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Castellum Inc - CTM STOCK NEWS

Welcome to our dedicated news page for Castellum (Ticker: CTM), a resource for investors and traders seeking the latest updates and insights on Castellum.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Castellum's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Castellum's position in the market.

Rhea-AI Summary
Castellum, Inc. (CTM) announces a new strategic alliance between its subsidiary Specialty Systems, Inc. and Epic Systems, Inc. The alliance aims to leverage SSI's past performance and Epic's small business status to bid on government contracts in IT services and cybersecurity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Castellum, Inc. (CTM) announces record revenue of $45.2 million for 2023, up from $42.2 million in 2022. Despite a net loss of $17.9 million due to non-cash charges for goodwill impairment, the company's RCOP improved throughout 2023, reaching $0.36 million in Q4. Management is optimistic about converting a $600 million sales pipeline into contract wins in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
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Rhea-AI Summary
Castellum, Inc. (CTM) announces the closing of a $4 million financing with Live Oak Bank, securing a revolving credit facility. The company pays down debts, eliminates potential share dilution, and strengthens its financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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Rhea-AI Summary
Castellum, Inc. (CTM) has closed a registered direct offering and a concurrent private placement, raising approximately $2.7 million. The offering consisted of 8,437,501 shares of common stock at an effective offering price of $0.32 per share. The company also issued warrants to purchase up to 8,437,501 shares of common stock at an exercise price of $0.35 per share. The proceeds will be used to strengthen the company's balance sheet and increase liquidity to support business growth. Castellum aims to secure new contract wins in 2024 to improve its income statement and net leverage ratios.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
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Rhea-AI Summary
Castellum, Inc. has entered into a securities purchase agreement with an institutional investor for a registered direct offering and a concurrent private placement, raising an estimated $2.7 million in gross proceeds. The Company will issue 8,437,501 shares of common stock and warrants to purchase the same number of shares at an effective price of $0.32 per share. The warrants will become exercisable upon shareholder approval, with an exercise price of $0.35 per share, and will expire five years from such approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.89%
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Rhea-AI Summary
Castellum, Inc. (CTM) signs a non-binding $4 million debt term sheet with a significant regional bank, aiming to facilitate the partial paydown and extension of 2024 debt maturities until 2025 or later.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.93%
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Rhea-AI Summary
Castellum, Inc. (CTM) Announces Strong Third Quarter 2023 Financial Results with Revenues of $11.7 Million and Positive Non-GAAP Recurring Cash Operating Profit of $194.7 Thousand. President and CEO Mark Fuller highlights cost-cutting efforts and business development opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.63%
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Rhea-AI Summary
Castellum, Inc. announces Bob Eisiminger as Senior Advisor. Eisiminger will focus on organic growth as the company expands its business development efforts. He brings experience in government contracting, IP development, and cybersecurity. Eisiminger sold his previous company, Knight Point Systems, for $250 million in 2019. He is a well-known entrepreneur in the National Capital Region business community and has received accolades for his work.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
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Rhea-AI Summary
Castellum, Inc. announces 2024 budget targets and strategic initiatives
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Rhea-AI Sentiment
End-of-Day
9.37%
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Rhea-AI Summary
Castellum's subsidiary, Specialty Systems, Inc., secures a $3 million, 14-month U.S. Navy contract, reinforcing commitment to the Navy mission.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
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Castellum Inc

NYSE:CTM

CTM Rankings

CTM Stock Data

12.54M
21.53M
55.54%
13.5%
0.16%
Data Processing, Hosting, and Related Services
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United States
Bethesda