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Brand Engagement NetworkA
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2026-08-26
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Investor releaseQuarter not tagged2026-08-26

Earnings To Watch: Brand Engagement Network Inc (BNAI) Reports Q2 2026 Result

GuruFocus.com

This article first appeared on GuruFocus. Brand Engagement Network Inc (NASDAQ:BNAI) is set to release its Q2 2026 earnings on Aug 27, 2026. The consensus estimate for Q2 2026 revenue is 0.1 million, and the earnings are expected to come in at -0.8 per share. The full year 2026's revenue is expected to be $4.7 million and the earnings are expected to be $-2.42 per share. More detailed estimate data can be found on the Forecast page Warning! GuruFocus has detected 2 Warning Signs with BNAI. Is BNAI fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for Brand Engagement Network Inc (NASDAQ:BNAI) have increased from $2.5 million to $4.7 million for the full year 2026, and from $8 million to $10 million for 2027. During the same period, earnings estimates have improved from $-4.7 per share to $-2.42 per share for the full year 2026, and from $-3.6 per share to $-2.03 per share for 2027. In the previous quarter of 2026-06-30, Brand Engagement Network Inc's (NASDAQ:BNAI) actual revenue was $0.06 million, which missed analysts' revenue expectations of $0.1 million by -43%. Brand Engagement Network Inc's (NASDAQ:BNAI) actual earnings were $-0.49 per share, which beat analysts' earnings expectations of $-0.8 per share by 38.75%. After releasing the results, Brand Engagement Network Inc (NASDAQ:BNAI) was up by 0.94% in one day. Based on the one-year price targets offered by 1 analysts, the average target price for Brand Engagement Network Inc (NASDAQ:BNAI) is $20 with a high estimate of $20 and a low estimate of $20. The average target implies an upside of 48.59% from the current price of $13.46. Based on the consensus recommendation from 1 brokerage firms, Brand Engagement Network Inc's (NASDAQ:BNAI) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Investor releaseQuarter not tagged2026-08-20

Brand Engagement Network Q2 Earnings Call Highlights

MarketBeat
Interested in Brand Engagement Network Inc.? Here are five stocks we like better. Cataneo acquisition expands BEN’s media business: Completed June 30 for approximately $13.7 million in GAAP consideration, the deal adds a platform managing more than €6 billion in annual advertising inventory across over 1,000 media brands. Cataneo generated about $5.3 million in first-half 2026 revenue, but contributed nothing to BEN’s reported second-quarter results because the acquisition closed at quarter-end. Balance sheet improved and new growth initiatives launched: Total assets increased to $30.7 million, shareholders’ equity rose to $19.4 million, and debt and liabilities declined. BEN also launched a healthcare AI joint venture, invested $1 million in fleet-management company Accelevate, and introduced an AI-powered transportation media initiative with Cataneo. Revenue conversion remains the central priority: BEN is focused on turning pilots and evaluations into recurring enterprise deployments in healthcare, automotive and fleet mobility, and media advertising. Management said future success will depend on commercial traction from Cataneo, joint ventures and partnerships, without providing a timetable for revenue recognition. Brand Engagement Network (NASDAQ:BNAI) said its second quarter of 2026 was marked by the completion of its acquisition of Germany-based media advertising technology company Cataneo, expansion into healthcare and mobility initiatives, and improvements in its balance sheet. Chief Executive Officer Tyler Luck said the company is seeking to build AI technology that helps organizations make customer, patient, passenger and other interactions more actionable. BEN is currently focusing commercial efforts on healthcare, automotive and fleet mobility, and media and advertising, while aiming to convert pilots and evaluations into recurring revenue-generating deployments. → Datavault AI Locks Down CyberCatch in $94M Security Rollup BEN completed its acquisition of Cataneo on June 30. Cataneo provides software for media companies to manage advertising across broadcast, digital and on-demand channels, including scheduling, invoicing, analytics and reporting. Luck said Cataneo’s platform manages more than €6 billion in annual advertising inventory across more than 1,000 media brands worldwide. Because the transaction closed on the final day of the quarter, C…Read full document

Interested in Brand Engagement Network Inc.? Here are five stocks we like better. Cataneo acquisition expands BEN’s media business: Completed June 30 for approximately $13.7 million in GAAP consideration, the deal adds a platform managing more than €6 billion in annual advertising inventory across over 1,000 media brands. Cataneo generated about $5.3 million in first-half 2026 revenue, but contributed nothing to BEN’s reported second-quarter results because the acquisition closed at quarter-end. Balance sheet improved and new growth initiatives launched: Total assets increased to $30.7 million, shareholders’ equity rose to $19.4 million, and debt and liabilities declined. BEN also launched a healthcare AI joint venture, invested $1 million in fleet-management company Accelevate, and introduced an AI-powered transportation media initiative with Cataneo. Revenue conversion remains the central priority: BEN is focused on turning pilots and evaluations into recurring enterprise deployments in healthcare, automotive and fleet mobility, and media advertising. Management said future success will depend on commercial traction from Cataneo, joint ventures and partnerships, without providing a timetable for revenue recognition. Brand Engagement Network (NASDAQ:BNAI) said its second quarter of 2026 was marked by the completion of its acquisition of Germany-based media advertising technology company Cataneo, expansion into healthcare and mobility initiatives, and improvements in its balance sheet. Chief Executive Officer Tyler Luck said the company is seeking to build AI technology that helps organizations make customer, patient, passenger and other interactions more actionable. BEN is currently focusing commercial efforts on healthcare, automotive and fleet mobility, and media and advertising, while aiming to convert pilots and evaluations into recurring revenue-generating deployments. → Datavault AI Locks Down CyberCatch in $94M Security Rollup BEN completed its acquisition of Cataneo on June 30. Cataneo provides software for media companies to manage advertising across broadcast, digital and on-demand channels, including scheduling, invoicing, analytics and reporting. Luck said Cataneo’s platform manages more than €6 billion in annual advertising inventory across more than 1,000 media brands worldwide. Because the transaction closed on the final day of the quarter, Cataneo’s revenue did not contribute to BEN’s reported full second-quarter results. → Michael Burry Is Betting Against Palantir Again—Should Investors Care? On an unaudited basis, Chief Financial Officer and Chief Operating Officer Walid Khiari said Cataneo generated about $5.3 million of revenue in the first half of 2026, with operating income of $744,000 and net income of $409,000. Khiari said the acquisition’s stated aggregate consideration was $19.5 million, while the acquisition-date fair value of consideration transferred under U.S. GAAP was approximately $13.7 million. That amount included about $9 million in cash, $4.3 million in common stock and approximately $400,000 in other consideration. → Home Depot Analysts See a Path to $375 and Beyond Luck said BEN is integrating Cataneo’s media-management infrastructure with its AI capabilities and intends to expand Cataneo’s established business into the U.S. market. He also said Cataneo has internally implemented AI-assisted workflows for infrastructure, software delivery, troubleshooting, testing, documentation and knowledge retrieval, resulting in more than a 30% improvement in productivity and workflow efficiency across those functions, according to the company. Khiari said total assets rose to $30.7 million as of June 30, from $15 million at Dec. 31, primarily due to approximately $10.8 million in goodwill and intangible assets related to the Cataneo transaction. Shareholders’ equity increased to $19.4 million from $3.5 million at year-end. Cash and cash equivalents rose to $708,000 from $172,000. Accounts payable declined by $1.8 million. Short-term debt decreased by nearly $1 million. Accounts payable, short-term debt and warrant liabilities collectively declined by $3.3 million. The company was added to the Russell 3000 Index on June 26 as part of the annual reconstitution, which also resulted in its inclusion in the Russell 2000 Index, Khiari said. In June, BEN launched INTERVENT Health AI, a 50/50 joint venture with INTERVENT International. Luck said the venture combines INTERVENT’s evidence-based health coaching programs with BEN’s AI technology. INTERVENT Health AI appointed James Hughes as chief executive officer to lead commercialization and development. BEN also completed a $1 million strategic investment in fleet-management company Accelevate Solutions during the quarter. The investment gave BEN approximately 10% ownership of Accelevate, along with a warrant that could raise its ownership stake to about 20%. After the quarter ended, BEN and Cataneo launched an AI-powered Transportation Media Network intended to turn connected vehicle fleets into an advertising channel. Luck said the initiative combines transportation-system data and BEN’s engagement technology with Cataneo’s media-management and monetization infrastructure. The company also discussed healthcare and education efforts outside the United States. Through Skye Africa Intelligence, BEN has been working with Nelson Mandela University on an AI-powered student well-being initiative. On Aug. 5, Skye Africa Intelligence signed a memorandum of understanding with the East, Central and Southern Africa Health Community to explore AI-enabled health solutions across member states. In Mexico, BEN’s Skye Salud program advanced into a second evaluation phase involving primary care and Spanish-language content optimized for the Mexican healthcare environment. The platform is designed to help healthcare professionals access medical evidence and was initially evaluated in rheumatology, Luck said. Responding to a shareholder question about consistent revenue generation, Khiari said BEN is concentrating on commercializing existing products in large markets where weak customer engagement is costly. He cited advertising, fleet management and healthcare as targeted markets and said the company is using acquisitions, joint ventures and partnerships to pursue them. Luck said Cataneo represents both an established revenue-generating business and a platform for further innovation. The company intends to invest in commercial resources and infrastructure to expand Cataneo geographically while incorporating BEN’s AI technology into advertising, content and monetization workflows. Regarding preferred-equity interests tied to Grupo Skye, INTERVENT Health AI and Skye Africa arrangements, Khiari said those interests are carried at nominal value under current GAAP treatment. He said the key measure of success for those ventures will be revenue generated, which would be reflected in BEN’s statements of operations and cash flows. Khiari did not provide a timetable for revenue recognition, saying it would depend on commercial traction and adoption. Luck said BEN’s priorities are to complete Cataneo’s operational, technical and financial integration; advance early-stage opportunities into enterprise deployments; scale healthcare and mobility activities; and pursue operating leverage through disciplined capital allocation and internal efficiency gains. Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Brand Engagement Network Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

TranscriptFY2026 Q22026-08-20

FY2026 Q2 earnings call transcript

Earnings source - 48 paragraphs
Operator

Good day, and welcome to Brand Engagement Network's second quarter 2026 earnings conference call. Today's call is being recorded. At this time, all participants are in a listen-only mode. After management's prepared remarks, we will open the call for a question and answer session. Before we begin, please note that today's call may include forward-looking statements. Actual results could differ materially from those statements due to a variety of factors as described in BEN's filings with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q. These statements speak only as of today, and BEN undertakes no obligation to update them. I would now like to turn the call over to Tyler Luck, Chief Executive Officer of Brand Engagement Network. Tyler, please go ahead.

Tyler Luck

Thank you, operator, and thank you all for joining us today. Before I talk about the quarter, I want to take a step back and explain what we're actually building at BEN, because I believe the progress we've made this quarter is best understood in that context. We believe we're at an important point in the evolution of AI. The technology is moving from experimentation toward being embedded directly into real-world workflows, customer experiences, and business operations. BEN builds technology that helps organizations, businesses, brands, make every interaction with the people they serve more intelligent and actionable. Our name, Brand Engagement Network, captures the idea behind our company. A brand is the organization, product, service, property, or experience on one side of an interaction. Engagement is the interaction itself.

