Financial Data and Key Metrics Changes - In Q4 2025, revenue increased 10% year-over-year to $80 million, and non-GAAP earnings per share grew 19% to $0.32 [5][12] - For the full year 2025, revenue also grew 10% year-over-year, surpassing $300 million, with net income rising 37% to $51.5 million [12][18] - Adjusted EBITDA for Q4 2025 increased by 25% to $13.7 million, while for the full year, it rose by 37% to $47.4 million [16][18] Business Line Data and Key Metrics Changes - Cloud ARR rose 23% year-over-year to $95 million in Q4, demonstrating accelerated growth from 19% at the beginning of 2025 [6][13] - Subscription revenues surged 21% year-over-year, driven by strong demand for product subscriptions and defense products [9][12] - The defense products segment saw exceptional double-digit year-over-year growth in Q4 and for the full year of 2025 [9] Market Data and Key Metrics Changes - In the Americas, Q4 revenue declined 4% year-over-year to $32 million, while full-year revenue grew 6% to $125 million [14] - EMEA region saw a 38% year-over-year revenue increase in Q4 to $32 million, with full-year revenue growing 18% to $111 million [14] - APAC revenue declined 3% year-over-year to $16 million in Q4, but grew 5% for the full year to $66 million [14] Company Strategy and Development Direction - The company aims to gain market share in cloud security, lead through AI innovation, and expand its go-to-market footprint [5][11] - Recent acquisitions, such as Pynt, enhance the company's API security capabilities and support its growth strategy in the rapidly expanding market [8][19] - The introduction of the Agentic AI Protection solution positions the company at the forefront of securing AI applications, indicating a strategic focus on emerging technologies [9][31] Management's Comments on Operating Environment and Future Outlook - Management highlighted the increasing sophistication of cyberattacks and the necessity for AI-based security solutions [28][30] - The company expects strong demand to continue into 2026, with a robust pipeline across existing and new customers [9][19] - Guidance for Q1 2026 anticipates total revenue in the range of $78-$79 million, reflecting confidence from a solid backlog [19] Other Important Information - The company plans to increase investments in innovation and go-to-market initiatives in 2026 [15][19] - The effective tax rate for 2025 was 15.3%, with expectations to remain stable in the coming quarters [17] Q&A Session Summary Question: What drove the strength in RPO growth? - Management attributed the strength to strong bookings in both cloud and product subscriptions, expecting RPO growth to align with revenue growth in 2026 [23][25] Question: Update on the growth profile of the Americas? - Management noted strong bookings in North America and plans to increase investments in the region to support growth [25] Question: How is security positioned in relation to AI disruption? - Management emphasized the need for AI-based defense due to the increasing sophistication of attacks, positioning the company well in the market [28][30] Question: Changes needed for selling API and Agentic AI security solutions? - API security is integrated into the existing sales force, while a dedicated group is being formed for Agentic AI to navigate the new market [37][41] Question: Timing of product delivery relative to marketplace development? - Management believes the timing is favorable as enterprises are moving from proof of concept to production, with a strong offering ready to address security concerns [45][46]

