Cyberlux Corporation (OTC: CYBL) is moving northbound off its $0.01 base running 13% on Friday on about $150,000 in dollar volume. The stock has been a big runner in the past skyrocketing from the subs to highs of $0.066 in September 2021 before coming back to current levels. There are a lot of exciting things underway at Cyberlux; the Company is currently at #NATOWeek which continues to be a success; according to CYBL twitter: “: #NATOWeek continues to exceed all of our expectations! More updates to come as they become available to post.” the Company also said on twitter they did $2.7 million in revenues during may beating expectations of $2.4 million. the Company said on twitter: “We are proud to announce we exceeded our May Revenue projections and Q2 is expected to exceed plan by more than 10% and month to month by 10%. We will be releasing official PR once we complete field testing in North Carolina.” CEO Mark Schmidt also provided an update on the Company here.
It’s easy to get excited about CYBL; an active Department of Defense (DoD) contractor providing leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army. Management has been hard at work getting their filings in order and recently went to “pink current” on OTCMarkets. Management has been working with the share structure and enacting a no reverse split policy as they move the AS from 20 billion down to 8.75 billion. They also recently enacted a $19.5 million share buyback during which they hope to acquire up to 20% of the OS. CYBL has seen significant growth through an aggressive acquisition strategy. Management recently stated: “It expects the quarterly revenue growth to continue during 2022 and expects a record second quarter 2022, as May 2022 results are finalized this week. Going forward, the Company’s acquisition and organic growth strategy continues to expand across its four business units: Digital Platform Solutions, Unmanned Aircraft Solutions, Infrastructure Technology Solutions and Advanced Lighting Solutions. With the 2022 revenue outlook of $44.8 million, the Company is expected to generate a substantial positive net income from Operations for the year as well.
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Cyberlux Corporation (OTC: CYBL) operating out of Research Triangle Park, North Carolina 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, including fundamental organic growth from the Company’s four business units – Digital Platform Solutions, Unmanned Aircraft Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions, targeting U.S. government agencies, commercial markets and international opportunities.
Cyberlux provides unique solutions to the Department of Defense (DoD), Commercial channels and Design Services customers. Since 2006, Cyberlux has provided leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army. As the Company’s primary channel, Cyberlux supplies the DoD with light-weight, portable battery-powered advanced LED lighting systems for special operators, forward-base operations, security and maintenance lighting. After early consumer product trials, the Company has focused on DoD lighting technology and serving the Military, First Responder and related Commercial markets, primarily with the BrightEye Tactical Lighting System products. The Company’s mission is to be the trusted provider of advanced lighting solutions to Commercial, Government and Military organizations worldwide.
Cyberlux manufactures 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 has experienced rapid and enormous growth through acquisition. They moved into the drone space with the acquisition of CTMC Drone Solutions, LLC creating the foundation for the new Cyberlux drone business unit, FlightEye Drone Solutions. Going forward, FlightEye Drone Solutions will leverage its core technology capability to provide compact, next-generation military-grade UAS products and drone solution packages built around proprietary Cyberlux LED lighting, infrared night vision capability, thermal sensor technology, eye-in-the-sky monitoring capabilities, and LiDAR mapping and perception technologies. The business unit is immediately focused on existing Department of Defense (DoD) requirements and existing Broad Area Announcement (BAA) research and development opportunities, including geofencing capabilities, observe and monitor alert systems, collision avoidance capabilities, beyond-line-of-sight operations, urban area operations, operating system support for multiple drone operation and traffic management, and other critical priorities such as weight optimization and energy efficiency.
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On June 15 CYBL announced it has filed its amended Quarterly Report for the period ended March 31, 2022, including the minor corrections and additions required in compliance with the OTC Markets request, and has confirmed the Company achieved a record $6,247,453 in Revenue and a record $1,243,246 in Net Income for the First Quarter of 2022. The Company also grew its Balance Sheet Assets to $10,524,329 with its successful organic growth and platform acquisition strategy for the period ended March 31, 2022. Cyberlux grew its revenue by $6,247,453, compared to $0 revenue in first quarter 2021, and achieved a 543 percent increase in year-over-year net income growth, $1,243,246 versus $193,440. Additionally, Cyberlux revenue grew 13.8 percent quarter-over-quarter from fourth quarter 2021 to first quarter 2022, where first quarter is typically the lowest performing quarter for the entire year.
