Cycurion (CYCU) investor relations material

Executive summary

• Q2 2025 net revenues fell 22.3% year-over-year to $3.89M, with gross profit down 77% to $0.2M.

• Net loss for Q2 was $5.3M versus net income of $0.3M in Q2 2024; H1 2025 net loss reached $15.5M.

• Completed the acquisition of SLG Innovation Inc., expanding government and healthcare client base and boosting revenue concentration from SLG contracts.

• Closed a business combination with Western Acquisition Ventures Corp., resulting in a reverse recapitalization and new equity structure.

• Strategic focus on organic growth, digital currency initiatives, and key partnerships to drive future growth.

Financial highlights

• Net revenues for Q2 2025 were $3.89M, down 22% year-over-year; six-month revenues were $7.8M, down 16%.

• Gross profit margin for Q2 2025 was 6.1%, down from 20.5% in Q2 2024.

• Net loss attributable to the company was $5.3M for Q2 2025 and $15.5M for the first half of 2025.

• Cash and cash equivalents at June 30, 2025, were $1.01M, up from $38K at year-end 2024.

• Working capital deficit increased to $14.3M, with current liabilities up 23.2% to $20.0M.

Outlook and guidance

• Management anticipates revenue acceleration in H2 2025 as contract backlog is converted and federal funding stabilizes.

• Plans to leverage public offering and equity line to improve liquidity and reduce leverage.

• Continued investment in advisory, managed security, SaaS, and digital currency initiatives.