CYCU

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...

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...

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...

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...

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...

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 $...

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...

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...

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...

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...

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...