Core AI Holdings Reports 58.6% Revenue Growth in FY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2026
0mins
Source: seekingalpha
- Annual Revenue Growth: Core AI Holdings, Inc. reported a fiscal year revenue of $55.2 million, reflecting a robust 58.6% year-over-year increase, indicating successful market demand and product innovation strategies.
- Loss Analysis: The company disclosed a net loss of approximately $24.4 million from discontinued operations of Siyata PTT, primarily due to transaction-related charges, restructuring expenses, financing costs, inventory impairment, and strategic repositioning initiatives, highlighting financial pressures during its transformation.
- Strategic Partnership: Core AI has formed a strategic joint venture with Allianca Group, aiming to enhance market competitiveness through resource sharing and technology integration, thereby expanding its business scope and boosting innovation capabilities.
- Future Outlook: Despite the reported losses, Core AI demonstrates adaptability and long-term growth potential in the rapidly evolving tech market through its partnership with Allianca Group and continued revenue growth.
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About CHAI
Core AI Holdings, Inc., formerly Siyata Mobile Inc., is a global technology company. The Company is an international artificial intelligence (AI) driven mobile games developer and publisher. It creates entertaining games for players worldwide, while enabling other developers to deliver player-focused apps and games to enthusiasts. The Company focuses on building transformative and scalable offerings across multiple verticals. Its AI-driven technology leverages transformer-based pre-trained language models (such as GPT-4) and domain-specific fine-tuned models. Its technology supports multilingual generation. It offers personalized voice cloning services that require only minimal voice samples to generate natural-sounding cloned voices. Its AI-driven technology supports a variety of image transformation and generation styles, including artistic style transfer, anime conversion, and vintage filters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Core AI Holdings Reports 58.6% Revenue Growth in FY
- Annual Revenue Growth: Core AI Holdings, Inc. reported a fiscal year revenue of $55.2 million, reflecting a robust 58.6% year-over-year increase, indicating successful market demand and product innovation strategies.
- Loss Analysis: The company disclosed a net loss of approximately $24.4 million from discontinued operations of Siyata PTT, primarily due to transaction-related charges, restructuring expenses, financing costs, inventory impairment, and strategic repositioning initiatives, highlighting financial pressures during its transformation.
- Strategic Partnership: Core AI has formed a strategic joint venture with Allianca Group, aiming to enhance market competitiveness through resource sharing and technology integration, thereby expanding its business scope and boosting innovation capabilities.
- Future Outlook: Despite the reported losses, Core AI demonstrates adaptability and long-term growth potential in the rapidly evolving tech market through its partnership with Allianca Group and continued revenue growth.
See More
Core AI Forms Strategic Joint Venture with Allianca Group
- Joint Venture Formation: Core AI and Allianca Group announced the formation of a strategic joint venture aimed at advancing the deployment of AI-ready digital infrastructure to support high-performance computing and AI workloads, which is expected to significantly enhance both companies' competitive positioning in the market.
- Stock Price Surge: Following the announcement of the joint venture, Core AI's shares rose by 16.67% to $1.26 in premarket trading, reflecting positive market sentiment and investor confidence in the strategic collaboration.
- Resource Integration Advantage: Core AI will contribute its AI-native infrastructure strategy and capital markets expertise, while Allianca will provide a fully integrated delivery model for over 720 MW of mission-critical data center capacity globally, accelerating the development timeline for AI infrastructure.
- Market Opportunity Identification: The joint venture plans to identify and target high-priority AI infrastructure markets, leveraging factors such as power availability, permitting environments, fiber connectivity, and construction readiness to create near-term deployment opportunities, thereby enhancing overall market responsiveness.
See More
CORE AI Forms Strategic Partnership with TOTO DTS to Expand AI Infrastructure in High-Growth Markets
Strategic Joint Venture: CoreA has entered a strategic joint venture with Toto to enhance infrastructure capabilities.
Focus on High-Growth Markets: The collaboration aims to scale operations across high-growth markets, leveraging both companies' strengths.
See More
SoftBank to Acquire DigitalBridge for $4 Billion, Expanding AI Infrastructure
- Acquisition Deal: SoftBank Group announced its agreement to acquire DigitalBridge Group for approximately $4 billion, aiming to accelerate the expansion of global AI infrastructure by integrating resources, thereby enhancing its competitive position in the rapidly growing AI market.
- Market Reaction: This acquisition is expected to strengthen SoftBank's portfolio in the AI sector, particularly in data center and cloud computing services, further boosting its market share globally.
- Strategic Significance: Through this transaction, SoftBank will not only leverage DigitalBridge's technological advantages but also optimize its AI infrastructure layout worldwide to meet the increasing market demand.
- Future Outlook: This move signifies SoftBank's ongoing commitment to investing in AI, which is anticipated to yield long-term revenue growth opportunities, especially against the backdrop of rising global demand for AI solutions.
See More
Anghami Inc. Reports 97% Year-over-Year Revenue Surge in Latest Earnings
- Revenue Surge: Anghami Inc. reported a remarkable 97% year-over-year revenue increase in its latest earnings, showcasing its strong growth potential in the Arab music streaming market and further solidifying its market position.
- Stock Price Rally: Following the positive earnings report, Anghami Inc.'s stock surged 56% in pre-market trading, reflecting investor optimism about the company's future prospects and potentially attracting more investor interest.
- Enhanced Market Competitiveness: With significant revenue growth, Anghami not only strengthens its competitive edge in the fiercely contested streaming industry but also positions itself for sustainable long-term growth by expanding its user base.
- Strategic Investment Opportunity: The positive performance in this earnings report presents new investment opportunities for potential investors, especially against the backdrop of rising digital content consumption in the Arab region, making Anghami's market outlook increasingly promising.
