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Plurilock Security Inc
(PLUR)
Plurilock Security Inc (PLUR) vs. S&P 500 (SPY)
Plurilock Security Inc Business Overview & Revenue Model
Plurilock Security Inc Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 70.42M | 64.63M | 36.62M | 479.33K | 646.90K | Gross Profit |
| 5.85M | 4.98M | 2.48M | 400.79K | 566.94K | EBIT |
| -8.12M | -7.03M | -5.52M | -3.03M | -1.29M | EBITDA |
| -7.68M | -7.58M | -5.97M | -4.64M | -1.28M | Net Income Common Stockholders |
| -9.09M | -8.45M | -6.28M | -4.60M | -1.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.92M | 2.71M | 9.47M | 1.72M | 147.43K | Total Assets |
| 27.14M | 23.61M | 18.48M | 2.23M | 1.00M | Total Debt |
| 5.88M | 6.68M | 201.72K | 46.86K | 485.95K | Net Debt |
| 3.97M | 3.97M | -9.27M | -1.67M | 338.51K | Total Liabilities |
| 31.47M | 20.81M | 11.55M | 551.17K | 965.23K | Stockholders Equity |
| -4.34M | 2.80M | 6.93M | 1.68M | 37.68K |
| Cash Flow | Free Cash Flow | |||
| -2.14M | -9.87M | -2.09M | -1.85M | -1.37M | Operating Cash Flow |
| -2.13M | -9.84M | -2.03M | -1.82M | -1.37M | Investing Cash Flow |
| -8.73K | -4.67M | -4.93K | -28.05K | -5.17K | Financing Cash Flow |
| 963.19K | 7.94M | 9.78M | 3.44M | 1.10M |
Plurilock Security Inc Technical Analysis
Plurilock Security Inc Peers Comparison
Plurilock Security Inc Earnings Call Summary
Plurilock Security Inc Corporate Events
Plurilock Security Inc. has appointed Elizabeth Sizeland, a national security expert with over two decades of experience in the U.K. government, to its Industry Advisory Council. Her extensive expertise in defense, national security strategy, and cybersecurity will be leveraged by Plurilock to enhance its strategic risk management and business development as it scales towards becoming a global leader in cybersecurity. Additionally, Sizeland will feature in an upcoming episode of Plurilock’s podcast ‘Code and Country,’ where she will discuss the intersection of cybersecurity, resilience, and national security, emphasizing public-private collaboration and societal resilience.
Plurilock Security Inc. has successfully closed an over-subscribed non-brokered private placement of 12,459,125 special warrants, raising nearly $5 million due to strong investor demand. The proceeds will be used for general working capital purposes, with each warrant to be converted into units comprising common shares and purchase warrants, enhancing the company’s financial flexibility and market position.
Plurilock Security Inc. announced a non-brokered private placement of up to 6,250,000 special warrants at $0.40 per warrant, aiming to raise $2.5 million. These warrants will convert into units consisting of one common share and one purchase warrant, potentially impacting the company’s working capital and involving key stakeholders, including insiders, in a ‘related party transaction’ as per regulatory guidelines.
Plurilock Security Inc. has launched ‘Code and Country,’ a new podcast focusing on cybersecurity issues with insights from industry leaders and experts. The podcast aims to explore the role of technology in national defense and how public-private collaboration can enhance security. It seeks to provide actionable solutions to pressing cybersecurity challenges.
Plurilock Security Inc. has secured a three-year sales order worth US$1.1 million from a leading Fortune 50 U.S. conglomerate, underscoring its ability to deliver tailored network management solutions. This contract highlights Plurilock’s competitive edge and strong partnership with major enterprises, further cementing its position in the private sector.
Plurilock Security Inc. has secured a CAD$2.5 million contract with the Canadian Department of National Defense to enhance their cloud application management over the next three years. This contract, obtained through a competitive bidding process, strengthens Plurilock’s longstanding relationship with the DND by providing essential software licensing solutions. The deal underscores Plurilock’s reputation for delivering cost-effective cybersecurity services.
Plurilock Security Inc. anticipates a promising end to fiscal 2024 with increased revenue and gross margins compared to 2023, driven by a strong Q3 performance and strategic focus on high-margin cybersecurity consulting. The company reported a year-to-date revenue of $38.5 million, with critical services seeing a 70% growth, and improved gross profits. Despite a decrease in total revenue compared to last year, Plurilock remains optimistic about surpassing its 2023 figures.
Plurilock Security Inc. has secured a significant US$1.2 million contract with a NASDAQ-listed semiconductor manufacturer, expanding its existing partnership. This agreement will see Plurilock’s Critical Services team implementing advanced AI-driven cybersecurity solutions, aligning with the company’s ‘land-and-expand’ strategy. The deal underscores growing demand for their expertise in Zero Trust Architecture amidst rising cybersecurity modernization efforts.
Plurilock Security Inc. is set to release its Q3 2024 financial results on November 26, 2024, followed by a live webinar hosted by its CEO and CFO to discuss the outcomes and provide updates. The company invites shareholders and other stakeholders to join the session, offering insights into its performance and future prospects in the cybersecurity sector.
Plurilock Security Inc. has secured an $820,000 order from a State Law Enforcement Agency to provide Intrusion Detection and Prevention Systems, enhancing cybersecurity measures. This two-year contract solidifies Plurilock’s role in modernizing IT infrastructure and defending against cyber threats in the public sector.
Plurilock Security Inc. is experiencing strong sales momentum with a record US$19.3 million contract, thanks to strategic partnerships and an expanded sales team. The company is well-positioned to benefit from the rising demand for cybersecurity in North America, driven by increasing cyber threats and potential policy changes. Plurilock’s focus on AI-driven cybersecurity and Zero Trust architecture has resulted in significant cost savings and enhanced growth opportunities.
Plurilock Security Inc. has secured a CAD$5.4 million contract with a Canadian Law Enforcement Agency to provide a cloud operating model that balances public cloud scalability with private cloud security. This deal strengthens Plurilock’s position as a preferred partner and opens up future cross-selling opportunities with the agency.
Plurilock Security Inc.’s subsidiary, Aurora Systems Consulting, has achieved Cybersecurity Maturity Model Certification (CMMC) Level 1 compliance for the U.S. Department of Defense, enhancing its business position by meeting stringent security standards. This compliance ensures the protection of sensitive information within the Defense Industrial Base, reducing cybersecurity risks and improving national security.