Core Viewpoint - WISeKey's subsidiary WISeSat is set to launch its 21st LEO satellite in March 2026, aiming to enhance secure IoT communications through a constellation of satellites, integrating advanced technologies for a quantum-secure digital future [1][5][8]. Group 1: Launch and Collaboration - The upcoming satellite launch will be conducted in partnership with SpaceX from California, marking a significant milestone for WISeSat [1]. - WISeSat is collaborating with SEALSQ and SEALCOIN.AI to embed advanced technologies into the satellite platform, enhancing its capabilities for the space quantum internet [2][3]. Group 2: Technological Advancements - The new generation of WISeSat satellites will incorporate SEALSQ's Post-Quantum chips and SEALCOIN wallet, aiming to deliver high-speed, low-latency broadband services [3][5]. - Continuous satellite renewal is essential, with an average lifespan of five years, to integrate new technologies and improve performance [4]. Group 3: Market Strategy and Financial Aspects - WISeSat plans to list on NASDAQ through a business combination with Columbus Acquisition Corp, which is expected to provide capital for accelerating satellite deployment [5]. - The satellite network will enable secure device-to-device transactions for IoT devices equipped with WISeKey and SEALSQ microchips [5]. Group 4: Industry Impact and Future Plans - WISeSat aims to address the growing demand for secure IoT connectivity across various sectors, including logistics, agriculture, and energy, through its satellite-based architecture [6]. - Multiple satellite deployments are planned throughout 2026, focusing on expanding coverage, increasing bandwidth, and integrating AI-driven analytics for enhanced security [7][8]. Group 5: Leadership and Vision - Carlos Moreira, CEO of WISeKey, emphasized the importance of the new launch in securing IoT communications and addressing future security challenges [9][10]. - The integration of advanced technologies aims to redefine machine-to-machine transactions and support a scalable Transactional IoT infrastructure [10][11].

Core Viewpoint - WISeKey's subsidiary WISeSat is set to launch its 21 LEO satellite in March 2026 in collaboration with SpaceX, aiming to enhance secure IoT connectivity through a constellation of satellites that will support quantum-secure broadband services [1][5]. Group 1: Launch and Collaboration - The launch of the 21 LEO satellite is scheduled for the end of March 2026 from California with SpaceX [1]. - WISeSat is collaborating with SEALSQ Corp and SEALCOIN.AI to integrate advanced technologies into the satellite platform, enhancing its capabilities for the space quantum internet [2][3]. Group 2: Technological Innovations - The satellites will incorporate SEALSQ's Post-Quantum chip and SEALCOIN wallet, aiming to deliver high-speed, low-latency broadband services [3]. - Innovations from SEALSQ's quantum roadmap will be leveraged to improve security, performance, and operational efficiency of the satellite network [3]. Group 3: Deployment Strategy - The upcoming launch marks the first operational deployment of a new generation of WISeSat satellites, which will modernize the existing constellation [4]. - Continuous renewal of the satellite fleet is essential, with an average lifespan of approximately five years, to integrate new technologies and enhance performance [4]. Group 4: Market Access and Financial Strategy - WISeSat plans to list on NASDAQ through a business combination with Columbus Acquisition Corp, which is expected to provide access to capital markets and accelerate the deployment of its satellite constellation [5]. - This infrastructure will enable secure device-to-device connectivity for IoT devices equipped with WISeKey and SEALSQ microchips [5]. Group 5: Industry Impact and Future Plans - WISeSat aims to address the growing demand for secure, real-time connectivity across critical sectors such as logistics, agriculture, energy, and infrastructure management [6]. - Multiple deployments are planned throughout 2026 to expand constellation coverage, increase bandwidth, and integrate AI-driven analytics for enhanced security [7]. Group 6: Commitment to Security and Sustainability - The WISeSat IoT satellite constellation is positioned to play a critical role in creating a more resilient and secure future amid evolving cyber and environmental challenges [8]. - The integration of satellite data with advanced climate models is expected to enhance understanding and strategies to combat climate change [13].

Core Viewpoint - Sekur Private Data is focused on achieving cash flow neutrality while addressing increasing cyber threats and privacy concerns in the digital landscape [1] Group 1: Market Opportunities - The company identifies significant market opportunities in the cybersecurity and privacy communications sector, driven by rising digital vulnerabilities [1] Group 2: Product Advancements - Sekur is advancing its product offerings to enhance security measures for individuals, businesses, and government entities [1] Group 3: Strategic Initiatives - The company is implementing strategic initiatives aimed at reaching its goal of cash flow neutrality [1]

Company Enhances Organizational Agility to Meet Evolving Cybersecurity DemandsMCLEAN, Va., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions, today announced a strategic business reorganization that will streamline operations, enhance organizational agility, and position the Company for long-term growth. This operational realignment aims to better position the Company’s resources with its core mission of delivering s ...

