ACCESS Newswire
20 Jan 2022, 02:35 GMT+10
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 2021
RESEARCH 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 had a remarkable December and Q4, and a truly phenomenal 2021, the best year ever for Cyberlux Corporation. We had growth from acquisitions in the large markets we are serving, and we even exceeded our revised December outlook by $1.1 million and 17%. We are fundamentally transforming the Cyberlux company in all four of our business units, with key new personnel like Mr. Goodman and Mr. Nurkkala and amazing new platform companies like the Kreatx team, among the many other accomplishments across the organization. The CYBL team really does go full speed all the time, and I really appreciate the Q4 effort and their ongoing 24/7 dedication to the success of Cyberlux. We also have one of the best IR teams and I appreciate their constant support of our shareholders and their work to provide the best investor relations support possible. We are truly harnessing the future!'
About Cyberlux Corporation
Cyberlux Corporation (OTC PINK:CYBL), an advanced technology growth platform company, is a leader in solid-state lighting innovation, has developed breakthrough LED lighting, energy efficiency technology, advanced infrastructure technology, and advanced unmanned aircraft systems (UAS) technology solutions, available today in U.S. government agencies, commercial markets and international opportunities. For more information, please visit www.cyberlux.com. For investor information, please contact: [email protected]
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as 'believes,' 'expects,' 'potential,' 'plans,' 'suggests,' 'may,' 'should,' 'could,' 'intends,' or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: Cyberlux Corporation
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