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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>1Q25 revenue reflects AI Nose sales. Ainos reported $106K in 1Q25 revenue, reflecting 412% Y/Y growth from $21K in 1Q24.</li><li>Revenue was primarily driven by AI Nose sales for the elderly care pilot launch with Japanese partner NISD.</li><li>GAAP net loss was $3.3 million, and EPS was ($0.21) for the quarter. Ainos achieved multiple milestones during the period, including AI Nose partnerships with ugo (robotics) and ASE (semiconductors), key regulatory clearances for Veldona clinical trial initiations in HIV- related warts (TFDA) and Sjogren’s syndrome (IRB), the successful installation of AI Nose on a ugo robot, and an additional partnership of AI Nose at the ASE Chung Li site.</li></ul>

1Q25 revenue reflects AI Nose sales. Ainos reported $106K in 1Q25 revenue, reflecting 412% Y/Y growth from $21K in 1Q24.Revenue was primarily driven by AI Nose sales for the elderly care pilot launch with Japanese partner NISD.GAAP net loss was $3.3 million, and EPS was ($0.21) for the quarter. Ainos achieved multiple milestones during the period, including AI Nose partnerships with ugo (robotics) and ASE (semiconductors), key regulatory clearances for Veldona clinical trial initiations in HIV- related warts (TFDA) and Sjogren’s syndrome (IRB), the successful installation of AI Nose on a ugo robot, and an additional partnership of AI Nose at the ASE Chung Li site.

Ainos, Inc: 1Q25 Earnings Update; Building Up AI Nose Revenue

<ul><li>ugo robots installed with AI Nose. Ainos and partner ugo completed the installation of AI Nose on a humanoid service robot, enhancing the functional applications of ugo’s robotics platform with AI-powered smell.</li><li>The collaboration has advanced to the next development phase, which involves software integration before real-world deployment in active environments for AI training.</li><li>Moving to software integration. Ainos expects integration of the backend control system and user interface design will take two to four weeks to complete. </li></ul>

ugo robots installed with AI Nose. Ainos and partner ugo completed the installation of AI Nose on a humanoid service robot, enhancing the functional applications of ugo’s robotics platform with AI-powered smell.The collaboration has advanced to the next development phase, which involves software integration before real-world deployment in active environments for AI training.Moving to software integration. Ainos expects integration of the backend control system and user interface design will take two to four weeks to complete. 

Ainos, Inc: Ugo Robotics Partnership Moving Rapidly with AI Nose Installed

<ul><li>AI Nose for healthcare, industrials, and robotics. Ainos is digitizing smell with AI Nose to capture airborne chemical signatures, using AI-powered processes to immediately classify and identify scents in any environment.</li><li>Initially focused on healthcare, Ainos is developing a women’s health test, Ainos Flora with AI Nose, in addition to an elderly care project with Japanese partners to assist caregivers in monitoring seniors.</li><li>Ainos recently entered partnerships with ugo and ASE, expanding AI Nose development to robotics and industrial applications.</li></ul>

AI Nose for healthcare, industrials, and robotics. Ainos is digitizing smell with AI Nose to capture airborne chemical signatures, using AI-powered processes to immediately classify and identify scents in any environment.Initially focused on healthcare, Ainos is developing a women’s health test, Ainos Flora with AI Nose, in addition to an elderly care project with Japanese partners to assist caregivers in monitoring seniors.Ainos recently entered partnerships with ugo and ASE, expanding AI Nose development to robotics and industrial applications.

AIMD: Deep Dive into AI-Powered Smell in Semi Fabs and Robotics After Recent Partnerships

<ul><li>Broadens AI Nose partnership with leading semiconductor company.</li><li>Ainos entered a strategic collaboration with Advanced Semiconductor Engineering (ASE) to integrate AI Nose into ASE’s semiconductor packaging and testing smart factories.</li><li>AI Nose should further enhance ASE’s fully automated, smart manufacturing facilities with improved air monitoring, AI- predictive maintenance and efficiency, process optimization, and better environmental sustainability. </li></ul>

Broadens AI Nose partnership with leading semiconductor company.Ainos entered a strategic collaboration with Advanced Semiconductor Engineering (ASE) to integrate AI Nose into ASE’s semiconductor packaging and testing smart factories.AI Nose should further enhance ASE’s fully automated, smart manufacturing facilities with improved air monitoring, AI- predictive maintenance and efficiency, process optimization, and better environmental sustainability. 

Ainos, Inc: ASE Collaboration Expands AI Nose Opportunity in Smart Manufacturing

<ul><li>Integrating AI Nose into robots. Ainos entered a strategic partnership with ugo, a leading Japanese robotics company, to integrate AI Nose into service robots, enhancing robotic solutions to improve industrial safety, public security, environmental monitoring, and healthcare support.</li><li>Under the collaboration, the AI Nose technology will be licensed to ugo, with the companies working together to design and validate AI Nose-enabled ugo robots for multiple industries.</li><li>Partners with leading Japanese robotics company. ugo (pronounced “you-go”) develops and commercializes next- generation avatar robots, with conventional and autonomous capabilities.</li></ul>

Integrating AI Nose into robots. Ainos entered a strategic partnership with ugo, a leading Japanese robotics company, to integrate AI Nose into service robots, enhancing robotic solutions to improve industrial safety, public security, environmental monitoring, and healthcare support.Under the collaboration, the AI Nose technology will be licensed to ugo, with the companies working together to design and validate AI Nose-enabled ugo robots for multiple industries.Partners with leading Japanese robotics company. ugo (pronounced “you-go”) develops and commercializes next- generation avatar robots, with conventional and autonomous capabilities.

Ainos, Inc - Partners AI Nose to Give Robots the Ability to Smell

United States

Ainos, Inc. is a diversified healthcare company. The Company engages in the discovery and development of novel biopharmaceuticals, technologically medical treatments, and consumer products, as well as provides treatments of neoplastic, viral, and autoimmune diseases. Ainos operates in the United States and Taiwan.

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Ainos (AIMD US)

Ainos, Inc: 1Q25 Earnings Update; Building Up AI Nose Revenue

1Q25 revenue reflects AI Nose sales. Ainos reported $106K in 1Q25 revenue, reflecting 412% Y/Y growth from $21K in 1Q24.

Water Tower Research

Ainos, Inc: Ugo Robotics Partnership Moving Rapidly with AI Nose Installed

Ainos and partner ugo completed the installation of AI Nose on a humanoid service robot, enhancing the functional applications of ugo’s robotics...

Water Tower Research

AIMD: Deep Dive into AI-Powered Smell in Semi Fabs and Robotics After Recent Partnerships

Ainos recently entered partnerships with ugo and ASE, expanding AI Nose development to robotics and industrial applications.

Water Tower Research

Ainos, Inc: ASE Collaboration Expands AI Nose Opportunity in Smart Manufacturing

Ainos entered a strategic collaboration with Advanced Semiconductor Engineering (ASE) to integrate AI Nose into ASE’s semiconductor packaging and...

Water Tower Research

Ainos, Inc - Partners AI Nose to Give Robots the Ability to Smell

Under the collaboration, the AI Nose technology will be licensed to ugo, with the companies working together to design and validate AI Nose-enabled...

Water Tower Research

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