India, April 1 -- Shares of Cloudastructure Inc. (CSAI) jumped nearly 40% after the cloud-based video surveillance platform reported full year 2024 results, with loss narrowing from last year driven by strong growth in revenues.
CSAI is currently trading at $6.17, up $1.73 or 39.03%, on a huge volume of 4 million shares, above average volume of 1 million, on the Nasdaq. The stock opened its trading at $6.00 after closing Monday at $4.44. The stock has traded between $4.22 and $52.43 in the past 52-week period.
Revenue for the year ended December 31, 2024, totaled $1.4 million, a 125% increase from $0.6 million in 2023.
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The company said the revenuew grow...