Cloudastructure (NASDAQ:CSAI) Issues Earnings Results

Cloudastructure (NASDAQ:CSAI) announced its quarterly earnings results on Friday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. Cloudastructure had a negative net margin of 166.26% and a negative return on equity of 109.93%. The firm had revenue of $1.31 million for the quarter.

Here are the key takeaways from Cloudastructure’s conference call:

• Cloudastructure reported Q1 revenue of about $1.3 million, up 78% year over year, with management saying demand remains strong across both new wins and expansion within existing accounts.
• The company highlighted growing traction in its recurring subscription and remote guarding revenue, with gross profit up 115% year over year as the business mix continues to shift toward higher-margin recurring revenue.
• Management said it now serves 8 of the 10 largest multifamily property managers in the U.S. and is seeing a “land and expand” pattern where small initial deployments are turning into broader portfolio rollouts.
• The company announced its first large-scale entry into retail through a Master Services Agreement with a national retail REIT, covering three initial properties with potential expansion to 36 shopping centers.
• Management addressed a technical accounting classification issue tied to Series 1 and Series 2 preferred stock, saying it had no impact on cash, assets, or operations and has since been resolved through an amendment to the Series 2 terms.

Cloudastructure Stock Down 28.6%

CSAI stock opened at $0.30 on Friday. The stock has a market cap of $7.45 million, a price-to-earnings ratio of -0.74 and a beta of 1.01. Cloudastructure has a fifty-two week low of $0.25 and a fifty-two week high of $2.31. The business has a 50 day moving average price of $0.41 and a 200 day moving average price of $0.59.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cloudastructure in a research report on Monday, July 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cloudastructure currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Cloudastructure

Large investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Cloudastructure during the 2nd quarter worth $55,000. Citadel Advisors LLC purchased a new position in shares of Cloudastructure during the third quarter worth about $64,000. State Street Corp grew its holdings in shares of Cloudastructure by 26.0% during the fourth quarter. State Street Corp now owns 80,000 shares of the company’s stock worth $64,000 after buying an additional 16,500 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Cloudastructure by 104.6% in the third quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Cloudastructure by 27.3% during the fourth quarter. Geode Capital Management LLC now owns 196,921 shares of the company’s stock worth $159,000 after purchasing an additional 42,204 shares during the last quarter.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.