$6 Million Contract Award by Major Municipal Transportation Agency Demonstrating Growth Through Comprehensive IT and Cybersecurity Services: Cycurion, Inc. (Nasdaq: CYCU)
$CYCU Has Delivered $17.8 Million Revenue with +59% y/y Adjusted EBITDA Generating $1.2 Million Net Income for 2024 Full Year.
Cycurion, Inc. (Nasdaq: CYCU) is a tech-enabled cybersecurity firm that serves some of the most complex government agencies and corporations in the world including Fortune 100 and 500 Companies. Founded by internet pioneer Emmit McHenry — who directly oversaw the first internet protocols and the creation of .com domains — CYCU brings an unparalleled blend of vision, technology, and experience to every project. More than just an MSSP or strategic advisor, CYCU is a full-service security partner capable of guiding any organization through the modern cyber threat landscape.
Cybersecurity has become an increasingly critical issue as illustrated by many top level media sources devoting high profile features on the subject. Here are some recent examples of investment opportunities in this emerging global business sector:
https://www.cnbc.com/2025/04/09/jim-cramer-grows-more-confident-in-cybersecurity-stocks-in-this-volatile-world.html?&qsearchterm=cybersecurity%20stocks
https://www.morningstar.com/stocks/we-see-buying-opportunities-cybersecurity-stocks
https://www.crn.com/news/security/2025/cybersecurity-stocks-surge-amid-sector-s-resilience-and-isolation-within-tech-industry
CYCU is committed to surpassing expectations and delivering incomparable value to its clients and partners. CYCU achieves this goal by providing Network Communications and Information Technology Security services and solutions that are custom-tailored to the client's environment, as well as level of need. CYCU is built on a foundation of experts in Network Communications and Information Technology who possess unrivaled security expertise and experience.
The flagship Cycurion ARx platform is a unified cybersecurity solution for protecting critical digital assets. Multi-layer protection is focused on inspecting requests to and responses from a digital asset. This non-invasive approach wraps around a digital asset — without hardware requirements or cloud installations — while keeping the client's IP completely private. With every request inspected, malicious threats are logged and blocked in real-time before reaching the asset. This CYCU multi-layer model of cybersecurity is intended to thwart potential attackers via an expanding set of protective layers.
$6 Million Contract Award by Major Municipal Transportation Agency
Award demonstrates Cycurion's growth in public, transportation sector through comprehensive IT and cybersecurity services offering
On April 29th CYCU announced it has been awarded a $6 million contract by a major municipal transportation agency. Under this contract, CYCU will deliver a wide range of professional consulting services, including Audit and Cybersecurity Services, Organizational Change Management Consulting, Data Analytics, and Information Technology Services. The Scope of Work also potentially includes the integration of CYCU proprietary ARx platform to further enhance operational and cybersecurity capabilities.
CYCU brings extensive transportation sector expertise, combined with a strong track record in defining and measuring organizational performance to address deficiencies. Specific services provided will include Risk and Vulnerability Assessments, Regulatory Compliance Analysis, Enterprise Cybersecurity Strategy Development, Testing, and Vulnerability Management.
Expansion into Latin America Through Partnership with LSV-TECH International of Colombia Extending Sales Presence Into 135 Countries via Nokia Agreement
On April 22nd CYCU announced a partnership with LSV-TECH International Consortium for Digital Transformation and Technological Innovation to expand its new Managed Security Services Platform (MSSP) Cyber Shield into Latin America and strengthen cross-border interconnections globally.
The partnership is commencing through a pilot program with several Colombian universities to showcase the CYCU MSSP Cyber Shield. LSV-TECH has long-term, established relationships with several higher education institutions in Colombia, wherein strategic alliances aimed at developing digital talent and strengthening capabilities in new technologies have been developed. These relationships allow for joint efforts in applied research, professional internships, training in emerging technologies, AI, and open innovation programs.
With an established footprint predominantly in Latin America that will have an estimated $5 billion cybersecurity market in 2027 – Brazil, Spain, Peru, Chile, and Colombia – along with its global partnership with Nokia, acting as a primary IT service provider in over 135 countries, LSV-TECH plays a critical role in essential technological solutions that enhance global connectivity. The CYCU partnership with LSV-TECH greatly enhances the Company's high impact, yet cost-effective, MSPP Cyber Shield solution sales reach, enabling it to penetrate a vast network of potential government, education, and enterprise clients globally.
Full Year 2024 Financial Results
Adjusted EBITDA of $2.3 million (+59% y/y); Generated $1.2 million of Net Income
On April 17th CYCU reported its financial results for the full year ended December 31, 2024, and provided a corporate update highlighting a year of strategic execution, operational discipline, and solid financial performance.
CYCU is poised for a strong 2025, driven by a strategic overhaul focused on sustainable growth and innovation. Over the past year, CYCU streamlined operations, significantly cutting General and Administrative expenses while boosting gross profit for greater financial strength. CYCU invested heavily in AI-driven technology, sharpening its competitive edge. By pivoting away from low-margin clients to high-value opportunities, CYCU has built a robust framework for organic growth.
CYCU 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 first full year of CYCU 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
CYCU significantly expanded its next-generation product and services portfolio, further solidifying its position as a trusted partner in advanced cybersecurity solutions.
CYCU 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 CYCU 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 CYCU.
For more information on $CYCU visit: www.cycurion.com
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Media Contact
Company Name: Cycurion, Inc.
Contact Person: Kevin Kelly, Chairman & CEO
Email: Send Email
Phone: 888-341-6680
Address:1640 Boro Place 4th Floor
City: McLean
State: Virginia
Country: United States
Website: http://www.cycurion.com
Source: CAP, LLC
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