Tyler Luck

So a hotel interacting with a guest, a healthcare system interacting with a patient, a vehicle interacting with a driver or passenger. The network is the technology connecting the organization, the person, the environment, the data, the experience, and ultimately, the action. Today, organizations and brands have thousands of these interactions with people every day, but much of the information and opportunity within those interactions is lost once the interaction is over. We believe AI gives organizations and brands the ability to understand those interactions, act on them, and create more value from them. That's the opportunity we're pursuing at BEN. We are building proprietary AI that can understand what's happening, engage with people and environments, personalize experiences, and increasingly take action. We don't think about this as being limited to just conversations. Engagement is much bigger.

Tyler Luck

It can happen in a hotel, a vehicle, a healthcare environment, a media platform, an enterprise workflow, or an entirely new environment that hasn't even been created yet. The question is: how do we turn an interaction into something useful and actionable rather than letting it simply end? That's what we're building toward. This quarter, we made meaningful progress turning that vision into reality. The second quarter of 2026 was defined by three things. First, completing the Cataneo acquisition and significantly expanding the scale of the company. Second, continuing to move initiatives from pilots and evaluations towards structured commercial deployments and revenue opportunities. Third, strengthening our balance sheet while continuing to operate with discipline as we scale. Let me first walk through each of these.

Tyler Luck

The second quarter, as I mentioned, was one of the most significant in BEN's history. On June 30, we completed our acquisition of Cataneo, a Germany-based media advertising technology company with 24-plus years of history serving major media companies. Cataneo's software powers the way media companies manage advertising across broadcast, digital, and on-demand channels, including scheduling, management, invoicing, analytics, and reporting. Today, the platform manages more than €6 billion in annual advertising inventory across more than 1,000 media brands worldwide. Cataneo brings an established platform, a talented team, customers, industry expertise, revenue, and a global market presence to BEN. We're all seeing the benefits of AI directly inside the Cataneo business. Over the past eight months, our Cataneo team has internally incorporated AI-assisted workflows across infrastructure, software delivery, troubleshooting, testing, documentation, and internal knowledge retrieval.

Tyler Luck

As a result, we've seen more than a 30% improvement in productivity and workflow efficiency across these areas. We're also seeing that through faster troubleshooting and software delivery, less repetitive work, and better access to operational knowledge. Importantly, much of this capability operates within our own controlled environment, giving us clear visibility into where AI is being used and the productivity gains it is generating. We believe this is an early example of the value AI can create not only in our products, but inside the business we operate. I want to spend a moment on why Cataneo matters strategically. Global advertising spending is expected to exceed $1 trillion this year, making it one of the largest markets in the global economy. At the same time, brands are demanding greater efficiency, better attribution, and more relevant engagement.

Tyler Luck

We believe applying AI to a platform like Cataneo's is an opportunity to address exactly that need. We don't view Cataneo as an advertising company sitting alongside an AI company. We view it as another important layer of the engagement ecosystem we are building. An interaction happens, technology can understand it, AI can make the experience more intelligent and personalized. That interaction can ultimately lead to an action, a transaction, or in certain environments, a new opportunity for monetization. That's where Cataneo becomes particularly interesting. Cataneo's MYDAS platform provides infrastructure for media management and monetization. BEN brings AI and intelligent engagement technology. Together, we have the opportunity to connect intelligence, engagement, and monetization across a broader set of environments. We're already beginning to see the financial impact of bringing these capabilities together.

Tyler Luck

The Cataneo acquisition closed on June 30, so its revenue contribution was not reflected in our reported results for the full second quarter. On a pro forma basis, as disclosed in the Form 10-Q, Cataneo's contribution would have meaningfully increased our revenue base for the first half of 2026. Walid will walk through the financial details in a moment. As we look ahead, it's important to clarify that BEN is not an industry-specific technology company. Our technology is designed to work anywhere there is meaningful connection between an organization, brand, and the people it serves. That can be a healthcare organization interacting with a patient, a hotel interacting with a guest, a government agency interacting with a citizen, a mobility platform connecting people and vehicles, or a media company connecting a brand with an audience.

Tyler Luck

The industry can change. The underlying engagement opportunity does not. That is what we mean when we talk about engagement. We're currently focused on driving commercial activity in healthcare, mobility through automotive and fleet applications, and media and advertising, but those are not limitations on where BEN can operate. They are areas where we see strong opportunities today. That's important because the same underlying technology can be applied across very different environments. Wherever there's an organization trying to understand, engage with, and create value from its interactions with people, we believe BEN has an opportunity to participate. This is also why Cataneo is strategically important. Cataneo gives us an established infrastructure with the media and advertising ecosystem, where global advertising spend, as I mentioned, is expected to exceed $1 trillion this year.

Tyler Luck

As BEN expands intelligent engagement into healthcare, mobility, hospitality, government, and other environments, we believe there may be opportunities to connect those interactions with brands, content, media, and ultimately monetization. The opportunity isn't to build a separate AI product for every industry. It's to build an underlying engagement technology that can be applied across industries, and then connect that engagement to increasingly valuable outcomes. That's the broader opportunity we see for BEN. Getting into healthcare. In June, we launched INTERVENT Health AI, a 50/50 joint venture with INTERVENT International. INTERVENT has spent more than 25 years developing and validating evidence-based health coaching programs, and these programs have served more than 2 million individuals and are supported by more than 120 published scientific abstracts and manuscripts.

Tyler Luck

BEN brings the AI technology that can help those proven health coaching programs into scalable AI-powered experiences. To lead that effort, INTERVENT Health AI recently appointed James Hughes as CEO, where he will lead the commercialization and development of the joint venture. The goal isn't to replace the human health coach. It's to use AI to extend the reach, consistency, and availability of the coaching itself, helping more people access evidence-based support at greater scale. There is an organization with expertise, content, data, and a proven way of serving people. There is a person who needs that expertise. AI creates a new way for those two sides to interact more continuously, more personally, at a significantly greater scale. We see that as an important example of how BEN can apply its technology within a high-value engagement environment.

Tyler Luck

We see a similar opportunity in automotive and mobility. During the quarter, we completed a $1 million strategic investment in Accelevate Solutions, acquiring approximately 10% of the company, with a warrant that would increase our ownership to approximately 20%. Accelevate operates in fleet management, where organizations interact with people, vehicles, and physical environments in real time. That gives us another environment where BEN can apply intelligence to transportation data, operations, and engagement. Shortly after the quarter closed, we took that opportunity a step further. Together with Cataneo, we launched an AI-powered Transportation Media Network designed to turn connected vehicle fleets into a new advertising channel. We think this is a good example of how the different pieces of BEN can come together. A passenger gets into the vehicle. That creates an interaction.

Tyler Luck

The vehicle and transportation system generate data. BEN can bring intelligence and engagement into that experience, while Cataneo provides the infrastructure to manage and monetize the media opportunity. An everyday transportation experience can potentially become more intelligent while creating a new economic opportunity around that engagement. Another important part of our strategy is how we build relationships around the technology. Our work in Africa is a good example. Through Skye Africa Intelligence, we have been building relationships across healthcare, government, education, and local technology partners. One relationship we continue to develop is with Nelson Mandela University. We initially began working with the university around an AI-powered student well-being initiative designed to provide students with an additional governed channel for wellness support. What is important to us is that this goes beyond simple deploying software.

Tyler Luck

The university wants to create a connection between its students and its technology, and we want the connection as well. It gives BEN an opportunity to understand how people actually interact with AI in a real institutional environment while giving the university and its students access to technology that can complement the services they already provide. We believe these types of relationships are important because the best technology is built through engagement with the people and environments it is designed to serve. That relationship is now expanding beyond the university. On August 5, Skye Africa Intelligence signed a memorandum of understanding with the East, Central and Southern Africa Health Community to explore the deployment of AI-enabled health solutions across its member states.

Tyler Luck

The relationship includes AI-enabled health analytics, expansion of the student mental health and wellbeing solution, potential deployment of IyakuHealth and Skye Salud, and regional AI capabilities and training. What started with the relationship between technology and a university is becoming a broader network involving universities, healthcare organizations, technology companies, and regional health authorities. We do not just want to put our AI into an organization. We want to build technology that becomes part of how that organization engages with the people it serves. We are taking a similar approach in Latin America through Grupo Skye, including our Skye Salud program in Mexico. Skye Salud is an AI-powered medical evidence platform designed to help healthcare professionals access and work with trusted medical information.

Tyler Luck

What is important to us is that we are not simply putting an AI product into the market and calling it finished. We are evaluating it in real clinical environments, learning from those interactions, and using what we learn to improve the technology. In the first phase, we focused on rheumatology and evaluated the platform's ability to provide accurate responses, maintain evidence traceability, and clearly identify its sources. We successfully completed that initial evaluation and in June advanced Skye Salud into phase II, expanding the evaluation into primary care and Spanish language content optimized for the Mexican healthcare environment. This gives us the opportunity to work directly with healthcare professionals, understand how they use the technology, test it against real clinical needs, and use those insights to guide future development and potential commercialization.

Tyler Luck

Again, that is the type of relationship we want to build around BEN's technology. Not simply selling software, but working with organizations and the people they serve to develop technology that becomes more useful through real-world engagement. As we move forward, one of our biggest priorities is converting the work we have started into repeatable commercial revenue. We are increasingly focused on creating a clear distinction between early-stage conversations, evaluations, pilots, and actual commercial deployments. Our objective is to move more of those opportunities through the funnel and into recurring revenue-generating relationships. At the same time, as we grow, we are equally focused on how efficiently we grow. AI is not only something we are building into our products. We're using it internally to increase output, reduce repetitive work, and improve the efficiency of our teams.

Tyler Luck

The more we can increase the amount of work our organization can accomplish without proportionally increasing our cost base, the greater the operating leverage we can create as the business scales. The goal is not simply to spend more to grow, it's to grow more intelligently. Our focus now is execution against four clear priorities. First, fully integrate Cataneo. We're focused on completing the operational, technical, and financial integration of Cataneo while identifying opportunities to connect its established media infrastructure with BEN's AI technology. Second, accelerate commercial pipeline conversion. We want to continue moving active pilots, evaluations, and other early-stage opportunities towards revenue-generating enterprise deployments. Third, scale our healthcare and mobility verticals. Our plan is to continue expanding adoption through our joint ventures, strategic investments, and commercial partnerships, including INTERVENT Health AI and Accelevate Solutions.

Tyler Luck

Fourth, drive operating leverage. Our goal is to maintain disciplined capital allocation while scaling revenue, improving operational efficiency, and creating measurable value for shareholders. The opportunity is significant, but our priority now is turning these capabilities and relationships into repeatable commercial revenue, and doing so with disciplined capital allocation. Looking ahead, when you step back and look at these initiatives together, the common thread isn't the industry, it's the interaction. Healthcare, mobility, media, hospitality, and education are different environments, but they all involve organizations interacting with people and their environments. That's where we believe BEN's technology can create value. When you look at BEN today, I don't want investors to think of us as a collection of unrelated AI products or vertical markets. The applications may be different, but the underlying technology and opportunity are connected.

Tyler Luck

BEN is the technology company. Engagement is where that technology gets applied. The opportunity exists wherever organizations, businesses, brands interact with people and their environments. Our objective is to make those interactions more intelligent, more actionable, and more valuable. That's why I believe the opportunity in front of BEN is much larger than simply building another conversational AI product. We're building technology around how organizations engage with people and their environments. Our focus now is execution, integrating Cataneo into BEN, converting more of our commercial pipeline into revenue, expanding our healthcare and mobility verticals, continuing to develop our technology, and doing all of that with disciplined capital allocation. That is the company we're building at BEN, and that is the opportunity we see ahead.

