CYBERLUX CORP - CYBL STOCK NEWS

Cyberlux Corporation (OTC:CYBL) has acquired Catalyst Machineworks, LLC, a leader in cinematography drone technology. This acquisition positions Cyberlux to enhance its Unmanned Aircraft Solutions (UAS) by leveraging CMW's expertise and customer base. The deal involves both cash and equity components with expected revenue growth from $22 million to $67 million by 2024. Cyberlux aims to address significant demand across government and commercial sectors for high-quality, U.S.-made drones, supporting its FlightGDN Technology Platform for advanced military-grade solutions.

Cyberlux Corporation (OTC:CYBL) has secured a contract to enhance the Judicial Court System of Albania with a digital platform for case management and data security, valued at over $625,000. The implementation is expected to be completed by the end of 2022, covering all 38 District Courts. This marks Cyberlux's entry into the $17 billion legal tech market, aiming to improve government transparency and efficiency. The company positions itself as a leader in digital transformation across global industries.

Cyberlux Corporation (OTC PINK:CYBL) reported a remarkable revenue of $2.12 million for February 2022, exceeding its plan by 41% and marking an 11% month-to-month growth. This milestone reflects the seventh consecutive month of sustained revenue growth, setting a new record for the company. Management anticipates continued growth and aims for a 2022 revenue outlook of $44.8 million. Notable partnerships and strategic initiatives are underway to further enhance business operations, including a new partnership with The ARG Group to accelerate UAS revenue growth.

Cyberlux Corporation (OTC PINK: CYBL) has announced a Channel Business Partnership with ARG Group, LLC to enhance the growth of its FlightEye UAS and Advanced Lighting Solutions. This collaboration aims for over $15 million in annual revenue from these products over the next 36 months. The partnership leverages ARG's established connections with U.S. defense agencies and the First Look program, which offers streamlined purchasing for government entities. This alliance is seen as a critical step in achieving Cyberlux's 2022 growth objectives.

Cyberlux Corporation (OTC:CYBL) reported strong results for January 2022, exceeding its revenue plan by 28% with total revenue of $1.9 million, marking a 13% month-over-month growth. This is the sixth consecutive month of revenue increases, putting the company on track to meet its 2022 revenue target of $44.8 million. Key accomplishments included the appointment of new executives, the acquisition of Digital Automation Solutions, and an accelerated software investment strategy aimed at enhancing business growth across its four units.

Cyberlux Corporation (OTC PINK:CYBL) has announced the acquisition of Digital Automation Solution, LLC to enhance its software strategy for digital transformation solutions. This acquisition is a significant step towards establishing Cyberlux as a global leader in this $800 billion market. The deal includes cash and equity components, with an expected annual revenue contribution of $17 million, potentially growing to over $55 million by 2024. The acquisition aims to strengthen Cyberlux’s digital platform capabilities and expand its market reach.

Cyberlux Corporation announces the appointment of Chris Damvakaris as Chief Revenue Officer to enhance revenue growth across its business units: FlightEye UAS, Advanced Lighting, and Infrastructure Software Solutions. With over 20 years of global sales experience, Damvakaris will oversee strategic partnerships and sales execution. CEO Mark Schmidt emphasizes the importance of this role in achieving their ambitious growth targets. Cyberlux aims to lead digital transformation and expand its SaaS offerings, reinforcing its commitment to operational excellence.

Cyberlux Corporation (OTC PINK: CYBL) reported a significant increase in revenue for 2021, surpassing its guidance by $1.1 million, reaching $7.7 million, a 17% increase. This performance exceeded the June guidance by 48% and marked the best quarterly performance with $5.1 million in Q4. Key achievements include the acquisition of Kreatx SHPK and new leadership with Aaron Goodman joining the Board. Additionally, the company anticipates positive net income from operations.

Cyberlux Corporation (OTC PINK:CYBL) has appointed Paul Nurkkala, a World Champion from the Drone Racing League, as the Chief Test Pilot and member of the Technical Advisory Board for its FlightEye UAS business unit. This strategic addition aims to enhance product development and intellectual property within the high-growth unmanned aircraft systems market. The FlightEye unit focuses on military-grade UAS products, leveraging advanced technologies like LED lighting and thermal sensors to meet Department of Defense requirements.