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 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 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 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 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.
New wholly owned subsidiary Castellum Advanced Technology Products (CATP) formed on June 24, 2025.
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 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).
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 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 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.
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