CynergisTek (CTEK) Misses Q4 EPS by $1.04, Revenues Beat

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Go back to CynergisTek (CTEK) Misses Q4 EPS by $1.04, Revenues Beat

CynergisTek Reports Fourth Quarter and Full-Year 2020 Financial Results

March 25, 2021 4:01 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three and twelve months ended December 31, 2020.

Recent Operational Highlights

Increased year-end presold revenue by 10% to $17.2 million when compared to Q3 2020. Q4 gross margins improved to 37%, a 200 bps improvement over Q3 2020. Diversification efforts started to show momentum Added a new University customer in Ball State and expanded services within an existing large University System Announced expansion of our... More