Datavault AI Inc. (NASDAQ:DVLT) shares soared after it reported third-quarter 2025 revenue of $2.904 million, up 148% from a year earlier and 67% sequentially.

Datavault posted a GAAP net loss attributable to common stockholders of $32.976 million, or 33 cents per share, compared with a loss of $7.345 million, or $1.39 per share, in the prior-year quarter.

Live Events generated $2.221 million in revenue, followed by Components at $630,000 and Consumer Audio Products at $53,000. For the first nine months of 2025, revenue totaled $5.268 million, up from $1.772 million a year earlier.

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Operating expenses reached $14.851 million, compared with $5.469 million in the prior year. The cost of revenue increased to $2.809 million. Gross profit for the quarter was $95,000, down ...