Cyberlux Corporation (CYBL) Stock Slumped 27% Last Week: But Why?

Micro cap stocks are well known for their volatility and hence, even if they record steep declines, one should not ignore the stocks completely. A comeback may be around the corner as well and on that note, it might be a good time to take a look at the Cyberlux Corporation (OTCMKTS:CYBL) stock.

Last week the stock declined by as much as 27% as investors rushed for the exits but a new week begins today and it might be a good time to remember that not too long ago the Cyberlux stock had been flying. It had become one of the more micro cap stocks not too long ago and it might be a good idea to remember the company’s performance in the second fiscal quarter.

In the quarter that ended on June 30, 2021 Cyberlux managed to generate as much as $367,231 in the form of revenues and that was a major turnaround from the $0 worth of revenues in the prior year period. The company had suffered due to the coronavirus induced lockdowns and that had led to the abysmal performance. In the first half of the year, Cyberlux managed to bring in $591,868 in net income as well.