Scottsdale, AZ, June 03, 2025 (GLOBE NEWSWIRE) -- CISO Global Inc. (NASDAQ: CISO), an industry leader in AI-powered security software, managed cybersecurity, and compliance, is pleased to announce it has received formal notifications from NASDAQ confirming that the company is in full compliance with all NASDAQ listing standards. The NASDAQ notifications verified that CISO Global has satisfied all previously outstanding listing requirements, underscoring the company's strong commitment to corporate governanc ...

Scottsdale, AZ, May 29, 2025 (GLOBE NEWSWIRE) -- CISO Global Inc. (NASDAQ: CISO), an industry leader in AI-powered security software, managed cybersecurity, and compliance, is excited to announce it has expanded the financial assurance component of CHECKLIGHT® to cover up to $1 million per incident, with an annual cap of $1.5 million per customer contract. This 4x increase from the original $250,000 warranty per incident is being provided at no additional cost to customers. The expanded warranty significant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _________ to _________ Commission file number: 001-41227 CISO GLOBAL, INC. (Exact name of registrant as specified in its charter) (State or other Jurisdiction of Incorpo ...

Scottsdale, AZ, April 17, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ:CISO), a leader in AI-powered cybersecurity software and compliance services, today announced a strategic partnership with Cyber Assurance Group Inc., a forward-thinking cyber insurance specialist, to launch CyberSimple, which provides cyber resilience, financial protection, and peace of mind to business owners. This first-of-its-kind offering brings together cutting-edge cybersecurity protection and meaningful financial coverage designe ...

Scottsdale, Ariz., April 04, 2025 (GLOBE NEWSWIRE) -- CISO Global, Inc. (NASDAQ: CISO), a leader in AI-powered cybersecurity software and managed security services, today announced that Target Capital 14, LLC and Secure Net Capital, LLC have had their convertible notes fully satisfied, marking another major financial milestone as the Company strengthens its balance sheet. This follows a series of positive corporate developments, including the announcement of unaudited Adjusted EBITDA profitability, reinforc ...

Financial Performance and Challenges - The company incurred significant operating losses during the years ended December 31, 2024, and December 31, 2023, with limited cash flow, necessitating increased revenue or additional capital to pursue growth opportunities [94]. - As of March 24, 2025, the company maintained cash resources of approximately $250,000, highlighting the need for adequate funding to achieve profitability and sustain long-term growth [95]. - The company faces challenges in maintaining profitability if revenue trends do not align with cost structure adjustments, potentially leading to variability in financial results [117]. - The auditor's opinion raised substantial doubt about the company's ability to continue as a going concern due to losses and negative cash flows from operations [154]. Growth Strategy and Market Position - The growth strategy focuses on expanding the client base and increasing consolidated revenue through strategic acquisitions and seamless integration of complementary cybersecurity services [95]. - The company has recently acquired multiple businesses, with a strategy driven by successful acquisitions and integration of additional businesses [109]. - The company plans to fund operations through a combination of available net operating cash flows and future capital raises, which may result in dilution for existing stockholders [96]. - The company recognizes the critical importance of attracting and retaining skilled personnel, particularly in the cybersecurity sector, to execute its growth strategy [105]. Competition and Market Risks - The company faces intense competition for qualified management and personnel, which may impact its ability to maintain and grow client relationships [106]. - The competitive landscape includes significant challenges, with competitors having greater financial and operational resources, which could lead to loss of customers and reduced revenue [144]. - The business strategy may impose limitations on accurately forecasting future revenue and operating results due to various factors, including client demand and economic conditions [112]. Sales and Revenue Recognition - The company’s sales cycles can be long and unpredictable, requiring considerable time and expense for sales efforts [94]. - Revenue from customer subscriptions is recognized ratably over the term of agreements, typically spanning one to three years, which means fluctuations in new sales or renewals will not be immediately reflected in current revenue [116]. - The sales cycles for the company's solutions are long and unpredictable, particularly with large enterprises and government entities, leading to challenges in forecasting revenue and financial results [119]. Legal and Regulatory Risks - The company’s future results may be affected by various legal and regulatory proceedings, including compliance risks and cybersecurity regulations [94]. - The company may face increased legal and regulatory risks as it expands operations in emerging markets, including compliance with anti-corruption laws [132]. - Increasingly complex cybersecurity regulations may require substantial investments to meet compliance, potentially delaying service launches and impacting profitability [148]. Economic and Geopolitical Factors - Adverse economic conditions, such as inflation or recessions, may negatively affect customer demand and overall business performance [130]. - The unpredictability of macroeconomic conditions complicates accurate forecasting and planning for future business activities [131]. - Geopolitical tensions, including conflicts in Russia and Ukraine, have created instability in global markets, which may disrupt supply chains and reduce demand for products and services [133]. Stock and Market Performance - The company received a notification from Nasdaq on March 29, 2023, indicating that its common stock had closed below $1.00 per share for 30 consecutive business days, failing to meet the minimum bid price requirement [169]. - Following a reverse stock split on March 8, 2024, the bid price for the common stock increased above $1.00, allowing the company to regain compliance with Nasdaq's bid price requirements [169]. - The market price of the company's common stock is volatile and may fluctuate disproportionately to its operating performance [155]. - The trading price of the common stock is likely to be highly volatile, which could result in significant fluctuations based on market perceptions unrelated to the company's fundamentals [180]. Shareholder and Corporate Governance - The company has never paid cash dividends and does not intend to do so in the foreseeable future, focusing instead on retaining earnings for business development [177]. - The existence of anti-takeover provisions may limit the price investors are willing to pay for shares and deter potential acquirers [158]. - Stockholder activism may disrupt business operations and divert management's attention, potentially leading to lost business opportunities and increased costs [178].

