logo
$3.9 Million Revenue for First Quarter 2025 After $39 Million in Contracts Awarded to Enhance Cybersecurity for State-Level Public Higher Education and Major Municipal Transportation Agency: Cycu

$3.9 Million Revenue for First Quarter 2025 After $39 Million in Contracts Awarded to Enhance Cybersecurity for State-Level Public Higher Education and Major Municipal Transportation Agency: Cycu

Globe and Mail19 hours ago

$CYCU Reports 2025 Q1 Gross Profit of $677,673, Up 95.4% Year-Over-Year, with 17.5% Gross Margin Increase
Cybersecurity Leader Addressing the Growing Threat of Cyber Attacks and Data Breaches with a Multi-layered SaaS Solution.
Serving Some of the Most Complex Government Agencies and Corporations in the World Including Fortune 100 and 500 Companies.
Clients and Partners Include: US Dept. of Defense, Defense Intelligence Agency, Dept. of Homeland Security, US Navy and Major Private Sector Companies.
Delivering State-of the-Art, Al-Infused Proprietary Technology Being One of the First to Marry AI and Cybersecurity.
$3.9 Million Revenue for the First Quarter 2025.
Q1 Gross Profit of $677,673, Up 95.4% Year-Over-Year, with 17.5% Gross Margin Increase
$33 Million Contract Renewal Awarded to Enhance Cybersecurity for State-Level Public Higher Education Institutions Over 5 Years.
$6 Million Contract Award by Major Municipal Transportation Agency.
Expansion into Latin America via Partnership with LSV-TECH International Extending Sales Presence Into 135 Countries via Nokia Agreement.
With High Product Pargins, the ARx Security Platform is a Cybersecurity Breakthrough and the Foundational Future Contributor to CYCU growth.
Technology Veterans, Many Holding High-Level Security Clearances and Have Served Critical Roles in Public and Private Sectors.
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.
Financial Results for the First Quarter 2025
On June 6th CYCU reported financial results for the first quarter ended March 31, 2025, and provided a corporate update.
Financial Highlights:
Revenues of $3.9 million.
CYCU 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.
Q1 2025 and Recent Strategic, Technological and Corporate Milestones
CYCU 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.
CYCU 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.
$33 Million Contract Renewal to Enhance Cybersecurity for State-Level Public Higher Education Institutions
On May 13th CYCU announced that it had been awarded a significant contract renewal by a major state-level public higher education group. Under this renewed agreement, CYCU will deliver comprehensive cybersecurity services to member universities and colleges within the group, ensuring they are equipped to defend their education-focused operations and digital assets against the ever-evolving landscape of cyber threats. The renewal, valued at $33 million over the five-year term, extends the CYCU partnership through November 2030.
Comprehensive Cybersecurity Services
As part of this renewed contract, CYCU will provide an extensive suite of cybersecurity and governance, risk, and compliance (GRC) 24x7x365 managed support services, which include:
Enterprise Security Strategy: Developing a holistic approach to security that aligns with institutional goals and protects valuable digital assets
Risk & Vulnerability Assessment & Testing: Continuous evaluation and testing of security measures to identify vulnerabilities and enhance defenses
Disaster Recovery: Strategies and solutions to restore systems and data after disruptive events
Business Continuity Planning: Ensuring ongoing operations during and after a security incident
Forensics and Recovery Services: Comprehensive support for incident investigation and data recovery
Regulatory Compliance Analysis: Assisting institutions in meeting federal and state compliance requirements
In addition to the member institutions of this State-Level Public Higher Education Group, any university or governmental entity across the United States can leverage this contract vehicle to access CYCU cybersecurity services. The contract provides a streamlined pathway for educational and governmental organizations to enhance their cybersecurity posture without the need for an extensive procurement process.
$6 Million Contract Award by Major Municipal Transportation Agency
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.
Disclosure listed on the CorporateAds website
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: www.cycurion.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

1 Warren Buffett Stock That Could Go Parabolic in 2025 and Beyond
1 Warren Buffett Stock That Could Go Parabolic in 2025 and Beyond

