Cybeats Technologies Corp. Announces Second Quarter Fiscal 2025 Financial Results

Executive Summary

• Cybeats Technologies Corp. reported its financial results for the second quarter of fiscal 2025 (ended June 30, 2025), showing significant revenue growth and a substantial reduction in net losses compared to the prior year period.
• The company highlighted strong operational momentum, including multiple contract expansions with key enterprise and government clients, the launch of new AI-powered features, and favorable regulatory tailwinds in the EU.
• Subsequent to the quarter-end, Cybeats strengthened its balance sheet by settling $1.5M of indebtedness, converting $1.4M of debentures into equity, and closing a private placement financing of $3.2M.

Key Details

• Revenue: $744,664 for Q2 2025, an increase of 51% ($252,333) from $492,331 in Q2 2024.
• Net Loss: $(856,431) for Q2 2025, an improvement of 164% ($1,405,103) compared to a loss of $(2,261,534) in Q2 2024, attributed to operational efficiencies.
• Cash Position: Cash on hand was $146,108 as of June 30, 2025, an increase of $111,009 from $35,099 at the end of fiscal 2024.
• Subsequent Financing: Closed a private placement for gross proceeds of $3,237,000.
• Subsequent Debt Settlement: Settled $1.5M of indebtedness and converted $1.4M of debentures into equity.
• Customer Expansions:
  • Emerson Electric Co.: Doubled its use of Cybeats' SBOM Studio (third expansion of the relationship).
  • U.S. Government: Renewed and expanded contract with a major U.S. security agency.
  • Fortune 500 Water Infrastructure Company: Renewed and expanded SBOM Studio license by 34%, extending coverage globally.
• Net Revenue Retention: Reported at 148%.
• Product & Market Updates:
  • Launched "Magic Link," an AI-enhanced SBOM Studio feature.
  • Introduced asset management capabilities for IT and OT environments via SBOM Consumer, currently in pilots with a U.S. defense agency and Orange S.A.
  • Selected to join Canada's U.K. Cybersecurity Market Development Mission.
  • EU formally adopted the Cyber-Crisis Management Blueprint mandating SBOM data exchange across 27 member states.
• Business Outlook: Management cites strong adoption in critical infrastructure and industrial sectors, driven by regulatory mandates such as the EU Cyber Resilience Act, NIS2, and ENISA frameworks. The company reports having the strongest sales pipeline in its history.

Notable Quotes

• "Cybeats continues to demonstrate its leadership in software supply chain security, with SBOM Studio and our newly launched SBOM Consumer driving enterprise-wide adoption across critical infrastructure, industrial, and regulated sectors," said Justin Leger, CEO of Cybeats. "During the quarter we saw multiple expansions with key clients, highlighting the strength of our land-and-expand model. Cybeats is actively expanding market reach, and building strategic partnerships, including channel and white-label opportunities, to accelerate growth. With enhanced product capabilities, high customer retention, and closing of a successful $3.2M financing post the quarter, we are well-positioned to scale and deliver sustained long-term growth."