การประชุมผลประกอบการไตรมาส 2 ปี 2026 ของ DataVault AI (DVLT): ยืนยันเป้าหมายรายได้ 200 ล้านดอลลาร์

ประเด็นสำคัญ

• DataVault AI รายงานรายได้ประจำไตรมาส 2/2026 ที่ 6.7 ล้านดอลลาร์ ซึ่งส่วนใหญ่มาจากธุรกิจอะคูสติก รวมกับรายได้ค่าสิทธิในภาคการแพทย์จากวิทยาการข้อมูล
• ฝ่ายบริหารยังคงยืนยันเป้าหมายรายได้รวมตลอดปี 2026 ที่ 200 ล้านดอลลาร์ โดยบริษัทคาดว่าจะเห็นรายได้เพิ่มขึ้นในไตรมาส 3 ตามด้วยสัดส่วนรายได้ที่เติบโตสูงขึ้นอย่างมีนัยสำคัญในไตรมาส 4
• บริษัทวางแผนที่จะเปิดตัวกระดานแลกเปลี่ยนในช่วงกลางเดือนกันยายน โดยขั้นตอนสำคัญสุดท้ายที่เหลืออยู่คือการเชื่อมต่อระบบกับ Fiserv ให้เสร็จสมบูรณ์
• ฝ่ายบริหารรายงานการลงนามในสัญญาโทเคนไนเซชันซึ่งครอบคลุมการเสนอออกโทเคนมูลค่า 2.5 พันล้านดอลลาร์ ในกลุ่มการทำเหมือง แร่แรร์เอิร์ธ อสังหาริมทรัพย์ การประนีประนอมยอมความทางกฎหมาย ค่าลิขสิทธิ์เพลง และพลังงาน
• DataVault AI คาดว่าจะมีหุ้นที่ชำระแล้วประมาณ 1 พันล้านหุ้น เมื่อสิ้นสุดไตรมาสปัจจุบัน ฝ่ายบริหารกล่าวว่าการเพิ่มขึ้นอย่างรวดเร็วของจำนวนหุ้นในช่วงที่ผ่านมาน่าจะชะลอตัวลง หลังจากกิจกรรมการเข้าซื้อกิจการตามแผนส่วนใหญ่เสร็จสิ้นลง
• ฝ่ายบริหารอ้างถึงความช่วยเหลือด้านสภาพคล่องที่คาดไว้ประมาณ 200 ล้านดอลลาร์ในปี 2026 พร้อมด้วยข้อตกลงแบ่งปันรายได้ที่ไม่ส่งผลกระทบต่อสัดส่วนการถือหุ้นมูลค่า 120 ล้านดอลลาร์ ร่วมกับ Silex เพื่อเป็นเงินทุนด้านโครงสร้างพื้นฐาน

ข้อมูลทางการเงินที่สำคัญ

ฝ่ายบริหารยังได้แยกระบุถึงค่าสิทธิและค่าธรรมเนียมการธนาคาร 160 ล้านดอลลาร์ และค่าธรรมเนียมเทคโนโลยี 61 ล้านดอลลาร์ ขณะที่ระบุว่าค่าธรรมเนียมที่อาจเกิดขึ้นทั้งหมดอยู่ที่ 213 ล้านดอลลาร์ ตัวเลขเหล่านี้ไม่สอดคล้องกันตามหลักคณิตศาสตร์ตามที่นำเสนอในแถลงการณ์

ผลการดำเนินงานและธุรกิจ

DataVault AI ระบุกระแสรายได้หลักสามทางจากวิทยาการข้อมูล ได้แก่ การให้สิทธิในทรัพย์สินทางปัญญา การทำโทเคนไนเซชันและบริการ รวมถึงรายได้จากกระดานแลกเปลี่ยน.

บริษัทกล่าวว่ากระดานแลกเปลี่ยนและเทคโนโลยีพื้นฐานพร้อมใช้งานแล้ว โดยการเชื่อมต่อระบบธนาคารกับ Fiserv เป็นขั้นตอนสำคัญสุดท้ายก่อนการเปิดตัว ทั้งนี้ คาดว่า Fiserv จะเชื่อมต่อบัญชีธนาคารและบัตรเดบิตโดยตรงเข้ากับแพลตฟอร์ม DataVault ฝ่ายบริหารกล่าวว่าการเปิดตัวไม่ได้ขึ้นอยู่กับการผ่านกฎหมาย Clarity Act แม้ว่ากฎหมายดังกล่าวอาจช่วยขยายขอบเขตของสินทรัพย์ดิจิทัลที่รองรับบนกระดานแลกเปลี่ยนก็ตาม

ผ่านทาง Available Networks บริษัท DataVault AI กำลังมีส่วนร่วมในการเปิดตัวเครือข่ายประมวลผลขั้นสูงสำหรับ AI (AI supercompute network) ฝ่ายบริหารกล่าวว่ากำลังการประมวลผลพร้อมใช้งานแล้วในฟิลาเดลเฟีย นิวยอร์ก และวอชิงตัน ดี.ซี. โดยคาดว่าเซิร์ฟเวอร์ทดสอบในแอตแลนตาจะพร้อมใช้งานภายในสิ้นเดือนนี้ และมีสถานที่ก่อสร้างอีกกว่า 30 แห่ง บทบาทของ DataVault AI คือการจัดหาเลเยอร์การทำโทเคนไนเซชันที่ใช้ในการวัดปริมาณและจัดการการใช้พลังประมวลผล

