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 (CTM) provides mission-critical IT solutions and cybersecurity services to defense, healthcare, and financial sectors. This news hub offers investors and industry professionals centralized access to verified corporate developments and strategic announcements.
Track key business updates including quarterly earnings disclosures, cybersecurity innovation milestones, and acquisition activity. Our curated collection ensures timely access to press releases about software engineering advancements, federal contract awards, and data analytics initiatives shaping CTM's market position.
Discover official statements covering:
• Strategic cybersecurity partnerships
• Federal sector program updates
• Technology acquisition details
• Financial performance reports
Bookmark this page for efficient monitoring of Castellum's evolving capabilities in electronic warfare solutions, intelligence analysis tools, and enterprise IT infrastructure developments. All content is sourced directly from company communications to ensure regulatory compliance and factual accuracy.
BETHESDA, Md., April 26, 2023 – Castellum (NYSE-American: CTM) announced that EF Hutton has initiated research coverage with a “Buy” rating. CEO Mark Fuller expressed enthusiasm about this coverage, which follows their previous assistance during Castellum's uplisting in October.
Castellum aims to grow its business aggressively through both organic growth and acquisitions, with one non-binding letter of intent under consideration and discussions with multiple companies for potential transactions. The company is tracking and converting several growth opportunities into revenue this year. Forward-looking statements in the release highlight the inherent uncertainty in achieving these goals, emphasizing the need for caution regarding the non-binding acquisition prospects.
BETHESDA, Md., March 23, 2023 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) announces the successful acquisition of Global Technologies Management Resources, Inc. (GTMR), a government contractor with $10 million in revenue. This deal, structured as a 'tax-free' reorganization, makes Castellum's revenue run rate exceed $50 million. The transaction is immediately accretive to revenue per share, recurring cash operating profit per share, and net income per share. An audit of GTMR’s financials for 2022 is in progress and expected to complete within 60 days. Castellum aims to further accelerate growth and plans additional acquisitions in the near future.
Castellum, based in Bethesda, Md., announced that its 2023 Annual Meeting of Stockholders will take place on May 25, 2023. Eligible stockholders, recorded as of March 31, 2023, can vote at the meeting, which will be held both in-person and virtually. Notably, Castellum did not conduct a 2022 meeting, prompting a deadline of March 30, 2023, for any qualified stockholder proposals or nominations for the proxy statement. Castellum focuses on strategic acquisitions in defense-oriented technology, including cybersecurity and electronic warfare.
