Datavault AI Q2 revenue soars on commercialization of monetization, tokenization platforms
DVLT•Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $6.72 mln | $30.25 mln (2 Analysts) |
| Q2 Loss Per Share | $0.12 |
Result drivers
- Platform commercialization - Co said revenue growth was driven by progress in assembling and integrating technology and infrastructure to support commercialization of its data monetization and tokenization platforms
- Acquisitions and partnerships - Co said completion of NYIAX acquisition and agreement to acquire CyberCatch, as well as collaborations with Fiserv and Available Infrastructure, contributed to building out its integrated technology ecosystem
- New revenue streams - Co cited expanded sports and entertainment monetization initiatives and new patent license revenue as contributors to Q2 growth
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the it services & consulting peer group is "buy"
- Wall Street's median 12-month price target for Datavault AI Inc is $2.50, about 546.5% above its August 18 closing price of $0.39
