Core Viewpoint - Castellum, Inc. has been re-awarded a $49.8 million contract for Software Support Activities by its subsidiary Specialty Systems, Inc. to support the Naval Air Warfare Center Aircraft Division, marking a significant achievement in the company's history [1][2][4]. Group 1: Contract Details - The contract is a five-and-a-half-year agreement focused on Software Support Activities for mission-critical naval systems, including the Electromagnetic Aircraft Launch System and Advanced Arresting Gear [1][6]. - This award represents the fourth-largest contract in Castellum's history and is the third consecutive win for SSI on the NAWCAD LKE Contract [2][6]. Group 2: Company Performance and Strategy - Castellum's CEO highlighted the company's focus on organic growth and successful competition for major contracts, achieving a perfect record in securing all three of their targeted prime contract opportunities [4][5]. - The company reported over $219 million in major prime contract wins in the past year, emphasizing its commitment to supporting national security missions [4][5]. Group 3: Future Outlook - Castellum is positioned for continued strong growth, supported by a healthy balance sheet and a dedicated team, as it aims to provide leading-edge technology services and solutions [5][6].

Core Viewpoint - Castellum, Inc. has experienced a transformative year in 2025, moving from significant debt and insufficient cash flow to a position of confidence and potential for strong growth, with stock performance improving significantly from below $0.20 to a more favorable standing [3][12]. Company Performance and Achievements - The company has not only overcome previous financial challenges but has also achieved key accomplishments over the past year, indicating a shift towards a more stable and successful operational model [4][6]. - Castellum emphasizes a culture of "sustained excellence," inspired by military principles, which has contributed to its successful year and ongoing commitment to its mission customers [6][11]. Leadership and Team - The CEO expresses gratitude towards the team and acknowledges the contributions of key personnel, particularly the General Counsel and Chief Strategy Officer, who played a significant role in building the company [7]. - The leadership philosophy is rooted in military values, fostering a competitive and dedicated environment that drives the company's success [5][6]. Future Strategy - Looking ahead to 2026, Castellum plans to focus on organic growth, winning prime contracts, and investing in solutions and products to enhance capabilities for national security customers [8][9]. - The company aims to build a resilient business with diversified customers and scalable technology solutions, emphasizing growth not just for size but to increase opportunities and long-term shareholder value [10][11].

Core Insights - Castellum, Inc. achieved its first-ever quarterly GAAP net income in Q3 2025, marking a significant milestone for the company [1][5][7] - The company reported record revenue and improved operating performance, alongside a strong cash position and further debt reduction [1][4][5] Financial Performance - Q3 2025 revenue reached $14.6 million, an increase from $14.0 million in Q2 2025 and $11.6 million in Q3 2024, representing the third consecutive quarter of year-over-year organic revenue growth [2][5] - Operating profit for the quarter was $0.4 million, a turnaround from an operating loss of $(0.4) million in Q2 2025 and $(7.3) million in Q3 2024, reflecting improved cost discipline and operating leverage [3][5] - Adjusted EBITDA for the quarter was $1.1 million, excluding non-cash and one-time items [3] Cash and Debt Management - Castellum ended Q3 2025 with a record cash balance of $17.8 million, up from $14.7 million at the end of Q2 2025, demonstrating strong liquidity management [4][5] - Total debt was reduced to $2.4 million during the quarter, enhancing the company's financial flexibility [4][5] Management Commentary - The CFO highlighted the company's commitment to disciplined operating performance and cash management, which has led to its best performance and balance sheet strength to date [6] - The CEO emphasized the importance of long-term growth through strategic investments and maintaining positive cash flow, while also achieving net income this quarter [7]

Core Points - Castellum, Inc. has been awarded a $66.2 million contract for logistics, engineering, and cyber support services for the Naval Air Warfare Center Aircraft Division, marking its first full and open prime contract win without small-business set-aside restrictions and the second-largest contract in the company's history [1][2][3] Group 1: Contract Details - The awarded contract is a five-year agreement aimed at supporting the Mission Operations & Integration Department at NAWCAD Lakehurst, which is responsible for Navy Aircraft Platform Support Equipment and Aircraft Launch Recovery Equipment [1][3] - Specialty Systems, Inc. will provide services related to logistics, engineering, and cyber work products for aircraft carriers and air-capable ships [1][3] Group 2: Company Strategy and Performance - The contract win reflects the effectiveness of Castellum's strategy to focus on full and open opportunities as it transitions to a larger business model [4] - Castellum has secured two major prime contracts in the past seven months, including a $103 million contract announced in February, indicating strong growth and competitiveness in the market [5] Group 3: Leadership and Team Recognition - The leadership at Castellum emphasizes the dedication and skills of its professionals, attributing the contract win to their hard work and commitment to providing world-class service [6] - The company expresses confidence in its team and the positive impact of these contracts on its mission capabilities and overall business growth [5][6]

