DVLT

Image source: The Motley Fool. Wednesday, Aug. 19, 2026 at 8:30 a.m. ET Vice President, Investor Relations - Edward Barger Chief Executive Officer - Nathaniel Bradley Chief Financial Officer - Brett Moyer Operator: Greetings and welcome to the DataVault AI second quarter 2026 earnings results. [Operator Instructions] As a reminder, this conference is being recorded. [Operator Instructions] It's now my pleasure to turn the call over to Edward Barger, Vice President, Investor Relations. Please go ahead, sir. Edward Barger: Thank you, Operator. Good morning, and thank you all for joining us. My name is Ed Barger. I serve as Vice President of Investor Relations. With me today is our Chief Executive Officer, Nathaniel Bradley, and our Chief Financial Officer, Brett Moyer. Before I turn the call over to our CEO, I would like to remind you that this conference call will include forward-looking statements within the meaning of U.S. SEC laws with respect to future operations, financial results, events, trends, and performance, which are based on management's beliefs and assumptions as of today's date. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially from those expressed or implied by such statements. Please see DataVault's second quarter press release and SEC filings for information regarding specific risks and uncertainties that could cause actual results to differ. As required by law, DataVault AI undertakes no obligation to update such forward-looking statements. I will now pass the call over to our CEO, Nathaniel Bradley. Nate? Nathaniel Bradley: Thank you, Ed. Nathan Bradley here. Thank you, everyone, for joining today to go over our Q2 financial results. I'm happy to announce that we are today reiterating our $200 million target revenue for 2026. Brett will go in deeper into the financials, but I'm very excited about the progress that we've made with customers on both sides of our business. I am very confident in this number moving forward. Our DataVault has now created an artificial intelligence platform that lives within the DataVault QPN, our Quantum Private Network. Both divisions, our Acoustic Science and our Data Science divisions, will contribute to the $200 million in revenue for the year. And I'd like to go into how the Data Sciences division will contribute. We have a special contract with Available Networks. And Available Networks is in the process of building over 100 cities and 1,000 locations. America's first AI supercompute network. This AI supercompute network is quantum ready. It's ready for the quantum leap. It's ready to control, contain, and repel cybersecurity attacks. We have a system that allows for our customers to utilize our data value and data score in a method that allows us to value data the moment it is born at the edge of the Internet. This process has led us to become a key partner of Available Networks. In fact, we've entered into Project Qestrel, a project that allows us to mint a coin for Available Networks, that allows them to meter and control the access to their systems. We believe that this system will generate over $10 billion in revenue upon completion. We've already minted the first $1 billion in coins and I'm happy to announce that we've sold coins to a Fortune 500 company. Our DataVault AIP is second to none. It's the #1 tokenomic IP stack in the business. It has international KYC capabilities from CLEAR. It has a team of developers from IBM and our own in Atlanta, Georgia, led by our CTO, Jeff Jones. We have a system that has now incorporated the technology of Fiserv. Fiserv will be fully integrated mid-September at the time in which we intend to launch our networks and our exchanges. We'll be doing a comprehensive demo following the call. To access the demo, please go to the press release announcing this call. Our platform will, once exhibited, show you the ability that our customers possess to value, score, and exchange their data assets for cash. We've created a number of very distinct marketed advantages within our platform, including our use of Fiserv for international clearing, CLEAR for KYC, and the NASDAQ financial infrastructure for trading. We've enhanced this platform drastically over the last few days through acquisition. We've acquired BankWyse, a bank that has a Wyoming State Bank Charter as a special purpose depository institution. The bank, upon a regulatory approval of name change, will change its name to DataVault Bank. And we're going to use the tagline Checking, Savings, and Data to represent the mission of the bank, which is to create a third bank account for Americans where they can value, score, and monetize their data assets from one button, extract all the data that we left in our wake in cloud-based systems, at our doctor's offices, and all throughout our lives. We're able to now collect, curate, and manage that data in digital form. We can now score it, value it, and monetize it, and we can do so for our businesses, and for ourselves. BankWyse opens up a number of unique opportunities, but it's infused with human talent. Julie Fellows, the CEO, a very talented entrepreneur who's positioned BankWyse at the right place at the right time as digital assets become the key new commodity within businesses. We've also acquired CyberCatch. CyberCatch is a quantum-ready security system that allows for us to deliver for all of our clients the ability to catch and remediate cybersecurity attacks. The CyberCatch system is also infused with talent. Mr. Sai Huda, who took over as CEO and is one of the most talented cybersecurity professionals in our country. He has a system that we've purchased in -- that we've signed definitive agreement to purchase in an all-cash transaction that will close in our fourth quarter. In the meantime, CyberCatch software will be infused into DataVault. Every DataVault will have a CyberCatch capability, and that capability will allow our clients to keep safe their digital assets and repel cyber attacks from them. We have a number of unique exchanges that we're bringing to the marketplace. These exchanges will offer utilities and systems and investments that have never been seen before. The information data exchange allows our clients to monetize data systematically, scoring it for validity, scoring it for trustability. Having the ability to know the value and score of your data will become the standard. We have also the International Elements Exchange, focused on RWA and rare earth and strategic minerals, well aligned with our government initiative to create a more sustainable world, create a strategic metal reserve. We have a customer called Patriot Metals, and they are enabling us to participate in a large opportunity around rare earth and strategic metals. As our country creates the American Strategic Metal Reserve, DataVault is a catalyst, a system that allows for increased production and greater access to these metals that are sought after around the world. NYIAX, our advertising exchange, and the American Political Exchange will both be launched to provide new opportunities within those marketplaces. There are many compelling reasons why tokenomics is now and why real assets have become in vogue. There is over $18.9 trillion worth of RWA tokenomics going on right now, and DataVault is going to be a major player in that space, the global reference and the platform that makes it happen. I'm also pleased to be able to describe to you a few key transactions in licensing. In addition to those exchanges that we plan to run and own and operate, we've also licensed those which reach very specific niche markets where we do not operate, but have utility. Scilex has licensed our technology for the use of creation of a biotech exchange. DataMeds has licensed the technology for the data monetization within the medical field. And Vivasor has entered into a special licensing relationship with us where they will monetize medical images and quantum scans, which will become very valuable medical artifacts. The Vivasor opportunity also came with a balance sheet enhancement capability. We swapped 50 million shares of our stock for 50 million shares of Vivasor, and I'm happy to announce that we have now been converted in that Vivasor trade into $150 million worth of Phoenix Asia Holdings stock. This will provide a balance sheet enhancement, allowing our company to qualify for Genius Act compliance and allow for our exchanges to freely trade in a compliant way. That balance sheet, as we continue to build it, will allow us to trade more and more upon our exchanges in a compliant fashion. We've also received a number of foundational patents. We have over 100 in our possession that protect our invention and our products in both divisions. Our Acoustics division has had a number of successes in this space. A big shout-out to Josh Paul, who runs our intellectual property department. He has been exceptional at obtaining new patents for both our WiSA and our ADIO operations. These patents are now foundational to an industrial standard within the acoustics. We have our Acoustic Science division driven by intellectual property and capability that is world-renowned. We have an ability to leverage this in the future. And as we look at the two divisions, they're becoming so tightly connected and so synergistic that we're not compelled to spin out ADIO at the moment. We're going to keep both divisions working as two divisions working on one mission, which is the value creation for our shareholders. The regulatory tailwinds are at our back. The Genius Act is law. The CLARITY Act is pending in our United States Senate with expected passage in September or thereabout. Along that time line, we will be launching our exchanges. In the middle of September, all exchanges will launch. Our licensed exchanges will become active, and we'll be able to clear a number of backlogged opportunities within our Exchange and Data Sciences division. We have three core revenue streams in our Data Sciences division that is IP licensing, tokenization and services, and exchange revenue. At this point, I'd like to turn over the call to Brett Moyer, who will dig deeper into the financial results of our second quarter and set the table for what comes next. Brett? Brett Moyer: Thank you, Nate. I appreciate the overview and the summary of all the terrific work the team has made in the last 90 days. Today I'd like to go through briefly some traditional financial metrics, but then drill into some key parts of our balance sheet and our business that we get asked a lot of questions about. So, if you look at the Q2 highlights, we'll file the Q tonight. It'll show $6.7 million of revenue, in Q2, predominantly from the Acoustics Group, but we did have additional licensing into the medical space with the Data Science side. Now, during Q2, for those that have tracked us, we did raise $60 million. That was primarily used to fund the initial payment into the Available Networks structure that Nate talked about at the top, right? So the Quest token, which is the foundation of the Quest token opportunity. We additionally strengthened the balance sheet with an agreement with -- 2 agreements with Scilex to both buy the Bitcoin for $50 million and to fund the Available Infrastructure network build-out for a rev share later on in the back, which would be non-dilutive. In addition, we announced this morning, which took a lot of work in Q2 and early Q3, we closed the NYIAX transaction. And as Nate mentioned earlier, we've signed definitive agreements with CyberCatch and BankWyse, which substantially, although do not show up in our revenue today that we're talking about, dramatically increased our ability for revenue in Q4 and 2027. Now to go into some greater detail, we've been reporting signed contracts for tokenization business and let's go through what that means. In total, our signed contracts would like to issue $2.5 billion worth of tokens to fund their businesses. That represents $213 million worth of fees. This is as of today. Those fees break out into 2 components. One is banking and licensing fees. So who raises the money, who does the licensing, that will be split, either taken entirely by us or split with partners that are doing the investment banking for our issuers. Additionally, there's $61 million of technology fees that go 100% to us, which is for those building models, 100% margin business. Now, where are we getting the traction? Traction is really broad-based. Traditionally, we talked about the mining and rare earth mineral aspect. That's $1.5 billion. But we've also signed agreements for real estate, tort law for legal settlements, music catalog royalties, and energy, which we've talked about in the past on Triton Global. So in total, we got $2.5 billion worth of demand and signed contracts for funding through tokenization. We've got $160 million for licensing and banking fees and $61 million for technology for a total of $213 million. For the balance sheet, we expect to end this quarter with about 1 billion shares outstanding. That's at 855 million currently outstanding. We got 79 million approximately that will go out for NYIAX. And then between BankWyse and the financing that we announced this morning, we'll add approximately 45 million or 50 million shares into the market. I think what's important about the acquisitions we've done and important for the investors to know, not only did it build out and round out our technology platform that nobody else has, but we also think we've now concluded the majority of acquisition activity. And so going forward, this 1 billion shares and the rapid growth in shares outstanding should abate and we should start driving revenue in the second half of this year and 2027. Okay, so a lot of questions come in on the next topic in terms of liquidity. How are we financing this growth? Well, we've talked about some of this during the call, but we have about $200 million worth of liquidity coming in this year around support from selling a BTC, receivables that we've previously reported for the licenses to Vivasor and Scilex. We have the $120 million rev share deal with Scilex for funding the SanQtum, which is non-dilutive. And we have the financing that we closed this morning. And with that, we think we can finish funding the Available Network rollout. We can fund the business and hit this growth phase in revenue that we're all projecting. So with that, I'd like to turn it over to Nate. Nathaniel Bradley: Thank you, Brett. So just to wrap things up today, I would like to just drive some points home. Our revenue momentum, when you look at our bookings and the demand for our services, we are clearly at the right place at the right time with the right product to execute. We have an infrastructure-first approach at DataVault. We really focused on quantum readiness, cybersecurity, and now the delivery of secure systems that allow for exchange. Our partnership ecosystem is second to none. We have a technology stack that includes multibillion-dollar partners and resources that allow our customers to enjoy the best-in-class digital asset platform. Our IP moat is, again, a very powerful tool for us to exclude others and to become the sole source of the products that we produce. We have a recognition as the tokenization leader. We are the number one international reference for RWA and for rare earth tokenomics. Our balance sheet strength is one in which we are growing to become Genius Act compliant on our exchanges. We'll continue to grow our balance sheet and produce results for our shareholders and stakeholders alike. We thank you again today for taking the time to learn about our company, and appreciate you taking a look at our demonstration that's available from the press release