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MCLEAN, Va. - Cybersecurity provider Cycurion, Inc. (NASDAQ:CYCU), currently valued at $8.66 million in market capitalization, announced on Wednesday that it has secured new multi-year contracts totaling $69 million with terms ranging from 1-5 years, separate from its existing revenue-generating business. According to InvestingPro data, the company faces significant financial challenges with a weak overall financial health score.
The company reported that only a small portion of this contracted backlog has translated into revenue thus far, citing typical delays between contract signing and service delivery. Customer-side deferrals have also impacted work commencement, according to the company’s statement.
Cycurion is currently operating at a $16 million annualized revenue run rate, which it described as a "fundamental trough." The company indicated it expects to return to revenue growth and positive adjusted EBITDA in coming quarters.
"We strongly believe the combination of our positive, high confidence 2026 outlook underpinned by our contracted backlog added to what we believe is a vacuum of institutional support has resulted, in what we believe, is a severe mispricing of the stock," said Chairman and CEO Kevin Kelly in the press release.
The McLean, Virginia-based firm also highlighted partnerships with iQSTEL and LSV Tech, as well as an association with NAACHO that provides access to approximately 3,500 state and local healthcare associations.
Cycurion provides IT cybersecurity solutions through its AI-enhanced ARx platform and operates subsidiaries including Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., serving government, healthcare, and corporate clients.
The information in this article is based on a press release issued by Cycurion. Trading at $0.28 per share after a 97% decline year-to-date, InvestingPro analysis suggests the stock may be undervalued. Subscribers to InvestingPro can access 12 additional key insights about Cycurion’s financial health and growth prospects.
In other recent news, IQSTEL Inc. reported a preliminary revenue of approximately $35 million for July 2025, surpassing its $400 million annualized revenue run rate ahead of schedule. The company aims to maintain this revenue level through the second half of the year to achieve its $340 million full-year revenue target. Meanwhile, Cycurion Inc. has authorized 10,000 shares of Series G Convertible Preferred Stock, granting holders voting rights on an as-if-converted-to-common-stock basis. Additionally, Cycurion finalized the acquisition of a 51% equity stake in SLG Innovation, involving a $2 million prepaid deposit and other financial arrangements. Cycurion also secured over $8 million in new cybersecurity contracts, including a significant $6 million deal with a municipal transportation agency. Furthermore, IQSTEL and Cycurion are advancing their partnership to develop cybersecurity solutions for the telecommunications industry, including a "Cyber Shield" platform. These developments reflect ongoing strategic moves by both companies in their respective fields.
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