Core Insights - Castellum, Inc. has announced that its subsidiary Specialty Systems, Inc. has added Special Item Number 54151S to a new GSA Multiple Award Schedule contract, enabling it to bid on competitive contracts for information technology professional services [1][2] Group 1: Company Developments - The addition of SIN 54151S allows Specialty Systems, Inc. to onboard its joint venture with Epic Systems, Inc. to the GSA MAS, enhancing its competitive position in the federal market [1] - Castellum is implementing a strategy to compete for more full and open opportunities as a large business while maintaining access to small business set-asides through mentor-protégé joint ventures [2] - The company can now respond to Requests for Quotations and Requests for Proposals specifically tied to SIN 54151S, which is a prerequisite for leveraging joint venture agreements on the GSA MAS schedule [2] Group 2: Company Overview - Castellum, Inc. is focused on cybersecurity, electronic warfare, and software engineering services for the federal government [3]

Core Viewpoint - Castellum, Inc. has successfully raised approximately $4.5 million through the exercise of stock warrants, reflecting strong investor confidence in the company's business strategy and growth initiatives [1][2][4]. Group 1: Financial Highlights - Castellum announced that investors exercised a total of 3,673,666 warrants, resulting in gross proceeds of $4,481,873 [1][4]. - The exercise price for the warrants was set at $1.22 per share, and the warrants were set to expire on August 12, 2025 [1][2]. Group 2: Management Commentary - David Bell, Chief Financial Officer, emphasized that the raised capital will enable the company to continue investing in growth initiatives [2]. - Glen Ives, President and CEO, stated that the new capital strengthens the company's balance sheet and positions it for strong momentum heading into 2026 [2]. Group 3: Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily focusing on the federal government [1][4].

Core Viewpoint - Castellum, Inc. reported record financial results for Q2 2025, showcasing significant revenue growth, improved operating performance, increased cash reserves, and a notable reduction in debt [1][5][6]. Financial Performance - Revenue for Q2 2025 reached $14.0 million, marking a 19.7% increase from $11.7 million in Q1 2025 and a 21.7% increase from $11.5 million in Q2 2024, indicating two consecutive quarters of year-over-year organic revenue growth [2]. - The operating loss for the quarter narrowed to $(0.4) million, an improvement from $(1.1) million in Q1 2025 and $(6.0) million in Q2 2024, reflecting cost discipline and increasing operating leverage [4]. - Castellum generated $0.5 million of adjusted EBITDA, excluding non-cash and one-time items [4][13]. Debt Management - The company reduced total debt by $3.7 million during the quarter, enhancing its balance sheet and financial flexibility [3][6]. Cash Position - Castellum ended the quarter with a record cash balance of $14.7 million, up from $13.3 million at the end of Q1 2025, reinforcing its commitment to liquidity and prudent capital management [5].

Core Viewpoint - Castellum, Inc. has successfully reduced its debt, demonstrating a strong commitment to financial health and strategic growth in the cybersecurity and electronic warfare sectors focused on the federal government [1][2][3]. Group 1: Debt Reduction - Castellum has reduced the principal balance on a note payable to Robert Eisiminger by $2 million, leaving an aggregate principal balance owed of $2 million [1][5]. - The company's total long-term debt is now less than $3 million, a significant improvement from the previous year [2]. Group 2: Financial Strategy and Growth - The ongoing debt reduction plan is strengthening Castellum's balance sheet and supports its commitment to organic growth [3]. - The company is well-positioned to make timely investments to enhance its business development capabilities and secure major prime contracts [3].

Geopolitical Risk - Russia has increased its electronic warfare capabilities near the Estonian border [1]

Core Viewpoint - Castellum, Inc. has successfully closed a public offering of 4,166,667 Units at a price of $1.20 per Unit, raising approximately $5.0 million in gross proceeds for working capital and general corporate purposes [1][2][3]. Group 1: Offering Details - The public offering consisted of Units, each comprising one share of common stock and one warrant to purchase one share of common stock [1]. - The warrants are immediately exercisable at a price of $1.22 per share and will expire 60 days from the date of issuance [1]. - The shares of common stock and warrants are immediately separable and were issued separately [1]. Group 2: Financial Information - Gross proceeds from the offering are approximately $5.0 million before deducting placement agent fees and offering expenses [2]. - The net proceeds will be utilized for working capital and general corporate purposes [2]. Group 3: Regulatory Information - A shelf registration statement on Form S-3 relating to the securities was previously filed with the U.S. Securities and Exchange Commission (SEC) [3]. - The offering was conducted under a preliminary prospectus supplement and an accompanying prospectus that have been filed with the SEC [4].