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CYCU

CycurionF
Nasdaq / Commercial & Professional Services
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2026-08-06
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Earnings documents stored for CYCU.

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Investor releaseQuarter not tagged2026-08-06

Alarm.com Holdings (ALRM) Q2 Earnings and Revenues Top Estimates

Zacks
Alarm.com Holdings (ALRM) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +18.46%. A quarter ago, it was expected that this security service company would post earnings of $0.6 per share when it actually produced earnings of $0.65, delivering a surprise of +8.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Alarm.com, which belongs to the Zacks Security and Safety Services industry, posted revenues of $277.73 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago revenues of $254.31 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alarm.com shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 12.8%. While Alarm.com has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Alarm.com was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 R…Read full document

Alarm.com Holdings (ALRM) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +18.46%. A quarter ago, it was expected that this security service company would post earnings of $0.6 per share when it actually produced earnings of $0.65, delivering a surprise of +8.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Alarm.com, which belongs to the Zacks Security and Safety Services industry, posted revenues of $277.73 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago revenues of $254.31 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alarm.com shares have added about 11.1% since the beginning of the year versus the S&P 500's gain of 12.8%. While Alarm.com has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Alarm.com was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $265.63 million in revenues for the coming quarter and $2.82 on $1.07 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Security and Safety Services is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Cycurion, Inc. (CYCU), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.56 per share in its upcoming report, which represents a year-over-year change of +87.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Cycurion, Inc.'s revenues are expected to be $3.62 million, down 6.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alarm.com Holdings, Inc. (ALRM) : Free Stock Analysis Report Cycurion, Inc. (CYCU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-05-14

Cycurion Reports First Quarter 2026 Results

GlobeNewswire
Delivers 900 Basis Point Gross Margin Expansion, Net Loss Cut 51% and $21 to $22 Million Annual Revenue Visibility Turnaround Momentum MCLEAN, Va., May 14, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) ("Cycurion" or the "Company"), a leader in AI-driven cybersecurity and national security solutions with trusted relationships across the U.S. Government, numerous leading corporations, and high-profile individuals across all industries, announced today results for the first quarter ended March 31, 2026. "The first quarter of 2026 marks a clear inflection point in our transformation," said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. "We nearly doubled gross margins, significantly reduced operating expenses and executed binding agreements to acquire Halo Privacy and HavenX, which adds approximately $7 million in annualized contracted revenues at approximately 55% gross margin once the deal closes. Combined with our existing contracted backlog, which we expect to deliver approximately $15 million to $17 million in annual revenue, the addition of Halo Privacy and HavenX will increase our contracted backlog we estimate to convert to revenue in a one year period to approximately $21 million to $22 million. We are executing with discipline - exiting lower margin legacy work, reducing costs and reinvesting in our AI-driven platforms. I am confident in our path to profitability and long-term shareholder value." Highlights of First Quarter 2026 as Compared to Fourth Quarter 2025 Revenue of $3.3 million, which reflects the planned wind-down of certain legacy contracts ahead of the ramp of higher-margin replacement work. Gross margin expanded 900 basis points to 21.1% from 12.1%, nearly doubling as a result of a deliberate shift to higher-margin contracts and disciplined cost management. Selling, general and administrative expenses decreased $1.3 million, or 31.6%, to $2.7 million. Net loss improved 51.5% to $2.6 million from $5.3 million. EBITDA loss improved 60.2% to $1.9 million from $4.9 million. Strategic and Operational Momentum Halo Privacy and HavenX Acquisition (Binding Agreement May 2026): Adds approximately $7 million in estimated annualized contracted revenue with a gross margin of approximately 55%. Brings industry-leading secure communications technology (including the Halo Link app) and elite digital investigations/attribution ca…Read full document

Delivers 900 Basis Point Gross Margin Expansion, Net Loss Cut 51% and $21 to $22 Million Annual Revenue Visibility Turnaround Momentum MCLEAN, Va., May 14, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) ("Cycurion" or the "Company"), a leader in AI-driven cybersecurity and national security solutions with trusted relationships across the U.S. Government, numerous leading corporations, and high-profile individuals across all industries, announced today results for the first quarter ended March 31, 2026. "The first quarter of 2026 marks a clear inflection point in our transformation," said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. "We nearly doubled gross margins, significantly reduced operating expenses and executed binding agreements to acquire Halo Privacy and HavenX, which adds approximately $7 million in annualized contracted revenues at approximately 55% gross margin once the deal closes. Combined with our existing contracted backlog, which we expect to deliver approximately $15 million to $17 million in annual revenue, the addition of Halo Privacy and HavenX will increase our contracted backlog we estimate to convert to revenue in a one year period to approximately $21 million to $22 million. We are executing with discipline - exiting lower margin legacy work, reducing costs and reinvesting in our AI-driven platforms. I am confident in our path to profitability and long-term shareholder value." Highlights of First Quarter 2026 as Compared to Fourth Quarter 2025 Revenue of $3.3 million, which reflects the planned wind-down of certain legacy contracts ahead of the ramp of higher-margin replacement work. Gross margin expanded 900 basis points to 21.1% from 12.1%, nearly doubling as a result of a deliberate shift to higher-margin contracts and disciplined cost management. Selling, general and administrative expenses decreased $1.3 million, or 31.6%, to $2.7 million. Net loss improved 51.5% to $2.6 million from $5.3 million. EBITDA loss improved 60.2% to $1.9 million from $4.9 million. Strategic and Operational Momentum Halo Privacy and HavenX Acquisition (Binding Agreement May 2026): Adds approximately $7 million in estimated annualized contracted revenue with a gross margin of approximately 55%. Brings industry-leading secure communications technology (including the Halo Link app) and elite digital investigations/attribution capabilities (HavenX), expanding Cycurion's presence in high-growth markets. Robust Contract Backlog: Consistent with prior disclosures, the Company's $112 million contracted backlog is expected to realize approximately $15 million – $17 million over the next twelve months, which the addition of Halo Privacy and HavenX upon closing, this expectation increases to approximately $21 million – $22 million over a one year period. Cost Reduction Initiatives: Organizational realignment on track to generate over $2.2 million in annualized savings, with meaningful benefits already reflected in first quarter of 2026 selling, general and administrative expenses. Acquisition Pipeline: Continued advancement of the revised Memorandum of Understanding to acquire Kustom Entertainment's Legacy Video Solutions segment (expected to add approximately $5.1 million in annual revenue and approximately $8 million in contracted backlog). About Cycurion Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com. About Halo Privacy Halo Privacy, with more than 10 years of expertise, develops cutting-edge, privacy-first secure communication tools engineered for the highest security standards, including the revolutionary Halo Link app. About HavenX HavenX is a leading digital investigations and attribution firm focused on cyber-harassment, defamation tracking, OSINT, IP geolocation, breach intelligence, and high-confidence threat actor identification. Forward-Looking Statements This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion's business. Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction contemplated by the binding agreement, including the likelihood, timing, structure or consummation of the transaction; the anticipated benefits of the transaction; the acceleration of the Company's inorganic growth strategy; the continued execution on the Company's backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company’s ability to fulfill contractual obligations, the outcomes of the Company's investigations, any potential legal proceedings, or the future performance of the Company's stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion's plans and expectations as of any subsequent date. Cycurion Investor Relations: (888) 341-6680 [email protected] Cycurion Media Relations: (888) 341-6680 [email protected]

Investor releaseQuarter not tagged2026-05-08

Century Aluminum (CENX) Lags Q1 Earnings and Revenue Estimates

Zacks
Century Aluminum (CENX) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.62%. A quarter ago, it was expected that this aluminum producer would post earnings of $1.25 per share when it actually produced earnings of $0.02, delivering a surprise of -98.4%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Century, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $649.2 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.46%. This compares to year-ago revenues of $633.9 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Century shares have added about 59.8% since the beginning of the year versus the S&P 500's gain of 7.6%. While Century has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Century was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Za…Read full document

Century Aluminum (CENX) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.62%. A quarter ago, it was expected that this aluminum producer would post earnings of $1.25 per share when it actually produced earnings of $0.02, delivering a surprise of -98.4%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Century, which belongs to the Zacks Metal Products - Procurement and Fabrication industry, posted revenues of $649.2 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.46%. This compares to year-ago revenues of $633.9 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Century shares have added about 59.8% since the beginning of the year versus the S&P 500's gain of 7.6%. While Century has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Century was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.44 on $838.6 million in revenues for the coming quarter and $10.30 on $3.48 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Metal Products - Procurement and Fabrication is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Industrial Products sector, Cycurion, Inc. (CYCU), has yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.83 per share in its upcoming report, which represents a year-over-year change of +95.1%. The consensus EPS estimate for the quarter has been revised 17.7% higher over the last 30 days to the current level. Cycurion, Inc.'s revenues are expected to be $3.52 million, down 9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Century Aluminum Company (CENX) : Free Stock Analysis Report Cycurion, Inc. (CYCU) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Investor releaseQuarter not tagged2026-04-13

