Cycurion Authorized To Repurchase Up To $500K Of Shares

(RTTNews) - Cycurion, Inc. (CYCU), a provider of cybersecurity, public safety technology, and managed services solutions, said on Monday that its board has authorized a share repurchase program of up to $500,000 over the next 12 months.

L. Kevin Kelly, Chairman of Cycurion, said: "With strengthened liquidity from our recent warrant inducement transaction and a growing pipeline of federal and public-sector opportunities, the board has authorized this program as a clear expression of our confidence in the long-term value of the company."

The company expects the recent acquisition of Kustom Entertainment's video-solutions business to contribute over $5 million in annual revenue and over $1.2 million in EBITDA.

The acquisition of Secuvant, LLC, and the company's $54.6 million contract are expected to raise the company's annualized revenue run rate to around $30 million.