T Stamp, Inc. Class A (IDAI) AI Stock Analysis

• Market Cap: $4.63M
• Dividend Yield: N/A
• Average Volume (3M): 41.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• Revenue Growth: -34.68%
• EPS Growth: -265.79%
• Country: US
• Employees: 72
• Sector: Technology
• Sector Strength: 79
• Industry: Software - Application
• EPS (TTM): -3.52
• Shares Outstanding: 2,482,811
• 10 Day Avg. Volume: 30,676
• 30 Day Avg. Volume: 41,741
• PEG Ratio: -0.92
• Price to Book (P/B): 368.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -23.38
• Enterprise Value/Market Cap: 36.93
• Enterprise Value/Revenue: 13.14
• Enterprise Value/Gross Profit: 86.34
• Enterprise Value/Ebitda: -5.33
• 1Y Price Target: $8.00
• Price Target Upside: 330.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: $2.00 ▲(7.53%Upside)

T Stamp, Inc. receives a low overall score of 44, primarily due to significant financial challenges, including persistent net losses and negative cash flows. While the technical analysis indicates some positive momentum, the valuation remains a concern with a negative P/E ratio. The absence of earnings call insights and corporate events further limits the score.

Positive Factors

Operational Efficiency

The company's Orchestration Layer offering is expected to have higher margins than the company's previous service-based model.

Product Innovation

Trust Stamp's new product initiatives, targeting the government sector and leveraging age-estimation technology, are viewed as potential growth catalysts.

Strategic Partnerships

A new partnership with Qenta is expected to generate up to $4.3M in revenue for 2025, including a $1M one-time license fee and monthly service fees capped at $3.6M annually.

Negative Factors

Capital Requirements

The company ended March with $1.1M in cash and $1.0M in debt, projecting a likely need to raise capital or access its $6.1M equity distribution agreement to fund operations.

Financial Performance

T Stamp reported 1Q25 results with revenue of $0.5M vs. an estimate of $0.7M and adjusted EBITDA loss of ($1.9M) wider than the estimate of ($1.3M).

Market Valuation

IDAI currently trades at an EV/2025E revenue multiple of 1.3x vs. a peer group average of 6.0x.

T Stamp, Inc. Class A Business Overview & Revenue Model

Company Description

T Stamp Inc. develops and markets identity authentication software solutions for government, enterprise partners, and peer-to-peer markets in the United States, the United Kingdom, and Malta. The company's artificial intelligence powered solutions include researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity & trust predictions while identifying and defending against fraudulent identity attacks. Its solution converts biometric and other identifying data into an Irreversibly Transformed Identity Token that serves as a secure tokenized identity. The company also offers solutions for privacy and data protection, document validation, identity verification, duplicate detection, and biometric capture. It serves banking/fintech; humanitarian and development services; biometrically secured email; KYC/AML compliance; government and law enforcement; P2P transactions, social media, and sharing economy; and real estate, travel, and healthcare industries. The company was incorporated in 2016 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

T Stamp, Inc. generates revenue through a combination of licensing fees, software subscriptions, and service contracts. Key revenue streams include fees from the deployment of its identity verification platforms and solutions to clients in various industries. The company partners with organizations requiring robust identity verification processes, often on a subscription basis, which provides a steady income stream. Additionally, T Stamp, Inc. may engage in strategic partnerships and collaborations that enhance its market reach and contribute to its financial performance.

T Stamp, Inc. Class A Financial Statement Overview

Summary

T Stamp, Inc. faces significant financial challenges, primarily driven by persistent net losses and negative cash flows. Although it maintains a manageable debt level and a stable equity ratio, its profitability and cash conversion capabilities are areas of concern.

Income Statement

T Stamp, Inc. has faced significant challenges in maintaining revenue growth, with a consistent decrease in revenue over the periods. The TTM data shows a Gross Profit Margin of 64.85%, reflecting efficiency in controlling production costs relative to revenue. However, profitability remains a concern with a negative Net Profit Margin of -330.16%, indicating high operational costs and expenses. The continuous negative EBIT and EBITDA margins highlight ongoing operational inefficiencies.

