24/7 Market News Snapshot 28 February, 2025 – Castellum, Inc. (NYSE:CTM)

February 28, 2025

DENVER, Colo., 28 February, 2025 (247marketnews.com) – (NYSE:CTM) are discussed in this article.
Castellum, Inc. (CTM) is currently experiencing a notable surge in pre-market trading, with shares priced at $1.065, reflecting a significant increase of 14.52% from the prior close of $0.930. This upward movement, paired with an impressive trading volume of 2.97 million shares, indicates a robust level of buyer interest, likely fueled by positive market sentiment or favorable news. Analysts are advised to monitor key resistance levels and overall market dynamics, as sustained buying pressure may point toward further price ascension.

In a related development, Castellum reported its operating results for the year ending December 31, 2024, demonstrating marked improvements in its financial performance. While the company’s revenue slightly declined to $44.8 million from $45.2 million in 2023, it achieved a significant decrease in operating loss, narrowing from ($16.7 million) to ($7.2 million). This remarkable shift was accomplished amidst ongoing non-cash charges related to stock-based compensation and prior goodwill impairment.

Furthermore, Castellum recorded a substantial increase in Adjusted EBITDA, rising to $0.8 million from $0.2 million year-over-year, and transformed its cash flow to a positive $1.1 million, recovering from a ($2.3 million) outflow in the previous year. By the end of 2024, Castellum’s cash reserves had escalated to $12.3 million, up from $1.8 million at the end of 2023, while debt was reduced to $10.7 million from $12.4 million, reflecting the company’s strengthened financial position.

Glen Ives, President and CEO, expressed confidence in the company’s trajectory, indicating that 2025 is poised to be a year of significant growth fueled by new contracts and continued execution on existing ones. Castellum’s forthcoming fully audited financial results, expected by March 15, 2025, are anticipated to provide further clarity on its strategic initiatives and ongoing momentum in the cybersecurity and electronic warfare sectors.

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