Cyberlux Corporation (OTC: CYBL) Releases 2023 Annual Report of Financial and Operational Results [Yahoo! Finance]
CYBERLUX CORP (CYBL)
Company Research
Source: Yahoo! Finance
RESEARCH TRIANGLE PARK, N.C., April 01, 2024 BUSINESS WIRE )--Cyberlux Corporation (OTC: CYBL), a leading provider of innovative defense technology systems, announced that the Company achieved a record Cash Flow quarter for the period ended December 31, 2023. Cyberlux Corporation CEO Mark Schmidt commented on the results: "2023 proved to be a noteworthy year with the strategic restructuring of all Cyberlux business units. The reorganization sharpened our focus on core Department of Defense (DoD) activities and capitalized our strengths in Unmanned Aircraft Technology (UAS) and military communications. This initiative aimed to streamline operations and enhance the company's ability to deliver high-quality products and services to our customers. As a direct result of this strategic realignment, the company achieved immediate success by adding a combined +$105 million in booked revenue, with +$80M in UAS, +$20M in Datron Military Communications (DMC), and +$5M in Special Activities (S
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