Cyberlux Corporation Reports FY 2024 Results with $48.4M in Revenue, 137% Growth Over 2023 and Strong Year-End Positioning

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--March 31, 2025-- 

Cyberlux Corporation (OTC: CYBL), a leading provider of advanced defense technologies, unmanned aircraft systems, military communications and global defense solutions, today announced its financial results for the fiscal year ended December 31, 2024. The Company reported $48.4 million in total annual revenue, marking an increase of $27.9 million or 137% over 2023. The Company also narrowed its net loss by $5.2 million to $4.3 million, demonstrating meaningful progress toward profitability.

The Company is well positioned in 2025 with a $48.5 million current order backlog.

"We finished the year with record revenue and strong execution across our business units," said Mark Schmidt, CEO of Cyberlux Corporation. "With our year-over-year revenue growth, expanded contract wins, and successful integration of Datron, we're entering 2025 with a robust foundation, growing backlog, and clear momentum for the years ahead."

FY 2024 Financial Highlights:

   -- FY 2024 Revenue: $48.4 million, a 137% increase over 2023 
 
   -- Q4 Revenue: $23 million -- highest quarterly performance in Company 
      history 
 
   -- Net Loss: Narrowed by $5.8 million to $4.3 million 
 
   -- Backlog: Ended 2024 with a record backlog of approximately $48.5 million 
 
   -- Key Contract Wins: Secured significant new business across all three 
      business units, including a $22 million contract for aircraft landing 
      systems $(ILS)$ within the Global Integrated Services division 
 
   -- Strategic Milestone: Successfully completed integration of the Datron 
      World Communications acquisition, expanding defense communications 
      capabilities 

"The key takeaway is that our operations are healthy and demand continues to rise," added Schmidt. "We're entering 2025 with strong momentum and a significant backlog for our business units to execute and drive our growth."

Key Financial Performance Metrics:

 
Category                     2024 ($M)    2023 ($M)    2022 ($M) 
-------------------------  -----------  -----------  ----------- 
Revenue                      48.4         20.5         5.0 
YoY Change                   +27.9        +15.5        -- 
 
Cash & Equivalents           5.0          3.2          1.0 
YoY Change                   +1.8         +2.2         -- 
 
Operating Loss               (1.3)        (3.4)        (5.9) 
YoY Change                   +2.1         +2.5         -- 
 
Net Loss to Shareholders     (4.3)        (9.5)        (1.8) 
YoY Change                   +5.2         (7.7)        -- 
 

The Company's 2024 Annual Report, with full financial statements and detailed disclosures, is available on OTC Markets and the Company's Investor Relations portal at https://cyberlux.com/about/#faq.

In addition to the disclosures reflected in the Annual Report as described above, investors and other interested parties are reminded that Cyberlux has an investor relations web page, which is updated periodically to provide transparency. The Company has also updated its FAQ section on the website to provide additional insights for shareholders.

If there is a material development, or sufficient indicated shareholder interest on a particular matter, the Company may issue an appropriate press release, which then is also available through the OTCM website. If a shareholder has a specific question for the Company to address, the shareholder should send an email to IR_CYBL@cyberlux.com.

About Cyberlux Corporation

Cyberlux Corporation (OTC: CYBL) is a leading provider of advanced defense technology solutions, specializing in tactical unmanned aerial systems (UAS), mission-critical military communications, and innovative global defense solutions. The Company develops next-generation military capabilities designed to enhance operational effectiveness for U.S. military, government, and global defense partners.

For more information, visit www.cyberlux.com.

SAFE HARBOR STATEMENT

This Press Release may contain forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's OTC/SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250331441562/en/

 
    CONTACT: 

For media inquiries, please contact: ir_cybl@Cyberlux.com | T: (984) 363-6894

(END) Dow Jones Newswires

March 31, 2025 17:54 ET (21:54 GMT)