Tyler Luck

With that, I'll turn the call over to our CFO and COO, Walid Khiari, who will walk you through our financial results.

Walid Khiari

Thank you very much, Tyler, and good day, everyone. Our second quarter results reflect meaningful progress in strengthening BEN's balance sheet and expanding our asset base, primarily driven by the Cataneo acquisition. Additionally, I'm pleased to report that on June 26th, we were added to the Russell 3000 Index as part of this year's annual reconstitution for that index, which also brought concurrent inclusion in the Russell 2000 Index, which increases our visibility with institutional investors. Let's go over some of the financial highlights. Our total assets increased to $30.7 million as of the end of June, up from $15 million as of December 31st of last year. This was driven primarily by approximately $10.8 million of goodwill and intangible assets related to the Cataneo acquisition.

Walid Khiari

Shareholders' equity increased to $19.4 million as of the end of June, up from $3.5 million as of the end of last year. Cash and cash equivalents increased to $708,000 as of the end of June, up from $172,000 as of the end of December last year. Accounts payable decreased by $1.8 million, and short-term debt decreased by nearly $1 million. Combined with a reduction in warrant liabilities, these items declined by a combined $3.3 million. As it relates to the Cataneo acquisition, the total stated aggregate consideration under the definitive agreement that we signed was $19.5 million. However, for US GAAP accounting purposes, the consideration transferred was measured at its acquisition date fair value of approximately $13.7 million, which consists of three pieces. First, cash for approximately $9 million.

Walid Khiari

Second, the fair value of common stock that we issued at approximately $4.3 million. And third, other considerations for about $400,000. The difference between the stated aggregate consideration per the agreement and the fair value of the consideration transferred is primarily attributable to the acquisition date fair value of the company's common stock issued in the transaction. I think at this stage, it's also important for us to share further financial information on Cataneo as a business. On an unaudited basis, Cataneo's revenue for the first half of the year was about $5.3 million, with operating income of $744,000 and net income of $409,000. We've been hard at work integrating BEN's operation with Cataneo's, as Tyler mentioned, and we expect to deliver on cost synergy opportunities by the end of the calendar year.

Walid Khiari

A more detailed summary of BEN's Q2 financial results is included in our 10-Q for the quarter ending June 30th, which was filed with the SEC last Friday, August 14th, 2026. From our perspective, this has been a very exciting quarter for all of us at BEN. We are invigorated by the addition of our new colleagues from Cataneo, and we look forward to working as a unified team to deliver on our shared vision to help brands better engage with their audiences. With that, I'll hand it back to the operator to begin our Q&A session.

Operator

Thank you, Walid. We will now begin the question and answer session. If you would like to ask a question, please press star, then the number one on your telephone keypad to raise your hand and join the queue. If you would like to withdraw your question, simply press star one again. Your first question comes from Once again, to ask a question at this time, please press star, then the number one on your telephone keypad. Your first question comes from Patrick Carney, an Individual Investor. Your line is open.

Patrick Carney

Good morning. Thank you for setting up the call. My question is, how is progress coming with generating consistent revenue from the efforts of BEN?

Tyler Luck

Walid, would you like to take that?

Walid Khiari

Certainly. Hi, Patrick, and thank you for your question. This is Walid Khiari, CFO. It's a great question and one that we think about all the time, obviously. All our initiatives are primarily focused on commercializing our existing products. I think the way to think about generating revenue from all our efforts, Patrick, comes down to what Tyler laid out, which is to think of BEN as having this, from our view, very interesting, valuable, and quite frankly, remarkable if I may say so, set of technology and supporting engagement through a variety of commercial endeavors. A company of our size evidently cannot, as the old expression goes, throw spaghetti on the wall and see which one sticks. So we have to be extremely judicious about which sectors, which markets we go after.

Walid Khiari

Our strategy has been to go in order after those industries where we think the pain point from poor engagement is most costly to those invested in seeing engagement be fruitful for their businesses. The biggest engagement market we can think of is the advertising market, right? That's $1 trillion of spend every year. While we were developing our own internal resources to go after that market opportunity, Patrick, ultimately, the Cataneo acquisition helps us accelerate that growth trajectory by acquiring revenue, very large established global enterprise customers, and existing practices and an existing reputation in the market. I should mention that, as may have been mentioned in the past, one of the reasons why we're so excited about Cataneo is that company has an absolutely remarkable retention rate over the years, keeping customers for a very long time.

Walid Khiari

That speaks to the quality of the software and the quality of the services rendered. So that's for advertising. It will be a combination of organic means pushing through the integration of this acquisition, and we obviously reserve the right to look at further acquisition across the space. As we think about other sectors, right? Tyler mentioned the auto space in which we're going after the fleet management space. Why is that? It's because fleet management is a very well-understood space, where hundreds of millions of dollars are exchanged for software purposes to do data intelligence, to do geolocation services, but also to do engagement. So through our relationship with Accelevate, again, indirectly, we're going to approach the system by empowering Accelevate to grow its business in that space.

Walid Khiari

In healthcare, it's through another strong party that fits our culture of technological innovation that we decided to go with INTERVENT. Right? As you can see a pattern here, Patrick, I hope, which is that we identify large markets, to name just a few, obviously, and we try to be as judicious as we can as it relates to our go-to-market. In other words, how to go after those opportunities. In some cases, it's through acquisitions. In other cases, it's through JVs or ad hoc participation in a joint effort with what we believe is a specialist firm that has great traction for us. So that ultimately is where we expect to generate revenues, is through those means. Let me pause here. I hope this addresses your question. Happy to dive deeper if you'd like.

Tyler Luck

Just to add to that, Walid, and thanks, Patrick, for the question. I think at this point in time, the company's obviously going through a significant transition, and we really see two main opportunities with Cataneo specifically. The first is to take what is already proven, as far as an established business, and expand that into the U.S. market for the first time. Because Cataneo has a proven strong platform with the longstanding customers and meaningful revenue today. So we will be investing in the commercial organization and the infrastructure to bring that business to a much larger market. The second opportunity relating to Cataneo is to innovate on top of that foundation. Because Cataneo gives us the media infrastructure, it will sit directly in the flow of advertising, content, and monetization.

Tyler Luck

We can bring BEN's AI capabilities into those workflows. But we can also connect that infrastructure to things that we're building with our initiatives in mobility and healthcare and other engagement environments. So we're not looking at Cataneo as just a business to grow geographically. We're viewing it as an established platform that we can expand and innovate on and ultimately connect to the broader BEN ecosystem that we're building. And I think that's where we think a lot of the longer-term opportunity comes from.

Operator

Your next question comes from Troy Budjen with an Individual Investor. Your line is open.

Troy Budjen

Yeah. Hi, Walid and Tyler. Thank you for the updates there today. I think you're both doing a great job. Walid, this one's more for you as the CFO. Management has referenced preferred equity with an aggregated stated value of approximately $12 million spread out across the Grupo Skye in Mexico, the INTERVENT Health AI, and the Skye Africa arrangements. These aren't currently reflected on any balance sheet that I've seen or in the revenues. Can you confirm the exact stated value, briefly explain why these interests are carried at a nominal value under the current accounting, and describe the specific events or triggers that would need to occur for the company to recognize them, some or all of the approximate value of $12 million? Whether these are licensed in revenues or as gains or some other mechanism.

Walid Khiari

That's a great question. Hi, Troy. Thank you for that question. I'll try to keep my answer focused and brief in what is ultimately a rather esoteric realm of accounting. My personal view is that it's somewhat frustrating, to be honest. It is GAAP, and we have to respect it. GAAP rules do not truly allow for the disclosure of detailed financial information on these matters because they're bilateral agreements between private parties, ourselves, and an entity. In this case, I'll just take the example of Grupo Skye in Mexico. The value attached to a relationship is really in the eyes of the beholders, right? Accounting doesn't take kindly to romantic notions about value when it comes to dollars and cents. To be able to reflect the actual value is difficult.

Walid Khiari

Your second follow-up question to me is extremely interesting because the question that you pose is, okay, at some point there should be a catalyst or trigger event for us to recognize something, and if so, what would it be? This is where I think accounting is fair and easy to understand is that from my perspective, at least, humbly, is that the revenue recognition. You form the entity, and you attach a value to it, a value with which your counterpart agrees. That is where accounting says, "Gentlemen and ladies, that is not really something to be bandied about because under GAAP rules, you can't really do this. You need third party and fourth party valuation." However, that combination or that marriage or that agreement is made for a purpose, and that commercial purpose is to generate revenue.

Walid Khiari

When you start generating revenue on the basis of that agreement, we're very happy to report it into our financial statements. From a location, if you please, to speak colloquially, of where those amounts would show up, they would show up in our statement of operations and statement of cash flows, right? The balance sheet piece will always, if you will, from a footnote perspective, say that we're long a JV, in this case, several JVs, and that the value for now is nominal. As, however, it starts generating revenue, then there can be a revaluation and potentially a re-rating and a disclosure of any, I would say, significant change in the value of that agreement.

Walid Khiari

To summarize, Troy, on your very pointed and technical question, which I think is absolutely on point, the way to monitor the success of those joint venture agreements for BEN is through the revenue generated by those agreements. Those will show up in our financial statements, specifically, in the statement of operations and statement of cash flows.

Troy Budjen

Is there a timeframe for that, Walid?

Walid Khiari

The timeframe will be commensurate with commercial success, right? I know that Tyler and the team are working hard at making those products visible in those respective marketplaces. I know we have partners locally with whom we work, who have a vested interest, right? They are incentivized to push those products into the marketplace and do so successfully. I do not particularly have a timeline in mind. That will be completely commensurate upon commercial traction and adoption.

Troy Budjen

Great. Thank you. That was in-depth. Thank you.

Walid Khiari

I appreciate that. Thank you, Troy.

Operator

Once again, to ask a question at this time, please press star then the number one on your telephone keypad. That concludes the question and answer session. I will now turn the call back over to Tyler Luck for closing remarks.

Tyler Luck

Thank you, operator. To close, I want to reiterate how significant this quarter was for BEN. We completed the Cataneo acquisition, expanded the scale of the company, strengthened our balance sheet, and continued turning our technology and relationships into real-world commercial opportunities. What connects everything we're doing is engagement. We're building technology that can help organizations, brands, and the people they serve interact in more intelligent, actionable, and valuable ways across healthcare, mobility, media, hospitality, government, and wherever that opportunity exists. Now our focus is execution, integrating Cataneo, converting more of our commercial opportunities into revenue, continue to innovate, and doing it with discipline and a clear focus on creating value for our shareholders. We believe the opportunity in front of BEN is significant, and we're excited about what we're building.

Tyler Luck

We appreciate your continued interest and support, and we look forward to updating you on our progress. Thank you everyone for your time today.

Operator

Thank you. That wraps up today's call. A replay of this conference call will be available through August 27, 2026, by dialing.

