Business
Cyberlux Corporation (OTC PINK:CYBL) Exceeds its February Revenue Plan by 41% and Records 11% Month to Month Growth to Drive the Company's Key Accomplishments for the Month of February 2022
Cyberlux Corporation (OTC PINK:CYBL) Exceeds its February Revenue Plan by 41% and Records 11% Month to Month Growth to Drive the Company's Key Accomplishments for the Month of February 2022.
About this update from Cyberlux Corp.
[{"type":"text","content":"The Company Exceeded Its February Plan by 41 Percent and Increased Revenue by 11 Percent Month-to-Month as One of Many Key Milestones Achieved During February 2022RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / March 10, 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 systems (UAS), cutting-edge lighting solutions, and renewable energy and infrastructure technology solutions, announced that the Company exceeded its February Revenue Plan of $1.5 million by 41 percent, delivering $2.12 million in revenue for the month. The Company also drove an 11 percent increase in February revenue over January's record revenue. For the first time in the history of the Company's financial performance, the February revenue results exceeded $2 million and marked the seventh consecutive month of sustained revenue growth. Further, Cyberlux Management expects the quarterly revenue growth to continue during 2022 and beyond, as the Company achieves its 2022 revenue outlook of $44.8 million and generates a substantial positive net income from Operations for the year.Cyberlux Corporation CEO Mark Schmidt commented:"Dear CYBL Community, we are witnessing our advanced technology platform strategy yield the results we imagined when we put the Operation Alpha plan in action during Q3 2021. With the four business units we now have and the markets we now serve, including our Digital Platform Solutions team and our FlightEye Unmanned Aircraft Systems team, I am truly excited with our February revenue performance. For the month, we exceeded our 2022 February revenue plan of $1.5 million by 41% and posted our best month ever with our $2.12 million revenue results. This also puts us well over $1 million ahead of our internal year-to-date goals for achieving our $45 million revenue outlook for the 2022 full year.As I've said before, we generally see Cyberlux business and revenue building through the year from Q2 to Q4, with Q1 being a fraction of the full year results. The Operation Alpha acquisition strategy and the 2022 Fast Start program we're executing are driving the Company to grow at an amazing rate month-to-month, across all our...