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CISO Global Books Over $1.1M in CHECKLIGHT® Software Sales -
Globenewswire· 2025-12-17 21:30
One of the Nation’s Largest Religious Institutions Renews and Expands via a Three-Year Contract Scottsdale, AZ, Dec. 17, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a leading provider of AI-powered cybersecurity software and compliance services, today announced it has booked more than $1.1 million in CHECKLIGHT® software sales, highlighted by the renewal and expansion of a three-year agreement with one of the nation’s largest religious institutions. The institution has relied on CHECKLIGHT® for mor ...
CISO Global Announces Strong Results from Annual Shareholder Meeting - Positioned for Growth and Transformation
Globenewswire· 2025-12-16 22:30
Scottsdale, AZ, Dec. 16, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a leading provider of AI-powered cybersecurity software and compliance services, today announced the successful results of its Annual Shareholder Meeting, highlighted by strong shareholder participation and overwhelming support for the Company’s leadership, strategy, and governance initiatives. More than 66% of outstanding shares were represented and voted at the meeting, reflecting robust shareholder engagement and confidence in ...
CISO Global's TalaTek Achieves C3PAO Status from the CyberAB, Empowering Cybersecurity Compliance Leadership Across the Defense Industrial Base
Globenewswire· 2025-11-18 13:30
Core Insights - CISO Global has been designated as a Certified Third-Party Assessment Organization (C3PAO) under the Cybersecurity Maturity Model Certification (CMMC) program, enhancing its commitment to compliance and risk management services [1][2][3] Company Overview - CISO Global, headquartered in Scottsdale, Arizona, specializes in AI-powered cybersecurity software and compliance services, aiming to protect organizations from emerging cyber threats [4] - The company’s subsidiary, TalaTek, has held FedRAMP 3PAO status since 2014, providing independent assessments to help organizations comply with federal security standards [2] Strategic Importance - The C3PAO status enables CISO Global to assist defense contractors and suppliers in meeting the Department of Defense's stringent CMMC requirements, which are critical for safeguarding the Defense Industrial Base (DIB) and national security [2][3] - The company emphasizes its expertise in advisory services and continuous monitoring to help clients achieve and maintain compliance in a dynamic threat landscape [3] Service Offerings - CISO Global provides a comprehensive range of Governance, Risk, and Compliance (GRC) services, including CMMC assessments, FedRAMP advisory, continuous monitoring, and compliance strategy development [6]
CISO (CISO) - 2025 Q3 - Quarterly Report
2025-11-13 22:20
Revenue Performance - Total revenue for Q3 2025 was $6,461,798, a decrease of $1,049,499 or 14% compared to Q3 2024 revenue of $7,511,297[116] - Security managed services revenue decreased by $1,129,609, or 16%, for Q3 2025 compared to Q3 2024, primarily due to lower annual contract values among newly acquired customers[118] - Cybersecurity software revenue increased by $36,968, or 34%, for Q3 2025 compared to Q3 2024, driven by an increase in subscriptions for Checklight cybersecurity software[119] - Professional services revenue increased by $43,142, or 10%, for Q3 2025 compared to Q3 2024, attributed to more customer projects[118] Profit and Loss - Total gross profit for the nine months ended September 30, 2025 was $5,025,756, an increase of $2,351,557 compared to $2,674,199 for the same period in 2024[128] - Loss from operations for the nine months ended September 30, 2025 was reduced to $6,673,139, compared to $12,657,510 for the same period in 2024, reflecting an improvement of $5,984,371[128] - For the nine months ended September 30, 2025, the company incurred a net loss of $5,857,097 and reported cash used in operations of $6,180,042, with an expectation of further losses through the end of 2025[141] Cash Flow and Financing - Net cash used in operating activities for the nine months ended September 30, 2025, was $6,180,042, compared to $3,582,726 for the same period in 2024[153] - Net cash provided by financing activities for the nine months ended September 30, 2025, was $6,299,182, primarily from the sale of Common Stock and the exercise of warrants[156] - The company has $100,000,000 available from its shelf registration statement on Form S-3 to fund current and future operations, subject to certain limitations due to its public float[145] Debt and Liabilities - Total current liabilities decreased by $16,585,255 to $8,370,392 compared to $24,955,647 as of December 31, 2024[117] - As of September 30, 2025, the carrying value of outstanding debt obligations was $2,053,884, with substantial maturities scheduled for the remainder of 2025 and 2026[148] - Cumulative dividends in arrears on the Series A Preferred Stock totaled $145,200 as of September 30, 2025, with no dividends declared during the period[142] Future Outlook - The company expects to incur further losses through the end of 2025 and has substantial doubt about its ability to continue as a going concern without raising additional capital[147] - The company’s current cash on hand is insufficient to satisfy its operating cash needs for the next 12 months from the filing of the Quarterly Report[150] Other Financial Metrics - Stock-based compensation expenses decreased by $735,631, or 69%, for Q3 2025 compared to Q3 2024, due to the forfeiture of options by terminated employees[122] - Interest expense decreased by $1,110,088 for Q3 2025 compared to Q3 2024, primarily due to the extinguishment of convertible notes payable[127] - The gain on extinguishment of convertible notes increased by $5,296,103 for Q3 2025, as a result of the conversion of certain convertible notes into shares of Series A Preferred Stock[126] - The company recognized a gain on troubled debt restructuring of $5,296,103 during the three and nine months ended September 30, 2025, reflecting the difference between the carrying value of the Exchange Notes and the estimated fair value of the Series A Preferred Stock issued[143] - As of September 30, 2025, the company had a working capital deficit of $5,376,502, a significant decrease from a deficit of $21,474,576 as of December 31, 2024[151]
CISO (CISO) - Prospectus(update)
2025-10-21 20:31
As filed with the Securities and Exchange Commission on October 21, 2025 Registration No. 333-290738 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CISO GLOBAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 8742 83-4210278 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Numbe ...