Cyberlux Management expects the quarterly revenue growth to continue during 2022 and expects a record second quarter 2022, as May 2022 results are finalized this week. Going forward, the Company’s acquisition and organic growth strategy continues to expand across its four business units: Digital Platform Solutions, Unmanned Aircraft Solutions, Infrastructure Technology Solutions and Advanced Lighting Solutions. With the 2022 revenue outlook of $44.8 million, the Company is expected to generate a substantial positive net income from Operations for the year as well.
Cyberlux Corporation CEO Mark Schmidt commented on the results: “Dear CYBL Community, we are happy to report the OTC Markets requests have been reflected in the amended Q1 2022 report just filed, and we could not be more excited to confirm our stellar Q1 2022 results, across the board the best Q1 ever and a remarkable year-on-year transition for both the Cyberlux company and our shareholders. We also took the time to review the OTC Markets input with our pre-audit team to make sure we learned and institutionalize the process changes we need from the input we received.The results for both Q1 2022 and the previous 12-month period are simply amazing. These past four quarters including Q1 2022 are by far the best four quarters in both revenue and net income results we have every had as a company. With revenues of over $6 million in Q1 and over $13 million from Q1 2021 to Q1 2022, we are seeing Operation Alpha deliver results way beyond our plans. In fact, our revenue in Q1 2022 exceeded our Q1 Plan by 39%, which is just fantastic since Q1 is the lowest quarter of the year. More importantly, we’ve generated net income of over $3 million during the past four quarters, a growth of over 1525%. And our Q1 net income was still $1.2 million, the second-best quarter ever, despite being a very heavy investment quarter in our Business Unit plans. This bodes very well for the Share Buyback Program we just announced as well. We’re expecting May 2022 results this week and will have more to say on the rest of the year, but we expect Q2 to be the best yet and launch the business growth for the rest of the year per our 2022 Operation Alpha Plan. I’d be remiss if I didn’t remind our shareholders that we are really, truly just getting started!”
Going forward, Cyberlux Corporation is “Harnessing the Future”, driving operational growth with current and future technologies, through fundamental organic growth and through an accelerated acquisitions and joint ventures strategy, all fueling significant future growth. As the Company develops advanced technology products, we will identify core technology and product companies, and these companies will become the Cyberlux growth catalysts. As the results show, Cyberlux is building a global enterprise and developing into a leading technology growth company.
Business update: We are proud to announce we exceeded our May Revenue projections and Q2 is expected to exceed plan by more than 10% and month to month by 10%. We will be releasing official PR once we complete field testing in North Carolina.#LetsGo$CYBLpic.twitter.com/Kc0UBbVHLn
— Official Account of Cyberlux Corporation – CYBL (@CyberluxC) July 8, 2022
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Currently trading at a $51 million market valuation CYBL has 5,163,466,363 shares outstanding and 3,779,932,470 in the float. CYBL is moving northbound off its $0.01 base running 13% on Friday on about $150,000 in dollar volume. The stock has been a big runner in the past skyrocketing from the subs to highs of $0.066 in September 2021 before coming back to current levels. CYBL has been strengthening its balance sheet and has reported record revenue growth recently reporting $6,247,453 in revenues for the 3 months ended March 31, 2022 up from $0 and a net income of $1,465,014 for the quarter. There are a lot of exciting things underway at Cyberlux; the Company is currently at #NATOWeek which continues to be a success; according to CYBL twitter: “: #NATOWeek continues to exceed all of our expectations! More updates to come as they become available to post.” the Company also said on twitter they did $2.7 million in revenues during may beating expectations of $2.4 million. CYBL ran to $0.066 last year and investors are looking for a breakout from here just over $0.01 and a return to previous highs. Microcapdaily first reported on CYBL on July 11 when the stock was trading for well under a penny.We will be updating on CYBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CYBL.
Disclosure: we hold no position in CYBL either long or short and we have not been compensated for this article.
MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.
So why did MTC surge today ?
The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.
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Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.
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Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.
We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.
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Cazoo Group Ltd (NASDAQ: CZOO) last traded at $2.62, a gain of +0.6400 (+32.32%). More than 5M shares exchanged hands compared to an average daily volume of 228K shares. Considering that the 52 week high of CZOO is more than 65$, there seems to be a lot of room to the upside.
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Why did CZOO surge last week? Welcome to the Carvana of the UK!