Investor releaseQuarter not tagged2026-08-14

Brand Engagement Network Provides Second Quarter Update

PR Newswire
Completes $19.5 Million Cataneo Acquisition; Total Assets Nearly Double to $30.7 Million Approximately $3.3 million reduction in accounts payable, short-term debt, and warrant liabilities | Shareholders' equity increases to $19.4 million | Company files Form 10-Q for the Second Quarter of 2026 WILMINGTON, Del., Aug. 14, 2026 /PRNewswire/ -- Brand Engagement Network Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), an AI technology company powering intelligent engagement, today announced the filing of its Quarterly Report on Form 10-Q for the three- and six-month periods ended June 30, 2026. The quarter marked a significant milestone for BEN with the acquisition of Cataneo GmbH, which combines BEN's technology with Cataneo's platform, talent, customers, industry expertise, and established global market presence to create new opportunities across intelligent engagement, media, and monetization. Cataneo Acquisition – Bringing Intelligent Engagement to Media and Enterprise On June 30, 2026, the Company completed the acquisition of 100% of Cataneo GmbH, a Germany-based media and advertising technology company. Cataneo brings an established technology platform, customer relationships, industry expertise, and operating capabilities that provide BEN with new opportunities to apply its AI and intelligent engagement technology to transform customer experiences and develop new solutions across the media and advertising ecosystem. The total stated aggregate consideration under the definitive agreement was $19.5 million. For U.S. GAAP accounting purposes, the consideration transferred was measured at its acquisition-date fair value of approximately $13.7 million, consisting of (i) cash of approximately $9 million, (ii) the fair value of common stock issued of approximately $4.3 million, and (iii) other consideration of approximately $0.4 million. The acquisition significantly expanded the Company's asset base, with total assets rising from $15.3 million on December 31, 2025, to $30.7 million on June 30, 2026, driven primarily by approximately $10.8 million of goodwill and additional intangible assets related to Cataneo. Strengthening the Balance Sheet Accounts payable decreased by $1.8 million, and short-term debt decreased by nearly $1.0 million. Combined with a reduction in warrant liabilities, these balance-sheet items declined by about $3.3 million. Shareholders' equity…Read full document

Completes $19.5 Million Cataneo Acquisition; Total Assets Nearly Double to $30.7 Million Approximately $3.3 million reduction in accounts payable, short-term debt, and warrant liabilities | Shareholders' equity increases to $19.4 million | Company files Form 10-Q for the Second Quarter of 2026 WILMINGTON, Del., Aug. 14, 2026 /PRNewswire/ -- Brand Engagement Network Inc. (Nasdaq: BNAI) ("BEN" or the "Company"), an AI technology company powering intelligent engagement, today announced the filing of its Quarterly Report on Form 10-Q for the three- and six-month periods ended June 30, 2026. The quarter marked a significant milestone for BEN with the acquisition of Cataneo GmbH, which combines BEN's technology with Cataneo's platform, talent, customers, industry expertise, and established global market presence to create new opportunities across intelligent engagement, media, and monetization. Cataneo Acquisition – Bringing Intelligent Engagement to Media and Enterprise On June 30, 2026, the Company completed the acquisition of 100% of Cataneo GmbH, a Germany-based media and advertising technology company. Cataneo brings an established technology platform, customer relationships, industry expertise, and operating capabilities that provide BEN with new opportunities to apply its AI and intelligent engagement technology to transform customer experiences and develop new solutions across the media and advertising ecosystem. The total stated aggregate consideration under the definitive agreement was $19.5 million. For U.S. GAAP accounting purposes, the consideration transferred was measured at its acquisition-date fair value of approximately $13.7 million, consisting of (i) cash of approximately $9 million, (ii) the fair value of common stock issued of approximately $4.3 million, and (iii) other consideration of approximately $0.4 million. The acquisition significantly expanded the Company's asset base, with total assets rising from $15.3 million on December 31, 2025, to $30.7 million on June 30, 2026, driven primarily by approximately $10.8 million of goodwill and additional intangible assets related to Cataneo. Strengthening the Balance Sheet Accounts payable decreased by $1.8 million, and short-term debt decreased by nearly $1.0 million. Combined with a reduction in warrant liabilities, these balance-sheet items declined by about $3.3 million. Shareholders' equity increased to $19.4 million as of June 30, 2026, up from $3.5 million as of December 31, 2025. Cash and cash equivalents increased to $708,000 as of June 30, 2026, from $172,000 as of December 31, 2025. Strategic and Commercial Developments On June 8, 2026, the Company entered a 50/50 joint venture with INTERVENT International, LLC, forming INTERVENT Health AI, Inc. to develop and commercialize AI-powered health coaching and chronic disease management solutions. The Company also completed a $1 million strategic investment in Accelevate Solutions, a provider of intelligent engagement solutions for fleet management, acquiring approximately 10% of the company, with warrants that could increase ownership to approximately 20%. Through its wholly owned subsidiary Skye AI USA, LLC, the Company owns a 25% common equity interest in Skye Africa Intelligence, Pty. Ltd. and holds preferred equity with a stated value of $2.05 million. The Company is entitled to a 35% recurring revenue share under the related African licensing arrangement. On August 5, 2026, Skye Africa Intelligence signed a Memorandum of Understanding with the East, Central and Southern Africa Health Community (ECSA-HC) to support the potential deployment of AI-enabled health solutions across ECSA-HC's member states. Management Commentary "The closing of the Cataneo acquisition on the final day of the quarter is an important milestone for BEN," said Tyler Luck, Chief Executive Officer. "Cataneo brings much more than technology—it brings an established platform, a talented team, customers, industry expertise, revenue, and a global market presence that complement what we have built at BEN. Together, we have an opportunity to connect BEN's AI and intelligent engagement technology with Cataneo's media and monetization capabilities across a broader set of markets and customer relationships. On a pro forma basis, Cataneo's contribution would have meaningfully increased our revenue base for the first half of 2026. We also made meaningful progress on the financial side of the business, increasing shareholders' equity, reducing short-term liabilities, and expanding our asset base. At the same time, we continued to invest selectively in opportunities that extend our technology into new environments, including healthcare and emerging international markets. Our focus now is on bringing these capabilities together, continuing to innovate, and turning more interactions between organizations and people into intelligent, actionable, and valuable opportunities. Earnings Conference Call Brand Engagement Network Inc. will host an earnings conference call on Thursday, August 27, 2026, at 10:00 a.m. PST / 1:00 p.m. EST to discuss second-quarter 2026 financial results. Date: Thursday, August 27, 2026Time: 10:00 a.m. PST / 1:00 p.m. ESTDial-in (U.S./Canada, toll-free): 1-888-880-3330Dial-in (International, toll): 1-646-357-8766 Participants are advised to dial in approximately 10 minutes before the scheduled start time. Speakers will include Tyler Luck, Chief Executive Officer, and Walid Khiari, Chief Financial Officer and Chief Operating Officer. A replay of the call will be available through September 3, 2026, by dialing 1-800-770-2030 (North American toll-free) or +1 (609) 800-9909 (international toll) and entering conference replay code 8052298#. About Brand Engagement Network Inc.Brand Engagement Network, Inc. (NASDAQ: BNAI) is an enterprise AI software company that enables organizations to connect engagement to execution through secure, intelligent conversational AI. Powered by its proprietary Engagement Language Model (ELM™), BEN helps organizations automate workflows, improve customer experiences, and drive operational intelligence across healthcare, hospitality, mobility, government, media, retail, and other industries. The acquisition of Cataneo expands BEN's global deployment infrastructure by adding a proven enterprise software platform, established customer relationships, and international distribution capabilities, creating new opportunities to deploy BEN's enterprise AI at scale while reinforcing the Company's position as an enterprise AI software provider. For more information, visit www.brandengagementnetwork.com. About Cataneo GmbHCataneo GmbH is a global provider of enterprise software for advertising sales, scheduling, traffic, and content management across linear, digital, and on-demand media. Its MYDAS platform provides end-to-end media management, monetization, analytics, CRM integration, and real-time reporting solutions for broadcasters and media organizations worldwide. For more information, visit www.cataneo.de. Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that are not purely historical are forward-looking statements, including, but not limited to, statements regarding: the prospects of the combined business following the acquisition of Cataneo; and BEN's growth strategies, including with respect to international expansion. The forward-looking statements contained herein are based upon BEN's current expectations and involve assumptions that may never materialize or may prove to be incorrect. These forward-looking statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on April 16, 2026, and in similar disclosures set forth in the other documents that BEN has filed and may file from time to time with the SEC. These forward-looking statements are made as of the date of this press release, and BEN assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. BEN's views in these forward-looking statements should not be relied as representing the Company's views as of any date subsequent to the date of this press release. Media ContactAmy [email protected] Investor [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/brand-engagement-network-provides-second-quarter-update-302852167.html

Investor releaseQuarter not tagged2026-05-18

Brand Engagement Network Reports Strongest Quarter to Date

PR Newswire
Q1 2026 Results Reflect Approximately $7.1 Million in Financing Activity and Liability Reduction, Improved Liquidity, Accelerated Commercialization and Global Expansion WILMINGTON, Del., May 18, 2026 /PRNewswire/ -- Brand Engagement Network Inc. (NASDAQ: BNAI) ("BEN" or the "Company"), a provider of secure, enterprise-grade artificial intelligence, today announced that it filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, with the Securities and Exchange Commission on May 15, 2026. The Company believes Q1 2026 represents its strongest quarter since going public in 2024, reflecting significant balance sheet strengthening, improved liquidity, reduced liabilities, and continued expansion across hospitality, healthcare, fleet operations, Africa, Latin America, and enterprise media infrastructure. The quarter also reflects continued progress in BEN's transition from post-IPO restructuring toward commercial deployment and international expansion. BNAI YTD 2026 Highlights Approximately $4.47 million in gross proceeds generated from warrant exercises during the quarter. Completed a $1.518 million private placement with Ben Capital Fund I, LLC. Approximately $7.1 million in combined financing and liability reduction initiatives supporting balance sheet strengthening. Reduced total liabilities by approximately $2.8 million compared to the prior-year period. Increased cash and cash equivalents to approximately $1.8 million as of March 31, 2026, compared to $172,124 at December 31, 2025. Expanded international commercialization initiatives across Africa and Latin America. Transitioned BEN's AI Concierge from pilot to live guest-facing deployment at Seven Visions Resort & Places, The Dvin. Received U.S. Patent No. 12,581,163 related to technologies supporting real-time interpretation of user intent and automated enterprise system actions. Entered into a definitive agreement to acquire Munich-based Cataneo GmbH in a transaction valued at approximately $19.5 million. "Our first quarter results represent a clear turning point for BEN as we continue executing on our long-term vision and transforming our financial foundation," said Tyler Luck, CEO of Brand Engagement Network. "During the quarter, we strengthened our balance sheet, improved liquidity, reduced legacy obligations, and expanded commercialization activity across hospita…Read full document

