Cyberlux Corporation Reports FY 2024 Results with $48.4M in Revenue, 137% Growth Over 2023 and Strong Year-End Positioning [Yahoo! Finance]
CYBERLUX CORP (CYBL)
Company Research
Source: Yahoo! Finance
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 histor
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