Castellum (NYSE-American: CTM) reported significant progress in Q1 2025, marking its first year-over-year organic revenue growth as a listed company. Revenue reached $11.7 million, up from $11.3 million in Q1 2024 and $10.3 million in Q4 2024. The company reduced its operating loss to $(1.1) million from $(4.0) million in Q1 2024, demonstrating improved cost management. Cash position strengthened to $13.3 million, up from $12.3 million at the end of 2024. Notably, Castellum began executing a new five-year, $103 million contract supporting the U.S. Navy's PMA-290 program, reinforcing its position in federal government cybersecurity and electronic warfare services.
Castellum (NYSE-American: CTM) ha registrato progressi significativi nel primo trimestre del 2025, segnando il suo primo aumento organico dei ricavi su base annua da quando è quotata. I ricavi hanno raggiunto 11,7 milioni di dollari, in crescita rispetto agli 11,3 milioni del primo trimestre 2024 e ai 10,3 milioni del quarto trimestre 2024. L'azienda ha ridotto la perdita operativa a (1,1) milioni di dollari rispetto a (4,0) milioni nel primo trimestre 2024, dimostrando un miglior controllo dei costi. La posizione di cassa si è rafforzata a 13,3 milioni di dollari, rispetto ai 12,3 milioni di fine 2024. In particolare, Castellum ha iniziato l'esecuzione di un nuovo contratto quinquennale da 103 milioni di dollari a supporto del programma PMA-290 della Marina degli Stati Uniti, consolidando la sua posizione nei servizi federali di cybersecurity e guerra elettronica.
Castellum (NYSE-American: CTM) reportó avances significativos en el primer trimestre de 2025, marcando su primer crecimiento orgánico interanual en ingresos como empresa cotizada. Los ingresos alcanzaron los 11,7 millones de dólares, frente a los 11,3 millones en el primer trimestre de 2024 y 10,3 millones en el cuarto trimestre de 2024. La compañía redujo su pérdida operativa a (1,1) millones de dólares desde (4,0) millones en el primer trimestre de 2024, demostrando una mejor gestión de costos. La posición de efectivo se fortaleció a 13,3 millones de dólares, desde 12,3 millones al cierre de 2024. Cabe destacar que Castellum comenzó a ejecutar un nuevo contrato de cinco años por 103 millones de dólares para apoyar el programa PMA-290 de la Marina de EE. UU., reforzando su posición en servicios federales de ciberseguridad y guerra electrónica.
Castellum (NYSE-American: CTM)은 2025년 1분기에 중요한 성과를 보고하며 상장 이후 첫 연간 유기적 매출 성장을 기록했습니다. 매출은 2024년 1분기 1,130만 달러에서 2025년 1분기 1,170만 달러로, 2024년 4분기 1,030만 달러에서 증가했습니다. 회사는 영업 손실을 2024년 1분기 (400만 달러)에서 (110만 달러)로 줄이며 비용 관리가 향상되었음을 보여주었습니다. 현금 보유액은 2024년 말 1,230만 달러에서 1,330만 달러로 강화되었습니다. 특히 Castellum은 미국 해군 PMA-290 프로그램을 지원하는 5년간 1억 3백만 달러 규모의 계약을 시작하여 연방 정부 사이버 보안 및 전자전 서비스 분야에서 입지를 강화했습니다.
Castellum (NYSE-American : CTM) a annoncé des progrès significatifs au premier trimestre 2025, enregistrant sa première croissance organique du chiffre d'affaires d'une année sur l'autre depuis son entrée en bourse. Le chiffre d'affaires a atteint 11,7 millions de dollars, en hausse par rapport à 11,3 millions au premier trimestre 2024 et 10,3 millions au quatrième trimestre 2024. La société a réduit sa perte d'exploitation à (1,1) million de dollars contre (4,0) millions au premier trimestre 2024, témoignant d'une meilleure gestion des coûts. La trésorerie s'est renforcée à 13,3 millions de dollars, contre 12,3 millions à la fin de 2024. Notamment, Castellum a commencé à exécuter un nouveau contrat de cinq ans d'une valeur de 103 millions de dollars soutenant le programme PMA-290 de la marine américaine, consolidant ainsi sa position dans les services fédéraux de cybersécurité et de guerre électronique.
