Castellum Reports Q2 Revenue Of $11.5M, Up Sequentially From $11.3M In Q1
Portfolio Pulse from Benzinga Newsdesk
Castellum reported Q2 revenue of $11.5M, up from $11.3M in Q1. Gross profit increased to $4.7M from $4.5M in Q1. Operating loss improved to $(1.6)M from $(2.7)M in Q1. Adjusted EBITDA was $0.3M, excluding non-cash charges, compared to $(0.1)M in Q1 and $0.1M in Q2 2023.
August 09, 2024 | 10:49 am
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Castellum's Q2 revenue increased to $11.5M from $11.3M in Q1, with gross profit rising to $4.7M and operating loss improving to $(1.6)M. Adjusted EBITDA was $0.3M, a significant improvement from $(0.1)M in Q1.
The increase in revenue and gross profit, along with the improvement in operating loss and adjusted EBITDA, indicates positive financial performance for Castellum. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100