Wilmington, Del. – September 19, 2026 -- Brand Engagement Network Inc. (Nasdaq: BNAI) has filed a Form 8-K/A with the U.S. Securities and Exchange Commission disclosing audited financials for Cataneo GmbH, the Munich-based advertising infrastructure software provider it acquired on June 30, 2026.
Cataneo's operating cash flow more than doubled to $1.85 million in fiscal 2025
The figure rose from $848,000 in fiscal 2024, according to the audited financial statements included in the filing. Operating income also more than doubled year over year, reaching $726,065 in fiscal 2025 versus $345,725 in fiscal 2024, on revenue of $9.6 million.
Contract liabilities climbed 19% to $4.5 million, pointing to recurring revenue visibility
Total contract liabilities — representing future revenue already billed or collected — grew from $3.8 million at year-end 2024. BEN said it continues to pursue a previously disclosed $900,000 annualized cost-synergy target for the Cataneo integration, with additional headcount-related savings identified since that guidance was first issued.
CEO Tyler Luck says Cataneo converts earnings into cash at a high rate
"This filing gives investors a transparent look at the business we acquired," said Luck. "Cataneo converts its earnings into cash at a high rate, and its growing base of contracted, recurring revenue gives us real visibility into the business going forward." Walid Khiari, BEN's Chief Financial Officer and Chief Operating Officer, said Cataneo's steady operating performance reflects strong product-market fit for its software.
Filing follows joint IBC2026 unveiling of conversational advertising technology in Amsterdam
Earlier this month, BEN and Cataneo jointly announced technology designed to convert traditional commercial breaks into real-time, one-to-one interactions, letting viewers engage directly with AI agents embedded in broadcast and streaming content. Industry researcher Omdia projects global connected TV advertising revenue will grow from $44 billion in 2025 to $81 billion by 2030, a market the companies are positioning their combined technology to address.
Cataneo's MYDAS platform serves more than 1,000 media brands and 200 channels worldwide
The acquisition brings MYDAS — which supports advertising sales, scheduling, traffic, and monetization — into BEN's enterprise AI engagement portfolio. Interim financial data for the three months ended March 31, 2026, included in the 8-K/A, remains unaudited.