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Cyberlux Corporation (CYBL) delivers innovative tactical lighting solutions for defense and industrial markets. This news hub provides investors and industry professionals with centralized access to official announcements and strategic developments.
Track all Cyberlux press releases including product launches, government contracts, and financial updates. Our curated collection ensures timely access to operational milestones and market positioning changes within the portable lighting sector.
Key updates cover defense sector partnerships, BrightEye system deployments, and industrial lighting innovations. Bookmark this page for direct access to verified information about Cyberlux's advancements in tactical illumination technology.
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.
Cyberlux Corporation (OTC PINK:CYBL) announced its acquisition of Kreatx SHPK to enhance its Infrastructure Software Solutions strategy. This deal includes both stock valued between $0.020 and $0.25 and a cash component paid over a one-year earnout period. Kreatx, based in Albania, specializes in SaaS solutions relevant to government and commercial markets. The acquisition aims to bolster Cyberlux's Digital Software Platform, targeting a $500 billion market for digital transformation solutions and expanding its capabilities across Europe and the Americas.
Cyberlux Corporation (OTC Bulletin Board: CYBL) announced a significant revenue guidance increase for 2022, raising expectations from $30.5 million to $44.8 million, a remarkable 47% increase. This revision reflects strong growth across its four business units, particularly in its newly emerging Infrastructure Software Solutions group. CEO Mark Schmidt expressed optimism about the company's transformation and growth strategy, which prioritizes aggressive business development and expansion into new markets.
Cyberlux Corporation (OTC PINK:CYBL) released its November 2021 recap, highlighting strong financial performance with a revenue of $1,509,267, exceeding forecasts by 37%. Year-to-date revenue reached $6,045,174. The company increased its 2021 revenue guidance from $5.2 million to $6.6 million. Key developments include the acquisition of 30 hectares of solar property for 20MW of renewable energy production, successful collaborations with the Department of Defense, and positive net income projections for the year. Upcoming growth strategies are being discussed with investment banking partners.
Cyberlux Corporation (OTC Bulletin Board: CYBL) announced the appointment of Aaron Goodman to its Board of Directors, aimed at enhancing its acquisition strategy and achieving a NASDAQ uplisting. Mr. Goodman brings over 20 years in investment banking, M&A, and technology, having previously held senior roles at major financial firms like Morgan Stanley and Bridgewater Associates. CEO Mark Schmidt expressed confidence in Goodman's capabilities to drive growth and strengthen internal operations at Cyberlux, which specializes in LED lighting and unmanned aircraft systems.
Cyberlux Corporation (OTC PINK:CYBL) has increased its revenue guidance for the fiscal year 2021 from $5.2 million to $6.6 million, representing a growth of 26.9% over previous estimates. The company anticipates posting a positive net income from operations for the year. CEO Mark Schmidt emphasized the ongoing transformation into an Advanced Technology Platform and outlined the focus on business development, joint ventures, and core market growth. Strategic initiatives include advancing new technologies in unmanned aircraft systems and renewable energy.