บริษัทกล่าวว่าได้ทำการ มินต์ (mint) เหรียญ Project Questrel จำนวน 1 พันล้านเหรียญแรก และขายเหรียญให้กับบริษัทในการจัดอันดับ Fortune 500 แล้ว ภายใต้ข้อตกลงเอ็กซ์คลูซีฟกับ Available Networks รายได้จากโทเคนจะถูกแบ่งครึ่งอย่างเท่าเทียมกันระหว่างสองฝ่าย ตามที่ฝ่ายบริหารระบุ

นอกจากนี้ DataVault AI ยังได้เปิดเผยโครงการกระดานแลกเปลี่ยนและการให้สิทธิการใช้งานอีกหลายโครงการ ซึ่งรวมถึง Information Data Exchange, International Elements Exchange, กระดานแลกเปลี่ยนโฆษณา และ American Political Exchange สำหรับพันธมิตรด้านการให้สิทธิ ได้แก่ Silex สำหรับกระดานแลกเปลี่ยนเทคโนโลยีชีวภาพ, DataMeds สำหรับการสร้างรายได้จากข้อมูลทางการแพทย์ และ Vivisol สำหรับภาพถ่ายทางการแพทย์และการสแกนควอนตัม

ในส่วนของธุรกิจอะคูสติก ฝ่ายบริหารได้เน้นย้ำถึงพอร์ตโฟลิโอสิทธิบัตรกว่า 100 รายการ ครอบคลุมสองแผนกของบริษัท ในปัจจุบัน DataVault AI ยังไม่มีแผนที่จะแยกธุรกิจระบบเสียงออกไป โดยอ้างถึงการรวมตัวกันที่เพิ่มขึ้นระหว่างอะคูสติกและวิทยาการข้อมูล

แนวทางและการคาดการณ์ของฝ่ายบริหาร

ฝ่ายบริหารยังคงยืนยันเป้าหมายรายได้ 200 ล้านดอลลาร์สำหรับปี 2026 แต่ไม่ได้ให้การคาดการณ์รายไตรมาส ด้าน Brett Moyer ประธานเจ้าหน้าที่ฝ่ายการเงิน (CFO) กล่าวว่า แผนการเปิดตัวกระดานแลกเปลี่ยนในช่วงกลางเดือนกันยายนจะส่งผลให้รายได้ในไตรมาส 3 สูงขึ้น และเติบโตขึ้นอย่าง "มีนัยสำคัญอย่างยิ่ง" ในไตรมาส 4

แนวโน้มรายได้ขึ้นอยู่กับการให้สิทธิ การทำโทเคนไนเซชัน กิจกรรมในกระดานแลกเปลี่ยน และโครงการเพิ่มเติมที่คาดว่าจะประกาศในช่วงครึ่งปีหลัง ทั้งนี้ ฝ่ายบริหารเน้นย้ำว่าการรับรู้รายได้ยังคงต้องผ่านการตรวจสอบบัญชีและการสอบทานจากหน่วยงานกำกับดูแล

DataVault AI ไม่ได้ออกการคาดการณ์อย่างเป็นทางการสำหรับปี 2027 โดยฝ่ายบริหารกล่าวว่าความคิดเห็นก่อนหน้านี้เกี่ยวกับปีหน้าเป็นเพียงเป้าหมายที่คาดหวัง ไม่ใช่การคาดการณ์อย่างเป็นทางการของบริษัท

ความเสี่ยงและประเด็นที่ต้องติดตาม

• การกระจุกตัวของรายได้ในครึ่งปีหลัง: การบรรลุเป้าหมายปี 2026 ขึ้นอยู่กับการเพิ่มขึ้นอย่างก้าวกระโดดของรายได้ในไตรมาส 3 และโดยเฉพาะอย่างยิ่งในไตรมาส 4
• การรับรู้รายได้: ฝ่ายบริหารกล่าวว่าการบัญชีสำหรับโทเคนไนเซชันเป็นเรื่องใหม่สำหรับผู้สอบบัญชีของบริษัทและ SEC ซึ่งสร้างความไม่แน่นอนทางกฎหมาย กฎระเบียบ และกรอบเวลา
• การดำเนินการเปิดตัว: กำหนดการเปิดตัวกระดานแลกเปลี่ยนในช่วงกลางเดือนกันยายนขึ้นอยู่กับการเชื่อมต่อระบบกับ Fiserv ให้เสร็จสมบูรณ์
• เงินทุนสำหรับการเข้าซื้อกิจการ: DataVault AI ได้ลงนามในข้อตกลงเพื่อเข้าซื้อกิจการ CyberCatch ด้วยเงินสดประมาณ 94 ล้านดอลลาร์ โดยตั้งเป้าปิดดีลในไตรมาส 4 ฝ่ายบริหารระบุว่ารายได้จากโทเคน ลูกหนี้ค่าสิทธิ และข้อตกลงทางการเงินอื่น ๆ เป็นแหล่งเงินทุนที่อาจใช้ดำเนินการ
• การเจือจางของหุ้น (Share dilution): บริษัทคาดว่าจะมียอดหุ้นที่ชำระแล้วประมาณ 1 พันล้านหุ้นเมื่อสิ้นสุดไตรมาส แม้ว่าฝ่ายบริหารเชื่อว่าอัตราการออกหุ้นใหม่จะชะลอตัวลงหลังจากนั้น
• การปฏิบัติตามเกณฑ์ Nasdaq: CEO ยอมรับถึงข้อกำหนดที่หุ้นต้องซื้อขายเหนือระดับ 1 ดอลลาร์ และกล่าวว่าบริษัทได้รับข้อยกเว้นเกี่ยวกับส่วนของผู้ถือหุ้นจนถึงเดือนกุมภาพันธ์ ปัจจุบันฝ่ายบริหารยังไม่มีความตั้งใจที่จะรวมหุ้น (reverse stock split)
• กฎระเบียบที่อยู่ระหว่างรอการพิจารณา: ตามที่ฝ่ายบริหารระบุ กฎหมาย Clarity Act ไม่ได้เป็นข้อบังคับสำหรับการเปิดตัวกระดานแลกเปลี่ยนในระยะแรก แต่อาจส่งผลต่อขอบเขตและการจัดระเบียบสินทรัพย์โทเคนที่มีความซับซ้อนมากขึ้น

