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Exclusive Interview with Cycurion (Nasdaq: CYCU) CEO L. Kevin Kelly Discussing the Company's Largest Contract Award and Expansion of Its Diversified Cybersecurity Growth Strategy

CYCU
  • Cycurion announced a historic $54.6 million, 10-year contract to modernize a state Health and Human Services system, with revenue starting in Q4 2026 & ramping to over $5 million in annual recurring revenue by 2027.
  • The company acquired Digital Ally's Video Solutions business, adding approximately $5.5 million in annual revenue, more than $1.2 million in EBITDA, 800+ law enforcement clients, & a strong IP portfolio to reach a pro-forma revenue run rate of roughly $30 million.
  • Recent public safety engagements include a City of Chicago project forecasted to generate $843,028 in 2026 revenue, with potential aggregate value of $3.43 million over ten years for CAD administration alone.
  • Cycurion secured pharmaceutical & public health engagements totaling approximately $800,000 in annual contract spend, including an AI Center of Excellence & a NACCHO award.
  • The company regained compliance with Nasdaq's $1.00 minimum bid price requirement on October 1, 2026, & does not anticipate needing another reverse split while under a Panel Monitor through October 1, 2027.
  • CEO L. Kevin Kelly confirmed that 2027 Q2 remains the target for reaching break-even & positive operating cash flow, citing a gross margin increase to 29.1% & over $2.2 million in annualized cost savings.
  • Net debt was reduced by more than 70% in 2025, dropping from $10.5 million to under $3 million, & the company plans to pursue conventional bank financing in the new year.
  • The firm is expanding offensive cybersecurity capabilities under a "digital intelligence" strategy to identify vulnerabilities before breaches, with new product announcements expected in the coming months.
  • Approximately 3.2 million common shares are currently outstanding, with the company noting that some near-term dilution is likely to fund growth & acquisitions.
  • The company reported closing 41 new awards in 2026, with Secuvant expected to add approximately $3 million in annualized revenue & $1.5 million in EBITDA this year.