Why Cloudastructure Stock Is Soaring Tuesday

Cloudastructure Inc (NASDAQ:CSAI) shares are trading higher Tuesday on the heels of the company’s 2024 financial results. Here’s what you need to know.

What To Know: Cloudastructure reported full-year 2024 revenue of $1.4 million, up 125% on a year-over-year basis. The company reported a net loss of $6.5 million, or 45 cents per share, improved from a net loss of $9 million in 2023.

Cloudastructure said subscription revenue grew 48% year-over-year, remote guarding revenue soared 404% and hardware revenue increased 250%. The company noted that it increased its total new locations by 30% last year.

“These results highlight the ...

https://www.benzinga.com/news/earnings/25/04/44589883/why-cloudastructure-stock-is-soaring-tuesday