ไฮไลต์ช่วงถาม-ตอบกับนักวิเคราะห์

กำหนดการเปิดตัวกระดานแลกเปลี่ยน: ฝ่ายบริหารระบุว่าแพลตฟอร์มพร้อมใช้งานแล้ว โดยคาดว่าการเชื่อมต่อระบบกับ Fiserv จะเสร็จสมบูรณ์ในช่วงกลางเดือนกันยายน ทั้งนี้ ฟีเจอร์ของ CyberCatch, BankWise และฟังก์ชันอื่น ๆ คาดว่าจะถูกเพิ่มเข้ามาในแพลตฟอร์มเวอร์ชันถัดไป

กำลังการประมวลผลของ Available Networks: โหนดที่มีอยู่เดิมมีโครงสร้างพื้นฐานเพียงพอสำหรับการเปิดตัวกระดานแลกเปลี่ยนตามแผน ส่วนโหนดเพิ่มเติมมีจุดประสงค์เพื่อขยายกำลังการประมวลผล เพิ่มความใกล้ชิดกับลูกค้า และสนับสนุนโอกาสทางการขายในระดับภูมิภาค

กรอบเวลาของรายได้: ฝ่ายบริหารคาดว่ารายได้จะเพิ่มขึ้นในไตรมาส 3 ตามด้วยการสมทบรายได้ที่ใหญ่ขึ้นมากในไตรมาส 4 โดยกรอบเวลาที่แน่นอนจะขึ้นอยู่กับผลการตรวจสอบบัญชีและการปฏิบัติทางกฎระเบียบต่อรายได้จากการทำโทเคนไนเซชันบางส่วน

การจัดหาเงินทุนสำหรับ CyberCatch: บริษัทอ้างถึงส่วนแบ่งรายได้ 50-50 จาก Project Questrel, ข้อตกลงกับ Silex, ลูกหนี้ค่าสิทธิ และธุรกรรมแร่โลหะเชิงยุทธศาสตร์ เป็นแหล่งเงินทุนหลักที่อาจใช้สำหรับการเข้าซื้อกิจการด้วยเงินสด

Helmex: DataVault AI ได้สนับสนุนเงินทุนบางส่วนสำหรับงวดแรกมูลค่า 25 ล้านดอลลาร์ แล้ว และกำลังหารือว่าเมื่อใดจะสนับสนุนเงินทุนที่เหลืออีก 20 ล้านดอลลาร์ และเริ่มดำเนินการ

ความสัมพันธ์กับ Available Networks: ฝ่ายบริหารอธิบายว่า DataVault AI เป็นพันธมิตรด้านโทเคนไนเซชันแบบเอ็กซ์คลูซีฟของ Available Networks โดยมีโทเคนทำหน้าที่เป็นกลไกในการขายสิทธิ์เข้าถึงเครือข่าย

บันทึกการแถลงผลประกอบการฉบับเต็ม

บทถอดเสียงฉบับเต็มของการประชุมทางโทรศัพท์ผลประกอบการ

คำชี้แจงจากฝ่ายบริหาร

Operator

Greetings and welcome to the DataVault AI second quarter 2026 earnings results. [Operator Instructions] As a reminder, this conference is being recorded. [Operator Instructions] It's now my pleasure to turn the call over to Edward Barger, Vice President, Investor Relations. Please go ahead, sir.

Edward Barger

Thank you, Operator. Good morning, and thank you all for joining us. My name is Ed Barger. I serve as Vice President of Investor Relations. With me today is our Chief Executive Officer, Nathaniel Bradley, and our Chief Financial Officer, Brett Moyer. Before I turn the call over to our CEO, I would like to remind you that this conference call will include forward-looking statements within the meaning of U.S. SEC laws with respect to future operations, financial results, events, trends, and performance, which are based on management's beliefs and assumptions as of today's date.

Forward-looking statements may involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially from those expressed or implied by such statements. Please see DataVault's second quarter press release and SEC filings for information regarding specific risks and uncertainties that could cause actual results to differ. As required by law, DataVault AI undertakes no obligation to update such forward-looking statements.

I will now pass the call over to our CEO, Nathaniel Bradley.

