Brand Engagement Network Inc
NASDAQ:BNAI
Brand Engagement Network Inc
Expense Reduction: BEN reduced operating expenses by over 55%, driving improved financial discipline and flexibility.
Return to Revenue: The company reported $5,000 in Q2 revenue, reflecting early traction after having no revenue in the prior-year period.
Net Income Swing: BEN posted net income of about $900,000 in Q2, compared to a net loss of $3 million last year.
Financial Foundation: The delayed Q2 filing was attributed to foundational improvements, not business weakness.
Pilot Progress: Revenue was generated from a recurring pilot in hospitality; other pilots in healthcare and pharma are moving toward commercial agreements.
Partnership Expansion: BEN announced a global partnership with Swiss Life and continued collaboration with Cataneo despite a terminated acquisition.
