BNAI
Brand Engagement NetworkFDocument history
Earnings documents stored for BNAI.
Investor releaseQuarter not tagged2026-05-18Brand Engagement Network Reports Strongest Quarter to Date
PR Newswire
Brand Engagement Network Reports Strongest Quarter to Date
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,...
Investor releaseQuarter not tagged2026-04-20Assessing Brand Engagement Network (BNAI) Valuation After Full Year 2025 Earnings Improvement
Simply Wall St.
Assessing Brand Engagement Network (BNAI) Valuation After Full Year 2025 Earnings Improvement
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...
Investor releaseQuarter not tagged2025-10-15Brand Engagement Network Inc (BNAI) Q2 2025 Earnings Call Highlights: A Turnaround with ...
GuruFocus.com
Brand Engagement Network Inc (BNAI) Q2 2025 Earnings Call Highlights: A Turnaround with ...
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...
Investor releaseQuarter not tagged2025-10-14Brand Engagement Network Reports Second Quarter 2025 Results
PR Newswire
Brand Engagement Network Reports Second Quarter 2025 Results
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...
TranscriptFY2025 Q22025-10-14FY2025 Q2 earnings call transcript
Earnings source - 16 paragraphs
FY2025 Q2 earnings call transcript
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.
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.
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 Instructions] Your first question comes from the line of Jack Vander Aarde with Maxim Group.
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.
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.
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?
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.
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?
Tyler, do you want to take that one?
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.
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.
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.
That concludes the Q&A session. I will now turn the call back over to Tyler Luck for closing remarks.
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.
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 tagged2025-06-10BEN Reports First Quarter 2025 Results and Business Highlights
GlobeNewswire
BEN Reports First Quarter 2025 Results and Business Highlights
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...
Investor releaseQuarter not tagged2025-03-28BEN Reports Fourth Quarter and Full Year 2024 Financial Results
GlobeNewswire
BEN Reports Fourth Quarter and Full Year 2024 Financial Results
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 webc...