Welcome to our dedicated page for Castellum news (Ticker: CTM), a resource for investors and traders seeking the latest updates and insights on Castellum stock.
Overview of Castellum Inc
Castellum Inc (CTM) is a technology services provider dedicated to delivering advanced information technology and cybersecurity solutions. Operating in a diverse landscape, the company offers a wide array of services including intelligence analysis, software development, program management, information assurance, cybersecurity, data analytics, and model-based systems engineering (MBSE). With a clear focus on addressing the complex needs of financial services, healthcare, defense, and large enterprise clients, Castellum Inc remains a critical player in industries where precision, secure information handling, and strategic planning are paramount.
Core Business and Operational Capabilities
At its core, Castellum Inc generates revenue through a multifaceted business model that leverages both organic growth and strategic acquisitions. The company continuously enhances its internal capabilities to provide state-of-the-art software engineering, strategic mission planning, and policy support. By integrating disciplines such as cybersecurity and information assurance within its service suite, Castellum ensures robust protection and advanced analytics for clients dealing with massive data applications.
Service Offering and Market Applications
Castellum’s services are built around aiding organizations in navigating complex technical landscapes. The firm is engaged in:
- Intelligence Analysis: Delivering actionable insights through sophisticated data analysis.
- Software Development and Engineering: Crafting and managing software solutions that address unique operational challenges.
- Cybersecurity and Information Assurance: Safeguarding data and operations through advanced cybersecurity protocols and policy support.
- Strategic Mission Planning and Program Management: Assisting clients in planning and executing their missions efficiently.
- Data Analytics and MBSE: Leveraging state-of-the-art technology to interpret large datasets and model complex systems.
These competencies allow Castellum Inc to serve multiple industries including healthcare, financial services, and the defense sector, ensuring that their technology infrastructure is resilient, secure, and capable of supporting critical operations.
Strategic Acquisitions and Market Positioning
Another pillar of Castellum Inc’s strategy is its proactive approach to acquisitions. The company further strengthens its expertise through the assimilation of technology firms that specialize in cybersecurity, electronic warfare, and information operations. This strategy not only diversifies its technological edge but also expands its footprint across federal, civilian, and commercial markets. Each acquisition brings specialized know-how to enhance overall service delivery and address emerging security challenges in an ever-evolving digital ecosystem.
Industry Keywords and Sector Relevance
Early in the description, industry-specific keywords such as cybersecurity, information technology, and data analytics emphasize Castellum Inc's domain expertise. The company is well-positioned within the competitive landscape of technology services, attributed to its dual approach of organic innovation and computed growth through acquisitions. Clients in high-demand sectors benefit from the precision, analytical rigor, and strategic insights that Castellum Inc provides through its comprehensive service model.
Understanding the Competitive Landscape
Castellum Inc navigates a competitive sector where technological advancements and security protocols set the standard for success. Its competitive differentiation stems from deep subject matter expertise, the integration of cutting-edge technologies, and its ability to quickly adapt to the ever-changing needs of its clientele. Each service aspect is designed to offer robust solutions that mitigate risks while fostering technological resilience in critical infrastructure.
Conclusion
Overall, Castellum Inc stands as a pivotal entity in the IT services arena, bridging the gap between advanced technical solutions and the strategic needs of high-stakes industries such as finance, healthcare, and defense. Its comprehensive service offerings combined with an agile acquisition strategy underline its commitment to innovation, security, and operational excellence in a dynamically challenging market environment.
Castellum (NYSE-American: CTM) has completed its previously announced public offering, raising $4.5 million through the sale of 4,500,000 Units at $1.00 per Unit. Each unit comprises one common stock share and one warrant, with warrants exercisable at $1.08 per share within 60 days of issuance.
The offering, conducted under a shelf registration statement on Form S-3, was managed by Maxim Group as the sole placement agent. The company plans to utilize the net proceeds for working capital and general corporate purposes. The securities were offered through a prospectus, with documentation available on the SEC's website.
Castellum (NYSE-American: CTM) announces that its subsidiary Global Technology and Management Resources (GTMR) has achieved CMMI Level 3 appraisal, performed by Advanced Network Technology Solutions. This certification indicates GTMR is operating at a 'defined' level, with well-characterized and understood processes described in standards, procedures, tools, and methods.
The Capability Maturity Model Integration (CMMI) is a globally accepted standard for improving capability and optimizing business performance. This Level 3 appraisal is significant as it is a requirement for some government proposals, potentially enhancing Castellum's competitiveness in future opportunities.
According to Drew Merriman, Chief Operating Officer of Castellum and appraisal sponsor, this achievement will boost their technical evaluation score on new opportunities requiring this certification.
Castellum (NYSE-American: CTM), a cybersecurity and electronic warfare services company, has announced the pricing of its public offering of 4,500,000 Units at $1.00 per Unit. Each unit includes one common stock share and one warrant, with warrants exercisable at $1.08 per share and expiring in 60 days.
The offering is expected to generate gross proceeds of approximately $4.5 million before deducting placement agent fees and expenses. The company plans to use the net proceeds for working capital and general corporate purposes. Maxim Group serves as the sole placement agent, with the offering expected to close around March 18, 2025.
The offering is conducted under a previously filed shelf registration statement that became effective on January 24, 2025. A final prospectus supplement and accompanying prospectus will be filed with the SEC.
Castellum (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, has announced plans for a public offering of common stock and warrants. The offering will include shares of common stock and warrants exercisable into company shares, with all shares being offered by Castellum.
