Earnings ·
Castellum reports Q3 revenue of $14.7M and a $254.5M backlog
CTMCastellum, Inc.
Castellum reported third-quarter revenues of $14.7 million, up slightly from $14.6 million in the prior-year period, with gross profit of $5.3 million. Adjusted EBITDA declined to approximately $0.6 million from $1.1 million a year ago as the company increased spending on business development and M&A activities. The firm ended the quarter debt-free with $24.5 million in cash and accounts receivable, while reporting a total scheduled backlog of $254.5 million and an opportunity pipeline of $1.66 billion. Castellum is a defense tech services and solutions provider focused on the federal government.