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VIENNA, Va. - Castellum, Inc. (NYSE-American: CTM), a $77 million market cap company specializing in cybersecurity, electronic warfare, and software engineering for the federal government, announced today the appointment of Tanya Bassett as the new Vice President of Business Development and Capture Management. The company, which generated $46 million in revenue over the last twelve months, has shown strong market performance with a 248% return over the past year according to InvestingPro data. With over 28 years of experience in the industry, Bassett brings a wealth of knowledge and a track record of success in contract acquisition and growth to the CTM team. This appointment comes at a crucial time for Castellum, with the company’s next earnings report expected on March 17, as noted by InvestingPro, which rates the company’s overall financial health as "Fair" with a score of 2.4 out of 5.
Bassett’s career has been marked by her ability to secure new contracts and drive growth within the Department of Defense (DoD) programs. Her role at Castellum will involve working closely with Brooke Citrano, the Vice President of Business Development and Proposal Operations. The company expects that her leadership and expertise will contribute significantly to their business development strategies and help secure larger contract wins in the future.
Glen Ives, President and CEO of Castellum, expressed enthusiasm for Bassett’s appointment. "Tanya Basset is a proven, highly regarded professional and leader who knows how to grow our business and company in a competitive environment," Ives stated. The company believes that her addition to the senior leadership team will enhance their capabilities in capturing new opportunities and contracts.
Castellum’s focus remains on serving the federal government’s mission-critical requirements, and with Bassett’s appointment, they aim to build upon their recent business development successes. The company maintains a healthy current ratio of 1.11, indicating adequate liquidity to meet short-term obligations. For deeper insights into Castellum’s financial health and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
The information in this article is based on a press release statement from Castellum, Inc.
In other recent news, Castellum, Inc. secured a substantial $103.3 million contract with the Naval Air Systems Command (NAVAIR) for Special Missions Management of On-Site Services. This contract, the largest in Castellum’s history, is set to begin next month and will span five and a half years, covering various Intelligence, Surveillance, Reconnaissance, and Targeting programs. Meanwhile, Catena Media reported a 30% decline in revenue for Q4 2024, amounting to €10.2 million, although the company managed to increase its adjusted EBITDA by 2% to €1.5 million. North America was a major contributor, accounting for 87% of Catena’s revenue. Despite the revenue drop, Catena Media is targeting double-digit growth for 2025, with planned market entries in Missouri and Alberta. Catena’s CEO, Manuel Stan, noted improved profitability for the second consecutive quarter, though acknowledged ongoing challenges. The company also discontinued a joint venture in AI content generation, recovering €700,000 of its original investment.
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