Cybeats Technologies Corp. (CYBT) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 83.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: 130.24%
• EPS Growth: 8.72%
• Country: CA
• Employees: 48
• Sector: Technology
• Sector Strength: 39
• Industry: Software - Infrastructure
• EPS (TTM): -0.09
• Shares Outstanding: 128,235,150
• 10 Day Avg. Volume: 37,387
• 30 Day Avg. Volume: 83,400
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 9.48
• Price to Cash Flow (P/CF): -6.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Cybeats Technologies Corp. faces significant financial challenges with persistent losses and a weak balance sheet, reflected in the low financial performance score. However, recent strategic contracts in healthcare and industrial control systems sectors provide positive market expansion signals, slightly improving the overall outlook. Technical indicators show bearish trends, and valuation metrics remain unfavorable due to continued losses.

Cybeats Technologies Corp. Business Overview & Revenue Model

Company Description

Cybeats Technologies Corp. (CYBT) is a cybersecurity company specializing in the development of software solutions to enhance the security of Internet of Things (IoT) devices and infrastructure. The company provides tools that help manufacturers and enterprises manage and mitigate cybersecurity risks throughout the lifecycle of their IoT products. Cybeats' core products focus on Supply Chain Risk Management, including Software Bill of Materials (SBOM) management and continuous monitoring of device security.

How the Company Makes Money

Cybeats Technologies Corp. generates revenue primarily through the sale of its cybersecurity software solutions. The company's revenue model includes licensing fees for its software products and subscription-based services for continuous security monitoring and management. Key revenue streams include direct sales to IoT manufacturers, enterprises, and other organizations seeking to secure their IoT infrastructure. Additionally, Cybeats may engage in strategic partnerships with technology firms to expand its market reach and integrate its solutions into broader cybersecurity offerings, further contributing to its earnings.

Cybeats Technologies Corp. Financial Statement Overview

Summary

Cybeats Technologies Corp. shows strong revenue growth with a 61.5% increase, but consistently reports negative net income and EBIT, indicating persistent operational challenges. The balance sheet is weak with negative stockholders' equity, high leverage, and liabilities exceeding assets. Although there's an improvement in free cash flow, the company remains reliant on financing for operations.

Income Statement

The company's TTM revenue increased by 61.5% compared to the previous year, indicating strong growth. However, it has consistently reported negative net income and EBIT, resulting in negative profit margins. The gross profit margin stands at a healthy 96.1%, but negative EBIT and EBITDA margins highlight ongoing operational challenges.

Balance Sheet

The company has a negative stockholders' equity, suggesting high leverage and potential financial instability. The debt-to-equity ratio cannot be calculated due to negative equity. Total liabilities significantly exceed total assets, indicating a precarious financial position.

Cash Flow

The operating cash flow is negative, but there is a notable improvement in free cash flow from the previous year. The free cash flow to net income ratio indicates better cash generation relative to losses. However, the company is still heavily reliant on financing activities to sustain operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.89M	1.17M	114.52K	0.00	371.08K	0.00
	Gross Profit
1.82M	1.12M	-107.70K	0.00	86.76K	0.00
	EBIT
-7.80M	-10.17M	-7.53M	-146.31K	―	―
	EBITDA
-9.16M	-10.09M	-19.97M	-146.31K	―	―
	Net Income Common Stockholders
-9.94M	-10.34M	-6.77M	-146.31K	―	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.05K	35.70K	379.35K	13.44K	14.26K	35.09K
	Total Assets
14.05K	1.86M	1.38M	13.44K	14.26K	35.09K
	Total Debt
0.00	1.46M	750.63K	0.00	40.00K	―
	Net Debt
-14.05K	1.42M	371.28K	-13.44K	25.74K	―
	Total Liabilities
276.58K	4.77M	2.55M	403.46K	252.24K	191.12K
	Stockholders Equity
―	-2.90M	-1.17M	-390.03K	―	―
Cash Flow		Free Cash Flow
-4.44M	-9.24M	-15.65M	5.31K	―	―
	Operating Cash Flow
-4.44M	-9.24M	-15.43M	5.31K	―	―
	Investing Cash Flow
-499.28K	-145.29K	-229.52K	0.00	-15.65K	0.00
	Financing Cash Flow
5.04M	9.23M	16.02M	-6.11K	699.36K	0.00

Cybeats Technologies Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.13
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CYBT, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.12, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.11 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CYBT.

