CISO Global achieves profitability
27 3월 2025 - 9:30PM
CISO Global, Inc. (NASDAQ: CISO), an industry leader in AI powered
security software, managed cybersecurity, and compliance announced
today that the company has achieved a significant profitability
milestone in its transformation from a pure cyber services business
to a software-led, services-backed enterprise. The company reached
unaudited Adjusted EBITDA positivity in the last quarter of 2024
and continues its way to sustained profitability.
CISO Global’s financial success follows a
strategic realignment that included the full integration of 13
acquired services businesses, operational efficiencies enabled by
its proprietary AI-driven security software, and a shift toward
higher-margin software revenue. By leveraging its AI-powered
penetration testing and security automation solutions, CISO Global
has increased service delivery efficiency, reduced expenses, and
expanded margins across its offerings. In addition, the Company
recently announced a pay-off of its highest interest term loan
obligations, further improving the health of its balance sheet and
strengthening its operating position.
"This is a defining moment for CISO Global,"
said David Jemmett, CEO of CISO Global. "Our vision of a
software-led business is now a reality, with our AI technology not
only enhancing cybersecurity outcomes for our clients but also
driving significant financial efficiency. Reaching profitability
positions us for sustained, scalable growth. We are grateful for
the continued support and dedicated colleagues, vendors, and valued
industry partners for their support in reaching this important
milestone.”
Looking ahead, CISO Global expects its services
business to generate at least $34 million in adjusted EBITDA
profitable revenue in 2025. The company is also anticipating an
additional $5 million in software-related bookings. The company’s
software margins are expected to be approximately 75%, reinforcing
its long-term profitability outlook. Additionally, CISO Global's
software sales pipeline is robust, as the company actively sells
its proprietary AI-driven security solutions to its existing base
of 500+ customers and through three established insurance
partnerships.
"Our financial discipline and strategic
execution have transformed CISO Global into a more resilient and
profitable company," said Deb Smith, CFO of CISO Global. "With
strong momentum in 2025, we are confident in our ability to drive
sustained profitability while expanding our high-margin software
business. The stronger-than-anticipated software pipeline,
leveraging both our existing customer relationships and insurance
partnerships, further supports our long-term growth
trajectory.”
As CISO Global continues to scale, it remains
committed to innovation, operational excellence, and delivering
industry-leading cybersecurity solutions.
About CISO Global, Inc.
CISO Global, Inc. is an industry leader in
AI-powered cybersecurity software, managed cybersecurity, and
compliance that delivers comprehensive solutions designed to
protect organizations from the latest cyber threats. Leveraging
cutting-edge technology and industry expertise, CISO Global offers
tailored services to ensure the security and compliance of its
clients' digital assets.
Organizations seeking guidance on CMMC
compliance and cybersecurity best practices can rely on CISO
Global’s expertise. For more information, please visit
ciso.inc.
Safe Harbor Statement
This news release contains certain statements
that may be deemed to be forward-looking statements under federal
securities laws, and we intend that such forward-looking statements
be subject to the safe harbor created thereby. Such forward-looking
statements include, among others, our belief that we are an
industry leader in proprietary software, managed cybersecurity, and
compliance; our belief that we have achieved a profitability
milestone transforming from a cyber services business to a
software-led, services-backed enterprise; we expect to continue the
unaudited Adjusted EBITDA positive trend seen in the last quarter
of 2024 and continue to expect sustained profitability; our belief
that our financial success is due to strategic realignment which
included the integration of acquisitions and operational
efficiencies; our belief that our AI-driven security software has
increased those efficiencies and led to higher margins; our belief
in our achievement of profitability as a result of transforming
from pure cyber to a software-led services-backed enterprise; our
belief in our profitability and its positioning for scalable
growth; we anticipate our services business to generate at least
$34 million in adjusted EBITDA profitable revenue in 2025; we also
expect an additional $5 million in anticipated software-related
bookings, with margins of roughly 75%; our belief in the strength
of our software pipeline; our belief in the base of our customers
and the strength of our partners; and our belief that we provide
comprehensive cybersecurity solutions to our clients. These
statements are often, but not always, made through the use of words
or phrases such as "believes," "expects," "anticipates," "intends,"
"estimates," “predict,” "plan," “project,” “continuing,” “ongoing,”
“potential,” “opportunity,” "will," "may," "look forward,"
"intend," "guidance," "future" or similar words or phrases. These
statements reflect our current views, expectations, and beliefs
concerning future events and are subject to substantial risks,
uncertainties, and other factors that could cause actual results to
differ materially from those reflected by such forward-looking
statements. These risks may be detailed from time to time in the
reports filed with the Securities and Exchange Commission,
including the Annual Report on Form 10-K for the fiscal year ended
December 31, 2023. You should not place undue reliance on any
forward-looking statements, which speak only as of the date they
are made. Except as required by law, we assume no obligation and do
not intend to update any forward-looking statements, whether as a
result of new information, future developments, or otherwise.
For Media Inquiries:Hilary
Meyershilary.meyers@ciso.inc(480) 389-3444
CISO Global (NASDAQ:CISO)
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부터 4월(4) 2025 으로 5월(5) 2025
CISO Global (NASDAQ:CISO)
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부터 5월(5) 2024 으로 5월(5) 2025