Core Insights - Rapid7, Inc. announced the winners of its 2026 Partner of the Year Awards, recognizing partners for excellence in enhancing customer security programs and building cyber resilience [1][2] Partner Recognition - A total of 28 partners were recognized across 12 categories in four major geographic regions [2] - The awards highlight the shift from reactive to proactive security approaches facilitated by partners [2] Regional Winners North America - CDW was named North American Partner of the Year, reflecting a commitment to impactful security outcomes [4] - Other notable winners include ThunderCat Technology (Best Customer Retention Partner), SHI (Cloud Security Partner and Exposure Management Partner), GuidePoint Security (Detection & Response Partner), Carahsoft (Distributor of the Year), Novawatch (MSSP Partner), Softchoice (Emerging Partner), and CDW•G (Public Sector Partner) [7] Latin America - Netconn received the Latin America Partner of the Year award, emphasizing the importance of the Rapid7 platform in enhancing customer maturity and strategic decision-making [4] EMEA - Saepio was recognized as EMEA Partner of the Year, highlighting a long-standing partnership with Rapid7 that has delivered critical security outcomes [5] APJ - Orro was named APJ Partner of the Year, focusing on the joint efforts in Continuous Threat Exposure Management to help customers operationalize security measures [6] Company Overview - Rapid7 is a leader in AI-powered managed cybersecurity operations, serving over 11,500 customers globally [8] - The Rapid7 Command Platform integrates security data with AI and threat intelligence to enhance cyber resilience [8]

Core Insights - Palo Alto Networks has completed the acquisition of CyberArk, positioning Identity Security as a key component of its platform strategy [1] - The acquisition aims to enhance security for human, machine, and AI identities, addressing the growing threat landscape where machine identities outnumber human identities by over 80 to 1 [1] - CyberArk's solutions will remain available as a standalone platform while being integrated into Palo Alto Networks' security ecosystem [1] Company Strategy - The acquisition is part of Palo Alto Networks' strategy to secure every identity within enterprises, as identity has become the primary attack vector in modern cybersecurity [1] - The integration of CyberArk's capabilities is expected to democratize privileged access, reducing standing privileges and limiting lateral movement to mitigate identity-based attacks [1] - Palo Alto Networks plans to dual-list on the Tel Aviv Stock Exchange (TASE) under the ticker "CYBR," further solidifying its commitment to the Israeli market and its R&D center [1] Market Context - Nearly 90% of organizations have experienced identity-centric breaches, highlighting the urgency for enhanced identity security measures [1] - The acquisition is anticipated to accelerate breach response times by up to 80% for companies utilizing identity-driven security controls [1] - The move reflects the increasing importance of identity security in the context of cloud, automation, and AI advancements [1]

Core Insights - Radware achieved record revenue and earnings in 2025, driven by growth in cloud security and advanced protection solutions [2][3][7] Financial Performance - Fourth quarter revenue reached $80.2 million, a 10% increase year-over-year, while full year revenue totaled $301.9 million, also up 10% from 2024 [3][7] - GAAP net income for Q4 2025 was $6.0 million ($0.13 per diluted share), compared to $2.5 million ($0.06 per diluted share) in Q4 2024 [3][19] - Non-GAAP net income for Q4 2025 was $14.5 million ($0.32 per diluted share), up from $11.9 million ($0.27 per diluted share) in Q4 2024 [4][21] - Full year GAAP net income was $20.3 million ($0.45 per diluted share), compared to $6.0 million ($0.14 per diluted share) in 2024 [3][19] - Full year non-GAAP net income was $51.5 million ($1.15 per diluted share), an increase from $37.7 million ($0.87 per diluted share) in 2024 [4][21] Cash Flow and Assets - As of December 31, 2025, the company had cash and cash equivalents totaling $460.6 million [5] - Cash flow from operations was $17.3 million in Q4 2025 and $50.1 million for the full year [5][24] Regional Revenue Breakdown - Revenue in the Americas for Q4 2025 was $31.6 million, a decrease of 4% from Q4 2024, while full year revenue was $124.5 million, an increase of 6% [8] - EMEA region revenue for Q4 2025 was $32.2 million, up 38% from Q4 2024, with full year revenue at $111.3 million, an 18% increase [8] - APAC region revenue for Q4 2025 was $16.4 million, a decrease of 3% from Q4 2024, while full year revenue was $66.1 million, a 5% increase [8] Key Performance Indicators - Cloud Annual Recurring Revenue (ARR) approached $100 million, reaching $95.2 million, a 23% increase year-over-year [2][7] - Total ARR was $251.0 million, an 11% increase year-over-year [7]

