earnings
confidence high
sentiment positive
materiality 0.80
Cycurion Q1 2026 net loss cut 51.5%; gross margin up 900 bps; acquires Halo/HavenX for $7M revenue
Cycurion, Inc.
- Q1 2026 revenue $3.3M; gross margin 21.1% (up 900 bps QoQ); net loss $2.6M, improved 51.5% from Q4 2025.
- Binding agreement to acquire Halo Privacy and HavenX, adding ~$7M annual revenue at ~55% gross margin.
- Contracted backlog $112M; expected 12-month revenue $15-17M, increasing to $21-22M with acquisitions.
- SG&A reduced 31.6% to $2.7M; annualized cost savings >$2.2M; EBITDA loss improved 60.2% to $1.9M.