Overview
- Datavault reported Q1 revenue of $3.4 million, up 443% year over year but $16.58 million below estimates, with GAAP EPS at a loss of $0.09.
- The stock traded near $0.59 and fell about 13% in recent trading, leaving it down roughly 68% over the past six months.
- Management said it has more than $800 million in tokenization contracts, with about $100 million of fees expected to be recognized in 2026 to support its $200 million target.
- The company raised $60 million in a registered direct offering and secured a $120 million non-dilutive term sheet with Scilex to fund a quantum-ready GPU edge network.
- Quarterly gross margin slipped to 3% and the net loss widened to $53.1 million as operating expenses rose following the CompuSystems acquisition.