CYCU Cycurion
Price Chart
Executive Summary
Cycurion reported Q1 2026 EPS of -$0.36, beating consensus of -$0.83 by 56.6%, on revenue of $3.3M (below $3.5M consensus and down 15.5% YoY). Gross margin nearly doubled to 21.1% from 12.1% QoQ, and net loss improved 51.5% to -$2.6M. The company highlighted binding agreements to acquire Halo Privacy and HavenX, adding ~$7M in annualized contracted revenue, and a $112M backlog expected to deliver $15-17M over 12 months. Despite the EPS beat, the revenue miss and ongoing cash burn (operating cash flow -$2.9M) temper the outlook.
Key Financial Metrics
Actionable Insight
The EPS beat is largely mechanical from a tiny share base (4.6M shares) and prior-year one-time charges — the revenue miss and cash burn are the real story. Watch for closing of the Halo/HavenX acquisitions and whether the backlog converts to revenue as guided. With only $2M cash and negative operating cash flow, a dilutive capital raise is likely within 2-3 quarters.
Key Facts
- Q1 2026 EPS -$0.36 vs consensus -$0.83 (56.6% beat)
- Revenue $3.27M vs consensus $3.5M (miss) and down 15.5% YoY from $3.87M
- Gross margin expanded to 21.1% from 12.1% QoQ and 17.5% YoY
- Net loss improved 51.5% to -$2.6M from -$5.3M QoQ
- Operating cash flow -$2.9M, cash balance $2.0M down from $5.3M at year-end
- Binding agreements to acquire Halo Privacy and HavenX for ~$7M annualized revenue at ~55% gross margin
- $112M contracted backlog expected to deliver $15-17M over next 12 months
- Cost reduction initiatives targeting $2.2M in annualized savings
Financial Impact
EPS beat of $0.47 vs consensus ($0.36 vs -$0.83) is significant on a percentage basis but on a small absolute base; revenue miss of $0.23M vs consensus; cash burn of $2.9M in operating cash flow
Risk Factors
- Revenue declined 15.5% YoY due to legacy contract wind-down — replacement revenue ramp uncertain
- Cash burn of $2.9M/quarter with only $2.0M cash on hand implies need for financing within 2 quarters
- Acquisition integration risk for Halo Privacy and HavenX — deals not yet closed
- High debt load ($7.8M in total debt including convertible notes and promissory notes) relative to market cap of $5M
- Negative EBITDA and operating losses continue, albeit narrowing
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294911 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
5d ago
|
Press Release
| $0.8408 awaiting T+5 | awaiting T+5 | — | $0.6370 (−24.24%) |
|
May 22, 2026
23d ago
|
Press Release
| $1.01 $0.8714 | ▼ −13.72% | ▼ −15.40% | $0.6370 (−36.93%) |
|
May 20, 2026
25d ago
|
Press Release
| $0.9080 $0.9420 | ▲ +3.74% | ▲ +2.51% | $0.6370 (−29.85%) |
|
May 14, 2026
4w ago
|
Press Release
| $0.9080 $0.9010 | ▼ −0.77% | ▼ −0.05% | $0.6370 (−29.85%) |
|
May 7, 2026
5w ago
|
Press Release
| $0.9000 $0.9000 | · 0.00% | ▼ −1.50% | $0.6370 (−29.22%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $0.8600 $0.9670 | ▲ +12.44% | ▲ +12.04% | $0.6370 (−25.93%) |
|
Apr 8, 2026
9w ago
|
Press Release
| $1.32 $1.24 | ▼ −6.06% | ▼ −9.58% | $0.6370 (−51.74%) |
|
Apr 1, 2026
10w ago
|
Press Release
| $1.05 $1.34 | ▲ +27.62% | ▲ +23.85% | $0.6370 (−39.33%) |
|
Mar 25, 2026
11w ago
|
Press Release
| $1.20 $1.05 | ▼ −12.50% | ▼ −12.26% | $0.6370 (−46.92%) |
|
Mar 17, 2026
12w ago
|
Press Release
| $1.23 $1.15 | ▼ −6.50% | ▼ −3.85% | $0.6370 (−48.21%) |
US Market Status
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