Balance Sheet

The Balance Sheet shows a Debt-to-Equity Ratio of 0.27 in the TTM, indicating manageable leverage compared to industry standards. Return on Equity (ROE) remains negative due to persistent net losses, reflecting challenges in generating returns for shareholders. The Equity Ratio stands at 61.61%, suggesting a relatively stable capital structure with a considerable portion of assets financed by equity.

Cash Flow

T Stamp, Inc. exhibits challenges in cash flow management, with a negative Free Cash Flow in the TTM. The Operating Cash Flow to Net Income Ratio is negative, reflecting issues in converting income into cash. Despite these challenges, the company shows a pattern of raising capital through financing activities, which aids in addressing operational cash deficits.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.05M	3.08M	4.56M	5.39M	3.68M	2.65M
	Gross Profit
1.98M	2.01M	3.65M	3.60M	2.53M	1.13M
	EBIT
-8.68M	-9.37M	-7.89M	-12.08M	-8.83M	-8.21M
	EBITDA
-8.83M	-9.36M	-7.63M	-11.03M	-8.45M	-10.09M
	Net Income Common Stockholders
-10.08M	-10.61M	-7.64M	-12.09M	-8.91M	-10.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.14M	2.78M	3.14M	1.25M	3.48M	1.47M
	Total Assets
6.63M	8.60M	7.89M	6.41M	8.66M	4.81M
	Total Debt
1.10M	4.13M	1.09M	1.17M	856.26K	344.22K
	Net Debt
-42.22K	1.35M	-2.05M	-87.83K	-2.62M	-1.13M
	Total Liabilities
2.38M	5.41M	3.98M	5.79M	3.63M	2.74M
	Stockholders Equity
4.08M	3.03M	3.75M	463.70K	4.87M	1.91M
Cash Flow		Free Cash Flow
-8.97M	-9.73M	-7.86M	-7.32M	-7.48M	-4.99M
	Operating Cash Flow
-8.30M	-8.92M	-7.85M	-6.34M	-6.71M	-4.48M
	Investing Cash Flow
-981.01K	-906.67K	-401.68K	-998.19K	-768.35K	-512.16K
	Financing Cash Flow
9.63M	9.49M	10.21M	5.10M	9.35M	6.09M

T Stamp, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IDAI, the sentiment is Negative. The current price of 1.86 is below the 20-day moving average (MA) of 2.15, below the 50-day MA of 2.02, and below the 200-day MA of 3.59, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 37.20 is Neutral, neither overbought nor oversold. The STOCH value of 17.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IDAI.

T Stamp, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
VERB	53 Neutral	$10.07M	―	-66.08%	―	3125.00%	98.06%
SOPA	49 Neutral	$6.61M	―	-528.72%	―	-15.60%	64.21%
IDAI	44 Neutral	$4.63M	―	-369.03%	―	-34.68%	-265.79%
AMST		$13.26M	―	-107.30%	―	―	―
DATS		$10.94M	―	-53.43%	―	―	―
TGL	41 Neutral	$4.84M	―	-8.88%	―	-96.03%	95.03%

T Stamp, Inc. Class A Corporate Events

T Stamp Faces Delay in Special Stockholder Meeting

On March 18, 2025, T Stamp, Inc. announced that it was unable to hold a Special Meeting of Stockholders scheduled for May 15, 2025, due to insufficient votes for a quorum. This meeting was intended to ratify the issuance of warrants under a Securities Purchase Agreement with an institutional investor. As per the agreement, the company must call another meeting every ninety days until ratification is achieved or the warrants are no longer outstanding. T Stamp plans to hold another special meeting by August 13, 2025, to secure the necessary stockholder approval.

The most recent analyst rating on (IDAI) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on T Stamp, Inc. Class A stock, see the IDAI Stock Forecast page.