Scryb Reports Financial Results for Q1 2025
Scryb Inc. (CSE: SCYB) has released its Q1 2025 financial results, reporting total assets of $13.5 million, marking a 54% increase from the previous quarter's $8.8 million. The company recorded a $9.3 million gain from Cybeats' accounting separation and a $1.36 million gain from selling its stake in Fionet Rapid Response Group.
Key financial positions include $2.2 million in cash and receivables, a significant stake in Cybeats Technologies (63 million shares, ~49% ownership), and over 16 million shares in Glow Lifetech. The company recently raised $1.1 million in financing and launched Raidian, an AI compliance and safety solution.
Cybeats' performance shows strong growth with total contract commitments exceeding $7 million in 2024, an 84% increase from 2023. The company achieved 148% net revenue retention and maintains a 90% trial-to-license conversion rate, recently securing a three-year contract with Rockwell Automation.
Scryb Inc. (CSE: SCYB) ha pubblicato i risultati finanziari del Q1 2025, riportando un totale di attivi di $13,5 milioni, con un aumento del 54% rispetto ai $8,8 milioni del trimestre precedente. L'azienda ha registrato un guadagno di $9,3 milioni dalla separazione contabile di Cybeats e un guadagno di $1,36 milioni dalla vendita della sua partecipazione in Fionet Rapid Response Group.
Le principali posizioni finanziarie includono $2,2 milioni in contante e crediti, una significativa partecipazione in Cybeats Technologies (63 milioni di azioni, ~49% di proprietà) e oltre 16 milioni di azioni in Glow Lifetech. Recentemente, l'azienda ha raccolto $1,1 milioni in finanziamenti e ha lanciato Raidian, una soluzione di conformità e sicurezza basata su AI.
Le performance di Cybeats mostrano una forte crescita con impegni contrattuali totali superiori a $7 milioni nel 2024, un aumento dell'84% rispetto al 2023. L'azienda ha raggiunto una retention netta dei ricavi del 148% e mantiene un tasso di conversione dal trial alla licenza del 90%, assicurandosi recentemente un contratto triennale con Rockwell Automation.
Scryb Inc. (CSE: SCYB) ha publicado sus resultados financieros del Q1 2025, reportando activos totales de $13,5 millones, lo que representa un aumento del 54% respecto a los $8,8 millones del trimestre anterior. La compañía registró una ganancia de $9,3 millones por la separación contable de Cybeats y una ganancia de $1,36 millones por la venta de su participación en Fionet Rapid Response Group.
Las principales posiciones financieras incluyen $2,2 millones en efectivo y cuentas por cobrar, una participación significativa en Cybeats Technologies (63 millones de acciones, ~49% de propiedad) y más de 16 millones de acciones en Glow Lifetech. Recientemente, la empresa recaudó $1,1 millones en financiamiento y lanzó Raidian, una solución de cumplimiento y seguridad basada en IA.
El desempeño de Cybeats muestra un fuerte crecimiento con compromisos contractuales totales que superan los $7 millones en 2024, un aumento del 84% en comparación con 2023. La compañía logró una retención de ingresos netos del 148% y mantiene una tasa de conversión del 90% de prueba a licencia, asegurando recientemente un contrato de tres años con Rockwell Automation.
Scryb Inc. (CSE: SCYB)는 2025년 1분기 재무 결과를 발표하며 총 자산이 $1350만에 달하며, 이는 이전 분기의 $880만에서 54% 증가한 수치입니다. 회사는 Cybeats의 회계 분리로 $930만의 이익을 기록했으며, Fionet Rapid Response Group의 지분 매각으로 $136만의 이익을 얻었습니다.
주요 재무 포지션으로는 $220만의 현금 및 매출채권, Cybeats Technologies에 대한 상당한 지분(6300만 주, ~49% 소유권), Glow Lifetech의 1600만 주 이상이 포함되어 있습니다. 최근 회사는 $110만의 자금을 조달했으며, AI 기반의 준수 및 안전 솔루션인 Raidian을 출시했습니다.
Cybeats의 성과는 2024년 총 계약 약정이 $700만을 초과하며 2023년 대비 84% 증가하는 강력한 성장을 보여줍니다. 회사는 148%의 순수익 유지율을 달성했으며, 90%의 시험에서 라이센스로의 전환율을 유지하고 있으며, 최근 Rockwell Automation과 3년 계약을 체결했습니다.
Scryb Inc. (CSE: SCYB) a publié ses résultats financiers du premier trimestre 2025, rapportant des actifs totaux de $13,5 millions, marquant une augmentation de 54% par rapport aux $8,8 millions du trimestre précédent. L'entreprise a enregistré un bénéfice de 9,3 millions de dollars provenant de la séparation comptable de Cybeats et un bénéfice de 1,36 million de dollars de la vente de sa participation dans Fionet Rapid Response Group.
Les principales positions financières comprennent $2,2 millions en liquidités et créances, une participation significative dans Cybeats Technologies (63 millions d'actions, ~49% de propriété) et plus de 16 millions d'actions dans Glow Lifetech. Récemment, l'entreprise a levé $1,1 million de financement et a lancé Raidian, une solution de conformité et de sécurité basée sur l'IA.