Kustom Entertainment, Inc. Reports Significant Financial Improvements for Fiscal Year 2025 and Files Annual Report on Form 10-K

GlobeNewswire
Company Highlights $11.9 Million Improvement in Net Loss, Strategic Divestiture of Non-Core Assets, and Forbes Recognition for TicketSmarter OVERLAND PARK, KS, April 13, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (NASDAQ: KUST) (“Kustom” or the “Company”), a leader in live entertainment and digital ticketing, today announced its financial results for the fiscal year ended December 31, 2025. The Company also confirmed the filing of its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission (SEC). 2025 marked a transformative year for Kustom, characterized by a sharp reduction in net losses, the successful divestiture of non-core business segments, and a concentrated strategic pivot toward the $100 billion global live entertainment market. Financial Highlights for Fiscal Year 2025 Revenue Growth: Total revenues from continuing operations rose to approximately $13,755,000, an increase of $235,000 year-over-year. Operating Efficiency: Selling, General, and Administrative (SG&A) expenses improved by $2,275,000 year-over-year to approximately $12,230,000 in 2025. This improvement was achieved despite a one-time, non-cash charge of $2,535,000 for goodwill and intangible asset impairment during 2025. Non-Operating Income: Non-operating income increased by $11,440,000 year over year. This was driven primarily by a $4,575,000 improvement in the fair value of warrant derivative liabilities and a $2,715,000 reduction in interest expense. Bottom Line Improvement: Net loss from continuing operations improved by approximately $11,945,000 to $5,955,000 compared to $17,900,000 for the prior fiscal year. Balance sheet: Total stockholders’ equity increased $11.4 million and net working capital position improved by $17.9 million year over year. Strategic Pivot & Asset Divestitures Kustom is successfully executing its strategy to exit legacy business lines to focus exclusively on entertainment and proprietary ticketing. The Company recently changed its name to Kustom Entertainment, Inc. further emphasizing its new strategy and focus. Revenue Cycle Management (RCM): The Company closed the sale of its medical billing RCM business effective January 1, 2026. This segment accounted for losses of $1,405,000 in 2025 and $3,820,000 in 2024. Legacy Video Solutions: Kustom has entered into a non-binding Memorandum of Understanding (MOU) to sell its legacy vid…Read full document

Company Highlights $11.9 Million Improvement in Net Loss, Strategic Divestiture of Non-Core Assets, and Forbes Recognition for TicketSmarter OVERLAND PARK, KS, April 13, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (NASDAQ: KUST) (“Kustom” or the “Company”), a leader in live entertainment and digital ticketing, today announced its financial results for the fiscal year ended December 31, 2025. The Company also confirmed the filing of its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission (SEC). 2025 marked a transformative year for Kustom, characterized by a sharp reduction in net losses, the successful divestiture of non-core business segments, and a concentrated strategic pivot toward the $100 billion global live entertainment market. Financial Highlights for Fiscal Year 2025 Revenue Growth: Total revenues from continuing operations rose to approximately $13,755,000, an increase of $235,000 year-over-year. Operating Efficiency: Selling, General, and Administrative (SG&A) expenses improved by $2,275,000 year-over-year to approximately $12,230,000 in 2025. This improvement was achieved despite a one-time, non-cash charge of $2,535,000 for goodwill and intangible asset impairment during 2025. Non-Operating Income: Non-operating income increased by $11,440,000 year over year. This was driven primarily by a $4,575,000 improvement in the fair value of warrant derivative liabilities and a $2,715,000 reduction in interest expense. Bottom Line Improvement: Net loss from continuing operations improved by approximately $11,945,000 to $5,955,000 compared to $17,900,000 for the prior fiscal year. Balance sheet: Total stockholders’ equity increased $11.4 million and net working capital position improved by $17.9 million year over year. Strategic Pivot & Asset Divestitures Kustom is successfully executing its strategy to exit legacy business lines to focus exclusively on entertainment and proprietary ticketing. The Company recently changed its name to Kustom Entertainment, Inc. further emphasizing its new strategy and focus. Revenue Cycle Management (RCM): The Company closed the sale of its medical billing RCM business effective January 1, 2026. This segment accounted for losses of $1,405,000 in 2025 and $3,820,000 in 2024. Legacy Video Solutions: Kustom has entered into a non-binding Memorandum of Understanding (MOU) to sell its legacy video solutions division to Cycurion, Inc. (NASDAQ: CYCU). If finalized, the transaction is expected to be valued between $6.0 million and $8.5 million, further streamlining Kustom’s balance sheet. Forbes Recognition for TicketSmarter On February 6, 2026, Forbes Advisor named TicketSmarter a "Best Resale Site for Tickets." The expert review specifically lauded the platform’s: Pricing Transparency: Clear communication of total costs, including fees, prior to checkout. Buyer Protections: A 100% Ticket Guarantee ensuring valid tickets or full refunds. Seller-Friendly Terms: Commissions as low as 10% for returning sellers. Massive Reach: Listing visibility across thousands of websites via partner networks. “We are honored to receive this recognition from Forbes Advisor, which serves as a powerful validation of our fan-first philosophy,” said Stanton Ross, CEO of Kustom Entertainment. “As we continue our strategic pivot to focus exclusively on live events and proprietary ticketing, recognitions like this underscore the value TicketSmarter provides. We remain committed to providing a secure, transparent, and seamless experience for the 125,000+ events we support across North America.” 2026 Country Stampede Music Festival Lineup Kustom is proud to announce the full lineup for the 2026 Country Stampede Music Festival, celebrating its 30th anniversary on June 25–27, 2026, at the Azura Amphitheater in Bonner Springs, KS. Headliners: Rascal Flatts, Zach Top (2025 CMA New Artist of the Year), and Treaty Oak Revival. Main Stage Support: Scotty McCreery, Wyatt Flores, Tracy Lawrence, Diamond Rio, Jerrod Niemann, Lanie Gardner, Presley & Taylor, and The Wilder Blue. Expanded Experience: The 2026 festival includes a downtown Bonner Springs pre-party, late-night after-parties, and the "Battle of the Bands" finale was in March to determine the opening act for the Main Stage. The battle of the bands winner was Isaac Cole, and he will be opening the festival on the main stage on Thursday June 25th. We also have a Kickoff Party at Hollywood Casino on Wednesday June 24th, and nightly after parties as soon as the main stage ends. “Kustom Entertainment isn’t just another production company. We pour into each community we visit,” said Matt Tholen, Vice President of Operations. “The 2026 lineup shows how we blend strong headliners, solid support, and real opportunities for emerging artists to build a festival that serves everyone involved.” Tickets, camping, and VIP experiences are available now at www.CountryStampede.com. About Kustom Entertainment, Inc. Kustom Entertainment, Inc. is a leader in live event production and ticketing technology, specializing in large-scale music festivals and end-to-end event management. Its flagship event, Country Stampede, is held annually during June at the Azura Amphitheater in Bonner Springs, Kansas. The Company also maintains a legacy segment engaged in video solution technology (in-car and body-worn cameras) for law enforcement and security, currently integrating artificial intelligence to enhance its specialized product lines. For additional information, please visit www.kustoment.com and www.digitalally.com. Forward-Looking Statements Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today’s date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made, and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company’s periodic filings with the U.S. Securities and Exchange Commission, including, without limitation, the risks described in the Company’s 2025 Annual Report on Form 10-K under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information. For Additional Information, Please Contact: Stanton E. Ross, CEO at (913) 456-5878

Investor releaseQuarter not tagged2026-04-01

Cycurion Reports 2025 Financial Results: Streamlining Costs While Investing in Next-Generation Technology Capabilities

