CISO earnings analysis
What we found in CISO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
CISO Global produced approximately $6 million of revenue, flat sequentially but down 14.3% year over year, while diluted EPS improved to -$0.04 from -$0.19 in the prior quarter. The filing highlights severe liquidity pressure, including $721,771 of cash, an $8,518,124 working capital deficit, and $1,866,900 of required Series B-related payments. Management expects to need additional capital, and no quantitative revenue or EPS guidance was provided.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Stable Sequentially
- Revenue was approximately $6 million, unchanged from Q1 2026 but down 14.3% year over year, indicating stable sequential performance but continued annual contraction.
- EPS Loss Improved
- Diluted EPS was -$0.04, improving from -$0.19 in the prior quarter, although the company remained loss-making.
- Disclosure Controls Effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Severe Liquidity and Going Concern Risk
- As of June 30, 2026, cash and cash equivalents were only $721,771 and the working capital deficit was $8,518,124. The company also incurred net losses and negative operating cash flows, conditions that raise substantial doubt about its ability to continue as a going concern.
- Mandatory Cash Payment Burden
- Following the April 1, 2026 conversion of all outstanding Series B Preferred Stock, the company must make monthly cash payments of approximately $155,575 through May 2027, representing an aggregate obligation of $1,866,900. Management expects to require additional capital and warns that failure to raise it could force operating reductions or restructuring.
- Potential Goodwill Impairment
- The filing adds goodwill and intangible-asset impairment as a material risk. Goodwill is tested at least annually, and an impairment charge could materially reduce earnings and financial condition if operating results or expected cash flows deteriorate.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.04
What they said about what is next.
No quantitative revenue or EPS guidance was provided in the filing. Management states that additional capital will be required to fund operations and meet obligations, but does not quantify an operating outlook.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 14, 2026
- CISO Global reported a decrease in revenue from $7.16 million in Q1 2025 to $6.22 million in Q1 2026, reflecting a decline in security managed and professional services. However, gross profit increased to $1.82 million,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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