Nathaniel Bradley

Thank you, Ed. Nathan Bradley here. Thank you, everyone, for joining today to go over our Q2 financial results. I'm happy to announce that we are today reiterating our $200 million target revenue for 2026. Brett will go in deeper into the financials, but I'm very excited about the progress that we've made with customers on both sides of our business. I am very confident in this number moving forward. Our DataVault has now created an artificial intelligence platform that lives within the DataVault QPN, our quantum private network. Both divisions, our acoustic science and our data science divisions, will contribute to the $200 million in revenue for the year.

And I'd like to go into how the data sciences division will contribute. We have a special contract with Available Networks. And Available Networks is in the process of building over 100 cities and 1,000 locations. America's first AI supercompute network. This AI supercompute network is quantum ready. It's ready for the quantum leap. It's ready to control, contain, and repel cybersecurity attacks. We have a system that allows for our customers to utilize our data value and data score in a method that allows us to value data the moment it is born at the edge of the Internet. This process has led us to become a key partner of Available Networks.

In fact, we've entered into [ Project Questrel ], a project that allows us to mint a coin for Available Networks, that allows them to meter and control the access to their systems. I believe that this system will generate over $10 billion in revenue at completion. We've already minted the first 1 billion in coins and I'm happy to announce that we've sold coins to a Fortune 500 company. Our DataVault AIP is second to none. It's the number one tokenomic IP stack in the business. It has international KYC capabilities from CLEAR. It has a team of developers from IBM and our own in Atlanta, Georgia, led by our CTO, Jeff Jones.

We have a system that has now incorporated the technology of Fiserv. Fiserv will be fully integrated mid-September at the time in which we intend to launch our networks and our exchanges. We've been doing a comprehensive demo following the call. To access the demo, please go to the press release announcing this call. Our platform will, once exhibited, show you the ability that our customers possess to value, score, and exchange their data assets for cash. We've created a number of very distinct marketed advantages within our platform, including our use of Fiserv for international clearing, CLEAR for KYC, and the NASDAQ financial infrastructure for trading. We've enhanced this platform drastically over the last few days through acquisition.

We've acquired BankWise, a bank that has a Wyoming State Bank Charter as a special purpose depository institution. The bank, upon a regulatory approval of name change, will change its name to DataVault Bank. And we're going to use the tagline Checking, Savings, and Data to represent the mission of the bank, which is to create a third bank account for Americans where they can value, score, and monetize their data assets from one button, extract all the data that we left in our wake in cloud-based systems, at our doctor's offices, and all throughout our lives. We're able to now collect, curate, and manage that data in digital form. We can now score it, value it, and monetize it, and we can do so for our businesses, and for ourselves.

BankWise opens up a number of unique opportunities, but it's infused with human talent. Julie Fellows, the CEO, a very talented entrepreneur who's positioned BankWise at the right place at the right time as digital assets become the key new commodity within businesses. We've also acquired CyberCatch. CyberCatch is a quantum-ready security system that allows for us to deliver for all of our clients the ability to catch and remediate cybersecurity attacks. The CyberCatch system is also infused with talent. Mr. Sai Huda, who took over as CEO and is one of the most talented cybersecurity professionals in our country. He has a system that we've signed definitive agreement to purchase in an all-cash transaction that will close in our fourth quarter.

In the meantime, CyberCatch software will be infused into DataVault. Every DataVault will have a CyberCatch capability, and that capability will allow our clients to keep safe their digital assets and repel cyber attacks from them. We have a number of unique exchanges that we're bringing to the marketplace. These exchanges will offer utilities and systems and investments that have never been seen before. The information data exchange allows our clients to monetize data systematically, scoring it for validity, scoring it for trustability. Having the ability to know the value and score of your data will become the standard.

We have also the International Elements Exchange, focused on RWA and rare earth and strategic minerals, well aligned with our government initiative to create a more sustainable world, create a strategic metal reserve. We have a customer called Patriot Metals, and they are enabling us to participate in a large opportunity around rare earth and strategic metals. As our country creates the American Strategic Metal Reserve, DataVault is a catalyst, a system that allows for increased production and greater access to these metals that are sought after around the world. [ NIACs ], our advertising exchange, and the American Political Exchange will both be launched to provide new opportunities within those marketplaces.

There are many compelling reasons why tokenomics is now and why real assets have become in vogue. There is over $18.9 trillion worth of RWA tokenomics going on right now, and DataVault is going to be a major player in that space, global reference and the platform that makes it happen. I'm also pleased to be able to describe to you a few key transactions in licensing. In addition to those exchanges that we plan to run and own and operate, we've also licensed those in which reach very specific niche markets where we do not operate, but have utility. Silex has licensed our technology for the use of creation of a biotech exchange. DataMeds has licensed the technology for the data monetization within the medical field.

And Vivisol has entered into a special licensing relationship with us where they will monetize medical images and quantum scans, which will become very valuable medical artifacts. The Vivisol opportunity also came with a balance sheet enhancement capability. We swapped 50 million shares of our stock for 50 million shares of Vivisol, and I'm happy to announce that we have now been converted in that Vivisol trade into $100 million, $150 million worth of Phoenix Asia Holdings stock. This will provide a balance sheet enhancement, allowing our company to qualify for Genius Act compliance and allow for our exchanges to freely trade in a compliant way. That balance sheet, as we continue to build it, will allow us to trade more and more upon our exchanges in a compliant fashion.

