Cyberlux Corp (OTCMKTS: CYBL) is making an explosive move up the charts after the Company announced on twitter its BOD has approved a Share Buyback Program of up to $19.5M. This comes on a day where CEO Mark Schmidt made a presentation on the Company at the 32nd Emerging Growth Conference. Cyberlux has experienced significant growth through acquisition across industries with advanced unmanned aircraft systems (UAS), LED lighting solutions, renewable energy and infrastructure technology, and Software-as-a-Service (SaaS) solutions. We have reported on CYBL many times and we covered the stocks explosive rise from subs to highs of of $0.066 in September 2021. The Company has experienced enormous revenue growth recently reporting stellar April revenue results of $2.46 million and management is now predicting $44 million in revenues during fiscal 2022.
Cyberlux management has been hard at work expanding rapidly across all four of its business units, each scaling during 2022 to meet the Company’s plans. Cyberlux is seeing new customers and partnerships, and limitless global opportunities, specifically within our Digital Platform Solutions (DPS) unit and its Unmanned Aircraft Solutions (UAS) unit. Besides the 19.5 million share buy back CYBL management has been working on reducing the share structure and recently completed the process of removing 700,000,000 (700 million) ‘ghost’ restricted common stock shares from its Outstanding Share balance, reducing the current Outstanding Shares by 12% overall, from 5.8 billion shares to 5.1 billion shares. The Company also reduced the authorized shares by 1.75 billion shares, from 8.75 billion to 7.0 billion. This announcement is a 20% reduction in the current Authorized Share level. The Company filed the amendment to reduce its Authorized Share level with the Nevada Secretary of State which has now been successfully completed.
Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!
Cyberlux Corp (OTCMKTS: CYBL) is a digital technology platform company providing breakthrough Digital Platform Solutions, including Platform-as-a-Service and Software-as-a-Service solutions, advanced Unmanned Aircraft Solutions, Advanced Lighting Solutions, Infrastructure and Renewable Energy Technology Solutions to U.S. government agencies, commercial customers, and international growth markets. Cyberlux is “Harnessing the Future” by leading digital transformation across global industries, driving operational growth through an accelerated acquisitions and joint ventures strategy, and continuously fueling growth with current and future technology developments. Cyberlux is a US government contractor and counts the Air Force, the National Guard, the Marine Corps, the US Army and a number of other Government agencies as customers. The Cyberlux company is organized around and derives its revenues from:
- Digital Platform Solutions (DPS)
- Unmanned Aircraft Solutions (UAS)
- Infrastructure Technology Solutions (ITS)
- Advanced Lighting Solutions (ALS)
Cyberlux has experienced rapid and enormous growth through acquisition and we cannot cover every aquisition in this article (see our previous articles on CYBL, we have covered most recent CYBL acquisitions in previous articles on the Company. Cyberlux acquired Kreatx SHPK in December 2021, a developer of innovative software solutions and a key provider of SaaS solutions in western Europe. Kreatx forms the foundation of the Cyberlux Infrastructure Software Solutions (Cyberlux ISS) business unit. Kreatx joined Cyberlux with a staff of 38 employees, including 30 software development and customer support engineers. Cyberlux is actively pursuing the hiring of key leaders for its Digital Software Platform business and negotiating the acquisition of additional technology assets to take on the estimated $500 billion market for digital transformation solutions in 2021 and growing (ReportLinker, December 8, 2021. Kreatx recently won an important new Albanian Government Contract that will scale to $10 – $30 million over the next 24 months and expand across Europe.
ICYMI: Here are the updates from our four Business Units on Q2 plans. We closed Q1 as our best quarter yet in company history and we look forward to another amazing fast paced Q2!#BusinessUpdate #2022FastStart #ShareholderValue $CYBL pic.twitter.com/z0TC8TvNLj
— Official Account of Cyberlux Corporation – CYBL (@CyberluxC) April 18, 2022
To Find out the inside Scoop on CYBL Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
We previously wrote about the Company’s business manufacturing BrightEye Tactical Lighting Systems for various U.S. Government agencies including the U.S. Air Force, Air/Army National Guard, U. S. Special Operations Command (USSOCOM), U.S. Army and the Defense Logistics Agency customers. The Company has introduced LED solar street lighting product offerings with a full range of capabilities from 40 watt to 150 watts. The Cyberlux Solar All-In-One (SAIO) LED street lighting is available as Cyberlux SAIO-40 to SAIO-150. Cyberlux also introduced the Cyberlux Solar Power Systems solar power generation offerings, as the 300 watt Cyberlux SPS-300, the 370 watt Cyberlux SPS-370, and the top-of-the-line Cyberlux SPS-440, an industry-leading 440 watts of power production. Currently Cyberlux has pending contracts for 6200 units of the BrightEye Tactical Lighting System from various DoD agencies.
Cyberlux exceeded its April Revenue Plan of $2.0 million by 23 percent, delivering $2.46 million in revenue for the month. This is the first time in Company history where monthly revenue results exceeded $2 million for three consecutive months, marking the ninth consecutive month of sustained Cyberlux revenue growth. With the Company’s four business units all delivering results above Plan, Cyberlux Management expects the revenue growth performance to continue and accelerate during Q3 2022 and Q4 2022 to achieve its 2022 revenue outlook of $44.8 million, generating a substantial positive net income from Operations for the year.
CYBL CEO Mark Schmidt stated: “With our ongoing execution of both our Operation Alpha and our strategic Roadmap, the Cyberlux growth plans are in place and we are now able to take further action on the CYBL equity structure as we intend. Last year we began the work to eliminate the 700 million ‘ghost’ shares, and have succeeded in this effort, reducing our Outstanding Shares by 12%. At the same time, our Management team and Board of Directors concluded that a further reduction of 20% in our Authorized Share level is warranted at this time, a significant action to help our shareholders accrue value in their positions while allowing the Company to have the means to execute our plans, with further action reserved for the future. We are expanding rapidly across all four of our business units, each scaling during 2022 to meet our plans, as we drive Cyberlux to be the multi-billion-dollar company we expect it to be. With the markets we now serve, we are seeing new customers and partnerships, and limitless global opportunities, specifically within our Digital Platform Solutions (DPS) unit and our Unmanned Aircraft Solutions (UAS) unit. Having a healthy equity structure is vitally important and today we’ve taken the next steps to build the Company.”
— Official Account of Cyberlux Corporation – CYBL (@CyberluxC) April 13, 2022
For More on CYBL Subscribe Right Now!
Currently trading at a $65 million market valuation CYBL is on the move after the Company announced a $19.5 million share buyback. Management has been working to get the share structure down recently cancelling 700 million shares and dropping the authorized shares to 7 billion. CYBL is an exciting story in small caps that has grown through acquisition and now derives its revenues from 4 business; Digital Platform Solutions (DPS), Unmanned Aircraft Solutions (UAS), Infrastructure Technology Solutions (ITS), and Advanced Lighting Solutions (ALS). The Cyberlux enterprise now operates across worldwide time zones, and Company teams in the U.S., South America and Europe are truly driving growth and success. Cyberlux has seen rapid growth in revenues recently reporting $2.46 million in sales during the month of April and raised their fiscal 2022 revenue prediction to $44 million. CYBL is NOT sec reporting and they have a “yield designation from OTCMarkets Group, considering the massive growth of the Company becoming as SEC filer must be a top priority of management to bring transparency and legitimacy to Cyberlux. Microcapdaily first reported on CYBL on July 11 when CYBL was trading for well under a penny. We will be updating on CYBL when more details emerge.
Disclosure: we hold no position in CYBL either long or short and we have not been compensated for this article.