$CYBL Cyberlux Corporation (OTC: CYBL) Raises its Revenue Guidance by 27% for the Full Year 2021
Company informs Shareholders and Investors that its revenue will exceed prior estimates for both the quarter and full year ending December 31, 2021.
RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / November 24, 2021 / Today, Cyberlux Corporation, (OTC PINK:CYBL), an advanced technology platform company and a leading provider of LED lighting, renewable energy and infrastructure technology, and advanced unmanned aircraft systems (UAS) solutions, announced the Company is increasing its revenue guidance for the full year 2021 from $5.2 million to $6.6 million, an increase of 26.9 percent from the Company's prior guidance. In addition, the Company is expecting to post positive net income from Operations for the full year 2021.
Cyberlux Corporation CEO Mark Schmidt commented on the new estimates:
"Dear CYBL Community, we are excited to raise our revenue outlook for the year from $5.2 million to $6.6 million, an increase of $1.4 million, up 27% from the prior estimate
for the year. As we all saw in the October revenue results, our transformation into an Advanced Technology Platform company with our four business units - FlightEye Unmanned Aircraft Systems, Advanced Lighting Systems, Infrastructure Technology Solutions and Infrastructure Software Solutions - 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 we all expect. Let's go!"
The Company's Operation Alpha growth plan has three top priorities: (1) drive growth through aggressive business development, acquisitions and joint ventures; (2) address core target markets with DoD products, new specialty UAS technology capabilities, solar and renewables, and with emerging infrastructure projects; and (3) gain immediate business velocity by focusing on the new business and the new product pipeline, accelerating the South American projects, continuing to build out the Company's organization, and driving the Company's strategic IP development.
Moving forward, Cyberlux Corporation is "Harnessing the Future" by driving operational growth through an accelerated acquisitions and joint ventures strategy, with growth from current and future technology developments, including fundamental organic growth from the Company's four business units, all driving Cyberlux to be a leading technology growth company.