that was issued earlier this morning about this call. Thank you very much. Operator: [Operator Instructions] Our first question today is coming from Barry Sine from Litchfield Hills Research. Barry Sine: Congratulations. A lot of moving pieces today. I want to start by asking you about the status of getting the exchanges up and running in terms of what -- where do we stand with software development? I know you have a very strong CTO down in Atlanta. I think, Nate, you said that you were looking to go live around mid-September. I'm not sure if that's contingent on the CLARITY Act or if you can use the workaround with Perpetual. If you could just give me an update on getting those exchanges, what still needs to be done, what's already done to get those exchanges up and running? Nathaniel Bradley: The great part about our position there, and thanks for the question, is that we have received over $5 million in investment from IBM. They recently tacked on a bit more in terms of their commitment in engineering with us. That team's been at work now for over a year. The process together has yielded platforms that are up and ready to go. There's one integration that we're completing with Fiserv Corporation, which is a catalyst for the entire launch. That is the ability to connect your debit account or your bank account directly to the DataVault and have seamless interactions between banking and the DataVault. Aside from that, all systems go. We will version the technology, so things like CyberCatch, BankWyse as it comes online, and other tools that we're putting in place inside the DataVault, some of it with the inference layer being drastically improved with an acquisition that we made out of London, a company called Salieri, that we bought underlying AI technology from and have integrated into the DataVault. So the entire system really is not dependent on the CLARITY Act whatsoever. CLARITY Act will allow us to expand the amount of digital assets that we're able to put onto our exchanges and it gives us more flexibility and clarity with respect to how to handle complex transactions in token and also manage that from a regulatory standpoint in a compliant modality. We're very focused on Genius Act compliance. Genius Act actually enables our information data exchange, our NIL exchange. These are unhindered by any of the CLARITY Act legislation. CLARITY Act is really instrumental around our strategic metals and other properties that are going to be enhanced with the CLARITY Act passage. In addition, in terms of our timing, we're focused on a licensing and a tokenization process that's not the upfront first part of our system. These revenues are largely recognized as we license the technology and as we tokenize the assets. We have a number of deals that are underway with that, and our third quarter will be drastically impacted by that activity with respect to our ability to recognize revenue. So it is really the middle of September that we're looking at having the Fiserv integration completed, at which point we'll do a big announcement around each of the exchanges as we roll out really sell-side inventories and buy-side relationships that we've worked hard to establish on both sides. Barry Sine: That's really -- similar question on the status of the network construction through Available. Are any of the nodes finished now? What's the target for initial capability and completion, and what do you need from them on that network to do what you just talked about in terms of getting the exchanges up and running? Nathaniel Bradley: Well, again, a good question. So Available is having a great deal of success in their rollout. Their execution has been on time. We have Philadelphia, New York, Washington, D.C., Atlanta, with a testing server that we're able to stage and work on from Atlanta. That element will be in place by the end of the month in Atlanta, but the fully operational network for AI and supercompute is up and running in Philadelphia, New York, D.C. That is expanding on a daily basis. We're in L.A. and over 30 sites are now under construction simultaneously through Available Networks. Our relationship there is one in which Available Networks provides all the funding, manufacturing, and development of the network. They're building out each individual node on behalf of the partnership. Our role is tokenomic. We have a system where we plug in through API to the Available system to meter and to manage the consumption of compute. The compute is incredible. PetaFLOPS of throughput is available to us already. We have also the relationship with IBM, which is getting us the highest quality hardware in place at these sites. We'll be adding, of course, our CyberCatch software as well to that system, and the process of selling the compute is already underway and we've achieved sales already that we'll be announcing here in the near future. Barry Sine: And that's really thorough. Just to clarify, it sounds like with the nodes that are already done, you have what you need to go live with the exchanges you have targeted for completion with Fiserv. It sounds from a network perspective, through Available, you have what you need already to go live and that everything to come is just adding more capacity. Is that correct? Nathaniel Bradley: That is correct. Adjacency to our customers. So as the sites roll out, municipalities, large Fortune 100s and 500s can access Available's network adjacent to their facilities. So the nearness of our nodes to our customers allows for improved performance and security and other elements that we can bring to the table for our clients. So each rollout of a node will give us a hunting ground in those regions with respect to our highest level clientele. All of these clients are interested in data monetization, digital assets, digital twins, all of those things turn on inside Available. So we have kind of a feast of revenue-generative opportunities around each node that we erect. At the moment, the Philly and -- the Philly Prime and New York backup have installed IBM watsonx technology. We also have an AI agnostic system there where Anthropic and ChatGPT and others can be installed in these SanQtums to provide subordinate AI systems that are proprietary. We feel that, that is a very strong value proposition and one that's being sought after corporately. So we're focused on that. We are up and ready with our network. Our technology for our exchanges will be incredibly robust and is already up and running. We're making some final additions, as I mentioned, with Fiserv that will drastically enhance the banking architecture of our systems, allow things like debit cards and other things to be managed through our platform. Operator: [Operator Instructions] Our next question is coming from Alfred Blakely III from Money Channel NYC. Unknown Attendee: Hey guys, how are you? Great quarter, great technology, really looking forward to everything coming out in September. Most importantly for the investors, I just wanted to see if you could reiterate how they can go see the demonstration of how the DataVault works. Nate, I think that would really enlighten people to dot-to-dot how this is going to be the best exchange in the world to use for all different types of digital and real-world assets. Can you just let everybody know about the demonstration and encourage them to go see that because it will really put together -- your demo is unbelievable and it'll put together of what this is all about. Nathaniel Bradley: Well, thank you. Yes. So the -- there is a demonstration available. If you go to dvlt.ai, you can access it directly from our home page. It's a very prominent link on that page. And getting through our demonstrations, we have 2 posted today, one about DataVault and another about our Acoustic division, giving some clarity with respect to how the technologies work together and the underlying technology capabilities are displayed. So hopefully that will allow people to engage. We obviously, from there can take direct appointments for qualified participants to have a deeper dive demo based on their niche or market focus. Unknown Attendee: Yes, that's great. Thank you so much for that because people need to see to believe, so to speak. And when you see the DataVault and its capabilities and it's live for them, you'll see that the company is extremely undervalued. When you see what you guys have built already, people don't understand that you guys have been building behind the scenes waiting for this launch and doing all that work. It's already caught up to the line here when you launch, you'll be all ready, you'll have your quirks systemed out and you know you guys have been testing this, correct? Nathaniel Bradley: Well, blockchain and AI systems are ones in which individuals ran out to market because of the incredible breakthrough of these technologies and what the utilities that they represent drive. So I would say to you that, yes, we've been working for years, both patenting and reducing to practice these inventions. The purpose is to unlock the power of data as a cost center and a liability generator that it is today to turn it into the incredible wealth generation that Bloomberg taught us. The ability to monetize data now in every company's bailiwick because of DataVault. The ability to understand assets, to score them, value them, and exchange them is something that we're well positioned to provide and the reference in the space. So then that -- the commitment to quality, and you mentioned waiting, we did wait. We've been waiting for regulatory clarity. We're Americans. We're building an American exchange, the first of its kind in digital assets. And we're really excited about the assets that we're going to bring to the marketplace, because our customers have been so creative using our platform to create objects of interest and very valuable utilities around our systems. So I appreciate the question. Unknown Attendee: Thank you very much. This is the exchange that everybody can come to worldwide. This is the exchange that when other people make digital assets, they can bring them to you, correct? Nathaniel Bradley: That is right. Yes, absolutely. So our customers provide the content, we provide the mechanism. Our mechanism values, scores, allows them to see and experience their data, have data inference layer run by our artificial intelligence platform that is increasing capabilities, including cybersecurity and data monetization. Operator: Next question is coming from Peter Ruggieri from Craft Capital. Unknown Attendee: You got a lot going on. I have a question. Where are you coming up with $94.5 million to buy this company you just announced? Nathaniel Bradley: Thank you for the questions. The announcement was regarding CyberCatch and a $94 million acquisition. The cash is actually, well, four to fivefold in terms of how we get there. We have announced Qestrel. That coin has already minted $1 billion in access to the Available Networks. Our deal there is 50-50 with respect to the revenue split. So $1 billion in coins would generate $500 million in revenue for DataVault. That is over time. That is cash with respect to our collections there. So that's one source. You can also see that the arrangements that we have around $150 million from Scilex. We also have a receivable of about $190 million around our collection of licensing cash. That, coupled with the Helmex deal that we've announced, where we get further access to balance sheet enhancement and capital, and a number of other transactions that we've lined up. One that we've announced already called Patriot Strategic Metals. PSM is a well-positioned organization with government contacts and contracting into the Department of Strategic Capital of our United States government. This is related to the acquisition of Strategic Metals. It ties into our contracts with American Strategic Metals out of Nevada. We have a number of other contracts, California, Arizona, and other mines coming online with respect to that program. That program is cash accretive to our company. We've announced $700 million in that initiative at the first throw. The total first project is $3.2 billion and is related to American Strategic Metals and the use cases around tokenomics for the purpose of real-world asset monetization and rare earth monetization. So those are the primary sources. Unknown Attendee: Okay. Another question, if you don't mind. So you said after the first quarter call, the majority of revenue is going to hit the second half of the year. So being that we're in the third quarter right now, should we see a very big jump in revenue to hit this $200 million? Is it going to fall more in the third quarter? Or like will it hit the fourth quarter? Trying to get an idea of how to gauge it. Brett Moyer: Listen, Peter, this is Brett. So we did say we're reaffirming guidance for $200 million. We said the exchanges will go live mid-September. So that obviously implies a bump up in Q3, but a very significant bump in Q4. Nathaniel Bradley: We have a number of projects that you will see us announce in Q3. And revenue recognition is something that is obviously subject to audit and to the regulatory overview of the company's book of business. We're getting very good at understanding tokenomics. It's new to our auditors. It's new to the SEC. It's new in many aspects, and there is the challenge. It's really a legal and regulatory challenge around our token exchanges, and we're being extremely careful to get the proper experts and the proper thumbs up from regulators with respect to these assets and how they are being brought to market. So we're being very careful with respect to that. We're also being conservative in the way that we are approaching it. The key to our third quarter and fourth quarter revenues will be manifest in a number of announcements you'll see from us this quarter. And this quarter will reveal, even on the acoustic side, I mentioned the standards body approach we're taking there, and we have a number of other unique revenue streams coming from that side of our business on events and others that you'll see that are tied to dates on the calendar and events that we deliver. So there's a very specific revenue recognition process that's been identified around that to ensure that we're able to recognize $200 million or more this year. Unknown Attendee: Yes, just to go, like a couple of quarters back, you made a comment that you do -- I believe it was north of $400 million or $500 million in revenue for next year. Are you still comfortable with that? Brett Moyer: Peter, we have given the guidance for '26. We have not given official guidance for 2027. Nate has his aspirations and that's where we stand. We have full year guidance for this year. We don't have quarterly guidance and when we're ready to announce '27, we will do so. In the meantime, you got an exciting back half of the year coming given all the acquisitions we put together, the balance sheet strengthening that we did. So with that, we're going to give one more person who's patiently sat in the queue for the entire call, the opportunity to ask a question and then we gotta sign off. Operator: Certainly, our next question is coming from Lee Allen, a private investor. Unknown Attendee: Yes, great. Thank you for the information and taking the call. I just -- as an individual investor with a 6-figure account worth of shares with you guys, I'm just inquiring about the initial email that came out early this year in terms of the delisting threat of the stock languish below $1. And also, with respect to Available Networks, it's really exciting with you guys have going on with them. But are we like the only tenant for them to use their networks? Or are there