Street Calls of the Week
HOUSTON - Cloudastructure, Inc. (NASDAQ:CSAI), a cloud-based security technology company with a market capitalization of $27.09 million, has secured a contract to provide AI surveillance and remote guarding services for a luxury high-rise in downtown Houston, according to a press release statement issued Monday. The company has shown strong momentum recently, with InvestingPro data revealing a 13.18% stock return in the past week.
The property, valued in the hundreds of millions of dollars, encompasses over 400,000 square feet and represents the second major property where the ownership group has selected Cloudastructure as its security partner. This expansion aligns with the company’s growth trajectory, as InvestingPro data shows impressive revenue growth of 187.15% in the last twelve months, with analysts forecasting continued sales growth.
The Houston high-rise will utilize Cloudastructure’s AI/ML video analytics integrated with its remote guarding platform. This marks an expansion of the relationship between the property owner and the security technology provider.
"In just two months, our Remote Guards have addressed over 50 incidents at this site that have led to improved resident safety, rule enforcement, and prevented violence from escalating," said James McCormick, Cloudastructure CEO.
The company claims its technology has demonstrated a crime deterrence rate of up to 98% and can reduce physical guard costs by as much as 40% at properties where it has been deployed.
The first property in the ownership group’s portfolio that implemented Cloudastructure’s solution has reportedly experienced a reduction in security issues including loitering, trespassing, and suspicious activity.
Based in Palo Alto, California, Cloudastructure offers cloud-based video surveillance with AI analytics and remote guarding solutions. The company trades on the Nasdaq under the ticker symbol CSAI, maintaining a healthy gross profit margin of 38.25% and strong liquidity position with more cash than debt on its balance sheet. For detailed financial analysis and additional insights, investors can access over 10 more exclusive tips on InvestingPro.
In other recent news, Cloudastructure, Inc. reported significant growth in its contract value for the first half of 2025. The company signed contracts totaling $2.69 million, marking a 274% increase compared to $719,270 in the first half of 2024. This growth also represents a 79% increase over its full-year 2024 contract value of $1.5 million. Additionally, Cloudastructure launched a new video processing technology called MotionGi, which reduces bandwidth requirements and CPU utilization for its Cloud Video Recorders. This innovation allows customers to connect more cameras to each recording unit, potentially lowering deployment costs. Furthermore, Cloudastructure completed a security project at a luxury complex ahead of schedule, installing over 100 security cameras, speakers, and CVRs across extensive residential and retail spaces. These developments highlight the company’s ongoing efforts to enhance its technological offerings and expand its market presence.
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