CynergisTek (CTEK)

CynergisTek is a top-ranked cybersecurity firm dedicated to serving the information assurance needs of the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, and compliance goals. Since 2004, the company has served as a partner to hundreds of healthcare organizations and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been recognized by KLAS as a top performing firm in healthcare cybersecurity and was awarded the 2019 Top Healthcare Cybersecurity Consultants in Black Book IT Advisory Outcomes Survey.

Company profile

Ticker

CTEK

Exchange

NYSE

Website

cynergistek.com

CEO

William Caleb Barlow

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Manufacturing > Dental Laboratories

Industry (SIC)

Services - Business Services, NEC

Alibaba Group Holding • Visa • EBay • DiDi Global • Uber • PayPal • Accenture • Nielsen • Fidelity National Information Services • Mastercard ...

Former names

AUXILIO INC, CORPORATE DEVELOPMENT CENTERS INC, E PERCEPTION INC, PEOPLEVIEW INC

SEC CIK

0001011432

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CTEK Solutions, Inc. • CTEK Security, Inc. • Delphiis, Inc. • Backbone Enterprises, Inc. ...

IRS number

880350448

CTEK stock data

1M 1Y 5Y

News

From Benzinga Pro

Recap: CynergisTek Q1 Earnings

16 May 22

CynergisTek (AMEX:CTEK) reported its Q1 earnings results on Monday, May 16, 2022 at 04:01 PM. Here's what investors need to know about the announcement. Earnings CynergisTek beat estimated earnings by 36.36%, reporting an EPS of $-0.07 versus an estimate of $-0.11.

CynergisTek, Inc. Common Stock Q1 EPS $(0.07) Beats $(0.11) Estimate, Sales $4.70M Beat $4.33M Estimate

16 May 22

CynergisTek, Inc. Common Stock (AMEX:CTEK) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.11) by 36.36 percent. This is a 12.5 percent increase over losses of $(0.08) per

Earnings Scheduled For May 16, 2022

16 May 22

Companies Reporting Before The Bell • AcelRx Pharmaceuticals (NASDAQ:ACRX) is estimated to report quarterly loss at $0.06 per share on revenue of $550.00 thousand.

CynergisTek Reports A Global Medical Device Manufacturer, Midwest Investment Firm Expand, Increase Spend With Co.'s IT Audit Group For Total Of $416K

27 Apr 22

Stocks That Hit 52-Week Lows On Monday

18 Apr 22

Press releases

From Benzinga Pro

CynergisTek Files First Quarter 2022 Financial Results

16 May 22

CynergisTek, Inc. (NYSE:CTEK) (the "Company" or "CynergisTek"), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three months ended March 31, 2022. First Quarter Summary of

CynergisTek Will Host Conference Call on Monday, May 16, 2022, to Discuss First-Quarter 2022 Financial Results

13 May 22

CynergisTek (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, today announced that management

A Global Medical Device Manufacturer and A Midwest Investment Firm Expand and Increase Spend with CynergisTek's IT Audit Group with Two Six-Figure Contracts

27 Apr 22

CynergisTek announces its IT Audit Group expands Professional Service agreements for a medical device manufacturer and an investment firm CynergisTek, Inc. (NYSE:CTEK), leading cybersecurity, privacy, compliance, and

World-Renowned Children's Hospital Adds New Six-Figure Contract for CynergisTek's Red Team and Remediation Support Services

7 Apr 22

CynergisTek Expands Relationship with Nationally Ranked Pediatric Hospital to Include Six-Figure Contract for Professional Consulting and Advisory Support

31 Mar 22

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

16 May 22

17 May 22

31 Dec 22

Financial summary

Financial statements Chart CTEK financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)		1.21M	1.21M	1.21M	1.21M	1.21M
Cash burn (monthly)		(no burn)	381.55K	95.39K	725K	181.25K
Cash used (since last report)		n/a	592.68K	148.17K	1.13M	281.54K
Cash remaining		n/a	615.9K	1.06M	82.42K	927.04K
Runway (months of cash)		n/a	1.6	11.1	0.1	5.1

Beta Read what these cash burn values mean

Financial data from CynergisTek earnings reports.

