Welcome to our dedicated page for Castellum news (Ticker: CTM), a resource for investors and traders seeking the latest updates and insights on Castellum stock.
Castellum Inc (CTM) provides mission-critical IT solutions and cybersecurity services to defense, healthcare, and financial sectors. This news hub offers investors and industry professionals centralized access to verified corporate developments and strategic announcements.
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Bookmark this page for efficient monitoring of Castellum's evolving capabilities in electronic warfare solutions, intelligence analysis tools, and enterprise IT infrastructure developments. All content is sourced directly from company communications to ensure regulatory compliance and factual accuracy.
Castellum, a cybersecurity and software services company, reported its Q1 2024 financial results. Revenue rose to $11.3 million from $11.1 million in Q4 2023. However, gross profit slightly declined to $4.5 million from $4.6 million. Operating loss increased to $2.7 million from $1.5 million in the previous quarter. The company's non-GAAP Recurring Cash Operating Profit (RCOP) was negative $0.1 million, improving from negative $0.4 million in Q4 2023. CEO Mark Fuller highlighted significant progress in reducing short-term debt through two financing transactions and focused on business development and profitability improvements for the rest of 2024 and into 2025.
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