Latest news with #Cloudastructure
Globe and Mail
4 days ago
- Business
- Globe and Mail
Cloudastructure and Flex Security's Mobile Surveillance Trailer Alpha™ Wins 'Project Management Solution of the Year' at 2025 PropTech Breakthrough Awards; Recognized as Breakthrough Innovation in Construction Security
Proptech Breakthrough Awards PALO ALTO, CA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ('we,' 'us,' 'our,' 'Cloudastructure' or the 'Company') an award-winning leader in AI Surveillance and Remote Guarding, today announced that its Alpha™ platform—developed in partnership with Flex Security, a division of RVMP®—has been named 'Project Management Solution of the Year' for construction in the 5th Annual PropTech Breakthrough Awards. The program, conducted by PropTech Breakthrough, a leading independent market intelligence organization, recognizes the world's most innovative real estate technology companies and solutions. Alpha™ is a fully autonomous, solar-powered AI mobile surveillance trailer that seamlessly integrates Cloudastructure's AI surveillance and remote guarding platform with advanced hardware from RVMP® Flex Security. Designed for rapid deployment, live monitoring, and effective crime deterrence, Alpha is ideal for construction sites, storage facilities, auto dealerships, parking lots, events, and disaster relief zones. Alpha™ Features at a Glance: 3 HD PTZ cameras on a 27-foot mast Live HD horn for real-time intervention Programmable floodlights and strobe deterrents Upgradeable LiDAR and thermal imaging Solar-powered with automatic generator backup 24/7 live streaming capability 450-foot IR detection—2x industry-leading range Alpha is powered by Cloudastructure's award-winning AI Surveillance and Remote Guarding platform, which offers: A centralized dashboard providing a unified view of all locations for seamless scalability Advanced AI-driven analytics for enhanced threat detection and operational insight Rapid search capabilities to quickly locate critical footage A secure, enterprise-grade network architecture Fully integrated remote guarding for real-time intervention This combination ensures that 100% of all footage is continuously monitored by AI, while remote human guards respond only to AI-generated alerts. The result is greater efficiency, stronger crime deterrence, and reduced labor costs. Additional capabilities include virtual patrols, detailed incident reporting, and comprehensive forensic investigations. 'Alpha is redefining security with unmatched mobile video surveillance, backed by our AI and Remote Guarding platform, which delivers a 98% deterrence rate and stops crime in real time,' said James McCormick, CEO of Cloudastructure. 'We are honored to receive the 'Project Management Solution of the Year' award from PropTech Breakthrough and to share this recognition with our partners at Flex Security. Our commitment remains to provide end-to-end surveillance solutions that detect threats, deter crime, and send thieves running.' 'As we look ahead, our mission remains clear: to deliver advanced, end-to-end surveillance solutions that detect threats early, deter criminal activity, protect assets, and ultimately send thieves running. Alpha represents not just the next step, but a major leap forward in mobile surveillance technology.' 'Alpha sets a new standard in security. In construction, theft is a given, - with valuable goods stored outdoors estimated to range up to $1 billion annually. Despite 15 years of mobile surveillance trailers, stopping crime in real time remains a challenge,' said Bryan Vaughn, Managing Director of PropTech Breakthrough Awards. 'Alpha meets the relentless security challenges of construction theft in a manner that previous trailers could not. With its AI-driven Remote Guarding and advanced hardware, from both Cloudastructure and Flex Security, property owners can detect and respond to suspicious activity in real time, significantly reducing theft and vandalism no matter the environment.' The PropTech sector is rapidly redefining how people buy, sell, manage, and experience real estate, transforming one of the world's largest asset classes. From AI-driven property insights and digital transaction platforms to smart building technologies and sustainability solutions, PropTech is delivering greater efficiency, transparency, and sustainability. The mission of the annual PropTech Breakthrough Awards program is to shine a spotlight on the innovators and trailblazers who are not only keeping pace with this dynamic industry - but actively driving it forward. By conducting one of the PropTech industry's most rigorous evaluations of technology companies and solutions, reviewing thousands of award nominations each year, PropTech Breakthrough aims to inspire further innovation and help propel the real estate industry into a smarter, more connected, and sustainable future. ABOUT CLOUDASTRUCTURE Headquartered in Palo Alto, California, Cloudastructure's advanced award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit About Flex Security Flex Security, a division of RVMP®, specializes in mobile security solutions, leveraging RVMP's expertise in solar and generator technology to deliver reliable, innovative products. Its tagline, 'Always On Guard™,' reflects its mission to stop crime before it happens. About PropTech Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the PropTech Breakthrough Awards program is devoted to honoring excellence in technologies, services, companies and products that empower remote work and distributed teams around the globe. The PropTech Breakthrough Awards program provides a forum for public recognition around the achievements of technology companies and solutions in categories including messaging & communication, project management, virtual events, team collaboration, virtual offices, collaborative design and more. For more information visit Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose Media Contact: Kathleen Hannon Sr. Communications Director Cloudastructure, Inc. Kathleen@ (704) 574-3732 Investor Contact: Crescendo Communications, LLC 212-671-1020 CSAI@ Attachment Proptech Breakthrough Awards
