Recent Updates — CYCUW
Cycurion, Inc. filed a Form 8-K to furnish press releases dated September 30 and October 2, 2026. The first release highlighted a $54.6 million, 10-year contract award expected to generate over $5 million in annual revenue starting November 2026, alongside the acquisition of Digital Ally's Video Solutions business which adds approximately $5.5 million in annual revenue and raises the pro forma gross revenue run rate to roughly $30 million. The second release confirmed that Cycurion regained compliance with Nasdaq’s minimum bid price requirement following a 1-for-8 reverse stock split effected on August 28, 2026. The company will be subject to a Discretionary Panel Monitor through October 1, 2027. Cycurion operates in the cybersecurity and IT solutions industry.
Cycurion, Inc. announced a 1-for-8 reverse stock split to maintain compliance with NASDAQ listing requirements and improve its market valuation profile. The company highlighted significant operational improvements, including gross margin expansion from 6.1% in Q2 2025 to 29.1% in Q2 2026, and net debt reduction by more than half since year-end 2024. Cycurion secured a ten-year, $54.6 million award with the U.S. Department of Health and Human Services, generating over $5 million in annual recurring revenue starting November 2026. The firm also reported firmly committed revenue of $15 to $17 million for each year through 2028 and a $34 million open pipeline. Additionally, the Board authorized a $500,000 share repurchase program. Cycurion operates in the cybersecurity industry, providing AI-driven IT security solutions and services.
Cycurion, Inc. filed a fourth amendment to its Certificate of Incorporation to implement a reverse stock split at a ratio of one-for-eight. The transaction became effective on August 28, 2026, with shares beginning to trade on a split-adjusted basis that day under the existing symbol CYCU. This action reduces the number of issued and outstanding common shares from approximately 25,840,335 to approximately 3,230,041. The board approved the split on August 13, 2026, following stockholder authorization in July 2026. The primary purpose is to maintain compliance with Nasdaq's minimum bid price requirement for continued listing. Fractional shares are cashed out based on the closing price on the preceding trading day. Cycurion operates in the cybersecurity industry, providing IT security solutions and AI-driven services.
Cycurion reported second quarter 2026 financial results for the period ended June 30, 2026. The company generated revenue of $3.8 million, beating consensus estimates of $3.62 million and remaining essentially flat year-over-year against $3.9 million in Q2 2025. Gross profit increased nearly five-fold to $1.1 million with a gross margin expansion from 6.1% to 29.1%. Net loss attributable to Cycurion was $3.8 million, or $(0.41) per share, beating consensus of $(0.56). Adjusted EBITDA improved to $(1.4) million from $(2.1) million in the prior year period. The company secured a landmark $54.6 million, 10-year contract with a global consulting firm for state government health and human services modernization, scheduled to commence in November 2026. Cycurion also completed acquisitions of Secuvant, LLC and Kustom Entertainment Inc.'s video solutions business to expand its cybersecurity capabilities. Net debt decreased 28% to $5.8 million from $8.1 million year-over-year. Cycurion operates in the AI-driven cybersecurity, national security, and public safety technology sector.
Cycurion, Inc. announced that its hearing before the Nasdaq Hearings Panel regarding potential delisting is scheduled for August 20, 2026. The company confirmed that its common stock continues to trade on the Nasdaq Capital Market under the symbol CYCU and has not been delisted as of the filing date. A timely request for a hearing has stayed the delisting action pending the Panel's final written decision, which is expected after the hearing date. Cycurion operates in the cybersecurity industry, providing AI-driven tech-enabled solutions to government, healthcare, and corporate clients.
Cycurion, Inc. completed the acquisition of substantially all assets comprising Kustom Entertainment, Inc.'s video-solutions division on August 3, 2026. The transaction consideration includes $1.25 million in cash, a $4.25 million secured promissory note, up to $1 million in contingent earnout payments, and Series H Preferred Stock with an aggregate stated value of $600,000. The acquired business adds over $5 million in annual revenue and more than $1.2 million in EBITDA, bringing Cycurion's pro forma gross revenue run rate to approximately $30 million. This strategic move expands Cycurion's AI-driven cybersecurity capabilities by integrating Kustom’s Digital Ally-branded portfolio of video hardware, software platforms, and over 50 patents into its existing operations.