DavidLeeRoth
2時間前
$CYCU NEWS: MCLEAN, Va., June 09, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ:CYCU) ("Cycurion" or the "Company"), a leading provider of AI-driven cybersecurity, IT security solutions, and managed services, today announced the successful closing of its acquisition of Secuvant, LLC ("Secuvant"), the creator of the groundbreaking Panoptic platform, through a merger transaction completed on June 2, 2026. This strategic transaction marks a major acceleration of Cycurion's growth strategy.
Panoptic's industry-leading continuous threat and vulnerability visibility, intelligent prioritization, and real-time security insights will significantly expand Cycurion's product portfolio and enhance its ability to deliver higher-margin, recurring revenue solutions to enterprise and government clients.
L. Kevin Kelly, Chief Executive Officer of Cycurion, stated: "This acquisition is a game-changer for Cycurion. It advances our strategy of moving into higher-margin, recurring revenue businesses while increasing the breadth and depth of products that we deliver to our clients. Panoptic is a powerful addition that strengthens our competitive position and creates exciting new cross-selling opportunities across our customer base."
Ryan Layton, former chief executive officer of Secuvant and now serving as an advisor to Cycurion in connection with the integration of the Secuvant business, added: "Panoptic was built to transform how organizations manage cyber risk. By joining forces with Cycurion, we now have the ideal platform to rapidly scale this breakthrough technology and deliver next-generation protection at enterprise scale. The best is yet to come."
The Merger
The merger transaction was completed pursuant to an Agreement and Plan of Merger entered into on May 21, 2026 (the "Merger Agreement"), among Cycurion, Cycurion Merger Sub, LLC, a wholly owned subsidiary of Cycurion ("Merger Sub"), and Secuvant. Under the terms of the Merger Agreement, Merger Sub merged with and into Secuvant in a reverse merger transaction, with Secuvant surviving the merger as a wholly owned subsidiary of Cycurion (the "Merger"). The Merger was consummated on June 2, 2026.
The total consideration for the transaction is approximately $2.875 million, consisting of $875,000 in cash and 888,888 shares of preferred stock (representing approximately $2.0 million in value). In addition, Secuvant equityholders are eligible to receive contingent earn-out payments over a three-year period from 2026 through 2028. The earn-out includes guaranteed annual payments of $100,000 and additional performance-based payments tied to the gross profit generated from certain revenue streams. Any performance-based earn-out amounts will be paid 50% in cash and 50% in shares of Cycurion common stock.
In connection with the closing, Cycurion entered into certain ancillary agreements with Secuvant equityholders, including registration rights, lock-up, leak-out and escrow arrangements.
Strategic Benefits:
Higher-Margin Expansion: Adds a premium, SaaS-like recurring revenue platform to the portfolio.
Product Leadership: Broadens Cycurion's cybersecurity offerings with best-in-class threat visibility and prioritization capabilities.
Accelerated Growth: Creates cross-selling opportunities and strengthens Cycurion's position in a fast-growing market.
Aligned Economics: Structured with performance-based earn-outs tied directly to Panoptic's future success.
About Cycurion, Inc.
Cycurion, Inc. (NASDAQ:CYCU) is a leader in AI-driven cybersecurity and national security solutions. The Company delivers integrated platforms and expert services to protect critical systems, ensure operational resilience, and support clients across government, enterprise, and high-profile sectors. For more information, visit www.cycurion.com.
About Secuvant
Secuvant is an independent IT security firm providing enterprise-grade cybersecurity services, risk management, and managed solutions to mid-market organizations. Founded in 2014, it specializes in managed security services, threat and vulnerability management and compliance using its Cyber7™ framework. For more information, visit www.secuvant.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion's business.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the anticipated benefits of the Secuvant acquisition and the Panoptic platform; the Company's ability to successfully integrate Secuvant's business, operations, personnel and technology; the ability of the combined company to achieve anticipated synergies, operational efficiencies, recurring revenue growth, increased margins or expanded market opportunities; the Company's ability to realize anticipated cross-selling opportunities and accelerate its inorganic growth strategy; the future performance and scalability of the Panoptic platform; the Company's ability to retain customers and key personnel; the achievement of any earn-out milestones; the continued execution on the Company's backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, risks associated with the integration of Secuvant and its operations into the Company; the possibility that the anticipated benefits, synergies and strategic advantages of the acquisition and the performance of the combined company may not be realized or may take longer than expected to realize, the risk that the combined company may not achieve expected revenue growth, recurring revenue expansion, profitability improvements, cost savings, operational efficiencies, or market acceptance, risks related to customer retention, employee retention and the integration of technology platforms; risks related to the Company's ability to successfully commercialize and scale the Panoptic platform; risks associated with retaining and expanding relationships with enterprise and government customers following the acquisition, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company's ability to fulfill contractual obligations, the outcomes of the Company's investigations, any potential legal proceedings, or the future performance of the Company's stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion's plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
ProfitScout
2週前
$CYCU News: Cycurion Executes Seamless Chief Financial Officer Transition with Appointment of Ana Garcia
MCLEAN, Va., May 28, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a pioneering AI-driven cybersecurity and government technology solutions provider, today announced the appointment of Ana Garcia as Chief Financial Officer, effective June 1, 2026. Ms. Garcia succeeds Alvin McCoy III, who will step down as Chief Financial Officer on May 31, 2026 and transition into a strategic advisory role focused on advancing the Company’s strategic growth initiatives.