GlobeNewswire
MCLEAN, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity and AI-driven solutions, today reports financial results for full year ended December 31, 2025 and provides a corporate update. 2025 – Year of Structural Transformation Recap: Following Cycurion’s public debut in February 2025, the Company navigated a challenging year characterized by curtailed government contract spending and delays in contract starts due to the 2025 federal government shutdown and DOGE efficiency initiatives, while successfully executing a comprehensive recapitalization and strategic repositioning to support long-term scaling Deleveraged Balance Sheet: Reduced net debt by over 70%, ending the year at just under $3 million compared to $10.5 million at year-end 2024 Improved Liquidity: Over $5 million of cash at December 31, 2025 Capital Structure Optimization: Streamlined the preferred capital stack, leaving just over 400,000 convertible shares outstanding Operational Efficiency: Implemented $2.2 million in annualized cost-savings initiatives in early 2026 to align the Company’s cost structure with the current operating environment FY2025 Financial Summary Revenue: $15.1 million in FY2025, compared to $17.8 million in FY2024. Management attributes part of the year-over-year decline to contract timing delays resulting from the 2025 federal government shutdown and associated DOGE efficiency reviews; these headwinds are viewed as transitory. Management views 2025 headwinds as transitory with a positive outlook underpinned by its $112 million contracted backlog with a ~4-year weighted average life. Gross Profit: $1.6 million for FY2025 vs $3.6 million in FY2024. In support of its strategy to shift toward higher-margin recurring revenue, Cycurion increased investments in AI-enhanced technology and its ARx platform during 2025. Cycurion anticipates margin expansion in 2026 driven by a transition toward a higher-margin recurring revenue sales mix. Operating Expenses: $25.0 million, heavily impacted by $16.8 million in non-cash or non-recurring charges $11.9 million in Business Combination expense $3.9 million in Stock-Based Compensation expense ~$1.0 million in one-time SG&A expenses Net Income/(Loss): $(23.7) million in FY 2025, compared to $1.2 million in FY2024 Management Commentary "2025 was a pivota…Read full document

MCLEAN, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity and AI-driven solutions, today reports financial results for full year ended December 31, 2025 and provides a corporate update. 2025 – Year of Structural Transformation Recap: Following Cycurion’s public debut in February 2025, the Company navigated a challenging year characterized by curtailed government contract spending and delays in contract starts due to the 2025 federal government shutdown and DOGE efficiency initiatives, while successfully executing a comprehensive recapitalization and strategic repositioning to support long-term scaling Deleveraged Balance Sheet: Reduced net debt by over 70%, ending the year at just under $3 million compared to $10.5 million at year-end 2024 Improved Liquidity: Over $5 million of cash at December 31, 2025 Capital Structure Optimization: Streamlined the preferred capital stack, leaving just over 400,000 convertible shares outstanding Operational Efficiency: Implemented $2.2 million in annualized cost-savings initiatives in early 2026 to align the Company’s cost structure with the current operating environment FY2025 Financial Summary Revenue: $15.1 million in FY2025, compared to $17.8 million in FY2024. Management attributes part of the year-over-year decline to contract timing delays resulting from the 2025 federal government shutdown and associated DOGE efficiency reviews; these headwinds are viewed as transitory. Management views 2025 headwinds as transitory with a positive outlook underpinned by its $112 million contracted backlog with a ~4-year weighted average life. Gross Profit: $1.6 million for FY2025 vs $3.6 million in FY2024. In support of its strategy to shift toward higher-margin recurring revenue, Cycurion increased investments in AI-enhanced technology and its ARx platform during 2025. Cycurion anticipates margin expansion in 2026 driven by a transition toward a higher-margin recurring revenue sales mix. Operating Expenses: $25.0 million, heavily impacted by $16.8 million in non-cash or non-recurring charges $11.9 million in Business Combination expense $3.9 million in Stock-Based Compensation expense ~$1.0 million in one-time SG&A expenses Net Income/(Loss): $(23.7) million in FY 2025, compared to $1.2 million in FY2024 Management Commentary "2025 was a pivotal year for Cycurion as we became a public company in what was a generationally challenging year in government contracting,” said Kevin Kelly, CEO of Cycurion. “While contending with business headwinds in 2025 — including contract delays stemming from the 2025 federal government shutdown and DOGE efficiency initiatives — we successfully strengthened our balance sheet and enhanced liquidity to better position the Company for its next phase of growth. Earlier this year, we also implemented meaningful cost savings initiatives aimed at streamlining operational expenses. While maintaining cost discipline, we also accelerated targeted investments in AI-based technology to drive higher-margin recurring revenue from managed cybersecurity services and our ARx platform. With the addition of our new Chief Revenue Officer and an expanded sales force, our deal funnel focused on growing our higher-margin recurring revenue managed service and cybersecurity offerings remains robust. We expect to see a pick-up in revenue in the second half of 2026 as we begin to realize incremental revenue from contracts currently within our $112 million backlog going live. We also anticipate continuing to grow backlog as we convert our sales funnel to signed awards along with contribution from our recently announced acquisition expected to close in the second quarter." About Cycurion, Inc. Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com. Forward-Looking Statements This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business. Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the anticipated closing of the offering; the Company’s anticipated use of proceeds from the offering; the acceleration of the Company’s inorganic growth strategy; the continued execution on the Company’s backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date. Cycurion Investor Relations: (888) 341-6680 [email protected] Cycurion Media Relations: (888) 341-6680 [email protected]

Investor releaseQuarter not tagged2025-11-14

Cycurion, Inc. Reports Q3 2025 Results and Strong Momentum Into Q4 2025 with Run-Rate Revenue Climbing to $4.2 Million in Q1 2026

GlobeNewswire
Strategic Investments in People and Technology Drive Sustained Growth, $80M+ Contract Backlog, and Expanding Pipeline MCLEAN, Va., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leader in identity-centric cybersecurity solutions and AI-powered IT infrastructure, today announced its financial results for the third quarter ended September 30, 2025, alongside continued revenue acceleration into the fourth quarter of 2025. Cycurion has strategically invested in high-caliber talent and technology and its strategy is delivering compounding returns with a contract backlog exceeding $80 million, a new data modernization contract for SLG Innovation, Inc. ("SLG") and a forecasted first quarter of 2026 run-rate revenue of $4.2 million. “The third quarter of 2025 marked a pivotal integration phase, where our investments in talent, AI innovation and technology have expanded margins, unlocked over $80 million in contract backlog and set the stage for revenue inflection in the fourth quarter and beyond,” said Kevin Kelly, Cycurion, Inc. CEO and Chairman. “With cash at $3.7 million, a strengthened balance sheet, and partnerships with three Fortune 500 companies that have gained traction, we’re accelerating toward sustainable profitability and leadership in identity-centric cybersecurity. Additionally, we firmly believe our current market capitalization of approximately $9.5 million does not reflect the intrinsic value of our $80 million-plus multi-year contract backlog, growing recurring revenue, strategic government contracts, and the transformative potential of our AI-driven cybersecurity platform.” Full details are available in Cycurion’s Form 10-Q for the quarter ended September 30, 2025, filed today with the U.S. Securities and Exchange Commission. Investments in People and Technology: Front-Loading for Long-Term Profitability Over the past 18 months, including the third quarter of 2025, Cycurion has prioritized strategic hires in executive leadership, federal capture teams, cybersecurity engineers, threat researchers, and go-to-market specialists. These investments, contributing to elevated Operating Expenses of $19.58 million for the first nine months of 2025 (including $11.24 million in non-recurring business combination expenses and $3.09 million in stock-based compensation), have directly fueled a shift toward high…Read full document

