Trust Stamp quarterly revenue jumps as new client billings set to flow in Q2

Trust Stamp Inc (NASDAQ:IDAI, ISE:AIID) saw its net recognized revenue rise 39% rise in Q1, fueled by a bank client contract amendment, with revenue from two new customers set to begin in Q2. Net recognized revenue rose to $757,000 from $545,000 in the year-ago period, with the company attributing the gain primarily to a contract amendment with an S&P 500 bank customer that added $236,000 in recognized revenue compared to the prior-year quarter.