Business
Cyberlux Corporation (OTC: CYBL) Reports Record Financial and Operational Results Delivering $8.1M in Revenue and $1.9M in Net Income for Year Ended December 31, 2021
Cyberlux Corporation (OTC: CYBL) Reports Record Financial and Operational Results Delivering $8.1M in Revenue and $1.9M in Net Income for Year Ended December 31, 2021.
About this update from Cyberlux Corp.
[{"type":"text","content":"Company delivers 244% increase in quarter-over-quarter revenue growth and posts $1.9M positive net income for the Full Year ended December 31, 2021.RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / April 1, 2022 / Today, Cyberlux Corporation, (OTC PINK:CYBL), an advanced digital technology platform company leading the digital transformation evolution across industries with breakthrough Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) solutions, advanced unmanned aircraft solutions (UAS), cutting-edge lighting solutions, and renewable energy and infrastructure technology solutions, announced that the Company recorded $8,107,592 in Revenue and posted $1,903,766 in Net Income for the Full Year 2021. The Company also grew its Balance Sheet Assets to $9,327,043 with its successful platform acquisition strategy for the period ended December 31, 2021.Cyberlux achieved a 244 percent increase in quarter-over-quarter revenue growth, $5.49 million versus $2.25 million. Further, Cyberlux Management expects the quarterly revenue growth to continue during 2022 and going forward, 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 2022 revenue outlook is $44.8 million and is expected to generate a substantial positive net income from Operations for the year.Financial Highlights for Three and Twelve Months Ended December 31, 2021Revenues from Operations for the three months of $5.49 million, up 244% from the $2.25 million in revenue for the previous quarter ended September 30, 2021.Revenues from Operation for the three months ended December exceeded June estimates by 205% with $5.49 million versus $2.5 million expectation.Revenues from Operations for the twelve months of $8.11 million, an increase of $8.11 million on a year-over-year basis.Net Income from Operations for the twelve months ended of $1.90 million versus $0 on a year-over-year basis (due to Pandemic shutdown).Total Assets increased to $9.3 million from $0.079 million, an increase of 118 times, year on year.Liabilities not related to Financing Activities reduced from $5.5 million to $4.3 million, a 22% decrease versus year-end December 31, 2020.Cyberlux Corporation CEO Mark Schmidt c...