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Brand Engagement Network (BNAI)
NASDAQ:BNAI
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Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-$0.27Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -3.88%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted several strategic moves and financial improvements, such as new leadership appointments, significant partnerships, and a strategic acquisition. While there are concerns related to revenue generation and acquisition challenges, the overall outlook remains positive with strong progress in core verticals and enhanced financial metrics.Company Guidance
During the Q3 2024 earnings call for Brand Engagement Network (BEN), several key metrics and strategic developments were highlighted. CEO Paul Chang announced the impending acquisition of Cantaneo, a Munich-based media technology company, for $19.5 million, comprising $9 million in cash and 4.2 million BEN shares at $2.50 per share. This acquisition aims to expand BEN's reach in the global media technology market, valued at $45 billion, and enhance its conversational AI solutions. CFO Bill Williams reported a 24% reduction in costs compared to the first half of the year, resulting in a $1.5 million or 24% sequential operating profit improvement. Additionally, cash flow from operations improved by 28% sequentially. BEN also secured a $50 million standby equity facility to ensure liquidity and financial flexibility. The company emphasized its strong progress in health care, automotive, and financial services verticals, with significant partnerships such as the integration with Cox Automotive's Dealer.com platform. The call concluded with a vision to continue building market momentum, scaling platforms, and enhancing liquidity for the remainder of 2024 and beyond.New Leadership and Strategic Vision
Paul Chang stepped into the role of CEO, and Walid Khiari will join as CFO and COO, bringing over 20 years of experience in the technology sector. This indicates a strategic vision to strengthen BEN's financial position and expand its global presence.
Significant Partnerships and Integrations
BEN announced a partnership with Cox Automotive to integrate AI assistance into their Dealer.com platform, enhancing dealership operations with interactive customer experiences.
Cantaneo Acquisition
BEN announced the acquisition of Cantaneo for $19.5 million, aiming to expand its reach in the $45 billion global media technology market. Cantaneo's Mydas platform supports over 5,000 users and handles over EUR 5 billion in annual media spending.
Financial Improvements
Quarterly revenue improved compared to Q2, with a 24% reduction in operating costs and a 28% improvement in cash flow from operations compared to the first half of 2024.
Strong Progress in Core Verticals
BEN saw strong progress in the healthcare, automotive, and financial services verticals, including a collaboration with KangarooHealth for enhanced remote patient monitoring.
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BNAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BNAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.72 | $0.80 | +11.11% |
| Aug 14, 2024 | $2.26 | $2.10 | -7.08% |
| May 14, 2024 | $1.42 | $1.05 | -26.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brand Engagement Network (BNAI) report earnings?
Brand Engagement Network (BNAI) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Brand Engagement Network (BNAI) earnings time?
Brand Engagement Network (BNAI) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BNAI EPS forecast?
Currently, no data Available
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