Cycurion expects US$843K in 2026 public-safety revenue

A public-safety work forecast puts 2026 revenue at US$843,028, while a much larger decade projection assumes one dispatch administration role continues at its current monthly rate. Cycurion, Inc. NASDAQCYCU, the McLean, Virginia cybersecurity and public-safety IT supplier, said on Sept. 24 its closed engagements include work supporting Chicago and a conditional US$3.43 million projection for that role over ten years.

Cycurion shares NASDAQCYCU rose 1.66 per cent to US$3.06 by 10:17:58 a.m. EDT in New York on Sept. 24. The shares still traded on Nasdaq while a panel considered the company's appeal of a delisting determination; Cycurion said on Sept. 24 it had no final written decision.

Of the projected 2026 revenue, US$763,256 comes from Chicago go-live support, US$22,645 from fire-department training and US$57,127 from a CAD administration position, the company said. Those components sum to the stated US$843,028. The company describes the engagements as closed, but calls the current-year total a forecast rather than revenue already recognized.

The decade figure belongs to the CAD position alone, and Cycurion says actual revenue will depend on continued authorization, performance and applicable contract terms. The release gives no starting month for the position or signed ten-year term. It also gives no date for the Nasdaq panel's written decision. The Dec. 31 year-end will close the period covered by the revenue forecast.

The Decade Projection Depends On Continued Authorization

The CAD position contributes only US$57,127 to Cycurion's 2026 forecast, while the US$3.43 million figure assumes its current monthly rate continues for ten years. The headline's “CAD” refers to the administration position described in the release, rather than a Canadian-dollar denomination. Cycurion does not disclose that monthly rate or a schedule of contract renewals in the Sept. 24 announcement.

“These public-safety awards should contribute about $843,000 in 2026, including a CAD seat with a projected $3.43 million value over ten years,” Cycurion chairman and chief executive L. Kevin Kelly said in the Sept. 24 release.

Kelly's projection is qualified by his company's own warning that the administration work needs continued authorization and performance. The release also does not say how much of the 2026 amount has been invoiced or recognized as of Sept. 24. The distinction leaves investors with a near-term sales forecast and a longer extrapolation whose terms have not been shown.

The new estimate arrives after Cycurion reported US$3.8 million in second-quarter revenue and a US$4.0 million net loss for the period ended June 30, 2026. The company reported a 29.1 per cent gross margin, up from 6.1 per cent a year earlier. The latest release does not revise those reported figures, and the public-safety forecast covers calendar 2026 rather than a single quarter.

In that Aug. 14 report, Cycurion also described a separate US$54.6 million, ten-year state-government health-system award scheduled to start work in November 2026. The Sept. 24 announcement does not identify that project as part of the Chicago public-safety work. Its decade value and the new CAD projection therefore describe different engagements, each with its own delivery assumptions.

Cycurion announced approximately US$800,000 in annual contract spend on Sept. 3 across a pharmaceutical AI engagement, work for the National Association of County and City Health Officials and other customers. That announcement used annual customer spending, while the Sept. 24 figure is projected revenue for the calendar year. Cycurion did not say the two sets of engagements overlap, so the figures cannot be treated as a combined 2026 revenue update.

The distinction between contract value and recognized sales also appeared in the desk's Sept. 24 account of software customer contracts. Cycurion's current release offers no recognition timetable for the hypothetical decade of CAD work, leaving the calendar-year forecast as the first figure to check against its later accounts.

Read more: Nextech3D.ai reports $1M-plus in new customer contracts

Nasdaq Has Yet To Issue A Written Decision

Cycurion's July 16 notice said Nasdaq issued a July 10 delisting determination after the stock's closing bid stayed below the US$1 minimum for 31 consecutive business days. The notice said a reverse split in October 2025 made the company ineligible for the usual 180-day compliance period, so it appealed to a Nasdaq Hearings Panel. Cycurion says the hearing took place Aug. 20 and its stock continues to trade pending a final decision.

In an Aug. 26 shareholder letter, Kelly described a one-for-eight reverse share split as a step toward clearing the listing requirement. The US$3.06 market quote on Sept. 24 sits above the minimum named in the July notice, but the company's latest release still says the panel has not sent a final written decision. A quoted share price is no substitute for that ruling.

The calendar year ends Dec. 31, 2026, the first dated point at which Cycurion's US$843,028 forecast can be measured against a completed reporting period. Its eventual full-year filing will show recognized revenue, while a Nasdaq Hearings Panel decision, whenever issued, will settle the separate listing question.