Strategic Investments in People and Technology Drive Sustained Growth, $80M+ Contract Backlog, and Expanding Pipeline MCLEAN, Va., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leader in identity-centric cybersecurity solutions and AI-powered IT infrastructure, today announced its financial results for the third quarter ended September 30, 2025, alongside continued revenue acceleration into the fourth quarter of 2025. Cycurion has strategically invested in high-caliber talent and technology and its strategy is delivering compounding returns with a contract backlog exceeding $80 million, a new data modernization contract for SLG Innovation, Inc. ("SLG") and a forecasted first quarter of 2026 run-rate revenue of $4.2 million. “The third quarter of 2025 marked a pivotal integration phase, where our investments in talent, AI innovation and technology have expanded margins, unlocked over $80 million in contract backlog and set the stage for revenue inflection in the fourth quarter and beyond,” said Kevin Kelly, Cycurion, Inc. CEO and Chairman. “With cash at $3.7 million, a strengthened balance sheet, and partnerships with three Fortune 500 companies that have gained traction, we’re accelerating toward sustainable profitability and leadership in identity-centric cybersecurity. Additionally, we firmly believe our current market capitalization of approximately $9.5 million does not reflect the intrinsic value of our $80 million-plus multi-year contract backlog, growing recurring revenue, strategic government contracts, and the transformative potential of our AI-driven cybersecurity platform.” Full details are available in Cycurion’s Form 10-Q for the quarter ended September 30, 2025, filed today with the U.S. Securities and Exchange Commission. Investments in People and Technology: Front-Loading for Long-Term Profitability Over the past 18 months, including the third quarter of 2025, Cycurion has prioritized strategic hires in executive leadership, federal capture teams, cybersecurity engineers, threat researchers, and go-to-market specialists. These investments, contributing to elevated Operating Expenses of $19.58 million for the first nine months of 2025 (including $11.24 million in non-recurring business combination expenses and $3.09 million in stock-based compensation), have directly fueled a shift toward higher-margin government contracts. The result is a robust $80+ million contract backlog, representing multi-year recurring revenue with agencies like Department of Homeland Security, U.S. Department of Defense, and state/local governments, thus demonstrating the Company's IDIQ expansions. Simultaneously, the Company has accelerated research and development into AI-driven identity threat detection, response platforms, and proprietary software (capitalized at $4.42 million as of the end of the third quarter 2025), which the Company is engaging a third party to provide a valuation of our proprietary software. These efforts are now translating into top-line momentum, with gross profit margins expected to expand as utilization scales and integrations mature. Third Quarter 2025 Financial Highlights (Unaudited) Revenue: $3.83 million for third quarter 2025 (down 13.9% YoY from $4.45 million), and $11.59 million for the nine months ended September 30, 2025 (down 15.4% YoY from $13.69 million), reflecting a deliberate pivot to more profitable SLED contracts amid merger-related disruptions. Gross Profit: $0.27 million for the third quarter 2025 (7.1% margin), and $1.18 million for the nine months ended September 30, 2025 (10.2% margin). Net Loss: $3.24 million attributable to Cycurion for the third quarter 2025 ($1.59 loss per basic share); $18.78 million for the nine months ended September 30, 2025 ($14.82 loss per basic share), driven by one-time merger related costs of becoming public and integration costs, partially mitigated by a $1.25 million gain on debt settlements. Balance Sheet Strength: Total assets grew 26.4% to $32.31 million, with cash increasing significantly to $3.65 million (from $0.04 million at year-end 2024). Goodwill expanded 216.2% to $20.84 million due to SLG synergies; stockholders’ equity rose 344.4% to $15.41 million. Cash Flows: Net financing inflow of $10.78 million for the nine months ended September 30, 2025 (capital raises of $5.87 million and warrant exercises of $3.66 million) enabling $8.77 million operating cash outflow, positioning the Company for growth execution. Fourth Quarter 2025 and First Quarter 2026 Momentum: Run-Rate Acceleration Underway Building on Q3’s Foundation, Cycurion’s pipeline is converting rapidly: New SLG Contract: Forecasted to contribute $26,500 in November 2025, scaling to $283,042 monthly by January 2026, which is a 10x increase in just 60 days, bolstering the state, local and education revenue base. Cycurion-Branded Revenue: Kicks off in December 2025 at $12,500, ramping to $58,333 monthly by January 2026, which demonstrates channel and co-sell strategies with high-margin Cyber Shield solutions. Total Forecasted Revenue: Given the factors mentioned above, we expect first quarter 2026 run-rate revenue to be approximately $4.17 million, translating to an annual run rate of approximately $16.66 million. About Cycurion, Inc. Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. More information: www.cycurion.com. Forward-Looking Statements This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business. Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the SEC. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date. Investor Contact Information: Cycurion Investor Relations Email: [email protected] Phone: (888) 341-6680 Media Contact Information: Cycurion Communications Email: [email protected] Phone: (888) 341-6680

Investor releaseQuarter not tagged2025-11-14

IQST - IQSTEL Reports Record Q3 2025 Results: $102.8 Million Quarterly Revenue, 42% Sequential Growth, and Strengthened Balance Sheet

PR Newswire
IQSTEL Reports $12.23 in Assets per Share and $4.66 in Equity per Share, Reinforcing One of the Strongest Balance Sheets Among Emerging Tech Corporations on NASDAQ — Company Plans to Distribute a $500,000 Dividend in Shares by December 31, 2025 NEW YORK, Nov. 14, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a Global Connectivity, AI, and Digital Corporation, today announced its financial results for the third quarter ended September 30, 2025, delivering record revenue growth, solid profitability metrics, and further strengthening its balance sheet as it continues executing its expansion strategy. Q3 2025 Financial Highlights Revenue (Q3 2025): $102.8 million vs. $72.1 million in Q2 2025 (+42% QoQ) and compared to $54.2 million in Q3 2024 (+90% YoY) Revenue (9 months ended Sept 30): $232.6 million vs. $184.3 million in 2024 (+26% YoY) Gross Revenue: $118.5 million (including $15.7 million intercompany revenue, highlighting strong subsidiary synergy) Adjusted EBITDA (Q3 2025): $683,189 (Telecom: $604,514 | Fintech: $78,675) Revenue Run Rate: $411.5 million Adjusted EBITDA Run Rate: $2.73 million Assets: $46.8 million ($12.23 per share) as of September 30, 2025 Stockholders' Equity: $17.8 million ($4.66 per share) as of September 30, 2025 which represent an increase of 50.02% with respect to $11.9 million as of December 31, 2024 Shares Outstanding: 3,832,470 as of September 30, 2025 IQSTEL reaffirms it is on track to achieve its full-year 2025 revenue forecast of $340 million, driven by sustained organic growth across its Telecom, Fintech, Artificial Intelligence (AI), and Cybersecurity divisions. The company maintains a strong balance sheet with no dilutive debt, no convertible notes, and no warrants outstanding. Q3 2025 Strategic Highlights Acquisition of Globetopper (51% Ownership): Strengthens IQSTEL's global footprint and establishes a revenue mix of approximately 80% Telecom and 20% Fintech, enhancing diversification and profitability. Debt-Free Status: IQSTEL confirms it is a dilutive debt-free company, with no convertible notes and no warrants outstanding, providing shareholders with a clean, efficient capital structure. Partnership with Cycurion (NASDAQ: CYCU): IQSTEL and Cycurion agreed to exchange $1 million in shares, forming a sibling-company alliance to develop next-generation AI-driven cybersecurity solutions. Both companies will distribute $…Read full document

