Core AI Q2 Revenue Jumps 56% to $22.4M, Gross Loss Narrows 97%
CHAI sits 22% above its 52-week low of $0.25 on light trading volume (0.2× avg).
Summary
Core AI reported Q2 revenue of $22.4M, up 56% YoY, driven by optimized ad placements in its mobile games. Gross loss narrowed 97% to just $11K, approaching breakeven. Net loss widened to $1.6M from $758K, but operating cash flow turned positive at $5.5M for H1, and cash jumped to $12.0M from $1.9M at year-end. The company also announced four JV agreements for HPC/AI data centers, though no projects have been approved or financed yet. This follows a Nasdaq delisting notice and a blocked ATM program, so the improved liquidity and revenue trajectory are notable.
At the time of this announcement, CHAI was trading at $0.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.6M. The 52-week trading range was $0.25 to $15.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.