Core Insights - Sophos has acquired Arco Cyber to enhance its cybersecurity offerings and provide AI-powered security insights to businesses through its global partner network [1][2] Group 1: Acquisition Details - The acquisition price of Arco Cyber remains undisclosed [1] - This move is part of Sophos' broader strategy to improve cyber risk management and governance across organizations, regardless of their security maturity [2] Group 2: Arco Cyber's Technology - Arco Cyber has developed a cloud platform that collects and correlates data from various security systems, providing organizations with visibility into effective controls and identifying areas of exposure [3] - The platform highlights priorities for remediation relevant to business and risk outcomes [3] Group 3: Strategic Alignment - The acquisition aligns with Sophos' CISO Advantage initiative, which aims to equip managed service providers (MSPs) and managed security service providers (MSSPs) with tools for delivering executive-level oversight as a service [4] - Arco Cyber's CEO emphasized the mission to help organizations transition from assumption to proof in cybersecurity [4] Group 4: Integration and Impact - Following the acquisition, Sophos plans to integrate Arco Cyber's technology and team into its central platform, Sophos Central, to enhance continuous security assurance, risk mapping, and compliance monitoring for partners [5] - The integration aims to support decision-making at the executive level by validating the effectiveness of security controls and aligning them with risk and compliance frameworks [6] Group 5: Role of MSPs and MSSPs - With enhanced capabilities, MSPs and MSSPs are positioned to deliver cybersecurity services at scale, translating technical insights into actionable steps for organizations [7] - Sophos intends for these providers to evolve from technical operators to strategic advisors for clients' cybersecurity needs [7]

Industry Overview - Cybersecurity is gaining significant attention as companies transition to cloud operations and the demand for cybersecurity solutions is driven by the AI revolution and sophisticated attacks [1][2] - Spending on cybersecurity is increasing due to new security challenges and the widespread adoption of cloud computing and remote work, bolstering investor sentiment in the sector [2] - The WSJ Pro Cyber Index, which tracks the performance of the 20 largest cybersecurity companies, rose by 27% in 2025, with a peak increase of 54%, outperforming the broader equity market [3] Future Outlook - Cyber demand is expected to remain strong in 2026, aligning with broader IT budgets as organizations consolidate vendors to enhance ROI, favoring larger platform vendors [4] - Analysts anticipate more AI-related acquisitions in 2026 as companies invest in generative AI tools to improve threat detection and response times [4][5] Company Highlights Tenable Holdings, Inc. (NASDAQ:TENB) - Tenable reported a 5-year sales growth of 20.48% and has 32 hedge fund holders [9] - In Q4 2025, revenue increased by 11% year-over-year to $260.5 million, with full-year revenue also up 11% to $999.4 million [10] - The company added 502 new enterprise platform customers and announced a $150 million share repurchase program [12] Rapid7 Inc. (NASDAQ:RPD) - Rapid7 achieved a 5-year sales growth of 20.89% and has 34 hedge fund holders [14] - The company reported Q4 2025 earnings per share of $0.44, exceeding expectations, with revenue of $217.39 million [14] - For 2026, Rapid7 expects Q1 revenue of $207–209 million and full-year revenue of $835–843 million, with a focus on operational efficiency and platform consolidation [16]