Les performances de Cybeats montrent une forte croissance avec des engagements contractuels totaux dépassant $7 millions en 2024, soit une augmentation de 84% par rapport à 2023. L'entreprise a atteint un taux de rétention des revenus nets de 148% et maintient un taux de conversion de 90% de l'essai à la licence, ayant récemment sécurisé un contrat de trois ans avec Rockwell Automation.
Scryb Inc. (CSE: SCYB) hat seine Finanzzahlen für das 1. Quartal 2025 veröffentlicht und berichtet über Gesamtvermögen von $13,5 Millionen, was einem Anstieg von 54% gegenüber den $8,8 Millionen des vorherigen Quartals entspricht. Das Unternehmen verzeichnete einen Gewinn von $9,3 Millionen aus der buchhalterischen Trennung von Cybeats und einen Gewinn von $1,36 Millionen aus dem Verkauf seines Anteils an der Fionet Rapid Response Group.
Zu den wichtigsten finanziellen Positionen gehören $2,2 Millionen in Bargeld und Forderungen, ein signifikanter Anteil an Cybeats Technologies (63 Millionen Aktien, ~49% Eigentum) und über 16 Millionen Aktien in Glow Lifetech. Das Unternehmen hat kürzlich $1,1 Millionen an Finanzierung aufgebracht und Raidian, eine KI-Compliance- und Sicherheitslösung, eingeführt.
Die Leistung von Cybeats zeigt ein starkes Wachstum mit Gesamtvertragsverpflichtungen von über $7 Millionen im Jahr 2024, was einem Anstieg von 84% gegenüber 2023 entspricht. Das Unternehmen erreichte eine Netto-Umsatzbindung von 148% und hält eine Umwandlungsrate von 90% vom Test zur Lizenz, wobei kürzlich ein Dreijahresvertrag mit Rockwell Automation gesichert wurde.
- Total assets increased 54% to $13.5M
- $9.3M gain from Cybeats accounting separation
- $1.36M gain from FRR stake sale
- Cybeats contract commitments up 84% to $7M
- 148% net revenue retention in Cybeats division
- 90% trial-to-license conversion rate
- Secured $1.1M new financing
- Trading at 72% discount to asset value ($4.8M market cap vs $13.5M assets)
- High dependence on Cybeats performance (49% ownership)
Toronto, Ontario--(Newsfile Corp. - March 4, 2025) - Scryb Inc. (CSE: SCYB) ("Scryb'' or the "Company") announced it has filed financial results for its first quarter ended December 31, 2024 ("Q1 2025").
Q1 2025 Financial Highlights
Total Assets:
$13.5 million , a54% increase from$8.8 million in the previous quarterInvestment in Cybeats Technologies Corp.: Scryb holds approximately 63 million shares, representing ~
49% of Cybeats' outstanding sharesCybeats Accounting Separation: Reported a
$9.3 million gain due to a change of accounting for Cybeats, which has shifted to a standalone equity basisGain on Asset Sale:
$1.36 million gain from the sale of Scryb's stake in the Fionet Rapid Response Group ("FRR") joint venture, a mobile healthcare software platform1Cash and Receivables:
$2.2 million , including$1.7 million in receivables primarily from the FRR divestiture and the associated revenue royaltiesInvestment in Glow Lifetech Corp.: Holds over 16 million shares representing ~
10% of the outstanding shares which have a market value of approximately$1.2 million Recent Financing: Raised over
$1.1 million in a financing round led by Plaza Capital in January 2025Investment in AI: Recent launch of Raidian, an AI business designed to address emerging AI regulations and enhancing AI compliance, safety, and trust-aligning with the rapid demand for AI risk management solutions
"Scryb's assets are valued at
Cybeats Operational and Market Updates
Cybeats continues to demonstrate strong enterprise adoption, with multi-year agreements and increasing Annual Recurring Revenue (ARR). Given its expanding market presence, Scryb has increased its stake through private placements and open-market purchases, reinforcing its confidence in Cybeats' long-term value creation.
Total contract commitments exceed
$7 million (2024), up84% from$3.8 million in the previous period (2023). The vast majority of contract commitments entail annual recurring revenue (ARR)Secured a three year contract with Rockwell Automation (Jan 2025)2
Cybeats reported
148% net revenue retention for 2024, demonstrating strong organic customer growth, and well above the industry benchmark of approximately90% 3Maintains a
90% conversion rate on trial programs converting into commercial licenses, demonstrating strong customer validation and market fit
Please refer to the Company's interim unaudited Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ended December 31, 2024, filed on www.sedarplus.ca for more information.
About Scryb Inc.
Scryb specializes in building and scaling technologies ventures in applied AI, digital health, cybersecurity, and biotech. Its portfolio includes Cybeats Technologies Corp., a leading cybersecurity company in which Scryb maintains a significant ownership stake. For more information, visit http://scryb.ai.
Contact:
James Van Staveren, CEO
Phone: 647-847-5543
Email: info@scryb.ai
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional risk disclosures are available in the Company's filings on https://www.sedarplus.ca/.
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1 https://www.scryb.ai/news/scryb-announces-sale-of-its-joint-venture-interest-in-fionet-rapid-response-group-for-cad35-million-plus-a-royalty
2 https://www.cybeats.com/news/cybeats-signs-multi-year-contract-with-rockwell-automation
3 https://www.cybeats.com/news/cybeats-technologies-provides-update
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243205
FAQ
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