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Cytta ( (CYCA) ) has shared an update.
Cytta Corp entered into an agreement with Michael Elliott on January 7th, 2023, for marketing services using AI technology. Elliott reported engagement with law enforcement for trials of CyttaCOMMS software, resulting in 33 sales orders included in Cytta’s December 31, 2024, financial report. However, these orders were later found to be fraudulent, leading to Elliott’s termination on May 28th, 2025. The company had to reverse the accounts receivable and decided to change auditors due to the additional forensic audit requirements.
More about Cytta
Cytta Corp operates in the technology industry, focusing on providing software solutions such as CyttaCOMMS for drone streaming and collaboration, primarily targeting law enforcement agencies.
Average Trading Volume: 136,659
Technical Sentiment Signal: Sell
Current Market Cap: $6.58M
For an in-depth examination of CYCA stock, go to TipRanks’ Overview page.