Cytta Corp. (CYCA)
Cytta Corp., founded in Las Vegas, Nevada, in 2006, specializes in creating, marketing, and distributing a diverse array of video streaming solutions and associated services. The company's product lineup includes "Superior Utilization of Processing Resources" (SUPR), a proprietary secure video compression system crafted for streaming video in airborne intelligence, surveillance, and reconnaissance applications. Another key offering is the "Incident Global Area Network" (IGAN), an IP-software based platform for multi-channel, multi-access communications and tactical conferencing. Designed for professional and mission-critical use, IGAN provides low-latency, two-way communication, integrating a variety of video and voice devices such as cameras, smartphones, tablets, computers, bodycams, and two-way radios. This solution is crucial for a broad spectrum of users, including law enforcement, firefighters, first responders, emergency medical personnel, industrial sectors, environmental emergency teams, security services, military forces, and their command centers. Additionally, Cytta Corp. develops other software and hardware products centered around video compression technology. To support its offerings, the company provides extensive software maintenance packages, which include on-site troubleshooting, regular software releases and upgrades, as well as dedicated technical assistance available via phone, email, and back-office support.
Sector: Software - Application
Industry: Software - Application
Cytta Corp.
OTC:CYCATechnology · Software - Application
+15.00%$0.0230
Mkt Cap$11.05M
Float349.03M
O/S480.24M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4K
Net Income-$4.26M
Total Assets$2.18M
Free Cash Flow-$1.83M
Debt & Equity
Debt 120%
Preferred 0%
Total Debt$1.44M
Total Equity-$237K
Preferred Stock$650
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:300Reverse splitApr 29, 2013300 shares → 1
Balance Sheet Details
Assets$2.18M
Liabilities$2.41M
Accounts Receivable$0
Accounts Payable$494K
Inventory$0
PP&E (Net)$51K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Revenue | $4K | $30K | $6K | $95K | $49K | $28K | $0 | $0 | $0 | $4K | $3K | $44K | $2K | $0 | $0 | $0 | $0 |
| YoY Growth | -85.1% | 393.7% | -93.6% | 95.1% | 76.0% | - | - | - | - | 25.0% | -93.6% | 1853.0% | - | - | - | - | - |
| Cost of Revenue | $41K | $45K | $0 | $42K | $24K | $9K | $0 | $0 | $4K | $5K | $4K | $18K | $3K | $0 | $0 | $0 | $0 |
| Gross Profit | -$37K | -$15K | $6K | $53K | $24K | $18K | $0 | $0 | -$4K | -$2K | $3K | $26K | -$350 | $0 | $0 | $0 | $0 |
| Gross Margin | -821.6% | -51.1% | 100.0% | 55.8% | 50.5% | 66.9% | - | - | - | -55.3% | 100.0% | 59.7% | -15.6% | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $153K | $0 | $0 | $2K | $716K | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $3.74M | $4.52M | $4.89M | $1.98M | $418K | $665K | $486K | $357K | $820K | $1.51M | $2.27M | $1.02M | $305K | $62K | $56K | $34K | $23K |
| Other | $151K | $129K | $166K | $649K | $872K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $312K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $3.89M | $4.65M | $5.06M | $2.63M | $1.29M | $665K | $486K | $509K | $820K | $1.51M | $2.27M | $1.74M | $1.1M | $258K | $53K | $34K | $23K |
| Operating Income (EBIT) | -$3.89M | -$4.62M | -$5.05M | -$2.57M | -$1.27M | -$646K | -$486K | -$509K | -$825K | -$1.51M | -$2.26M | -$1.71M | -$1.1M | -$258K | -$173K | -$34K | -$23K |
| Operating Margin | -86553.9% | -15373.1% | -82972.0% | -2718.6% | -2608.3% | -2344.8% | - | - | - | -43142.9% | -80887.6% | -3890.2% | -49095.4% | - | - | - | - |
| Interest Expense | $377K | $107K | $49K | $22K | $1K | $2K | $0 | $0 | $0 | $0 | $0 | $1K | $1K | $0 | $0 | $0 | $0 |
| Interest Income | $522 | $150 | $895 | $795 | $0 | $2K | $0 | $0 | $0 | $0 | $6K | $280 | $307 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$376K | -$107K | -$48K | -$21K | -$1K | -$2K | $389K | $0 | $349K | $759K | $6K | -$964 | -$1K | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$4.26M | -$4.73M | -$5.1M | -$2.59M | -$1.27M | -$648K | -$97K | -$509K | -$475K | -$751K | -$2.26M | -$1.71M | -$1.11M | -$258K | -$173K | $0 | -$23K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $3 | $0 | $0 | -$3 | $0 | $6K | $280 | $1K | $0 | $0 | $34K | $0 |