Q1 2026 Results Reflect Approximately $7.1 Million in Financing Activity and Liability Reduction, Improved Liquidity, Accelerated Commercialization and Global Expansion WILMINGTON, Del., May 18, 2026 /PRNewswire/ -- Brand Engagement Network Inc. (NASDAQ: BNAI) ("BEN" or the "Company"), a provider of secure, enterprise-grade artificial intelligence, today announced that it filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, with the Securities and Exchange Commission on May 15, 2026. The Company believes Q1 2026 represents its strongest quarter since going public in 2024, reflecting significant balance sheet strengthening, improved liquidity, reduced liabilities, and continued expansion across hospitality, healthcare, fleet operations, Africa, Latin America, and enterprise media infrastructure. The quarter also reflects continued progress in BEN's transition from post-IPO restructuring toward commercial deployment and international expansion. BNAI YTD 2026 Highlights Approximately $4.47 million in gross proceeds generated from warrant exercises during the quarter. Completed a $1.518 million private placement with Ben Capital Fund I, LLC. Approximately $7.1 million in combined financing and liability reduction initiatives supporting balance sheet strengthening. Reduced total liabilities by approximately $2.8 million compared to the prior-year period. Increased cash and cash equivalents to approximately $1.8 million as of March 31, 2026, compared to $172,124 at December 31, 2025. Expanded international commercialization initiatives across Africa and Latin America. Transitioned BEN's AI Concierge from pilot to live guest-facing deployment at Seven Visions Resort & Places, The Dvin. Received U.S. Patent No. 12,581,163 related to technologies supporting real-time interpretation of user intent and automated enterprise system actions. Entered into a definitive agreement to acquire Munich-based Cataneo GmbH in a transaction valued at approximately $19.5 million. "Our first quarter results represent a clear turning point for BEN as we continue executing on our long-term vision and transforming our financial foundation," said Tyler Luck, CEO of Brand Engagement Network. "During the quarter, we strengthened our balance sheet, improved liquidity, reduced legacy obligations, and expanded commercialization activity across hospitality, healthcare, fleet operations, and international markets, including Africa and Latin America. We also advanced our enterprise AI capabilities through strategic partnerships, intellectual property expansion, and the pending acquisition of Cataneo GmbH. Importantly, we believe these milestones position the Company for continued commercial growth while maintaining a disciplined approach to capital management." Recent Operational and Strategic Milestones International Commercial ExpansionOn January 20, 2026, the Company entered into a $2.05 million licensing partnership with Valio Technologies (Pty) Ltd., expanding BEN's commercial presence into Africa through healthcare and academic deployments, including a pilot program with Nelson Mandela University. The Company also expanded commercialization efforts across Latin America through strategic relationships supporting healthcare, mobility, and enterprise AI initiatives. Hospitality DeploymentOn March 2, 2026, BEN's AI Concierge transitioned into a live guest-facing deployment at Seven Visions Resort & Places, The Dvin, representing the Company's first live guest-facing hospitality deployment. Fleet Operations ExpansionOn April 21, 2026, the Company entered into a strategic relationship with Accelevate Solutions focused on expanding BEN's AI technology into commercial fleet and mobility environments. Subsequent reseller agreements executed on May 7, 2026, established distribution rights supporting broader commercialization opportunities across fleet and enterprise markets. Cataneo AcquisitionOn April 30, 2026, the Company entered into a definitive agreement to acquire Cataneo GmbH ("Cataneo"), whose MYDAS platform supports approximately €6 billion in annual advertising inventory across more than 1,000 media brands globally. The transaction is valued at approximately $19.5 million and is expected to close on or about June 30, 2026, subject to customary closing conditions. Governance UpdateEffective April 1, 2026, Jon Leibowitz was appointed Chairman of the Board of Directors, succeeding Bernard Puckett as part of the Company's ongoing governance evolution. Mr. Leibowitz previously served as Chairman of the U.S. Federal Trade Commission and brings extensive experience in regulatory policy, governance, and enterprise oversight. About Brand Engagement Network, Inc. Brand Engagement Network, Inc. (NASDAQ: BNAI) builds secure, enterprise-grade artificial intelligence for the engagement layer of AI between companies and consumers, where people interact with systems and real-world outcomes are driven. Powered by its proprietary Engagement Language Model (ELM™), BEN's technology delivers conversational AI that connects human intent to organizational data, workflows, and actions inside closed-loop, privacy-protective, governed environments. Trusted by organizations in regulated and high-stakes industries, BEN brings AI into operational settings where engagement, accountability, and results matter. For more information, visit www.brandengagementnetwork.com. Contacts: Investor Relations: [email protected]; Media: [email protected] Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact are forward-looking statements, including statements regarding the anticipated closing and benefits of the Cataneo acquisition, the Company's strategic partnerships, commercialization initiatives, deployment activity, liquidity, growth opportunities, and the performance of its ELM™ technology. These forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the Company's ability to close pending acquisitions, integrate acquired businesses, execute commercialization strategies, achieve market acceptance of its AI solutions, and other risks detailed in the Company's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The Company undertakes no obligation to update or revise any forward-looking statements contained in this release, except as required by law.   View original content to download multimedia:https://www.prnewswire.com/news-releases/brand-engagement-network-reports-strongest-quarter-to-date-302774449.html

Investor releaseQuarter not tagged2026-04-20

Assessing Brand Engagement Network (BNAI) Valuation After Full Year 2025 Earnings Improvement

Simply Wall St.
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Brand Engagement Network (BNAI) has drawn fresh attention after reporting full year 2025 results, with sales of US$0.28 million, a net loss of US$8.63 million, and basic loss per share of US$1.97. See our latest analysis for Brand Engagement Network. The earnings release comes after a sharp run up in the share price, with a very large year to date share price return of 908.22% and a 1 year total shareholder return approaching 10x. However, the 1 day and 7 day share price returns of 3.04% and 9.63% declines suggest some of that momentum has cooled in the short term, while the 3 year total shareholder return remains sharply negative. If this kind of move in an AI focused name has your attention, it can be useful to see what else is out there and compare 34 AI small caps With Brand Engagement Network still posting a US$8.63 million loss against modest sales and a very large year to date return, you have to ask: is this stock still mispriced, or is the market already banking on future growth? The most followed narrative assigns Brand Engagement Network a fair value of $2.00 per share, which sits far below the last close of $38.01, setting up a wide gap between expectations and reality. Read the complete narrative. Want to see what is built into that $2.00 fair value? This narrative hinges on aggressive revenue expansion, margin repair, and a future earnings multiple that might surprise you. Result: Fair Value of $2.00 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, if BEN converts pilots into recurring contracts, or if its focus on trusted, brand specific data gains traction, that could challenge the current overvaluation narrative. Find out about the key risks to this Brand Engagement Network narrative. With sentiment already split on whether BEN is mispriced, it makes sense to review the full picture for yourself and act before views shift again, starting with the 4 important warning signs. If BEN sits on your watchlist, do not stop there. Broaden your opportunity set with other stock ideas that line up with your approach. Target stronger balance sheets by filtering for companies in the solid balance sheet and fundamentals stocks screene…Read full document

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Brand Engagement Network (BNAI) has drawn fresh attention after reporting full year 2025 results, with sales of US$0.28 million, a net loss of US$8.63 million, and basic loss per share of US$1.97. See our latest analysis for Brand Engagement Network. The earnings release comes after a sharp run up in the share price, with a very large year to date share price return of 908.22% and a 1 year total shareholder return approaching 10x. However, the 1 day and 7 day share price returns of 3.04% and 9.63% declines suggest some of that momentum has cooled in the short term, while the 3 year total shareholder return remains sharply negative. If this kind of move in an AI focused name has your attention, it can be useful to see what else is out there and compare 34 AI small caps With Brand Engagement Network still posting a US$8.63 million loss against modest sales and a very large year to date return, you have to ask: is this stock still mispriced, or is the market already banking on future growth? The most followed narrative assigns Brand Engagement Network a fair value of $2.00 per share, which sits far below the last close of $38.01, setting up a wide gap between expectations and reality. Read the complete narrative. Want to see what is built into that $2.00 fair value? This narrative hinges on aggressive revenue expansion, margin repair, and a future earnings multiple that might surprise you. Result: Fair Value of $2.00 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, if BEN converts pilots into recurring contracts, or if its focus on trusted, brand specific data gains traction, that could challenge the current overvaluation narrative. Find out about the key risks to this Brand Engagement Network narrative. With sentiment already split on whether BEN is mispriced, it makes sense to review the full picture for yourself and act before views shift again, starting with the 4 important warning signs. If BEN sits on your watchlist, do not stop there. Broaden your opportunity set with other stock ideas that line up with your approach. Target stronger balance sheets by filtering for companies in the solid balance sheet and fundamentals stocks screener (42 results) that may better match your risk comfort. Spot potential value opportunities by scanning the 60 high quality undervalued stocks and see which businesses line up with your preferred fundamentals. Unearth potential outliers by reviewing the screener containing 23 high quality undiscovered gems before they gain wider attention. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BNAI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Investor releaseQuarter not tagged2025-10-15

Brand Engagement Network Inc (BNAI) Q2 2025 Earnings Call Highlights: A Turnaround with ...

GuruFocus.com
This article first appeared on GuruFocus. Revenue: $5,000 in Q2 2025, compared to none in Q2 2024. Operating Expenses: Decreased by 55.6% to $2.8 million, down from $6.3 million in Q2 2024. Other Income: $3.7 million, primarily from a gain on debt extinguishment of $4 million. Net Income: $900,000 in Q2 2025, compared to a net loss of $3 million in Q2 2024. Stockholders' Equity: Increased 126% to $5.9 million from $2.6 million at year-end 2024. Warning! GuruFocus has detected 4 Warning Signs with BNAI. Is BNAI fairly valued? Test your thesis with our free DCF calculator. Release Date: October 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Brand Engagement Network Inc (NASDAQ:BNAI) successfully reduced expenses by over 55%, enhancing financial flexibility. The company entered a global partnership with Swiss Life, marking a significant milestone in expanding AI solutions. BNAI's Korean Innovation Lab, with over 30 employees, is driving product innovation and client success. The company reported a net income of $900,000 in Q2 2025, a significant improvement from a net loss of $3 million in Q2 2024. Stockholders' equity increased by 126% to $5.9 million, reflecting improved financial health. The Q2 10-Q filing was delayed, although not due to negative financial performance. Revenue for Q2 2025 was only $5,000, indicating early-stage traction in AI solutions. The acquisition of Cataneo was terminated, although the partnership remains strong. The media space, while fast-evolving, requires a nimble approach to keep up with rapid changes. Pilot programs in regulated industries, such as pharmaceuticals, take time to convert into scalable, recurring relationships. Q: Tyler, welcome to the CEO role. Could you share your focus areas and any changes on the horizon? A: Hi, Jack. My focus is on three core priorities: execution and discipline, commercial acceleration, and product leadership. We aim to deliver on commitments, translate momentum into scalable revenue, and push the boundaries of AI engagement. It's about clarity, focus, and ensuring BEN grows with purpose. - Tyler Luck, Acting CEO Q: Regarding the terminated acquisition of Cataneo, are you still working with them on other opportunities? How does the media space fit into your focus going forward? A: Yes, we continue to work with Cataneo and maintain…Read full document