Recent insider trades

CTEK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Dec 21	Robert Mccashin	Common Stock	Buy	Acquire P	No	No	1.51	8,000	12.08K	99,500
1 Dec 21	Mcmillan Michael Henry	Common Stock	Buy	Acquire P	No	No	1.4415	10,000	14.42K	603,333
16 Nov 21	John Lawrence Flood Sr	Common Stock	Buy	Acquire P	No	No	1.755	35,000	61.42K	100,000
15 Nov 21	John Lawrence Flood Sr	Common Stock	Grant	Acquire A	No	No	0	25,000	0	65,000
15 Nov 21	Robert Mccashin	Common Stock	Grant	Acquire A	No	No	0	35,000	0	91,500
15 Nov 21	Dana Davis Sellers	Common Stock	Grant	Acquire A	No	No	0	25,000	0	70,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

CTEK institutional ownership history Ownership history

19.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	20	19	+5.3%
Opened positions	4	0	NEW
Closed positions	3	3	–
Increased positions	5	7	-28.6%
Reduced positions	5	5	–

13F shares	Current	Prev Q	Change
Total value	3.8M	4.51M	-15.7%
Total shares	2.64M	2.51M	+5.4%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Horton Capital Management	791.82K	$1.14M	+5.7%
King Luther Capital Management	403.88K	$582K	0.0%
Essex Investment Management	345.73K	$498K	+25.0%
Vanguard	213.9K	$308K	0.0%
Bridgeway Capital Management	170K	$245K	+13.3%
Renaissance Technologies	162.88K	$235K	-3.7%
Perritt Capital Management	136.47K	$197K	-10.5%
Perkins Capital Management	105K	$151K	-43.2%
Connors Investor Services	104.63K	$151K	NEW
NJ State Employees Deferred Compensation Plan	86K	$124K	0.0%

Largest transactions	Shares	Bought/sold	Change
Connors Investor Services	104.63K	+104.63K	NEW
Perkins Capital Management	105K	-80K	-43.2%
Essex Investment Management	345.73K	+69.26K	+25.0%
Horton Capital Management	791.82K	+42.4K	+5.7%
Greenhaven Road Investment Management	0	-32.64K	EXIT
Bridgeway Capital Management	170K	+20K	+13.3%
Two Sigma Securities	16.19K	+16.19K	NEW
Perritt Capital Management	136.47K	-16K	-10.5%
FineMark National Bank & Trust	14.5K	+14.5K	NEW
Millennium Management	12.32K	+12.32K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Canon • Xerox • Sharp • Konica Minolta • Accenture • Xerox

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: accommodate, accurately, adapted, alternative, annexation, Anthony, application, assist, attendance, attention, begun, behalf, bond, bore, buying, case, certainty, Certification, CFO, chain, choose, commodity, component, conflict, constrained, Crimea, cumulative, cyclical, dictated, directly, diversion, Document, Donetsk, downturn, duly, emerging, ensuing, escalation, escrow, European, expired, February, Furnished, geopolitical, governmental, growth, guaranty, harmed, inception, inflation, instability, Instance, Interbank, invasion, Label, lack, lead, led, lessee, leverage, levied, lingering, Linkbase, list, listing, location, Luhansk, mandate, marked, military, modification, modified, modifying, mutant, navigating, omicron, operationally, order, overhead, pace, page, patient, Paul, pro, produce, propensity, proportion, proposed, rata, refund, Region, remote, remove, Republic, road, Russia, Russian, Schema, separatist, serve, sick, slightly, Society, Standard, Stockholder, successfully, supply, surge, SWIFT, Taxonomy, Telecommunication, telehealth, thereunto, threatened, treatment, Ukraine, undersigned, Union, unpredictable, visit, Worldwide, XBRL

Removed: active, actively, began, bring, bundle, canceling, categorized, China, clarity, closely, comparable, constantly, Continued, contractually, curb, daily, declared, decline, depend, detected, distancing, employment, evolution, evolving, excluding, facilitating, flow, fluid, force, foreseeable, half, headcount, health, holding, infrastructure, instituted, July, leader, local, monitoring, narrow, national, offset, outbreak, partner, permanent, planning, practice, precise, progression, public, quarantined, reaction, receiving, recession, reflected, salary, sheet, shift, social, sophisticated, staffing, strain, surfaced, targeted, terminated, unconsolidated, variety, vary, Wuhan

From filing 10-Q 2022 Q1

Financial reports

View all

Annual report (amended)

29 Apr 22

10-K