Highest-materiality recent filing
Castellum subsidiary SSI awarded $4M U.S. Navy ADMACS modernization subcontract
Subsidiary SSI awarded $4M directed subcontract to modernize U.S. Navy's ADMACS system.
Castellum JV wins position on $250M U.S. Navy logistics IT contract
CTM JV, LLC awarded LIIS CMDS MAC with $250M ceiling; Navy competitively awards task orders.
Castellum stockholders re-elect 5 directors, ratify auditor, approve stock plan amendment
All five director nominees elected with 53-65% of votes cast for each; broker non-votes ~22.8M.
Castellum reminds stockholders to vote at 2026 Annual Meeting on May 19
Annual meeting scheduled May 19, 2026 at 10:00 a.m. ET; record date March 20, 2026.
Castellum Q1 revenue up 23% to $14.3M; record backlog $273M; net loss improves to $0.4M
Revenue of $14.3M (+23% YoY); net loss $0.4M ($0.00 EPS) vs $1.2M loss in Q1 2025.
Castellum achieves CMMC Level 2 C3PAO certification with perfect score
Achieved CMMC Level 2 with perfect score on all 110 controls and 320 objectives, no open POA&Ms.
Castellum 2025 revenue up 15.2% to $52.9M; net loss narrows to $2.5M
Revenue $52.9M (+15.2% YoY); operating loss improved to $2.8M from $7.2M.
Castellum retires all debt; final $400K note paid, now debt-free with $14M cash
Paid off $400,000 principal balance on sole remaining note payable to Emil Kaunitz.
Castellum SSI subsidiary wins $49.8M recompete contract for NAWCAD Lakehurst software support
Five-and-a-half year contract for Software Support Activities and cyber engineering for Naval air systems.
Castellum sets $290k base salary for General Counsel Tammy L. Martin; COO salary raised to $290k
Tammy L. Martin enters at-will employment as GC effective Jan 1, 2026, with $290k annual salary and standard benefits.
Castellum GC Jay Wright departs; wins MDA SHIELD IDIQ contracts
Jay O. Wright resigns as EVP Strategy, General Counsel, Secretary, and Board member effective Dec 31, 2025; no dispute.
Castellum completes $2M debt paydown, retires note to Robert Eisiminger, long-term debt zero
Castellum has fully repaid its $2 million promissory note to Robert Eisiminger, leaving no outstanding principal balance.
Castellum posts first-ever positive net income in Q3 2025; revenue $14.6M
First-ever GAAP net income; operating profit of $0.4M, improving from $(7.3)M in Q3 2024
Castellum's SSI subsidiary awarded $66.2M contract from Naval Air Warfare Center
SSI won a $66.2M full-and-open prime contract with no small-business set-aside.
Castellum to attend investor conference; no financial updates provided
Castellum will attend the 2025 Maxim Growth Summit from Oct 22-23 at Hard Rock Hotel NYC.
Castellum subsidiary adds IT services to GSA MAS contract
Specialty Systems, Inc. added SIN 54151S to its GSA MAS contract, enabling bids for IT professional services.
Castellum Advanced Technology Products subsidiary will resell TNI's GuardTower AI cybersecurity products.
Castellum investors exercise 3.67M warrants, raising ~$4.5M at $1.22/share
3,673,666 warrants exercised from June 2025 unit offering, generating $4,481,873 in gross proceeds.
Castellum announces reseller agreement with Quarrio for agentic AI in government
Castellum entered a reseller agreement with Quarrio Corporation for Quarrio's TrustworthyAI platform, targeting U.S. federal government customers.
Castellum Q2 revenue $14M record, operating loss narrows to $0.4M, debt down $3.7M
Record Q2 revenue of $14.0M, up 21.7% YoY and 19.7% sequentially.
Castellum prepays $2M on note, extends $400K note; total debt under $3M
Extended $400,000 note payable to Emil Kaunitz to March 1, 2026; then amortizes $50,000/month for 8 months.
Castellum CEO letter highlights $103.3M contract win, debt reduction to under $5M
Won largest prime contract in CTM history: $103.3M, 5.5-year Special Missions support for NAVAIR PMA 290.
Castellum and AmpliTech sign reseller agreement for low noise amplifiers
Castellum Advanced Technology Products Inc. entered reseller agreement with AmpliTech (Nasdaq: AMPG).
New wholly owned subsidiary Castellum Advanced Technology Products (CATP) formed on June 24, 2025.
Castellum closes $5M public offering of common stock and warrants
Offered 4,166,667 Units at $1.20/Unit, each comprising one share and one warrant.
Castellum prices $5M public offering of units at $1.20/unit, warrants at $1.22
Gross proceeds ~$5M from sale of 4,166,667 units at $1.20/unit.
Castellum retires promissory note 15 months early; long-term debt cut from $12M to under $5M
Retired promissory note with Buckhout Charitable Remainder Trust 15 months before maturity.
Castellum CEO to present at Maxim Group's 2025 Virtual Tech Conference June 3-5
CEO Glen Ives invited to present at '2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow'.
