Picture of Castellum logo

CTM Castellum News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologySpeculativeSmall CapNeutral

Cybersecurity firm Castellum beats Q3 revenue estimates, reports first net income

Overview

Castellum Q3 revenue of $14.6 mln beats analyst expectations

Company reports first-ever quarterly GAAP net income, reflecting improved operating performance

Castellum ends Q3 with record cash balance and reduced total debt

Outlook

Castellum focuses on long-term growth through strategic investments and M&A opportunities

Company aims to drive growth through prime contract wins and product development

Castellum expects continued momentum to create long-term shareholder value

Result Drivers

REVENUE GROWTH - Castellum achieved record revenue of $14.6 mln, marking its third consecutive quarter of year-over-year organic growth

COST DISCIPLINE - Improved operating profit reflects continued cost discipline and increasing operating leverage

CASH AND DEBT MANAGEMENT - Record cash balance of $17.8 mln and reduced total debt to $2.4 mln enhance financial flexibility

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$14.60 mln$14.13 mln (1 Analyst)
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the it services & consulting peer group is "buy" Wall Street's median 12-month price target for Castellum Inc is $3.00, about 61.7% above its November 6 closing price of $1.15 The stock recently traded at 115 times the next 12-month earnings vs. a P/E of 205 three months ago Press Release: ID:nGNX89SXxv For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Castellum

See all news