This article first appeared on GuruFocus. Revenue: $5,000 in Q2 2025, compared to none in Q2 2024. Operating Expenses: Decreased by 55.6% to $2.8 million, down from $6.3 million in Q2 2024. Other Income: $3.7 million, primarily from a gain on debt extinguishment of $4 million. Net Income: $900,000 in Q2 2025, compared to a net loss of $3 million in Q2 2024. Stockholders' Equity: Increased 126% to $5.9 million from $2.6 million at year-end 2024. Warning! GuruFocus has detected 4 Warning Signs with BNAI. Is BNAI fairly valued? Test your thesis with our free DCF calculator. Release Date: October 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Brand Engagement Network Inc (NASDAQ:BNAI) successfully reduced expenses by over 55%, enhancing financial flexibility. The company entered a global partnership with Swiss Life, marking a significant milestone in expanding AI solutions. BNAI's Korean Innovation Lab, with over 30 employees, is driving product innovation and client success. The company reported a net income of $900,000 in Q2 2025, a significant improvement from a net loss of $3 million in Q2 2024. Stockholders' equity increased by 126% to $5.9 million, reflecting improved financial health. The Q2 10-Q filing was delayed, although not due to negative financial performance. Revenue for Q2 2025 was only $5,000, indicating early-stage traction in AI solutions. The acquisition of Cataneo was terminated, although the partnership remains strong. The media space, while fast-evolving, requires a nimble approach to keep up with rapid changes. Pilot programs in regulated industries, such as pharmaceuticals, take time to convert into scalable, recurring relationships. Q: Tyler, welcome to the CEO role. Could you share your focus areas and any changes on the horizon? A: Hi, Jack. My focus is on three core priorities: execution and discipline, commercial acceleration, and product leadership. We aim to deliver on commitments, translate momentum into scalable revenue, and push the boundaries of AI engagement. It's about clarity, focus, and ensuring BEN grows with purpose. - Tyler Luck, Acting CEO Q: Regarding the terminated acquisition of Cataneo, are you still working with them on other opportunities? How does the media space fit into your focus going forward? A: Yes, we continue to work with Cataneo and maintain a strong partnership. The media space is crucial and evolves quickly, requiring a nimble approach. We will pursue M&A and partnerships to rejuvenate our AI advertising stack. - Walid Khiari, CFO Q: The $5,000 revenue in the quarter, was it from a pilot program? What are your expectations going forward? A: The $5,000 was from a pilot program in Armenia related to hospitality customer service. We expect this to be recurring. - Tyler Luck, Acting CEO Q: Can you update us on the status of past pilot programs, particularly in the pharmaceutical healthcare space? A: All pilots are progressing, moving from generative AI to Agentic AI with measurable impact. We aim to convert these pilots into scalable, recurring relationships and will share more results as they formalize into commercial agreements. - Tyler Luck, Acting CEO Q: How do you plan to tackle the fast-evolving media space and ensure alignment with your strategy? A: The media space requires a combination of buy, build, and partner strategies. We will continue building products with a common foundation but tailored for different industry verticals, ensuring alignment with our overall strategy. - Walid Khiari, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Investor releaseQuarter not tagged2025-10-14

Brand Engagement Network Reports Second Quarter 2025 Results

PR Newswire
WILMINGTON, Del., Oct. 14, 2025 /PRNewswire/ -- Brand Engagement Network Inc. (Nasdaq: BNAI) ("BEN" or the "Company") recorded the financial results for the second quarter ended June 30, 2025. Strategic Achievements "We believe this quarter underscored the discipline and focus we've applied to strengthen our foundation," said Tyler Luck, Acting CEO and Co-Founder of BEN. "Through cost reductions and decisive management actions, we are positioning the company for sustainable, long-term growth. Our Innovation Lab in Seoul, Korea, continues to drive advanced product innovation, playing a critical role in shaping our global success in conversational AI." "Our Q2 results demonstrate significant progress in stabilizing operations and strengthening our financial position," said Walid Khiari, Chief Financial Officer and Chief Operating Officer. "By reducing expenses by over 55%, we've gained greater flexibility to execute our strategy and accelerate growth initiatives in regulated industries." Financial Highlights Revenue: $5,000 in Q2 2025, compared to none in Q2 2024, reflecting early traction in our conversation AI solutions. Operating expenses: Decreased by 55.6% to $2.8 million, down from $6.3 million in Q2 2024, driven by streamlined operations and strategic cost optimization. Other income: $3.7 million, primarily from a $4.0 million gain on debt extinguishment, partially offset by changes in warrant fair value. Net income: Net income of $0.9 million in Q2 2025, compared to a net loss of $3.0 million in Q2 2024. Stockholders' equity: Increased 126% to $5.9 million from $2.6 million at year-end 2024, reflecting improved financial health. A detailed summary of BEN's recorded financial results is included in the Company's Form 10-Q for the quarter ended June 30, 2025, filed with the SEC. Webcast and Conference Call Information BEN will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET on Tuesday, October 14, 2025. Dial-in details: North America Toll-Free: 1-888-880-3330 Local/International: 1-646-357-8766 Conference ID: 8048832 Webcast (public): https://app.webinar.net/pNeyl4BQPw2 Following the call, transcripts of the conference call will be posted to BEN's investor relations website. 2025 Annual Meeting of Shareholders BEN's 2025 Annual Meeting is scheduled for November 26, 2025, with a record date for determining shareholders of reco…Read full document

WILMINGTON, Del., Oct. 14, 2025 /PRNewswire/ -- Brand Engagement Network Inc. (Nasdaq: BNAI) ("BEN" or the "Company") recorded the financial results for the second quarter ended June 30, 2025. Strategic Achievements "We believe this quarter underscored the discipline and focus we've applied to strengthen our foundation," said Tyler Luck, Acting CEO and Co-Founder of BEN. "Through cost reductions and decisive management actions, we are positioning the company for sustainable, long-term growth. Our Innovation Lab in Seoul, Korea, continues to drive advanced product innovation, playing a critical role in shaping our global success in conversational AI." "Our Q2 results demonstrate significant progress in stabilizing operations and strengthening our financial position," said Walid Khiari, Chief Financial Officer and Chief Operating Officer. "By reducing expenses by over 55%, we've gained greater flexibility to execute our strategy and accelerate growth initiatives in regulated industries." Financial Highlights Revenue: $5,000 in Q2 2025, compared to none in Q2 2024, reflecting early traction in our conversation AI solutions. Operating expenses: Decreased by 55.6% to $2.8 million, down from $6.3 million in Q2 2024, driven by streamlined operations and strategic cost optimization. Other income: $3.7 million, primarily from a $4.0 million gain on debt extinguishment, partially offset by changes in warrant fair value. Net income: Net income of $0.9 million in Q2 2025, compared to a net loss of $3.0 million in Q2 2024. Stockholders' equity: Increased 126% to $5.9 million from $2.6 million at year-end 2024, reflecting improved financial health. A detailed summary of BEN's recorded financial results is included in the Company's Form 10-Q for the quarter ended June 30, 2025, filed with the SEC. Webcast and Conference Call Information BEN will host a conference call to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET on Tuesday, October 14, 2025. Dial-in details: North America Toll-Free: 1-888-880-3330 Local/International: 1-646-357-8766 Conference ID: 8048832 Webcast (public): https://app.webinar.net/pNeyl4BQPw2 Following the call, transcripts of the conference call will be posted to BEN's investor relations website. 2025 Annual Meeting of Shareholders BEN's 2025 Annual Meeting is scheduled for November 26, 2025, with a record date for determining shareholders of record, at the close of business on November 3, 2025. Shareholder proposals for inclusion in the proxy statement must be received by October 20, 2025, at 300 Delaware Avenue, Suite 210, Wilmington, DE 19801, Attention: Legal Department – Shareholder Mail, with a copy to legal @beninc.ai. Proposals must comply with SEC Rule 14a-8 and Ben's bylaws. For nominations or other matters not included in the proxy statement, notice must also be received by October 20, 2025, per the Company's bylaws. See our investor relations website for details. The time and location of the 2025 Annual Meeting will be as set forth in the Company's definitive proxy statement for the 2025 Annual Meeting to be filed with the Securities and Exchange Commission. In addition, we may omit any proposal from our proxy materials that does not comply with Securities and Exchange Commission rules. About Brand Engagement Network, Inc. (BEN) Brand Engagement Network, Inc. (BEN) (Nasdaq: BNAI) develops conversational AI agents built for regulated and customer-centric industries. Its proprietary Engagement Language Model (ELM™) with retrieval-augmented generation enables enterprises to deploy multimodal, compliance-first AI across chat, voice, avatar, and digital channels. With 21 issued patents, a growing IP portfolio, and early adoption across life sciences, healthcare, insurance, financial services, hospitality, retail, and automotive, BEN is positioned at the intersection of enterprise AI adoption and rising regulatory demand. For more information, visit www.beninc.ai Forward-Looking Statements This press release contains forward-looking statements regarding our future business plans and expectations which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: the impact of macroeconomic conditions on our business and financial results, including as a result of geopolitical events; our ability to retain or increase customers, users and engagement levels; our dependency on data signals and mobile operating systems, networks, and standards that we do not control; changes to the content or application of third-party policies that impact our practices; risks associated with new products and changes to existing products as well as other new business initiatives, including our artificial intelligence initiatives and pilot efforts; our emphasis on growth and engagement and the user experience over short-term financial results; maintaining and enhancing our brand and reputation; our ongoing privacy, safety, security, and content; competition; risks associated with government actions that could restrict access to our products or impair our ability to license our products in certain countries; litigation and government inquiries; privacy, legislative, and regulatory concerns or developments; risks associated with acquisitions; security breaches; our ability to manage our scale and geographically-dispersed operations; and market conditions or other factors affecting our operations. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in BEN's Securities and Exchange Commission ("SEC") filings, including its most recent annual report on Form 10-K and quarterly report on Form 10-Q under the caption "Risk Factors", which are available on our Investor Relations website (investor.beninc.ai) and the SEC website (www.sec.gov). Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. In addition, please note that the date of this press release is October 14, 2025, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events. View original content to download multimedia:https://www.prnewswire.com/news-releases/brand-engagement-network-reports-second-quarter-2025-results-302582830.html

TranscriptFY2025 Q22025-10-14

FY2025 Q2 earnings call transcript

Earnings source - 16 paragraphs
Operator

Good afternoon, and welcome to the Brand Engagement Network Inc.'s Second Quarter 2025 Earnings Conference Call. Today's call is being recorded. [Operator Instructions] Before we begin, please note that during this call, our speakers may make forward-looking statements regarding future results and performance. Please refer to the cautionary language included in BEN's filings with the Securities and Exchange Commission, included in their Form 10-K and 10-Q for additional information concerning factors that could cause actual results to differ materially from those forward-looking statements. I would now like to turn the call over to Tyler Luck, acting CEO and Co-Founder of Brand Engagement Network. Tyler, please go ahead.

