Business
Cyberlux Corporation (OTC:CYBL) Beats its Revenue Guidance by 17% for the Full Year 2021 to Drive the Key Accomplishments for the Month of December 2021
Cyberlux Corporation (OTC:CYBL) Beats its Revenue Guidance by 17% for the Full Year 2021 to Drive the Key Accomplishments for the Month of December 2021.
About this update from Cyberlux Corp.
[{"type":"text","content":"The Company exceeded it's the Revenue Guidance provided in November by $1.1 million as one of many Key Milestones that were achieved during December 2021RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / January 19, 2022 / Today, Cyberlux Corporation, (OTC PINK:CYBL), an advanced digital technology platform company leading the digital evolution across industries with advanced unmanned aircraft systems (UAS) solutions, LED lighting solutions, renewable energy and infrastructure technology, and Software-as-a-Service (SaaS) solutions, announced that the Company exceeded its full year 2021 revenue guidance provided in November by $1.1 million, from $6.6 million to $7.7million, an increase of 17 percent. The Company's revenue for the full year 2021 also surpassed the prior June guidance by 48 percent, from $5.2 million to $7.7 million, a $2.5 million overachievement. In addition, the Company is expecting to post positive net income from Operations for the full year 2021.Cyberlux Corporation CEO Mark Schmidt stated:"Dear CYBL Community, for the fifth consecutive month we have exceeded our expected revenue performance and we are exceptionally excited to see the growth we had from Q3 to Q4, from $2.25 million to $5.1 million, almost double the revenue quarter-to-quarter. This is the best quarterly revenue performance we have every had as a company, with strong results coming from our acquisition strategy and across each of our business units. I know I've said this many times before but we really are just getting started! Along with the stellar revenue results, December was a remarkable month of accomplishments. Here's a quick recap of what transpired:We reported revenue for December of $1.7 million which exceeded both the June projection of $0.5 million by 341% and the new revised December guidance of $0.6 million by $1.1 million and 304%. In addition, our year-to-date revenue through December of $7.7 million also exceeded our revised full year 2021 revenue guidance of $6.6 million by $1.1 million as well.We beat our June revenue guidance for the full year 2021 by $2.5 million, over 200% above the $5.2 million projection. In addition, we expect to post positive net income from Operations for the full year 2021.We announced that Mr. Aaron Goodman has joined the Board of Directors as a new director who will help guide the corporate acquisitio...