Latest news with #CTM
Yahoo
3 days ago
- Business
- Yahoo
Castellum, Inc. Reports Record Quarterly Revenue, Improving Profitability, and Additional Debt Reduction with Q2 2025 Results
Castellum, Inc. Reports Record Quarterly Revenue, Improving Profitability and Additional Debt Reduction with Q2 2025 Results VIENNA, Va., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) ("Castellum" or the "Company"), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces its financial results for the second quarter ended June 30, 2025, featuring record revenue, improved operating performance, record cash, and a meaningful debt reduction. Revenue for Q2 2025 totaled $14.0 million, a record quarter reflecting a 19.7% increase from $11.7 million in Q1 2025 and a 21.7% increase from $11.5 million in Q2 2024. These results reflect the second consecutive quarter of year-over-year organic revenue growth, the only two times the Company has achieved that milestone since the Company's 2022 uplisting. The Company reduced total debt by $3.7 million during the quarter, a key step in strengthening its balance sheet and enhancing financial flexibility. This strategic deleveraging effort reflects management's ongoing focus on capital discipline and long-term shareholder value. Operating loss for the quarter narrowed significantly to $(0.4) million, compared to $(1.1) million in Q1 2025 and $(6.0) million in Q2 2024. The improvement reflects continued cost discipline and increasing operating leverage, even with non-cash and one-time charges included in results. Additionally, excluding non-cash and one-time items, Castellum generated $0.5 million of adjusted EBITDA. Castellum ended the quarter with a record cash balance of $14.7 million, up from $13.3 million at the end of Q1, further reinforcing its commitment to liquidity and prudent capital management. 'In addition to record revenue and solid margin improvement, we reduced our debt by $3.7 million this quarter - a major achievement in strengthening our financial foundation,' said Glen Ives, Chief Executive Officer of Castellum. 'Our continued strong performance and steady progress are a direct reflection of our world-class CTM team and their 'best in industry' skills, talent, knowledge, and experience directly supporting our mission customers to achieve their vital national security missions and objectives. We're building meaningful momentum, and we believe these results position us well to continue creating long-term value for our shareholders.' Castellum's full financial results for the three and six months ending June 30, 2025, are expected to be filed later today on Form 10-Q, which will be available at About Castellum, Inc. (NYSE-American: CTM): Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government - Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 2lE of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company's expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as "estimate," "project," "believe," "anticipate," "shooting to," "intend," "in a position," "looking to," "pursue," "positioned," "will," "likely," "would," or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations for revenue growth, new customer opportunities, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company's ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company's revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission ("SEC") which can be viewed at All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company. Non-GAAP Financial Measures and Key Performance Metrics: This press release contains Non-GAAP Adjusted EBITDA, a Non-GAAP financial measure used by management to measure the Company's operating performance. A reconciliation of this measure to the most directly comparable GAAP financial measure is contained herein. To the extent required, statements disclosing this measure's definition, utility, and purpose are also set forth herein. Definition: Adjusted EBITDA is a Non-GAAP measure, calculated as the Company's earnings before (not including expenses related to) interest, taxes, depreciation, and amortization, also adjusted for other non-cash items such as stock-based compensation and other non-recurring, cash items, such as expenses for a one-time policy change. Utility and Purpose: The Company discloses Non-GAAP Adjusted EBITDA because this Non-GAAP measure is used by management to evaluate our business, measure its operating performance, and make strategic decisions. We believe NonGAAP Adjusted EBITDA is useful for investors and others in understanding and evaluating our operating results in the same manner as its management. However, Non-GAAP Adjusted EBITDA is not a financial measure calculated in accordance with GAAP and should not be considered as a substitute for GAAP operating loss or any other operating performance measure calculated in accordance with GAAP. Using this Non-GAAP measure to analyze our business would have material limitations because the calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. In addition, although other companies in our industry may report a Non-GAAP Adjusted EBITDA measure, this measure may be calculated differently from how we calculate this Non-GAAP financial measure, reducing its overall