T Stamp Inc. has filed its Q1 10-Q report for the three months ending March 31, 2025. The company reported a recognized revenue of $545 thousand for Q1 2025, which represents a decrease from the $574 thousand recorded in the same quarter of 2024. Additionally, the report highlights that $197 thousand of revenue is fully earned but deferred under ASC 606. For the fiscal year 2025, Trust Stamp anticipates revenue from existing contracted customers to exceed $5.0 million, excluding projected revenue from non-revenue-generating contracted customers. The company projects continuing expense reductions throughout the rest of 2025, estimating new savings of $0.18 million per month compared to 2024 expenses. The cash burn for the remaining nine months of 2025 is projected to average $0.24 million per month, based on revenue from currently revenue-generating contracted customers. Trust Stamp believes that this projected burn is covered by existing cash on hand, supplemented by an unused $6.1 million "At The Market" equity distribution agreement, as well as anticipated revenues. In operational updates, the number of institutional customers registered on Trust Stamp's Orchestration Layer platform has increased to ninety-four from eighty at the end of Q4 2024. This growth includes the addition of twelve community banks and two credit unions.