CISO Global reported a 108% increase in gross profit and a 137% expansion in gross margins in H1 2025 compared to H1 2024. The company also achieved a 30% reduction in total current liabilities and reaffirmed its 2025 guidance, projecting $10 million in software bookings and $35 million in services revenue. Strategic partnerships with Cyber Assurance Group and Financial Independent Group are expected to drive growth.
CISO Global (NASDAQ: CISO), a leading provider of AI-powered cybersecurity software and compliance services, has reported substantial financial improvements in the first half of 2025. The company achieved a 108% increase in gross profit and a 137% expansion in gross margins compared to the same period in 2024. This growth was driven by a stronger mix of high-margin software revenue and operational efficiencies [1].
Total current liabilities were reduced by approximately 30% before a recent $9M debt-for-preferred equity exchange, further strengthening the company's balance sheet. The CFO, Deb Smith, attributed these results to the company's financial discipline, stating, "With margins rising, losses narrowing, and new revenue streams emerging from partnerships and warranty-backed software, CISO Global is well on its way to sustained profitability" [1].
The company also reaffirmed its 2025 guidance, projecting $10 million in software bookings and $35 million in services revenue. Strategic partnerships with Cyber Assurance Group and Financial Independent Group are expected to drive this growth. The CEO, David Jemmett, highlighted the company's strategy, noting, "Our first-half performance shows our strategy is delivering. Combined with high-margin software, nationwide distribution through FIG and CAGI, and our groundbreaking $1.5 million cyber warranty, we are building a more profitable, resilient, and trusted enterprise" [1].
CISO Global's financial performance reflects its commitment to operational efficiency and strategic partnerships, positioning the company for continued growth in the cybersecurity market. The company's forward-looking statements, including its expectations for software bookings and services revenue, are subject to risks and uncertainties, as detailed in its SEC filings [1].
References:
[1] https://www.stocktitan.net/news/CISO/ciso-global-achieves-108-gross-profit-growth-56-net-loss-from-yx9af2gytvh0.html
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