NetworkNewsBreaks – CISO Global Inc. (NASDAQ: CI
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Posted On: 03/21/2023 5:32:26 PM
NetworkNewsBreaks – CISO Global Inc. (NASDAQ: CISO) Releases Preliminary Quarter, FY Financial Report
CISO Global (NASDAQ: CISO), formerly Cerberus Cyber Sentinel and an industry leader as a managed cybersecurity and compliance provider, is reporting preliminary estimated financial information for the quarter and fiscal year period ending Dec. 31, 2022. A brief summary of the release shows that the company is reporting $14.7 million total revenue for the quarter, a 150% ($8.8 million) increase over the same quarter the year before, and $46.5 million in total revenue for the fiscal year, an increase of 207% ($31.4 million) over fiscal year 2021. In addition, the company reported a $9.4 million operating loss for the quarter and a $33.2 million operating loss for FY 2022, both of which represent double-digit decreases from the same periods the year before. Company officials noted that the financial information has been prepared by company management; Semple, Marchal & Cooper LLP, CISO’s independent registered public accounting firm, was not involved in the audited, review or compilation of this preliminary financial report. “We are very pleased to announce this 2022 preliminary estimated financial information, which reflects our highest quarterly revenue ever and continues our string of seven consecutive quarters of record revenues,” said CISO Global CEO and chair David Jemmett in the press release. “We believe that this estimated financial information continues to validate our service offering and our strategy, enabling us to drive significant revenue and market penetration. We continue to see growing demand for our services and expect this to carry on through 2023.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
CISO Global (NASDAQ: CISO), formerly Cerberus Cyber Sentinel and an industry leader as a managed cybersecurity and compliance provider, is reporting preliminary estimated financial information for the quarter and fiscal year period ending Dec. 31, 2022. A brief summary of the release shows that the company is reporting $14.7 million total revenue for the quarter, a 150% ($8.8 million) increase over the same quarter the year before, and $46.5 million in total revenue for the fiscal year, an increase of 207% ($31.4 million) over fiscal year 2021. In addition, the company reported a $9.4 million operating loss for the quarter and a $33.2 million operating loss for FY 2022, both of which represent double-digit decreases from the same periods the year before. Company officials noted that the financial information has been prepared by company management; Semple, Marchal & Cooper LLP, CISO’s independent registered public accounting firm, was not involved in the audited, review or compilation of this preliminary financial report. “We are very pleased to announce this 2022 preliminary estimated financial information, which reflects our highest quarterly revenue ever and continues our string of seven consecutive quarters of record revenues,” said CISO Global CEO and chair David Jemmett in the press release. “We believe that this estimated financial information continues to validate our service offering and our strategy, enabling us to drive significant revenue and market penetration. We continue to see growing demand for our services and expect this to carry on through 2023.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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