Cycurion offers insight on Q2 results, reports adjusted EPS (4c)

Cycurion (CYCU) will be conducting a business update on Tuesday, August 19, 2025 at 5:00PM ET to review additional highlights. The Company’s quarterly results reflect a GAAP net loss of $0.15 per share, however, after adjusting for multiple unusual, non-recurring expenses our adjusted net loss is approximately $0.04 per share, providing a clearer view of the company’s underlying performance. These items include: Merger Expenses: Incurred $677,000 in costs related to merger activities during the second quarter Compensation Expenses: Recorded $1 million in compensation due to consulting costs associated with integration efforts Stock Compensation: Issued $1 million in stock compensation to former directors as part of transitional arrangements Preferred Stock Conversions: Recognized $900,000 in expenses from conversions to Series G Convertible Preferred Stock Integration Costs: Faced additional operational expenses from integrating SLG Innovation Inc., which were previously separate, contributing to elevated short-term costs Cycurion also successfully converted $3.5 million from debt to equity in the second quarter, improving its financial position and reducing future interest obligations Outside of the second quarter of 2025 results, Cycurion has made significant strides in recent months, securing high-value contracts and positioning itself for long-term growth as a leading AI-focused cybersecurity company. In June 2025, Cycurion announced over $8 million in new contracts with government and commercial clients, including a $6 million agreement with a major municipal transportation agency for comprehensive IT and cybersecurity solutions. Additionally, a $33 million contract renewal was secured with a major state-level public higher education group, extending through November 2030, and a $22 million multi-year contract was awarded by a U.S. state police agency in partnership with Journal Technologies. The company also secured three multi-year contracts worth up to $6 million across program management, cybersecurity, and disaster recovery services. These contracts, totaling over $69 million in recent awards, reflect strong market demand for Cycurion’s innovative solutions. By investing in its AI-driven ARx platfor