IQSTEL Reports $12.23 in Assets per Share and $4.66 in Equity per Share, Reinforcing One of the Strongest Balance Sheets Among Emerging Tech Corporations on NASDAQ — Company Plans to Distribute a $500,000 Dividend in Shares by December 31, 2025 NEW YORK, Nov. 14, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a Global Connectivity, AI, and Digital Corporation, today announced its financial results for the third quarter ended September 30, 2025, delivering record revenue growth, solid profitability metrics, and further strengthening its balance sheet as it continues executing its expansion strategy. Q3 2025 Financial Highlights Revenue (Q3 2025): $102.8 million vs. $72.1 million in Q2 2025 (+42% QoQ) and compared to $54.2 million in Q3 2024 (+90% YoY) Revenue (9 months ended Sept 30): $232.6 million vs. $184.3 million in 2024 (+26% YoY) Gross Revenue: $118.5 million (including $15.7 million intercompany revenue, highlighting strong subsidiary synergy) Adjusted EBITDA (Q3 2025): $683,189 (Telecom: $604,514 | Fintech: $78,675) Revenue Run Rate: $411.5 million Adjusted EBITDA Run Rate: $2.73 million Assets: $46.8 million ($12.23 per share) as of September 30, 2025 Stockholders' Equity: $17.8 million ($4.66 per share) as of September 30, 2025 which represent an increase of 50.02% with respect to $11.9 million as of December 31, 2024 Shares Outstanding: 3,832,470 as of September 30, 2025 IQSTEL reaffirms it is on track to achieve its full-year 2025 revenue forecast of $340 million, driven by sustained organic growth across its Telecom, Fintech, Artificial Intelligence (AI), and Cybersecurity divisions. The company maintains a strong balance sheet with no dilutive debt, no convertible notes, and no warrants outstanding. Q3 2025 Strategic Highlights Acquisition of Globetopper (51% Ownership): Strengthens IQSTEL's global footprint and establishes a revenue mix of approximately 80% Telecom and 20% Fintech, enhancing diversification and profitability. Debt-Free Status: IQSTEL confirms it is a dilutive debt-free company, with no convertible notes and no warrants outstanding, providing shareholders with a clean, efficient capital structure. Partnership with Cycurion (NASDAQ: CYCU): IQSTEL and Cycurion agreed to exchange $1 million in shares, forming a sibling-company alliance to develop next-generation AI-driven cybersecurity solutions. Both companies will distribute $500,000 in shares as dividends to their shareholders before December 31, 2025. Thanks to this strategic partnership, IQSTEL is adding Cybersecurity services to its expanding portfolio, reinforcing its position as a Global Connectivity, AI, and Digital Services Corporation. AI-Powered Call Center Services Launched: IQSTEL successfully launched its AI-driven Call Center Services – www.contactcenter.iqstel.com – powered by its proprietary AI engine IQ2Call.ai, developed internally by the company's AI division. Strategic Vision: Building a Global Connectivity, AI & Digital Services Corporation IQSTEL's long-term strategy is to be recognized as a Global Connectivity, AI, and Digital Services Corporation. With a presence in 21 countries, the company has built a solid business platform, selling hundreds of millions of dollars in services to over 600 of the largest telecom operators around the world. IQSTEL is now leveraging this global business platform to expand into high-tech, high-margin verticals — including Fintech, Artificial Intelligence, and Cybersecurity. The trust, relationships, and infrastructure IQSTEL has built are difficult to replicate, giving the company a powerful competitive advantage to continue scaling profitably. CEO Commentary "Our third quarter results highlight not only our consistent growth but the strength of the company's fundamentals," said Leandro Iglesias, CEO of IQSTEL. "With $12.23 in assets per share and $4.66 in equity per share, IQSTEL is financially stronger than ever. We remain deeply committed to increasing shareholder value through profitable growth, innovation, and disciplined execution." Our business model is proven. Our operating businesses have generated positive adjusted EBITDA and positive net income for several quarters in a row, demonstrating sustained operational profitability. While our rapid expansion required financing that temporarily affected consolidated results, these costs have been amortized in a short period. Having reached critical mass, IQSTEL's bottom line is now beginning to accelerate — and investors should expect this profitability trend to strengthen in the coming quarters. Iglesias added: "After becoming a dilutive debt-free company and achieving record revenue growth, IQSTEL is now in the best business and corporate shape in its history to reach our $15 million EBITDA target in 2026. We are building the foundation for a billion-dollar global corporation — one quarter at a time." Looking Ahead IQSTEL remains fully on track to achieve its 2025 revenue forecast of $340 million and has already announced an organic revenue forecast of $430 million for 2026, representing 26% year-over-year organic growth. With a revenue run rate above $400 million, zero dilutive debt, and a solid equity position, IQSTEL continues its transformation into one of the fastest-growing technology corporations listed on Nasdaq — combining Connectivity, AI, Fintech, and Cybersecurity into one powerful global platform. Thanks to its strong balance sheet, explosive revenue growth, and its strategic position in both the telecommunications and technology markets, IQSTEL could become an attractive acquisition target for larger industry players seeking expansion in high-growth digital and AI-driven sectors. About IQSTEL Inc. IQSTEL Inc. (NASDAQ: IQST) is a Global Connectivity, AI, and Digital Corporation providing advanced solutions across Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting $340 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027. Use of Non-GAAP Financial Measures: The Company uses certain financial calculations such as Adjusted EBITDA, Return on Assets and Return on Equity as factors in the measurement and evaluation of the Company's operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles ("GAAP"), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are "non-GAAP financial measures" as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company's core operating performance and provide greater transparency into the Company's results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company's financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company's GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies. Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Adjusted EBITDA excludes, in addition to non-operational expenses like interest expenses, taxes, depreciation and amortization; items that we believe are not indicative of our operating performance, such as: Change in Fair Value of Derivative Liabilities: These adjustments reflect unrealized gains or losses that are non-operational and subject to market volatility. Loss on Settlement of Debt: This represents non-recurring expenses associated with specific financing activities and does not impact ongoing business operations. Stock-Based Compensation: As a non-cash expense, this adjustment eliminates variability caused by equity-based incentives. The Company believes Adjusted EBITDA offers a clearer view of the cash-generating potential of its business, excluding non-recurring, non-cash, and non-operational impacts. Management believes that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors. Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. For more information, please visit www.IQSTEL.com. Official Investors Landing Page: www.landingpage.iqstel.com Investor Relations Contact: IQSTEL Inc. 300 Aragon Avenue, Suite 375, Coral Gables, FL 33134 Email: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/iqst--iqstel-reports-record-q3-2025-results-102-8-million-quarterly-revenue-42-sequential-growth-and-strengthened-balance-sheet-302615220.html

Investor releaseQuarter not tagged2025-08-15

Cycurion, Inc. Offers Insight on Second Quarter 2025 Results and Recent Business Activities

GlobeNewswire
Company to host a conference call on August 19, 2025 to discuss in more detail MCLEAN, Va., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a premier cybersecurity and IT solutions provider, following the release of its second-quarter financial results highlighting a period of strategic integration and debt reduction amid one-time expenses, will be conducting a business update on Tuesday, August 19, 2025 at 5:00PM ET to review additional highlights. The Company’s quarterly results reflect a GAAP net loss of $0.15 per share, however, after adjusting for multiple unusual, non-recurring expenses our adjusted net loss is approximately $0.04 per share, providing a clearer view of the company’s underlying performance. These items include: Merger Expenses: Incurred $677,000 in costs related to merger activities during the second quarter Compensation Expenses: Recorded $1 million in compensation due to consulting costs associated with integration efforts Stock Compensation: Issued $1 million in stock compensation to former directors as part of transitional arrangements Preferred Stock Conversions: Recognized $900,000 in expenses from conversions to Series G Convertible Preferred Stock Integration Costs: Faced additional operational expenses from integrating SLG Innovation Inc., which were previously separate, contributing to elevated short-term costs Cycurion also successfully converted $3.5 million from debt to equity in the second quarter, improving its financial position and reducing future interest obligations Outside of the second quarter of 2025 results, Cycurion has made significant strides in recent months, securing high-value contracts and positioning itself for long-term growth as a leading AI-focused cybersecurity company. In June 2025, Cycurion announced over $8 million in new contracts with government and commercial clients, including a $6 million agreement with a major municipal transportation agency for comprehensive IT and cybersecurity solutions. Additionally, a $33 million contract renewal was secured with a major state-level public higher education group, extending through November 2030, and a $22 million multi-year contract was awarded by a U.S. state police agency in partnership with Journal Technologies. The company also secured three multi-year contracts worth up to $6 million across program manag…Read full document

Company to host a conference call on August 19, 2025 to discuss in more detail MCLEAN, Va., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a premier cybersecurity and IT solutions provider, following the release of its second-quarter financial results highlighting a period of strategic integration and debt reduction amid one-time expenses, will be conducting a business update on Tuesday, August 19, 2025 at 5:00PM ET to review additional highlights. The Company’s quarterly results reflect a GAAP net loss of $0.15 per share, however, after adjusting for multiple unusual, non-recurring expenses our adjusted net loss is approximately $0.04 per share, providing a clearer view of the company’s underlying performance. These items include: Merger Expenses: Incurred $677,000 in costs related to merger activities during the second quarter Compensation Expenses: Recorded $1 million in compensation due to consulting costs associated with integration efforts Stock Compensation: Issued $1 million in stock compensation to former directors as part of transitional arrangements Preferred Stock Conversions: Recognized $900,000 in expenses from conversions to Series G Convertible Preferred Stock Integration Costs: Faced additional operational expenses from integrating SLG Innovation Inc., which were previously separate, contributing to elevated short-term costs Cycurion also successfully converted $3.5 million from debt to equity in the second quarter, improving its financial position and reducing future interest obligations Outside of the second quarter of 2025 results, Cycurion has made significant strides in recent months, securing high-value contracts and positioning itself for long-term growth as a leading AI-focused cybersecurity company. In June 2025, Cycurion announced over $8 million in new contracts with government and commercial clients, including a $6 million agreement with a major municipal transportation agency for comprehensive IT and cybersecurity solutions. Additionally, a $33 million contract renewal was secured with a major state-level public higher education group, extending through November 2030, and a $22 million multi-year contract was awarded by a U.S. state police agency in partnership with Journal Technologies. The company also secured three multi-year contracts worth up to $6 million across program management, cybersecurity, and disaster recovery services. These contracts, totaling over $69 million in recent awards, reflect strong market demand for Cycurion’s innovative solutions. By investing in its AI-driven ARx platform and Cyber Shield offerings, Cycurion is capitalizing on higher-margin opportunities in the cybersecurity sector. The Company is committed to shareholder value and has a backlog of 18 months of scopes of work, which is beginning to net results, further strengthening its revenue pipeline. Continued expansion into new client relationships and strategic partnerships, such as those with NACCHO, LSV-TECH S.A.S., and iQSTEL Inc., solidifies the Company’s market presence and sets a foundation for sustainable revenue growth. To discuss these results and future plans, Cycurion will host a conference call with a Q&A session for shareholders on Tuesday, August 19, 2025, at 5:00 PM EDT. Those wishing to participate via webcast can use this link to directly access the event. For those wishing to participate via telephone, first click on this call link and complete the online registration form. Upon registering they will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Participants will then select a method for joining the call. Either a dial in number and unique PIN are displayed to connect directly from their phone or they can enter their phone number and click “Call Me” for an immediate callback from the system. The call will come from a U.S. number. About Cycurion, Inc. Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. More info: www.cycurion.com Forward-Looking Statements This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business. Many factors could cause Cycurion’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-1 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. These statements, including expectations for revenue conversion from the backlog, the benefits of the iQSTEL alliance and stock exchange, and the success of the digital currency strategy, are based on management’s current expectations and are subject to risks and uncertainties, including economic conditions, regulatory changes, and the Company’s ability to address liquidity concerns. For a discussion of these risks, please refer to Cycurion’s filings with the SEC. Investor Relations Contact: Cycurion Investor Relations [email protected] (888) 341-6680 Media Relations Contact: Cycurion Communications [email protected] (888) 341-6680