other companies working out the same arrangement that you guys are with them. So it just will be one of a few people who are using their networks? Nathaniel Bradley: Thank you. So I'll take the last one first just because it's easy. We're exclusive partners of Available. We have an extremely special position with them in terms of managing the tip of the spear, the way that they sell their product is through our tokens, and those tokens are sold at a 50-50 split. So a very special relationship that's exclusive to us with respect to that work that we're doing around Project Qestrel. I'd also want to address, first of all, the amount of commitment that you've made to the company to have such a large portfolio of our stock. It's quite an honor. And I'd like to point out the institutional buying as our company has focused around creating an incredibly powerful stock for our company, we've also resisted the temptation to reverse split the stock. It's something that has been talked about quite a bit out there. We will not split our stock. And the reason why is that this is not the moment to do that. We have a number of key investments that we've made that are coming to fruition. And our focus is around bringing in the revenues around that. Now the regulatory environment in which we operate does have the requirement of trading, obviously, above $1. We believe we're incredibly undervalued right now, and we want our shareholders to be able to see the results that we are going to present in our Q filings and the Q and the K that remain for this year will be illustrative of why we've done what we've done. I think it's very important for that result to hit the tape for our public to really understand what we're performing here at DataVault, which is creating a platform in Web3 that provides more and more capabilities. I think if you look at the shift from retail to institutional investors, you can see that the very learned investors that are part of funds and higher level groups that can endorse our company by buying our stock, we're qualifying for this. Available Networks works with some of the biggest companies in the world. Our technology is foundational to that work. We've been able to get introduced to some of the highest level corporations in America, and we're going to be able to show that by them adopting our technologies and using our technologies to create wealth for their investors, for their companies, and as a result, ours, that -- those results will speak for themselves. And we're resisting the idea that we need to reverse split our stock to stay up. We would like for investors to have the opportunity to own our shares wholly. We are going to post our results and get that done. Now in terms of the timing and requirement, we have an automatic shareholder equity exemption to stay traded on the NASDAQ through February without the need for a reverse split. And so my position as CEO is to not reverse split, but to post results and revenues to hit our guidance for this year and see where we are at the end of this year with respect to our stock price, which I believe will be much, much higher. Unknown Attendee: I tell everybody, Nate Bradley is my retirement plan, so I'm counting on you. Nathaniel Bradley: Man, that means a lot to me, and I won't let you down. I really appreciate that very much. Okay, next question. Operator: Our final question today is coming in from Alan Gornstein from JPMorgan. Unknown Attendee: I'm just calling as a private investor having nothing to do with the company, and I was hoping to get an update on Helmex. Brett Moyer: So we have partially funded the $25 million that we owe in the first tranche. We are actively discussing when we fund the remaining $20 million and when we go live, as you know, it's a European firm. July and August are a little sacrosanct in terms of holidays in Europe, as well as we were busy with these 3 acquisitions. So we'll be actively working on that later this quarter. Nathaniel Bradley: One exciting aspect of that relationship is the amount of business opportunity and pipeline and introduction. So we're looking at that as well. Operator: We've reached the end of our question-and-answer session. I'd like to turn the floor back over for any further closing comments. Nathaniel Bradley: Thank you, everyone, for the interest in our company. Thanks for participating in our quarterly call. We're very excited about our results and look forward to the next steps with everyone. Thank you very much. Operator: Thank you. That does conclude today's teleconference. 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See the 10 stocks » *Stock Advisor returns as of August 26, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. DataVault AI (DVLT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

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. Datavault AI (DVLT) reported second quarter 2026 earnings on 19 August, giving investors fresh detail on its data monetization and wireless audio business at a time of continued stock price weakness this year. See our latest analysis for Datavault AI. Datavault AI’s latest report comes after a volatile stretch, with the share price down 23.40% over the last day and the year to date share price return falling 70.67%. The 3 year total shareholder return has declined 99.80%, pointing to fading momentum despite busy deal activity, legal claims, delayed filings, new executive hires, and fresh tokenization agreements. If Datavault AI’s sharp moves have you reassessing risk, it can help to compare it with other AI related opportunities. Start by scanning 75 profitable AI stocks that aren't just burning cash With Datavault AI trading at cents while the average analyst target sits at US$2.50, the gap between price and expectations is wide. How does that spread compare with a grounded view of fair value today? Datavault AI closed at $0.30 while the most followed narrative places fair value at $2.50, which highlights a very wide gap between price and story. Read the complete narrative. Investors may want to see what kind of revenue ramp and margin profile would need to sit behind that exchange thesis. The fair value hinges on aggressive top line expansion, rising profitability, and a future earnings multiple more often associated with established sector leaders. The full narrative lays out the specific assumptions that would have to line up for that $2.50 figure. Result: Fair Value of $2.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the Datavault AI narrative still leans heavily on unrecognized licensing revenue and smooth acquisition integration, and setbacks on either front could quickly challenge those $2.50 assumptions. Find out about the key risks to this Datavault AI narrative. The analyst narrative points to Datavault AI being undervalued at a fair value of $2.50, yet the current P/S ratio of 6.1x tells a more cautious story. It is slightly above the 6.0x peer average and below the 7.2x US Semiconductor industry, which suggests limited room for error if growth stalls. How comfortable are you with that trade off? For a closer look at how this price compares with peers, and what the numbers imply for valuation risk, See what the numbers say about this price — find out in our valuation breakdown. With sentiment around Datavault AI highly divided, it can be useful to review the underlying data yourself and form an independent view. To understand the main concerns investors are watching, review these 3 important warning signs Do not stop with Datavault AI alone. Broaden your watchlist with focused stock ideas that match different goals and risk levels using the Simply Wall Street Screener. Hunt for overlooked quality by reviewing the screener containing 20 high quality undiscovered gems that combine strong fundamentals with limited market attention. Strengthen your portfolio foundation by scanning the solid balance sheet and fundamentals stocks screener (50 results) that emphasize financial resilience and healthy balance sheets. Prioritize capital preservation by reviewing the 78 resilient stocks with low risk scores built to limit downside while still offering equity exposure. 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 DVLT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Datavault AI is drawing investor attention with its $800 million RWA tokenization backlog. Analysts expect the company to post Q2 revenue of $30.25 million. Datavault’s Q3 focus includes Project Qestrel, edge AI expansion and tokenized data exchanges. Datavault AI (DVLT) shares surged about 28% in overnight trading as retail traders turned their attention to the data monetization company ahead of its second-quarter earnings report Wednesday, with its more than $800 million in signed tokenization contracts and aggressive AI infrastructure expansion emerging as key catalysts. Investor attention is focused on Datavault AI’s reported $800 million backlog of signed real-world asset (RWA) tokenization contracts. The company expects to rake in about $90 million to $100 million in implementation fees during 2026 as these deals move forward. Datavault AI has also set a $200 million full-year revenue target. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox With a small market value of $331 million and 11.6% short interest, per Koyfin data, Datavault AI has been attracting speculative traders ahead of earnings. Investors will closely watch whether its large contract pipeline turns into actual revenue in the second half of 2026. According to Fiscal AI data, analysts project $30.25 million in Q2 revenue and a loss per share of $0.03. Datavault AI stock traded over 28% higher overnight, ahead of Wednesday, after closing its best day since February in the regular session. Datavault has been trading around $0.4 range after falling from its October high of $4.08. Datavault AI’s RWA platform tokenizes physical, digital and intellectual-property assets through four stages: asset verification and compliance, AI-based valuation, blockchain token issuance with smart contracts, and exchange-based trading and monetization. Datavault AI is also attempting to gain weight in several emerging technology markets. Its SanQtum initiative focuses on quantum-ready AI and edge data infrastructure, while the company pursues opportunities in data monetization platforms, including NYIAX and IDE. Datavault AI’s Q3 2026 priorities focus on commercializing its Project Qestrel token, expanding SanQtum edge AI infrastructure and developing specialized tokenized data exchanges. On Stocktwits, retail sentiment around the stock improved to ‘extremely bullish’ from ‘bullish’ territory the previous day. The stock saw a 1,640% jump in message volume over the past week with a 0.5% gain in watchers. A user said, “tokens will be the future.” Another user said, “once this breaks .50 it’s going to trigger some big fomo.” DVLT stock has crashed 40% year-to-date. Also See: HD Stock Ticks Higher Overnight: Home Depot’s Worst May Be Over, Say Analysts As Housing Downturn Shows Signs Of Easing For updates and corrections, email newsroom[at]stocktwits[dot]com. Shivani Kumaresan has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: TGT Q2 2027 Earnings Summary HONA Stock Jumps 9% — Honeywell Aerospace Selloff Went Too Far, Morgan Stanley Says Solana, Ethereum, XRP Outperform Bitcoin In $69K Rally – $1.6B In Crypto Bets Get Wiped Out

This article first appeared on GuruFocus. Revenue: $6.7 million in Q2 2026, predominantly from the acoustics group, with additional licensing into the medical space from the data science side. Signed Tokenization Contracts: $2.5 billion worth of tokens to be issued, representing $213 million in fees. Banking and Licensing Fees: $160 million from signed tokenization contracts. Technology Fees: $61 million from signed tokenization contracts, with 100% margin. Liquidity: Approximately $200 million expected in 2026 from selling BTC, receivables from Vivisol and Silex licenses, and a $120 million non-dilutive rev share deal with Silex. Shares Outstanding: Expected to end the quarter with about 1 billion shares outstanding. Warning! GuruFocus has detected 3 Warning Signs with DVLT. Is DVLT fairly valued? Test your thesis with our free DCF calculator. Release Date: August 19, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Reiterated $200 million revenue target for 2026, expressing high confidence in achieving it. Signed contracts for tokenization services totaling $2.5 billion in token issuances, representing $213 million in fees, including $61 million in high-margin technology fees. Strategic acquisitions of BankWise and CyberCatch enhance the platform with banking capabilities and quantum-ready cybersecurity, expanding revenue potential. Exclusive partnership with Available Networks for Project Questrel, with over $1 billion in coins already minted and sold to a Fortune 500 company, generating significant revenue potential. Strong IP portfolio with over 100 patents, including foundational patents in acoustics, providing a competitive moat and potential licensing revenue. Q2 2026 revenue was only $6.7 million, a significant shortfall compared to the $200 million annual target, raising concerns about achievability. The company faces potential delisting risk from NASDAQ due to stock price below $1, with no reverse split planned, relying on future results to boost the share price. Significant dilution with shares outstanding expected to reach 1 billion by end of Q3, potentially pressuring stock price and shareholder value. Revenue recognition for tokenomics is complex and subject to regulatory and audit scrutiny, creating uncertainty in timing and amount of recognized revenue. The company has not provided official guidance for 2027, despite previous aspirations for higher revenue, indicating a lack of concrete forward-looking commitments. Q: Can you provide an update on the status of getting the exchanges up and running, specifically regarding software development and the timeline for going live?A: Nathaniel Bradley (CEO): The platforms are up and ready, with the final integration with Fiserv Corporation being the catalyst for the full launch, expected to be completed by mid-September. This integration will allow for seamless interactions between banking and the DataVault. The launch is not dependent on the Clarity Act, which will instead allow for expansion of digital assets and more flexibility in handling complex transactions. The company is focused on Genius Act compliance, which enables the information data exchange and NIL exchange. Revenue recognition from licensing and tokenization will be drastically impacted in Q3. Q: What is the status of the network construction through Available Networks, and what is needed from them to get the exchanges up and running?A: Nathaniel Bradley (CEO): Available Networks is executing on time, with fully operational AI and supercompute networks in Philadelphia, New York, and Washington, D.C., and over 30 sites under construction simultaneously. DataVault's role is tokenomic, using an API to meter and manage compute consumption. The process of selling compute is already underway, with sales achieved that will be announced soon. The existing nodes are sufficient to go live with the exchanges, and future construction will add more capacity. Q: Where is the $94.5 million coming from to fund the CyberCatch acquisition?A: Nathaniel Bradley (CEO): The cash sources are multi-fold. The Quest token has already minted $1 billion in access to Available Networks, with a 50-50 revenue split generating $500 million for DataVault. Other sources include $150 million from Silex, a receivable of about $190 million from licensing cash, and the Patriot Strategic Metals deal, which is