Castellum Q2 2023 revenue $12.5M; operating loss narrows to $1.9M

Castellum, Inc.

2023-Q2 EPS reported -$0.14 revenue$22,412,815

Revenue of $12.5M, up from $9.9M in Q1 2023.
Gross profit $5.2M (margin >40%); operating loss of $1.9M vs. $4.7M in Q1.
Non-GAAP recurring cash operating profit positive $86K vs. negative $455K in Q1.
Cash from operations $0.6M, improved from negative $2.4M in Q1.
CEO cites cost cutting and growing M&A pipeline; expects further margin improvement in Q3/Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Castellum, Inc. reported the second quarter ended June 30, 2023 results: revenue $12.5 million.

Period: the second quarter ended June 30, 2023
Revenue: $12.5 million
Result: reported results

Exact text from the filing

on the federal government, announces highlights of its operating results for its second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights • Revenues were $12.5 million compared to $9.9 million during the first quarter of 2023. • Gross profit was $5.2 million compared to $4 million during the first quarter of 2023. • Operating loss, inclusive of

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Source: SEC EDGAR

accession 0001575872-23-001322

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