Globe and Mail

timean hour ago

  • Globe and Mail

1 Warren Buffett Stock That Could Go Parabolic in 2025 and Beyond

It is hard to find cheap stocks trading at all-time highs, but Warren Buffett's portfolio at Berkshire Hathaway may be a good place to start. Berkshire Hathaway owns a large collection of stocks, and one that should catch people's eye today is Ally Financial (NYSE: ALLY). Berkshire owns close to 10% of the online bank and is its largest shareholder, having started a position back in 2022. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Many investors have soured on Ally stock in the last few years. The stock is off 37% from all-time highs while the rest of the market is soaring. But if you look at the numbers, now may be the time that Ally Financial begins to turn around its operations, meaning the stock could go parabolic in 2025 and beyond for those who buy today. Here's why this Warren Buffett stock may go parabolic for the rest of this year. Improving loan metrics, decreasing deposit costs As an online bank, Ally Financial has two sides of the business that investors need to analyze: loans and deposits. The company makes loans in a variety of markets, but mostly for consumer automotive loans, which have been under some pressure in the last few years because of rising interest rates. Loans made in 2022 and 2023 have not performed as well as Ally hoped, while existing loans at ultra-low yields decreased its interest income, while costs paid to depositors soared. These dynamics decreased Ally's net interest margin (NIM), which is a large indicator of what the company can generate in bottom-line profits for shareholders. Now, all three of these factors seem to be normalizing. Deposit costs are decreasing due to the Federal Reserve lowering interest rates and Ally giving up on expensive depositors to competitors. Its 2024 automotive loan book is performing much better than 2022 and 2023 when it comes to delinquencies and 30 days past due metrics. The average yield it is earning on its automotive loan book keeps rising, which will help expand NIM through the rest of 2025. Add it up, and Ally has a lot working in its favor coming out of the inflation-induced Federal Reserve hiking cycle. The stock is not earning much in net income today, but it has a recipe for greatly increasing its earnings in the next few quarters: lower funding costs, higher-yielding loans, and better-performing loans. Expect this dynamic to continue. A cheap stock for those with eyes forward Ally stock does not look cheap on a trailing basis. It has a price-to-earnings ratio (P/E) of 26, which is expensive for a bank. However, at a market capitalization of $10.9 billion, the stock may be a steal if we consider Ally's forward earnings potential. Before the pandemic, Ally was well on its way to generating $2 billion in annual net income. It went through a period of overearning with interest rates close to zero and rising used car prices and has now fallen to the other side of the spectrum. Through the rest of 2025 and over the next few years, Ally's core automotive lending business can help it recover back on its track to $2 billion in net income, which is easily doable with a much larger deposit/asset base today compared to before the pandemic. This would bring the stock's price-to-earnings ratio (P/E) down to around 5, a dirt-cheap figure even for a bank. This is the setup that could drive gains for Ally stock through the rest of 2025. ALLY PE Ratio data by YCharts Long-term dividend growth at a high starting yield Another way to look at Ally's cheapness is the stock's dividend. A rising dividend will not make the stock price go parabolic, but it can help fuel total shareholder returns. Today, Ally has a dividend yield of 3.40%, a high starting yield even though its dividend has not been raised in a few years. Once Ally's net income starts moving in the right direction again, the company should be able to start raising its dividend per share, which will help boost returns for shareholders who buy today. This makes it a perfect dividend growth stock. Lastly, once Ally's net income begins to grow again, its share repurchase program will likely recommence. This has been paused for a few years as the bank works out the kinks on its balance sheet but it was previously a huge driver of shareholder returns. Shares outstanding will begin to shrink, which will help the company increase its dividend per share at an even faster rate. Putting everything together, Ally Financial looks like a dirt-cheap Buffett stock with the chance to produce huge returns for investors who buy today. Should you invest $1,000 in Ally Financial right now? Before you buy stock in Ally Financial, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ally Financial wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025

Analysts Love DraftKings Stock, But This New Tax Bill Could Send DKNG Shares Plunging
Analysts Love DraftKings Stock, But This New Tax Bill Could Send DKNG Shares Plunging

Globe and Mail

timean hour ago

  • Globe and Mail

Analysts Love DraftKings Stock, But This New Tax Bill Could Send DKNG Shares Plunging