Ms. Garcia brings more than 20 years of senior finance leadership experience across public and private technology companies, including businesses in financial services, tech-enabled services and subscription software. Most recently, she served as Vice President of Finance and Interim Chief Financial Officer at KLDiscovery, a global provider of electronic discovery, information governance, and data recovery services. Earlier in her career, she held senior finance positions at Edelman Financial Services (now Edelman Financial Engines), MicroStrategy (now Strategy Inc.), Spacenet, Inc. (now SageNet), and Savvis (now Lumen Technologies), where she built high-performing FP&A teams, led board-level reporting, and supported M&A execution and post-merger integration.
“Ana is an outstanding addition to our leadership team,” said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. “Her extensive public-company expertise, operational rigor, and proven ability to scale finance functions will be instrumental as we drive both organic growth and strategic M&A. This leadership transition is smooth and positions us well for our next phase of growth. I also want to thank Alvin for his significant contributions and am pleased he will continue supporting our momentum in a strategic advisory capacity.”
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit http://www.cycurion.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding he expected benefits of the Company’s leadership transition, including the contributions of the incoming Chief Financial Officer and the ongoing advisory role of the outgoing Chief Financial Officer, the acceleration of the Company’s inorganic growth strategy; the continued execution on the Company’s backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements.
All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company’s ability to fulfill contractual obligations, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
https://www.globenewswire.com/newsroom/ti?nf=OTcyODE2OSM3NjI1NzY3IzIyOTg5MDA=
https://ml.globenewswire.com/media/NmQyMWZjOWQtNTBiMi00MzdiLWE3MmYtMzYzNjE0YzlmYTczLTEzMTA0NTAtMjAyNi0wNS0yOC1lbg==/tiny/Cycurion.png
Source: Cycurion
Trooperstocks
3週前
$CYCU News: Cycurion Acquires Secuvant, Supercharging AI-Driven Cybersecurity with Automated, Scalable Threat Defense – Perfectly Complements HavenX Platform
Fri, May 22, 2026 at 8:30 AM EDT
MCLEAN, Va., May 22, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leading provider of AI-driven cybersecurity, IT security solutions, and managed services, today announced the acquisition of Secuvant, LLC (“Secuvant”), a premier provider of enterprise-grade cybersecurity and risk management services. This strategic move dramatically strengthens Cycurion’s MDR, threat and vulnerability management, and compliance capabilities — delivering immediate firepower for mid-market and enterprise clients in construction, agriculture, financial services, utilities, manufacturing, and critical infrastructure.
The transaction is expected to contribute approximately $3 million in annualized revenue and approximately $1.5 million in EBITDA for fiscal year 2026.
Strategic Synergies
Secuvant’s expertise in cyber risk management, SOC-as-a-Service, incident response, and its proprietary Cyber7™ methodology, together with Panoptic’s advanced risk logic and threat vulnerability prioritization platform, integrates seamlessly with Cycurion’s AI-powered ARx platform and cybersecurity solutions. Together they deliver compelling advantages, including:
True end-to-end protection — from proactive risk assessment to automated detection, rapid response, and full recovery.
Powerful cross-selling momentum across Cycurion’s extensive government, corporate, and high-profile client base, accelerating revenue growth.
Major operational efficiencies, faster time-to-value, and richer threat intelligence through unified platforms.
Reinforced leadership in regulated industries and critical infrastructure.
