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Castellum Inc - CTM STOCK NEWS

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.

Rhea-AI Summary

Castellum (NYSE-American: CTM), a cybersecurity and federal government services company, has announced the pricing of its public offering of 4,355,000 shares of common stock at $0.85 per share. The offering is expected to generate gross proceeds of approximately $3.7 million before deducting fees and expenses. The company plans to use the net proceeds for working capital and general corporate purposes.

Maxim Group is serving as the sole placement agent for the offering, which is expected to close around December 30, 2024. The offering is being conducted under a shelf registration statement that became effective on December 12, 2023.

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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. The company will offer all shares and intends to use the net proceeds for working capital and general corporate purposes. Maxim Group is acting as the sole placement agent on a reasonable best-efforts basis.

The offering is subject to market conditions, with no guarantee of completion or final terms. The offering is being made pursuant to a shelf registration statement on Form S-3 that became effective on December 12, 2023. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC's website.

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Castellum (NYSE-American: CTM) has announced a registered direct offering of 9,473,700 shares of common stock at $0.38 per share, expecting to raise approximately $3.6 million in gross proceeds before deducting placement agent fees and other offering expenses. The offering, managed by Maxim Group as the sole placement agent, is expected to close around December 24, 2024. The shares are being offered through a shelf registration statement on Form S-3 that was declared effective by the SEC on December 12, 2023.

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Castellum (NYSE-American: CTM) announces a significant contract win through its subsidiary Specialty Systems, Inc., in collaboration with Corvus Consulting and Global Technology and Management Resources. The company secured all four unrestricted domains in the OASIS+ (One Acquisition Solution for Integrated Services Plus) contract, complementing three previously awarded small business domains.

The awarded domains include intelligence services, technical and engineering, research and development, and management & advisory. This government-wide contract has a ten-year performance period with no ceiling value, representing a major strategic opportunity for Castellum to expand its federal customer support.

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Castellum (NYSE-American: CTM) reported sequential revenue growth in Q3 2024, reaching $11.6 million, up from $11.5 million in Q2 and $11.3 million in Q1. Gross profit increased to $5.0 million, compared to $4.7 million in Q2 and $4.5 million in Q1. The company's CEO highlighted that while current growth is modest due to existing contract performance, their strategy focuses on securing new contracts in 2025 to drive significant improvements in quarterly and long-term performance. Full financial results will be filed by November 14, 2024.

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Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has announced a $4.1 million contract win in collaboration with its protégé, Epic Systems, Inc. The contract, awarded by the National Science Foundation (NSF), is for supporting NSF's Administrative Services Help Desk. Castellum's subsidiary, Corvus Consulting, , will have a 49% work share on the contract.

Glen Ives, President and CEO of Castellum, emphasized the importance of this milestone win and the company's commitment to the Small Business Administration's 'Mentor-Protégé' program. This program is part of Castellum's growth strategy, allowing them to support disadvantaged businesses and generate revenue from opportunities not otherwise available to the company.

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Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company, has promoted Andrew ("Drew") Merriman to Chief Operating Officer (COO), effective September 1, 2024. This move fills the vacancy created by Glen Ives' promotion to CEO on July 1, 2024. Merriman, who co-founded Merrison Technologies, (MTech) in 2013, brings extensive experience in technical leadership and customer relationship management. Under his leadership, MTech achieved 176% revenue growth over three years, joining the Inc. 5000 fastest-growing companies list in 2018. Castellum acquired MTech in August 2021. Merriman's appointment aligns with Castellum's focus on operational excellence and organic growth in serving federal government clients.

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Castellum, Inc. (NYSE-American: CTM), a cybersecurity and software services company, reported improved financial results for Q2 2024. Revenue increased to $11.5 million, up from $11.3 million in Q1 2024. Gross profit rose to $4.7 million from $4.5 million in Q1. The company's operating loss narrowed to $(1.6) million from $(2.7) million in Q1. Notably, Adjusted EBITDA turned positive at $0.3 million, compared to $(0.1) million in Q1 2024 and $0.1 million in Q2 2023. This improvement excludes non-cash charges such as $1.3 million in stock-option and warrants expense and $0.6 million in depreciation and amortization. Castellum's CEO, Glen Ives, highlighted the company's progress, citing sequentially higher revenue, a smaller loss, and positive cash flow from operations.

