secwatch.observer — SEC 8-K summary
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Issuer:     Cycurion, Inc. (CYCU)
CIK:        0001868419
Form:       8-K
Filed at:   2026-10-16T11:41:34+00:00
Accession:  0001868419-26-000054
Event type: other_material
Sentiment:  positive
Materiality: 0.68
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Cycurion wins $54.6M/10-yr HHS contract, relaunches as AI predictive cybersecurity firm
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- $54.6M, 10-year contract (largest ever) via a global consulting firm to modernize a state Health and Human Services system; work starts Nov 2026, revenue begins Q4 toward >$5M ARR in 2027.
- Relaunched Oct 14 as a predictive cybersecurity company with ex-U.S. Intelligence Community experts; first AI capability due in weeks, Panoptic web app this quarter, unified platform early 2027.
- Digital Ally Video Solutions adds ~$5.5M annual revenue, >$1.2M EBITDA and 800+ police agencies; pro forma run rate ~$30M; Secuvant ~$3M revenue; Chicago 2026 forecast $843,028.
- Nasdaq confirmed Oct 1, 2026 that CYCU regained the $1.00 minimum bid price requirement; Panel Monitor runs to Oct 1, 2027; CEO says no further reverse split anticipated.
- Q2 gross margin rose to 29.1% from 6.1%; adjusted EBITDA loss narrowed to $1.4M from $2.1M; break-even targeted by Q2 2027; CEO warns near-term dilution likely.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000054/0001868419-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868419/000186841926000054/cycu-20261013.htm
  HTML page:      https://secwatch.observer/filing/0001868419-26-000054

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