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. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government. The CTM news feed on Stock Titan brings together company press releases and related coverage so readers can follow how Castellum’s contracts, technology initiatives, and corporate actions evolve over time.
Recent news emphasizes Castellum’s role in supporting U.S. national security and defense missions. Announcements highlight prime contract awards to its Specialty Systems, Inc. subsidiary for Software Support Activities and cyber engineering at the Naval Air Warfare Center Aircraft Division Lakehurst, as well as logistics, engineering, and cyber support services for naval aviation systems. Other releases describe participation in the Missile Defense Agency SHIELD Multiple Award IDIQ contracts, where Castellum and its joint ventures support multi-domain defense efforts that involve cyber, electronic and information warfare, and advanced engineering approaches.
Investors and observers can also see updates on Castellum’s financial performance, capital structure, and strategic initiatives. The company has reported quarterly financial results, debt reduction milestones, and proceeds from warrant exercises, alongside commentary on its approach to organic growth, product development, and mergers and acquisitions. Additional items include the addition of IT professional services capabilities on a GSA Multiple Award Schedule contract, attendance at investor conferences, and the launch of a product-focused subsidiary and reseller agreement for AI-based cybersecurity products.
By following CTM news, readers gain insight into Castellum’s contract pipeline, national security–related work, and technology focus areas. This page aggregates those developments in one place so users can review new announcements and revisit prior disclosures when researching the CTM stock and its federal government–oriented business.
Castellum, Inc. (NYSE-American: CTM) announced significant insider stock purchases by CEO Mark Fuller and CFO David Bell, reflecting confidence in the company's future. The firm reported record revenues and gross margins over 40% during Q3 2022, alongside a letter of intent to acquire an East Coast company generating $10 million in revenue. The purchases were made with personal funds, underscoring the executives' belief in Castellum's strategic direction. Detailed information on these transactions can be found in SEC Form 4 filings.
Castellum, Inc. (CTM) reported record revenues of $11.12 million for the third quarter ended September 30, 2022, with a gross profit of $4.65 million. Despite a GAAP operating loss of $2.05 million, the company achieved a Non-GAAP Recurring Cash Operating Profit of approximately $645,000. Strong gross margins exceeding 40% were noted. Management expressed confidence in future growth, highlighting a letter of intent for a $10 million revenue acquisition. The full financial results are available on the SEC website.
Castellum, Inc. (NYSE AMERICAN: CTM) has signed a Letter of Intent to acquire a government contractor on the East Coast with approximately $10 million in revenue. The deal is pending due diligence and a definitive purchase agreement, aiming for closure by the end of January 2023. If successful, this acquisition would elevate Castellum's revenue run-rate to over $54 million and enhance its service capabilities to government clients. The company is also optimistic about future acquisitions in 2023, buoyed by record revenue reported for Q3 2022.
Castellum, Inc. (NYSE American: CTM) announced the appointment of Skyline Corporate Communications Group, LLC to enhance its investor relations and corporate communications. This decision follows Castellum's recent listing on the NYSE American and aims to broaden its investor base. CEO Mark Fuller highlighted the importance of effectively communicating the company's growth strategies and milestones to support its objectives in cybersecurity and IT services. Skyline will aid in conveying Castellum’s corporate narrative to the financial community, enhancing shareholder value through strategic messaging.
Castellum, Inc. (NYSE-American: CTM) reported a record revenue of approximately $11.1 million for Q3 2022, highlighting significant growth in its cybersecurity and IT services. The company anticipates publishing its full financial results on or about November 14, 2022. CEO Mark Fuller expressed optimism regarding leveraging the recent uplisting to NYSE-American to further enhance revenue and shareholder value. Castellum is focused on strategic acquisitions in technology services.
Castellum (NYSE: CTM) has successfully completed its public offering of 1,500,000 shares at $2.00 per share, with 1,350,000 shares sold by the company and 150,000 by selling stockholders. The offering also includes an option for underwriters to purchase an additional 225,000 shares within 45 days. The registration for this offering was declared effective by the SEC on October 12, 2022, and shares began trading on October 13, 2022. EF Hutton acted as the sole book-running manager for the offering.
Castellum, a cybersecurity and IT services company, has priced its public offering at $2.00 per share, with 1.5 million shares available. Underwriters have a 45-day option to purchase an additional 225,000 shares. The shares are set to begin trading on the NYSE American Exchange on October 13, 2022, following a reverse stock split at a 1-for-20 ratio. This offering aims to bolster financial resources as Castellum transitions from OTC Pink to NYSE. The SEC has declared the registration statement effective as of October 12, 2022.