We've also received a number of foundational patents. We have over 100 in our possession that protect our invention and our products in both divisions. Our acoustics division has had a number of successes in this space. A big shout-out to Josh Paul, who runs our intellectual property department, been exceptional at obtaining new patents for both our WiSA and our audio operations. These patents are now foundational to an industrial standard within the acoustics. We have our acoustic science division driven by intellectual property and capability that is world-renowned. We have an ability to leverage this in the future.

And as we look at the two divisions, they're becoming so tightly connected and so synergistic that we're not compelled to spin out audio at the moment. We're going to keep both divisions working as two divisions working on one mission, which is the value creation for our shareholders. The regulatory tailwinds are at our back. The Genius Act is law. The Clarity Act is pending in our United States Senate with expected passage in September or thereabout. Along that timeline, we will be launching our exchanges. In the middle of September, all exchanges will launch. Our licensed exchanges will become active, and we'll be able to clear a number of backlogged opportunities within our exchange and data sciences division.

We have three core revenue streams in our data sciences division that is IP licensing, tokenization and services, and exchange revenue. At this point, I'd like to turn over the call to Brett Moyer, who will dig deeper into the financial results of our second quarter and set the table for what comes next. Brett.

Brett Moyer

Thank you, Nate. I appreciate the overview and the summary of all the terrific work the team's made in the last 90 days. Today I'd like to go through briefly some traditional financial metrics, but then drill into some key parts of our balance sheet and our business that we get asked a lot of questions about. So, if you look at the Q2 highlights, we'll file the Q tonight. It'll show $6.7 million of revenue, predominantly from the acoustics group, but we did have additional licensing into the medical space with the data science side. Now, during Q2, for those that have tracked us, we did raise $60 million. That was primarily used to fund the initial payment into the Available Networks structure that Nate talked about at the top, right? So the Quest token, which is the foundation of the Quest token opportunity.

We additionally strengthened the balance sheet with two agreements with Silex to both buy the Bitcoin for $50 million and to fund the Available infrastructure network build-out for a rev share later on in the balance sheet, which would be non-dilutive. In addition, we announced this morning, which took a lot of work in Q2 and early Q3, we closed the [ NIACs ] transaction. Again, as Nate mentioned earlier, we've signed definitive agreements with CyberCatch and BankWise, which substantially, although did not show up in our revenue today that we're talking about, dramatically increased our ability for revenue in Q4 and 2027.

Now to go into some greater detail, we've been reporting signed contracts for tokenization business and let's go through what that means. In total, our signed contracts would like to issue $2.5 billion worth of tokens to fund their businesses. That represents $213 million worth of fees. This is as of today. Those fees break out into two components. One is banking and licensing fees. So who raises the money, who does the licensing, that'll be split, either taken entirely by us or split with partners that are doing the investment banking for us, for our issuers. Additionally, there's $61 million of technology fees that go 100% to us, which is for those building models, 100% margin business.

Now, where are we getting the traction? Traction is really broad-based. Traditionally, we talked about the mining and rare earth mineral aspect. That's $1.5 billion. But we've also signed agreements for real estate, and we've signed agreements for tort law for legal settlements, music catalog royalties, and energy, which we've talked about in the past on Triton Global. So in total, we got $2.5 billion worth of demand and signed contracts for funding through tokenization. We've got $160 million for licensing and banking fees and $61 million for technology for a total of $213 million.

For the balance sheet, we expect to end this quarter with about 1 billion shares outstanding. That's at $8.55 currently outstanding. We got $79 million approximately that will go out for [ NIACs ]. And then between BankWise and the financing that we announced this morning, we'll add approximately 45 or 50 million shares into the market. I think what's important about the acquisitions we've done and important for the investors to know, not only did it build out and round out our technology platform that nobody else has, but we also think we've now concluded the majority of acquisition activity. And so going forward, this 1 billion shares and the rapid growth in shares outstanding should abate and we should start driving revenue in the second half of this year and 2027.

Okay, so a lot of questions come in on the next topic in terms of liquidity. How are we financing this growth? Well, we've talked about some of this during the call, but we have about $200 million worth of liquidity coming in this year around support from selling a BTC, receivables that we've previously reported for the licenses to Vivisol and Silex. We have the $120 million rev share deal with Silex for funding the Sanctum which is non-dilutive. And we have the financing that we closed this morning. And with that, we think we can finish funding the Available Networks rollout, we can fund the business and hit this growth phase in revenue that we're all projecting. So with that, I'd like to turn it over to Nate. Thank you, Brett.

Nathaniel Bradley

So just to wrap things up today, I would like to just drive some points home. Our revenue momentum, when you look at our bookings and the demand for our services, we are clearly at the right place at the right time with the right product to execute. We have an infrastructure-first approach at DataVault. We really focused on quantum readiness, cybersecurity, and now the delivery of secure systems that allow for exchange. Our partnership ecosystem is second to none. We have a technology stack that includes multi-billion dollar partners and resources that allow our customers to enjoy the best-in-class digital asset platform.