cash accretive and tied to government contracts for strategic metals, with a first project valued at $3.2 billion. Q: Should we expect a very big jump in revenue in Q3 or Q4 to hit the $200 million target?A: Brett Moyer (CFO): The company is reaffirming the $200 million guidance. With exchanges going live mid-September, there will be a bump up in Q3, but a very significant bump in Q4. Nathaniel Bradley (CEO) added that revenue recognition is subject to audit and regulatory overview, and the company is being extremely careful and conservative in its approach. Key announcements in Q3 will reveal the path to recognizing the $200 million or more this year. Q: Are you still comfortable with the previous comments about $400 million or $500 million in revenue for next year?A: Brett Moyer (CFO): The company has given guidance for 2026 but has not given official guidance for 2027. Nate has his aspirations, but the company will announce 2027 guidance when ready. The focus is on the exciting back half of the year given the acquisitions and balance sheet strengthening. Q: Regarding the delisting threat of the stock below a dollar, and are you the only tenant using Available Networks?A: Nathaniel Bradley (CEO): DataVault is the exclusive partner for Available Networks, managing the sale of their product through tokens with a 50-50 split. On the delisting threat, the company has resisted a reverse split, believing the stock is undervalued. They have an automatic shareholder equity agreement exemption to stay traded on NASDAQ through February without a reverse split. The CEO's position is to post results and revenues to hit guidance, believing the stock price will be much higher by year-end. Q: Can you provide an update on the Helmex deal?A: Brett Moyer (CFO): The company has partially funded the $25 million first tranche and is actively discussing when to fund the remaining $20 million and go live. The delay is due to European holidays and the focus on three acquisitions. Nathaniel Bradley (CEO) added that the relationship brings significant business opportunity and pipeline introductions. Q: Can you reiterate how investors can see the demonstration of how the DataVault works?A: Nathaniel Bradley (CEO): The demonstration is available at dvlt.ai, with a prominent link on the home page. Two demonstrations are posted today, one about DataVault and another about the acoustic division. Direct appointments can be made for qualified participants to have a deeper dive demo based on their niche or market focus. Q: Is this the exchange that everyone can come to worldwide, and can other people bring their digital assets to you?A: Nathaniel Bradley (CEO): Yes, absolutely. Customers provide the content, and DataVault provides the mechanism that values, scores, and allows them to see and experience their data. The AI platform's inference layer is increasing capabilities, including cybersecurity and data monetization. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Reiterated the $200 million revenue target for 2026, driven by synergistic contributions from both the Data Science and Acoustic Science divisions. Established a foundational partnership with Available Networks to build a quantum-ready AI supercompute network across 100 cities, utilizing DataVault's tokenomic IP for metering and access control. Acquired BankWyse to secure a Wyoming State Bank Charter, enabling the creation of a 'third bank account' for Americans to value, score, and monetize personal data assets. Signed a definitive agreement to acquire CyberCatch, a quantum-ready security system, to embed remediation and protection capabilities into every DataVault instance. Leveraged a $150 million stock conversion into Phoenix Asia Holdings to enhance the balance sheet for Genius Act compliance, facilitating compliant trading on company exchanges. Maintained both the Acoustic and Data Science divisions as a unified entity due to increasing operational synergies and shared value creation goals. Secured over 100 foundational patents to protect proprietary inventions in tokenomics and acoustic standards, creating a competitive moat against market entrants. Scheduled a comprehensive launch of all proprietary and licensed exchanges for mid-September 2026, following the full integration of Fiserv for international clearing. Anticipates a significant revenue ramp in Q4 2026, supported by $213 million in signed contract fees for tokenization projects across mining, real estate, and legal sectors. Assumes regulatory tailwinds from the Genius Act and the pending CLARITY Act will expand the volume and complexity of digital assets eligible for exchange listing. Projects $200 million in liquidity for the remainder of the year through Bitcoin sales, licensing receivables, and a $120 million non-dilutive revenue share deal with Scilex. Commits to avoiding a reverse stock split by focusing on hitting revenue guidance and leveraging a shareholder equity exemption to maintain NASDAQ listing through February. Announced the $94.5 million acquisition of CyberCatch as an all-cash transaction expected to close in the fourth quarter of 2026. Reported a share count increase to approximately 1 billion shares outstanding following the closing of the NYIAX transaction and recent financing activities. Identified the primary risk as the evolving legal and regulatory landscape for tokenomics, requiring conservative revenue recognition and ongoing coordination with the SEC. Noted that the Available Networks partnership involves a 50-50 revenue split on the $1 billion in minted Qestrel coins, which will be recognized as cash collections occur over time. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that exchange launches are not dependent on the CLARITY Act, as current systems are built for Genius Act compliance. The mid-September launch timeline is primarily tied to completing the Fiserv integration for seamless banking-to-DataVault interactions. Confirmed that nodes in Philadelphia, New York, and Washington, D.C. are already operational, with IBM watsonx technology currently installed at the Philadelphia and New York locations. Stated that the existing network capacity is sufficient for the initial exchange launch, with the remaining 30+ sites under construction providing additional regional adjacency for clients. Management identified multiple funding sources: the 50-50 revenue split from Qestrel coins, $190 million in licensing receivables, and capital from the Patriot Strategic Metals initiative. The acquisition is part of a broader strategy to infuse every DataVault with quantum-ready cybersecurity talent and software. CEO Nathaniel Bradley explicitly stated the company will not pursue a reverse stock split, citing an automatic shareholder equity exemption valid through February. The strategy to maintain listing relies on posting Q3 and Q4 results that reflect the company's $200 million revenue guidance to drive organic stock price appreciation.

Revenues grew 14% reaching $1.779M in Q2/26, beating management projections Corporate name change from Wellgistics Health, Inc. to DataMeds AI, Inc. in July 2026, which led to stock symbol change from ‘WGRX' to ‘MEDS' on NASDAQ Capital Markets $6.5 million new funding in June 2026 provided capital to support corporate turnaround Pending transaction with Datavault AI, EOS Technology Holdings, Scilex Holdings and HealthBridge Associates to consolidate patent protected blockchain, biometrics and pharmaceutical-adjunct products intellectual properties to deliver the "Health Lives Here" consumer app, in partnership with NFL Alumni Health (NFLAH), to deliver an effective healthcare experience to patients in rural communities via local independent pharmacies 1:50 reverse split in May 2026 implemented to partially address NASDAQ delisting risk Holders of 1,533,930 common shares, representing ~49% of shares outstanding, have entered into lock-up agreements for at least an additional ninety (90) days Dream Bowl Meme Coin I token distribution Payment Date set as September 9, 2026 with ratio of 50 tokens per common share owned as of end of business August 7, 2026 KareRx joint venture added Electronic Benefits Verification (EBV) and access to 200,000 patient lives that began to provide material revenue to rebranded Corexa Pharmacy Neuritek Therapeutics, Inc. pending acquisition was terminated in May 2026 TAMPA, FL / ACCESS Newswire / August 17, 2026 / DataMeds AI, Inc. (NASDAQ:MEDS) ("DataMeds AI," "DataMEDS," or the "Company"), an integrated healthcare company leveraging its Health IT infrastructure and artificial intelligence platform EinsteinRx™ combined with blockchain-enabled smart contracts platform PharmacyChain™ to provide integrated solutions for the compliant delivery of healthcare and monetization of health data by market participants, today reported second quarter 2026 financials and provided a business update. The Company is expecting to launch the Health Lives Here (HLH) consumer app together with National Football League Alumni Health (NFLAH) in September 2026, targeting patients on or contemplating taking GLP-1 agonist medications in rural communities through their local independent pharmacies. The Company recently made available companion medical food Forzet, indicated for the dietary management of muscle associated with weight loss therapies, through its pharmacy-focused division Corexa Health (dba Corexa Health AI, www.corexahealthai.com). "Having been in leadership now for just under three months, I am excited with the significant progress we are making towards the important milestone of launching the Health Lives Here app together with NFLAH," said Gerald Commissiong, interim co-CEO of DataMEDS. "As we move towards this important milestone, we have successfully begun consolidating the key healthcare infrastructure needed to deliver a workflow for the patient that will result in a seamless patient experience that will allow patients to engage with their healthcare in a way that was previously not possible. We intend to engage the patient through telemedicine, a consumer app and their local independent pharmacist who will be educated on the pharmaceutical-adjunct products we provide through our relationship with Tollo Health that are intended to help mitigate drugs' side effects and improve their effectiveness at the initial HLH app launch. As previously stated, we intend to acquire a CLIA lab that will allow us to offer direct-to-consumer testing, adding an additional layer of service for patients while allowing us to further integrate our customers' healthcare data into their patient profiles that patients will be able to ‘opt-in' to be fed into our EinsteinRx artificial intelligence platform to gain unique healthcare insights, including wearables data correlated with pharmacodynamic drug response. Ultimately we intend to move all of this data onto the blockchain, protected through our Datavault AI (NASDAQ:DVLT) license that provides us with patent protection on healthcare data tokenization and monetization, allowing us to provide patients with an opportunity to participate in the revenue generated through the sale of their health data. We also intend to perfect intended launch of a drone service to deliver medical products, with biometric confirmation of delivery through QOLPOM patents being acquired from Scilex Holdings and EOS Technology Holdings. The first medical products drone service in the United States was recently completed by Cleveland Clinic, although this service does not include biometric confirmation of who the medications are being delivered to. Second Quarter 2026 Corporate Highlights Entered into agreement to expand Datavault AI PharmacyChain™ license to all of commercial healthcare, acquire QOLPOM patent portfolios in biometric confirmation of drug consumption through wearables and biometric confirmation of drug delivery recipient via drones, and a acquire a controlling interest in Tollo Health (together the ‘Datavault Transaction') Raised $6.5 million in new funding to drive Restructured $14.5 million in pre-existing debt to provide path to preferred equity swap Sequentially grew revenue 14% quarter-over quarter to $1.779 million when comparted with first quarter financial 2026 results, exceeding management projections Completed 1 for 50 reverse stock split Entered into lock-up agreements with holders of 1,533,930 common shares Entered into joint venture with KareRx, providing access to additional hub services that complement pre- existing offering, including Electronic Benefits Verification (EBV) services for prospective clients, Corexa Pharmacy and Health Lives Here, and access to 200,000 patient lives Third Quarter 2026 Highlights to Date Changed corporate name to DataMeds AI, Inc. and changed stock symbol to ‘MEDS' Appointed Brett Thompson as Chief Technology Officer Updated Datavault Transaction terms for tax optimization Pharmacy-focused division rebranded under Corexa Health umbrella Corexa Pharmacy launches Tollo Health products Tollovid® and Galectovid™ Interim co-CEO Gerald Commissiong featured on Fox Business together with NFL Legend Emmitt Smith to discuss NFLAH support for Health Lives Here Expected Remaining Second Half 2026 Milestones Launch of Health Lives Here consumer app targeting GLP-1 users Launch of Medical Food Forzet targeting weight loss patients Closing of Datavault Transaction Loss from Operations: The Company recorded a net operating loss of $18.363 million in the quarter ended June 30, 2026, compared with a net operating loss of $6.672 million in the quarter ended June 30, 2025. The increase in net loss was largely due to the expenses associated with the extinguishment of debt and general and administrative expenses. Net loss per share in the quarter ended June 30, 2026 was $7.13 on 2.574 million weighted average shares outstanding, compared to the quarter ended June 30, 2025, where the Company delivered a loss of $5.50 per share on 1.235 million weighted average shares outstanding. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. For more information on DataMeds Ai, Inc., refer to www.datamedsai.com About DataMeds AI, Inc. DataMeds AI, Inc. (formerly Wellgistics Health) is a leading Health IT company that focuses on the vertical integration of technology, pharmacy, pharmaceutical-adjacent and telemedicine business units to deliver a better healthcare experience for consumers. Headquartered in Tampa, Fla., DataMeds AI incorporates the artificial intelligence platform EinsteinRx™ and blockchain-enabled smart contracts platform PharmacyChain™ into the Health Lives Here mobile application, and its Corexa Health subsidiary provides pharmacy and pharmacy services, including the distribution of products developed by Tollo Health, LLC. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding: future events, including DataMeds AI, Inc.'s payment of the Dream Bowl Tokens and the timing thereof (including that the Board may change the Payment Date) and the Company's intention to deliver liquidity and broad distribution of the Dream Bowl Tokens. These statements are based on management's current expectations and are not predictions of actual performance.; the Company's plans to expand into telemedicine and diagnostic laboratory services; the Company's proposed transaction with DataVault AI Inc., Scilex Holding Company, EOS Holdings and HealthBridge Advisors; the satisfaction or waiver of closing conditions applicable to any of the foregoing; the receipt of stockholder approval and any other required approvals; the Company's anticipated business strategy, operating plans and growth opportunities; the integration of telemedicine, pharmacy, laboratory, wearable-device, artificial intelligence, blockchain and data-management technologies; the proposed development, commercialization and expansion of EinsteinRx AI, PharmacyChain, Health Lives Here and related platforms; the anticipated growth of the market for Long COVID products and related treatment approaches; the Company's ability to empower patients to access, manage, control or monetize health data; the anticipated benefits of the Company's technology platforms, strategic relationships and business combinations; the Company's capitalization, outstanding securities, lock-up arrangements, public float and registration statements; the Company's ability to maintain compliance with Nasdaq listing standards; and the Company's liquidity, capital resources and ability to fund operations. Forward-looking statements speak only as of the date of this press release. The Company undertakes 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. DataMeds AI Media Contact James Lambert, Vice PresidentRubenstein Public RelationsPhone: 212.805.3024Email: [email protected] DataMeds AI Investor Contact Investor Relations: [email protected] PART I-FINANCIAL INFORMATION Item 1. Financial Statements. DATAMEDS AI, INC.CONSOLIDATED BALANCE SHEETS(Unaudited) See the accompanying notes to the unaudited condensed consolidated financial statements DATAMEDS AI, INC. CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) ### SOURCE: DataMEDS AI, Inc. View the original press release on ACCESS Newswire