Yahoo
5 days ago
- Business
- Yahoo
Cloudastructure Reports Record Q2 Growth Driven by 267% Revenue Increase Year-over-Year; Secures $2.7M in New Contracts and Achieves Record Installation Volumes Amid Surging Demand
Leading AI Surveillance Provider Expands Footprint Across Key Verticals, Surpasses 2024 Full-Year Contract Value in Just Six Months PALO ALTO, CA, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ('we,' 'us,' 'our,' 'Cloudastructure' or the 'Company'), a cloud-based video surveillance platform with artificial intelligence ('AI') and computer vision analytics, today announced financial results for the quarter ended June 30, 2025. The Company posted a 267% year-over-year revenue increase, realized a second consecutive quarter of gross margin profitability, and exceeded its entire 2024 signed contract value within the first half of the year. Fueled by adoption across multi-family, commercial real estate, affordable housing, and construction sectors, Cloudastructure accelerated deployment of its AI security platform, and maintained a 98% threat deterrence rate1 while achieving record installation volumes. 'This isn't just another strong quarter—it's a turning point for Cloudastructure,' said James McCormick, Chief Executive Officer. 'In the past three months, we have accelerated revenue growth, launched a new product category, entered high-opportunity verticals like construction, and maintained our track record of delivering projects ahead of schedule and achieved over 99% customer retention in the last year. Our platform is proving time and again that real-time deterrence powered by AI and remote intervention is not only more effective than traditional surveillance—it's more scalable, more cost-efficient, and more aligned with the urgent needs of property owners and operators today.' 'What we are seeing now is a fundamental shift in the security industry. Customers are no longer satisfied with legacy systems that simply record events. They want technology that helps prevent incidents and protect people and property proactively. Whether it's a multifamily developer looking to reduce liability, a housing authority trying to safeguard vulnerable communities, or a national builder securing remote job sites—organizations are turning to us because we offer a full-stack, flexible solution that actually delivers results. We are proud of what we accomplished in the first half of 2025 and are even more energized by what's ahead. With strong recurring revenue, operational momentum, and increasing brand recognition, we are executing with purpose and building a foundation for durable, long-term value creation—for our customers and our shareholders alike.' Market Momentum and Expansion In the first six months of 2025, Cloudastructure signed $2.69 million in total contract value over the next 12 months, marking a 274% increase year-over-year and a 79% gain over full-year 2024 totals. This surge was driven by a series of strategic wins across diverse high-need sectors. In public and affordable housing, the Company secured a four-property deployment with a Colorado-based nonprofit housing authority, deepening its footprint in HUD and Housing Choice programs. To support accessibility, Cloudastructure also introduced a new financing program, helping resource-constrained communities implement critical security measures without requiring upfront capital. In the mixed-use segment, a nationally ranked property manager tapped Cloudastructure to secure a flagship development, which gives the Company the opportunity to scale across its 15-state portfolio (including D.C) of over 30,000 units and 152 communities. Meanwhile, the Company made its official entry into the construction vertical with the first commercial sale of its Alpha™ Mobile Surveillance Trailer—a solar-powered, AI-enabled solution tailored to prevent job site theft and vandalism. Operationally, Cloudastructure completed its highest number of installations in a single month in July, including a major luxury deployment delivered four weeks ahead of schedule. In response to rising demand, the Company has doubled the size of its implementation team and is rapidly expanding its certified installer network. Innovation and Execution From January through June 2025, Cloudastructure's AI-powered security platform demonstrated its scalability and real-world impact, generating 5.37 million alerts and over 59,800 live audio interventions. These proactive responses contributed to a greater than 98% deterrence rate2, effectively preventing criminal activity across thousands of customer sites. A major advancement in the Company's AI capabilities came with the launch of Alpha™, a mobile surveillance trailer engineered to combat the growing $1 billion-plus problem of construction site theft. Powered by solar energy and equipped with autonomous monitoring features, Alpha™ provides around-the-clock protection in challenging environments, making it a compelling solution for remote and high-risk locations. 