expects at least $34 million in adjusted EBITDA profitable revenue in 2025 Scottsdale, Ariz., March 27, 2025 (GLOBE NEWSWIRE) -- CISO Global, Inc. (NASDAQ: CISO), an industry leader in AI powered security software, managed cybersecurity, and compliance announced today that the company has achieved a significant profitability milestone in its transformation from a pure cyber services business to a software-led, services-backed enterprise. The company reached unaudited Adjusted EBITDA positivity in the last q ...

Core Insights - CISO Global, Inc. has successfully paid off its highest-interest loans to strengthen its balance sheet and improve operational efficiency [1][3] - The company secured extensions on convertible notes totaling $7 million, indicating confidence from long-standing partners [2][3] - The CFO stated that clearing high-interest debt enhances cash flow and allows for a transition to a more profitable, software-first business model [3] Financial Moves - The repayment of high-interest loans removes a significant obstacle to growth, improving cash flow and operational flexibility [3] - The extensions on convertible notes reflect continued confidence in the company's long-term vision and stability [2][3] Strategic Focus - CISO Global is transitioning into a high-margin, software-led and services-supported model, aiming for sustained revenue growth [3] - The company is committed to redefining the cybersecurity landscape with a revitalized balance sheet and sharpened strategic focus [3][4]

Core Viewpoint - CISO Global, Inc. is experiencing stock volatility not attributed to insider selling, with no executives or board members selling shares during this period [1][3] Group 1: Company Performance and Market Activity - Despite positive developments such as partnerships with Microsoft and AWS, the launch of the EDGE security platform, and the deployment of the Skanda analysis tool, the company's shares faced significant selling pressure [2] - The decline in share price is believed to be influenced by market makers engaging in manipulative trading practices, including naked short selling, which distorts market pricing [2] - The company has communicated with state and federal regulators regarding observed trading anomalies [3] Group 2: Company Overview - CISO Global, Inc. is a provider of managed cybersecurity and compliance solutions, focusing on protecting organizations from cyber threats through advanced technology and industry expertise [4] - The company offers tailored services to ensure the security and compliance of clients' digital assets [4][5]

Core Insights - CISO Global, Inc. has successfully deployed Skanda, a next-generation penetration testing and security analysis tool that utilizes AI and machine learning to enhance cyber resilience for organizations globally [1][3] - Skanda is valued at $50 million and is integral to CISO Global's cybersecurity offerings, reinforcing the company's commitment to proactive cybersecurity solutions [2] Group 1: Product Features and Benefits - Skanda provides continuous, on-demand security assessments, allowing organizations to rapidly identify vulnerabilities and respond to threats with unprecedented speed [3] - The tool is designed to evolve into a real-time penetration testing solution, enabling continuous security assessments and immediate remediation of vulnerabilities as they emerge [3] - By integrating Skanda into routine operations, organizations can strengthen compliance with frameworks like the Cybersecurity Maturity Model Certification (CMMC) and enhance overall security resilience [4] Group 2: Company Vision and Strategy - CISO Global emphasizes the importance of automation in enhancing efficiency, improving profit margins, and strengthening network security [3] - The company is dedicated to providing adaptive, automated security solutions that evolve with emerging threats, helping clients meet stringent compliance requirements [5] - CISO Global positions itself as an industry leader in AI-powered cybersecurity software and managed cybersecurity services [7]