Cyber Security 1 (OTCQX: CYBNY) (Nasdaq First North: CYB1), a leading international cybersecurity firm that provides cyber resilience solutions to an ever-growing list of clients globally, enjoyed record revenue growth in 2018. The company’s recent financial report highlights what was an impressive 2018 for Cyber Security 1 (CYBER1). The report states that CYBER1 set records with back-to-back quarters of total quarterly revenue growth and year-over-year total annual revenue growth.
After a careful review of the company’s latest financial report, its management team and Board of Directors, its extensive suite of cybersecurity solutions, and its pro-growth global acquisition strategy, Stock Market Media Group (SMMG), a research and content development IR firm, announces that it has initiated coverage with the release of a new report on CYBER1.
CYBER1 is a low-float security that trades in both the U.S. and Sweden financial markets and is made up of a group (CYBER1 Group) of acquired and absorbed companies that work in concert to offer clients a full suite of tailored solutions that help them achieve cyber resilience against new and existing threats, and in turn, protecting the reputation and value of each of its clients worldwide.
The company generated €21.43 million EUR ($24 million U.S.) in fourth-quarter 2018 revenue, which is a 238-percent increase over Q4 2017, which helped CYBER1 record a total annual revenue of €44.54 million EUR or about $50 million U.S.—a growth of 159 percent year over year (2017 to 2018) and an annual organic revenue growth of 67 percent year over year.
CYBER1 is headquartered in London and operates in more than 10 different countries to serve a client list that reads like a “who’s who” in the business world. In the last 2 years, CYBER1 has acquired or absorbed 13 different companies—an expansion that has dramatically extended its worldwide reach. The company plans to continue to expand globally by way of profitable mergers and acquisitions (M&A) activity in what remains a highly fragmented market. To further that effort, CYBER1 continues to identify “not for sale” and niche companies to expand and consolidate its global presence, including a current pipeline of over twenty acquisitions at various stages.
CYBER1 is entering a new and critical phase in its evolution and the company will begin its next chapter with its newly appointed Chief Executive Officer, Nick Viney. Mr. Viney joins CYBER1 after a successful 7-year career at McAfee. In addition to McAfee, Nick Viney’s resume is comprised of several impressive senior management positions at a number of the world’s largest global technology companies, including Microsoft, Google, eBay, and Arthur Andersen. He has closed some of the largest corporate and consumer cybersecurity deals over the last decade and managed a customer portfolio of nearly 150-million users.
In our latest report, we offer an extensive look into a company that offers a ground-floor opportunity in the cybersecurity industry, which is enjoying explosive growth. Global Market Insights agrees that the cybersecurity market is growing exponentially. Their research has the global cybersecurity market set to grow from its current market value of more than $120 billion to over $300 billion by 2024.
CYBER1 only began trading in the U.S. financial markets in 2018, and it trades on the OTCQX® Best Market as a “penny stock exempt” (under SEC Rule 240.3a51-1) American Depository Receipts or ADR Company. Company executives have stated that they are exploring an opportunity to be listed on the U.S. NASDAQ exchange.