Wednesday, July 29, 2020 4:28:55 AM
Press Release | 07/27/2020
POTOMAC, Md., July 27, 2020 (GLOBE NEWSWIRE) -- Castellum, Inc. (ONOV:OTC) announces strong revenue and record quarterly EBITDA for the second quarter ended June 30, 2020. The Company expects to file its 2020 Q2 report at www.otcmarkets.com within the next 10 days.
Castellum’s financial picture continues to grow stronger. Revenue for Q2 2020 was $3.4 million. EBITDA, a non-GAAP measure, was over $550,000. Cash on hand at quarter end was over $1.9 million (up from $1.1 million at the end of Q1) and Current Assets were a record $3.97 million.
“The continued success of our business is very heartening,” said Mark Fuller, President, and CEO of Castellum. “We have improved the efficiency of the Corvus division under Jim Enicks’ leadership and now are positioned to add some inorganic growth to the mix. The goal remains the same: growth both organically and through acquisition to drive shareholder value.”
About Castellum, Inc.
Castellum, Inc. (ONOV:OTC) is a technology company which is executing strategic acquisitions in the cyber security, information technology, information warfare, and electronic warfare space. In June 2019, the company brought on a new management team specifically to pursue an acquisition-led growth strategy. The company completed its first acquisition in November 2019.
Forward-Looking Statements:
This release contains forward-looking statements 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, 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 disclosed at www.otcmarkets.com. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Recent CTM News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/24/2024 08:03:00 PM
- Castellum, Inc. Announces $4.1 Million First New Contract Win with its Protégé, Epic Systems, Inc. • GlobeNewswire Inc. • 09/24/2024 10:45:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:44:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 08:04:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 08:00:28 PM
- Castellum, Inc. Promotes Drew Merriman to Chief Operating Officer • GlobeNewswire Inc. • 09/03/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:17:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 08:10:32 PM
- Castellum, Inc. Announces Higher Sequential Revenue, Positive Adjusted EBITDA, and Smaller Net Loss for Q2 2024 • GlobeNewswire Inc. • 08/09/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:06:57 PM
- Castellum, Inc. Announces Strategic Alliance with K2 • GlobeNewswire Inc. • 07/22/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:02:20 PM
- Castellum, Inc. Issues Letter to Shareholders • GlobeNewswire Inc. • 07/17/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 08:01:58 PM
- Castellum, Inc. Retires Bank Term Loan Early • GlobeNewswire Inc. • 07/10/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:08:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 08:08:41 PM
- Castellum, Inc. Continues to Reduce Debt • GlobeNewswire Inc. • 06/06/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 08:02:16 PM
- Castellum, Inc. Announces Leadership Changes • GlobeNewswire Inc. • 05/29/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 08:14:51 PM
- Castellum, Inc. Announces First Quarter Financial Results • GlobeNewswire Inc. • 05/15/2024 10:45:00 AM
- Castellum, Inc. Announces New Strategic Alliance • GlobeNewswire Inc. • 04/18/2024 10:45:00 AM
- Castellum, Inc. Announces 2023 Financial Results • GlobeNewswire Inc. • 03/21/2024 10:45:00 AM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 02/27/2024 10:22:30 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM