Financial Performance - Total revenue decreased by $1.2 million to $15.8 million for the six months ended June 30, 2024, compared to the same period in 2023[91] - Total gross profit increased to $1.6 million for the six months ended June 30, 2024, compared to a loss of $0.2 million for the same period in 2023[91] - Gross profit percentage improved to 10.4% for the six months ended June 30, 2024, compared to (1.4%) for the same period in 2023[91] - Net loss from continuing operations improved to $10.5 million for the six months ended June 30, 2024, compared to $50.4 million for the same period in 2023[91] - Total loss before income taxes improved by $39.8 million to $(10.5) million for the six months ended June 30, 2024, compared to $(50.4) million for the same period in 2023[98] Revenue Breakdown - Security managed services revenue decreased by $483,962, or 6%, for the three months ended June 30, 2024, primarily due to lower hardware and software sales[93] - Cybersecurity software revenue increased by $95,874, or 100%, for the three months ended June 30, 2024, due to the initial launch of new cybersecurity software products[93] Operating Expenses - Total operating expenses decreased by $18.6 million to $5.2 million for the three months ended June 30, 2024, compared to $23.7 million for the same period in 2023[92] - Stock-based compensation expenses decreased by $862,319, or 41%, for the three months ended June 30, 2024, due to various factors including a decline in share price[97] - Professional fees decreased by $1,249,378, or 61%, for the six months ended June 30, 2024, compared to the same period in 2023[102] - Advertising and marketing expenses decreased by $120,861, or 79%, for the six months ended June 30, 2024, compared to the same period in 2023[102] - Selling, general, and administrative expenses decreased by $1,930,736, or 20%, for the six months ended June 30, 2024, compared to the same period in 2023[102] - Stock-based compensation expenses decreased by $3,384,272, or 59%, for the six months ended June 30, 2024, compared to the same period in 2023[103] - Impairment of goodwill decreased by $31,776,820, or 100%, for the six months ended June 30, 2024, compared to the same period in 2023[103] Cash Flow and Funding - The company incurred a net loss of $15,046,075 and negative cash flows from operations of $2,679,622 for the six months ended June 30, 2024[104] - As of June 30, 2024, the company had $291,190,324 of available funding under its Shelf Registration Statement[105] - The working capital deficit increased to $(19,047,707) as of June 30, 2024, compared to $(9,404,568) as of December 31, 2023[106] - Net cash used in operating activities was $2,679,622 for the six months ended June 30, 2024, compared to $5,318,960 for the same period in 2023[109] - Net cash provided by financing activities was $3,068,338 for the six months ended June 30, 2024, compared to $5,493,207 for the same period in 2023[111] Internal Controls and Compliance - As of June 30, 2024, the company's disclosure controls and procedures were evaluated as effective by the principal executive officer and principal financial officer[129] - There have been no changes in internal control over financial reporting that materially affected the company during the quarter ended June 30, 2024[129] - The company maintains disclosure controls designed to provide reasonable assurance for timely reporting of required information[128] - Management recognizes that disclosure controls can only provide reasonable, not absolute, assurance of achieving control objectives[128] - The report includes various certifications related to the principal executive and financial officers[136] Legal and Risk Factors - The company is currently not a party to any material legal proceedings[130] - There have been no material changes from the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2023[131] - No directors or officers adopted or terminated any trading agreements during the quarter ended June 30, 2024[135] - The company has not reported any defaults upon senior securities[133]

This incident, resulting from a faulty update to CrowdStrike's Falcon Sensor V6.58, caused widespread disruptions by triggering a Blue Screen of Death (BSOD) on thousands of Windows machines globally. CISO Global's solution was developed after the Incident Response team studied affected networks and offers a clear path to recovery for those affected. CISO is deploying this successfully to affected customers. Alternatively, for advanced users: About CISO Global: Step-by-Step Solution to Resolve BSOD Issue: S ...

1. Boot into Safe Mode or Windows Recovery Environment: Restart your computer and repeatedly press the F8 key (or Shift+F8) before Windows starts to enter Safe Mode or use the Windows Recovery Environment. 2. Navigate to the CrowdStrike Directory: Once in Safe Mode or Recovery Environment, open File Explorer and go to C:\Windows\System32\drivers\CrowdStrike. 3. Delete the Faulty File: Locate the file named C-00000291*.sys and delete it. 4. Reboot the System Normally: Restart your computer normally. The issu ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value CISO The Nasdaq Stock Market LLC Non-accelerated filer ☒ Smaller reporting company ☒ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☐ Accelerated filer ☐ Emerging growth company ☒ Accounts receivable are reported at their outstanding unpaid principal balances, net of allowances for credit losses. We periodically assess our accounts and other receiv ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value CISO The Nasdaq Stock Market LLC ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 6900 E. Camelback Road, Suite 900, Scottsdale, AZ 85251 (Address of Principal Executive Offices) (Zip Code) Securities registered pursuant to Section 12(g) of the Act: Common Stock, par va ...

Scottsdale, Ariz., March 21, 2024 (GLOBE NEWSWIRE) -- CISO Global, Inc . (NASDAQCM: CISO), an industry leader in proprietary software, managed cybersecurity, and compliance, announced today that CRN®, a brand of The Channel Company, has named CISO Global to its Managed Service Provider (MSP) 500 list in the Security 100 category for 2024. The MSP 500 list compiled by CRN serves as a comprehensive guide to identifying and recognizing the top Managed Service Providers (MSPs) in North America. MSPs play a cruc ...

Following highest annual revenue in Company history, and $3.5 million in bank financing, Company anticipates achieving Adjusted EBITDA positive by 2H 2024   Scottsdale, Ariz., March 13, 2024 (GLOBE NEWSWIRE) -- CISO Global (NASDAQCM: CISO), an industry leader as a managed cybersecurity, compliance and proprietary software provider, is announcing preliminary estimated financial information as of and for the fiscal year ending December 31, 2023. These estimated results are being announced ahead of the filing ...

Scottsdale, Ariz., March 06, 2024 (GLOBE NEWSWIRE) -- CISO Global (NASDAQCM: CISO), an industry leader as a managed cybersecurity and compliance provider, will proceed with the 1-for-15 reverse stock split approved by CISO shareholders at the annual meeting held December 14, 2023. The reverse stock split will become effective after the close of trading on March 7, 2024. CISO outstanding common stock will begin trading on a split-adjusted basis on March 8, 2024; whereby every fifteen (15) shares of the par v ...

Scottsdale, Ariz., Feb. 27, 2024 (GLOBE NEWSWIRE) -- CISO Global (NASDAQCM: CISO), an industry leader as a managed cybersecurity and compliance provider, has named Brett Chugg to its Board of Directors. With the appointment of tech veteran Chugg, CISO Global is well positioned for its next stage of growth underpinned by its software-first product platform strategy. Chugg most recently served as senior managing director at Koch Disruptive Technologies, a venture and growth equity investment group at Koch Ind ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 001-41227 CISO GLOBAL, INC. (Exact name of registrant as specified in its charter) (State or other Jurisdiction of Inc ...