Meta Platforms earnings missed by $5.63, revenue topped estimates
NEW YORK - Rezolve Ai (NASDAQ:RZLV), which has seen its stock surge over 350% in the past six months and maintains an impressive 82% gross profit margin according to InvestingPro data, issued a statement Monday to address misconceptions about its recent SEC filing while highlighting its partnerships and financial position.
The company clarified that its September 25 Form F-3 registration statement was filed to re-register existing shares previously registered on Form F-1, with no new shares issued and no dilution for current shareholders. The filing was described as an administrative requirement to provide flexibility for prior investors and reduce costs for the company.
Rezolve referenced its recently completed $200 million capital raise announced on September 26, which the company said would fund its global expansion. The company indicated it plans to register shares from this capital raise on Form F-3 in the coming days, in line with previously disclosed plans.
The statement emphasized that Rezolve’s partnerships with Microsoft and Google involve joint go-to-market commitments, technical integration, and coordinated customer engagements across retail and enterprise sectors.
Rezolve also highlighted its proprietary brainpowa™ LLM, which the company claims achieves "zero hallucinations" in enterprise deployments, and referenced customer case studies with retailers including Myntra, Crate & Barrel, and DFS.
The company announced it will release its first half 2025 financial results on October 1, when management expects to provide updates on revenue growth and enterprise adoption. Analysts tracked by InvestingPro project significant revenue growth of 183% for the current fiscal year, though the company remains unprofitable with -$138 million in EBITDA for the last twelve months. Get access to 10+ additional exclusive ProTips and comprehensive financial metrics with InvestingPro.
The information in this article is based on a press release statement from Rezolve Ai.
In other recent news, Rezolve Ai announced the closure of a $200 million private placement from institutional investors, marking one of the largest placements in the AI commerce sector this year. The financing was described as "significantly oversubscribed" and follows Rezolve’s inclusion in the Russell 2000 and 3000 indices. Additionally, the company reported that all private placement warrants issued in December 2024 have either been exercised or have lapsed. This move was part of a $15 million placing, with warrants expiring earlier than expected due to the company’s share performance.
In another development, H.C. Wainwright raised its price target for Rezolve Ai to $9 from $4, maintaining a Buy rating. This adjustment comes as Rezolve progresses toward its goal of reaching $100 million in annual recurring revenue by the end of 2025, with current revenues at approximately $70 million. Furthermore, Rezolve Ai is poised to benefit from its partnership with Tether, following the announcement of the USAT stablecoin. This collaboration aims to integrate crypto wallet payments into Rezolve’s Brain Checkout platform, facilitating the company’s expansion into the American market. These developments underscore Rezolve Ai’s strategic advancements and financial milestones.
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