Our IP moat is, again, a very powerful tool for us to exclude others and to become the sole source of the products that we produce. We have a recognition as the tokenization leader. We are the number one international reference for RWA and for rare earth tokenomics. Our balance sheet strength is one in which we are growing to become Genius Act compliant on our exchanges. We'll continue to grow our balance sheet and produce results for our shareholders and stakeholders alike. Thank you again today for taking the time to learn about our company, and I appreciate you taking a look at our demonstration that's available from the press release that was issued earlier this morning about this call. Thank you very much.

Operator

[Operator Instructions] Our first question today is coming from Barry Sine from Litchfield Hills Research, and the line is now live.

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Barry Sine

Hey, good morning, gentlemen, and congratulations. A lot of moving pieces today. I want to start by asking you about the status of getting the exchanges up and running in terms of where do we stand with software development. I know you have a very strong CTO down in Atlanta. I think, Nate, you said that you were looking to go live around mid-September. I'm not sure if that's contingent on the Clarity Act or if you can use the workaround with Perpetual. If you could just give me an update on getting those exchanges, what still needs to be done.

Nathaniel Bradley

What's already done to get those exchanges up and running. They're great. It's a great part about our position there. And thanks for the question. We have received over $5 million in investment from IBM. They recently tacked on a bit more in terms of their commitment in engineering with us. That team's been at work now for over a year. The process together has yielded platforms that are up and ready. There's one integration that we're completing with Fiserv Corporation, which is a catalyst for the entire launch. That is the ability to connect your debit account or your bank account directly to the DataVault and have seamless interactions between banking and the DataVault.

Aside from that, all systems go. We will version the technology, so things like CyberCatch, BankWise as it comes online, and other tools that we're putting in place inside the DataVault, some of it with the inference layer being drastically improved with an acquisition that we made out of London, a company called [ Ciliary ], that we bought underlying AI technology from and have integrated into the DataVault. So the entire system really is not dependent on the Clarity Act whatsoever. Clarity Act will allow us to expand the amount of digital assets that we're able to put onto our exchanges and it gives us more flexibility and clarity with respect to how to handle complex transactions in token and also manage that from a regulatory standpoint in a compliant modality.

We're very focused on Genius Act compliance. Genius Act actually enables our information data exchange, our NIL exchange. These are unhindered by any of the Clarity Act legislation. Clarity Act is really instrumental around our strategic metals and other properties that are going to be enhanced with the Clarity Act passage. In addition, in terms of our timing, we're focused on a licensing and a tokenization process that's at the upfront first part of our system. These revenues are largely recognized as we license the technology and as we tokenize the assets.

We have a number of deals that are underway with that, and our third quarter will be drastically impacted by that activity with respect to our ability to recognize revenue. So it is really the middle of September that we're looking at having the Fiserv integration completed, at which point we'll do a big announcement around each of the exchanges as we roll out by really sell-side inventories and buy-side relationships that we've worked hard to establish on both sides. Thank you.

Barry Sine

That's really similar. Similar question on the status of the network construction through Available. Are any of the nodes finished now? What's the target for initial capability and completion, and what do you need from them on that network to do what you just talked about in terms of getting the exchanges up and running?

Nathaniel Bradley

Well, again, a good question. So Available is having a great deal of success in their rollout. Their execution has been on time. We have Philadelphia, New York, Washington, D.C., Atlanta, with a testing server that we're able to stage and work on from Atlanta. That element will be in place by the end of the month in Atlanta, but the fully operational network for AI and supercompute is up and running in Philadelphia, New York, D.C. That is expanding on a daily basis. We're in L.A. and over 30 sites are now under construction simultaneously through Available Networks. Our relationship there is one in which Available Networks provide all the funding, manufacturing, and development of the network. They're building out each individual node on behalf of the partnership.

Our role is tokenomic. We have a system where we plug in through API to the Available system to meter and to manage the consumption of compute. The compute is incredible. Petaflops of throughput is available to us already. We have also the relationship with IBM, which is getting us the highest quality hardware in place at these sites. We'll be adding, of course, our CyberCatch software as well to that system, and the process of selling the compute is already underway and we've achieved sales already that we'll be announcing here in the near future.

Barry Sine

And that's really thorough. Just to clarify, it sounds like with the nodes that are already done, you have what you need to go live with the exchanges targeted for completion with Fiserv. It sounds from a network perspective, through Available, you have what you need already to go live and that everything to come is just adding more capacity. Is that correct?

Nathaniel Bradley

That is correct. Adjacency to our customers. So as the sites roll out, municipalities, large Fortune 100s and 500s can access Available's network adjacent to their facilities. So the nearness of our nodes to our customers allows for improved performance and security and other elements that we can bring to the table for our clients. So each rollout of a node will give us a hunting ground in those regions with respect to our highest level clientele. All of these clients are interested in data monetization, digital assets, digital twins, all of those things turn on inside Available. So we have a kind of a feast of revenue generated opportunities around each node that we erect.

At the moment, the Philly and the Philly Prime and New York Backup have installed IBM Watsonx technology. We also have an AI agnostic system there where Anthropic and ChatGPT and others can be installed in these sanctums to provide subordinate AI proprietary. We feel that that is a very strong value proposition and one that's being sought after corporately. So we're focused on that. We are up and ready with our network. Our technology for our exchanges will be incredibly robust and is already up and running. We're making some final additions, as I mentioned, with Fiserv that will drastically enhance the banking architecture of our systems, allow things like debit cards and other things to be managed through our platform.

Barry Sine

Okay, really again, very thorough. Those are my questions. Thank you very much.