Castellum (NYSE-American: CTM) verzeichnete im ersten Quartal 2025 bedeutende Fortschritte und erzielte als börsennotiertes Unternehmen erstmals ein organisches Umsatzwachstum im Jahresvergleich. Der Umsatz stieg auf 11,7 Millionen US-Dollar, gegenüber 11,3 Millionen im ersten Quartal 2024 und 10,3 Millionen im vierten Quartal 2024. Das Unternehmen reduzierte den operativen Verlust auf (1,1) Millionen US-Dollar von (4,0) Millionen im ersten Quartal 2024, was eine verbesserte Kostenkontrolle zeigt. Die Liquiditätsposition verbesserte sich auf 13,3 Millionen US-Dollar, gegenüber 12,3 Millionen Ende 2024. Bemerkenswert ist, dass Castellum mit der Umsetzung eines neuen fünfjährigen Vertrags über 103 Millionen US-Dollar zur Unterstützung des PMA-290-Programms der US Navy begann und damit seine Position im Bereich der Cybersicherheits- und elektronischen Kriegsführungsdienste für die Bundesregierung stärkt.
Positive
First year-over-year organic revenue growth achieved ($11.7M, up from $11.3M in Q1 2024)
Operating loss reduced significantly to $(1.1M) from $(4.0M) in Q1 2024
Cash balance increased to $13.3M from $12.3M in Q4 2024
Secured and began executing $103M five-year Navy contract
Negative
Company still operating at a loss of $(1.1M) despite improvements
Insights
Castellum shows first year-over-year organic growth with improved financials, signaling potential turnaround despite continued operating losses.
Castellum's Q1 2025 results show meaningful progress in its financial trajectory. The company reported $11.7 million in revenue, representing a 3.5% year-over-year increase from $11.3 million in Q1 2024 and a more substantial 13.6% sequential growth from Q4 2024's $10.3 million. This marks Castellum's first organic growth since becoming publicly listed—a crucial inflection point for a company that has struggled to demonstrate consistent revenue expansion.
The operating loss narrowed substantially to $(1.1) million, a dramatic improvement from the $(4.0) million loss in the year-ago quarter, suggesting management's cost discipline initiatives are yielding results. Cash position strengthened to $13.3 million, up $1 million from year-end 2024, providing enhanced financial flexibility.
Most promising is the execution beginning on their $103 million five-year U.S. Navy PMA-290 contract. This represents approximately $20.6 million in annualized revenue potential, which could significantly boost Castellum's current annual run rate of around $47 million. The contract likely contributed to the Q1 growth and should provide sustainable revenue visibility through 2030.
While the company still operates at a loss, the narrowing deficit coupled with revenue growth and increased cash reserves indicates a possible inflection point. The government-focused cybersecurity and electronic warfare sectors typically feature high barriers to entry but stable, long-term contracts once established. Castellum's improved execution suggests it may be gaining traction in this competitive but potentially lucrative market.
VIENNA, Va., May 09, 2025 (GLOBE NEWSWIRE) -- Castellum, Inc. ("Castellum" or the "Company") (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces certain highlights of its operating results for its first quarter ended March 31, 2025.
Revenue for the first quarter of 2025 was $11.7 million, an increase from $10.3 million in the fourth quarter of 2024 and up from $11.3 million in the first quarter of 2024. This marks the Company’s first year-over-year organic revenue growth as a listed company, signaling a significant turning point in its operational trajectory.
The Company reported a smaller operating loss of $(1.1) million, including non-cash and non-recurring charges, compared to $(1.6) million in Q4 2024 and $(4.0) million in Q1 2024 - reflecting both improved cost discipline and enhanced operating leverage.
In addition to the top-line growth, Castellum ended the quarter with a record cash balance of $13.3 million as of March 31, 2025, up from $12.3 million at December 31, 2024, reinforcing its commitment to financial strength and operational efficiency.
“I’m very encouraged by the momentum in Q1,” said Glen Ives, President and Chief Executive Officer. “Posting our first year-over-year organic revenue growth is a milestone for Castellum. It reflects stronger execution, increased customer confidence, and a more focused approach to delivering results.”
"This five-year, $103 million contract win was a key achievement for our team and is already contributing to our 2025 performance," said Ives. "It fortifies our rock-solid business base and underscores the strength and unmatched talents and professionalism of our people, our in-demand world-class capabilities, the trust our customers place in us, and the strong and steady progress we’re making in building a more resilient, opportunity-rich business for the long term."
Castellum's full financial results for the three months ending March 31, 2025, are expected to be filed later today on Form 10-Q, which will be available at www.sec.gov.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 2lE of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company's expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as "estimate," "project," "believe," "anticipate," "shooting to," "intend," "in a position," "looking to," "pursue," "positioned," "will," "likely," "would," or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations for revenue growth, new customer opportunities, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company's ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company's revenue due to a delay in the U.S. Congress approving a federal budget; and the Company's ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission ("SEC") which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
