Cyberlux raises FY21 revenue guidance by 27% from prior estimate

Nov. 24, 2021 1:56 PM ETCyberlux Corporation (CYBL)By: Khyathi Dalal, SA News Editor
  • Cyberlux (OTCPK:CYBL +5.9%) raised its FY21 revenue guidance from $5.2M to $6.6M, which is an increase of 26.9% from the company's prior guidance; it is expecting to post positive net income from operations for the full year.
  • "As we all saw in the October revenue results, our transformation into an Advanced Technology Platform company with our four business units is now fully underway and the results are far exceeding our expectations. We are literally in the fourth month after launching Operation Alpha and the plan is already pushing our growth rate faster than anticipated. We are seeing growth from all the business units, and we very well positioned for 2022 to be the transformative year," CEO Mark Schmidt commented.

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