Core AI Holdings Earnings Call Transcripts
Fiscal Year 2025
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The merger will create a global AI-driven gaming company, with Siyata shareholders owning at least 10% of the combined entity. The deal is expected to unlock significant value, drive revenues above $100 million in 2025, and position the company for long-term growth.
Fiscal Year 2024
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Q3 2024 revenue surged 218% year-over-year to $5.9 million, marking a record quarter, with strong U.S. sales and rising demand for SD7 handsets. Gross margin improved, but higher marketing costs led to a larger adjusted EBITDA loss. Management expects continued growth and profitability ahead.
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Q2 2024 revenue declined year-over-year due to working capital constraints, but a strong order backlog and recent capital raises position the company for significant growth in the second half of 2024. Gross margin fell due to a one-time transaction, while SG&A and adjusted EBITDA losses increased.