Exclusive Interview with Cycurion (Nasdaq: CYCU) CEO L. Kevin Kelly Discussing the Company's Largest Contract Award and Expansion of Its Diversified Cybersecurity Growth Strategy

L. Kevin Kelly, CEO of Cycurion, Inc.

“This is the largest award in Cycurion’s history, and we’re proud of it. It’s a 10-year, $54.6 million contract, through a global consulting firm, to modernize and securely operate a major state Health and Human Services system. Work starts in November. We’re going to staff it the right way, hiring selectively and bringing on the right people to deliver. Revenue begins in the fourth quarter and will ramp gradually, building through 2027 toward more than $5 million in annual recurring revenue.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“It’s a great fit. Digital Ally’s Video Solutions business gives us an established public safety technology portfolio with approximately $5.5 million in annual revenue, more than $1.2 million in EBITDA, and more than 800 law enforcement agencies already using the products. We also picked up a strong portfolio of intellectual property. With the deal closed, our pro-form annual revenue run rate is approximately $30 million.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Absolutely. This deal brings recurring revenue, attractive margins, real technology, and a big cross-selling opportunity. Think abneedt: more than 800 agencies already trust these products, and every one of them needs cybersecurity. Law enforcement, emergency services, transportation, critical infrastructure. The need has never been greater, and we’re right in the middle of it.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Yes, and that’s exactly the plan. Public safety is a strategic foundation for us. It gives us long-term relationships, recurring revenue, and a platform for more of our cybersecurity and technology solutions. From there, we’re going after larger federal opportunities and building new commercial offerings that accelerate growth and improve margins. We are not standing still.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“This is the part of our strategy I’m most excited about. Several of our technology and product leaders were at Black Hat in Las Vegas this summer, and they came back with one clear message: we’re on the right track. The market is moving to the offensive side, and that’s exactly where we’ve been building. We call it digital intelligence: finding vulnerabilities and threats before the attackers do, instead of cleaning up after a breach. I believe this is going to be a game changer for Cycurion and for the market. You’ll be hearing more from us about our products and go-to-market in the coming months. Stay tuned.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Chicago is a great example of how our public safety business works. The 2026 forecast includes approximately $763,256 for Chicago go-live support, $22,645 for Chicago fire training, and $57,127 for a CAD administration position. If that CAD administration position continues at the current monthly rate for ten years, the projected aggregate value would be approximately $3.43 million. And Chicago is a showcase. Our capabilities span project management, cybersecurity infrastructure, video systems, and in-car and body-worn camera technology, and we can bring all of it to every city we serve.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Yes, and this is a market we’re very excited about. We’ve secured several engagements totaling approximately $800,000 in annual contract spends, including a pharmaceutical-industry engagement supporting an AI Center of Excellence, a new award with the National Association of County and City Health Officials, and additional commercial and public health work. Healthcare and life sciences is a primary growth market for us, right alongside our government and public safety franchise. The work spans business continuity and disaster recovery, technology and cybersecurity assessments, program management, organizational change management, and AI operating capability. These clients need what we do, and we’re just getting started.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“It’s a big milestone, and our team worked hard for it. On September 9, 2026, the Nasdaq Hearings Panel issued a decision setting a bid price condition, and we met it. On October 1, 2026, the Nasdaq Hearings Office confirmed by letter that Cycurion has regained compliance with the $1.00 minimum bid price requirement. Our stock continues to trade on the Nasdaq Capital Market, and that’s where it belongs.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“We have approximately 3.2 million common shares outstanding, and every warrant and convertible security we have is detailed in our 10-Q for anyone who wants to check.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“I’ll be straight with you. We need capital to fund our growth, so some dilution in the near term is likely. Zero dilution isn’t realistic for a company at our stage, and I’m not going to pretend otherwise. We’re doing everything we can to keep it to a minimum and have turned down most offers because the terms weren’t right for shareholders. Our August warrant deal brought in about $4.5 million and helped us close the Digital Ally acquisition, which adds approximately $5.5 million in annual revenue and more than $1.2 million in EBITDA. That’s how we think about dilution: it has to build the business. Looking ahead, we’ve had positive conversations with banks about conventional bank financing, which we expect to pursue in the new year. Whatever we do, we’ll announce it promptly, including its effect on the share count.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“I get it. Nobody wants another one, including me. We regained compliance on October 1, and we’re under a Panel Monitor through October 1, 2027. Our plan is to stay compliant the right way, by growing the business. Based on our current plans, we do not anticipate needing another reverse split.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Let me be clear: we said we would be at break-even and have positive operating cash flow by the second quarter of 2027, and that is still our target. We’re already moving in the right direction. Our second-quarter gross margin rose to 29.1% from 6.1% a year earlier, our adjusted EBITDA loss narrowed to $1.4 million from $2.1 million, and we’ve put more than $2.2 million in annualized cost savings in place. There’s only one way to get the rest of the way, and that’s by winning work, executing, and growing, both organically and through acquisitions. With the acquisitions we’ve made, the contracts we’ve won, the momentum we’re seeing, and the talented people we’ve added, we expect to keep growing, and we’re excited to keep doing it. We’ll report our progress every quarter, so you can hold us to it.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“I share that frustration. But let’s be realistic: no company, not Cycurion and not IBM, can distribute a press release every day. We release news when we have news, and we file an 8-K whenever one is required. We can’t control day-to-day trading, but we can control how we communicate. When we announce a contract, we’ll say where we’re permitted to, when revenue is expected to start and whether it’s already in our backlog, so you can match our announcements to our results.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Let’s talk about whether the revenue is real, because it is. You’ll see these contracts show up in our reported results, which are subject to federal securities laws and reviewed by an independent accounting firm. Digital Ally Video Solutions adds more than $5 million in annual revenue and more than $1.2 million in EBITDA. Secuvant is expected to add approximately $3 million in annualized revenue and $1.5 million in EBITDA this year. We’ve closed 41 new awards so far this year, and HHS revenue begins in the fourth quarter.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“Honestly, I don’t think people realize how much we’ve already done. When we went public, we inherited a lot: legacy debt, expensive financing arrangements, and the interest that came with them. In 2025 alone, we cut net debt by more than 70%, from $10.5 million to just under $3 million. People forget that, and it’s critical for this company’s future. If anyone doubts what we’ve accomplished, go back and read our filings, especially the proxy statement from before we went public, and look at the debt we inherited. Now you’re seeing the results of our cost-cutting and liability management, and we’re going to keep at it. When we presented it to the Nasdaq Hearings Panel, this cleanup was central to our case: we were fixing the balance sheet and growing the business at the same time. Cycurion is a very different company than it was five months ago, and I believe our best chapter is still ahead of us.”

L. Kevin Kelly, CEO of Cycurion, Inc.

“First, thank you. To everyone who has stuck with us: I know it hasn’t been easy. It’s been choppy, and it will probably stay choppy in the near term. But I’m confident in the company we’re building, and I believe our long-term shareholders will be glad they invested in Cycurion and stayed with us. Many of you reach out to share your thoughts and what you’re hearing, and that matters to me. As I said on a podcast a couple of weeks ago: do your own work. Read our filings, not the message boards. And if you’re looking for a miracle stock that goes up 1,000%, you’re in the wrong company. We’ve laid out a plan, we’re executing it, and you’ll hear much more soon about the products and services we’re about to launch and how we see 2027.”