'We are building more than a company—we're helping to redefine what modern security looks like. The momentum we have achieved this quarter reflects deepening market demand for intelligent, scalable solutions that go beyond passive monitoring. Our platform isn't just recording events, it's stopping threats in real time, delivering measurable value, and adapting to the needs of customers in housing, commercial real estate, and construction. Signing more customer contracts in six months than we did all of last year, expanding into new verticals, and launching our Alpha™ mobile solution are all signs of what's possible when innovation meets execution. We are entering the second half of 2025 with real traction—and the infrastructure in place to scale it,' concluded Mr. McCormick. Q2 2025 Operating Highlights (All comparisons to Q2 2024) Hardware sales surged 863%. Remote guarding services revenue increased 151%. Cloud video surveillance subscription revenue rose 133%. Increased the number of customers served by 58%. Revenue from installation labor and other services climbed 167%. Financial Results for the Quarter Ended June 30, 2025 Revenue for the quarter ended June 30, 2025, totaled $1.1 million, a 267% increase from $0.3 million in the same period in 2024. This growth was fueled by a 58% year-over-year increase in the customer base and strong performance across all business lines. Cloud video surveillance subscription revenue grew 133%, while hardware sales surged 863%, reflecting heightened demand for both AI-driven software and system deployments. Additionally, installation and other services revenue climbed 167%, underscoring the Company's expanding operational capacity. Cost of goods sold was $0.7 million, up from $0.2 million in the prior year quarter. This increase reflects the rise in sales volume and installation activity, partially offset by a 15% reduction in hosting and data center bandwidth costs due to the Company's infrastructure transition. Gross profit for the quarter was $0.4 million, a 274% increase from $0.1 million in the second quarter of 2024 and the second consecutive quarter of positive gross margin. Net loss for the quarter was $2.0 million, compared to a net loss of $1.9 million in Q2 2024. The increase in net loss was primarily due to higher operating expenses, including new hires, expanded field operations, and marketing initiatives. Cloudastructure's second quarter results reflect accelerating customer adoption of AI-powered security solutions and continued improvements in operating efficiency. With a scalable cloud infrastructure and growing demand across multiple verticals, the Company remains focused on disciplined execution and long-term value creation. The full financial results for the quarter ended June 30, 2025, are available in the Company's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission and accessible at: and on the Company's website at: Conference Call Cloudastructure will host a conference call today at 12:00 PM Eastern Time to discuss the Company's financial results for the quarter ended June 30, 2025, as well as the Company's corporate progress and other developments. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 472349. A webcast of the call may be accessed at or on the investor relations section of the company's website, A webcast replay will be available on the investor relations section of the Company's website at through August 14, 2026. A telephone replay of the call will be available approximately one hour following the call, through August 28, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52816. About Cloudastructure Headquartered in Palo Alto, California, Cloudastructure's advanced, award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary AI/ML analytics and a seamless remote guarding solution. This combination enables enterprise businesses to achieve proactive, end-to-end security while benefiting from a cost-effective model that eliminates proprietary hardware, offers contract-free month-to-month pricing, and includes unlimited 24/7 support. With Cloudastructure, companies can stop crime as it happens while achieving up to a 75% lower total cost of ownership than other systems. For more information, visit Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as 'anticipate,' 'estimate,' 'believe,' 'continue,' 'could,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'seek,' 'should,' 'will,' 'would,' 'expect,' 'objective,' 'projection,' 'forecast,' 'goal,' 'guidance,' 'outlook,' 'effort,' 'target' or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statements expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties and other factors beyond our control. These factors include, but are not limited to, the fact that most of our customers are not bound to long-term agreements with us and could cancel our services at any time; cybersecurity risks, which may disrupt the services we provide or subject us to damaging data breaches; our ability to comply with evolving data privacy and other regulations; our ability to successfully deliver our products and services during this period of high growth; the significant competition we face in our industry, which we expect to accelerate as AI/ML solutions evolve; our ability to successfully protect our intellectual property and other rights; and similar factors. Please see the risk factors disclosed in the annual and quarterly reports we file with the SEC for additional risks to our future performance. We caution you against relying on any of the forward-looking statements in this release, as actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations. Media Contact:Kathleen HannonSr. Communications DirectorCloudastructure, Inc. Kathleen@ (704) 574-3732 Investor Contacts:Crescendo Communications, LLC212-671-1020CSAI@ 1 *98% deterrence of threatening activity based on internal metrics 2 *98% deterrence of threatening activity based on internal metrics
Yahoo
07-08-2025
- Business
- Yahoo
Cloudastructure Inc. Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
