Cyberlux Corporation (OTC PINK:CYBL, $CYBL) shares are bucking weak markets following an impressive earnings report. This advanced digital technology platform company is leading the digital transformation evolution across industries with breakthrough Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) solutions, advanced unmanned aircraft solutions (UAS), cutting-edge lighting solutions, and renewable energy and infrastructure technology solutions.
The bulls liked what CYBL had to say on the earnings front. Last week, $CYBL announced that the Company recorded $8,107,592 in Revenue and posted $1,903,766 in Net Income for the Full Year 2021. The Company also grew its Balance Sheet Assets to $9,327,043 with its successful platform acquisition strategy for the period ended December 31, 2021. Shares have been trading higher since.
Cyberlux added it achieved a 244% increase in quarter-over-quarter revenue growth, $5.49 million versus $2.25 million. Further, Cyberlux Management expects the quarterly revenue growth to continue during 2022 and going forward, as the Company’s acquisition and organic growth strategy continues to develop across its four business units: Digital Platform Solutions, Unmanned Aircraft Solutions, Infrastructure Technology Solutions and Advanced Lighting Solutions. The Company’s 2022 revenue outlook is $44.8 million and is expected to generate a substantial positive net income from Operations for the year.
Shares are higher by 2% on an otherwise bright red micro-cap market day.