Cycurion, Inc. Highlights $69 Million Contracted Backlog
Cycurion (NASDAQ: CYCU), a cybersecurity and IT solutions provider, has announced a significant $69 million contracted backlog with multi-year contracts spanning 1-5 years. The company, currently operating at a $16 million annualized revenue run-rate, expects growth in 2026 despite challenges from DOGE impacts in 2025.
CEO Kevin Kelly emphasized the company's potential for revenue growth and positive adjusted EBITDA in coming quarters. Cycurion's strategic partnerships with iQSTEL and LSV Tech, along with access to 3,500 state and local healthcare associations through NAACHO, position the company for future growth. The backlog is additional to existing revenue-generating business, though revenue recognition has been limited due to work initiation delays.
Cycurion (NASDAQ: CYCU), fornitore di soluzioni per cybersecurity e IT, ha comunicato un consistente backlog contrattuale da 69 milioni di dollari composto da contratti pluriennali della durata di 1-5 anni. L'azienda opera attualmente con un run-rate di ricavi annualizzato di 16 milioni di dollari e prevede una crescita nel 2026, nonostante le difficoltà causate dagli impatti DOGE nel 2025.
Il CEO Kevin Kelly ha sottolineato il potenziale di aumento dei ricavi e un EBITDA adjusted positivo nei prossimi trimestri. Le partnership strategiche con iQSTEL e LSV Tech e l'accesso a 3.500 associazioni sanitarie statali e locali tramite NAACHO pongono l'azienda in posizione favorevole per la crescita futura. Il backlog si aggiunge alle attività già generate da ricavi, sebbene il riconoscimento dei ricavi sia stato limitato a causa di ritardi nell'avvio dei lavori.
Cycurion (NASDAQ: CYCU), proveedor de soluciones de ciberseguridad y TI, ha anunciado un importante backlog contratado de 69 millones de dólares con contratos plurianuales de entre 1 y 5 años. La compañía opera actualmente con un run-rate de ingresos anualizado de 16 millones de dólares y espera crecer en 2026, pese a los desafíos por los efectos de DOGE en 2025.
El CEO Kevin Kelly destacó el potencial de incremento de ingresos y un EBITDA ajustado positivo en los próximos trimestres. Las asociaciones estratégicas con iQSTEL y LSV Tech, junto con el acceso a 3.500 asociaciones sanitarias estatales y locales a través de NAACHO, posicionan a la empresa para un crecimiento futuro. El backlog se añade a los negocios que ya generan ingresos, aunque el reconocimiento de ingresos ha sido limitado por demoras en el inicio de los trabajos.
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Cycurion (NASDAQ: CYCU), fournisseur de solutions de cybersécurité et IT, a annoncé un important backlog contractuel de 69 millions de dollars composé de contrats pluriannuels de 1 à 5 ans. La société fonctionne actuellement avec un run-rate de chiffre d'affaires annualisé de 16 millions de dollars et prévoit une croissance en 2026 malgré les difficultés liées aux impacts DOGE en 2025.
Le PDG Kevin Kelly a mis en avant le potentiel d'accroissement des revenus et un EBITDA ajusté positif dans les prochains trimestres. Les partenariats stratégiques avec iQSTEL et LSV Tech, ainsi que l'accès à 3 500 associations de santé locales et étatiques via NAACHO, placent l'entreprise en position favorable pour la croissance future. Le backlog vient s'ajouter aux activités déjà génératrices de revenus, bien que la reconnaissance des revenus ait été limitée en raison de retards dans le démarrage des travaux.
Cycurion (NASDAQ: CYCU), ein Anbieter von Cybersecurity- und IT-Lösungen, hat einen erheblichen vertraglich gesicherten Auftragsbestand von 69 Millionen US-Dollar mit mehrjährigen Verträgen über 1�5 Jahre vermeldet. Das Unternehmen arbeitet derzeit mit einer annualisierten Umsatzrate von 16 Millionen US-Dollar und erwartet trotz der DOGE-bedingten Herausforderungen 2025 ein Wachstum im Jahr 2026.
CEO Kevin Kelly betonte das Potenzial für Umsatzwachstum und ein positives bereinigtes EBITDA in den kommenden Quartalen. Strategische Partnerschaften mit iQSTEL und LSV Tech sowie der Zugang zu 3.500 staatlichen und lokalen Gesundheitsverbänden über NAACHO positionieren das Unternehmen für künftiges Wachstum. Der Backlog kommt zu den bereits umsatzgenerierenden Geschäften hinzu, obwohl die Umsatzerkennung wegen Verzögerungen beim Arbeitsbeginn begrenzt war.
