Cloudastructure Inc (NASDAQ:CSAI) stock jumped 18.2% on Thursday after the AI surveillance company unveiled a $5 million share repurchase program, signaling strong confidence in its business outlook amid accelerating sales growth.
The company’s Board of Directors authorized the buyback, allowing Cloudastructure to repurchase shares of its common stock on the open market in accordance with applicable securities laws. The timing and amount of repurchases will depend on factors such as capital needs, market conditions, and stock price levels.
“Backed by a strong balance sheet and record-breaking sales performance—having more than tripled our full-year 2024 signed contract total in just the first nine months of 2025—we believe this program gives us the flexibility to act opportunistically in today’s market environment,” said James McCormick, CEO of Cloudastructure.
The buyback comes as the company experiences rapid expansion of its customer base, reflecting growing demand for its cloud-native security and AI surveillance solutions. Cloudastructure said the move aligns with its long-term growth strategy focused on product innovation, customer acquisition, and operational efficiency.
The company also noted that the repurchase program can be suspended or discontinued at any time, depending on its capital priorities and market conditions.