SOURCE: Cyber Digital, Inc.

August 20, 2007 07:35 ET

Cyber Digital, Inc. Reports Results for the First Quarter Ended June 30, 2007

NEW YORK, NY--(Marketwire - August 20, 2007) - Cyber Digital, Inc. (OTCBB: CYBD), a developer of communications systems and a communications service provider, today announced its financial results for the first quarter ended June 30, 2007.

First Quarter 2007 Performance Highlights:

--  $445 Thousand Net Revenue (represents one month only from June 1 to
    June 30, 2007)
--  $163 Thousand Gross Profit
--  Gross Margin of 37%
--  Operating EBITDA increased by $166 Thousand over prior year same
    quarter
--  $148 Thousand Net Loss or $.004 Per Share
    

Net revenues were generated from our recently acquired communications service provider subsidiaries as of June 1, 2007. These subsidiaries provide communication services to small businesses and residential subscribers in the states of New York, New Jersey and Pennsylvania. These are monthly recurring revenue from approximately 10,000 subscribers.

Financial Results:

Net revenue for the quarter ended June 30, 2007 was $445,049 as compared to $0 for the quarter ended June 30, 2006.

Cost of sales for the quarter ended June 30, 2007 was $281,411 as compared to $0 for the quarter ended June 30, 2006.

Gross profit for the quarter ended June 30, 2007 was $163,638 as compared to $0 for the quarter ended June 30, 2006. Gross profit as a percentage of sales was 37% for the quarter ended June 30, 2007 as compared to 0% for the quarter ended June 30, 2006.

Selling, general and administrative expenses increased from $210,695 in quarter ended June 30, 2006 to $252,822 in quarter ended June 30, 2007, representing an increase of $42,127 or approximately 20%, principally due to selling, general and administrative expenses of services subsidiaries.

Operating EBITDA increased by $166,542 to $(93,810) in quarter ended June 30, 2007 from $(260,352) in quarter ended June 30, 2006.

Net loss from operations in quarter ended June 30, 2007 was $(145,708) or $(.004) per share as compared with a loss of $(262,314) or $(.008) per share in quarter ended June 30, 2006.

Cash and cash equivalents including marketable securities were $338,867 and $33,506 for quarter ended June 30, 2007 and June 30, 2006, respectively.

About Cyber Digital, Inc.

Cyber Digital, Inc. is a designer, software developer and manufacturer of proprietary advanced distributed digital voice switches and high-performance Internet Protocol (IP) broadband systems, such as softswitches, routers, gateways, firewalls and servers for network operators worldwide. It also provides communications services through its subsidiaries. For more information, visit www.cyberdigitalinc.com

This press release contains forward-looking statements, pursuant to the "safe harbor" provisions as fully described in Cyber's SEC filings.

Contact Information

  • Contact:
    Cyber Digital, Inc.
    Investor Relations
    (631) 231-1200
    Email Contact