Castellum elects all six directors; shareholders approve 9M share increase in stock plan
Directors elected: Mark S. Alarie, John F. Campbell, Bernard S. Champoux, Glen R. Ives, C. Thomas McMillen, Jay O. Wright.
Castellum reminds stockholders of 2025 annual meeting on May 28, 2025
Annual meeting on May 28, 2025 at 10:00 a.m. ET in Tysons, VA.
Castellum reports Q1 revenue $11.7M, first YoY organic growth; operating loss narrows to $1.1M
Revenue $11.7M in Q1 2025, up from $10.3M Q4 2024 and $11.3M Q1 2024 (first YoY organic growth as listed company).
Castellum reduces $2M of principal on Eisiminger notes, extends maturity to Dec 2027, rate to 10%
$2M principal payment reduces two notes to $4M aggregate; $400k note paid off, $5.6M note now $4M.
Castellum subsidiary GTMR adds Professional Services SIN 541611 to GSA MAS contract
GTMR added SIN 541611 (management/financial consulting, acquisition support, program management) to its GSA MAS contract.
Castellum warns remaining warrant holders of May 16, 2025 expiration deadline
4,500,000 units sold in March 2025 at $1.00/unit; each unit includes 1 share and 1 warrant exercisable at $1.08.
Castellum extends CEO Ives & GC Wright terms; hires CFO Bell; sets FY2025 bonus targets
CEO Glen Ives' term extended to June 30, 2026; FY2025 bonus targets: Net Sales $54.49M min, Adj. EBITDA $1.099M min.
Castellum closes $4.5M public offering of common stock and warrants
Sold 4,500,000 units at $1.00/unit, each consisting of one share and one warrant to buy one share at $1.08.
Castellum closes $4.5M unit offering; subsidiary earns CMMI Level 3 appraisal
Closed public offering of 4,500,000 units at $1.00/unit, each unit = 1 common share + 1 warrant exercisable at $1.08 for 60 days; gross proceeds $4.5M.
Castellum hires Tanya Bassett as VP of Business Development and Capture Management
Tanya Bassett has over 28 years of industry experience and a track record of winning contracts.
Revenue $44.8M (down slightly from $45.2M in 2023); operating loss improved to $7.2M from $16.7M.
Castellum GTMR wins $249M SCI MAC contract for NAWCAD intelligence support
Subsidiary GTMR selected as SCI MAC vendor with $249M shared ceiling effective Feb 21, 2025.
Castellum subsidiary awarded $3.2M contract for NAVAIR cyber supply chain risk management
Specialty Systems, Inc. receives 18-month, $3.2M contract from Naval Air Warfare Center Aircraft Division Lakehurst.
Castellum successfully onboarded two SBA protégés to SeaPort-NxG contract
Epic Systems and Krilla Kaleiwahea onboarded to Navy's SeaPort-NxG via rolling admissions.
Castellum prices $3.7M public offering of 4.355M shares at $0.85/share
4,355,000 shares offered at $0.85 each; gross proceeds ~$3.7M before fees and expenses.
Castellum raises $3.6M in stock offering; wins OASIS+ unrestricted IDIQ contract
Sold 9,473,700 shares at $0.38/share in registered direct offering; gross proceeds ~$3.6M; closed Dec 24, 2024.
Castellum Q3 revenue $11.6M, gross profit $5.0M, both up sequentially
Q3 2024 revenue $11.6M, up from $11.5M (Q2) and $11.3M (Q1).
Castellum announces $4.1M NSF contract win via Epic protégé program
Epic Systems, Inc., Castellum's protégé, awarded $4.1M contract from National Science Foundation for admin services help desk.
Castellum reduces revolving credit from $4M to $2M, adds $250K collateral account
Principal cut to $2M from $4M; collateral account of at least $250K required until debt service covenant replaced.
Castellum promotes Drew Merriman to COO effective September 1, 2024
Merriman fills vacancy created by Glen Ives' promotion to CEO on July 1, 2024.
Castellum Q2 revenue $11.5M, positive adjusted EBITDA $0.3M
Q2 revenue $11.5M, up sequentially from $11.3M in Q1 2024.
Castellum forms strategic alliance with K2; set-aside DOD contracts up to $100M
Castellum (CTM) announces strategic alliance with Krilla Kaleiwahea, LLC (K2) to pursue federal government contracts.
Mr. Bell will be entitled to an annual base salary of $290,000, and to participate in those benefit plans generally available to all employees of the Company.
Effective September 1, 2024, Andrew "Drew" Merriman was appointed as Chief Operating Officer of Castellum, Inc.
Due to her full-time executive duties and monthly overseas travel commitments, Patricia Frost resigned from the Board of Directors effective June 10, 2024.
Glen Ives, currently the Chief Operating Officer of the Company, will become the new CEO, effective July 1, 2024.
Mark C. Fuller, President and Chief Executive Officer ("CEO") of Castellum, Inc. (the "Company") will be stepping down from those positions effective July 1, 2024 to pursue other interests.
On May 23, 2023 Laurie M. Buckhout resigned her position as Chief Revenue Officer of Castellum, Inc. (the “Company”) effective immediately.
Max materiality 0.85 · Median 0.55 · Most common event other_material