secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001641172-25-024421
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 revenue down 22% to $3.9M; net loss $5.3M; $69M in new contracts; adj. loss $0.04/shr
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- Q2 net revenues $3.9M (-22.3% YoY); gross profit $0.2M (-77%); net loss $5.3M vs income $0.3M in Q2 2024.
- Adjusted net loss per share $0.04 after removing $677k merger costs, $1M consulting comp, $1M stock comp, $900k preferred conversions.
- Q2 adjusted EBITDA loss $(1.0M) vs positive $0.7M in Q2 2024; H1 net loss $15.5M.
- Secured $69M in contracts including $33M higher-ed renewal (through 2030) and $22M state police award.
- Working capital deficit $14.3M; cash $1.0M; converted $3.5M debt to equity in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000164117225024421/0001641172-25-024421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000164117225024421/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-024421

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