Cycurion CEO Projects $30M+ Run-Rate, Scraps Reverse Split Plan
CYCU is trading near its 52-week low of $0.397 (13% above the low).
Summary
CEO Kevin Kelly disclosed in a new shareholder video that Cycurion expects to exit the year with a revenue run-rate exceeding $30 million, double the prior year's $15 million. The company also reversed course on a planned reverse stock split, citing investigative findings that it would not benefit shareholders. This follows a flurry of recent acquisitions and legal actions against alleged market manipulators. The revenue jump signals integration of deals like Digital Ally is gaining traction, though the micro-cap stock remains highly speculative. The scrapped reverse split removes a near-term overhang but leaves Nasdaq compliance unresolved.
At the time of this announcement, CYCU was trading at $0.45 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1M. The 52-week trading range was $0.40 to $16.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.