Cerberus Cyber Sentinel Moving after Reporting preliminary estimated Financial Results

March 21, 2023

(24/7 MARKET NEWS) – Cerberus Cyber Sentinel Corporation (NASDAQ:CISO) reported, after yesterday’s market close, certain preliminary estimated fourth quarter and fiscal year 2022 financial information.

Estimated highlights include;

•             $14.7 million in total revenue for the fiscal quarter ended December 31, 2022, an increase of $8.8 million, or 150%, compared to total revenue of $5.9 million for the fiscal quarter ended December 31, 2021.

•             $46.5 million in total revenue for the fiscal year ended December 31, 2022, an increase of $31.4 million, or 207%, compared to total revenue of $15.1 million for the fiscal year ended December 31, 2021.

•             $9.4 million in operating loss for the fiscal quarter ended December 31, 2022, a decrease of $23.5 million, or 71%, compared to $32.9 million in operating loss for the fiscal quarter ended December 31, 2021.

•             $33.2 million in operating loss for the fiscal year ended December 31, 2022, a decrease of $6.6 million, or 17%, compared to $39.8 million in operating loss for the fiscal year ended December 31, 2021.

New York Community Bancorp, Inc. (NYSE:NYCB) announced, this morning, that Flagstar Bank, its subsidiary, acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the Federal Deposit Insurance Corporation (the “FDIC”).  All regulatory approvals, including approval from the OCC, have been obtained, and the transaction has closed.

Cerberus Cyber Sentinel is trading at $0.54 up $0.31 (+134.74%), on 2 million premarket shares.

Its 52-week trading range is $0.225 to 10.78. It’s trading above several recent key resistance levels and is set up for a potential run to the $1 level.

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