Tyler Luck

Thank you, operator, and thank you all for joining us today. I'd like to begin by addressing the timing of this report. While our Q2 10-Q filing was delayed, I want to be clear that this was not the result of negative financial performance. Instead, the delay reflected deliberate decisions to strengthen the company's foundation. First, we focused on reducing ongoing expenses by negotiating with prior existing vendors to ensure we operate with greater financial discipline. Second, we made positive management changes, including reengagement with our trusted outside accounting fund that supported us from 2021 to 2024, while continuing with our independent audit firm. These steps require time, but we're taking to build confidence in our financial processes. I've been with this company since day 1. I know our technology, our customers and our mission. And I can tell you that the entrepreneurial spirit at BEN is alive and strong. Capital has always been a precious commodity, and we are treating it with the discipline and creativity that investors expect. I'd also like to highlight that our team in Seoul, Korea -- today, our Korean Innovation Lab is home to more than 30 employees, and I'm incredibly proud of the work that they are doing to drive product innovation and client success. This team embodies the energy, expertise and commitment that defines BEN globally. In addition to these foundational efforts, I'm pleased to share some key milestones that underscore our progress in building partnerships and expanding our AI solutions. For instance, we entered a global partnership with Swiss Life, a process that began before our merger in March 2024. The announcement in April 2025 marked an important milestone and as acting CEO, I had the opportunity to attend their global conference in London a few weeks ago. It was encouraging to see firsthand the positive feedback from attendees around the world. And we are focused on supporting their partners globally to benefit from the efficiencies of our conversational AI. We've also made strategic inroads in emerging markets, such as our entry into Mexico with a partner just over a year ago. And this decision aligns well with markets that prioritize data sovereignty, allowing us to test and refine our products, while positioning us for a potential expansion and execution on our current pipeline. In the pharmacy sector, our launch at a conference in Boston a year ago provided valuable market feedback on our AI solutions. We are pleased with the results so far, though as with any innovation in regulated industries, reviews take time as corporations are rightfully cautious of this new era. But these steps are setting a solid foundation for future developments. Looking at verticals like automotive, we see opportunities where AI can help build trusted consumer engagement, a long-standing challenge in the industry. The integrations we've completed today position us well for initiatives we are planning in the coming quarters. And finally, with AI top of mind for many enterprises, it's important to note that brands and regulated sectors approach new technologies with caution to avoid risks from inaccurate engagements. So this is where BEN's emphasis on trusted data shines. By focusing on brand-specific data sovereignty rather than broad web data, we enable authentic and reliable consumer interactions. These efforts reflect our commitment to delivering solutions that meet enterprise needs. And looking ahead, we've already scheduled our next earnings call on November 4, 2025, and our Annual Shareholder Meeting on November 26, 2025. We see this as the start of a new chapter for BEN, one that's built on transparency, accountability and growth. And with that, let me turn the call over to our CFO and CEO, Walid Khiari, who will walk you through our financial performance.

Walid Khiari

Thank you, Tyler, and good afternoon, everyone. Our Q2 results demonstrate significant progress in stabilizing operations as well as strengthening our financial position. By reducing expenses by over 55%, we've gained greater flexibility to execute our strategy and accelerate growth initiatives in regulated industries. Looking ahead, we're shifting our focus towards driving revenue growth, supported by a stronger foundation and the operational capacity to launch new customers more rapidly across our target verticals. As for financial highlights, I'll mention a few. Revenue, we did $5,000 of revenue in Q2 compared to none in Q2 of last year 2024, which reflects early traction in some of our conversation AI solutions. As far as operating expenses go, they've decreased, as I mentioned, by 55.6% to $2.8 million for the quarter, down from $6.3 million in the same quarter of 2024, which was driven by streamlined operations and strategic cost optimization. As for other income, plus $3.7 million, primarily from a gain on debt extinguishment of $4 million, which was partially offset by changes in the fair value of warrants. Net income, about $900,000 in Q2 of this year compared to a net loss of $3 million in Q2 of 2024, and our stockholders' equity increased 126% to $5.9 million from $2.6 million at the year-end 2024, which reflects improved financial health. A detailed summary of BEN's recorded financial results is included in the company's Form 10-Q for the quarter, which ended June 30, 2025, which we have filed with the SEC. And with that, I'll hand it back to the operator to begin our Q&A session.

Operator

[Operator Instructions] Your first question comes from the line of Jack Vander Aarde with Maxim Group.

Jack Vander Aarde

So in -- Tyler, welcome to the CEO role. I don't believe we've spoken last quarter. So would love to get your just kind of thoughts on what you're planning to focus on and if there's any changes on the horizon? Just talk about your management style and what you're focused on.

Tyler Luck

Jack, nice to meet you. We haven't met before. So I think it's an exciting time to be leading BEN. And I would say my focus is really on 3 core priorities: the first being execution and discipline, making sure we're delivering against the commitments we've made to our customers and partners and certainly our shareholders. I believe we have built a strong foundation, and now it's about consistent reliable delivery. And secondly, I would say the commercial acceleration kind of translating the momentum we're seeing into scalable revenue. That's super important. That means really tightening our go-to-market motion, deepening customer relationships and, I'd say, expanding our footprint in the verticals that we're already winning. And third, being the -- also the Chief Product Officer, I think it's super important for our focus on product leadership. So continuing to push the boundaries of responsible, reliable AI engagement and BEN's technology has the potential to redefine how people really interact with brands. And we intend to lead that shift. So in short, it's about clarity, focus and forward motion, just really ensuring that BEN not only grows, but grows with purpose.

Jack Vander Aarde

Okay. Great. I appreciate that. And maybe just a follow-up, something that was kind of a major ongoing development was the pending acquisition of Cataneo, obviously. I know that, that was terminated. And -- but just maybe can you just touch on what happened there? Or are you still working with them on other opportunities, maybe not M&A related, but just other business verticals and opportunities? And then also is the media -- just -- can you just touch on the media space maybe in general and how that fits into your focus going forward in terms of verticals?

Walid Khiari

Jack, this is Walid. Good to hear from you. To answer your question, yes, we're continuing to work with the team at Cataneo. We still think that our partnership is strong. And in effect, we've been working in the field together for quite some time now and have built a good momentum among our customers as well as potential customers. So we see that continuing. I had mentioned in past calls that the advertising side of the business, which is related to media is a very important pillar of this business going forward alongside automotive, health care and financials. And we see that continuing. The media space evolves probably the fastest. I think Tyler alluded to earlier, the fact that some of the regulated industries by definition, and rightfully so, as Tyler mentioned, move much slower. This is one that moves very, very fast. And so being nimble through a combination of buy, build partner approach, I think, is going to be critical. There will be M&A, but there will always be both partnership opportunities in that space on an ad hoc basis as well as aligning with our general strategy to kind of keep rejuvenating the stack dedicated -- the technical stack dedicated to the advertising space around AI. And of course, under Tyler's leadership, continuing on the build side of the strategy by continuing to build a product, which have a common foundation, but find different use cases across industry verticals.

Jack Vander Aarde

Excellent. Okay. I appreciate that, Walid. Maybe a follow-up too for you. The $5,000 revenue that came in the quarter, I'm not sure if this is -- not that I'm trying to parse that necessarily, but I would be curious to know, is this -- was this a pilot program? And was it a series of customers? Just maybe walk me through that. And then what do you expect kind of going forward in terms of are there more revenue pickups like this one? Or is this a onetime development?

Walid Khiari

Tyler, do you want to take that one?

Tyler Luck

Yes. So the $5,000 relates to a pilot program for a client we are working with in Armenia relating to hospitality, customer service in the hotel sector. And we expect this to be recurring.

Jack Vander Aarde

Excellent. Okay. Great. I appreciate that. And then just maybe a follow-up, too. Just all of the pilot programs you guys did -- you guys have had in the past over the last few years, a lot of them sound pretty promising, and they've been ongoing for a while. Maybe just to get a quick update on anything in the pharmaceutical health care space? Are these past pilot programs and collaborations, are they still ongoing? Or are we -- I guess, when do you determine if you're moving forward and what to focus on? Because there is quite -- there's quite a number of these, and I'm not sure how you're tackling it anymore. So just an update on any of the prior pilots, just so we have a sense of where we're headed.

Tyler Luck

Yes. So I would say all of our pilots are moving forward. I think initially, when we started to take them on, we were really more perhaps in the generative AI space. And naturally as any business comes to ask what is the ROI on this. And so that's when we have started to move more into the Agentic AI or at least a combination. So every AI pilot that we are building and deploying needs to have measurable impact. And so really, the next phase, which most, if not all, that are progressing is really about converting these pilots into scalable recurring relationships. And we're moving in that direction with momentum. And I'd say we expect to share more detailed results as those programs formalize into commercial agreements in the near future ideally.

Operator

That concludes the Q&A session. I will now turn the call back over to Tyler Luck for closing remarks.

Tyler Luck

Thanks, operator. To close, I want to emphasize once again that BEN is really regaining its entrepreneurial momentum. We are disciplined, focused and committed to creating value for our shareholders through strategic partnerships, market expansions and innovative AI solutions. We look forward to updating you again on our upcoming November 4 earnings call for Q3 results, and we invite you to join us at our Annual Shareholders Meeting scheduled for November 26, 2025. Thank you, everyone, for your time and continued support.

Operator

Thank you. That wraps up today's call. Transcripts of this call will be posted on BEN's Investor Relations website. We appreciate your interest in the Brand Engagement Network, Inc.

Investor releaseQuarter not tagged2025-06-10

BEN Reports First Quarter 2025 Results and Business Highlights

GlobeNewswire
WILMINGTON, Del., June 09, 2025 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced its results and key business highlights for the first quarter ended March 31, 2025. "Q1 marked a strong start to 2025, as we launched our iSKYE platform and deepened strategic partnerships that demonstrate the growing demand for secure, scalable AI solutions,” said Paul Chang, CEO of Brand Engagement Network. “We’ve enhanced our platform with features that deliver greater accuracy and relevance for users, while providing the control and engagement enterprise clients want. Looking ahead, iSKYE’s modular architecture positions us to easily support new industries and applications. This flexibility opens doors to larger opportunities and broader AI-powered engagement across diverse sectors." Q1 2025 Key Business Highlights: iSKYE AI Platform Launch: BEN has officially launched the iSKYE platform, offering businesses a customizable, scalable solution to integrate AI with existing business processes, inject a rules engine to manage the interactions, and provide full control of the user experience. Key capabilities include customizable 3D avatars, low-cost deployment, enterprise-grade security, and the ability to mitigate AI hallucinations while integrating seamlessly into existing systems. iSKYE AI Platform Launch: BEN has officially launched the iSKYE platform, offering businesses a customizable, scalable solution to integrate AI with existing business processes, inject a rules engine to manage the interactions, and provide full control of the user experience. Key capabilities include customizable 3D avatars, low-cost deployment, enterprise-grade security, and the ability to mitigate AI hallucinations while integrating seamlessly into existing systems. Global AI Insurance Partnership with Swiss Life: BEN partnered with Swiss Life Global Solutions to deliver secure, scalable generative AI solutions that enhance digital health, mental health, and financial wellbeing services. The collaboration aims to streamline insurance sales, reduce call center volume, and improve member services with AI-powered tools. Global AI Insurance Partnership with Swiss Life: BEN partnered with Swiss Life Global Solutions to deliver secure, scalable generative AI solutions that enhance digital health, mental healt…Read full document

