EDINBURGH, Scotland and
DENVER, Aug. 7, 2024 /PRNewswire/ -- Cyberhawk™, a global
leader in drone-based inspection and surveying services and visual
data management software, is pleased to announce a 55 percent
revenue growth in the fiscal year 2024, ending March 31st, with total revenue reaching 28.7
million.
Cyberhawk solutions are trusted by global energy, utility, and
construction companies, providing unparalleled safety, efficiency,
and accuracy in asset management and infrastructure inspections and
surveys, as well as providing best-in-class data management and
visualization services.
Regional Growth and Diverse Product Offerings
Cyberhawk's growth has been driven by significant advancements
in all key regions, including the U.K., U.S., and the Middle East. The company's innovative approach
and diverse product portfolio have resonated strongly in these
regions, resulting in sustained revenue growth with new and
existing customers. Additionally, Cyberhawk has more than doubled
the number of unique licenses of its flagship software, iHawk™,
underscoring the increasing demand for cutting-edge visual data
management solutions.
"We are immensely proud of our fiscal year 2024 achievements,"
said Chris Fleming, Chief Executive
Officer of Cyberhawk. "We've experienced substantial growth
globally, with notable success in the U.S. The adoption of our
iHawk platform has driven software revenues up by over 100 percent.
We collaborate with the world's largest energy, asset management,
and construction companies, offering innovative, faster, and safer
data visual management solutions that deliver significant ROI in
both savings and safety."
Strategic Expansion and Customer-Centric Focus
To support this growth, Cyberhawk has expanded its U.S.-based
commercial and field operations teams, increased software developer
depth in the U.K., and scaled its operations in the Middle East. These strategic expansions are
part of Cyberhawk's commitment to providing end-to-end solutions to
meet the specific needs of its customers. By adopting a holistic
approach to understanding customer requirements, Cyberhawk ensures
the delivery of quality information that enables fast and effective
decision-making.
"This is another outstanding year of financial performance that
creates a foundation on which we can continue to build," stated
John Comiskey, Cyberhawk's Chief
Financial Officer. "In line with our strategic aim to provide
full-service solutions for our customers, we grew both our drone
inspection and associated software services by 48 percent and 106
percent, respectively."
Over the next several months, Cyberhawk has plans to introduce
new products and services, including its AVIATE by Cyberhawk
(Accelerated Visual Integration and Technology Enabler) program,
which remotely assists customers in establishing or progressing
their UAS programs and technical enhancements to their visual data
management software for inspections through Visualive™.
For more information about Cyberhawk's innovative services,
please visit https://thecyberhawk.com or on LinkedIn.
About Cyberhawk
Founded in 2008, Cyberhawk™ is the world leader in visual data
management, seamlessly combining drone-based inspection and survey
data with its software solution, iHawk™. As an industry pioneer,
Cyberhawk conducts hundreds of thousands of inspections and surveys
each year and has completed over 35 world firsts since its
inception, operating worldwide in more than 40 countries. Made up
of a highly skilled team of energy sector 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.
Agency Contact:
PJ Jennings
Jennings & Associates
pj@jandacommunications.com
760-431-7466 Office
760-580-1114 Mobile
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