| Net Income | -$4.26M | -$4.73M | -$5.1M | -$2.59M | -$1.27M | -$648K | -$97K | -$509K | -$475K | -$751K | -$2.26M | -$1.71M | -$1.11M | -$258K | -$173K | -$34K | -$23K |
| Net Income Margin | -94924.3% | -15729.1% | -83759.3% | -2740.8% | -2611.3% | -2351.4% | - | - | - | -21457.1% | -80657.9% | -3892.4% | -49143.0% | - | - | - | - |
| Supplementary Data | |||||||||||||||||
| EPS | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.10 | -0.31 | -0.25 | -0.09 | -0.10 | -0.02 | -0.02 |
| Diluted EPS | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.10 | -0.31 | -0.25 | -0.09 | -0.10 | -0.02 | -0.02 |
| Weighted Average OS | 449.01M | 396.24M | 358.36M | 294.49M | 206.98M | 178.41M | 157.55M | 99.31M | 94.70M | 66.41M | 22.70M | 5.53M | 4.38M | 2.90M | 1.73M | 1.61M | 1.05M |
| EBITDA | -$3.85M | -$4.58M | -$5M | -$2.53M | -$1.26M | -$640K | -$97K | -$509K | -$476K | -$751K | -$2.25M | -$1.71M | -$1.1M | -$258K | -$169K | -$34K | -$23K |
| EBITDA Margin | -85618.9% | -15223.4% | -82190.0% | -2675.5% | -2594.9% | -2321.4% | - | - | - | -21457.1% | -80521.9% | -3882.4% | -48974.7% | - | - | - | - |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Assets | ||||||||||||||||
| Current Assets | ||||||||||||||||
| Cash and Cash Equivalents | $1.44M | $675K | $755K | $173K | $848K | $17K | $10K | $12K | $12K | $188K | $36K | $98K | $20K | $136 | $35K | $63K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.44M | $675K | $755K | $173K | $848K | $17K | $10K | $12K | $12K | $188K | $36K | $98K | $20K | $136 | $35K | $63K |
| Accounts Receivable | $0 | $0 | $0 | $28K | $0 | $8K | $6K | $6K | $6K | $200 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $79K | $34K | $617 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $1.98M | $1.66M | $788K | $1.1M | $1.44M | $26K | $16K | $18K | $18K | $188K | $36K | $101K | $20K | $136 | $35K | $64K |
| Long-Term Assets | ||||||||||||||||
| Property, Plant & Equipment Net | $51K | $78K | $123K | $171K | $143K | $16K | $0 | $0 | $0 | $11K | $6K | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $12K | $16K | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $140K | $562K | -$123K | -$171K | $0 | $0 | $10.44M | $8.93M | $8.37M | $37K | $41K | $0 | $52K | $0 | $0 | $0 |
| Total Long-Term Assets | $191K | $639K | $123K | $171K | $143K | $16K | $10.44M | $8.93M | $8.37M | $57K | $60K | $16K | $52K | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.18M | $2.3M | $911K | $1.27M | $1.58M | $42K | $10.45M | $8.95M | $8.39M | $246K | $96K | $117K | $72K | $136 | $35K | $64K |
| Liabilities | ||||||||||||||||
| Current Liabilities | ||||||||||||||||
| Accounts Payable | $494K | $546K | $181K | $46K | $47K | $13K | $0 | $0 | $0 | $7K | $19K | $15K | $9K | $9K | $9K | $0 |
| Short-Term Debt | $1.44M | $1.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $3K | $2K | $0 | $4K | $0 | $0 | $0 | $0 | $0 | -$470K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$417K | $806K | $88K | $345K | $537K | $0 | $51K | $480K | $46K | $470K | $0 | $0 | $53K | $0 | $0 | $4K |
| Total Current Liabilities | $2.41M | $2.56M | $449K | $407K | $584K | $13K | $51K | $480K | $46K | $477K | $684K | $305K | $62K | $27 | $9K | $4K |
| Long-Term Liabilities | ||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $181K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | -$181K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.41M | $2.56M | $449K | $407K | $584K | $13K | $51K | $480K | $46K | $477K | $684K | $305K | $62K | $27K | $9K | $4K |
| Stockholders' Equity | ||||||||||||||||
| Preferred Stock | $650 | $650 | $650 | $14K | $650 | $600 | $600 | $600 | $600 | $68K | $16K | $5K | $0 | $0 | $0 | $6K |
| Common Stock | $470K | $427K | $380K | $296K | $289K | $186K | $158K | $116K | $99K | $23K | $5K | $15K | $10K | $6K | $6K | $0 |
| Retained Earnings | -$36.87M | -$32.6M | -$27.88M | -$22.77M | -$20.18M | -$18.91M | -$8.23M | -$8.13M | -$7.77M | -$5.57M | -$3.31M | -$1.6M | -$491K | -$233K | -$61K | -$26K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $2.37M | $2.51M | $1.49M | $514K | $478K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $36.16M | $31.92M | $27.96M | $23.34M | $20.89M | $18.76M | $18.48M | $16.48M | $16.02M | $5.31M | $2.72M | $1.39M | $490K | $200K | $80K | $86K |
