$CYBL Q2 IS IN!! Let's take a look:
๐ Key Financials (Six Months Ended June 30, 2025)
Revenue: $28.73M (โ from $57.84M in 2024)
Gross Profit: $14.91M (โ from $35.72M)
Net Income: $7.95M (โ from $27.26M)
EPS (Basic): $0.001 vs $0.005 in 2024
Cash: $0.78M (โ from $4.95M at year-end)
Current Liabilities: $55.47M (current assets: $39.72M) โ working capital deficit ~$15.75M
Stockholdersโ Deficit: $(7.98)M
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๐ข Business Units & Developments
1. Unmanned Aircraft Solutions (UAS)
Advanced VTOL drones and fixed-wing tech for U.S. and allied militaries.
Strategic partnerships with Palantir (AI-driven manufacturing), TrellisWare (anti-jam comms), and OKSI (GPS/RF-denied ops).
NDAA-compliant platforms developed; engaged with USSOCOM.
Completed deliveries under $78.9M K8 drone contract (Ukraine).
2. Datron Military Communications (DMC)
Military-grade radios, expanding globally (Middle East, Africa, Asia-Pacific).
New MESH/MANET radio systems for high-speed tactical data.
$27M high-probability order pipeline.
3. Global Integration Services (GIS)
Defense solutions & border security systems for U.S. allies.
$22.7M contract for F-16 instrument landing systems; $19.9M already fulfilled.
Seven nations in pipeline for border security programs.
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โ๏ธ Legal Proceedings (multiple active cases)
Ongoing disputes with Atlantic Wave Holdings/Secure Community LLC (breach of settlement, garnishment actions, receivership challenges).
Contract dispute with former Catalyst Machineworks owners (alleged unpaid wages/bonuses/shares).
RB Capital Partners litigation over notes payable.
Interpleader action affecting receivables from prime vendor HII.
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๐ฐ Debt & Liquidity
Convertible debt outstanding: ~$9.48M (potential dilution: ~833M shares).
Line of credit: $10.05M outstanding (default status, extended to July 2025).
Related-party loans: $2.59M.
Merchant cash advances post-Q2: ~$860K repayment over 16โ20 weeks.
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๐ Share Structure (as of June 30, 2025)
Authorized: 7.0B common; 99M Series B preferred; 150K Series C preferred.
Outstanding: 6.078B common; 86M Series B; 150K Series C.
Series B: 200:1 conversion ratio; carries 12% cumulative dividend (not declared).
Series C: Non-voting, convertible at formula-based rate; 5% cumulative dividend (not declared).
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โ ๏ธ Going Concern
Accumulated deficit: ~$36.35M.
Negative working capital, defaults on credit line, litigation-related garnishments, and reliance on financing raise substantial doubt.
Management plans: pursue growth via contracts, acquisitions, and financing; explore uplisting and stock buyback plan once cash flow stabilizes.
Full Report:
otcmarkets.com/file/company/โฆ