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Cybeats Expands in Healthcare Sector with Strategic Contracts and Strong Revenue Growth
Company Announcements

Cybeats Expands in Healthcare Sector with Strategic Contracts and Strong Revenue Growth

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The latest announcement is out from Cybeats Technologies Corp. ( (TSE:CYBT) ).

Cybeats Technologies Corp. has announced two new strategic contracts with healthcare organizations, strengthening its position in the SBOM management market, particularly in the medical device manufacturing sector. The company reported a 148% net revenue retention rate for 2024 and over $7 million in total contract commitments, showcasing strong financial performance and market growth. Cybeats is also enhancing its product offerings and brand presence, and will participate in the S4x25 cybersecurity conference to further expand its pipeline and industry influence.

More about Cybeats Technologies Corp.

Cybeats Technologies Corp. is a leading provider in the software supply chain security industry, specializing in Software Bill of Material (SBOM) management solutions. The company focuses on addressing the needs of medical device manufacturers and other sectors by offering scalable, regulatory-compliant, and innovative security solutions.

YTD Price Performance: -19.23%

Average Trading Volume: 81,055

Technical Sentiment Consensus Rating: Buy

For an in-depth examination of CYBT stock, go to TipRanks’ Stock Analysis page.

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