See More
Core AI Holdings Divests Siyata Mobile to Focus on AI Initiatives
- Strategic Restructuring: Core AI Holdings has completed the divestiture of Siyata Mobile to streamline operations and reallocate capital towards its core artificial intelligence initiatives, thereby better aligning its asset base with corporate strategy.
- Financial Improvement: The divestiture is expected to eliminate approximately $12 million in annual cash burn, significantly reduce losses, and simplify the balance sheet, enhancing the company's financial profile.
- Revenue Potential: Under the agreement, Core AI will receive an initial cash consideration of $100,000, with additional earn-out potential tied to Siyata's performance, which could further enhance future revenue prospects.
- Growth Positioning: Post-divestiture, Core AI is positioned with a leaner cost structure and a clearer growth mandate, enabling aggressive investments in advancing its AI platform and pursuing high-return growth opportunities.
See More
Core AI Holdings Reports 58.6% Revenue Growth in FY
- Annual Revenue Growth: Core AI Holdings, Inc. reported a fiscal year revenue of $55.2 million, reflecting a robust 58.6% year-over-year increase, indicating successful market demand and product innovation strategies.
- Loss Analysis: The company disclosed a net loss of approximately $24.4 million from discontinued operations of Siyata PTT, primarily due to transaction-related charges, restructuring expenses, financing costs, inventory impairment, and strategic repositioning initiatives, highlighting financial pressures during its transformation.
- Strategic Partnership: Core AI has formed a strategic joint venture with Allianca Group, aiming to enhance market competitiveness through resource sharing and technology integration, thereby expanding its business scope and boosting innovation capabilities.
- Future Outlook: Despite the reported losses, Core AI demonstrates adaptability and long-term growth potential in the rapidly evolving tech market through its partnership with Allianca Group and continued revenue growth.
See More
Core AI Forms Strategic Joint Venture with Allianca Group
- Joint Venture Formation: Core AI and Allianca Group announced the formation of a strategic joint venture aimed at advancing the deployment of AI-ready digital infrastructure to support high-performance computing and AI workloads, which is expected to significantly enhance both companies' competitive positioning in the market.
- Stock Price Surge: Following the announcement of the joint venture, Core AI's shares rose by 16.67% to $1.26 in premarket trading, reflecting positive market sentiment and investor confidence in the strategic collaboration.
- Resource Integration Advantage: Core AI will contribute its AI-native infrastructure strategy and capital markets expertise, while Allianca will provide a fully integrated delivery model for over 720 MW of mission-critical data center capacity globally, accelerating the development timeline for AI infrastructure.
- Market Opportunity Identification: The joint venture plans to identify and target high-priority AI infrastructure markets, leveraging factors such as power availability, permitting environments, fiber connectivity, and construction readiness to create near-term deployment opportunities, thereby enhancing overall market responsiveness.
See More
CORE AI Forms Strategic Partnership with TOTO DTS to Expand AI Infrastructure in High-Growth Markets
Strategic Joint Venture: CoreA has entered a strategic joint venture with Toto to enhance infrastructure capabilities.
Focus on High-Growth Markets: The collaboration aims to scale operations across high-growth markets, leveraging both companies' strengths.
See More
SoftBank to Acquire DigitalBridge for $4 Billion, Expanding AI Infrastructure
- Acquisition Deal: SoftBank Group announced its agreement to acquire DigitalBridge Group for approximately $4 billion, aiming to accelerate the expansion of global AI infrastructure by integrating resources, thereby enhancing its competitive position in the rapidly growing AI market.
- Market Reaction: This acquisition is expected to strengthen SoftBank's portfolio in the AI sector, particularly in data center and cloud computing services, further boosting its market share globally.
- Strategic Significance: Through this transaction, SoftBank will not only leverage DigitalBridge's technological advantages but also optimize its AI infrastructure layout worldwide to meet the increasing market demand.
- Future Outlook: This move signifies SoftBank's ongoing commitment to investing in AI, which is anticipated to yield long-term revenue growth opportunities, especially against the backdrop of rising global demand for AI solutions.
See More
Anghami Inc. Reports 97% Year-over-Year Revenue Surge in Latest Earnings
- Revenue Surge: Anghami Inc. reported a remarkable 97% year-over-year revenue increase in its latest earnings, showcasing its strong growth potential in the Arab music streaming market and further solidifying its market position.
- Stock Price Rally: Following the positive earnings report, Anghami Inc.'s stock surged 56% in pre-market trading, reflecting investor optimism about the company's future prospects and potentially attracting more investor interest.
- Enhanced Market Competitiveness: With significant revenue growth, Anghami not only strengthens its competitive edge in the fiercely contested streaming industry but also positions itself for sustainable long-term growth by expanding its user base.
- Strategic Investment Opportunity: The positive performance in this earnings report presents new investment opportunities for potential investors, especially against the backdrop of rising digital content consumption in the Arab region, making Anghami's market outlook increasingly promising.
See More
Core AI Holdings Divests Siyata Mobile to Focus on AI Initiatives
- Strategic Restructuring: Core AI Holdings has completed the divestiture of Siyata Mobile to streamline operations and reallocate capital towards its core artificial intelligence initiatives, thereby better aligning its asset base with corporate strategy.
- Financial Improvement: The divestiture is expected to eliminate approximately $12 million in annual cash burn, significantly reduce losses, and simplify the balance sheet, enhancing the company's financial profile.
- Revenue Potential: Under the agreement, Core AI will receive an initial cash consideration of $100,000, with additional earn-out potential tied to Siyata's performance, which could further enhance future revenue prospects.
- Growth Positioning: Post-divestiture, Core AI is positioned with a leaner cost structure and a clearer growth mandate, enabling aggressive investments in advancing its AI platform and pursuing high-return growth opportunities.
See More
