Green Lights & Red Flags

🎯 TL;DW: $CISO CEO Interview Recap – The Market May Finally Be Catching On

Posted by Penny Queen | May 5, 2025

If you missed my full interview with CISO Global ($CISO) CEO David Jemmett — or you’re not the kind of person who watches 27 minutes of cybersec talk on a Monday — here’s your Too Long; Didn’t Watch summary.

The actual video is at the end if that’s what you’re into.

Earnings Drop May 15

CISO will release Q1 financials on May 15. Jemmett says he’s very confident in their forward guidance. Bold, but he’s got the numbers to back it up.

ATM Is Dead Weight

The ATM (at-the-market offering) will not be used. Jemmett says it's pointless with the current share price and will naturally expire in June. The board is also meeting May 13 to consider officially extinguishing it. That removes a huge source of retail doubt.

Cleaning Up Naked Shorts

A CUSIP change is on the table. This would force a share recall — a strong move to combat potential naked shorting. Jemmett confirmed it’s a board agenda item for May 13.

Where’s the Insider Buying?

Insiders are in a blackout due to multiple large deals in motion. They want to buy, they will buy — they just can’t right now. No insider sales. Management still holds tight.

Share Count Update

Fully diluted share count is ~30.9M. The final debt-related conversion is done. No more dilution pressure. Float is solid. And there are likely still locked-up shares under legend.

Software Sales = Margin Magic

CISO’s CheckLight software is gaining traction. It’s being sold through cyber insurance providers and includes a $250K warranty on breaches.

• 80%+ margins

• Recurring revenue (75%)

• Client retention (93%)

It’s plug-and-play protection — even Fortune 50s are biting.

CheckLight’s Killer Use Case

CheckLight is being required by a major insurance carrier at the point of sale. No CheckLight = No policy. That’s a moat.

Plus, it’s already helping prevent disastrous M&A deals by exposing major cybersecurity risks during due diligence.

📉 Manipulation? Yes. Just CISO? No.

Jemmett sees what retail sees — high volume, no price movement, tiny average trade size. He cites $DJT as another case. CISO’s not alone. But they’re fighting back.

Valuation Disconnect

Facts:

• TTM revenue: $34M

• EBITDA: $6M

• 20% YoY growth

• Market cap: ~$15M

• Software alone independently valued at $50M

They are trading at 0.3x revenue in a space that typically sees 8–12x multiples. That’s not a typo.

Final Thoughts

CISO spent last year quietly putting out fires and laying groundwork. Now, they’re ready to let the news flow — and it’s not fluff.

If they hit their Q1 marks and keep growing CheckLight, I believe the market will have to reprice this. Until then, I’ll be right here, reminding you that you heard it first.

The chart shows that a breakout is likely if we hit 65 cents.

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Trump's DJT Letter to the SEC

What do you think — are the shorts about to get squeezed?

As always, I don’t provide financial advice, do your own research. I am not paid by the company either directly or indirectly. I am long