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SCOTTSDALE, Ariz. - CISO Global, Inc. (NASDAQ: CISO), a company specializing in AI-powered security software, managed cybersecurity, and compliance, has announced a significant profitability milestone in its transition to a software-centered business model. With a current market capitalization of $5.27 million and impressive revenue growth of 34.87% over the last twelve months, the firm reported achieving unaudited Adjusted EBITDA positivity in the last quarter of 2024 and is on track for continued profitability. According to InvestingPro analysis, the stock appears undervalued at its current price of $0.44.
The company’s financial success has been attributed to a strategic realignment, which included the integration of 13 acquired service businesses and the implementation of operational efficiencies through its proprietary AI-driven security software. This shift towards a software-led approach has resulted in increased service delivery efficiency, reduced costs, and improved margins. InvestingPro data reveals the company maintains a gross profit margin of 12.98%, with analysts projecting continued sales growth for the current year. Subscribers can access 15+ additional ProTips and detailed financial metrics for deeper analysis.
CISO Global has also managed to pay off its highest interest term loan obligations, which has further strengthened its balance sheet and solidified its operating position. With total debt of $12.57 million as reported in recent filings, the company continues to manage its debt obligations carefully. CEO David Jemmett expressed that the company’s vision of a software-led business has been realized, with AI technology not just enhancing client cybersecurity outcomes but also driving financial efficiency.
Looking forward, CISO Global anticipates its services business to generate at least $34 million in adjusted EBITDA profitable revenue in 2025, with an additional $5 million expected from software-related bookings. The company’s software margins are projected to be around 75%, reinforcing its outlook for long-term profitability.
The company’s software sales pipeline is described as robust, with sales efforts targeting its existing customer base of over 500 clients and leveraging three established insurance partnerships. CFO Deb Smith highlighted the company’s financial discipline and strategic execution as key factors in transforming CISO Global into a profitable entity.
CISO Global continues to focus on innovation, operational excellence, and delivering top-tier cybersecurity solutions as it scales its operations. This news is based on a press release statement from CISO Global.
In other recent news, CISO Global has made significant strides in restructuring its financial framework by repaying high-interest loans and securing extensions on convertible notes totaling $7 million. This move is aimed at bolstering the company’s financial stability and enhancing cash flow. In a separate development, CISO Global is facing a potential delisting from Nasdaq due to not holding an annual shareholder meeting within the required timeframe, but the company has been given a 45-day period to submit a compliance plan. The firm has also announced changes to its Board of Directors, appointing three new members following an agreement with certain investors.
Additionally, CISO Global launched its new AI-driven cloud security solution, CISO Edge, designed to protect large enterprises and government agencies from advanced cyber threats. This product is part of their cybersecurity suite and has an independent valuation of $30 million. The company has also disclosed advancements in AI-powered security within Microsoft Azure and Amazon AWS ecosystems, enhancing asset management and threat detection capabilities. Furthermore, CISO Global has addressed concerns about stock volatility, clarifying that recent fluctuations are not due to insider selling and expressing confidence in its future growth and innovation potential.
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