Cloudastructure, Inc. Class A (CSAI) AI Stock Analysis

• Market Cap: $23.75M
• Dividend Yield: N/A
• Average Volume (3M): 318.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.97
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 16
• Sector: Technology
• Sector Strength: 84
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 18,408,690
• 10 Day Avg. Volume: 289,779
• 30 Day Avg. Volume: 318,937
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 11.72
• Enterprise Value/Gross Profit: 30.65
• Enterprise Value/Ebitda: -4.37
• 1Y Price Target: $6.00
• Price Target Upside: 368.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 33 Underperform
• Price Target: ―

Cloudastructure, Inc. faces significant financial instability with negative equity and ongoing losses, despite strong revenue growth. The technical indicators suggest potential downward price momentum and high volatility, making the stock a risky investment. Valuation metrics highlight the company's challenges in achieving profitability, further weighing down the overall attractiveness of the stock.

Positive Factors

Financial Performance

CSAI reported 2Q25 revenue of $1.1M, up 267% year-over-year, beating the estimate of $0.8M.

Growth Potential

CSAI now serves 5 of the top 10 NMHC-ranked property management companies that own/control 10,000+ properties, which represents a potential $500M opportunity, alone.

Market Opportunity

CSAI is gaining substantial traction within property management and adjacent verticals that benefit from cloud-based, 24/7 proactive AI-video surveillance and remote guarding that offers contract-free pricing and up to ~75% lower cost of ownership vs. many competitor systems.

Negative Factors

Market Competition

Cloud video surveillance is a $50B+ TAM opportunity. The global video surveillance market is expected to grow at a CAGR of 8.5% to $88.7B by 2030.

Valuation Concerns

CSAI currently trades at 2027E EV/revenue multiple of 3.2x, which is inline with the peer average.

Cloudastructure, Inc. Class A Business Overview & Revenue Model

Company Description

Cloudastructure Inc. provides cloud-based video surveillance, storage, analytics, and monitoring products in the United States. The company offers AI surveillance, remote guarding, and mobile surveillance related services. It also offers smart parking solutions. The company was formerly known as Connexed Technologies Inc. and changed its name to Cloudastructure Inc. in September 2016. Cloudastructure Inc. was incorporated in 2003 and is based in Palo Alto, California.

How the Company Makes Money

Cloudastructure, Inc. generates revenue primarily through the sale and licensing of its cloud-based security and surveillance solutions. The company's key revenue streams include subscription fees for its software-as-a-service (SaaS) platform, which provides clients with video surveillance management, data storage, and analytics services. Additionally, Cloudastructure may engage in partnerships with hardware manufacturers to offer integrated security solutions, further enhancing its product offerings and market reach. The company also benefits from service contracts and maintenance agreements, providing ongoing support and updates to its clients.

Cloudastructure, Inc. Class A Financial Statement Overview

Summary

Cloudastructure, Inc. exhibits strong revenue growth, but this is overshadowed by persistent losses and negative equity, reflecting substantial financial instability. The company faces significant challenges in achieving profitability and maintaining liquidity, with financial statements indicating a high level of financial distress despite no debt burden.

Income Statement

Cloudastructure, Inc. shows significant growth in revenue from 2023 to 2024, increasing from $607,000 to $1,364,000, representing a growth rate of 124.71%. However, the company remains unprofitable with a net loss of $6,535,000 in 2024 and negative margins across the board. The gross profit margin improved to 27.41% in 2024, but the net profit and EBIT margins are deeply negative, indicating ongoing operational challenges.

Balance Sheet

The balance sheet reflects high financial instability with negative stockholders' equity of $504,000 in 2024, indicating more liabilities than assets. The equity ratio is negative, emphasizing financial distress. Despite no debt, the negative equity presents a significant risk for the company's financial health.

Cash Flow

While the company improved its free cash flow from a negative $5,759,000 in 2023 to a negative $3,304,000 in 2024, it continues to burn cash heavily. The negative operating cash flow to net income ratio of 0.50 in 2024 suggests that operating activities are not yet sufficient to cover losses, indicating potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	2.66M	1.36M	607.00K	489.00K
Gross Profit	1.02M	374.00K	-118.00K	-285.00K
EBITDA	-7.13M	-6.13M	-7.04M	-11.42M
Net Income	-7.49M	-6.54M	-9.01M	-11.63M
Balance Sheet
Total Assets	9.06M	615.00K	4.95M	12.33M
Cash, Cash Equivalents and Short-Term Investments	7.73M	52.00K	4.04M	9.41M
Total Debt	0.00	0.00	0.00	0.00
Total Liabilities	1.00M	1.12M	273.00K	178.00K
Stockholders Equity	8.06M	-504.00K	4.68M	12.15M
Cash Flow
Free Cash Flow	-5.47M	-3.30M	-5.76M	-12.73M
Operating Cash Flow	-5.31M	-3.28M	-5.72M	-10.92M
Investing Cash Flow	-161.00K	-27.00K	-43.00K	-1.80M
Financing Cash Flow	11.50M	-685.00K	387.00K	8.49M

Cloudastructure, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$35.51B	8.11	-11.05%	1.89%	8.55%	-8.72%
BLBX	55 Neutral	$23.68M	―	-81.80%	―	-17.76%	-11.90%
CXAI	47 Neutral	$16.85M	―	-89.23%	―	-15.10%	74.63%
CREX	46 Neutral	$24.51M	27.05	-4.28%	―	-6.24%	24.19%
CYN	45 Neutral	$36.67M	―	-108.13%	―	445.29%	87.35%
AIXI	38 Underperform	$16.08M	―	544.07%	―	19.01%	44.24%
CSAI	33 Underperform	$23.75M	―	-150.70%	―	―	―