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Cycurion, Inc. Reports Q3 2025 Results and Strong Momentum Into Q4 2025 with Run-Rate Revenue Climbing to $4.2 Million in Q1 2026
Globenewswire· 2025-11-14 14:30
Core Insights - Cycurion, Inc. reported financial results for Q3 2025, highlighting revenue acceleration and a contract backlog exceeding $80 million, indicating strong future growth potential [1][2][3] Financial Performance - Revenue for Q3 2025 was $3.83 million, down 13.9% year-over-year from $4.45 million, with a total of $11.59 million for the nine months ended September 30, 2025, reflecting a 15.4% decline from $13.69 million [7] - Gross profit for Q3 2025 was $0.27 million, representing a 7.1% margin, while for the nine months, it was $1.18 million with a 10.2% margin [7] - The net loss for Q3 2025 was $3.24 million ($1.59 loss per share), and for the nine months, it totaled $18.78 million ($14.82 loss per share), impacted by merger-related costs [7] Strategic Investments - The company has made significant investments in talent and technology, resulting in elevated operating expenses of $19.58 million for the first nine months of 2025, which includes $11.24 million in non-recurring expenses [3][4] - These investments have led to a robust contract backlog of over $80 million, primarily from government contracts with agencies like the Department of Homeland Security and the U.S. Department of Defense [3] Future Outlook - The company forecasts a run-rate revenue of approximately $4.2 million for Q1 2026, with total forecasted revenue expected to reach an annual run rate of approximately $16.66 million [12] - A new contract with SLG Innovation, Inc. is projected to contribute $26,500 in November 2025, scaling to $283,042 monthly by January 2026, indicating a significant revenue increase [12]