Core Insights - Cycurion, Inc. has reported a successful year in 2025 with a contracted backlog of $80 million and plans to expand its AI-powered cybersecurity business in 2026 [1][2] Company Achievements - Cycurion was recognized in MSSP Alert's 2025 Top 250 MSSPs List, ranking No. 116, marking its first evaluation for this prestigious recognition [3] - The company announced a pro-rata dividend of $500,000 in common shares for existing shareholders, with a distribution ratio of 0.0080 per share [4] - Cycurion entered into a securities purchase agreement for 1,657,460 shares at $3.62 per share, generating approximately $6 million in gross proceeds [5] - The company was awarded a position on the State of Florida's Management Consulting Services State Term Contract, allowing it to provide consulting services to state agencies [6] Financial Performance - For Q3 2025, Cycurion reported revenue of $3.83 million, a decrease of 13.9% year-over-year, and $11.59 million for the nine months ended September 30, 2025, down 15.4% year-over-year [9] - Gross profit for Q3 2025 was $0.27 million, reflecting a 7.1% margin, while the nine-month gross profit was $1.18 million with a 10.2% margin [9] - Total assets increased by 26.4% to $32.31 million, with cash rising to $3.65 million from $0.04 million at year-end 2024 [10] Future Projections - Cycurion forecasts a run-rate revenue of approximately $4.17 million for Q1 2026, translating to an annual run rate of about $16.66 million [12] - The company expects significant revenue growth from new contracts, including a forecasted increase in monthly contributions from a new SLG contract [11] - Cycurion is actively expanding its partnerships with federal and state agencies, enhancing its role in the cybersecurity landscape [16]
Cycurion Closes Transformative 2025 with $80 Million Contracted Backlog and Book Value of $2.00 Per Share – Accelerating into 2026
Globenewswire·2025-12-30 13:45