Cyberhawk Announces 55 Percent Revenue Growth for Fiscal Year 2024

(MENAFN- PR Newswire) EDINBURGH, Scotland and DENVER, Aug. 7, 2024 /PRNewswire/ — CyberhawkTM, a global leader in drone inspection and surveying services and visual data management software, is pleased to announce a 55 percent increase in revenue for fiscal year 2024 ending March 31, with total revenue reaching $28.7 million.

Cyberhawk solutions are trusted by global energy, utilities and construction companies to deliver unrivaled levels of security, efficiency and accuracy in asset management and infrastructure inspection and research, as well as best-in-class data management and visualization services.

Regional growth and diversified product offering

Cyberhawk’s growth was driven by significant advances in all key regions, including the UK, US and the Middle East. The company’s innovative approach and diverse product portfolio resonated strongly in these regions, resulting in sustained revenue growth from new and existing customers. Cyberhawk also more than doubled the number of unique licenses for its flagship software, iHawkTM, underscoring the growing demand for cutting-edge visual data management solutions.

“We are extremely proud of our achievements in fiscal year 2024,” said Chris Fleming, CEO of Cyberhawk. “We have experienced significant growth globally, with significant success in the U.S. Our iHawk platform deployment has increased software revenue by more than 100 percent. We are partnering with some of the world’s largest energy, asset management and construction companies to deliver innovative, faster and more secure visual data management solutions that deliver significant ROI in both savings and security.”

Strategic expansion and customer focus

To support this growth, Cyberhawk has expanded its US commercial and field operations teams, increased the depth of its software development team in the UK and expanded its operations in the Middle East. These strategic expansions are part of Cyberhawk’s commitment to delivering comprehensive solutions to meet specific customer needs. By taking a holistic approach to understanding customer requirements, Cyberhawk ensures the delivery of high-quality information that enables rapid and effective decision-making.

“This is another excellent year of financial performance, providing a foundation on which we can continue to build,” said John Comiskey, Cyberhawk’s Chief Financial Officer. “Aligned with our strategic focus on providing our customers with comprehensive solutions, we increased both drone inspection and related software services by 48 percent and 106 percent, respectively.”

Cyberhawk plans to introduce new products and services in the coming months, including AVIATE by Cyberhawk (Accelerated Visual Integration and Technology Enabler), which remotely helps customers create or expand UAS programs and make technical improvements to visual data management software for inspections through VisualiveTM.

For more information about Cyberhawk’s innovative services, please visit or follow us on LinkedIn.

About Cyberhawk

Founded in 2008, CyberhawkTM is a global leader in visual data management, seamlessly connecting drone inspection and survey data with its iHawkTM software solution. An industry pioneer, Cyberhawk performs hundreds of thousands of inspections and surveys each year and has completed over 35 world firsts since its inception, operating globally in over 40 countries. Comprised of a highly skilled team of energy industry veterans, world-class pilots, inspection engineers and in-house software developers, Cyberhawk offers a true end-to-end visual data collection, inspection, survey and data management solution for the energy, oil and gas and construction project sectors.

Contact with the agency:

P.J. Jennings
Jennings & Associates
(email protected)
760-431-7466 Office
760-580-1114 Mobile

SOURCE Cyberhawk

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