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]

Group 1: Travelers Companies, Inc. (TRV) - The company is an insurance services provider with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its next year earnings has increased by 7.9% over the last 60 days [1] - The price-to-earnings ratio (P/E) is 11.46, lower than the industry average of 12.90, and it has a Value Score of A [1] Group 2: Par Pacific Holdings, Inc. (PARR) - The company operates in the energy and infrastructure sector and holds a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has surged by 100.6% over the last 60 days [2] - The price-to-earnings ratio (P/E) is 9.57, slightly below the industry average of 9.70, and it has a Value Score of A [2] Group 3: CI&T Inc. (CINT) - The company specializes in strategy, design, and software engineering services, also holding a Zacks Rank of 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 3.3% over the last 60 days [3] - The price-to-earnings ratio (P/E) is 14.84, significantly lower than the S&P 500 average of 24.74, and it has a Value Score of A [3]

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].

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].

Core Viewpoint - Castellum, Inc. has successfully retired its promissory note with the Buckhout Charitable Remainder Trust 15 months ahead of schedule, marking a significant improvement in its financial position and balance sheet leverage [1][5]. Financial Performance - The retirement of the note signifies a milestone in reducing the financing burden from the acquisition of Corvus Consulting, LLC, with total long-term debt decreasing from over $12 million in December 2023 to less than $5 million [2]. Company Overview - Castellum, Inc. operates in the cybersecurity, electronic warfare, and software engineering services sectors, primarily focusing on the federal government [3].

Group 1 - Castellum, Inc. will participate in the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow" hosted by Maxim Group LLC from June 3rd to June 5th at 9:00 a.m. EDT [1][4] - The conference will focus on the rapid evolution of technology and its disruptive impact across various industries, including healthcare, drones, consumer IoT, business solutions, and gaming & entertainment [2] - Emerging growth companies will discuss their advancements in Quantum Computing and Artificial Intelligence (AI) to prepare for future opportunities [2] Group 2 - Glen Ives, the CEO of Castellum, Inc., has been invited to present at the conference, highlighting the company's focus on cybersecurity, electronic warfare, and software engineering services for the federal government [4] - Maxim Group LLC is a full-service investment banking and wealth management firm that provides a range of financial services, including investment banking and equity research [5]

Core Points - Castellum, Inc. is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government [5][6] - The 2025 Annual Meeting of stockholders is scheduled for May 28, 2025, at 10:00 a.m. Eastern Time [1][5] - Stockholders of record as of March 21, 2025, are entitled to notice and vote at the meeting [1][5] Meeting Details - The meeting will take place at the offices of Pillsbury Winthrop Shaw Pittman LLP in Tysons, VA, and will be conducted both in person and virtually via live audio conference [2] - Stockholders can access the live audio conference call by dialing 1 (800) 715-9871 or 1 (646) 307-1963, with the conference identification number being 9842123 [2] Post-Meeting Activities - After the meeting, Castellum's management will conduct an informal presentation followed by a Q&A session [3] - A copy of the informal presentation will be available on the company's website under the "Investor" tab [3]