Why Cloudastructure Stock Is Soaring Tuesday

Cloudastructure Inc 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 strength of our recurring revenue model and the growing demand for intelligent, cloud-based security. As we enter 2025, we are energized by the continued support of our customers, partners, and investors, and remain focused on delivering cost-effective, AI-driven solutions that drive long-term value,” said James McCormick, CEO of Cloudastructure.

“With a scalable platform, improving margins, and a clear path to cash flow positivity, we believe that we are well-prepared to lead the future of cloud-based AI security.”

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How To Buy CSAI Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Cloudastructure's case, it’s in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

CSAI Price Action: Cloudastructure shares were up 129.1% at $10.14 at the time of publication Tuesday, according to Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.