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Cyber Digital, Inc.: Cyber Digital Reports Record Results for the Second Quarter Ended September 30, 2008

^{Published on 2008-11-18 05:44:03 - Market Wire}
 

HAUPPAUGE, NY--(Marketwire - November 18, 2008) - Cyber Digital, Inc. (OTCBB: [ CYBD ]), a developer of communications systems and a communications service provider, today announced its financial results for the second quarter ended September 30, 2008.

Performance Highlights:

Results of Operations For Three Months Ended September 30, 2008

 -- Net Revenue of $817,000 -- Gross Profit of $395,000 -- Net Profit of $117,000, or $0.003 Per Share -- EBITDA of $293,000 

Results of Operations For Six Months Ended September 30, 2008

 -- Net Revenue of $1,706,000 -- Gross Profit of $682,000 -- Net Loss of $(321,000), or $(0.01) Per Share -- EBITDA of $30,000 

Liquidity and Capital Resources:

 -- Cash and Cash Equivalents was $300,000 -- Marketable Securities was $275,000 -- Net Cash Provided by Operating Activities was $424,000 -- Net Cash Used in Investing Activities was $2,400 -- Net Cash Used in Financing Activities was $433,000 

Improvements in Net Profit, EBITDA and overall liquidity were due to cost reductions, elimination of redundant management and service employees, reduction in certain liability reserves and increased operational efficiencies. For complete details, please refer to Quarterly Report in Form 10-QSB as filed with the SEC.

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 to small businesses and residential subscribers in the states of New York, New Jersey and Pennsylvania. For more information, visit [ www.cyberdigitalinc.com ]

Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" for purposes of the Private Securities Litigation Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from the events or results predicted by such statements. Investors should refer to important risk factors that could cause actual events or results to differ materially, which are discussed in greater detail in Cyber Digital's filings with Securities and Exchange Commission.