Interested in Nasdaq, Inc.? Here are five stocks we like better. Nasdaq posted strong Q2 2026 results, with net revenue up 15% to $1.5 billion and diluted EPS rising 25% to $1.07, the first time quarterly EPS topped $1. Operating and EBITDA margins also expanded, reflecting broad-based growth across the business. Capital Access Platforms and Indexes were major drivers, led by record U.S. listings activity, $111 billion in operating company proceeds raised, and the first-ever quarter with exchange-traded product AUM above $1 trillion. Index revenue jumped 35% as inflows and derivatives volumes hit new highs. Financial Technology and Market Services continued to scale, with double-digit growth in Verafin, regulatory technology and capital markets tech, plus record trading volumes in Market Services. Nasdaq also raised full-year expense guidance and continued returning cash through dividends and share buybacks. Datavault AI's Swiss Exchange Is Reshaping Its Future Nasdaq (NASDAQ:NDAQ) reported strong second-quarter 2026 results, with executives highlighting broad-based revenue growth across its divisions, record activity in its index and listings businesses, and continued demand for financial technology products tied to market modernization, artificial intelligence and financial crime prevention. Chair and CEO Adena Friedman said Nasdaq delivered “outstanding growth across each of our divisions,” supported by demand for market infrastructure and mission-critical technology. The company reported $1.5 billion in net revenue, up 15%, and $1.2 billion in solutions revenue, up 17%. Annualized recurring revenue rose 12% year over year to $3.3 billion. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? 3 Industry Behemoths Are Rewarding Investors With Dividend Bumps Chief Financial Officer Sarah Youngwood said Nasdaq posted net income of $605 million and diluted earnings per share of $1.07, up 25% from the prior-year period. She said it was the first time in the company’s history that quarterly EPS exceeded $1. Operating margin was 57%, while EBITDA margin was 60%, both up two percentage points from the prior-year period. Nasdaq’s Capital Access Platforms division generated $621 million in revenue, up 18%, while annualized recurring revenue rose 8%. Friedman said the company’s U.S. listings franchise delivered “the strongest first half in U.S. exchange history,” with $111 billion in operating company proceeds raised. → 3 Photonics Companies Making Quantum Tech Possible 2 stocks that under-promised and over-delivered on their earnings The company pointed to the June 12 IPO of SpaceX, which Friedman described as the largest IPO in history, raising $86 billion. She said Nasdaq also dual-listed SpaceX on Nasdaq Texas. Other second-quarter listings cited on the call included Cerebras, Quantinuum and Parabolis Medicines. In total, Nasdaq welcomed 26 new operating companies during the quarter, raising $106 billion in proceeds, including seven of the top 10 IPOs. Friedman said the IPO environment remains robust and that Nasdaq is “in a strong position to capitalize” as companies look to enter the public markets in the second half of the year. During the question-and-answer session, she said the pipeline is broadening beyond individual large deals, with activity tied to AI infrastructure, power, compute capabilities, healthcare, biotech, defense-related companies and consumer businesses. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Nasdaq’s index business also reached milestones. Friedman said exchange-traded product assets under management exceeded $1 trillion for the first time, while the business recorded $51 billion in net inflows for the quarter and $109 billion over the last 12 months. Youngwood said index revenue rose 35%, driven by record average ETP AUM and higher derivatives contract volumes. In data, Friedman said growth was driven by new bookings and increased usage, including a 34% year-over-year increase in enterprise licenses across multiple geographies. She cited demand from AI use cases, digital asset platforms and preparations for extended trading hours as key growth drivers. Nasdaq’s Financial Technology division reported revenue of $539 million, up 15%, with annualized recurring revenue up 16%. Friedman said the quarter included 58 new clients, seven cross-sells and 107 up-sells. Financial crime management technology, including Nasdaq Verafin, delivered 22% revenue growth. Friedman said Verafin now serves more than 2,800 clients representing more than $13 trillion in collective assets. During the quarter, the business signed 47 new small and midsize business clients, as well as enterprise expansions, renewals and cross-sells. Friedman said early third-quarter activity brought enterprise signings so far in 2026 to 11, already exceeding the total for all of 2025. Executives emphasized AI adoption in Verafin and other products. Friedman said Verafin’s “agentic AI workforce” is now used by 750 clients and that the company has moved two new agentic workers into beta, focused on AML structuring alerts and ACH fraud alert triage. She said Nasdaq plans to introduce auto-dispositioning capabilities in the third quarter and flexible deployment options across third-party systems by year-end. In response to an analyst question about AI monetization, Friedman said Nasdaq is taking a product-by-product approach. In some cases, AI capabilities are being integrated into core products, with pricing evaluated over time. In other cases, including certain Verafin and surveillance tools, Nasdaq is using a freemium model that can convert clients to paid subscriptions. Regulatory technology revenue rose 13%, while capital markets technology revenue increased 14%. Friedman highlighted demand tied to always-on markets, infrastructure modernization and cloud-enabled regulatory reporting. She also said Nasdaq completed modernization programs for BYMA, the Argentina Stock Exchange, and nuam, a regional market operator integrating the Peru, Chile and Colombia stock exchanges. Nasdaq’s Market Services division reported record quarterly net revenue of $340 million, up 11%. The company said growth was supported by record industry volumes in U.S. equities and U.S. options, strong European equities and fixed income activity, and continued strength in index options. Friedman said Nasdaq set records in notional value traded during the June triple witch expiration and the Russell reconstitution. On June 18, Nasdaq recorded $296 billion in notional value traded during triple witching. The Russell reconstitution on June 26 produced record revenue, 4.6 billion shares in the cross and $334 billion in notional value traded, she said. Nasdaq also said it remains on track for a projected launch of 23.5-hour trading on Dec. 6, 2026. Friedman said the company received SEC approval to list event options and remains on track for a fourth-quarter launch. Youngwood said second-quarter operating expenses were $641 million, up 10%, reflecting employee compensation, incentive compensation tied to revenue execution, marketing expense related to the IPO environment, technology investments and severance costs. Nasdaq raised its 2026 non-GAAP expense guidance to a range of $2.530 billion to $2.570 billion, from a previous range of $2.485 billion to $2.545 billion. Youngwood said the increase reflected higher employee compensation and increased marketing expense due to a strengthening IPO environment. The company maintained its 2026 non-GAAP tax rate guidance of 22.5% to 24.5%. Nasdaq generated $477 million in free cash flow during the quarter and $2.2 billion over the last 12 months, with a 97% conversion ratio. The company paid a dividend of $0.31 per share, totaling $174 million, and repurchased 4.1 million shares for $356 million during the quarter. In total, Nasdaq returned more than $530 million to shareholders in the second quarter. Youngwood said Nasdaq finished the quarter with a gross leverage ratio of 2.6 times after EBITDA growth and a net repayment of about $162 million of gross debt. She also said Nasdaq launched a $200 million to $250 million variable accelerated share repurchase plan in July, expected to be completed in the third quarter. Friedman closed the call by saying Nasdaq’s second-quarter results “reflect the disciplined execution of our strategy” and reinforce the company’s role as a transformation partner to the global financial system. Nasdaq, Inc is a global financial technology company that operates one of the world's leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators. Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider. 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 "Nasdaq Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Wellgistics Pharmacy monthly revenue increased from approximately $0.1 million in November 2025 to approximately $0.6 million in April 2026, based on preliminary unaudited results Q1-26 focus on optimization of Wellgistics Pharmacy revenue growth and capabilities positions Company to integrate emerging licensed PharmacyChain™ pharmacy data tokenization technology into pharmacy dispensing AI hub EinsteinRx™ Kare Pharmtech joint venture expands the Company's telepharmacy and direct-to-patient capabilities, providing immediate access to 200,000+ patient lives Strategic partnership with Tollo Health provides access to proprietary pharmaceutical-adjunct medical foods & dietary supplements, telemedicine and mental health AI coaching & regimen compliance tools via "Health Lives Here" app that is targeted to launch in August 2026 following the reveal with NFL Alumni Health at 2026 NFL Draft in Pittsburgh The Company is in advanced discussions with Datavault AI regarding a binding term sheet to expand the scope of the PharmacyChain™ license to include Health-as-a-Service (HaaS) capabilities Company has terminated previously announced non-binding letters of intent with Neuritek and WellCare and does not intend to proceed with those transactions TAMPA, FL / ACCESS Newswire / May 19, 2026 / Wellgistics Health, Inc. (NASDAQ:WGRX), a health information technology company, integrating proprietary pharmacy dispensing optimization artificial intelligence (AI) platform EinsteinRx™ with licensed blockchain-enabled smart contract technology through PharmacyChain™, reported financial results for the first quarter ended March 31, 2026 and provided a second quarter 2026 business update from its President & Interim-CEO Prashant Patel, RPh. "The Company's first quarter focus on expanding direct sales from its Wellgistics Pharmacy segment led to sequential quarter over quarter growth that is now beginning to reach critical mass in the second quarter," said Prashant Patel, RPh, President & Interim-CEO Prashant Patel. "We believe the sequential growth in Wellgistics Pharmacy revenue, together with our Kare Pharmtech joint venture, provides a foundation for continued expansion of our direct-to-patient initiatives. As we work to onboard patient lives available through the joint venture and prepare for the targeted August 2026 launch of the Health Lives Here initiative with Tollo Health and NFL Alumni Health, we are also continuing to advance the integration of PharmacyChain™ functionality with our EinsteinRx™ pharmacy dispensing AI hub. As we onboard an increasing percentage of the 200,000+ patient lives through the joint venture, we are preparing to support a significant ramp up in prescription dispending through our direct-to-consumer initiatives with Tollo Health coming from that planned August 2026 launch through the partnership with NFL Alumni Health of the "Health Lives Here initiative" that was revealed at the 2026 NFL Draft in Pittsburgh." Mr. Patel continued, "As we engage with stakeholders in the pharmaceutical distribution space, we believe the GLP-1 market remains in an early stage of development and that products such as the Forzet™ medical food product, which is intended to support the dietary management of muscle loss associated with weight-loss therapies may represent an important adjunct opportunity," We intend to increasingly focus on the GLP-1 segment and consolidate the capabilities required to provide what we believe to be a seamless end-to-end user experience that will likely lead to strong customer satisfaction and retention." "We believe the cost reduction and operating discipline implemented by management have better aligned the Company's expense structure with its near-term revenue opportunities," noted Mr. Patel. First Quarter 2026 Corporate Highlights Sequential quarter over quarter revenue growth: Added quantum key encryption functionality to the Datavault AI PharmacyChain™ license to enhance security features for the Company's emerging pharmaceutical distribution-focused blockchain platform Tollo Health partnership expansion adds telehealth, mental health AI coaching & regimen compliance tools via proprietary app, proprietary medical food Forzet™ for the dietary management of muscle loss associated with weight loss therapies, and NFL Alumni Health's "Health Lives Here" marketing partnership to Wellgistics capabilities Insurance Eligibility and benefits verification (EBV) services added to EinsteinRx offering Continued strategic shift focusing on direct-to-consumer market Second Quarter 2026 Corporate Highlights to Date and Upcoming Milestones Progress to date Completed joint venture with KareRx to add KareRx technology hub and operations to EinsteinEx, gaining telepharmacy capabilities and operations in order to position for increasing Wellgistics Pharmacy dispensing activities, onboarding of new manufacturer relationships and execution of the pending "Health Lives Here" app launch targeted for August 2026 in partnership with NFL Alumni Health Pending milestones Continue discussions with Datavault AI regarding an expansion of the PharmacyChain™ license to include Health-as-a-Service capabilities Establish initial HIPAA-compliant data transfer functionality designed to support smart contract-enabled prescription drug transactions through Wellgistics Pharmacy Loss from Operations: The Company recorded a net operating loss of $7.742 million in the quarter ended March 30, 2026 compared with a net operating loss of $32.430 million for the quarter ended March 31, 2025. The decrease was largely due to a decrease in general and administrative expenses resulting from the implementation of cost cutting and other strategic measures by new management. Net operating loss per share for the quarter ended March 31, 2026 was $0.07 on 104.6 million weighted average shares outstanding compared to the quarter ended March 31, 2025 where the Company delivered a loss of $0.62 per share on 51.916 million weighted average shares outstanding. This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Wellgistics Health, Inc. Wellgistics Health (NASDAQ:WGRX), is a health information technology leader integrating its proprietary pharmacy dispensing optimization artificial intelligence platform EinsteinRx™ into its blockchain-enabled smart contracts platform PharmacyChain™ to optimize the prescription drug dispensing journey. Its integrated platform connects more than 6,500 pharmacies and 200+ manufacturers, offering wholesale distribution, digital prescription routing, direct-to-patient delivery, and AI-powered hub services such as eligibility verification, onboarding, adherence support, prior authorization, and cash-pay fulfillment designed to improve patient access and transparency across the prescription ecosystem. