Amesite Announces Quarterly Revenue Increase of 2.4x in 10-Q Filing
May 16 2025 - 6:30AM
Amesite Inc. (NASDAQ: AMST), a leading developer of AI-powered
enterprise solutions, today announced its flagship app NurseMagicTM
generated 2.4x revenue from Q2/2025 to Q3/2025, even as the company
continued to cut operating expenses.
Sarah Berman, Principal Financial and Accounting Officer, said,
“Our revenues are presently evenly distributed between B2B and B2C
sales. Following the launch of NurseMagicTM in Q4/2024, revenues
were stable from Q1/2025 to Q2/2025. However, in Q3/2025, we had a
significant increase of 2.4x in revenue, following execution of
targeted sales and marketing motions and rollouts of product
enhancements. We also further reduced expenses while scaling sales
this past quarter, retaining our strong focus on achieving further
operational efficiencies and managing margins to drive to
profitability.”
Brandon Owens, VP of Sales, said, “We delivered Teams Plus+ to
our B2B customers in direct response to their need for greater
intensity of usage, and expect accelerated business demands for
more services, given the feedback. Our product testimonials are our
best sales assets, and we are closing sales and onboarding teams
within days or weeks, because of the efficiency of our payments and
onboarding workflows."
Madison Bush, Director of Corporate Operations, said, "We saw
user growth of 1340% over Q3, following the launch of paid
subscriptions in Q2. We have expanded our mobile marketing and are
communicating with our users at every step of their journey to
attract and retain them. We are thrilled to see that nurses who are
searching for AI-tools are finding and using NurseMagicTM because
it delivers incredible value.”
Dr. Ann Marie Sastry, CEO and Founder, said, “We are confident
that we can continue to deliver NurseMagicTM at an affordable price
point to both B2C and B2B customers, while maintaining healthy
margins – and look forward to more growth in Q4. Our outstanding
customer feedback validates a strong product-market fit. With our
nimble development process, we feel that we are in very good
position to grow revenue efficiently, while delivering tiered
services that enable us to expand into new segments
opportunistically.”
Amesite is focused on delivering value in large, growing
segments, including the 16,700 Skilled Nursing and Home Health
Care Facilities in the U.S., employing 1.38 million
workers, and 8,514 hospice
organizations employing 407,692 workers. With a total
of 5.2 million RNs and 630,000 LPNs in the
U.S., and demand rising across Senior Living, Skilled Nursing, and
Hospice, Amesite is positioned with solutions that meet real needs.
Recent rollouts include delivering to the growing hospice
segment, meeting HIPAA requirements for all users,
and offering a new, higher-priced tier for B2B users.
About Amesite Inc.
Amesite (NASDAQ: AMST) is an AI-driven company with an immediate
aim to transform the $330 billion home and healthcare segments. Its
flagship product, NurseMagicTM, streamlines documentation for
nurses and caregivers, reducing the time required from 20 minutes
to just 20 seconds. NurseMagicTM is used by over 100 professions to
improve care, enhanced operational efficiency and improved
financial performance. Built on proprietary AI trained on
industry-specific data, NurseMagic meets HIPAA regulations while
improving accuracy and efficiency. The platform serves B2B and B2C
users across 50 states and 21 countries, offering seamless
integration into healthcare workflows and translations to over 50
languages.
Forward-Looking Statements
This communication contains forward-looking statements
(including within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended) concerning the Company, the Company's
planned online machine learning platform, the Company's business
plans, any future commercialization of the Company's online
learning solutions, potential customers, business objectives and
other matters. Forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as "may,"
"will," "should," "would," "expect," "plan," "believe," "intend,"
"look forward," and other similar expressions among others.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties and are
not guarantees of future performance. Actual results could differ
materially from those contained in any forward-looking statement.
Risks facing the Company and its planned platform are set forth in
the Company's filings with the SEC. Except as required by
applicable law, the Company undertakes no obligation to revise or
update any forward-looking statement, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
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