The company plans to use the net proceeds for working capital and general corporate purposes. Maxim Group is serving as the sole placement agent on a reasonable best-efforts basis. The offering is subject to market conditions, with no guarantees regarding completion, size, or terms.
The offering is being made pursuant to a previously filed and effective shelf registration statement on Form S-3 (File No. 333-284205) dated January 24, 2025. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC's website.
Castellum (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has appointed Tanya Bassett as Vice President of Business Development and Capture Management. With over 28 years of industry experience, Bassett brings expertise in winning new contracts and supporting Department of Defense (DoD) programs.
She will collaborate with CTM's Vice President of Business Development and Proposal Operations, Brooke Citrano, focusing on capturing new opportunities and contracts. Bassett's appointment reinforces Castellum's strategic commitment to organic growth, bringing her proven track record of driving growth and delivering sustainable results in the federal government sector.
Castellum (NYSE-American: CTM) has secured its largest contract to date through its GTMR subsidiary - a $103.3 million, five-and-a-half-year contract for Special Missions Management of On-Site Services supporting NAVAIR Program Office 290.
The contract, starting next month, encompasses multiple Intelligence, Surveillance, Reconnaissance, and Targeting (ISR&T) programs, including Maritime Patrol and Reconnaissance Force Family of Systems, P-8A Research and Development, and MQ-4C Triton Multiple Intelligence.
GTMR will provide comprehensive acquisition lifecycle support, including material solution analysis, technology development, engineering, manufacturing, production deployment, and operations support. The scope includes engineering analysis and recommendations for technical, logistics, training, and acquisition life-cycle support for ISR&T platforms and infrastructure.
Castellum (NYSE-American: CTM), a cybersecurity and electronic warfare services provider, has released its unaudited financial results for 2024. The company reported revenue of $44.8 million, slightly down from $45.2 million in 2023. Operating loss improved to ($7.2 million) from ($16.7 million) in 2023, which included $6.9 million in goodwill impairment charges.
Key financial metrics include:
- Adjusted EBITDA: $0.8 million (vs $0.2 million in 2023)
- Operating cash flow: $1.1 million (vs -$2.3 million in 2023)
- Year-end cash position: $12.3 million (vs $1.8 million in 2023)
- Total debt: $10.7 million (vs $12.4 million in 2023)
CEO Glen Ives, who assumed the role in July 2024, expects 2025 to be a year of growth, citing new contract wins and improved execution on existing contracts.
Castellum, Inc. (NYSE-American: CTM) announced that its Global Technology and Management Resources, Inc. (GTMR) subsidiary has been selected as a Special Compartmented Information Multiple Award Contract (SCI MAC) vendor, supporting the Intelligence Division of Naval Air Warfare Center – Aircraft Division (NAWCAD).
The single pool unrestricted Indefinite Delivery Indefinite Quantity (IDIQ) contract became effective February 21, 2025, with a shared ceiling of $249 Million among selected awardees. Castellum/GTMR will provide analytical, technical, and managerial services across the U.S. Department of Defense in areas including acquisition, analysis, research and engineering, test and evaluation, logistics, training, program management, IT, and Software Development Support.
This contract enables Castellum to support Naval Air Systems Command (NAVAIR) throughout the Acquisition Life Cycle of various platforms and systems, as well as intelligence and threat support to numerous research, development, test, and evaluation activities requiring access to intelligence information at various classification levels.
Castellum (NYSE-American: CTM) announces that its Specialty Systems subsidiary has been awarded a $3.2 million, 18-month contract from the Naval Air Warfare Center Aircraft Division - Lakehurst. The contract focuses on enhancing Cyber-Supply Chain Risk Management (C-SCRM) capabilities for Aircraft Launch and Recovery Equipment (ALRE) mission systems.
The project will deliver an automated enterprise ALRE Cyber Signature Assessment (ACSA) framework, utilizing Artificial Intelligence and Machine Learning (AI/ML) to establish a comprehensive C-SCRM digital thread spanning the entire product lifecycle of ALRE mission systems. The solution will integrate Software Composition Analysis (SCA) with component inspection technology to detect tampering across hardware, firmware, and software levels.
Castellum (NYSE-American: CTM) announces successful onboarding of its two SBA mentor-protégé companies, Epic Systems and Krilla Kaleiwahea (K2), to the SeaPort Next Generation contract through rolling admissions II. SeaPort-NxG is the Navy Virtual SYSCOM Commanders' integrated approach to contracting for professional support services, including technical and engineering services for various naval departments.
The strategic alliances involve Castellum's subsidiary Specialty Systems with Epic Systems, and Global Technology and Management Resources with K2 (pending SBA approval). This development enables Castellum to compete for 8(a), women-owned small business, and Native Hawaiian Organization set-aside opportunities on SeaPort-NxG, strengthening its position for near-term growth alongside its recent OASIS+ contract win.
FAQ
What is the current stock price of Castellum (CTM)?
What is the market cap of Castellum (CTM)?
What core services does Castellum Inc provide?
Which industries benefit from Castellum Inc's services?
How does Castellum Inc generate its revenue?
What differentiates Castellum Inc in a competitive market?
How does Castellum Inc support cybersecurity and information assurance?
What role does strategic acquisition play in Castellum Inc's business model?
Can you explain the significance of MBSE within Castellum Inc's services?
How does Castellum Inc cater to the needs of defense and federal markets?
