FY 2025 revenue totaled $7.4 million, a 0.3% decline from the $7.42 million reported for FY 2024. The drop was largely offset by a 22.8% increase in the Cybersecurity Software and Services segment, driven by strong demand for the Enclave platform, while vCISO services revenue fell 4.4% after the loss of several large clients.
The company posted a net loss of $892 k, an improvement from the $904 k loss in FY 2024. The narrower loss reflects better cost control and the higher‑margin software revenue, but it also signals that the company remains in a loss‑making phase.
Gross profit rose to $3.53 million, giving a gross margin of 47.7%, unchanged from FY 2024. The margin stability indicates effective pricing power and efficient cost management, even as operating expenses increased to $4.4 million, a 1.1% decrease from $4.44 million in FY 2024.
Operating expenses fell 1.1% to $4.4 million, largely due to disciplined spending on sales and marketing while continuing to invest in the Enclave platform to accelerate adoption. The company’s focus on cost discipline is evident in the modest expense reduction.
Management highlighted progress on Enclave, noting “encouraging progress toward achieving multiple quarters of Enclave revenue growth” and emphasized disciplined execution across both services and the Enclave business, signaling confidence in scaling the platform while managing costs.
The company’s cash position remains modest at $1.2 million, underscoring the need for continued focus on profitability and cash flow generation as it navigates a challenging revenue retention environment.
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