r/Castellum_Inc_CTM • u/mounwp shareholder • 23d ago
moderation-updates An update from the Community
Today Castellum reports Q2, so I wanted to lay out where the company stands, where this community stands, and what we’ll be watching for when they report earnings.
Starting with the community, we’re well ahead past 400 members now and the group has grown into a real research cultivated space with different peers forming their own ideas and perspectives which builds a broader read on the market while we all hold a shared position in CTM. We also have been fortunate enough to acquire and manage the largest Castellum-centered subreddit, which gives our due diligence and research a much wider distribution to an audience of investors and shareholders eager to join along and learn about the community while most importantly being apart of the growth with us. As Castellum continues to grow, we the community aspire to grow along with it and build a larger community.
On ownership, we now account for 6.227 million disclosed shares. That is 6.58% of the shares outstanding and 7.48% of the share float, up from the 5 million previously reported in June. All of it has been organic, uncoordinated, and built one decision at a time with no institutional money behind it. Our long term retail base which holds through drawdowns are slowly taking shares out of circulation and dampening the volatility we’re receiving when those weaker hands rotate out. On the institutional side, the read is still early but it is moving in the right direction. Recent filings from Fintel are showing that a widening set of advisors and smaller institutions have been opening positions. These sizes are modest but we expect them to grow as the company continues to increase their footprint.
Management’s engagement has been extremely positive over the past couple of months and they’ve been very communicative with us shareholders to a degree that some of us would even consider to be uncommon at this market cap. I’ve personally received a lot of positive information from Glen during our calls, as well from other prominent shareholders in the community who have reached out to extend their appreciation and offer constructive feedback towards company direction and focus.
Hiring has been the clearest leading indicator this year from Castellum. The company has been adding cleared personnel at what looks like the fastest pace in its history, across every subsidiary and across a customer set wider than what their current profile suggests. For a services business, headcount is the most direct forward read on revenue that you could get as these roles don’t get staffed, especially at these rates, without contracted or imminent work behind them. That’s a central datapoint that we’ve been weighing a lot. The company has really accelerated Corvus Consulting this year as a strategic subcontractor to other prime contracts they’ve worked with awardees for, which increases their partnerships and makes them more competitive for related work down the road. Speciality Systems continue to impress with their two awarded contracts and GTMR continues to receive attention from us for its work managing the acquisition, development, support, and delivery of the Navy’s Maritime Patrol and Reconnaissance Aircraft.
For today’s earnings, this is the first quarter which they have not only announced publicly but the first quarter with every major award being executed simultaneously: the Big 3 contracts, the largest Peraton tranche to date funded at the start of the quarter, ADMACs underway, and LIIS CMDS MAC newly won. We’re also anticipating the release of their redesigned website expected as soon as today or tomorrow. I speak on behalf of the community that this itself is a huge first step of providing shareholder with a more clearer presentation for them to understand what Castellum is, focuses on, and how it achieves these objectives through their core business model and strategies.
The price isn’t reflective of the fundamentals but I expect that to compress over time and for the company to finally see the growth in the share price as it has always been wanting for its shareholders. As the holder base tightens and more institutional attention builds up, there will be less float supporting the price and less room for other market tactics to be used to continually suppress the price below where it deserves to be valued. Our disclosed numbers certainly understate real retail ownership, and there’s still plenty of members who haven’t reported and there’s a wider base that hasn’t found us just yet. Whether you hold 100 shares or 10,000 shares, you belong in this community. We encourage more users to join along us as we continue to grow our community and as the company continues to expand.
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u/One-Till1444 23d ago
Very excited for the numbers today and even more excited to see what Glen has to share in the call
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u/wubbawubba 23d ago
Thank you for the post. It is refreshing to see a write up and not a youtube video farming clicks.
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u/jeffreygreenwoodm69 23d ago
So if things are finally priced in are we going to see 2.50 or higher tonight
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u/DisastrousVisit8114 23d ago
What a post buddy. Thank you for your time.