| Total Equity | -$237K | -$260K | $462K | $866K | $1M | $29K | $10.4M | $8.47M | $8.34M | -$231K | -$588K | -$188K | $10K | -$27K | $25K | $60K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.18M | $2.3M | $911K | $1.27M | $1.58M | $42K | $10.45M | $8.95M | $8.39M | $246K | $96K | $117K | $72K | $136 | $35K | $64K |
| Supplementary Data | ||||||||||||||||
| Total Debt | $1.44M | $1.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $470K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$885 | $532K | -$755K | -$173K | -$848K | -$17K | -$10K | -$12K | -$12K | $282K | -$36K | -$98K | -$20K | -$136 | -$35K | -$63K |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 |
| Operating Activities | ||||||||||||||||
| Net Income | -$4.26M | -$4.73M | -$5.1M | -$2.59M | -$1.27M | -$648K | -$97K | -$509K | -$475K | -$2.26M | -$1.71M | -$1.11M | -$258K | -$173K | -$34K | -$23K |
| Depreciation & Amortization | $41K | $45K | $48K | $41K | $6K | $6K | $0 | $0 | $4K | $4K | $3K | $2K | $0 | $3K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | -$1.84M | -$1.49M | $0 | -$55K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.97M | $3.14M | $2.18M | $1.37M | $202K | $45K | $0 | $0 | $0 | $1.39M | $723K | $0 | $188K | $70 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | $0 | $0 | $28K | -$28K | $8K | $0 | $0 | $0 | $0 | -$200 | -$4K | $52K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $79K | -$45K | -$34K | $3K | $617 | $617 | $0 | $0 | $3K | -$3K | $0 | $0 | $0 | $0 |
| Accounts Payable | $317K | $99K | $327K | $31K | $322K | $0 | $0 | $0 | $0 | -$12K | $4K | $6K | $0 | $0 | $5K | $0 |
| Other Working Capital | $81K | -$47K | $58K | -$86K | $28K | $2K | $52K | $496K | $399K | $428K | $375K | $0 | $0 | $0 | -$4K | $0 |
| Total Working Capital Change | $398K | $52K | $492K | -$127K | $325K | $3K | $53K | $497K | $399K | $416K | $378K | $54K | -$54K | $9K | $818 | $7K |
| Other Non-Cash Items | $44K | $59K | $1.84M | $1.49M | $500K | $487K | -$1K | $312K | $317K | $129K | $723K | $312K | $55K | $117K | $5K | $0 |
| Net Cash from Operating | -$1.81M | -$1.44M | -$2.38M | -$1.31M | -$234K | -$162K | -$45K | $299K | $245K | -$316K | -$606K | -$737K | -$69K | -$44K | -$28K | -$17K |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$15K | -$2 | $0 | -$68K | -$133K | -$3K | -$390K | -$390K | $0 | -$5K | -$6K | -$5K | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$345K | $4K | -$41K | -$5K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$15K | $0 | $0 | -$68K | -$133K | -$3K | -$390K | -$390K | -$345K | -$1K | -$48K | -$5K | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||
| Debt Repaid | - | -$40K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $794K | $100K | $2.96M | $708K | $1.2M | $172K | $432K | $91K | $111K | $468K | $293K | $282K | $75K | $0 | $0 | $61K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$12K | -$21K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | -$2.96M | -$708K | $0 | $172K | $0 | $0 | $0 | $0 | $0 | $237K | $0 | $0 | $0 | -$1K |
| Net Cash from Financing | $2.59M | $1.35M | $2.96M | $708K | $1.2M | $172K | $432K | $91K | $111K | $468K | $593K | $820K | $89K | $9K | $0 | $60K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $765K | -$80K | $582K | -$674K | $831K | $7K | -$3K | -$68 | $11K | $151K | -$61K | $78K | $20K | -$34K | -$28K | $43K |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | -$1.81M | -$1.44M | -$2.38M | -$1.31M | -$234K | -$162K | -$45K | $299K | $245K | -$316K | -$606K | -$737K | -$69K | -$44K | -$28K | -$17K |
| Capital Expenditure | -$15K | -$2 | $0 | -$68K | -$133K | -$3K | -$390K | -$390K | $0 | -$5K | -$6K | -$5K | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$1.83M | -$1.44M | -$2.38M | -$1.38M | -$367K | -$165K | -$435K | -$91K | $245K | -$321K | -$612K | -$742K | -$69K | -$44K | -$28K | -$17K |
| Cash at Beginning | $675K | $755K | $173K | $848K | $17K | $10K | $12K | $12K | $2K | $37K | $98K | $20K | $136 | $35K | $63K | $20K |
| Cash at End | $1.44M | $675K | $755K | $173K | $848K | $17K | $10K | $12K | $12K | $188K | $37K | $98K | $20K | $136 | $35K | $63K |