WILMINGTON, Del., June 09, 2025 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced its results and key business highlights for the first quarter ended March 31, 2025. "Q1 marked a strong start to 2025, as we launched our iSKYE platform and deepened strategic partnerships that demonstrate the growing demand for secure, scalable AI solutions,” said Paul Chang, CEO of Brand Engagement Network. “We’ve enhanced our platform with features that deliver greater accuracy and relevance for users, while providing the control and engagement enterprise clients want. Looking ahead, iSKYE’s modular architecture positions us to easily support new industries and applications. This flexibility opens doors to larger opportunities and broader AI-powered engagement across diverse sectors." Q1 2025 Key Business Highlights: iSKYE AI Platform Launch: BEN has officially launched the iSKYE platform, offering businesses a customizable, scalable solution to integrate AI with existing business processes, inject a rules engine to manage the interactions, and provide full control of the user experience. Key capabilities include customizable 3D avatars, low-cost deployment, enterprise-grade security, and the ability to mitigate AI hallucinations while integrating seamlessly into existing systems. iSKYE AI Platform Launch: BEN has officially launched the iSKYE platform, offering businesses a customizable, scalable solution to integrate AI with existing business processes, inject a rules engine to manage the interactions, and provide full control of the user experience. Key capabilities include customizable 3D avatars, low-cost deployment, enterprise-grade security, and the ability to mitigate AI hallucinations while integrating seamlessly into existing systems. Global AI Insurance Partnership with Swiss Life: BEN partnered with Swiss Life Global Solutions to deliver secure, scalable generative AI solutions that enhance digital health, mental health, and financial wellbeing services. The collaboration aims to streamline insurance sales, reduce call center volume, and improve member services with AI-powered tools. Global AI Insurance Partnership with Swiss Life: BEN partnered with Swiss Life Global Solutions to deliver secure, scalable generative AI solutions that enhance digital health, mental health, and financial wellbeing services. The collaboration aims to streamline insurance sales, reduce call center volume, and improve member services with AI-powered tools. Expanded Partnership with Vybroo and Grupo Siete: BEN expanded its partnership with Vybroo and Grupo Siete to deploy AI-powered brand ambassadors and voice agents across Latin America and Southern Europe, enhancing its digital media presence and unlocking new revenue opportunities in high-growth markets. Expanded Partnership with Vybroo and Grupo Siete: BEN expanded its partnership with Vybroo and Grupo Siete to deploy AI-powered brand ambassadors and voice agents across Latin America and Southern Europe, enhancing its digital media presence and unlocking new revenue opportunities in high-growth markets. Advocating for Responsible AI Privacy Standards: BEN supported and advised on California Assembly Member Carl DeMaio’s proposed AI data privacy legislation bill, which aims to prevent the offshore storage of sensitive user data and underscores the Company’s commitment to secure, closed-loop AI systems focused on trust and compliance. Advocating for Responsible AI Privacy Standards: BEN supported and advised on California Assembly Member Carl DeMaio’s proposed AI data privacy legislation bill, which aims to prevent the offshore storage of sensitive user data and underscores the Company’s commitment to secure, closed-loop AI systems focused on trust and compliance. Conference Call and Webcast Information The Company will host a conference call and webcast tomorrow, Tuesday, June 10, 2025, at 6:00 p.m. ET. CEO Paul Chang and CFO and COO Walid Khiari will lead the call and provide an overview of the company’s financial performance, key business highlights, and strategic outlook. Participants can register here to access the live webcast of the conference call. Those who prefer to join the call via phone can register using this link to receive a dial-in number and unique PIN. The webcast will be archived for one year following the conference call and can be accessed on BEN’s investor relations website at https://investors.beninc.ai/. About Brand Engagement Network (BEN) Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai. Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are not historical facts, and involve risks and uncertainties that could cause actual results of BEN to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “continue,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” or “would,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside BEN’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: uncertainties as to the timing of the acquisition with Cataneo Gmbh (the “Acquisition”); the risk that the Acquisition may not be completed on the anticipated terms in a timely manner or at all; (the failure to satisfy any of the conditions to the consummation of the Acquisition, including the ability to obtain financing to fund the Acquisition on terms that are acceptable or at all; the possibility that any or all of the various conditions to the consummation of the Acquisition may not be satisfied or waived; the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; the effect of the announcement or pendency of the transactions contemplated by the purchase agreement on the Company’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; risks related to diverting management’s attention from the Company’s ongoing business operations; uncertainty as to the timing of completion of the Acquisition; risks that the benefits of the Acquisition are not realized when and as expected; risks relating to the uncertainty of the projected financial information with respect to BEN; uncertainty regarding and the failure to realize the anticipated benefits from future production-ready deployments; the attraction and retention of qualified directors, officers, employees and key personnel; our ability to grow our customer base; BEN’s history of operating losses; BEN’s need for additional capital to support its present business plan and anticipated growth; technological changes in BEN’s market; the value and enforceability of BEN’s intellectual property protections; BEN’s ability to protect its intellectual property; BEN’s material weaknesses in financial reporting; BEN’s ability to navigate complex regulatory requirements; the ability to maintain the listing of BEN’s securities on a national securities exchange; the ability to implement business plans, forecasts, and other expectations; the effects of competition on BEN’s business; and the risks of operating and effectively managing growth in evolving and uncertain macroeconomic conditions, such as high inflation and recessionary environments. The foregoing list of factors is not exhaustive. BEN cautions that the foregoing list of factors is not exclusive. BEN cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. BEN does not undertake nor does it accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, and it does not intend to do so unless required by applicable law. Further information about factors that could materially affect BEN, including its results of operations and financial condition, is set forth under “Risk Factors” in BEN’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q subsequently filed with the Securities and Exchange Commission. Media Contact Amy Rouyer P: 503-367-7596 E: [email protected] Investor Relations Susan Xu P: 778-323-0959 E: [email protected]

Investor releaseQuarter not tagged2025-03-28

BEN Reports Fourth Quarter and Full Year 2024 Financial Results

GlobeNewswire
WILMINGTON, Del., March 27, 2025 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced its financial results and key business highlights for the fourth quarter and full year ended December 31, 2024. "2024 was a defining year for BEN, as we accelerated our expansion in key sectors like automotive, media, and healthcare. In Q4, we successfully integrated our AI-powered solutions with Cox Automotive’s Dealer.com and formed strategic partnerships in Mexico and Europe, further strengthening our global presence,” said Paul Chang, CEO of Brand Engagement Network. “BEN’s innovation enables businesses to adopt safe, secure, turn-key AI solutions to drive efficiency in many aspects of operations in a scalable, cost-effective manner. As we look forward to 2025, we’re excited to build on our recent momentum, refine our solutions in high-growth sectors, and further expand our AI capabilities to meet market demands.” Q4 2024 Key Business Highlights: Walid Khiari Appointed CFO and COO: Walid Khiari, with over 20 years of experience in finance and 15 years as a technology investment banker advising software companies, will lead BEN’s next phase of innovation and global expansion. Cataneo Acquisition: BEN has agreed to acquire 100% of Cataneo GmbH for $19.5 million in cash and stock to expand its global media reach and strengthen its AI-driven advertising capabilities. The transaction is subject to securing financing and obtaining customary regulatory approvals and guarantees by certain BEN shareholders. Closing is currently targeted for Q2 2025. AI-Driven Radio Advertising with Vybroo & Grupo Siete: BEN and Cataneo GmbH partnered with Vybroo and Grupo Siete on a pilot program to modernize radio advertising in Mexico by streamlining ad placement and optimizing campaign performance. Cox Automotive Partnership: BEN successfully integrated its Digital AI Assistant with Cox Automotive’s Dealer.com, enhancing customer engagement and dealership operations through personalized, multimodal experiences. CareHub: BEN signed an agreement with CareHub to deploy GenAI Agents to assist nurse care managers with Remote Patient Monitoring to deliver improved patient outcomes specifically for Chronic Care Management. Conference Call and Webcast InformationThe Company will host a conference ca…Read full document

WILMINGTON, Del., March 27, 2025 (GLOBE NEWSWIRE) -- Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced its financial results and key business highlights for the fourth quarter and full year ended December 31, 2024. "2024 was a defining year for BEN, as we accelerated our expansion in key sectors like automotive, media, and healthcare. In Q4, we successfully integrated our AI-powered solutions with Cox Automotive’s Dealer.com and formed strategic partnerships in Mexico and Europe, further strengthening our global presence,” said Paul Chang, CEO of Brand Engagement Network. “BEN’s innovation enables businesses to adopt safe, secure, turn-key AI solutions to drive efficiency in many aspects of operations in a scalable, cost-effective manner. As we look forward to 2025, we’re excited to build on our recent momentum, refine our solutions in high-growth sectors, and further expand our AI capabilities to meet market demands.” Q4 2024 Key Business Highlights: Walid Khiari Appointed CFO and COO: Walid Khiari, with over 20 years of experience in finance and 15 years as a technology investment banker advising software companies, will lead BEN’s next phase of innovation and global expansion. Cataneo Acquisition: BEN has agreed to acquire 100% of Cataneo GmbH for $19.5 million in cash and stock to expand its global media reach and strengthen its AI-driven advertising capabilities. The transaction is subject to securing financing and obtaining customary regulatory approvals and guarantees by certain BEN shareholders. Closing is currently targeted for Q2 2025. AI-Driven Radio Advertising with Vybroo & Grupo Siete: BEN and Cataneo GmbH partnered with Vybroo and Grupo Siete on a pilot program to modernize radio advertising in Mexico by streamlining ad placement and optimizing campaign performance. Cox Automotive Partnership: BEN successfully integrated its Digital AI Assistant with Cox Automotive’s Dealer.com, enhancing customer engagement and dealership operations through personalized, multimodal experiences. CareHub: BEN signed an agreement with CareHub to deploy GenAI Agents to assist nurse care managers with Remote Patient Monitoring to deliver improved patient outcomes specifically for Chronic Care Management. Conference Call and Webcast InformationThe Company will host a conference call and webcast today, Thursday, March 27, 2025, at 5:00 p.m. ET. CEO Paul Chang and CFO and COO Walid Khiari will lead the call and provide an overview of the company’s financial performance, key business highlights, and strategic outlook. Participants can register here to access the live webcast of the conference call. Those who prefer to join the call via phone can register using this link to receive a dial-in number and unique PIN. The webcast will be archived for one year following the conference call and can be accessed on BEN’s investor relations website at https://investors.beninc.ai/. About Brand Engagement Network (BEN)Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai. Forward-Looking StatementsThis communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are not historical facts, and involve risks and uncertainties that could cause actual results of BEN to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “continue,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” or “would,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside BEN’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: uncertainties as to the timing of the acquisition with Cataneo Gmbh (the “Acquisition”); the risk that the Acquisition may not be completed on the anticipated terms in a timely manner or at all; (the failure to satisfy any of the conditions to the consummation of the Acquisition, including the ability to obtain financing to fund the Acquisition on terms that are acceptable or at all; the possibility that any or all of the various conditions to the consummation of the Acquisition may not be satisfied or waived; the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; the effect of the announcement or pendency of the transactions contemplated by the purchase agreement on the Company’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; risks related to diverting management’s attention from the Company’s ongoing business operations; uncertainty as to the timing of completion of the Acquisition; risks that the benefits of the Acquisition are not realized when and as expected; risks relating to the uncertainty of the projected financial information with respect to BEN; uncertainty regarding and the failure to realize the anticipated benefits from future production-ready deployments; the attraction and retention of qualified directors, officers, employees and key personnel; our ability to grow our customer base; BEN’s history of operating losses; BEN’s need for additional capital to support its present business plan and anticipated growth; technological changes in BEN’s market; the value and enforceability of BEN’s intellectual property protections; BEN’s ability to protect its intellectual property; BEN’s material weaknesses in financial reporting; BEN’s ability to navigate complex regulatory requirements; the ability to maintain the listing of BEN’s securities on a national securities exchange; the ability to implement business plans, forecasts, and other expectations; the effects of competition on BEN’s business; and the risks of operating and effectively managing growth in evolving and uncertain macroeconomic conditions, such as high inflation and recessionary environments. The foregoing list of factors is not exhaustive. BEN cautions that the foregoing list of factors is not exclusive. BEN cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. BEN does not undertake nor does it accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, and it does not intend to do so unless required by applicable law. Further information about factors that could materially affect BEN, including its results of operations and financial condition, is set forth under “Risk Factors” in BEN’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q subsequently filed with the Securities and Exchange Commission. Media Contact Amy RouyerP: 503-367-7596E: [email protected] Investor RelationsSusan XuP: 778-323-0959E: [email protected]

As of 2026-08-29 • Updated weeklySource: Earnings sourceIngestion runbook