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expected second quarter 2026 revenue, expected growth of Wellgistics Pharmacy revenue, the anticipated benefits of the Kare Pharmtech joint venture, the anticipated onboarding of patient lives, the targeted August 2026 launch of the Health Lives Here app, the anticipated benefits of the Tollo Health partnership, the Company's plans regarding GLP-1 related opportunities, the integration of PharmacyChain™ functionality with EinsteinRx™, the potential expansion of the Datavault AI PharmacyChain™ license to include Health-as-a-Service capabilities, the expected development of HIPAA-compliant data transfer functionality, and the Company's expectations regarding its business strategy, operating discipline, revenue opportunities and future growth. Forward-looking statements are based on current expectations, estimates, forecasts and projections and are not guarantees of future performance. These statements may be identified by words such as "anticipate," "believe," "expect," "intend," "plan," "target," "may," "will," "would," "could," "should," "seek," "estimate," "project," "potential," "continue" and similar expressions. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied, including, among others: the Company's ability to achieve expected revenue growth; the risk that preliminary second quarter results may differ from actual results following quarter-end close procedures; the Company's ability to successfully integrate Kare Pharmtech, Tollo Health, Datavault AI PharmacyChain™ functionality and other strategic initiatives; the Company's ability to launch the Health Lives Here app on the anticipated timeline or at all; the Company's ability to successfully develop, commercialize and scale EinsteinRx™ and PharmacyChain™-enabled capabilities; regulatory, reimbursement, data privacy, HIPAA, healthcare, FDA, FTC and other compliance risks; risks associated with medical food, dietary supplement, telehealth and AI-enabled healthcare offerings; the Company's ability to maintain and expand manufacturer, pharmacy, patient and strategic partner relationships; competitive conditions in the healthcare technology, pharmacy, telehealth and pharmaceutical distribution markets; the availability of capital; the Company's ability to maintain compliance with Nasdaq listing requirements; and the other risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" sections of the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. The Company undertakes 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. Wellgistics Media & Investor ContactMedia: [email protected] Investor Relations: [email protected] SOURCE: Wellgistics Health, Inc. View the original press release on ACCESS Newswire

This article first appeared on GuruFocus. Release Date: May 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Datavault AI Inc (NASDAQ:DVLT) has signed $800 million in tokenization contracts, tied to approximately $90 million in fees, which are expected to significantly impact 2026 revenue. The company has a strong balance sheet with $250 million in available funding, including $60 million from a recent private placement. Datavault AI Inc (NASDAQ:DVLT) is executing a spin-out of its Acoustic Science Division, which is expected to operate as a standalone entity with significant growth opportunities. The company has partnered with major players like IBM and Houlihan Loki, enhancing its technological capabilities and regulatory compliance. Datavault AI Inc (NASDAQ:DVLT) is positioned at the forefront of Web 3.0 technology, focusing on data monetization, cybersecurity, and digital asset infrastructure. Revenue recognition is heavily weighted towards the second half of the year, indicating potential volatility in financial performance. The company's growth and revenue realization are contingent on the passage of the Clarity Act, which introduces regulatory uncertainty. There is a risk of lumpiness in revenue due to the timing of tokenization contracts and legislative developments. The integration of recent acquisitions, such as NIACS and CyberCatch, may pose operational challenges. The company faces competition in the tokenization market, although it claims a strategic advantage due to its intellectual property. Warning! GuruFocus has detected 3 Warning Signs with DVLT. Is DVLT fairly valued? Test your thesis with our free DCF calculator. Q: How does the NIACS acquisition and the Clarity Act facilitate Datavault AI's operations and integration plans? A: Nathaniel Bradley, CEO, explained that NIACS brings significant intellectual property and technology, particularly NASDAQ Financial rails, which are crucial for their digital asset exchange. The Clarity Act is expected to provide the necessary regulatory framework, allowing Datavault AI to operate compliantly and effectively in the digital asset space. Q: What is the expected impact of the tokenization contracts on Datavault AI's revenue, and how does Sanctum contribute to this? A: Nathaniel Bradley, CEO, stated that the tokenization contracts, valued at $800 million, are expected to generate approximately $90 million in fees. Sanctum plays a critical role by providing a cybersecure base for revenue generation, particularly in quantum token creation and hosting digital twins, which are essential for their strategy. Q: Can you elaborate on the revenue guidance of $200 million for the year and the factors contributing to it? A: Nathaniel Bradley, CEO, confirmed the guidance remains unchanged, with significant contributions expected from both the tokenization contracts and the acoustic division. The Clarity Act's passage is anticipated to unlock further revenue potential, particularly in the tokenomics and exchange sectors. Q: How does Datavault AI plan to handle competition in the tokenization market, and what are its strategic advantages? A: Nathaniel Bradley, CEO, emphasized that Datavault AI's strategic advantages lie in its intellectual property, partnerships with IBM and NASDAQ, and compliance systems. These factors position the company as a leader in the tokenization market, attracting enterprise clients who require regulatory oversight and secure operations. Q: What is the status of the 100-city rollout for the Sanctum platform, and how does CyberCatch integration affect this? A: Nathaniel Bradley, CEO, stated that the integration of CyberCatch enhances their cybersecurity capabilities without delaying the rollout. The collaboration with Available Networks and CyberCatch ensures the Sanctum platform is quantum-ready, supporting their strategy to monetize data securely across multiple cities. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. May 15, 2026 Chief Executive Officer — Nathaniel Bradley Chairman — Brett Moyer Need a quote from a Motley Fool analyst? Email [email protected] Brett Moyer: Thank you, Nate, and thanks, everyone, for joining us today. First of all, I'd like to reiterate that our target revenue of $200 million has not changed. We ended the quarter with a very exciting $800 million in tokenization contracts signed. These contracts are tied to approximately $90 million in fees. As these projects get funded, they will impact 2026 revenue throughout the year. We still expect to recognize at least $200 million in this calendar year. But as we said back in March, this is more heavily weighted to the second half of the year. Our balance sheet is stronger than ever. We funded the closing of API during Q1, but added $60 million from a private placement in early May from large institutional funds, bringing our current working capital to approximately $140 million. Additionally, we announced the execution of a binding term sheet for $120 million in nondilutive financing to accelerate the nationwide rollout of the SanQtum platform. All told, we have over $250 million of available funding this year. Regarding the spin-out that we announced last week, Datavault AI currently operates through 2 primary business divisions, Acoustic Science and Data Science. What is getting spun out later this year is the Acoustic Science division, and we have appointed an exceptional leader to oversee the business. As you may recall, Datavault acquired API Media in January, and David Reese, API's CEO, who came over with that acquisition, will assume leadership of the new company. The business is tentatively expected to operate under the name API Media and trade under the ticker symbol ADIO or AUDIO. This new company will include ADIO, WiSA, Event Citadel, formerly known as CSI and API Media. This is still in the early days, so I do not have a lot of details to share today, notably the specifics on the valuation. But we wanted to take a moment to unpack the 2 businesses and hopefully clarify what each company will look like in the future. The new events, API Media company is a terrific stand-alone entity with significant growth opportunities when combined with Adio, while Datavault AI is a data monetization platform on the cutting edge of Web 3.0. The split will permit leadership to better focus on these 2 businesses. Last item for me before passing it back to Nate, we expect to close a previously announced NYIAX acquisition here in May. NYIAX adds a fifth exchange to the Datavault platform for a total of 9 when you include the 4 that we licensed. On that note, I'll pass the microphone back to Nate. Nathaniel Bradley: Thank you, Brett. Yes. So this is Nate Bradley, and I'm very excited to have this opportunity to not only celebrate our success in Q1, our upcoming dividend spinout of our acoustic division, which now led by David Reese is poised for an unabashed success. They're at Euronomic right now at the PGA Tour and Championship, and it's a big event, and we're making a lot of success in that division. So very pleased to have David as a partner moving forward. He's been a mentor of mine in my career and having him lead API Media is going to be a very, very exciting thing to see coming forward. I would like to take this time to describe to you the solution, our Datavault AI platform a bit further to give all of our shareholders a good understanding of why our company is so well positioned and in a very, very positive position in our market. And that leadership is really defined by our intellectual property. We have a freedom to operate that other companies don't enjoy. We also have market traction and thought leadership really working to our benefit. Data, as you know, is valuable. It's largely underutilized by corporations. It leads to waste in silos. It is unappreciated in its value. It's undetermined how to monetize. Datavault solves all that. Datavault AI has been built to address that head on using AI and blockchain technology. We believe cybersecurity is the central risk facing corporations today, and it's a prerequisite to data monetization, data management, really cybersecurity, a #1 issue facing us all. And with the quantum leap, this has heightened and also accelerated in its urgency. We believe we have a solution that will address this for customers of all types. And our platform has been enabled to value, secure and monetize data. We created index, a system that allows for the indexing, the structuring and the tokenization and the monetization of data. Through our index, we're able to understand data better. We're able to index it on behalf of our clients. And if you want to think of the power of the library at a library, really our index achieves that same purpose. It allows for a CEO or for management authorized to look at a data vault and see data, how it enters the company from every location that it enters, and we allow for the ability to understand its value finitely for the first time. As you walk by a server or you see a cell phone on the table, we very rarely understand the value of the data within those particular devices. And by illuminating that value, we become better stewards of it. So step one is cybersecurity. Step 2 is index. Step 3 is really our ability to see a value. And we created step 4, which is our ability to see a score. And value and score work in tandem to let us understand the value of our data, but also the veracity of it. Can it be trusted? Is it data that is complete and accurate? And when we have complete and accurate data, the value increased the value for actionable intelligence, but the value to the world in our ability to monetize it. So we've built a platform that addresses all of this. Assets come in many different flavors. We know that derivatives were approved in the 1980s. Before derivatives, we had the stock market. We had an individual increase in the number of assets that were under management. We have an increase to derivatives, and now we have an increase to digital. That is enabled by our CLARITY Act and GENIUS Act passage. We are waiting, of course, for this CLARITY Act that just passed through the Senate and will be voted on soon. And that particular piece of legislation enables digital assets. We've created a platform that addresses it in a number of genre-specific exchanges. We have our information data exchange, our International Elements Exchange, our American Political Exchange, our SiX exchange in development with Sports Illustrated, all of those exchanges designed to index value and score data so that it may be tokenized and managed and ultimately monetized. We have 3 core revenue streams that derive from our operation of Datavault AI. We have the ability to license our technology. We've done so into large markets, we've identified that we simply don't have the bandwidth to manage every single detail, and we've given a license to third parties that will use our technology to develop high-margin revenue for us and develop the use cases for our technology that can be replicated in other licenses. We also have tokenization services, a big driver of value where we're able to tokenize and create smart contracts for our customers that have high utility and very strong efficacy in the ability to create monetization and value for our clients. Our exchange revenue is nirvana for us. It's the focal point. We have more margin and high velocity and value that's created in our exchange. It is passive to our company in its collection. We have the ability to monitor and yield manage and bring our exchange to a very high level. We intend to rival from our operation in Philadelphia that of Wall Street. We have the ability to tokenize and build volume around a number of key use cases, geothermal energy, rare earth, the ability to look at real-world assets, including your own beating