Mark Fuller, President and Chief Executive Officer of Castellum, Inc. (NYSEAM:CTM), said ?Castellum, Inc. is now well positioned to execute on our 2024 budget starting in January, where we are projecting $50 million in revenue and $3.5 million in recurring cash operating profit for the 2024 calendar year. From a strategy perspective, we are looking at some key initiatives including potential mergers, both forward and reverse, acquisitions which could help us get to economic scale (which we define as $80 million in revenue and 7.5% or better cash operating profit), and other things to improve shareholder value,? added Fuller.

?Consideration has also been given to whether the $1.2 million-plus of public company costs are worthwhile to our core shareholder group. With the expiration of the 12-month EF Hutton engagement lockup, we can now interview other investment bankers and get different perspectives on rebuilding some of the shareholder value lost over the past year. Part of that process will involve continuing to pay down our bank debt while looking to term out, pay down, or otherwise restructure our non-bank debt and also looking to get some flexibility (which we haven?t previously had) to repurchase stock if the board feels that the market is substantially undervaluing our common equity.

In short, we have a full plate of initiatives to pursue over the coming few months,? concluded Fuller.