Cycurion Closes Digital Ally Video Solutions Deal, Adding $5M+ Revenue and $1.2M+ EBITDA
CYCU has more than doubled off its 52-week low of $0.26 on elevated volume (3.9× avg).
Summary
Cycurion closed its acquisition of Digital Ally's video solutions business, adding over $5 million in annual revenue and more than $1.2 million in EBITDA. The deal pushes the company's annual revenue run rate to approximately $30 million, a significant jump for a firm with a market cap around $10.5 million. This follows a series of aggressive acquisitions in recent months, including Halo Privacy, HavenX, and Secuvant, as Cycurion rapidly scales its cybersecurity and technology portfolio. The added EBITDA is immediately accretive and strengthens the path toward profitability, though the company's going concern warning from May remains a key risk. The acquisition was not previously disclosed in the timeline, making this a fresh, material development.
At the time of this announcement, CYCU was trading at $0.82 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.5M. The 52-week trading range was $0.26 to $16.03. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.