secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K/A
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001868419-26-000024
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cycurion reports $112M backlog, $1.35M new health contract revenue; trading at 0.5x revenue
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- $112M contracted backlog provides multi-year revenue visibility; public health contracts to add $1.35M in 2026 revenue ($1.165M ARR).
- Implemented $2.2M in annualized cost savings; net debt reduced >70% to under $3M with $5M cash.
- Trading at ~0.5x trailing revenue, a discount to cybersecurity peers at 5-12x; expects valuation re-rating.
- Initiated John Doe lawsuit against parties involved in defamatory campaigns; litigation hold letters to 16 market makers.
- Online investor event with CEO on April 21 hosted by FORCE Family Office; new Fortune 500 contract supporting US agency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000024/0001868419-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000024/cycu-20260415.htm
  HTML page:      https://secwatch.observer/filing/0001868419-26-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer