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Cycurion, Inc. Highlights $69 Million Contracted Backlog
Contracted backlog in addition to robust sales pipeline underpins positive 2026 outlook MCLEAN, Va., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ:
About this update from Cycurion, Inc.
[{"type":"text","content":"Contracted backlog in addition to robust sales pipeline underpins positive 2026 outlook\nMCLEAN, Va., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a premier cybersecurity and IT solutions provider provides additional context to its robust $69 million backlog following a shareholder update call on August 19, 2025. Cycurion has secured new awards in 2025. These multi-year contracts sum to a total of $69 million with a weighted average life of 1-5 years. This $69 million is incremental to the current existing revenue generating business. To date, the Company has recognized a small amount of revenue associated with these awards as there is a typical lag between signing and work scope initiation and delivery of service. However, customers have also been deferring commencing work due to a myriad of factors with some embedded DOGE roots. Nonetheless, the Company’s contracted backlog remains intact along with an active sales pipeline in the hundreds of millions, which are key reasons driving its bullish stance for 2026 and beyond. Chairman and CEO Kevin Kelly said, “We strongly believe the combination of our positive, high confidence 2026 outlook underpinned by our contracted backlog added to what we believe is a vacuum of institutional support has resulted, in what we believe, is a severe mispricing of the stock. No doubt, DOGE has had a negative impact on Cycurion in 2025 as it has on many public and private peers focused on public sector IT services. We are at a fundamental trough, currently running at a $16 million annualized run-rate revenue. However, we have a clear line-of-sight of returning to a revenue growth profile along with positive adjusted EBITDA in the coming quarters. We believe at our current share price investors have a limited opportunity to enter into a highly positive asymmetric risk/reward investment proposition.” Adding in the notable partnerships and inherent blue-sky opportunities with Cycurion’s partners who are growing global IT and telecom providers, iQSTEL and LSV Tech, and sizable associations such as NAACHO that provided the Company a gold star lead into roughly 3,500 state and local healthcare associations, the Company is optimistic regarding near and longer-term prospects. Mr. Kelly concluded, “We are determined to deliver improved results for shareholde...