Cycurion’s subsidiary, SLG Innovation, secured a $1.1 million contract to modernize the legacy data systems of one of the United States’ largest county‑level public guardian offices. The four‑month project will migrate data from AS400 and Microsoft Access platforms to a unified Microsoft SQL Server environment, improving data integrity and real‑time accessibility for the agency’s mission‑critical operations.
The win adds to Cycurion’s $73.6 million backlog and is part of a broader pattern of growth: the company has already closed 30 major contracts in 2025 and maintains a 98% client‑retention rate. The contract underscores the firm’s strategy of expanding its managed‑security and SaaS offerings through subsidiaries, positioning it to capture additional large‑scale modernization projects in the public‑sector market.
Despite the positive contract news, Cycurion’s Q2 2025 results revealed a decline in net revenue and a widening net loss, reflecting headwinds from budget reductions and postponed government contracts. The company’s weak financial health score of 1.31 and a Nasdaq delisting determination letter highlight cash‑burn concerns, prompting a reverse stock split to preserve its listing. These factors temper the enthusiasm generated by the new contract and illustrate the broader financial challenges the company faces.
CEO L. Kevin Kelly emphasized the contract’s role in reinforcing Cycurion’s resilience: “This award is more than a contract—it’s a mandate for resilience,” he said. President Ed Burns added that the project “demonstrates that when public agencies need precision, speed, and unbreakable reliability, they turn to Cycurion.” The comments signal confidence in the company’s ability to deliver high‑value modernization services even amid fiscal uncertainty.
Cycurion’s strategic momentum extends beyond this contract. The firm recently secured a Florida state term contract for IT staff augmentation, completed a 51% acquisition of SLG Innovation for $13.5 million, and is advancing AI‑driven solutions such as the ARx platform and Cyber Shield. These initiatives, coupled with the new data‑modernization win, reinforce Cycurion’s focus on government IT modernization and its pursuit of high‑margin, recurring revenue streams.
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