CynergisTek Reports Improved First Quarter 2021 Financial Results
CynergisTek, Inc. (NYSE:CTEK), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three months ended March 31, 2021.
Recent Operational Highlights
Recently announced a $1.4 million renewal and expansion of services at a large regional hospital system.
Recently announced the first CMMC project with Pacific Medical Centers.
Gross margin improved to 39% from cost reduction initiatives, excluding the benefit of the Employee Retention Credit.
Net loss improved year over year to $0.9 million ($0.08 per share) from $1.9 million ($0.18 per share).
Adjusted EBITDA improved to a loss of $0.6 million from $1.4 million.
"Budgets are returning, pri
