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Cycurion, Inc. (collectively with its subsidiaries, the "Company," "Cycurion," "we," "us" or "our") is a publicly traded, cybersecurity and artificial intelligence ("AI")-powered IT solutions provider headquartered in McLean, Virginia. We were originally incorporated as KAE Holdings, Inc. under the laws of the State of Delaware in October 2017, with the purpose of acquiring and holding operatin…
The business is unprofitable at the operating level (-154.72% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 14.8% YoY. Margins deteriorated 168.3pp alongside, both lines moving the wrong way.
ROIC dropped from 48.97% to -130.18%, capital efficiency is deteriorating. Negative free cash flow of -$13M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$15M
▼ -14.8% YoY
Net Income (TTM)
-$16M
▼ -2024.7% YoY
Op. Margin
-107.96%
▼ -168.3pp YoY
ROIC
-54.64%
▼ -179.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$13M
▼ -589.4% YoY
Op. Cash Flow (TTM)
-$12M
▼ -781.4% YoY
Net Debt
$665K
Cash & Equiv.
$2M
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