heart, the NIL, the name, image and likeness on our Sports Illustrated Exchange, all monetizable assets when you take into account AI, blockchain and Datavault AI technology. We have built a home for our technology in the SanQtum. It's secure infrastructure. It is for data monetization. It is for the use cases of digital twins and highly securitized use case assets that are derived from data. Data is worth the decisions it informs. And when you develop a SanQtum for it, it can live and thrive and serve our clients. It can be AI that is subordinate to our clients' desires and our clients' needs, and it works for us and for our clients. It is subordinate AI in a cybersecure SanQtum. Our SanQtum initiative with available networks is second to none. We're building 100 quantum-ready data centers across the United States. These are redundant mini data centers that rival their rotund competition where individual companies have focused on giant data centers, data centers that take up city blocks and have enormous power consumption and many other failover and cybersecurity risks that are present when you consolidate data centers into one large location. We are disparate. We have a self-healing mesh, a system that is deployed over 100 cities and that will address our customers' needs around cybersecurity primarily and also their ability to use digital twins and our world-class data monetization systems, all of which we have patented, all of which we have invested heavily in to create the quantum-ready infrastructure, the quantum VPN of the future that will be in our control. Our SanQtum has been enhanced with our potential acquisition of CyberCatch. We've announced an acquisition of CyberCatch out of California. They have a robust pipeline, executive leadership with government contracting backgrounds and huge opportunity for Datavault to enhance our cybersecurity footprint and allow for our technology stack to begin with a cybersecurity nest for all of our customers. And when we have that nest in place, when we have our SanQtums in place, we're able to place quantum coins and quantum security into our customers' accounts, and we're able to deliver a system that allows us to not only value score and monetize but deliver actionable intelligence to our customers. Our platform is enhanced with multibillion-dollar partners. clear on the front end for KYC and verification, develops investor trust. It allows our customers to sort who they want to sell their data to, who qualifies to acquire data assets of our customers, and we have the ability to exclude others that are not invited to enjoy the value of our customers' data. So the ability to utilize world-class KYC systems with their international corollaries clear is our choice. We've also been chosen by IBM as a platinum partner. They've invested in us. We've invested in them. We've brought in their team to help enhance our team. And our team out of Atlanta, led by Jeff Jones, our CTO, is building this platform that now includes Finax from Fiserv, a system that allows us to handle banking and transaction and settlements anywhere in the world. We've also acquired NYIAX in the process of finalizing that acquisition now, and that allows us to utilize NASDAQ financial infrastructure and use a system that is riding on the most trusted rails of trading in the world, the NASDAQ. We finally have partnered with Houlihan Lokey. Houlihan Lokey is auditing our smart contracts and industry first. We have an audit, a self-audit of all smart contracts that are minted, that are tokenized and delivered on our exchange. This allows us to again build trust and utilize accounting and legal professionals that put the regulatory compliance above all else, put cybersecurity above all else and allow for a cybersecure and compliant environment for us to launch the world-class exchanges. Datavault AI is positioned for success. What we do is solve for data monetization for our clients across the world, whether it's real-world assets or the use of rare earth or our need to monetize our own name, image and likeness Datavault delivers. We have a system that is patented and our strategic advantage is our people, our services, our technology and our leading position for our customers, which enables their businesses to thrive. We are at the intersection of major trends, artificial intelligence, data monetization, real-world asset tokenization, digital asset infrastructure and cybersecurity underneath it all. This has the combination of events and circumstances that lead our company to the very forefront of Web 3 technology. Our key milestones include our expansion of licensing and tokenization revenue, development of infrastructure and client base that is really impressive and well-known names and entire governments coming to us for solutions. This is a very exciting part of our business, the ability to replicate high-quality customer relationships to develop centers of excellence around that service and to develop people that are there to serve our clients and customers and our shareholders in the development of value and valuable exchanges. We are launching our exchanges in July. We intend to bring forth industry-leading exchanges that change the world for the better and bring our customers into rich systems that enhance their own revenues and enhance their own balance sheets while fortifying ours. Our conversion of our pipeline into realized revenue and transaction is a key focal point, and we've got the partners, the platform and the system to deliver. We've continued to integrate our systems through acquisition and through our acquisition of NYIAX and the NASDAQ Financial Infrastructure, our acquisition of CyberCatch and more cybersecurity for our clients. These are all moves we've made to bring forth the world-leading token exchanges, Datavault AI, the leader in tokenomics. We thank you for your interest in our business. And with that, we'd like to turn it over for Q&A. Operator: [Operator Instructions] Our first question today comes from the line of Jack Vander Aarde with Maxim Group. Jack Vander Aarde: It's quite a loaded morning for earnings call today. It's a popular day. So I did hop on a little bit late. But wow, you covered a lot of ground there. Nate, I think I just want to start with -- I'm not going to talk about the spinout or the planned spinout of the Acoustics business. I think that's a deeper discussion. I think Brett did a good job of covering that. Maybe just in terms of the NYIAX acquisition coming up and the recent positive news with the -- it sounds like positive news with the CLARITY Act kind of making headway yesterday. What -- just remind us, I guess, what is this going to do? Or how does this facilitate bringing NYIAX in-house? And how far along are you with your, I guess, your operational and integration plans already because you've been doing quite a bit of work behind the scenes leading up to this. Nathaniel Bradley: Well, thank you for the question, Jack. It's good to hear your voice. So look, NYIAX has a historic standing in intellectual property. They worked hard and like us, they waited for the regulatory environment to catch up with us. As opposed to FTX and others that Open see and others that kind of rush to the market, you can kind of make the corollary to Napster compared to iTunes. we would be more like iTunes. We wait for the regulatory environment and for the world to provide us the clarity and aptly named CLARITY Act 60 votes away from passage through into law. But this CLARITY law will represent, we believe, the final piece of the architecture that was first kind of turned on by the GENIUS Act. And you could see the passage of the GENIUS Act and the effect that had on our company, allowing us to do me and other services for our clients that, that law enabled. So we've been patient. We're working with our government and watching to see that legal framework reveal itself. We're also heavily studying obviously every word of that, so that we can bring compliant platform to the market. I would also point out, I mentioned on the call, Houlihan Lokey, they're a partner of ours, but we're not naive or rushing out into these individual tokens. Every single token, every single customer deserves a financial regulatory oversight and an approval on their coins that they met with us, and we're going to deliver that through partnerships with legal and accounting professionals every single time. So that's our disposition there. The NYIAX is really about intellectual property and technology. NASDAQ Financial rails that power that exchange are the same that manage the ETFs and stocks and bonds and the products of the NASDAQ. We're simply the new category and in digital assets, you can see our work on the NASDAQ financial framework that we manifest in our exchange. We think it's a major, major advantage against all other exchanges. Jack Vander Aarde: Okay. Great. No, I appreciate the rundown there. And then just because you signed so many tokenization contracts in the first quarter, trying to connect the dots to how NYIAX maybe facilitates or is involved in unlocking that revenue? Let me follow up here with the first quarter revenue, just it looks like CSI was a larger contributor here, but there was -- it was a falloff from the fourth quarter. Obviously, you had some strong licensing revenues come in, in the fourth quarter. What can we expect here with these tokenization contracts that you've signed and also giving you that confidence to reiterate the $200 million full year revenue guidance. How do we see this kind of playing out throughout the year? Is it all these tokenization contracts in addition to API temporarily? And then SanQtum cities, will this provide any revenue? Or is this going to be a CapEx for the near term? Nathaniel Bradley: Okay. So in terms of SanQtum and revenue generation, whole purpose is revenue generation, providing a cybersecure base for the revenue generation, both in quantum token creation. So as we make immutable tokens for our clients, if you're minting gold or silver or copper, you want that coin to last forever, and that includes the quantum leap, whether you think that's 2029 or 2030 or 2031. Whenever that hits, the quantum or Q day will have a devastating effect on tokens that are not quantum key encrypted and have at least a fighting chance at the leap to survive. We are taking that to a degree with our SanQtums. And so it is a revenue generation in the minting and the hosting of digital twins and other things where mayors and others that need to look at their digital twins simply do not want that to be penetrated by cyber threats. And those that would use the digital twin of the city for nefarious use, it requires security. So there is a revenue generation and a revenue enablement from SanQtum that's really central to our strategy. In terms of NYIAX and its effect on our ability to take tokens and convert them into cash, you'll see 3 components of our revenue. You mentioned the first, which is licensing. Licensing, we could have replicated that licensing performance over and over again, but we're very selective about that process. We actually were selected by a biotech company that wants to create their own biotech exchange. Now by licensing our technology, we enabled that, but they're on the same cycle as the rest of our exchanges in terms of waiting for that regulatory CLARITY Act to pass and waiting for the exchange to be legal here in the United States. So that's number one. NYIAX is an international technology. So we have international corollaries. You see our move with economy in Asia. We're making moves in Europe, and we announced previously our work with the SIX exchange, which gives us a European exchange model. And so we're perfecting those relationships and going to launch simultaneously in all 3 locations because we feel that Philadelphia should be the lead in that and our redundant systems with SanQtum that support our exchanges will be on superior infrastructure than that of the New York Stock Exchange or the NASDAQ itself. We have a SanQtum in New York and Philly that we think is second to none in terms of its cybersecurity and its incredible AI capabilities, which we believe will drive a huge opportunity in our exchanges. So SanQtum serves us. It serves our clients. It serves to make revenue and it's a foundational piece of our revenue plan and strategy. NYIAX is the NASDAQ rails -- and when it's blessed by the CLARITY Act, those become the digital asset trading mechanism for the world. And that will rival what NASDAQ does in ETFs and stocks and bonds. They're, in fact, using NYIAX's technology in the tokenomics and their partnerships with other platforms. But our platform is patented. It is targeted on specific assets. And when we tokenize those, we can charge for the tokenization, which is the second form of revenue. So licensing is first, tokens is second and third is monetization or exchange. It is those 3 mechanisms where we generate our revenue. So hopefully, that answered your question a little compound. Jack Vander Aarde: Yes, compound, but it's a compound story. So no, that's helpful. And I guess what I'm looking for here is there's going to be lumpiness, I guess, at this early stage, right, as you're signing things and you're building out the pipes, you're bringing in NYIAX. There's some legislative stuff that needs to happen as well. But how do we get to -- it was obviously a softer quarter compared to the fourth quarter. What -- do we expect revenue to start picking up in the second quarter from any of these arrangements? Or is it -- is it going to be lumpy and it's a matter of timing? Just trying to understand so we can set expectations correctly. Nathaniel Bradley: Sure. And Jack, in terms of your comment that the quarter is soft. In terms of first quarter, we -- I don't control revenue rec, but I do control the velocity of the company. So it is our most productive quarter to date, and we'll have productive quarters over and over. But the idea that really waiting for the CLARITY Act to clear some of our tokens in terms of trading them out all the way through that third category of revenue, remember in tokenomics, we're able to tokenize and recognize revenue. So we're already beginning to recognize that revenue in which we produce services where we created quantum coins for our clients that are representative of their RWA, their data and these other categories that we're attacking, including name image likeness with Sports Illustrated in development. Those developments, which we've announced a number of things, are complemented by the Acoustic division that had record revenue that in WiSA has incredible traction. And I've spent a lot of time in the pack developing relationships with companies of the likes of LG and Samsung and others that are incredible opportunities for the WiSA technology, in particular, in areas of robotics and other areas where this technology that was a set-top box technology and a smart TV technology is now applicable in drones androids and this explosive high number marketplace. So I'm very bullish on the Acoustic division and what we've created there. So I think for the very near future, the coming quarters of this year, you have the kind of left and right, the left and right punch from our 2 divisions until we spin out Acoustics under David Reese, which, as I said, he's an incredible person. He sold a company in the multibillions to Liberty Media and has his name on the wall at Penn State in building. So I would just say an incredible opportunity around acoustics should not be underestimated. And then with respect to tokenomics and recognizing revenue, really Phil with the backlog that Brett put very well, you've got almost