Cybeats Technologies Provides Update [Yahoo! Finance]
BlackBerry Limited (BB)
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Source: Yahoo! Finance
Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats" or the "Company") , a leading provider of software supply chain security solutions, today announced significant advancements in commercial growth and corporate initiatives, solidifying its leadership role in the growing SBOM ("Software Bill of Materials") Management market. Commercial Highlights: Over $7 million in total contract commitments since commercialization (May 2022), 80%+ gross margin, amidst increasing SBOM regulation across industry of existing Cybeats customers increased their contract spend with the Company in 2024, demonstrating strong value to existing clients, and further validating the business model of Cybeats Attractive client metrics with 90% conversion from Proof of Value, or a pre-commercial pilot period, to long term customer relationships. The Company continues to drive growth and add client logos from its core target markets of healthcare and manufacturing companies from the Fortune 500 $1.65 million rai
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