subslover
4 weeks ago
Amesite Announces Quarterly Revenue Increase of 2.4x in 10-Q Filing
Company Reports Accelerated Growth for both B2C and B2B, with Outstanding Customer Reviews into Q4
DETROIT, May 16, 2025 (GLOBE NEWSWIRE) -- 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
subslover
1 year ago
Beautiful News this morning = Amesite Launches Revolutionary NurseMagic™ App in Beta to Empower 5.2 Million Nurses with AI Tools
New App Marks Amesite’s Entry into B2C AI Mobile Applications Market
DETROIT, April 24, 2024 (GLOBE NEWSWIRE) -- Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, today announced the beta release of NurseMagic™, an innovative and proprietary app designed for nurses. This new web app uses AI to provide helpful and easy-to-use tools for over 5.2 million nurses, making their daily tasks easier and more efficient. Additionally, with its status as a Joint Provider with PACE, also offers convenient, accredited continuing education (CE) programs to nurses on the app, enabling them to meet requirements for licensure.
NurseMagic™ features include:
MedDecode: Quickly translates medical terms into simple language.
Professional Email Generator: Creates practical work emails quickly.
CareTalk: Assists nurses in talking to patients effectively and with compassion.
Wellness Break: Coaches nurses on taking effective breaks during the day.
MedExplainer: Enables nurses to explain medical practices to patients.
Image-to-Text: Converts images to text for easy reading and communication.
MedUverse: Offers key information about medications.
NurseTea: Collects instant feedback through surveys that are shared with the community.
To request an invitation to participate in the NurseMagic™ Beta, nurses can visit this site: https://www.nursemagic.ai/
Sai Nittala, Senior AI Manager at Amesite, emphasizes the collaborative role of AI in healthcare: “AI is a partner in the nursing field, enhancing the valuable human elements of nursing care with powerful technology. NurseMagic™ is developed with the vision that AI supports nurses, allowing them to focus more on patient care and less on routine tasks, thereby enriching their professional practice on a daily basis.”
Dr. Ann Marie Sastry, CEO of Amesite, said, “Launching apps enables us to directly reach much larger audiences. We want to equip every nurse on the planet with tools that deliver immediate, qualified information, and address the demands on their time while leveraging their expertise. We intend to partner in this sector as we provide professional learning right on the app, and plan to have more announcements as we roll out additional features.”
mick
2 years ago
1 <> split history <> https://www.stocksplithistory.com/?symbol=AMST
Amesite (AMST) has 1 split in our Amesite stock split history database.
The split for AMST took place on February 22, 2023.
This was a 1 for 12 reverse split, meaning for each 12 shares of AMST owned pre-split,
the shareholder now owned 1 share. For example, a 1000 share position pre-split, became
a 83.3333333333333 share position following the split.
When a company such as Amesite conducts a reverse share split, it is usually because shares
have fallen to a lower per-share pricepoint than the company would like.
This can be important because, for example, certain types of mutual funds might have a
limit governing which stocks they may buy, based upon per-share price.
The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to
look at per-share price, setting a lower limit for listing eligibility.
So when a company does a reverse split, it is looking mathematically at the market capitalization before
and after the reverse split takes place, and concluding that if the market capitilization remains stable,
the reduced share count should result in a higher price per share.
mick
2 years ago
July 07 2023 - 07:30AM <> Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for education,
GlobeNewswire Inc Share On Facebook
Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for education,
business, and government markets, announces today that Dr. Ann Marie Sastry participated
as a special guest in an ARK Invest Podcast hosted by Cathie Wood of ARK Invest
and Angie Dalton of Signum Growth Capital.
The podcast, titled “How Artificial Intelligence is Powering Education with Dr. Ann Marie Sastry”, can be found here: https://ark-invest.com/podcast/how-artificial-intelligence-is-powering-education/
During this episode, Dr. Sastry, Ms. Wood and Ms. Dalton dove into the intersection of artificial intelligence (AI) and education.
They discussed the importance of engagement in education, the role of technology and generative AI,
and the need to inspire learners in new ways.
Dr. Sastry shared her experience in selling products into a dramatically new and accepting market, and
her passion for delivering education using technology to inspire learners.
The conversation covered personalized teaching and how AI can help people leverage their strengths, the shift in gaming towards creator platforms,
and the need for education to compete with other forms of entertainment.
The speakers also shared personal experiences with technology-integrated education
and the importance of social media in engaging younger generations.
Key Points from This Episode include:
Bridging education and AI for innovative approaches to future learning.
Shifting from education as a sorting function to cultivating individual talents.
Education through innovation offers socioeconomically disadvantaged students life-changing opportunities.
The Innovation Foundation’s age-appropriate research curriculum in Pinellas County offers personalized, innovative education, fostering a mindset change in students, and preparing them for future jobs.
AI personalizes education, recognizing individual strengths in students, aiding teachers, and promoting creativity.
AI integration enhances learning by providing relevant, contextual information and promoting user-friendly, innovative learning experiences.
Integrating AI and social media into education encourages engagement, creativity, and economic relevance.
In the podcast, Dr. Sastry also described Amesite’s customers, who are embracing innovation.
She also explains the difference in approach between Amesite and aggregators like Coursera,
EdX and Udacity,
saying “individual institutions need to have a brand identity and be able to leverage this technology
so they can serve their users and learners.”
About For Your Innovation Podcast
The For Your Innovation Podcast offers an intellectual discussion on technologically enabled disruption because investing innovation starts with understanding it. To learn more, visit arkinvest.com.
ARK Invest is a registered investment advisor focused on investing in disruptive innovation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. It does not constitute, either explicitly or implicitly, any provision of services or products by ARK. All statements made regarding companies or securities are strictly beliefs and points of view held by ARK or podcast guests and are not endorsements or recommendations by ARK to buy, sell, or hold any security. Clients of ARK Investment Management may maintain positions in the securities discussed in this podcast.
About Amesite Inc.
Amesite delivers its scalable, customizable, white-labeled online learning platform to universities, businesses, museums, and government agencies, enabling them to deliver outstanding digital learning. Amesite provides a single system that combines eCommerce, instruction, engagement, analytics, and administration using best-in-class infrastructure to serve multi-billion-dollar online learning markets. For more information, visit www.amesite.io.
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.
Investor Relations Contact:
Christine Petraglia
TraDigital IR
(917) 633-8980
christine@tradigitalir.com
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