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Cycurion, Inc. Offers Insight on Second Quarter 2025 Results and Recent Business Activities
Globenewswire· 2025-08-15 13:00
Core Viewpoint - Cycurion, Inc. reported a GAAP net loss of $0.15 per share for Q2 2025, but an adjusted net loss of approximately $0.04 per share after accounting for non-recurring expenses, indicating underlying performance improvement [2][17] Financial Performance - The company achieved net revenues of $3.89 million for Q2 2025, a decrease from $5.00 million in Q2 2024 [17] - Gross profit for Q2 2025 was $0.24 million, down from $1.02 million in the same quarter of the previous year [17] - Operating loss for Q2 2025 was $(3.77) million compared to an operating income of $0.73 million in Q2 2024 [17] - The net loss attributable to Cycurion for Q2 2025 was $(5.19) million, compared to a net income of $0.31 million in Q2 2024 [17] Strategic Developments - Cycurion successfully converted $3.5 million from debt to equity in Q2 2025, enhancing its financial position and reducing future interest obligations [2] - The company secured over $69 million in new contracts, including a $33 million contract renewal with a state-level public higher education group and a $22 million contract with a U.S. state police agency [3][4] - Cycurion is focusing on AI-driven solutions, particularly through its ARx platform and Cyber Shield offerings, to capture higher-margin opportunities in the cybersecurity sector [4] Market Positioning - The company has established strategic partnerships with organizations such as NACCHO, LSV-TECH S.A.S., and iQSTEL Inc., which strengthens its market presence and supports sustainable revenue growth [5] - Cycurion has a backlog of 18 months of scopes of work, which is expected to contribute positively to its revenue pipeline [4] Upcoming Events - A conference call is scheduled for August 19, 2025, to discuss the financial results and future plans, providing an opportunity for shareholders to engage with the company's management [1][6]
Cycurion Shines as Diamond Affiliate Partner at NACCHO Annual Conference, Showcasing High-Margin Cyber Shield Solution to Address Public Health Cybersecurity Challenges
Globenewswire· 2025-07-23 12:00
Keynote Session on Emerging Cybersecurity Threats MCLEAN, Va., July 23, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) ("Cycurion"), a leader in innovative, high-margin cybersecurity solutions, attended the National Association of County and City Health Officials (NACCHO) Annual Conference (NACCHO360), the leading public health conference in the United States. The conference, attended by over 3,000 representatives from city and county public health organizations, the Centers for Disease Control and ...
Cycurion, Inc. Announces Diamond Level Partnership with the National Association of County and City Health Officials (NACCHO) to Strengthen Cybersecurity for Local Health Departments
Globenewswire· 2025-07-10 12:00
Core Insights - Cycurion has announced a strategic partnership with NACCHO to provide its Cyber Shield Managed Security Services Platform to local health departments across the U.S. [1][3] - The partnership aims to enhance cybersecurity protections for public health organizations facing increasing cyber threats [3][4] - NACCHO represents over 3,300 local health departments, highlighting the significant market opportunity for Cycurion's services [6] Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI [4] - The company offers a range of services including vulnerability testing, email security, multi-factor authentication, and business continuity support [4] - Cycurion's ARx platform provides advanced security features such as Web Application Firewall and DDoS protection [4] Industry Context - Public health organizations face numerous cybersecurity challenges, including a shortage of trained professionals, evolving compliance requirements, and insufficient funding [2][4] - The NACCHO360 conference serves as a key event for local health department leaders to share best practices and learn about effective public health strategies [7]
IQSTEL and Cycurion (CYCU) Unveil Plans for AI-Powered Next-Generation Cybersecurity Platform, Targeting the Global Telecom Industry
Globenewswire· 2025-06-18 12:30
Core Viewpoint - Cycurion Inc. and IQSTEL Inc. are advancing their strategic partnership to develop customized cybersecurity solutions for the global telecom industry, entering an execution phase focused on product rollout and market deployment [1][2]. Group 1: Collaboration Details - The partnership includes six pillars of collaboration, focusing on advanced cybersecurity solutions for telecom carrier infrastructure to protect critical operations from breaches and operational risks [3]. - A white-label cybersecurity platform named "Cyber Shield" is being launched, allowing telecom operators to offer high-margin cybersecurity services to their customers, enhancing customer retention and creating new revenue streams [4]. - Cycurion is exploring the integration of IQSTEL's proprietary AI platform to optimize operational processes and enhance cybersecurity measures [5]. Group 2: AI and Cybersecurity Development - The companies are developing an AI-Powered Next-Generation Cybersecurity Platform, leveraging Cycurion's cybersecurity expertise and IQSTEL's AI technologies to create a proactive defense system tailored for telecom operators [5][9]. - The initiative aims to increase predictive protection and enhance adaptive response capabilities, allowing for intelligent, real-time countermeasures against evolving cyber threats [8]. Group 3: Market Opportunity - The global cybersecurity market is projected to exceed $500 billion by 2030, driven by digital transformation and increasing cyber threats, with the telecom sector requiring robust digital defenses [11]. - IQSTEL operates in over 20 countries and has established relationships with more than 600 telecom operators, positioning itself to deliver cybersecurity solutions on a global scale [12]. Group 4: Future Plans - A commercial launch of the joint products is planned for the second half of 2025, with teams aligning on product development and go-to-market strategies for a coordinated rollout [10].