Seamless Integration with HavenX – Unlocking Scalable Automation
This acquisition aligns perfectly with Cycurion’s recent HavenX integration (via Halo Privacy). While HavenX and Secuvant share strong capabilities in threat detection, attribution, monitoring, and response, Secuvant adds a decisive edge: highly automated, low-manual workflows through its Panoptic platform and cyberRPM tools that provide 24/7 protection with minimal human intervention.
The combined platform creates a true next-generation cybersecurity powerhouse. AI-driven monitoring and intelligent vulnerability prioritization now operate at machine speed — slashing operational overhead, accelerating threat mitigation, reducing costs, and unlocking major new opportunities in high-margin, technology-enabled services. Clients may gain proactive, always-on defense, visibility, and prioritization that scales effortlessly in today’s explosive threat environment.
“This acquisition marks a major milestone in our mission to fix what’s broken in cybersecurity,” said Kevin Kelly, Chairman and CEO of Cycurion. “Secuvant’s proven tools and expertise, combined with HavenX, let us deliver truly automated, scalable solutions that drive superior client outcomes and immediate financial impact.”
Merger Overview
The total consideration for the transaction is approximately $2.875 million, consisting of $875,000 in cash and 888,888 shares of preferred stock (representing approximately $2.0 million in value). In addition, Secuvant equityholders are eligible to receive contingent earn-out payments over a three-year period from 2026 through 2028. The earn-out includes guaranteed annual payments of $100,000 and additional performance-based payments tied to the gross profit generated from certain revenue streams. Any performance-based earn-out amounts will be paid 50% in cash and 50% in shares of Cycurion common stock.
The transaction is expected to close within 7 to 10 days, subject to customary closing conditions set forth in the Merger Agreement.
About Cycurion, Inc.
Cycurion, Inc. (NASDAQ: CYCU) is a leader in AI-driven cybersecurity and national security solutions. The Company delivers integrated platforms and expert services to protect critical systems, ensure operational resilience, and support clients across government, enterprise, and high-profile sectors. For more information, visit www.cycurion.com.
About Secuvant
Secuvant is an independent IT security firm providing enterprise-grade cybersecurity services, risk management, and managed solutions to mid-market organizations. Founded in 2014, it specializes in managed security services, threat and vulnerability management and compliance using its Cyber7™ framework. For more information, visit www.secuvant.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction contemplated by the binding agreement, including the likelihood, timing, structure or consummation of the transaction; the anticipated benefits of the transaction; Company’s ability to successfully integrate Secuvant’s business, operations and technology; the acceleration of the Company’s inorganic growth strategy; the continued execution on the Company’s backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the failure to satisfy closing conditions to the proposed transaction, delays in or inability to complete the transaction, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company’s ability to fulfill contractual obligations, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
DavidLeeRoth
3週前
$CYCU NEWS: Cycurion Acquires Halo Privacy and Integrates HavenX, Creating a Powerful New AI-Driven Platform for Government-Grade Privacy, Secure Communications, and Active Defense
May 20, 2026 | Globe Newswire
MCLEAN, Va., May 20, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ:CYCU) ("Cycurion" or the "Company"), a leader in AI-driven cybersecurity and national security solutions with trusted relationships across the U.S. Government, numerous leading corporations, and high-profile individuals across all industries, today announced the strategic acquisition of Halo Privacy and the full integration of HavenX, which is expected to close at the end of June 2026, significantly expanding its portfolio of elite, mission-critical security capabilities. This combination unites two highly respected teams and their complementary technologies to deliver an end-to-end integrated solution for high-stakes government and private-sector clients operating in hostile digital environments.
Halo Privacy, a trusted leader in secure communications since 2015, generated $7 million in total revenue in 2025, including $5.5 million in high-quality annual recurring revenue (ARR) and strong gross margins. The company's predictable, high-margin recurring revenue model is anchored by long-term contracts with U.S. government agencies, which represent approximately 95% of its business, along with preferred vendor status and an exceptional track record of renewals. Momentum is accelerating following the award of a multi-year, multimillion-dollar government contract entered into in March 2026.
HavenX brings world-class digital investigations, OSINT, attribution, cyber-harassment tracking, and threat actor identification expertise that complements Halo Privacy's advanced privacy and secure communications infrastructure. Together, they create a seamless, AI-augmented platform that protects users from link analysis and data compromise while enabling proactive intelligence and decisive active defense capabilities.