usefulness as a comparative measure. Because of these inherent limitations, you should consider Non-GAAP Adjusted EBITDA alongside other financial performance measures, including net loss and our other financial results presented in accordance with GAAP. Castellum, Inc. Reconciliation of unaudited Non-GAAP Recurring Cash Operating Profit to Operating Loss Three Months Ended June 30, 2025 Revenues $ 14,024,090 Gross profit 5,060,447 Net Loss (322,107 ) Add back: Interest expense 30,357 Taxes (75,773 ) Depreciation and amortization 372,026 Adjust for non-cash and one-time charges: Change in derivative liability (16,000 ) Stock based compensation 511,814 Total non-cash charges 822,424 Non-GAAP Adjusted EBITDA $ 500,317 Contact: Glen Ives President and Chief Executive Officer Phone: (703) 752-6157 info@ A photo accompanying this announcement is available at
The Citizen
29-07-2025
- Entertainment
- The Citizen
CTM Sparks New Era at Electric 947 Show – With a Nod to Bob & Nige
We were treated to an unforgettable evening of live music, laughter, and legendary moments at the Anele and the Club Live show, hosted at SunBet Arena, Time Square, on Saturday, July 19. Presented by 947, the sold-out event brought together the station's most popular hosts – Anele Mdoda, Frankie du Toit, Thembekile Mrototo, and Cindy Poluta – along with show-stopping performances by Matthew Mole, Nasty C, Boity Thulo, Will Linley, Chrizz Beatz, and Anaya Sounds. The crowd described the atmosphere as 'electric,' with high energy, spontaneous moments, and surprises around every corner. One such surprise came from none other than CTM, one of South Africa's most loved home improvement brands. In a nostalgic twist that delighted the audience, Nige – the familiar face from CTM's iconic Bob & Nige commercials of the late '90s and early 2000s – made a special appearance. Actor Peter Terry returned to the stage to honour the legacy, bridging the gap between past and present. But this was more than a trip down memory lane — it marked the official launch of CTM's bold new brand campaign, introducing three fresh characters: Carla , the go-to for More Style, , the go-to for More Style, Tito , the savvy symbol of Big Savings, , the savvy symbol of Big Savings, Mario, the trusted voice of DIY and Quality. Together, they form the CTM Home-Makers – your partners in all things Style, Value, and DIY. Whether you're planning a full home makeover or simply refreshing your space with stunning tiles, their message is clear: CTM has everything you need, at the right price, with standout style. And right now, there's even more reason to visit your nearest store – CTM's Tile Sale is on, but only until 17 August 2025. It's your chance to take home premium style and value at prices you won't want to miss. Launched on stage at this high-energy 947 event, the campaign represents a bold evolution of CTM's brand. It blends the humour and heart of the Bob & Nige era with a vibrant, modern spirit that connects with today's customer – someone looking for more than just a store, but a trusted home partner. It's not just a new campaign – it's a new chapter for CTM, where heritage meets now, and where Big Savings, More Style, comes to life like never before.
Pink Villa
29-07-2025
- Entertainment
- Pink Villa
Bhumi Pednekar spills beans on botox and fillers, reveals what's constant in her meals
The debate around Botox and fillers is not new! Time and again, actors have faced backlash for opting for cosmetic procedures. Bhumi Pednekar, who marked her Bollywood debut with Dum Laga Ke Haisha, has also been accused by netizens of undergoing cosmetic surgeries. In fact, her recent appearance in the web series titled The Royals only added fuel to the fire, and internet users trolled her for the alleged botox and fillers. Over the years, Bhumi Pednekar has consistently denied such speculations, and now, she has opened up about cosmetic surgeries in general. Bhumi Pednekar talks about botox and fillers Talking to News 18, the 36-year-old actress said, "I feel, to each their own. We live in a time where people should make their own choices. I am nobody to have any kind of judgment on what people want to do. I also feel that this is being discussed way too much.' Further, talking about her diet, she revealed that one time that remains a constant in her regular meals. Bhumi added, "People get very scared of but I have it in my diet – fat. I have a lot of ghee in my diet. The only difference is, I do not cook in ghee; I consume it raw. Put it on your rotis or idlis, it is very beneficial for your health." Bhumi Pednekar never compromises on her skincare routine Earlier, the Pati Patni aur Woh actress discussed her skincare remedies, makeup hacks, and her take on shattering the toxic beauty standards. Spilling the beans on her skincare regime, Bhumi Pednekar revealed that she relies on the CTM formula- cleansing, toning, and moisturising. Even if it's a busy schedule for her, she never misses out on it. To maintain her inner and outer glow, the B-town celebrity drinks an adequate amount of water every day. Bhumi also follows a balanced diet and takes proper rest. For the unversed, she was last seen in Mere Husband Ki Biwi, alongside Arjun Kapoor and Rakul Preet.