CISO Global CEO David Jemmett to Present at LD Micro Main Event XIX
Newsfile· 2025-10-15 12:30
Core Insights - CISO Global's CEO, David Jemmett, will present at the LD Micro Main Event XIX on October 19 and 21, 2025, in San Diego, CA [1][4] - The event will focus on unusual trading activities in small and microcap companies, with Jemmett sharing insights from CISO Global's research on its own stock [2][3] Group 1: Event Details - The LD Micro Main Event XIX will take place from October 19 to 21, 2025, at the Hotel del Coronado in San Diego, California [6] - The event will feature around 120 companies presenting in half-hour increments and will include one-on-one investor meetings [7] Group 2: Company Overview - CISO Global, Inc. is a leader in AI-powered cybersecurity software and compliance services, headquartered in Scottsdale, Arizona [8] - The company provides comprehensive solutions to protect organizations from cyber threats and ensure compliance with regulations [8]
CISO (CISO) - Prospectus
2025-10-06 20:50
As filed with the Securities and Exchange Commission on October 3, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CISO GLOBAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 8742 83-4210278 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 6900 E. Camelback Road, ...
CISO Global Strengthens Balance Sheet, Positions for Growth and Strategic Opportunities
Globenewswire· 2025-10-01 12:30
Core Viewpoint - CISO Global is positioned to accelerate sales growth and pursue strategic opportunities following significant improvements to its balance sheet [1] Financial Restructuring - The company converted the last remaining investor debt into Preferred A shares, eliminating over $9 million in debt and converting it to equity held by two long-term supporters [2] - A financing agreement with B. Riley provides up to $15 million in potential growth capital through the sale of convertible Preferred B shares, with no associated warrants, allowing the company discretion on issuance based on growth opportunities [3] Management Insights - The CEO of CISO Global stated that the balance sheet is now strong, and the agreement with B. Riley reflects confidence in the business while minimizing shareholder dilution [4] - The COO highlighted a strong sales pipeline from business owners looking to reduce cybersecurity risks through innovative financial-backed models, emphasizing partnerships to align offerings with customer preferences [5] Business Focus - CISO Global aims to scale its cybersecurity software and services portfolio, actively marketing proprietary software solutions valued at over $50 million to a client base of over 600 services clients [4] - The company has established significant insurance partnerships to integrate its security offerings within financial assurance solutions [4]
CISO Global Enters Into a $15 Million Convertible Preferred Equity Facility to Fund Expansion Initiatives
Globenewswire· 2025-09-29 12:30
Core Viewpoint - CISO Global has entered into a private financing arrangement with B. Riley Securities, allowing the company to sell up to $15 million of convertible preferred stock to fund its growth initiatives, particularly in the cybersecurity software sector [1][4]. Financing Arrangement - The convertible preferred stock has a stated value of $1,000 per share, sold at a 4% discount, with no preferred return or dividends [2]. - The financing facility has an 18-month term, allowing CISO to draw funds at its discretion, starting with an initial increment of $2.3 million and up to $500,000 weekly, contingent on certain conditions [2][3]. - CISO retains full control over the timing and amount of sales, with no obligation to utilize the full $15 million available [2][3]. Use of Proceeds - Proceeds from the financing will be used to fund expansion initiatives, specifically scaling the cybersecurity software business in the insurance channel through a strategic relationship with CAGI [2]. Conversion Terms - The preferred stock is convertible into common stock at a price of 105% of the lowest daily VWAP over the five trading days prior to conversion for the initial draw, and 95% for subsequent draws, with a floor price of $0.40 [3]. - There are beneficial ownership caps and blocker provisions to comply with NASDAQ Listing Rules [3]. Management Commentary - The CEO of CISO Global emphasized that this investment is a significant step forward for the company, enabling accelerated growth and execution of its strategic vision [4]. - The CFO noted that the facility strengthens the company's balance sheet and positions it for financial strength [5]. Legal and Compliance - B. Riley Securities acted as the Sole Placement Agent, and legal counsel was provided by Greenberg Traurig, LLP for CISO and Lowenstein Sandler LLP for B. Riley [5].
CISO Global Achieves 108% Gross Profit Growth, 56% Net Loss from Operations Reduction, and Momentum from Strategic Partnerships
Globenewswire· 2025-08-15 12:30
Core Insights - CISO Global reported a significant profit growth of approximately 108% in total gross profit for the first half of 2025 compared to the same period in 2024, with gross margin expanding by over 137% due to a stronger mix of high-margin software revenue and operational efficiencies [1][2] - The company successfully reduced total current liabilities by approximately 30% prior to a recent $9 million debt-for-preferred equity exchange, enhancing its balance sheet [2] - CISO Global anticipates at least $10 million in software bookings for 2025, supported by partnerships with Cyber Assurance Group and Financial Independent Group, alongside projected services revenue of $35 million [2] Financial Performance - The financial discipline implemented by CISO Global is yielding measurable results, with rising margins, narrowing losses, and new revenue streams emerging from partnerships and warranty-backed software [2] - The CEO emphasized that the company's strategy is effective, highlighting the combination of high-margin software, nationwide distribution, and a $1.5 million cyber warranty as key components in building a more profitable and resilient enterprise [3] Company Overview - CISO Global, headquartered in Scottsdale, Arizona, is a leader in AI-powered cybersecurity software and compliance services, providing comprehensive solutions to protect organizations from cyber threats and ensure compliance [3]