Castellum, Inc. Announces Record Quarterly Revenue

Rhea-AI Summary

Castellum, Inc. (OTC: ONOV) reported record revenue for Q2 2022, reaching approximately $11 million. The company credits this milestone to its recent acquisition of Lexington Solutions Group, which has enhanced its revenue base and provided a platform for future growth. Full financial results for the quarter are scheduled for release on or about August 15, 2022, and management anticipates a busy quarter ahead.

Positive

• Record revenue of approximately $11 million for Q2 2022.
• Recent acquisition of Lexington Solutions Group strengthens revenue base.
• Positive outlook for growth in the next 90 days.

Negative

• None.

POTOMAC, Md., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Castellum, Inc. (OTC: ONOV) announces that it has achieved record revenue for its second quarter ended June 30, 2022.

Revenue for Q2 2022 was approximately $11 million. Full financial results for Q2 2022 will be published on or about August 15, 2022, on www.otcmarkets.com.

“We are very pleased with our record quarterly revenue,” said Mark Fuller, President and CEO of Castellum. “Our recent acquisition of Lexington Solutions Group added to our prior revenue base and now provides a solid platform for future Castellum growth. We anticipate a very busy next 90 days.”

About Castellum, Inc.:

Castellum, Inc. (OTC: ONOV) is a technology service and solutions company executing strategic acquisitions in Cyber Security, Information Technology, Information Warfare, Electronic Warfare, Systems Engineering, Software Engineering, and Software Development - https://castellumus.com/.

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning the Company’s future events or future performance. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Contact:
Mark Fuller, President & CEO
info@castellumus.com
301-961-4895

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef35e386-d75c-42d6-a520-63b0630b5f02

FAQ

What were Castellum's Q2 2022 revenues?

Castellum reported approximately $11 million in revenues for Q2 2022.

When will Castellum release its full Q2 2022 financial results?

Castellum's full financial results for Q2 2022 are expected to be published on or about August 15, 2022.

What impact did the acquisition of Lexington Solutions Group have on Castellum?

The acquisition added to Castellum's revenue base and is expected to support future growth.

What is Castellum's outlook for the upcoming quarter?

Castellum anticipates a very busy next 90 days following its recent successes.