Investor releaseQuarter not tagged2025-08-14

Cycurion, Inc. Reports Financial Results for the Second Quarter of 2025

GlobeNewswire
MCLEAN, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a premier cybersecurity and IT solutions provider, today announced its financial results for the second quarter and first half of 2025. Amid headwinds from Department of Government Efficiency (DOGE) budget reductions and postponed government contracts, Cycurion is prioritizing the conversion of its expanding contract pipeline, advancing its digital currency initiatives, and capitalizing on partnerships with NACCHO, LSV-TECH, and IQSTEL, among others, to fuel future growth. Key Financial Results for the Second Quarter Ended June 30, 2025 Net Revenues: $3.9 million, a 22.3% decrease from $5.0 million in Q2 2024 Gross Profit: $0.2 million, a 77.0% decrease from $1.0 million in Q2 2024 Adjusted EBITDA: $(1.0) million, compared to $0.7 million in Q2 2024 Net Loss: $(5.3) million, or $(0.15) per basic and diluted share, compared to net income of $0.3 million, or $0.02 per basic share and $0.01 per diluted share, in Q2 2024 Cash and Cash Equivalents: $1.0 million at June 30, 2025 compared to $0.04 million at December 31, 2024 Key Financial Results for the Six Months Ended June 30, 2025 Net Revenues: $7.8 million, a 16.1% decrease from $9.2 million in the prior-year period Gross Profit: $0.9 million, a 33.3% decrease from $1.4 million in the first half of 2024 Adjusted EBITDA: $(0.5) million, compared to $0.7 million in the prior-year period Net Loss: $(15.5) million, or $(0.58) per basic share and $(0.57) per diluted share, versus a net loss of $(0.01) million, or $0.02 per basic share and $0.01 per diluted share, in the prior-year period Management Commentary “Although DOGE budget constraints and deferred contracts impacted our results in the first half of 2025, our third and fourth quarters have traditionally been robust, and we are encouraged by the potential to accelerate revenue from our expanding backlog,” stated Kevin Kelly, CEO and Chairman of Cycurion, Inc. “Through Cycurion Digital Currency’s innovative approach, alongside collaborations with NACCHO, LSV-TECH, and IQSTEL, we are well-equipped to meet rising cybersecurity needs and deliver sustained shareholder value.” Business and Strategic Developments Second-Half Expectations: Cycurion’s Q3 and Q4 have historically driven stronger results from seasonal contract cycles. The Company is actively purs…Read full document

MCLEAN, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a premier cybersecurity and IT solutions provider, today announced its financial results for the second quarter and first half of 2025. Amid headwinds from Department of Government Efficiency (DOGE) budget reductions and postponed government contracts, Cycurion is prioritizing the conversion of its expanding contract pipeline, advancing its digital currency initiatives, and capitalizing on partnerships with NACCHO, LSV-TECH, and IQSTEL, among others, to fuel future growth. Key Financial Results for the Second Quarter Ended June 30, 2025 Net Revenues: $3.9 million, a 22.3% decrease from $5.0 million in Q2 2024 Gross Profit: $0.2 million, a 77.0% decrease from $1.0 million in Q2 2024 Adjusted EBITDA: $(1.0) million, compared to $0.7 million in Q2 2024 Net Loss: $(5.3) million, or $(0.15) per basic and diluted share, compared to net income of $0.3 million, or $0.02 per basic share and $0.01 per diluted share, in Q2 2024 Cash and Cash Equivalents: $1.0 million at June 30, 2025 compared to $0.04 million at December 31, 2024 Key Financial Results for the Six Months Ended June 30, 2025 Net Revenues: $7.8 million, a 16.1% decrease from $9.2 million in the prior-year period Gross Profit: $0.9 million, a 33.3% decrease from $1.4 million in the first half of 2024 Adjusted EBITDA: $(0.5) million, compared to $0.7 million in the prior-year period Net Loss: $(15.5) million, or $(0.58) per basic share and $(0.57) per diluted share, versus a net loss of $(0.01) million, or $0.02 per basic share and $0.01 per diluted share, in the prior-year period Management Commentary “Although DOGE budget constraints and deferred contracts impacted our results in the first half of 2025, our third and fourth quarters have traditionally been robust, and we are encouraged by the potential to accelerate revenue from our expanding backlog,” stated Kevin Kelly, CEO and Chairman of Cycurion, Inc. “Through Cycurion Digital Currency’s innovative approach, alongside collaborations with NACCHO, LSV-TECH, and IQSTEL, we are well-equipped to meet rising cybersecurity needs and deliver sustained shareholder value.” Business and Strategic Developments Second-Half Expectations: Cycurion’s Q3 and Q4 have historically driven stronger results from seasonal contract cycles. The Company is actively pursuing conversions from its backlog, which has swelled amid DOGE delays, with anticipated advancements as federal funding stabilizes—though timelines are variable Expanding Pipeline: DOGE cuts have contributed to a larger contract backlog; leadership is committed to realizing these opportunities in the latter half of 2025, contingent on easing government fiscal pressures Digital Currency Initiative: The launch of Cycurion Digital Currency, a fully owned subsidiary, includes a $10 million commitment to Bitcoin and Ethereum investments, prioritizing long-term holdings, clear reporting, and adherence to regulations. This move broadens the Company’s portfolio in the dynamic digital economy Key Collaborations: NACCHO Collaboration: Teaming with the National Association of County and City Health Officials (NACCHO) enables Cycurion to offer premium cybersecurity services to public health entities, tackling urgent online risks LSV-TECH Collaboration: Partnering with LSV-TECH International Consortium extends Cycurion’s MSSP Cyber Shield platform into Latin America, tapping into LSV-TECH’s ties with Colombian academic institutions and its Nokia-backed network spanning 135 nations IQSTEL Collaboration: A $1 million stock-swap MOU with IQSTEL establishes an equity alliance to build an AI-enhanced cybersecurity solution for telecom worldwide. Merging Cycurion’s security prowess with IQSTEL’s access to 600+ operators unlocks mutual sales channels and innovative advancements SLG Integration: Cycurion secured a 51% stake in SLG Innovation, Inc. on March 31, 2025, for about $13.5 million, bolstering its tech services lineup and growth trajectory Balance Sheet Enhancement: In the first half of 2025, Cycurion secured $0.3 million via an equity line and $3.7 million from warrant exercises, while transforming convertible notes and promissory notes into equity for improved financial health Balance Sheet Overview: June 30, 2025 Cash: Cash and cash equivalents totaled $1.0 million, up 2,516.9% from $0.04 million at December 31, 2024, driven by financing activities including warrant exercises and note proceeds. Liquidity: The Company is advancing efficiency measures and funding strategies to enhance liquidity, supported by $5.6 million in net cash from financing activities in the first half of 2025, despite $6.3 million in cash used in operating activities. Working Capital: A working capital shortfall of $14.3 million persists, reflecting a 23.2% increase in current liabilities to $20.0 million from $18.7 million at year-end 2024, primarily due to factoring liabilities and accounts payable growth. Debt: Gross debt totaled $9.9 million, including $3.2 million in revolving credit, $0.6 million in current bank loans, $0.9 million in current loans payable, $2.3 million in factoring liability, $2.7 million in promissory notes, $0.2 million in related-party loans, and $0.3 million in non-current loans, relatively stable compared to $10.5 million at December 31, 2024.Total assets reached $30.7 million, up from $25.6 million at year-end 2024, largely from SLG-related goodwill Nasdaq Update Cycurion is addressing compliance notifications from Nasdaq concerning bid price minimums, market value thresholds, and filing timelines, aiming for resolution by October 2025. Forward Outlook Cycurion is dedicated to overcoming DOGE hurdles and harnessing its backlog for H2 2025 revenue gains, especially in peak Q3 and Q4 periods. With Cycurion Digital Currency and alliances like NACCHO, LSV-TECH, and IQSTEL, the Company is primed to seize cybersecurity and digital innovation prospects. Investments continue in core areas such as advisory consulting, managed security, and SaaS, amplified by the SLG acquisition for broader market reach. Full details are available in Cycurion’s Form 10-Q for the quarter ended June 30, 2025, submitted to the U.S. Securities and Exchange Commission on August 14, 2025. About Cycurion, Inc. Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. More info: www.cycurion.com Forward-Looking Statements This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business. Many factors could cause Cycurion’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-1 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. These statements, including expectations for revenue conversion from the backlog, the benefits of the IQSTEL alliance and stock exchange, and the success of the digital currency strategy, are based on management’s current expectations and are subject to risks and uncertainties, including economic conditions, regulatory changes, and the Company’s ability to address liquidity concerns. For a discussion of these risks, please refer to Cycurion’s filings with the SEC. Investor Relations Contact: Cycurion Investor Relations [email protected] (888) 341-6680 Media Relations Contact: Cycurion Communications [email protected] (888) 341-6680