"We are thrilled to welcome the Halo Privacy and HavenX teams to the Cycurion family," said Kevin Kelly, CEO of Cycurion. "Their operational tradecraft, battle-tested expertise, and relentless focus on defeating sophisticated adversaries align perfectly with our mission. This is more than an acquisition — it's the creation of something far more powerful: a unified platform that delivers privacy, secure communications, and active defense at the highest levels. We also see tremendous opportunity on the corporate side to expand this business, as secure communications are paramount in today's business world when conducting sensitive operations. With AI-powered applications like Halo Link, we are bringing the same government-grade protection to investment banks, healthcare organizations, R&D-intensive enterprises, law firms, and C-suite executives who demand the highest levels of privacy and security."
Halo Privacy's solutions — built from an attacker's perspective by former U.S. government field operators and communications specialists — combine commercial off-the-shelf components, military-grade cryptography, proprietary technology, and advanced operational methods to deliver total data control, managed attribution, link-breaking capabilities, and resilient private networks. These state-of-the-art capabilities have earned the enduring trust of federal law enforcement, military, and special operations communities.
With this integration, Cycurion is now accelerating its expansion into the private sector, bringing the same government-proven privacy and security technologies — enhanced by AI-powered applications including the Halo Link secure messaging app — to high-net-worth individuals, investment banks, healthcare organizations, R&D-intensive enterprises, law firms, C-suite executives, and other organizations that require the highest levels of protection.
About Halo Privacy
Halo Privacy, with more than 10 years of expertise, develops cutting-edge, privacy-first secure communication tools engineered for the highest security standards, including the revolutionary Halo Link app.
About HavenX
HavenX is a leading digital investigations and attribution firm focused on cyber-harassment, defamation tracking, OSINT, IP geolocation, breach intelligence, and high-confidence threat actor identification.
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ:CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com.
Trooperstocks
3週前
$CYCU Cycurion, Inc. (CYCU) Is Emerging as a High-Margin Cybersecurity Growth Stock in 2026
Laiba Immad
Tue, May 19, 2026 at 7:09 AM EDT 2 min read
We recently compiled a list of the 10 Best Penny Stocks Under $1 According to Hedge Funds. Cycurion, Inc. (NASDAQ:CYCU) is among the best penny stocksto invest in.
CYCU reported first-quarter 2026 financial results on May 14, highlighting major operational and margin improvements as part of its ongoing business transformation. The company stated that gross margins nearly doubled during the quarter while operating expenses declined significantly.
Cycurion, Inc. (NASDAQ:CYCU) also executed binding agreements to acquire Halo Privacy and HavenX, transactions expected to contribute about $7 million in annualized contracted revenue at roughly 55% gross margin after closing. Combined with the company’s existing backlog projected to generate approximately $15 million to $17 million in annual revenue, the acquisitions are expected to increase near-term contracted revenue visibility to around $21 million to $22 million over one year. Management said the company continues shifting away from lower-margin legacy operations while expanding investment into its AI-focused cybersecurity platforms and long-term profitability strategy.
Is Cycurion, Inc. (CYCU) Emerging as a High-Margin Cybersecurity Growth Stock in 2026?
Is Cycurion, Inc. (CYCU) Emerging as a High-Margin Cybersecurity Growth Stock in 2026?
In a recent development, TheFly reported on May 7 that CYCU announced that it has signed a binding agreement to acquire Halo Privacy, including its HavenX digital investigations operations, as part of its broader cybersecurity expansion strategy. The company expects the transaction to close within approximately 45 days, with the required audit process already underway ahead of completion.
Through the acquisition, CYCU plans to integrate Halo Privacy’s Halo Link technology and HavenX’s investigative capabilities with its existing cybersecurity infrastructure. The combination is intended to strengthen the company’s privacy protection, digital defense, and intelligence offerings across commercial and government markets. Management stated that the expanded platform will support more advanced security solutions while leveraging expertise from professionals with extensive national security and cybersecurity experience.
Cycurion, Inc. (NASDAQ:CYCU) is a cybersecurity and IT solutions company based in McLean. It provides network security, cloud management, and AI-driven threat detection services for businesses, healthcare organizations, and government agencies.
https://finance.yahoo.com/markets/stocks/articles/cycurion-inc-cycu-emerging-high-110923955.html
DavidLeeRoth
4週前
$CYCU NEWS: Cycurion Reports First Quarter 2026 Results
Delivers 900 Basis Point Gross Margin Expansion, Net Loss Cut 51% and $21 to $22 Million Annual Revenue Visibility Turnaround Momentum
MCLEAN, Va., May 14, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) ("Cycurion" or the "Company"), a leader in AI-driven cybersecurity and national security solutions with trusted relationships across the U.S. Government, numerous leading corporations, and high-profile individuals across all industries, announced today results for the first quarter ended March 31, 2026.
