CTMMEDIUM SIGNALFINANCIAL10-K

CTM showed strong revenue growth and significant balance sheet improvement, but operating cash flow turned sharply negative despite reduced losses.

The company demonstrates solid top-line growth with revenue increasing 18% and substantial improvement in net losses (76% reduction), indicating operational progress. However, the dramatic swing from positive to negative operating cash flow (-$1.9M vs +$1.1M) raises concerns about working capital management and cash generation despite the improved profitability metrics.

Comparing 2026-03-09 vs 2025-03-11View on EDGAR →
FINANCIAL ANALYSIS

CTM's financial profile shows mixed signals with strong revenue growth (18%) and dramatically improved net losses (76% reduction), while stockholders' equity surged 77% and total liabilities dropped 65%, indicating a much stronger balance sheet position. However, the company's operating cash flow deteriorated significantly from positive $1.1M to negative $1.9M, suggesting potential working capital challenges despite the 48% increase in accounts receivable reflecting business growth. Overall, the company appears to be growing and strengthening its balance sheet but facing near-term cash flow pressures that warrant monitoring.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+4474.6%
$3K→$152K

Capital expenditure jumped 4474.6% — major investment cycle underway; assess returns on deployment.

Operating Cash Flow
Cash Flow
-273.9%
$1.1M→-$1.9M

Operating cash flow fell 273.9% — earnings quality concerns; investigate working capital changes and non-cash items.

Stockholders Equity
Balance Sheet
+77.2%
$20.2M→$35.8M

Equity base grew 77.2% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Net Income
P&L
+76%
-$10.0M→-$2.4M

Net income grew 76% — bottom-line growth signals improving overall business health.

Total Liabilities
Balance Sheet
-65.2%
$17.7M→$6.2M

Liabilities reduced 65.2% — deleveraging improves balance sheet strength and financial flexibility.

Operating Income
P&L
+61.1%
-$7.2M→-$2.8M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Accounts Receivable
Balance Sheet
+48.5%
$5.5M→$8.2M

Receivables surged 48.5% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Current Liabilities
Balance Sheet
-43%
$9.8M→$5.6M

Current liabilities reduced — improved short-term financial position and working capital health.

Current Assets
Balance Sheet
+30.5%
$18.9M→$24.6M

Current assets grew 30.5% — improving short-term liquidity or inventory/receivables build.

Revenue
P&L
+18.1%
$44.8M→$52.9M

Revenue growing 18.1% — solid top-line momentum, watch margins for quality of growth.

LANGUAGE CHANGES
NEW — 2026-03-09
PRIOR — 2025-03-11
ADDED
The registrant had outstanding 94,612,750 shares of common stock, par value $0.0001, as of March 6, 2026.
The Company routinely works with multiple business brokers and contacts within their business network to identify potential acquisitions.
Due to our success in completing seven acquisitions since 2019 and given our executive officers and key managers networks of contacts in the IT, telecom, cybersecurity, and defense sectors, we believe that we are well positioned to continue to execute our business strategy.
Although there can be no assurance that the Opportunity Pipeline can be converted to revenues, the Company believes that the total value of the Opportunity Pipeline to be approximately $817 million as of December 31, 2025.
We modernize enterprise and agency-unique applications, enterprise infrastructure, and business processes to enhance productivity, security, and increase user satisfaction.
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REMOVED
The registrant had outstanding 80,391,874 shares of common stock, par value $0.0001, as of March 10, 2025.
As a result of the Reverse Stock Split, all authorized and outstanding common stock and per share amounts in this Annual Report on Form 10-K ( Form 10-K ), including but not limited to, the consolidated financial statements and footnotes included herein, have been adjusted to reflect the Reverse Stock Split for all periods presented.
DOGE Service Temporary Organization on government spending and terminating contracts for convenience; our ongoing relationships with government entities, agencies, and teaming partners; overall levels of government spending on defense spending and spending on IT services, significant delays or reductions in appropriations for our programs or U.S.
The Company has worked with multiple business brokers and contacts within their business network to identify potential acquisitions.
Due to our success in completing seven acquisitions over the previous five years and given our executive officers and key managers networks of contacts in the IT, telecom, cybersecurity, and defense sectors, we believe that we are well positioned to continue to execute our business strategy.
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