PALO ALTO, CA, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ('we,' 'us,' 'our,' 'Cloudastructure' or the 'Company') an award-winning leader in AI Surveillance and Remote Guarding, announced today that it will host a conference call on Wednesday, August 13, 2025, at 12:00 PM Eastern Time to discuss financial results for the 2025 second quarter and provide a business update. The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 472349. A webcast of the call may be accessed at or on the investor relations section of the company's website, A webcast replay will be available on the investor relations section of the Company's website at through August 13, 2026. A telephone replay of the call will be available approximately one hour following the call, through August 27, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52818. ABOUT CLOUDASTRUCTURE Headquartered in Palo Alto, California, Cloudastructure's advanced award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit Forward-Looking Statements Certain statements in this press release may be considered forward-looking, such as statements containing estimates, projections, and other forward-looking information. Forward-looking statements are typically identified by words and phrases such as 'anticipate,' 'estimate,' 'believe,' 'continue,' 'could,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'seek,' 'should,' 'will,' 'would,' 'expect,' 'objective,' 'projection,' 'forecast,' 'goal,' 'guidance,' 'outlook,' 'effort,' 'target' or the negative of such words and other comparable terminology. However, the absence of these words does not mean that a statement is not forward-looking. Any forward-looking statement expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and involve risks, uncertainties, and other factors beyond our control. Therefore, we caution you against relying on any of these forward-looking statements. Factors that could cause or contribute to such differences include the risks and uncertainties discussed in the reports that the Company has filed with the SEC, such as its Annual Report on Form 10-K. Actual outcomes and results may differ materially from what is expressed in any forward-looking statement. Except as required by applicable law, including U.S. federal securities laws, we do not intend to update any of the forward-looking statements to conform them to actual results or revised expectations. Media Contact: Kathleen Hannon Sr. Communications Director Cloudastructure, (704) 574-3732 Investor Contact: Crescendo Communications, LLC 212-671-1020 CSAI@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Cloudastructure CEO James McCormick Featured on 'The Big Biz Show'
PALO ALTO, CA, June 30, 2025 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. (Nasdaq: CSAI) ('we,' 'us,' 'our,' 'Cloudastructure' or the 'Company') a recognized leader in AI surveillance and remote guarding solutions today announced that James McCormick, CEO of Cloudastructure participated in an interview with 'The Big Biz Show,' an Emmy Award-winning nationally syndicated TV and radio show. During the interview, Mr. McCormick provided an overview of Cloudastructure's product offerings, highlighted how the integration of AI delivers a superior security solution, and shared his vision for the Company's future. The interview aired on cable TV and streaming services, including Roku, as well as on radio via The Biz Talk Radio Network, Armed Forces Radio, and iHeart Media in 175 countries. To access the full interview please click here. Podcasts of the show are available on iHeart Radio, Apple Podcasts, and TuneIn, as well as to subscribers of or About the Big Biz ShowWidely regarded as "Business with a Bite," the Big Biz Show is an Emmy Award-winning nationally syndicated radio and TV program. The fast-talking, hard-hitting show is hosted by Bob "Sully" Sullivan, who is also a weekly contributor on the FOX Business Network. For more information, go to About CLOUDASTRUCTURE Headquartered in Palo Alto, California, Cloudastructure's advanced award-winning security platform utilizes a scalable cloud-based architecture that features cloud video surveillance with proprietary, state-of-the-art AI/ML analytics, and a seamless remote guarding solution. The combination enables enterprise businesses to achieve proactive, end-to-end security, and pairs that platform with an attractive value proposition that eschews proprietary hardware and offers contract-free, month-to-month pricing and unlimited 24/7 support. With Cloudastructure, companies can achieve unparalleled situational awareness in real time and thereby stop crime as it is happening, while simultaneously achieving up to a 75% lower Total Cost of Ownership than other systems. For more information, visit Media Contact: Kathleen Hannon Sr. Communications Director Cloudastructure, (704) 574-3732 Investor Contact: Crescendo Communications, LLC 212-671-1020 CSAI@ in to access your portfolio
Yahoo
14-06-2025
- Business
- Yahoo
Cloudastructure partners with property management firm to protect community
Cloudastructure (CSAI) announced that a leading national property management firm, with assets across 18 states, has selected the Company's advanced AI Surveillance platform to enhance security at a prominent mixed-use community. The decision aims to address persistent security challenges affecting both residents and retail tenants. The property-a large-scale development that blends residential, retail, and commercial spaces-has faced escalating security challenges. Seeking a comprehensive, technology-driven solution, the company selected Cloudastructure to deploy its advanced, cloud-based AI security platform, engineered to deliver real-time threat detection and response. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CSAI: Disclaimer & DisclosureReport an Issue Cloudastructure expands presence in HUD, affordable housing markets Cloudastructure announces initial sales of Mobile Surveillance Trailer Alpha Cloudastructure reports Q1 revenue $700k vs 200k last year Cloudastructure secures largest contract in company history Cloudastructure partners with affordable housing leader for AI-driven security Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