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Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software engineering services company, has announced a strategic alliance with Krilla Kaleiwahea, (K2). This partnership combines Castellum's extensive experience in serving the U.S. Government with K2's leadership team and status as a Native Hawaiian government contractor.

The alliance enables the companies to pursue set-aside Department of Defense (DOD) contracts worth up to $100 million. Castellum's CEO, Glen Ives, expressed enthusiasm about the partnership, highlighting the potential to jointly target a wide range of government contracts across DOD and civilian federal agencies. K2's Co-Founder, Peter Krilla, emphasized Castellum's excellent past performance as a key factor in enhancing their bidding capabilities for substantial new opportunities.

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Castellum, Inc. (NYSE-American: CTM), a cybersecurity and software services company, has released a letter to shareholders from its new CEO, Glen Ives. Ives, a former Navy veteran with extensive experience in government contracting, outlines his vision for the company's future. He aims to achieve 25% organic growth over the next two years and 40% over three years, targeting annualized revenue of $56 million by mid-2026 and $63 million by mid-2027.

Ives plans to focus on debt reduction, aiming to retire the $2.4 million Buckhout Charitable Remainder Trust note by August 2026 and reduce overall debt to below 15% of revenue. He also expresses interest in returning to selective acquisitions as the company's balance sheet strengthens. Despite recent stock price challenges, Ives is confident that executing this plan will benefit shareholders in the coming months.

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FAQ

What is the current stock price of Castellum (CTM)?

The current stock price of Castellum (CTM) is $0.9364 as of April 4, 2025.

What is the market cap of Castellum (CTM)?

The market cap of Castellum (CTM) is approximately 78.1M.

What core services does Castellum Inc provide?

Castellum Inc offers a wide range of IT services including software development, cybersecurity, data analytics, intelligence analysis, and MBSE. The company also focuses on strategic mission planning and program management.

Which industries benefit from Castellum Inc's services?

The company serves multiple sectors such as financial services, healthcare, defense, and large-scale commercial markets. Their solutions are especially tailored for organizations that rely on secure data handling and advanced analytics.

How does Castellum Inc generate its revenue?

Castellum Inc follows a dual approach that encompasses generating revenue from organic service offerings and strategic acquisitions. This model allows the company to continuously enhance its technical capabilities and expand its market reach.

What differentiates Castellum Inc in a competitive market?

Its differentiation lies in integrating advanced IT solutions with comprehensive cybersecurity and data analytics services. The company also bolsters its expertise through targeted acquisitions in related technology sectors.

How does Castellum Inc support cybersecurity and information assurance?

The company delivers robust cybersecurity protocols alongside policy support and information assurance services. These measures help safeguard sensitive data and ensure operational continuity for its diverse clientele.

What role does strategic acquisition play in Castellum Inc's business model?

Strategic acquisitions allow Castellum Inc to incorporate specialized technologies and expertise in areas such as electronic warfare and information operations. This approach significantly enhances their service portfolio and market adaptability.

Can you explain the significance of MBSE within Castellum Inc's services?

Model-Based Systems Engineering (MBSE) is a core component of Castellum Inc’s offerings, enabling complex system modeling and analysis. This enhances the decision-making process and ensures better project outcomes for clients with large data applications.

How does Castellum Inc cater to the needs of defense and federal markets?

Castellum Inc tailors its services to address the unique challenges in defense and federal sectors by offering specialized cybersecurity, strategic mission planning, and intelligence analysis. These services are designed to meet stringent security requirements and promote operational efficiency.
Castellum Inc

NYSE:CTM

CTM Rankings

CTM Stock Data

78.07M
58.86M
30.66%
5.63%
2.38%
Information Technology Services
Services-management Consulting Services
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United States
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