Technology

Cyberlux Corp (OTCMKTS: CYBL) Announces Strong Second Quarter Financial Results

Cyberlux Corp (OTCMKTS: CYBL) is making a strong comeback after it had recently dipped to nearly $0.01. It’s now showing a steady uptrend, and it looks like this will continue for a while as Cyberlux announces strong financial results as well as important developments.

Key Financial Highlights
Revenues for the second quarter of 2021 came to $367,231, which was a lot more than the $0 they recorded during the same quarter of the last financial year (a figure that was largely influenced by the COVID shutdown protocols). Cyberlux Corporation reported an operation’s income of $591,868 for the same quarter.

Cyberlux is now in the position of achieving OTC Current Status, which will help them gain massive business velocity. This will also help in continuing to build the organization, help it concentrate on new product pipelines and new business, accelerate the projects it has in South Africa and drive on the company’s strategic I.P. development. Cyberlux is concentrating of rapid growth efforts via different acquisitions. The company recently stated that it was ready to take full advantage of its opportunities, including the two to four acquisitions they plan to make this year. The first one, the company, expects to close by the end of this month.

What the market says
Microcapdaily once stated that it’s easy to get happy and excited about Cyberlux. This is an active DoD (Department of Defense) contractor that provides battle-tested, cutting edge illumination solutions to the Special Operations Command (SOCOM), National Guard, U.S. Army and U.S. Air Force. However, management is busy making their filings and wants to move to “Pink Current” status. Senior management has also been trying to develop a no reverse split policy and working on its share structure. Management says that they’re expanding the company via acquisitions in targeted international and commercial markets with their renewable energy services, products, and technologies. Management also said they feel very strongly about having healthy equity structures.