Cycurion Q1 2025 Financial Results: Revenues Rise to $3.9M, Net Loss Widens to $10.2M, EPS at $(0.56)

Reuters
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<a href="https://laohu8.com/S/CYCU">Cycurion</a> Q1 2025 Financial Results: Revenues Rise to $3.9M, Net Loss Widens to $10.2M, EPS at $(0.56)

Western Acquisition Ventures Corp. has released its financial results for the first quarter of 2025. Cycurion, Inc., a company under its portfolio, reported revenues of $3.9 million. Gross profit increased by 95.4% year-over-year to $677,673, reflecting a 17.5% gross margin, compared to $346,714 and an 8.2% gross margin in the first quarter of 2024. This improvement signifies a strategic focus on more profitable business ventures. The company achieved an adjusted EBITDA of $245,062, marking a significant improvement from a negative adjusted EBITDA of $(68,803) in the same period last year. However, Cycurion reported a net loss of $(10.2) million, primarily due to $9.3 million in non-recurring pre-tax charges of non-cash stock compensation expenses and $1.2 million in merger-related expenses. This contrasts with a net loss of $(0.3) million in the first quarter of 2024. Significant business updates include Cycurion's listing and commencement of trading on the Nasdaq Global Select Market following a business combination with Western Acquisition Ventures Corp. in February 2025. The company has also focused on expanding its AI-driven SaaS ARx Cybersecurity Platform, which has contributed to margin expansion and strengthened its market position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Acquisition Ventures Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014124), on June 06, 2025, and is solely responsible for the information contained therein.

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