Cybeats Technologies Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENGH	76 Outperform	$1.42B	16.74	14.76%	4.34%	8.11%	15.83%
OTEX	69 Neutral	$9.58B	10.75	16.00%	4.16%	-3.59%	432.46%
CLS	68 Neutral	C$11.28B	19.49	23.36%	―	23.03%	81.01%
KXS	68 Neutral	C$4.59B	157.81	-0.10%	―	14.85%	-105.25%
Sector *	57 Neutral	$20.94B	10.43	-13.41%	2.52%	4.53%	-23.34%
BB	50 Neutral	$2.64B	―	-7.59%	―	-26.72%	77.64%
CYBT	42 Neutral		―	162.73%	―	130.24%	8.72%

Cybeats Technologies Corp. Corporate Events

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

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.

Cybeats Secures Major Contract with Rockwell Automation for Software Supply Chain Security

Cybeats Technologies Corp. has signed a significant three-year contract with Rockwell Automation to provide their SBOM Studio for software supply chain management. This agreement highlights Cybeats’ expanding influence in the industrial control systems sector, emphasizing the growing demand for robust software supply chain solutions across critical industries. The contract with Rockwell Automation reinforces Cybeats’ position as a trusted provider of complex product security solutions and supports organizations in streamlining software vulnerability management and regulatory compliance.

Cybeats Technologies Grows Amid Rising SBOM Demand

Cybeats Technologies Corp. is experiencing strong commercial growth with over $7 million in contract commitments and a 72% increase in customer spending in 2024, highlighting its leadership in the SBOM management market. The company raised $1.65 million to enhance its sales and marketing infrastructure, positioning it well to capitalize on the increasing demand for SBOM solutions as organizations prioritize software supply chain security. With a focus on healthcare and manufacturing sectors, Cybeats aims to deliver long-term value to its clients and investors.

Cybeats Technologies Secures Major Medical Tech Contract

Cybeats Technologies Corp. has secured a significant contract with a top global medical device manufacturer, marking its fourth such client in the sector. This partnership highlights the growing demand for Cybeats’ SBOM Studio, driven by regulatory pressures and the need for enhanced cybersecurity in the medical field.

Cybeats Strengthens Advisory Board with Key Appointments

Cybeats Technologies Corp. has bolstered its advisory board with the addition of cybersecurity experts Kurt Callewaert and Bob Haack. Their extensive experience will help Cybeats enhance its software supply chain security and navigate complex regulatory landscapes. These appointments underscore Cybeats’ commitment to innovation and leadership in the cybersecurity sector.

Cybeats Teams Up with Sophic Capital for Growth

Cybeats Technologies Corp. has appointed Sophic Capital as its investor relations partner to enhance investor awareness and communicate its growth strategy effectively. This collaboration aims to leverage Sophic’s capital markets expertise to introduce Cybeats to a broader investment community as the company addresses global cybersecurity challenges. The partnership includes a financial agreement involving a monthly fee and stock options.

Cybeats Unveils $5M Private Placement Offering

Cybeats Technologies Corp. has announced a non-brokered private placement offering to raise up to $5 million by selling 31.25 million units of the company. Each unit includes a common share and a warrant, with the funds aimed at bolstering sales, marketing, and working capital. This move replaces a previous financing plan to enhance flexibility and align with long-term goals.

Cybeats Leverages U.S. Army’s SBOM Mandate

Cybeats Technologies Corp. is poised to capitalize on the U.S. Army’s new mandate for Software Bills of Materials (SBOMs), enhancing software security and transparency. Their SBOM Consumer product is designed to help organizations like the Army manage and validate SBOMs, ensuring compliance and improving security measures. With this development, Cybeats positions itself as a strategic partner in strengthening the U.S. military’s software supply chain security.