- Secured $69 million in new multi-year contract backlog
- Strategic partnerships with iQSTEL and LSV Tech for growth opportunities
- Access to 3,500 state and local healthcare associations through NAACHO
- Management expects return to revenue growth and positive adjusted EBITDA
- Current revenue at fundamental trough of $16 million annualized run-rate
- Delays in revenue recognition from new contracts due to work initiation issues
- Negative DOGE impact affecting 2025 performance
- Limited current institutional support for the stock
Insights
Cycurion reports $69M backlog but minimal current revenue recognition, with optimistic but uncertain 2026 outlook amid challenging 2025 performance.
Cycurion's announcement reveals a $69 million contracted backlog with multi-year contracts spanning 1-5 years. While this figure sounds impressive, several critical nuances require attention. The company has only recognized a small amount of revenue from these contracts due to implementation delays and customer deferrals. Currently operating at just a $16 million annualized revenue run-rate, Cycurion describes itself at a "fundamental trough."
The disconnect between backlog and recognized revenue raises questions about conversion timelines. Management acknowledges that "DOGE" (likely referring to Department of Government Efficiency initiatives) has negatively impacted their 2025 performance, affecting many public sector IT service providers. This context explains why a seemingly robust backlog hasn't translated to current financial performance.
What's particularly concerning is the vague timeframe for financial improvement. The company references "coming quarters" for returning to revenue growth and positive adjusted EBITDA, but provides no specific metrics or timelines. Management's characterization of the current stock price as presenting an "asymmetric risk/reward" opportunity appears to be more hopeful positioning than supported by concrete financial evidence.
The company mentions partnerships with iQSTEL and LSV Tech plus access to 3,500 state/local healthcare associations through NAACHO, but doesn't quantify any revenue from these relationships. The "hundreds of millions" in active sales pipeline represents potential rather than secured business, and conversion rates aren't provided.
This announcement reflects a company struggling with current performance while pointing to future potential. The significant gap between the $69 million backlog and the $16 million current run-rate suggests substantial execution challenges that investors should monitor closely before assuming 2026 improvements will materialize as hoped.
Contracted backlog in addition to robust sales pipeline underpins positive 2026 outlook
MCLEAN, Va., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion� or the “Company�), a premier cybersecurity and IT solutions provider provides additional context to its robust
Cycurion has secured new awards in 2025. These multi-year contracts sum to a total of
Chairman and CEO Kevin Kelly said, “We strongly believe the combination of our positive, high confidence 2026 outlook underpinned by our contracted backlog added to what we believe is a vacuum of institutional support has resulted, in what we believe, is a severe mispricing of the stock. No doubt, DOGE has had a negative impact on Cycurion in 2025 as it has on many public and private peers focused on public sector IT services. We are at a fundamental trough, currently running at a
Adding in the notable partnerships and inherent blue-sky opportunities with Cycurion’s partners who are growing global IT and telecom providers, iQSTEL and LSV Tech, and sizable associations such as NAACHO that provided the Company a gold star lead into roughly 3,500 state and local healthcare associations, the Company is optimistic regarding near and longer-term prospects.
Mr. Kelly concluded, “We are determined to deliver improved results for shareholders as we move into 2026 and beyond. We will continue to announce meaningful new awards and provide updates to our signed contracted backlog position. We thank our shareholders for their support, and we look forward to validating our positive outlook with tangible improved financial performance.�
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future.
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Forward-Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.
Many factors could cause Cycurion’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as “continue�, “expect�, “intend�, “will�, “hope�, “should�, “would�, “may�, “potential�, and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-1 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the “SEC�). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors� in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
These statements, including expectations for revenue conversion from the backlog, the benefits of the iQSTEL alliance and stock exchange, and the success of the digital currency strategy, are based on management’s current expectations and are subject to risks and uncertainties, including economic conditions, regulatory changes, and the Company’s ability to address liquidity concerns. For a discussion of these risks, please refer to Cycurion’s filings with the SEC.
Investor Relations Contact: Cycurion Investor Relations
(888) 341-6680
Media Relations Contact: Cycurion Communications
(888) 341-6680
