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Cyberlux Corp
> Cyberlux Corporation Issues Monthly Recap with Key Accomp
Post by
AveragePenny on Dec 08, 2021 10:17am
Cyberlux Corporation Issues Monthly Recap with Key Accomp
"Dear CYBL Community, we had our fourth consecutive month of exceeding our plans and expectations, and we are particularly excited that November was our third month in a row where we beat revenue forecasts, which made it a great month by all measures. We announced our best month of November revenue ever, we increased our revenue outlook for 2021, acquired 30 hectares of solar power generation property for the production of 20MW of renewable energy starting in 2022, participated in an outstanding joint field exercise with new Department of Defense customers, began the full pursuit on the new infrastructure bill spending across six states, and started the next phase of the company's growth with investment banking strategy meetings in NYC. Here's a quick recap of what transpired:
- We reported revenue for November of $1,509,267 which exceeded both the June projection of $1,000,000 by 51% and the new revised November outlook of $1,100,00 by 37%. In addition, our year-to-date revenue through November is $6,045,174, which also exceeded our revised Q4 revenue ramp by 37% as well.
- We increased our revenue guidance for the full year 2021 from $5.2 million to $6.6 million, an increase of 26.9% from the Company's prior guidance. In addition, we expected to post positive net income from Operations for the full year 2021.
- We have finalized the acquisition of 30 hectares of solar generation property in the Sabanalarga region of Colombia. We are evaluating plans to optimize profit generation including two energy reseller partnerships and three cryptocurrency mining alternatives. We expect to bring the facility online in 2022 and produce a minimum of 20MW of electricity, with additional property rights available from our HAVAS acquisition for further expansion. We are still determining the best partnership agreements for the optimal profit model, with both a short-term risk and long-term growth consideration. We will be releasing further details as soon as the plans are finalized.
- We published our Q3 2021 financial report with the following highlights:
1. 613% increase in Q3 vs. Q2 Revenue, $2.251M vs. $367K.
2. 50.1% increase in Q3 Revenue vs. June Q3 estimates, $2.251M vs. $1.5M.
3. Net Income of $155K for Q3 which was 252% Year over Year.
4. YTD Net Income of $543K which was 289% Year over Year.
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