CYBERLUX CORP - CYBL STOCK NEWS

Cyberlux Corporation (OTC PINK:CYBL) announced record financial results for Q2 2022, achieving $8.31M in revenue and $2.99M in net income, marking a 240% increase over Q1 2022. The company’s total assets rose to $14.38M, reflecting a growth strategy focused on organic and acquisition-driven expansion. Cyberlux exceeded its revenue plans by 29% and achieved 32.9% revenue growth quarter-to-quarter. CEO Mark Schmidt highlighted ongoing projects and an optimistic outlook for 2022, forecasting total revenue of $44.8M.

Cyberlux Corporation (OTC:CYBL) announced its amended Quarterly Report for Q1 2022, revealing a record revenue of $6.25M and net income of $1.24M, marking a year-over-year increase of 543% in net income. Revenue grew 13.8% from the previous quarter, exceeding the planned amount by 38.8%. Total assets increased significantly to $10.52M, while current liabilities decreased by 42.8%. The company anticipates ongoing revenue growth throughout 2022, projecting a total of $44.8M for the year, driven by its acquisition and organic growth strategies across its business units.

Cyberlux Corporation (OTC PINK:CYBL) has announced a Share Repurchase Program to utilize up to $19.5 million of earnings for reducing outstanding common stock shares. The purchases will occur based on market conditions and company evaluation, potentially enhancing shareholder value by reducing the number of shares available. The program could be funded by available cash flow and future contracts, and may be executed under SEC regulations, including a Rule 10b5-1 plan. CEO Mark Schmidt emphasized this initiative aims to create significant value for shareholders.

Cyberlux Corporation (OTC PINK:CYBL) reported significant financial achievements in April 2022, exceeding its revenue plan by 23% with revenues of $2.46 million. This marks the third consecutive month exceeding $2 million, contributing to a year-to-date revenue of $8.7 million, which surpasses the plan by 34%. Each business unit exceeded its targets, with the Digital Platform Solutions unit leading at 47% above plan. The company anticipates continued growth, projecting a total revenue of $44.8 million for the year.

Cyberlux Corporation (OTC:CYBL) has successfully removed 700 million 'ghost' shares from its Outstanding Shares, achieving a 12% reduction overall, down from 5.8 billion to 5.1 billion. This removal stems from an unfulfilled financial transaction dating back to 2014, and the shares were previously reported as lost. Additionally, the Board has approved a 20% reduction in the Authorized Share level, decreasing it from 8.75 billion to 7.0 billion shares, to protect shareholders from dilution. The company aims to achieve over $225 million in revenue by 2025.

Cyberlux Corporation (OTC PINK:CYBL) reported a strong Q1 2022, exceeding its revenue plan by 39%, reaching $6.25 million. The company also achieved a 14% increase in revenue quarter-to-quarter and marked its first month with revenue above $2 million in March. This was the eighth consecutive month of growth. The firm acquired Catalyst Machineworks to enhance its unmanned aircraft solutions and anticipated continued revenue growth in 2022, aiming for a yearly target of $44.8 million. The company emphasizes its commitment to shareholder value and plans for further strategic investments.