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. reports news on its federal-government technology services business, including cybersecurity, electronic warfare, software engineering, information technology, and mission-support work. Company updates commonly cover financial results, organic revenue growth, backlog, prime contract wins, recompete awards, and work performed through subsidiaries and joint ventures for defense customers.
Recurring developments also include CMMC Level 2 C3PAO certification, balance-sheet actions such as debt retirement, business development investments, M&A strategy, and product or capability expansion in areas such as extended reality, digital engineering, model-based systems engineering, artificial intelligence, and machine learning-enabled applications.
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BETHESDA, Md., April 26, 2023 – Castellum (NYSE-American: CTM) announced that EF Hutton has initiated research coverage with a “Buy” rating. CEO Mark Fuller expressed enthusiasm about this coverage, which follows their previous assistance during Castellum's uplisting in October.
Castellum aims to grow its business aggressively through both organic growth and acquisitions, with one non-binding letter of intent under consideration and discussions with multiple companies for potential transactions. The company is tracking and converting several growth opportunities into revenue this year. Forward-looking statements in the release highlight the inherent uncertainty in achieving these goals, emphasizing the need for caution regarding the non-binding acquisition prospects.
BETHESDA, Md., March 23, 2023 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) announces the successful acquisition of Global Technologies Management Resources, Inc. (GTMR), a government contractor with $10 million in revenue. This deal, structured as a 'tax-free' reorganization, makes Castellum's revenue run rate exceed $50 million. The transaction is immediately accretive to revenue per share, recurring cash operating profit per share, and net income per share. An audit of GTMR’s financials for 2022 is in progress and expected to complete within 60 days. Castellum aims to further accelerate growth and plans additional acquisitions in the near future.