Cazoo, a publicly traded company (NYSE: CZOO), was founded in 2018 by serial entrepreneur Alex Chesterman OBE. The company’s mission is to revolutionize the UK’s car buying and selling experience by offering consumers better selection, value, transparency, convenience, and peace of mind. Cazoo’s goal is to make the car buying or selling process as simple as purchasing any other product online. The company enables customers to buy, sell, or finance a car entirely online, with delivery or collection available in as little as 72 hours.
Recently, Cazoo Group Ltd, the UK’s leading online car retailer, updated its business performance and progress with the restructuring announced in January. The CEO, Alex Chesterman, expressed satisfaction with the progress made so far in 2023, despite the challenging economic environment. The company has taken swift and decisive management action to restructure the group, improve unit economics, and reduce fixed costs. The rightsizing of headcount and operational footprint is well underway, and the company expects to complete the restructuring before the end of Q1 2023. The company has seen significant improvement in its GPU, with retail GPU tracking at approximately £900, up from £600 in Q4 2022. Cazoo has sold over 100,000 cars entirely online in the UK in the three years since its launch. The company remains fully focused on driving higher profitability and has appointed Jonathan Dunkley as Chief Operating Officer. Cazoo’s cash reserves remain strong, and the company expects to achieve profitability without external funding until H2 2024. The company expects to end 2023 with over £100m of cash and cash equivalents on its balance sheet and sell 40,000-50,000 UK retail units in the current year.
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The online car market in the UK has been growing rapidly in recent years, driven by increasing consumer demand for convenience and transparency in the car buying process. Online car retailers such as Cazoo, Carzam, and Cinch have emerged as major players in the market, offering a wide selection of used cars for sale online with home delivery or pickup options. These companies use advanced technology to provide customers with a seamless buying experience, including virtual vehicle inspections, transparent pricing, and easy financing options. The COVID-19 pandemic has further accelerated the shift towards online car buying as consumers seek to avoid in-person interactions and dealerships adapt to new ways of doing business.
So if CZOO learns from Carvana’s mistake, there is little to no doubt that CZOO could be the talk of the town in days to come. We will be updating on CZOO when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CZOO.
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Disclosure: we hold no position in CZOO, either long or short, and we have not been compensated for this article
Shares of Ocean Biomedical (NASDAQ:OCEA) surged more than 100% on Thursday, following a talk by the company’s scientific co-founder, Dr. Jack A. Elias, at Brown University’s Legorreta Cancer Center. The preclinical-stage biotech, which went public on the NASDAQ on February 15, focuses on developing novel treatments for deadly diseases, including malaria, multiple cancers, and pulmonary fibrosis.
During the talk, Dr. Elias presented exciting details about potential therapies to suppress tumors in various cancers, focusing on the company’s work in understanding the role of the protein Chitinase 3-like-1 (CHI3LI) in the progression of lung cancer. He also discussed his discoveries on how certain monospecific and bispecific antibodies can be used as therapies to treat non-small cell lung cancer (NSCLC) and glioblastoma multiforme (GBM). The company aims to expedite these findings into phase 1 trials.
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The excitement over this preliminary news stems from the large target groups for both diseases. According to Cancer.net statistics, NSCLC is the leading cause of cancer death and the second-most diagnosed cancer in the US, affecting around 236,740 people. GBM is the most common primary brain tumor in adults, with an average survival period of just 15 months and no cure.
The recent surge in Ocean Biomedical’s shares also comes on the heels of an announcement on February 28 that co-founder Dr. Jonathan Kurtis had been awarded a patent for the discovery of the third parasite target PfCDPK-5. This target has the potential to be used to halt the malaria parasite in various stages of its cycle, opening up new possibilities for treating this deadly disease.
Ocean Biomedical’s focus on developing novel treatments for deadly diseases and its recent exciting findings have generated significant investor interest. However, it is important to note that investing in preclinical-stage biotech companies carries a high level of risk. There is no guarantee that these discoveries will translate into effective treatments or that the company will receive regulatory approval.
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Nevertheless, the positive developments from Ocean Biomedical are a significant milestone and hold great promise for patients suffering from deadly diseases such as cancer and malaria. If the company’s discoveries prove successful in further clinical trials, they could potentially generate significant revenue and transform the standard of care for these diseases. We will be updating on OCEA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OCEA.
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Disclosure: we hold no position in OCEA, either long or short, and we have not been compensated for this article