secwatch.observer — SEC 8-K summary
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Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001877939-25-000013
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Castellum reports 2024 revenue of $44.8M, narrows operating loss; subsidiary wins $103.3M NAVAIR contract
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- Revenue $44.8M (down slightly from $45.2M in 2023); operating loss improved to $7.2M from $16.7M.
- Adjusted EBITDA $0.8M (vs $0.2M); operating cash flow $1.1M; cash $12.3M, debt $10.7M.
- GTMR subsidiary awarded $103.3M, 5.5-year NAVAIR PMA-290 Special Missions contract; largest ever for Castellum.
- CEO expects strong YoY growth in 2025 on new contract wins; audited 10-K due by March 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000187793925000013/0001877939-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000187793925000013/ctm-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001877939-25-000013

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