Operator

[Operator Instructions] Our next question is coming from [ Alfred Blakely III ] from Money Channel NYC. Your line is now live.

Unknown Attendee

Hey guys, how are you? Great quarter, great technology, really looking forward to everything coming out in September. Most importantly for the investors, I just wanted to see if you could reiterate how they can go see the demonstration of how the DataVault works. So Nate, I think that would really enlighten people to dot-to-dot how this is going to be the best exchange in the world to use for all different types of digital and real-world assets. Can you just let everybody know about the demonstration and encourage them to go see that because it will really push together your demo is unbelievable and it'll put together of what this is all about.

Nathaniel Bradley

Well, thank you. Yes, so there is a demonstration available. If you go to dvlt.ai, you can access it directly from our home page. It's a very prominent link on that page. And getting through our demonstrations, we have two posted today, one about DataVault and another about our acoustic division, giving some clarity with respect to how the technologies work together and the underlying technology capabilities are displayed. So hopefully that will allow people to engage. We obviously from there can take direct appointments for qualified participants to have a deeper dive demo based on their niche or market focus.

Unknown Attendee

Yes, that's great. Thank you so much for that because people need to see to believe, so to speak. And when you see the DataVault and its capabilities and it's live for them, you'll see that the company is extremely undervalued. When you see what you guys have built already, people don't understand that you guys have been building behind the scenes waiting for this launch and doing all that work it's already caught up to the line here. Well, when you launch you'll be all ready, you'll have your [ quirks system doubt ] and you know you guys have been testing this, correct?

Nathaniel Bradley

Well, blockchain and AI systems are ones in which individuals ran out to market because of the incredible breakthrough of these technologies and what the utilities that they represent drive. So I would say to you that, yes, we've been working for years, both patenting and reducing to practice these inventions. The purpose is to unlock the power of data as a cost center and a liability generator that it is today to turn it into the incredible wealth generation that Bloomberg taught us. The ability to monetize data now in every company's bailiwick because of DataVault.

The ability to understand assets, to score them, value them, and exchange them is something that we're well positioned to provide and the reference in the space. So that commitment to quality, and you mentioned waiting, did wait. We've been waiting for regulatory clarity. We're Americans. We're building an American exchange, the first of its kind in digital assets. And we're really excited about the assets that we're going to bring to the marketplace because our customers have been so creative using our platform to create objects of interest and very valuable utilities around our systems. So I appreciate the question.

Unknown Attendee

Thank you very much. This is the exchange that everybody can come to worldwide. This is the exchange that when other people make digital assets, they can bring them to you, correct?

Nathaniel Bradley

That is right. Yes, absolutely. So our customers provide the content, we provide the mechanism. Our mechanism values, scores, allows them to see and experience their data, have data inference layer run by our artificial intelligence platform that is increasing capabilities, including cybersecurity and data monetization. Thank you.

Operator

Thank you. Thank you. Next question is coming from Peter Ruggieri from Craft Capital. Your line is now live.

Peter Ruggieri

Hi, good morning. You guys had a lot going on. I have a question. Where are you coming up with $94.5 million to buy this company you just announced?

Nathaniel Bradley

Thank you for the questions. The announcement was regarding CyberCatch and a $94 million acquisition. The cash is actually, well, four to five-fold in terms of how we get there. We have announced [ Questroles ]. So that coin has already minted a billion dollars in access to the Available Networks. Our deal there is 50-50 with respect to the revenue split. So a billion dollars in coins would generate $500 million in revenue for DataVault. Over time, that is cash with respect to our collections there. That's one source. You can also see the arrangements that we have around $150 million from Silex.

We also have a receivable of about $190 million around our collection of licensing cash. That, coupled with the [ Helmex ] deal that we've announced, where we get further information access to balance sheet enhancement and capital, and a number of other transactions that we've lined up. One that we've announced already called Patriot Strategic Metals. PSM is a well-positioned organization with government contracts and contracting into the Department of Strategic Capital of our United States government. This is related to the acquisition of strategic metals. It ties into our contracts with American Strategic Metals out of Nevada. We have a number of other contracts California, Arizona, and other mines coming online with respect to that program.

That program is cash accretive to our company. We've announced $700 million in that initiative at the first throw. The total first project is $3.2 billion and is related to American Strategic Metals and the use cases around tokenomics for the purpose of real-world asset monetization and rare earth monetization. So those are the primary sources.

Peter Ruggieri

Thank you. Okay. Another question, if you don't mind. So you said after the first quarter call, the majority of revenue is going to hit the second half of the year. So being that we're in the third quarter right now, should we see a very big jump in revenue to hit this $200 million? Is it going to fall more in the third quarter? Or will it hit the fourth quarter? Trying to get an idea of how to gauge it.

Brett Moyer

Listen, Peter, this is Brett. So we did say we're reaffirming guidance for $200 million. We said the exchanges will go live mid-September. So that obviously implies a bump up in Q3, but a very significant bump in Q4.

Nathaniel Bradley

We have a number of projects that you will see us announce in Q3. And, you know, revenue recognition is something that, you know, is obviously subject to audit and to the regulatory overview of the company's book of business. We're getting very good at understanding that tokenomics. It's new to our auditors. It's new to the SEC. It's new in many aspects. And there is the challenge. It's really a legal and regulatory challenge around our token exchanges. And we're being extremely careful to get the proper experts and the proper thumbs up from regulators with respect to these assets and how they are being brought to market.