"The first quarter of 2026 marks a clear inflection point in our transformation," said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. "We nearly doubled gross margins, significantly reduced operating expenses and executed binding agreements to acquire Halo Privacy and HavenX, which adds approximately $7 million in annualized contracted revenues at approximately 55% gross margin once the deal closes. Combined with our existing contracted backlog, which we expect to deliver approximately $15 million to $17 million in annual revenue, the addition of Halo Privacy and HavenX will increase our contracted backlog we estimate to convert to revenue in a one year period to approximately $21 million to $22 million. We are executing with discipline - exiting lower margin legacy work, reducing costs and reinvesting in our AI-driven platforms. I am confident in our path to profitability and long-term shareholder value."
Highlights of First Quarter 2026 as Compared to Fourth Quarter 2025
Revenue of $3.3 million, which reflects the planned wind-down of certain legacy contracts ahead of the ramp of higher-margin replacement work.
Gross margin expanded 900 basis points to 21.1% from 12.1%, nearly doubling as a result of a deliberate shift to higher-margin contracts and disciplined cost management.
Selling, general and administrative expenses decreased $1.3 million, or 31.6%, to $2.7 million.
Net loss improved 51.5% to $2.6 million from $5.3 million.
EBITDA loss improved 60.2% to $1.9 million from $4.9 million.
Strategic and Operational Momentum
Halo Privacy and HavenX Acquisition (Binding Agreement May 2026): Adds approximately $7 million in estimated annualized contracted revenue with a gross margin of approximately 55%. Brings industry-leading secure communications technology (including the Halo Link app) and elite digital investigations/attribution capabilities (HavenX), expanding Cycurion's presence in high-growth markets.
Robust Contract Backlog: Consistent with prior disclosures, the Company's $112 million contracted backlog is expected to realize approximately $15 million – $17 million over the next twelve months, which the addition of Halo Privacy and HavenX upon closing, this expectation increases to approximately $21 million – $22 million over a one year period.
Cost Reduction Initiatives: Organizational realignment on track to generate over $2.2 million in annualized savings, with meaningful benefits already reflected in first quarter of 2026 selling, general and administrative expenses.
Acquisition Pipeline: Continued advancement of the revised Memorandum of Understanding to acquire Kustom Entertainment's Legacy Video Solutions segment (expected to add approximately $5.1 million in annual revenue and approximately $8 million in contracted backlog).
About Cycurion
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com.
About Halo Privacy
Halo Privacy, with more than 10 years of expertise, develops cutting-edge, privacy-first secure communication tools engineered for the highest security standards, including the revolutionary Halo Link app.
About HavenX
HavenX is a leading digital investigations and attribution firm focused on cyber-harassment, defamation tracking, OSINT, IP geolocation, breach intelligence, and high-confidence threat actor identification.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion's business.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction contemplated by the binding agreement, including the likelihood, timing, structure or consummation of the transaction; the anticipated benefits of the transaction; the acceleration of the Company's inorganic growth strategy; the continued execution on the Company's backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company’s ability to fulfill contractual obligations, the outcomes of the Company's investigations, any potential legal proceedings, or the future performance of the Company's stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion's plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
DavidLeeRoth
1月前
$CYCU NEWS: Cycurion (CYCU) Acquires Halo Privacy and HavenX to Build Comprehensive Secure Communications and Digital Defense Platform
MCLEAN, Va., May 07, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a leader in AI-driven cybersecurity and national security solutions with trusted relationships across the U.S. Government, numerous leading corporations, and high-profile individuals across all industries, today announced it has executed a binding agreement to acquire Halo Privacy, an industry-leading secure communications company, and fully integrate its elite digital investigations and attribution arm, HavenX.
The Company expects to close the transaction within 45 days, as the required audit has been underway for the past several weeks. This acquisition builds on Cycurion’s disciplined growth strategy by delivering innovative new products and capabilities that directly address its clients’ evolving needs for security, privacy, proactive threat defense and operational efficiency.
