Cloudastructure Reports 164% Year-Over-Year Growth in Subscription Revenue for the Second Quarter 2026

About this update from Cloudastructure, Inc.

Revenue Mix Continued Shifting Toward Recurring, Higher-Margin Services as Gross Profit Increased 53% Year-Over-Year Commercial Momentum Continued Through Customer Expansion Across Multifamily, Commercial Real Estate and Critical Infrastructure Regains Compliance with Nasdaq Listing Requirement Conference Call to be Held on August 17, 2026 at 12:00 P.M. ET PALO ALTO, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Cloudastructure, Inc. ("Cloudastructure" or "the Company") (Nasdaq: CSAI), a leader in cloud-native AI surveillance and remote guarding solutions, today reported its financial results for the second quarter ended June 30, 2026 and provided a business update. "Our second quarter results demonstrate a deliberate shift toward a higher-quality, recurring revenue model," said James McCormick, CEO of Cloudastructure. "Subscription revenue grew 164% year-over-year and reached approximately 62% of total revenue, up from 27% a year ago. This mix shift drove 51% gross profit growth on 13% total revenue growth, establishing a more predictable, scalable, and higher-margin business." "While we're encouraged by the continued shift toward recurring revenue and stronger margins, we believe the bigger story is the progress we're making with customers and the broader evolution of the security industry," continued Mr. McCormick. "The first phase of this transition moved surveillance from passive recording to intelligent, cloud-native platforms capable of detecting and responding to events in real time. The next phase extends that transformation to the response itself, using AI-powered surveillance and live remote guarding to reduce reliance on traditional onsite security models. As customers continue modernizing their security infrastructure, Cloudastructure is well positioned to expand customer relationships, grow recurring revenue and capitalize on what we see as a significantly larger long-term market opportunity." Key Financial and Operational Highlights: Multifamily Expansion and Customer GrowthMultifamily remains the Company's largest and most established vertical, with significant expansion opportunities across its existing customer base. Earlier this month, the Company announced its third deployment with a luxury multifamily operator in Houston, expanding Cloudastructure's footprint to approximately 38% of the customer's Texas portfolio, demonstrating the Compan...

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