leveraging low-cost hydroelectric power and naturally cool temperatures, the facility reduced data processing costs by more than 50% while lowering the Company’s carbon footprint.
Cloudastructure also expanded its cloud video surveillance platform and market reach through strategic partnerships and innovation. In collaboration with RVMP®, the Company launched Alpha™, a solar-powered mobile surveillance trailer equipped with AI analytics, remote guarding, and real-time monitoring—delivering a 97% deterrence rate in hard-to-secure locations such as construction sites and storage yards. To support accelerating demand, the Company plans to double its salesforce in 2025, expanding its reach across real estate, construction, and commercial sectors.
“2024 was a year of execution and transformation for Cloudastructure,” continued Mr. McCormick. “We launched new solutions, formed strategic partnerships, and expanded our footprint in key verticals. As crime rates rise and compliance requirements become more complex, our AI-powered surveillance and remote guarding platform continues to deliver real-time deterrence, scalability, and measurable ROI.”
“We entered 2025 with strong momentum and the trust of our customers. In addition, our Nasdaq direct listing marked a major milestone, boosting visibility and positioning us for accelerated growth. With a scalable platform, improving margins, and a clear path to cash flow positivity, we believe that we are well-prepared to lead the future of cloud-based AI security. Looking ahead, we remain committed to disciplined execution and building long-term shareholder value through sustainable growth and operational excellence.”
Financial Results for the Year Ended December 31, 2024
Revenue for the year ended December 31, 2024, totaled $1.4 million, a 125% increase from $0.6 million in 2023. Growth was driven by a 30% increase in new customer signings, with cloud video surveillance subscriptions up 48%, remote guarding up 404%, and hardware sales rising 250% year-over-year.
Cost of goods sold was $1.0 million, compared to $0.7 million in the prior year. The increase was primarily due to higher hardware and installation volumes, partially offset by a 37% reduction in hosting costs.
Gross profit was $0.4 million for 2024, compared to a gross loss of approximately $0.1 million in 2023, marking a significant improvement in gross margin performance.
General and administrative expenses were $1.2 million in 2024, compared to $2.4 million in 2023. The decline reflects reductions in consulting fees, payroll, and other operating expenses.
Net loss for 2024 was $6.5 million, or ($0.45) per share, compared to a net loss of $9.0 million, or ($0.60) per share, in 2023. The improvement was driven by revenue growth and operating efficiency.
The full financial results for the year ended December 31, 2024, are available in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission and accessible at: www.sec.gov, and on the Company’s website at: cloudastructure.com.
About Cloudastructure
Headquartered in Palo Alto, California, Cloudastructure’s advanced, award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary AI/ML analytics and a seamless remote guarding solution. This combination enables enterprise businesses to achieve proactive, end-to-end security while benefiting from a cost-effective model that eliminates proprietary hardware, offers contract-free month-to-month pricing, and includes unlimited 24/7 support. With Cloudastructure, companies can stop crime as it happens while achieving up to a 75% lower Total Cost of Ownership than other systems.
For more information, visit https://www.cloudastructure.com/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations.
Media Contact:
Kathleen Hannon
Sr. Communications Director
Cloudastructure, Inc.
Kathleen @lurqer
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
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Tahoe2468
3 semanas hace
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