Investor releaseQuarter not tagged2025-06-06

Cycurion Reports Financial Results for the First Quarter 2025

GlobeNewswire
MCLEAN, Va., June 06, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, reports financial results for the first quarter ended March 31, 2025, and provides a corporate update. Financial Highlights Revenues of $3.9 million. Gross Profit of $677,673, up 95.4% year-over-year, with a 17.5% gross margin increase in the first quarter of 2025 compared to $346,714 (8.2% gross margin) in the first quarter of 2024, reflecting a focus on capturing and retaining more profitable business. Adjusted EBITDA of $245,062 (6.3% margin) in the first quarter of 2025 compared to $(68,803) in the first quarter of 2024, reflecting strong cost management coupled with both scalable operating leverage and an optimized service mix that included a higher proportion of enterprise clients and stronger government relationships, leading to a significant improvement in adjusted EBITDA in the first quarter of 2025. Net loss of $(10.2) million, consisting of $9.3 million in non-recurring pre-tax charges of non-cash stock compensation expenses and $1.2 million in merger-related expenses, compared to $(0.3) net loss in the first quarter of 2024. Net loss per share of $(0.56) basic and fully diluted that included the aforementioned non-recurring significant pre-tax charges, compared to $(0.02) in the first quarter of 2024. Q1 2025 and Recent Strategic, Technological and Corporate Milestones Listed and Began Trading on Nasdaq: Completed a business combination with Western Acquisition Ventures Corp. in February 2025 and had its shares of common stock listed on the Nasdaq Global Select Market. Broader Rollout of AI-driven SaaS ARx Cybersecurity Platform: High margin, AI-driven cybersecurity solutions have been instrumental in driving margin expansion, enhancing operational scale and strengthening Cycurion’s market position, offering advanced capabilities to a wider array of clients. Strategic Partnerships Delivering Results: Long-term partnerships forged in both the public and private sectors are beginning to yield tangible revenue-generating opportunities. These collaborations validate Cycurion’s go-to-market strategy and enhance its credibility within the industry. Notably, partnerships have already resulted positively. Includes SOC as Service, External Attack Surface Management, Web Applicatio…Read full document

MCLEAN, Va., June 06, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, reports financial results for the first quarter ended March 31, 2025, and provides a corporate update. Financial Highlights Revenues of $3.9 million. Gross Profit of $677,673, up 95.4% year-over-year, with a 17.5% gross margin increase in the first quarter of 2025 compared to $346,714 (8.2% gross margin) in the first quarter of 2024, reflecting a focus on capturing and retaining more profitable business. Adjusted EBITDA of $245,062 (6.3% margin) in the first quarter of 2025 compared to $(68,803) in the first quarter of 2024, reflecting strong cost management coupled with both scalable operating leverage and an optimized service mix that included a higher proportion of enterprise clients and stronger government relationships, leading to a significant improvement in adjusted EBITDA in the first quarter of 2025. Net loss of $(10.2) million, consisting of $9.3 million in non-recurring pre-tax charges of non-cash stock compensation expenses and $1.2 million in merger-related expenses, compared to $(0.3) net loss in the first quarter of 2024. Net loss per share of $(0.56) basic and fully diluted that included the aforementioned non-recurring significant pre-tax charges, compared to $(0.02) in the first quarter of 2024. Q1 2025 and Recent Strategic, Technological and Corporate Milestones Listed and Began Trading on Nasdaq: Completed a business combination with Western Acquisition Ventures Corp. in February 2025 and had its shares of common stock listed on the Nasdaq Global Select Market. Broader Rollout of AI-driven SaaS ARx Cybersecurity Platform: High margin, AI-driven cybersecurity solutions have been instrumental in driving margin expansion, enhancing operational scale and strengthening Cycurion’s market position, offering advanced capabilities to a wider array of clients. Strategic Partnerships Delivering Results: Long-term partnerships forged in both the public and private sectors are beginning to yield tangible revenue-generating opportunities. These collaborations validate Cycurion’s go-to-market strategy and enhance its credibility within the industry. Notably, partnerships have already resulted positively. Includes SOC as Service, External Attack Surface Management, Web Application Firewall and Virtual CISO Support & Consulting. Backlog Reaching Record Levels: Witnessing a robust increase in its backlog of contracted work, which has reached record levels the first quarter of 2025, reflecting strong client demand for Cycurion’s scalable solutions, indicating a positive outlook for future revenue streams. New Contracts: Secured a $22 million multi-year contract with State Police Agency. Management CommentaryKevin Kelly, Cycurion CEO, stated, “As we look ahead, we remain optimistic about the continued demand for our high-margin services and innovative solutions. The company is committed to leveraging the growing client backlog and the success of the ARx platform to drive further growth. Additionally, our focus on nurturing strategic partnerships will be crucial in expanding our market presence and creating new revenue opportunities. Cycurion is poised for a strong 2025, driven by a strategic overhaul focused on sustainable growth and innovation. Over the past year, the company streamlined operations, significantly cutting General and Administrative (G&A) expenses while boosting gross profit for greater financial strength. We have invested heavily in AI-driven technology, sharpening its competitive edge. By pivoting away from low-margin clients to high-value opportunities, the Company has built a robust framework for organic growth while paving the way for expansion, entering 2025 with clear momentum and vision.” About CycurionBased in McLean, Virginia, Cycurion (Nasdaq: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare and corporate clients with a commitment to securing the digital future. Forward Looking StatementsThis press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business. Many factors could cause Cycurion’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-1 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Investor Contact:CORE [email protected] Media Contact:Phone: (703) 555-0123Email: [email protected] Non-GAAP Financial MeasuresStatements in this release include financial information presented in accordance with accounting principles generally accepted in the United States ("GAAP") and also include non-GAAP financial measures that are provided as additional information to enhance the overall understanding of the Company's current financial performance and not as an alternative to the consolidated interim financial statements presented in accordance with GAAP. Management uses these non-GAAP measures (earnings before interest, taxes, depreciation, and amortization ("EBITDA"), Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow) to evaluate the Company's financial performance. These terms might not be calculated in the same manner as, and thus might not be comparable to, similarly titled measures reported by other companies. The financial information tables that accompany this press release include reconciliations of net income to non-GAAP financial measures. EBITDA, Adjusted EBITDA and Adjusted EBITDA margin provide a measure of the Company's operating results in a manner that is focused on the performance of the Company's core business on an ongoing basis, by removing the effects of non-operating and certain non-cash expenses. These non-operating and non-cash items are specifically identified in the reconciliations of GAAP measures to non-GAAP measures that accompany this release. Free Cash Flow provides useful information to investors about the amount of cash generated by the business that can be used for strategic opportunities and is computed as Cash Flows from Operating Activities less both the Purchase of Property and Equipment & Purchase of Intangible Assets.

