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MUST READ #4 <> 3.9 mil x's reporting over last yr. $CYBL
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https://www.businesswire.com/news/home/20231120593127/en/Cyberlux-Corporation-OTC-CYBL-Releases-Third-Quarter-2023-Financial-and-Operational-Results-Announces-Transformative-Actions-to-Refocus-the-Company-on-the-Defense-Technology-Sector
an increase of almost 4X.
Going forward, Cyberlux Corporation is “Harnessing the Future,”
driving operational growth with current and future technologies, through fundamental organic growth
and through an accelerated acquisitions and joint ventures strategy, all fueling significant future growth.
As the Company develops advanced technology products,
we will identify core technology and product companies, and these companies will become the Cyberlux growth catalysts.
As the results show, Cyberlux is building a global enterprise and developing into a leading technology growth company.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL) is “Harnessing the Future”
by leading defense technology solution development across global industries, driving operational growth
through an accelerated acquisitions and joint ventures strategy, and continuously fueling growth with current
and future technology developments, including fundamental organic growth from the Company’s four business units
– Unmanned Aircraft Solutions,
Military Communications Technology,
Special Activity Solutions, and
Advanced Defense Solutions, targeting U.S. government agencies, commercial markets and international opportunities. For more information, please visit http://www.cyberlux.com. For investor information, please contact: ir_cybl@cyberlux.com
SAFE HARBOR STATEMENT
This Press Release may contain forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company.
Readers are cautioned not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and uncertainties identified in this release
and matters set in the company's OTC/SEC filings.
These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Contacts
ir_cybl @JADED
MUST READ #3 <> 3.9 mil x's reporting over last yr. $CYBL
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https://www.businesswire.com/news/home/20231120593127/en/Cyberlux-Corporation-OTC-CYBL-Releases-Third-Quarter-2023-Financial-and-Operational-Results-Announces-Transformative-Actions-to-Refocus-the-Company-on-the-Defense-Technology-Sector
an increase of almost 4X.
During the nine months ended September 30, 2023, the Company has refocused its operations through the following transactions:
1.
On August 29, 2023, Cyberlux Corporation was awarded a contract of $78.9 million to deliver Cyberlux K8 Unmanned Aircraft Systems,
as confirmed by the United States Department of Defense (“DoD”) in the February 24, 2023, USAI announcement (https://www.defense.gov/News/Releases/Release/Article/3308633/biden-administration-announces-additional-security-assistance-for-ukraine/).
As of September 30, 2023, the Company has received advance payments for the purchase of such systems from the DoD of $38,700,600.
The completion of shipment of the systems is expected to occur by March 2024.
2.
On September 16, 2023, the Company acquired 100% of the outstanding stock of Datron World Communications, Inc.
(“Datron”), a provider of communications solutions to government, militaries, and industrial users globally.
The purchase price consisted of the payment of $3.0 million at closing, issuance of a $2.0 million note payable (1st note),
the issuance of a $2.0 million note payable (2nd note) and the cancellation of a $3.5 million advance made to
Datron World Communications, Inc. by Datron Holdings, Inc.
The Datron acquisition was accounted for as an acquisition of a business, and the purchase price of approximately
$10.5 million was allocated to net current assets of $1.3 million and the remaining $9.2 million was allocated to
technology based intangible assets, which are to be amortized over 5 years.
The Company also recognized a deferred tax liability (included in other long-term liabilities on the accompanying balance sheet)
of approximately $2.2 million representing the basis difference in the intangible assets.
3.
Cyberlux and Kreatx Shpk, FBD Shpk and Havas SAS entered into Agreements of Business Separation, effective as
of June 30, 2023,
terminating the business relationship between the parties, in exchange for certain payment and equity terms.
The operations of these businesses for the periods ended June 30, 2023, are presented as discontinued operations
in the consolidated statement of operations.
The Company recognized a loss of $11,027,358 in the disposition of these subsidiaries, as presented in the consolidated
MUST READ #2 <> 3.9 mil x's reporting over last yr. $CYBL
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https://www.businesswire.com/news/home/20231120593127/en/Cyberlux-Corporation-OTC-CYBL-Releases-Third-Quarter-2023-Financial-and-Operational-Results-Announces-Transformative-Actions-to-Refocus-the-Company-on-the-Defense-Technology-Sector
an increase of almost 4X.
Cyberlux Corporation CEO Mark Schmidt commented on the results: “Dear Cyberlux Community, our Q3 2023 Report,
which includes our financial results as advised and reviewed by the accounting experts at EisnerAmper,
includes the following transformative actions: our breakthrough UAS results, our Datron acquisition,
and the refocusing of the Company on Defense Technology and the related disposition of the non-U.S. subsidiaries
to make way for DoD contracts that require Top-Secret clearances.
Our operating period ended September 30, 2023, has set the stage for the Company to capitalize on remarkable
opportunities across the global Defense Technology markets.
We are publishing our results in this press release
(see the link to the Q3 Report below) as we are currently unable to distribute through the OTC Markets platform.
Our work to remove the CE designation continues,
but the Company is driving breakthrough results regardless of these temporary obstacles.
Cyberlux is taking the steps required to become a fully reporting SEC compliant public company as soon as possible.”
https://cyberlux.com/public-released-documents/Cyberlux-Corporation-Q3-2023-Quarterly-Disclosure-Statement-11.20.2023-FINAL.pdf
3.9 mil x's reporting over last yr. $CYBL
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https://www.businesswire.com/news/home/20231120593127/en/Cyberlux-Corporation-OTC-CYBL-Releases-Third-Quarter-2023-Financial-and-Operational-Results-Announces-Transformative-Actions-to-Refocus-the-Company-on-the-Defense-Technology-Sector
Cyberlux Corporation (OTC: CYBL) Releases Third Quarter 2023 Financial and Operational Results;
Announces Transformative Actions to Refocus the Company on the Defense Technology Sector
The Company reports significant UAS results, the acquisition of Datron World Communications,
and the disposition of the non-U.S. subsidiaries to make way for all levels of US Department of Defense contracts.
November 20, 2023 11:02 PM Eastern Standard Time
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Cyberlux Corporation (OTC: CYBL),
a leading provider of innovative defense technology systems, announced that the Company achieved
a record Cash Flow quarter for the period ended September 30, 2023,
and the Company is poised to achieve a record level of Revenue for the year.
The Company also grew its Balance Sheet Assets over the last nine months from $12.3 million for the
period ended December 31, 2022, to $46.9 million for the period ended September 30, 2023, an increase of almost 4X.
$46 mil vs $12 mil
shell buyout <>
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