So we're being very careful with respect to that. We're also being conservative in the way that we are approaching it. The key to our third quarter and fourth quarter revenues will be manifest in a number of announcements you'll see from us this quarter. And this quarter will reveal, even on the acoustic side, I mentioned the standards body approach we're taking there, and we have a number of other unique revenue streams coming from that side of our business on events and others that you'll see that are tied to dates on the calendar and events that we deliver. So there's a very specific revenue recognition process that's been identified around that to ensure that we're able to recognize the—

Peter Ruggieri

$200 million or more this year. Yes, just to go like a couple of quarters back, you made a comment that you do, I believe it was more than $400 million or $500 million in revenue for next year. Are you still comfortable with that?

Brett Moyer

Peter, we have given the guidance for '26. We have not given official guidance for 2027. Nate has his aspirations and that's where we stand. We have full year guidance for this year. We don't have quarterly guidance and when we're ready to announce '27, we will do so. In the meantime, you got an exciting back half of the year coming given all the acquisitions we put together, the balance sheet strengthening that we did. And with that, we're going to give one more person who's patiently sat in the queue for the entire call the opportunity to ask a question and then we gotta sign off.

Operator

Certainly. Our next question is coming from [ Lee Allen ], a private investor. Your line is now live.

Unknown Attendee

Yes, great. Thank you for the information and taking the call. I just, as an individual investor with a, you know, six figures account worth of shares with you guys. I'm just inquiring about the initial email that came out early this year in terms of the delisting threat of the stock language below a dollar and also with respect to Available Networks it's really exciting with you guys have going on with them but are we like the only tenant for them but to use their networks or they other companies working out the same that you guys are with them. So it just will be one of a few people who are using their networks. Thanks.

Nathaniel Bradley

Thank you. So I'll take the last one first just because it's easy. We're exclusive partners available. We have an extremely special position with them in terms of managing the tip of the spear, the way that they sell their product is through our tokens, and those tokens are sold at a 50-50 split. So a very special relationship that's exclusive to us with respect to that work that we're doing around [ Project Questrel ]. I'd also want to address, first of all, the amount of commitment that you've made to the company to have such a large portfolio of our stock. It's quite an honor. And I'd like to point out the institutional buying as our company has focused around creating an incredibly powerful stock for our company, we've also resisted the temptation to reverse split the stock. It's something that, you know, has been talked about quite a bit out there. We will not split our stock and the reason why is that the moment to do that.

We have a number of key investments that we've made that are coming to fruition and our focus is around bringing in the revenues around that. Now, the regulatory environment in which we operate does have the requirement of trading, obviously, above a dollar. We believe we're incredibly undervalued right now, and we want our shareholders to be able to see the results that we are going to present today in our Q filings and the Q and the K that remain for this year will be illustrative of why we've done what we've done. I think it's very important for that result to hit the tape for our public to really understand what we're performing here at DataVault, which is creating a platform in Web3 that provides more and more capabilities.

I think if you look at the shift from retail to institutional investors, you can see that the very learned investors that are part of funds and higher level groups that can endorse our company by buying our stock, we're qualifying for this. Available Networks works with some of the biggest companies in the world. Our technology is foundational to that work. We've been able to get introduced to some of the highest level corporations in America, and we're going to be able to show that by them adopting our technologies and using our technologies to create wealth for their investors, for their companies, and as a result, ours, that those results will speak for themselves. And we're resisting the idea that we need to reverse split our stock to stay up.

We would like for investors to have the opportunity to own our shares wholly, we are going to post our results and get that done. Now, in terms of the timing and requirement, we have an automatic shareholder equity agreement exemption to stay traded on the NASDAQ through February without the need for a reverse split. And so my position as CEO is to not reverse split, but to post results and revenues to hit our guidance for this year and see where we are at the end of this year with respect to our stock price, which I believe will be much, much higher.

Unknown Attendee

Well, thank you so much for that, Nate. I appreciate it. I tell everybody, Nate Bradley is my retirement plan, so I'm counting on you.

Nathaniel Bradley

Man, that means a lot to me, and I won't let you down. I really appreciate that very much.

Operator

Okay, next question. Our final question today is coming in from [ Alan Gornstein ] from J.P. Morgan. Your line is now live.

Unknown Attendee

Hi, I'm just calling as a private investor having nothing to do with the company, and I was hoping to get an update on [ Helmex ].

Brett Moyer

So we have partially funded the $25 million that we owe in the first tranche. We are actively discussing when we fund the remaining $20 million and when we go live. As you know, it's a European firm, sacrosanct in terms of holidays in Europe, as well as we were busy with these three acquisitions. So we'll be actively working on that later this quarter.

Nathaniel Bradley

One exciting aspect of that relationship is the amount of business opportunity and pipeline and introduction. We're looking at that as well.

Operator

Thank you. We've reached the end of our question and answer session. I'd like to turn the floor back over for any further closing comments.

Nathaniel Bradley

Thank you everyone for the interest in our company. Thanks for participating in our quarterly call. We're very excited about our results and look forward to the next steps with everyone. Thank you very much.

Operator

Thank you. That does conclude today's teleconference. You may disconnect your lines at this time and have a wonderful day. We thank you for your participation today.