STOCK TITAN
  1. Home
  2. News
  3. CTM

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.

Castellum, Inc. (Symbol: CTM) is a prominent provider of cutting-edge information technology services, catering to various sectors such as financial services, healthcare, and users of extensive data applications. The company excels in offering a broad spectrum of services, including intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity policy support, data analytics, and Model-Based Systems Engineering (MBSE).

Castellum continuously innovates and enhances its capabilities organically while strategically acquiring technology firms. These acquisitions focus on fields like cybersecurity, information technology, electronic warfare, information warfare, and information operations. As a result, Castellum has secured a significant presence across defense, federal, civilian, and commercial markets.

In recent developments, Castellum has reinforced its market position through several key acquisitions and technological advancements. The company's growth strategy emphasizes both organic growth and strategic acquisitions, thereby expanding its suite of services and market reach.

The company remains committed to providing top-tier services and solutions, ensuring robust data security and operational efficiency for its clients. With a strong financial standing and a dedicated team of experts, Castellum is well-positioned to continue its trajectory of growth and innovation in the tech industry.

News

Castellum, Inc. Announces New Strategic Alliance

Rhea-AI Summary
Castellum, Inc. (CTM) announces a new strategic alliance between its subsidiary Specialty Systems, Inc. and Epic Systems, Inc. The alliance aims to leverage SSI's past performance and Epic's small business status to bid on government contracts in IT services and cybersecurity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
none
-
News

Castellum, Inc. Announces 2023 Financial Results

Rhea-AI Summary
Castellum, Inc. (CTM) announces record revenue of $45.2 million for 2023, up from $42.2 million in 2022. Despite a net loss of $17.9 million due to non-cash charges for goodwill impairment, the company's RCOP improved throughout 2023, reaching $0.36 million in Q4. Management is optimistic about converting a $600 million sales pipeline into contract wins in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.74%
Tags
earnings
-
News

Castellum, Inc. Announces Closing of $4 Million Revolver with Live Oak Bank

Rhea-AI Summary
Castellum, Inc. (CTM) announces the closing of a $4 million financing with Live Oak Bank, securing a revolving credit facility. The company pays down debts, eliminates potential share dilution, and strengthens its financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
Tags
none
News

Castellum Announces Closing of $2.7 Million Registered Direct Offering

Rhea-AI Summary
Castellum, Inc. (CTM) has closed a registered direct offering and a concurrent private placement, raising approximately $2.7 million. The offering consisted of 8,437,501 shares of common stock at an effective offering price of $0.32 per share. The company also issued warrants to purchase up to 8,437,501 shares of common stock at an exercise price of $0.35 per share. The proceeds will be used to strengthen the company's balance sheet and increase liquidity to support business growth. Castellum aims to secure new contract wins in 2024 to improve its income statement and net leverage ratios.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
Tags
offering
-
News

Castellum Announces Pricing of $2.7 Million Registered Direct Offering

Rhea-AI Summary
Castellum, Inc. has entered into a securities purchase agreement with an institutional investor for a registered direct offering and a concurrent private placement, raising an estimated $2.7 million in gross proceeds. The Company will issue 8,437,501 shares of common stock and warrants to purchase the same number of shares at an effective price of $0.32 per share. The warrants will become exercisable upon shareholder approval, with an exercise price of $0.35 per share, and will expire five years from such approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.89%
Tags
offering
-
News

Castellum, Inc. Announces Execution of Debt Term Sheet

Rhea-AI Summary
Castellum, Inc. (CTM) signs a non-binding $4 million debt term sheet with a significant regional bank, aiming to facilitate the partial paydown and extension of 2024 debt maturities until 2025 or later.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.93%
Tags
none
News

Castellum, Inc. Announces Third Quarter Financial Results

Rhea-AI Summary
Castellum, Inc. (CTM) Announces Strong Third Quarter 2023 Financial Results with Revenues of $11.7 Million and Positive Non-GAAP Recurring Cash Operating Profit of $194.7 Thousand. President and CEO Mark Fuller highlights cost-cutting efforts and business development opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.63%
Tags
earnings
-
News

Castellum, Inc. Announces Bob Eisiminger, as Senior Advisor

Rhea-AI Summary
Castellum, Inc. announces Bob Eisiminger as Senior Advisor. Eisiminger will focus on organic growth as the company expands its business development efforts. He brings experience in government contracting, IP development, and cybersecurity. Eisiminger sold his previous company, Knight Point Systems, for $250 million in 2019. He is a well-known entrepreneur in the National Capital Region business community and has received accolades for his work.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
Tags
none
-
News

Castellum, Inc. Announces 2024 Budget Targets and Strategic Initiatives

Rhea-AI Summary
Castellum, Inc. announces 2024 budget targets and strategic initiatives
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.37%
Tags
none
News

Castellum Announces the Award of a $3 million Contract to its Specialty Systems, Inc. Subsidiary

Rhea-AI Summary
Castellum's subsidiary, Specialty Systems, Inc., secures a $3 million, 14-month U.S. Navy contract, reinforcing commitment to the Navy mission.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
none

FAQ

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

The current stock price of Castellum (CTM) is $0.1587 as of November 22, 2024.

What is the market cap of Castellum (CTM)?

The market cap of Castellum (CTM) is approximately 8.9M.

What services does Castellum, Inc. provide?

Castellum offers intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity policy support, data analytics, and MBSE.

Which markets does Castellum, Inc. operate in?

Castellum operates in the defense, federal, civilian, and commercial markets.

What are some recent achievements of Castellum, Inc.?

Recent achievements include reinforcing its market position through key acquisitions and technological advancements, expanding its service offerings and market reach.

How does Castellum, Inc. enhance its capabilities?

Castellum enhances its capabilities through continuous innovation and strategic acquisitions in areas such as cybersecurity, information technology, and electronic warfare.

Is Castellum, Inc. involved in any partnerships?

Yes, Castellum has secured a significant presence and established partnerships across various sectors including defense, federal, civilian, and commercial markets.

What is Castellum, Inc.'s approach to cybersecurity?

Castellum focuses on providing robust cybersecurity solutions as part of its broad range of IT services, ensuring data security and operational efficiency for its clients.

How does Castellum, Inc. support its clients in strategic and mission planning?

Castellum offers expertise in strategic and mission planning, backed by comprehensive intelligence analysis and program management support.

What is Castellum, Inc.'s financial condition?

Castellum maintains a strong financial standing, which supports its growth strategy and enables continuous innovation and expansion.

Which sectors benefit from Castellum, Inc.'s services?

Sectors such as financial services, healthcare, defense, and various other users of large data applications benefit from Castellum's extensive IT services.

How does Castellum, Inc. contribute to data analytics?

Castellum provides advanced data analytics services, helping clients leverage big data for strategic decision-making and operational improvements.

Stock CTM logo
Castellum, Inc.

NYSE:CTM

CTM Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

CTM Stock Data

8.90M
29.13M
48.09%
2.69%
0.18%
Information Technology Services
Services-management Consulting Services
Link
United States of America
VIENNA