CISO Global Strengthens Financial Position Amid Growth Milestones
CISO Global's Financial Milestone
CISO Global, Inc. (NASDAQ: CISO), a prominent name in AI-powered cybersecurity software and managed security services, has reached a significant financial achievement by fully satisfying convertible notes held by Target Capital 14, LLC and Secure Net Capital, LLC. This development not only strengthens its balance sheet but also showcases the company's commitment to fostering investor confidence through its profitability.
Recent Corporate Developments
This milestone coincides with a wave of positive corporate news, particularly following the announcement of unaudited Adjusted EBITDA profitability. By achieving this financial benchmark, CISO Global aims to align shareholder interests with sustainable long-term value creation.
Convertible Notes Management
CISO Global has also communicated its intention to manage the $7 million in convertible notes currently on its books, which have been extended under existing terms. These notes are associated with an advisory board member and Hensley Beverage Company, whose CEO, Andy McCain, is also part of CISO’s Board of Directors. With rising profitability, the company plans to repay these notes gradually through its cash flows.
Leadership Support
Andy McCain expressed steadfast commitment, stating, "We remain deeply committed to CISO Global and its mission. Extending our investment reflects our long-term confidence in the team, strategy, and ability to drive sustainable value for stakeholders." This support from leadership emphasizes confidence in the company's direction and projected growth.
Strategic Focus on Recurring Revenue
Deb Smith, the CFO of CISO Global, noted that with the strongest balance sheet the company has ever seen, the focus is now on expanding recurring revenue through enhanced software sales to current customers and channel partners. The company is deeply appreciative of its vendors for their collaboration, which has played a crucial role in reaching its present success.
Commitment to Growth Strategy
With a solid financial base and growing momentum, CISO Global remains dedicated to executing its growth strategy. The company strives to maximize shareholder value while delivering industry-leading cybersecurity solutions designed to tackle the evolving landscape of cyber threats.
Overview of CISO Global, Inc.
CISO Global, Inc. stands out as an industry leader in AI-driven cybersecurity software, focusing on providing comprehensive solutions tailored for organizations facing modern cyber threats. Utilizing state-of-the-art technology combined with extensive industry expertise, CISO delivers specialized services that assist clients in safeguarding their digital assets against potential vulnerabilities.
Guidance on Compliance
Organizations looking for guidance on Cybersecurity Maturity Model Certification (CMMC) compliance and best practices in cybersecurity can trust CISO Global’s proficiency. The company's commitment to their clients exemplifies its dedication to offering a secure and compliant operational environment.
Frequently Asked Questions
What recent financial milestone did CISO Global achieve?
CISO Global fully satisfied its convertible notes, marking a significant financial milestone and strengthening its balance sheet.
What is the company's current focus following its profitable status?
The company is focusing on expanding recurring revenue through software sales to its existing customers and channel partners.
Who is the CEO of Hensley Beverage Company and what is his role at CISO?
Andy McCain is the CEO of Hensley Beverage Company, and he also serves on CISO's Board of Directors, supporting the company’s strategic direction.
How does CISO Global ensure cybersecurity for its clients?
CISO Global combines AI-powered technology with industry knowledge to provide tailored cybersecurity solutions that protect digital assets.
Where can organizations get advice on cybersecurity compliance?
Organizations seeking guidance on CMMC compliance and cybersecurity best practices can rely on the expertise provided by CISO Global, Inc.
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