The Citizen
23-07-2025
- Entertainment
- The Citizen
‘Electric' live show brings radio magic to Pretoria venue
Pretoria residents were treated to a spectacle of live music and radio show magic during the 2025 Anele and the Club Live show at SunBet Arena, Time Square, on Saturday night, July 19. The electric event, back by popular demand, was presented by 947 and included appearances by hosts Anele Mdoda, Frankie du Toit, Thembekile Mrototo, and Cindy Poluta. Audiences were treated to giveaways and quizzes as well as performances by Matthew Mole, Nasty C, Boity Thulo, Will Linley, Chrizz Beatz, and Anaya Sounds, to name a few. Those in attendance described the atmosphere as 'electric'. According to attendees, it felt 'unchoreographed and spontaneous' – a seamless ride from one moment to the next. During the performance, locals were also treated to a nostalgic surprise: Nige – the legendary face from the classic CTM commercials – made an appearance. Actor Peter Terry reprised his role to introduce the new faces of CTM's bold campaign: Carla, the stylish trendsetter, Tito the charming deal breaker, and Mario the ultimate DIY guy. CTM's fresh brand campaign, officially launched at the event, blends heritage with modern flair echoing the company's long-standing promise of fashion-forward design, trusted quality, and smart affordability. It's a new era, but with a respectful nod to Bob and Nige's legacy from the iconic 1996–2006 CTM ads. Do you have more information about the story? Please send us an email to [email protected] or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram or TikTok. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
NDTV
05-07-2025
- General
- NDTV
How Britain Gave Us Chicken Tikka Masala - And Why India Took It Back
By the time you finish reading this, you might start craving a bowl of creamy, tomato-rich chicken tikka masala, and that is entirely the point. But as you swirl a chunk of naan through that sunset-orange sauce, have you ever stopped to ask: Where did this dish actually come from? Is it truly Indian? In the pantheon of global comfort foods, few dishes have sparked as much debate, devotion, and delicious confusion as chicken tikka masala. Popularly known as CTM for decades now, it is a staple among British curry-house regulars. Experts have declared it a symbol of modern multicultural Britain. Even pubs in Yorkshire serve it over chips. Yet, most Indians back home might raise an eyebrow when someone says, "That's not really Indian, you know." In this article, we take a deep dive into the fascinating, flavour-packed journey of this beloved curry -from its alleged invention in a rainy Scottish kitchen to its triumphant return to Indian menus. Also Read: Anglo-Indian Cuisine: India's First Fusion Cuisine? 4 Emblematic Anglo-Indian Cuisine Recipes All About Chicken Tikka Masala: At first glance, chicken tikka masala seems like a natural extension of Indian culinary tradition. After all, it begins with chicken tikka - boneless chunks of chicken marinated in yogurt and spices, then roasted in a tandoor. But the masala, that rich, creamy, tomato-based gravy, is where the story takes a sharp turn. Unlike traditional Indian curries, which often rely on slow-cooked onions, whole spices, and regional techniques, chicken tikka masala's sauce is smoother, sweeter, and more uniform. It is a dish engineered for comfort not complexity, heat, or excess spice. The CTM Origin Story: The most widely accepted tale of chicken tikka masala's birth places it in Glasgow, Scotland, sometime in the 1970s. According to food historians, when a customer at the Shish Mahal restaurant in Scotland, complained that his chicken tikka was too dry, chef Ali Ahmed Aslam allegedly improvised a sauce using canned tomato soup, cream, and spices to appease the diner. The result? A dish that would go on to become a national obsession. But like all great origin stories, this one has its fair share of competing theories. Some historians argue the dish evolved gradually in Bangladeshi-run curry houses across the United Kingdom, where chefs adapted Indian recipes to suit British palates. Others trace its roots to butter chicken from Delhi, suggesting that tikka masala is a British remix of a Punjabi classic. Regardless of who first stirred the pot, one thing is clear: chicken tikka masala was born out of cultural negotiation. Also Read: Mulligatawny Soup: Is It India's First Soup? What Is It Made Of? Photo Credit: iStock From Curry-House Staple To British Icon: By the early 2000s, chicken tikka masala had become so entrenched in British food culture that then Foreign Secretary Robin Cook famously declared it "a true British national dish," reports the Guardian. He called it "a perfect illustration of the way Britain absorbs and adapts external influences." Indeed, its popularity soared alongside the rise of the British curry house. These restaurants, often run by Bangladeshi immigrants, became culinary lifelines for post-war Britain, offering exotic flavours at affordable prices. Today, reportedly, it is estimated that over 23 million portions of chicken tikka masala are consumed annually in the United Kingdom. Supermarkets sell ready-meal versions, and the dish has even found a home in pubs and pop culture alike. Chicken Tikka Masala's Way Back To India: Over the past two decades, CTM has made its way back to India, but this time as a foreign import. Restaurants in Delhi, Mumbai, and beyond now serve their own versions, often labelled 'British-style curry' or 'Angrezi tikka masala'. For chefs here, it is a chance to reinterpret a relocated creation through a local lens, adding more heat, swapping cream for cashew paste, or pairing it with regional breads like kulcha or roomali roti. Also Read: How To Make Railway Mutton Curry - An Anglo-Indian Delicacy Of The First Class Passengers (Recipe Inside) Bottom Line: A Dish That Defies Borders Chicken tikka masala is the perfect example of what happens when a centuries-old cuisine meets a new audience and evolves in unexpected ways. The next time you dip a piece of naan into that luscious orange gravy, remember: you are not just eating a curry, you are tasting a slice of history. And if all this CTM conversation has left you hungry, here's a recipe to help you recreate it at home. Enjoy your meal! Advertisement About Somdatta Saha Explorer- this is what Somdatta likes to call herself. Be it in terms of food, people or places, all she craves for is to know the unknown. A simple aglio olio pasta or daal-chawal and a good movie can make her day. For the latest food news, health tips and recipes, like us on Facebook or follow us on Twitter and YouTube. Tags: Chicken Tikka Masala Britain History Of Chicken Tikka Masala Show full article Comments
