Cycurion Q1 2025 Financial Results: Revenues Rise to $3.9M, Net Loss Widens to $10.2M, EPS at $(0.56)

Reuters
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<a href="https://laohu8.com/S/CYCU">Cycurion</a> Q1 2025 Financial Results: Revenues Rise to $3.9M, Net Loss Widens to $10.2M, EPS at $(0.56)

Western Acquisition Ventures Corp. has released its financial results for the first quarter of 2025. Cycurion, Inc., a company under its portfolio, reported revenues of $3.9 million. Gross profit increased by 95.4% year-over-year to $677,673, reflecting a 17.5% gross margin, compared to $346,714 and an 8.2% gross margin in the first quarter of 2024. This improvement signifies a strategic focus on more profitable business ventures. The company achieved an adjusted EBITDA of $245,062, marking a significant improvement from a negative adjusted EBITDA of $(68,803) in the same period last year. However, Cycurion reported a net loss of $(10.2) million, primarily due to $9.3 million in non-recurring pre-tax charges of non-cash stock compensation expenses and $1.2 million in merger-related expenses. This contrasts with a net loss of $(0.3) million in the first quarter of 2024. Significant business updates include Cycurion's listing and commencement of trading on the Nasdaq Global Select Market following a business combination with Western Acquisition Ventures Corp. in February 2025. The company has also focused on expanding its AI-driven SaaS ARx Cybersecurity Platform, which has contributed to margin expansion and strengthened its market position.

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