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Optium Cyber Systems Provides Historical Comparison of First Quarter Results & Outlook For Remainder of 2018
Optium Cyber Systems Provides Historical Comparison of First Quarter Results & Outlook For Remainder of 2018.
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[{"type":"text","content":"\nTHE WOODLANDS, TX, May 29, 2018 (GLOBE NEWSWIRE) -- Optium Cyber Systems, Inc.  (“Optium” or the “Company”) (OTC:OCSYD) (OTC:OCSY), a developer of a proprietary process that analyzes and identifies cyber security vulnerabilities in critical corporate IT infrastructures, would like to provide shareholders with a four year comparative analysis of the results of operations for the first quarters ending March 31. \n GROSS REVENUE The following table represents the gross revenue reported for each of the first quarters since 2014:   Year               Gross Revenue 2014               $0 2015               $0 2016               $0 2017               $0 2018               $150,000 NET INCOME  The following table represents the net income for each of the first quarters since 2014:  Year                   Net Income (Loss) 2014                  ($168,783) 2015                  ($20,297) 2016                  ($19,769) 2017                  ($154,841) 2018                   $38,303 “As a result of our entry into cybersecurity, we have successfully transitioned an operation that was continually losing money into one that is now turning a profit,” stated Mr. Rutherford, President of Optium Cyber Systems, Inc. “We accomplished this about-face in under nine months. Management expects this trend to continue with the ongoing efforts to develop new clients for the launched health care and mortgage applications and with the development of new processes and services for the oil & gas, defense and blockchain sectors,” continued Mr. Rutherford. OUTLOOK Based on already-signed deals, management expects revenues to meet or exceed those of the first quarter of 2018. The following table outlines the expected revenue, ...