Investor releaseQuarter not tagged2025-05-30

Cycurion, Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

GlobeNewswire
MCLEAN, Va., May 29, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) ("Cycurion" or the "Company"), a trusted leader in IT cybersecurity solutions and AI, today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on May 22, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the "Form 10-Q"), as described more fully in the Company's Form NT 10-Q Notification of Late Filing (the "Form NT 10-Q") filed with the Securities and Exchange Commission (the "SEC") on May 15, 2025. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. In accordance with Nasdaq's listing rules, the Company has 60 calendar days after the Notice to submit a plan to regain compliance with the Listing Rule. Pursuant to the Notice, following receipt of such plan, Nasdaq may grant an extension of up to 180 calendar days from the Form 10-Q's due date, or until November 17, 2025, for the Company to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq's listing rules as soon as practicable. As previously disclosed, the filing of the Form 10-Q was delayed due to the matters described in the Form NT 10-Q. As of today, the assessment described in the Form NT 10-Q is ongoing and all parties continue to work diligently to complete the assessment and to file the Form 10-Q as soon as practicable. About Cycurion Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients with a commitment…Read full document

MCLEAN, Va., May 29, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) ("Cycurion" or the "Company"), a trusted leader in IT cybersecurity solutions and AI, today announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") on May 22, 2025 (the "Notice"). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the "Form 10-Q"), as described more fully in the Company's Form NT 10-Q Notification of Late Filing (the "Form NT 10-Q") filed with the Securities and Exchange Commission (the "SEC") on May 15, 2025. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. In accordance with Nasdaq's listing rules, the Company has 60 calendar days after the Notice to submit a plan to regain compliance with the Listing Rule. Pursuant to the Notice, following receipt of such plan, Nasdaq may grant an extension of up to 180 calendar days from the Form 10-Q's due date, or until November 17, 2025, for the Company to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq's listing rules as soon as practicable. As previously disclosed, the filing of the Form 10-Q was delayed due to the matters described in the Form NT 10-Q. As of today, the assessment described in the Form NT 10-Q is ongoing and all parties continue to work diligently to complete the assessment and to file the Form 10-Q as soon as practicable. About Cycurion Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients with a commitment to securing the digital future. Forward Looking Statements This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion's business. Many factors could cause Cycurion's actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as "continue", "expect", "intend", "will", "hope", "should", "would", "may", "potential", and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-1 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled "Risk Factors" in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Investor Contact:CORE [email protected] Media Contact:Phone: (703) 555-0123Email: [email protected]

Investor releaseQuarter not tagged2025-04-17

Cycurion Reports Full Year 2024 Financial Results

GlobeNewswire
Adjusted EBITDA of $2.3 million (+59% y/y); Generated $1.2 million of Net Income MCLEAN, Va., April 17, 2025 (GLOBE NEWSWIRE) -- Cycurion (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, reports financial results for full year ended December 31, 2024, and provides a corporate update highlighting a year of strategic execution, operational discipline, and solid financial performance. Cycurion is poised for a strong 2025, driven by a strategic overhaul focused on sustainable growth and innovation. Over the past year, the company streamlined operations, significantly cutting General and Administrative (G&A) expenses while boosting gross profit for greater financial strength. Cycurion invested heavily in AI-driven technology, sharpening its competitive edge. By pivoting away from low-margin clients to high-value opportunities, the Company has built a robust framework for organic growth while paving the way for expansion, entering 2025 with clear momentum and vision. Financial Highlights Revenues of $17.8 million SG&A expenses reduced by 47.5%, demonstrating operational efficiency and tighter strategic focus Adjusted EBITDA of $2.3 million, up 58.9% year-over-year with an expanded margin of 12.9% vs $1.4 million (7.4% margin) in FY2023, reflecting strong cost management and scalable operations Net income of $1.2 million, a significant turnaround from a net loss of $2.1 million in FY2023 — marking Cycurion’s first full year of net profitability Earnings per share improvement to $0.07 basic and $0.01 fully diluted, versus $(0.14) in both categories in FY2023 Free Cash Flow improvement to $(1.8) million from $(2.5) million despite growth investments in personnel and platform development 2024 & YTD 2025 Strategic, Technological and Corporate Milestones Cycurion significantly expanded its next-generation product and services portfolio, further solidifying its position as a trusted partner in advanced cybersecurity solutions: Listed & Began Trading on Nasdaq: Completed merger with Western Acquisition Ventures in February 2025 U.S. Launch of AI-driven SaaS ARx Cybersecurity Platform: New high margin, AI-driven cybersecurity solution expands Company’s reach following strong initial reception in the government and public sectors in March 2025 Launched Cyber Shield Managed Security Services Platform (MSSP)…Read full document

Adjusted EBITDA of $2.3 million (+59% y/y); Generated $1.2 million of Net Income MCLEAN, Va., April 17, 2025 (GLOBE NEWSWIRE) -- Cycurion (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, reports financial results for full year ended December 31, 2024, and provides a corporate update highlighting a year of strategic execution, operational discipline, and solid financial performance. Cycurion is poised for a strong 2025, driven by a strategic overhaul focused on sustainable growth and innovation. Over the past year, the company streamlined operations, significantly cutting General and Administrative (G&A) expenses while boosting gross profit for greater financial strength. Cycurion invested heavily in AI-driven technology, sharpening its competitive edge. By pivoting away from low-margin clients to high-value opportunities, the Company has built a robust framework for organic growth while paving the way for expansion, entering 2025 with clear momentum and vision. Financial Highlights Revenues of $17.8 million SG&A expenses reduced by 47.5%, demonstrating operational efficiency and tighter strategic focus Adjusted EBITDA of $2.3 million, up 58.9% year-over-year with an expanded margin of 12.9% vs $1.4 million (7.4% margin) in FY2023, reflecting strong cost management and scalable operations Net income of $1.2 million, a significant turnaround from a net loss of $2.1 million in FY2023 — marking Cycurion’s first full year of net profitability Earnings per share improvement to $0.07 basic and $0.01 fully diluted, versus $(0.14) in both categories in FY2023 Free Cash Flow improvement to $(1.8) million from $(2.5) million despite growth investments in personnel and platform development 2024 & YTD 2025 Strategic, Technological and Corporate Milestones Cycurion significantly expanded its next-generation product and services portfolio, further solidifying its position as a trusted partner in advanced cybersecurity solutions: Listed & Began Trading on Nasdaq: Completed merger with Western Acquisition Ventures in February 2025 U.S. Launch of AI-driven SaaS ARx Cybersecurity Platform: New high margin, AI-driven cybersecurity solution expands Company’s reach following strong initial reception in the government and public sectors in March 2025 Launched Cyber Shield Managed Security Services Platform (MSSP) Launch: Includes SOC as Service, External Attack Surface Management, Web Application Firewall and Virtual CISO Support & Consulting Expanded Partnership with Journal Technologies: Secured $22 million multi-year contract with State Police Agency Strengthened Board of Directors Appointing Two Highly Accomplished IT Professionals: Kevin O’Brien and Reginald Bailey bring a combined 55 years of IT, Big Data and AI industry, entrepreneurial and C-suite experience to Cycurion Management CommentaryKevin Kelly, Cycurion CEO, stated, “We are pleased with Cycurion’s 2024 performance, especially with our ability to produce meaningful adjusted EBITDA growth coupled with positive net income of $1.2 million. This is particularly significant given an 8.2% revenue decrease due to non-recurring, one-time equipment purchases in 2023. Our strong foundation positions us for continued growth with tremendous momentum with both current and new clients, which will become evident over the next 3-6 months underpinning our belief of a promising 2025.” About CycurionBased in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients with a commitment to securing the digital future. Forward Looking StatementsThis press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business. Many factors could cause Cycurion’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-4, as filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in that filing with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Investor Contact:CORE [email protected] Media Contact:Phone: (703) 555-0123Email: [email protected] Non-GAAP Financial MeasuresStatements in this release include financial information presented in accordance with accounting principles generally accepted in the United States ("GAAP") and also include non-GAAP financial measures that are provided as additional information to enhance the overall understanding of the Company's current financial performance and not as an alternative to the consolidated interim financial statements presented in accordance with GAAP. Management uses these non-GAAP measures (earnings before interest, taxes, depreciation, and amortization ("EBITDA"), Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow) to evaluate the Company's financial performance. These terms might not be calculated in the same manner as, and thus might not be comparable to, similarly titled measures reported by other companies. The financial information tables that accompany this press release include reconciliations of net income to non-GAAP financial measures. EBITDA, Adjusted EBITDA, and Adjusted EBITDA margin provide a measure of the Company's operating results in a manner that is focused on the performance of the Company's core business on an ongoing basis, by removing the effects of non-operating and certain non-cash expenses. These non-operating and non-cash items are specifically identified in the reconciliations of GAAP measures to Non-GAAP measures that accompany this release. Free Cash Flow provides useful information to investors about the amount of cash generated by the business that can be used for strategic opportunities and is computed as Cash Flows from Operating Activities less both the Purchase of Property and Equipment & Purchase of Intangible Assets.

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