IQST - IQSTEL and Cycurion (CYCU) Unveil Plans for AI-Powered Next-Generation Cybersecurity Platform, Targeting the Global Telecom Industry
Prnewswire· 2025-06-18 12:15
Core Viewpoint - IQSTEL Inc. and Cycurion Inc. are advancing their strategic partnership to develop customized cybersecurity solutions for the global telecom industry, entering the execution phase focused on product rollout and market deployment [1][2]. Group 1: Collaboration Details - The partnership includes six pillars of collaboration, focusing on advanced cybersecurity solutions for telecom carrier infrastructure to protect critical operations against breaches and operational risks [3]. - A white-label cybersecurity platform named "Cyber Shield" is being launched, allowing telecom operators to offer high-margin cybersecurity services to their customers, enhancing customer retention and creating new revenue streams [4]. - The integration of IQSTEL's proprietary AI platform into Cycurion's operations aims to optimize internal processes, reduce costs, and accelerate the execution of high-value contracts [8]. Group 2: AI and Cybersecurity Development - The companies are developing an AI-Powered Next-Generation Cybersecurity Platform, combining Cycurion's cybersecurity expertise with IQSTEL's AI technologies to create a proactive defense system tailored for telecom operators [5][10]. - The initiative aims to increase predictive protection, enabling the identification and neutralization of threats before they materialize, and enhance adaptive response with intelligent, real-time countermeasures [9]. Group 3: Market Strategy and Opportunities - A commercial launch is planned for the second half of 2025, with joint teams aligning on product development, packaging, and go-to-market strategies for a coordinated global rollout [11]. - The global cybersecurity market is projected to exceed $500 billion by 2030, driven by digital transformation and escalating cyber threats, with the telecom sector requiring robust digital defense solutions [12]. - IQSTEL's established presence in over 20 countries and relationships with over 600 telecom operators positions the company to deliver cybersecurity solutions at a global scale [13]. Group 4: Leadership Insights - Leandro Iglesias, CEO of IQSTEL, expressed confidence that the partnership will deliver significant value to telecom carriers and their customers [14]. - Kevin Kelly, CEO of Cycurion, highlighted the collaboration's potential to create intelligent, scalable solutions tailored for the telecom industry, leveraging AI expertise [14]. Group 5: Company Profiles - Cycurion Inc. specializes in data protection, threat management, and compliance solutions for various sectors, including telecom, aiming to empower organizations with adaptive security [15]. - IQSTEL Inc. provides advanced solutions across multiple sectors, forecasting $340 million in revenue for FY-2025 and targeting a $1 billion valuation by 2027 [16].
Cycurion, Inc. Partners with the Independent Colleges and Universities of Florida (ICUF) as a Preferred Vendor
Globenewswire· 2025-06-12 13:00
Core Insights - Cycurion has partnered with the Independent Colleges and Universities of Florida (ICUF) to provide cybersecurity services to 30 member institutions, enhancing their protection against cyber threats [1][2] - The partnership includes a webinar to introduce ICUF members to Cycurion's marquee Managed Security Service Provider (MSSP) solution, Cyber Shield, reflecting ICUF's commitment to providing leading cybersecurity resources [2] - Cycurion is a provider of IT cybersecurity solutions and AI, focusing on delivering secure and innovative services to various sectors, including government and healthcare [3] Company Overview - Cycurion, based in McLean, Virginia, specializes in cybersecurity, program management, and business continuity, utilizing its AI-enhanced ARx platform to safeguard client operations [3] - The company operates alongside subsidiaries such as Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., serving a diverse clientele [3] ICUF Overview - The Independent Colleges and Universities of Florida (ICUF) represents 30 private, nonprofit colleges and universities in Florida, established in 1965 to support access, affordability, and quality in higher education [4]