Valued at a market cap of roughly $17 billion, DraftKings (DKNG) operates as a digital sports entertainment and gaming company. It offers online sports betting, daily fantasy sports, iGaming products including casino games, and retail sportsbooks across the U.S. and internationally. The Boston-based company also develops gaming software for operators, and provides digital lottery services and media content. DKNG stock went public in 2019 and currently trades 55% below all-time highs. However, the stock has also gained over 150% in the last three years, driven by improving profit margins and steady revenue growth. DKNG stock fell 6% on Monday, June 2 following the approval of a budget in Illinois that imposes new wager taxes on the industry. According to a CNBC report, Illinois will implement a $0.25 tax per wager on the first 20 million online sports bets annually, rising to $0.50 thereafter. Truist analyst Barry Jonas called the duties a 'surprise,' noting it's the second consecutive year of unexpected state taxes on betting operators. Jonas expects DraftKings and FanDuel (FLUT) to surpass 20 million wagers, triggering the higher tax rate. Illinois will have among the highest rates nationally under the new plan. Wall Street has warned that other states may follow Illinois' lead in addressing budget deficits through sports betting taxes. CNBC explained that current statewide digital sports betting taxes range from 51% in New Hampshire, New York, and Rhode Island to 6.75% in Nevada and Iowa. Further, only 27 states, plus the District of Columbia, currently permit online sports betting statewide. Is DraftKings Stock a Good Buy Right Now? In Q1, DraftKings reported first-quarter revenue of $1.409 billion, a 20% year-over-year increase. Still, it revised full-year guidance downward due to unfavorable sports betting outcomes that offset strong underlying business fundamentals. Management revised 2025 revenue guidance to $6.3 billion at the midpoint from $6.45 billion, while adjusted EBITDA guidance dropped to $850 million from $950 million. The sports betting giant generated nearly $103 million in adjusted EBITDA for the quarter while demonstrating continued strength in core operational metrics. CEO Jason Robins emphasized that core value drivers are outperforming expectations, with product enhancements driving higher structural hold rates and more efficient promotional deployment. The company's adjusted gross margin expanded by more than 100 basis points year-over-year to 45%, reflecting both hold percentages and promotional efficiency gains. Live betting emerged as a significant growth driver, exceeding 50% of the total handle for the first time in the company's history. Recent acquisitions, including Simplebet and Sports IQ, are contributing to enhanced live betting capabilities, with MLB live handle up 36% year-over-year in April. DraftKings completed the quarter with $1.1 billion in cash after repurchasing $140 million worth of shares. It expects to generate approximately $750 million in free cash flow for 2025, which will support its $1 billion share buyback authorization. What Is the Target Price for DKNG Stock? Analysts expect DraftKings' sales to increase from $4.77 billion in 2024 to $11.08 billion in 2029. Comparatively, adjusted earnings are forecast to expand from $0.24 per share to $3.82 per share in this period. DKNG stock trades at a forward price-earnings multiple of 22x, which is reasonable. If priced at 20x, the stock is expected to trade around $75 in June 2029, indicating upside potential of 127% from current levels. Out of the 30 analysts covering DKNG stock, 24 recommend 'Strong Buy,' three recommend 'Moderate Buy,' and three recommend 'Hold.' The average target price for DraftKings stock is $53.48, 60% above the current trading price.

Some tough times for some big names in growing PWHL
Some tough times for some big names in growing PWHL

National Post

time2 hours ago

  • National Post

Some tough times for some big names in growing PWHL

Until this past week, the majority of the best players in women's hockey have been shielded from the dirtier side of the business side of professional sports and how that could impact their day-to-day lives. Article content An expansion process focused on maintaining league-wide parity ended that shielding once and for all. Article content Article content And kudos to the women — the likes of Hilary Knight, Sarah Nurse, Alex Carpenter and Emerance Maschmeyer to name just four — who handled this all with so much grace. Article content It can't have been easy for hockey players who all their lives have been told they are at the very elite level of their sport, to suddenly hear from the general managers of the teams they helped form that there were three other players they would rather protect going forward. Article content All four of the aforementioned players were foundational signings — the three players on each of the six original clubs that the teams would be build around — and two years later all four, one of them a captain, were left unprotected. Article content Then put the shoe on the other foot and imagine being the GM told they can protect just three players and having to weigh factors such as age, financial flexibility and long-term goals to say nothing of the personal relationships built over two years and some longer than that, and then having to approach a player who has probably never been cut from a team and tell them they would not be protected. Article content But that was the hand dealt both GMs and many of the league's biggest stars over the past few weeks. Article content Article content Soft — read wildly popular — landing spots in Seattle and Vancouver helped cushion the blow for the players, but that didn't stop it from being a roller coaster ride these past few weeks for some of the most highly respected women in the game. Article content Article content Nurse was as much the face of the Sceptres franchise as anyone on the team. She was one of three foundational signings along with defender Renata Fast and eventual team captain Blayre Turnbull. She was part of the marketing campaign that introduced the PWHL to Toronto. She was even part of the Player's Association Executive that helped negotiate the collective bargaining agreement this league will play under for another six seasons yet.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store