The company reports a 244% increase in quarter-over-quarter revenue growth and posts positive net income of $1.9 million for the fiscal year ended December 31, 2021.
RESEARCH TRIANGLE PARK, North Carolina /ACCESSWIRE/April 1, 2022/ Today, Cyberlux Corporation, (OTC PINK: CYBL), an advanced digital technology platform company leading the evolution of digital transformation across industries with breakthrough platform solutions as service (PaaS) and software as a service (SaaS), advanced unmanned aircraft (UAS) solutions, state-of-the-art lighting solutions, and renewable energy and infrastructure technology solutions, announced that the company recorded revenue of $8,107,592 and net income of $1,903,766 for the year 2021. The company also increased its assets on the balance sheet to $9,327,043 through its strategy of acquiring successful platform for the period ended December 31, 2021.
Cyberlux achieved a 244% increase in quarter-over-quarter revenue growth, $5.49 million from $2.25 million. Additionally, Cyberlux Management expects quarterly revenue growth to continue in 2022 and beyond as the company’s acquisition and organic growth strategy continues to develop across its four business units: Digital Platform Solutions, Unmanned Aircraft Solutions, Infrastructure Technology Solutions and Advanced Lighting Solutions. The company’s revenue outlook for 2022 is $44.8 million and is expected to generate substantial positive net income from operations for the year.
Financial Highlights for the Three and Twelve Months Ended December 31, 2021
Operating revenue for the three months of $5.49 million, up 244% from revenue of $2.25 million for the prior quarter ended September 30, 2021.
Operating revenue for the three months ended December exceeded June estimates by 205% at $5.49 million versus $2.5 million expected.
Operating income for the twelve months of $8.11 million, an increase of $8.11 million on an annual basis.
Net operating profit for the twelve months ended of $1.90 million versus $0 on an annual basis (due to the pandemic shutdown).
Total assets grew from $0.079 million to $9.3 million, a 118x increase, year over year.
Liabilities not related to financing activities decreased from $5.5 million to $4.3 million, a decrease of 22% compared to the end of the year on December 31, 2020.
Cyberlux Corporation CEO Mark Schmidt commented on the results:
“Dear CYBL community, these results for the fourth quarter of 2021 and the full year are nothing short of stellar. These are by far the best quarterly and annual revenue results we have ever had as a company, with our annual results of $8.1 million, even up $370,000 since our first report in December, with strong fourth quarter results coming from our acquisition strategy and organic growth from each of our business units. exceeded our expected revenue performance and we’re really excited to see Q3-Q4 revenue growth from $2.25 million to $5.49 million, nearly doubling revenue quarter-over-quarter We also saw significant growth in our balance sheet assets also coming from the acquisitions we made in 2021, which is really a tribute to our plan. of Operation Alpha which was launched in July 2021. In line with our plan, we completed four acquisitions, added key personnel, launched our Unmanned Aircraft Solutions business unit, launched our Digital Platform Solutions business unit and had a excellent revenue, net income and balance sheet results for the year. As I know, I’ve said this many, many times before, but we’re just getting started! We are already seeing record growth in 2022 and expect this year to be remarkable. Let’s go!”
Going forward, Cyberlux Corporation is “exploiting the future”, driving operational growth with current and future technologies, through fundamental organic growth and an accelerated strategy of acquisitions and joint ventures, all fueling significant future growth. As the company develops advanced technology products, we will identify technology and core product companies, and these companies will become Cyberlux’s growth catalysts. As the 2021 results show, Cyberlux is building a global business and becoming a leading technology growth company.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL) “harnesses the future” by leading digital transformation in global industries, driving operational growth through an accelerated strategy of acquisitions and joint ventures, and continuously fueling growth through current and future technology developments, including the fundamental organic growth of the company’s four business units – Digital Platform Solutions, Unmanned Aircraft Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions, targeting agencies US government, commercial markets and international opportunities. For more information, visit www.cyberlux.com. For more information on investors, please contact: [email protected]
This press release contains forward-looking statements which can be identified by words such as “believes”, “expects”, “potential”, “plans”, “suggests”, “may”, “should”, “could”. “, “intends to”, or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results. understood by these statements. These factors include, but are not limited to, our ability to continue to improve our products and systems to address industry changes, our ability to expand our customer base and retain existing customers , our ability to compete effectively in our market segment, lack of public information about our company, our ability to raise sufficient capital to fund our business activities, our ability ability to continue our operations and a limited public market for our common stock, among other risks. Many factors are difficult to accurately predict and are generally beyond the company’s control. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made.
THE SOURCE: Cyberlux Corporation
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