Highlights

  • Second quarter Revenue was USD 1,233 thousand against USD 1,086 thousand a year earlier.
  • The net loss was USD 1,731 thousand against USD 2,186 thousand.
  • Cash and cash equivalents were USD 3.81 million at June 30, 2026.
  • A 1-for-30 Reverse Stock Split took effect on July 31, 2026.

Cloudastructure, Inc. (NASDAQ:CSAI) shares were trading near their all-time low at USD 1.65 on November 6, 2026, down 7.82% on the day. The company reported second quarter revenue of USD 1,233 thousand and a net loss of USD 1,731 thousand.

Cloudastructure describes itself as an innovator in cloud-native, AI-powered security solutions that deliver real-time situational awareness to enterprises.

Results

Revenue was USD 1,233 thousand against USD 1,086 thousand, and Gross Profit was USD 610 thousand against USD 400 thousand. Total operating expenses were USD 2,712 thousand against USD 2,324 thousand, and the loss from operations was USD 2,102 thousand against USD 1,924 thousand.

The net loss was USD 1,731 thousand against USD 2,186 thousand. The net loss available to common stockholders was USD 1,853 thousand against USD 3,147 thousand, or USD 2.32 per share against USD 5.52.

For the six months ended June 30, 2026, revenue was USD 2,548 thousand against USD 1,824 thousand. Gross profit was USD 1,320 thousand against USD 730 thousand, and the net loss was USD 5,076 thousand attributable to common stockholders against USD 5,463 thousand, or USD 6.33 per share against USD 9.95.

Expense Detail

General and administrative expenses decreased by USD 154,000, or 16%, in the quarter, including a USD 148,000, or 22%, decrease in salaries and benefits. Research and Development expenses decreased by USD 31,000, or 6%, with a USD 30,000, or 19%, decrease in consulting fees.

Cash and Going Concern Language

Cash and cash equivalents were USD 3,807 thousand against USD 8,453 thousand at December 31, 2025. The accumulated Deficit was approximately USD 55.8 million, and net cash used in Operating Activities was USD 4.46 million for the six months against USD 4,021 thousand.

Net cash used in financing activities was USD 130 thousand against cash provided of USD 11,852 thousand, and net cash used in investing activities was USD 49 thousand against USD 150 thousand. The filing discusses substantial doubt considerations in its Liquidity section.

Exchange Note and Listing

On June 30, 2026, the company issued an Exchange Note to Streeterville with an outstanding principal amount of approximately USD 1.19 million. The filing states that a delisting of the Class A common stock from Nasdaq would constitute an event of default under that note.

Total Assets were USD 5,959 thousand against USD 10,122 thousand at year end, and total liabilities were USD 2,442 thousand against USD 2,533 thousand. Share figures reflect a 1-for-30 reverse stock split effected on July 31, 2026, with 832,872 Class A shares outstanding at June 30, 2026 as adjusted.