approaching $1 billion in the services side of the business where we're able to produce coin and create exchange. So the $90 million that's associated to the fees related to that $800 million is an interesting phenomenon in terms of how that is recognized because when you look at it, it comes in the subsequent quarters. So in terms of the lumpiness, I would see this starting to level out in terms of the multibillions in revenues and cascading into the foreseeable 5-year period where we have an optics on taking over large tranches of tokenomic strategy for large entities that are doing this for the long run. And we have the services to kind of maintain a cybersecure token in an exchange that is world-class, second to none, best-in-class for all exchanges, taking on the ICE and NASDAQ itself. Jack Vander Aarde: Excellent. And maybe I could just ask one more question, Nate. This is very helpful. The $750 million-plus tokenization contracts that you signed in the first quarter alone, those are building up here. It sounds like we're going to expect revenue from those this year, almost $100 million from those alone. How is the second quarter and kind of the rest of the year look in terms of -- on your expectations, I suppose. Is this -- are you one of the biggest fish in the tokenization market now? Who are you competing against? Do you feel like there's blue sky for all competing parties? Or can we expect this kind of to ramp at this pace phenomenal? Nathaniel Bradley: Well, the infringing alternatives, the alternatives that infringe our intellectual property rights. are on notice. And with respect to our platform, we've taken the time. We brought in IBM to develop it with us. We're developing technology on the NASDAQ rails with our friends now at NYIAX and the infusion of talent that comes with these acquisitions. CyberCatch has a CEO, Sai, he's a tremendous mind, a good -- great person and someone that understands cybersecurity better than most executives in America. And so I think we've added that with David Reese's kind of preeminence in our executive team. We have people like Sonia Choi and others that have really put their back into this company and taken us to the next level. So when you look at our talent, our team and technology, you asked, are we the big fish in tokenomics. Cloud doesn't really exist in public companies. Business principles preside. And therefore, we are the biggest fish. And we are the ones that are capturing the real enterprise clients because they realize they need a freedom to operate. They need compliance systems and regulatory oversight from Houlihan Lokey and the KYC from CLEAR. And so we've brought in the necessary pieces to qualify for anybody's business, including our federal government, our state government, our beloved United States. We're able to serve these customers and elevate our country. We're able to do that internationally and for corporations all over the world. So we're well positioned. The real players are coming to us because of our patents, because of our preeminence in IP. And therefore, I believe we're not allowed to have competition in some of the areas we operate right now until our patents expire, which is long into the horizon. Jack Vander Aarde: Fantastic. Well, there's a lot of moving parts here that are all ramping. It sounds like a lot to be excited about. Operator: The next question is from the line of Barry Sine with Litchfield Hills Research. Barry Sine: I wanted to ask about the guidance number you gave out. I think you said about $200 million for the year. What does that include? I know you're spinning the Audio division out. You have a number of acquisitions that you're expecting to close this year. And then you gave us a bit of information on tokenization. I think you said about $90 million of revenue. Could you kind of give us a basic tutorial on what to expect for revenue for the rest of this year? Yes. So in terms of the guidance, it's unchanged. I am quite comfortable with our guidance. the rub for me is that I don't want our team or our process to be comfortable. We're pushing on this. The number 90 is what we've achieved so far and not to take away from the month that remains -- the month plus that remains in this quarter. Q2 is quite phenomenal, and it sets us up to achieve our goal. Do I plan on not working in November and December? Of course, not. We have our head down, and we're going to work every day of this year in both divisions. one, to set up the spinout for incredible success, hopefully, right around the turn of the year where we turn into 2 tickers, Adio being reserved and David Reese at the helm of that entity now operating now. That's really an incredible value, but also a big revenue generation when you consider. He's at Euronomic right now, managing a world-class event, managing all the technology, cybersecurity and video delivery on site for the PGA, a trusted and incredible client of ours. so it comes with a lot of deference in our work with these clients that we have earned their trust and their business in acoustics. So I think you see explosive revenue there. It could rival the token side truly. But the token side right now is at the right place at the right time. And I'm focused luckily because David is taking the reins on that entire side of the business. It's about 200 employees and a large focus of our business individuals have been around WiSA and the work we're doing at API Media. When you really start to say the team in Philly and the international kind of team that we're building around the Philadelphia exchanges, this is going to focus on real-world assets. and RWA and rare earth and the NIL exchange, along with the biotech and the others that we have licensed out around imagery and others, where we're able to serve our licensees and serve ourselves in our execution of that plan. And the licensing, the token and the exchange revenue is expected to really unleash with the activation of the CLARITY Act and our ability to start to trade. And we're timing our effort with IBM developers and our development team in Atlanta to hit the mark. Obviously, we'd love to do it July 4, if it's possible, but it's going to be in July, and it has a lot to do with our government getting that June clarity vote across. And we're keenly focused on that. Redundancy is obviously international exchange, and we'll be prepared to launch internationally as well. So we'll let some steam off either way, but we expect the CLARITY Act to pass, and we expect July to be the biggest month in our company's history because of that. Operator: The next question is from the line of Jonathan Davis, a private investor. Unknown Attendee: I have a few questions for Mr. Bradley. First, congratulations on the recent strides made towards the expansion of the company. Given that CyberCatch is currently converting into Mars M technology to attain the quantum resistance you were talking about, is this conversion and the subsequent integration of the Agentic AI penetration testing at each of your nodes is going to cause any recalibration of the 100-city rollout schedule? Nathaniel Bradley: It does not. But integrated in stride. The beauty of bringing on that CyberCatch resource is precisely as you've described. Now there is existing infrastructure in the SanQtum platform around available networks and IBM. We were just out in Houston with a group there describing their kind of master plan. And we're really blessed to be part of that. Daniel Gregory, the CEO of Available Networks. He's responsible for hardening our electric grid here in the United States. He helped Japan when they had a nuclear reactor leak. He's had cybersecurity and high-end energy services that he's personally performed. So the CEO of Available Networks, our partner, along with the CEO of CyberCatch, great guy. And so we've been working together to really put our heads together to say, how do we solve for C for Quantum. And we have a quantum processing unit and other aspects of our build-out that will make these centers not only quantum hardened, but quantum ready. And when you flip the switch on QDA, these will be equivalent to what Verizon has built for 5G quantum. We're Quantum VPN. We're going to monetize that together. And the CyberCatch, they have a large government pipeline of business that they developed on their own. We really like their government contracting shops and their relationships, Mr. Tom Ridge, a former Secretary of our Homeland Security, I believe, the first one. designated by George W. Bush. This is a great man with a great Rolodex and huge throughput of size on that. And when you look at their pipeline, I think it's that quantum hardening and the conversion that they've done that we're so interested in. And it's part of our architecture. The beauty of us just hitting the ground right now is we've got Cyber catch in the brief case. So that's coming to every site, and it's part of our plan and it doesn't slow us down. It actually speeds us up to contract with our customers through some of the existing work that Cybercatch already did to season the pipeline and perform the educational process and some of the longer tail processes around sales, now we're just ready to book and cook. Unknown Attendee: All right. That's very informative. You have stated previously that New York and Philadelphia sites are already both active. So will we be expecting to see revenue income from those sites on second quarter results? And are there additional sites that are going to come online before the end of second quarter? Nathaniel Bradley: So both sites have had a bench test out in Arizona. Sonia Choi and a couple of key people on my side have, including Daniel Gregory from available networks were present in Arizona, where we turned up the first sanction. And to see that happen was a tremendous shot in the arm for our sales team. We're working with the big 4 companies that serve other companies, essentially consulting companies like the likes of PwC, Deloitte & Touche, others that make up the large majority of cybersecurity consulting in our country. We're also looking at cybersecurity insurance companies such as Chubb, Brown & Brown, Lloyds of London. These are -- this is our strategy to sell cybersecurity insurance that includes our hardware and software. And that insurance where we have a very strong throughput for sales there. So that's generally the strategy. Unknown Attendee: There's one more thing I would like to ask very quickly. The retail community has a lot of concerns over whether we are going to be converting -- we have a sizable amount of revenue in accounts receivable currently with Triton and VivSor. And when can we expect these to be converted into actual money on the books? Nathaniel Bradley: Those are -- go ahead, Brett. Sorry. . Brett Moyer: Yes, they are. They've been converting all quarter long so far. And... Nathaniel Bradley: Yes. Just with respect to the sales process going live and filling in New York for our kind of presale of the kind of scheduled July launch of the entire SanQtum strategy that ties into these investments that we've made. You're going to see our ability to leverage in medical, just take medical imagery and medical imaging, the process of tokenizing, really refining, tokenizing and monetizing data from these sources. In some cases, it's advantageous for Datavault AI to own the underlying technologies that are generating data. So we use AI and use our systems and our strategy to look at who and what are the greatest value data in the world? And how is it being produced and who's producing it, and where do we see investment opportunities for data AI, where we take whole hog ownership or a strategic stake in the corporations that are generating the real deal data assets, the data that we saw in our valuation and our scoring system to score through the roof, to score at the highest level to value at the highest levels, and we've invested there, so that we own more of the process, not just our piece, that index is tokenizes and commoditizes. We're also looking, in some cases, to own the generator of the data itself. So that's the strategy. Unknown Attendee: The community is awaiting the future to see some of this growth that you have been advertising, and we are looking forward to seeing the fruits of your labor. Before I close, I'd like to say that the night watch stands forever. Operator: The next question is from the line of Gerald Hannes with Philly. Unknown Analyst: Yes. Should investors expect additional acquisitions? Or is the focus right now on integration and execution? Nathaniel Bradley: We've announced NYIAX and CyberCatch. Those need to occur. But our head is down with respect to our execution now. I displayed that technology stack that we presented today and completing that really with Fiserv and CLEAR and IBM and Houlihan. Those technical pieces that we've acquired and made ready through our work with available networks and SanQtum. We're well positioned to simply put our head down now and operate. In terms of acquisitions, we've announced CyberCatch and that one is important to me just in terms of having the ability to use software advantage for our clients to solve for the quantum leap. So we do have that on the horizon. And of course, the NYIAX finish, I believe there's a little piece to do there still. Unknown Analyst: Should we think that there could be any more future dilution risk right now as well as the company is doing? Do you think... Nathaniel Bradley: No. So in terms of risk related to dilution, there was risk for us in not taking action. And we've taken action to make strategic investments where we needed to make them. I would argue that every move we've made is accretive to our valuation and to our shareholders' ability to kind of hang their hat on this technology stack. With respect to future dilution or our move to make any shares available, it's really something that's sacred to me. It's something that I care a lot about. It's something that I know Brett cares a lot about is the value of our shares. the value that we bring through their scarcity and through their growth and value from our effort, both the bottom line of our company, but also the strategy and approach where we built a runway and a throughput and a very, I would call it, elest view of technology. We had to put the necessary pieces in cybersecurity, fintech and finance and exchange. These are all big investments. So we did issue shares to do that, but it enriched every single share by doing the deals that we did. And we stand by them, but also would point to the fact that the scarcity and the specialness of every single share is something that's on our minds and something we care deeply about. Operator: [Operator Instructions] At this time, I'll turn the floor back to management for any concluding remarks. Nathaniel Bradley: Well, thank you, everyone, for joining us today. We really appreciate it. And certainly working hard to close our second quarter now, and we're going to make you proud. Operator: Thank you. This will conclude today's conference. You may disconnect your lines at this time. We thank you for your participation, and have a wonderful day. Before you buy stock in Datavault AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Datavault AI wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $468,861!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,445,212!* Now, it’s worth noting Stock Advisor’s total average return is 1,013% — a market-crushing outperformance compared to 210% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 15, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Datavault AI (DVLT) Q1 2026 Earnings Transcript was originally published by The Motley Fool