This acquisition reflects CEO Kevin Kelly’s broader strategic vision to transform Cycurion into a technology-enabled, AI-first security company. Under Mr. Kelly’s leadership, Cycurion is executing a deliberate transformation—building a platform that delivers advanced cybersecurity, privacy, and digital defense capabilities not only to U.S. Government agencies and leading corporations, but increasingly to the retail consumer market. This expansion marks a significant evolution in Cycurion’s addressable market, democratizing access to enterprise-grade security tools for businesses and individuals of all sizes.
Halo Privacy, a pioneer in privacy- and security-first communications with more than 10 years of specialized expertise, brings approximately $7 million in revenue and $5.5 million in high-quality annual recurring revenue (ARR), with trailing ARR representing approximately 80% of revenue, along with a robust gross margin profile of approximately 55%. The transaction provides immediate top-line growth and substantial back-office cost synergies through streamlined operations, shared infrastructure, and operational efficiencies.
At its core is Halo Link, Halo Privacy’s groundbreaking secure and private messaging and voice application now available in the App Store. Purpose-built with state-of-the-art end-to-end encryption and true user anonymity, Halo Link delivers advanced privacy and security features designed to meet the most demanding operational and personal requirements.
HavenX completes the privacy and security portfolio with world-class digital investigation capabilities, including open-source intelligence (OSINT), cyber-harassment and defamation attribution, IP geolocation, breach-data correlation, and high-confidence threat-actor identification. As demonstrated in recent high-profile cases—such as the Nemesis investigation that successfully attributed coordinated defamation and harassment campaigns against Cycurion executives—HavenX transforms passive privacy into active, intelligence-driven defense.
The combined solution delivers powerful new synergies for public safety and national security users. U.S. Government and private-sector clients alike will now benefit from a single, trusted platform that pairs secure anonymous communications with real-time threat attribution and digital defense capabilities that directly enhance mission-critical operations, protect personnel and assets, and strengthen overall public safety posture.
“This acquisition exemplifies Cycurion’s continued execution of its growth strategy while serving our clients with cutting-edge new products,” said Kevin Kelly, CEO of Cycurion. “By uniting Halo Privacy’s revolutionary Halo Link technology and HavenX’s elite digital investigations expertise with our own cybersecurity architecture, we are delivering the most advanced privacy and defense ecosystem available. Our world-class team—comprised of top-tier professionals with extensive national security backgrounds—ensures our clients receive unmatched expertise and support.”
“My strategic plan for Cycurion has always been to harness the power of AI and advanced technology to reshape how security is delivered—moving from a services-driven model to a scalable, technology-enabled platform. Today, that means serving government and enterprise clients with unmatched capabilities. Tomorrow, it means bringing those same world-class tools to the retail consumer market, giving every individual and business the protection they deserve. This is how Cycurion plans to become a defining force across every segment of the security industry.”
The platform directly addresses the full spectrum of modern digital risks while providing immediate financial and operational value:
Secure and anonymous communications via Halo Link;
Advanced cryptography engineered to withstand tomorrow’s threats;
Proactive threat attribution and intelligence powered by HavenX’s Nemesis-class capabilities;
High-quality, recurring revenue with trailing ARR at approximately 80% of Halo’s revenue;
Significant back-office synergies and accelerated growth;
Expansion into the retail consumer market, delivering enterprise-grade privacy; and security tools to individuals and businesses of all sizes.
This strategic move positions Cycurion at the forefront of the rapidly expanding secure communications, digital privacy, and public safety technology markets.
About Halo Privacy
Halo Privacy, with more than 10 years of expertise, develops cutting-edge, privacy-first secure communication tools engineered for the highest security standards, including the revolutionary Halo Link app.
About HavenX
HavenX is a leading digital investigations and attribution firm focused on cyber-harassment, defamation tracking, OSINT, IP geolocation, breach intelligence, and high-confidence threat actor identification.
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction contemplated by the binding agreement, including the likelihood, timing, structure or consummation of the transaction; the anticipated benefits of the transaction; the acceleration of the Company’s inorganic growth strategy; the continued execution on the Company’s backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company’s ability to fulfill contractual obligations, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
https://www.globenewswire.com/newsroom/ti?nf=OTcxNTQ5OSM3NTkwMDc4IzIyOTg5MDA=
https://ml.globenewswire.com/media/MGQ1MTZhYzUtOTBkMC00Zjk1LThlMzgtYjEzOTJhYWVmYjQyLTEzMTA0NTAtMjAyNi0wNS0wNy1lbg==/tiny/Cycurion.png Source: Cycurion
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