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Plurilock Security Inc
(PLUR)
Plurilock Security Inc (PLUR) vs. iShares MSCI Canada ETF (EWC)
Plurilock Security Inc Business Overview & Revenue Model
Plurilock Security Inc Earnings Call Summary
Plurilock Security Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.35M | 59.12M | 70.42M | 64.63M | 36.62M | 479.33K |
| Gross Profit | 7.55M | 7.76M | 5.85M | 4.98M | 2.48M | 400.79K |
| EBITDA | -10.81M | -10.12M | -7.68M | -7.58M | -5.97M | -4.64M |
| Net Income | -11.77M | -11.53M | -9.09M | -8.45M | -6.28M | -4.60M |
Balance Sheet | ||||||
| Total Assets | 28.68M | 34.47M | 27.14M | 23.61M | 18.48M | 2.23M |
| Cash, Cash Equivalents and Short-Term Investments | 1.72M | 1.40M | 1.92M | 2.71M | 9.47M | 1.72M |
| Total Debt | 1.34M | 2.75M | 5.88M | 6.68M | 201.72K | 46.86K |
| Total Liabilities | 31.34M | 39.61M | 31.47M | 20.81M | 11.55M | 551.17K |
| Stockholders Equity | -2.66M | -5.14M | -4.34M | 2.80M | 6.93M | 1.68M |
Cash Flow | ||||||
| Free Cash Flow | -10.12M | -7.10M | -2.14M | -9.87M | -2.09M | -1.85M |
| Operating Cash Flow | -10.09M | -7.06M | -2.13M | -9.84M | -2.03M | -1.82M |
| Investing Cash Flow | -23.26K | -42.19K | -8.73K | -4.67M | -4.93K | -28.05K |
| Financing Cash Flow | 9.16M | 6.93M | 963.19K | 7.94M | 9.78M | 3.44M |
Plurilock Security Inc Technical Analysis
Plurilock Security Inc Peers Comparison
Plurilock Security Inc Corporate Events
Plurilock Security Inc. announced that its executives, board members, and employees have collectively purchased approximately 531,000 common shares, indicating strong confidence in the company’s strategic direction and growth potential. This move underscores Plurilock’s commitment to expanding its Critical Services business and pursuing new opportunities, aiming for sustained growth and profitability.
Plurilock Security Inc. announced a $3 million strategic investment through a non-brokered private placement of unsecured convertible debenture units, pending approval from the TSX Venture Exchange. This investment aims to accelerate the company’s growth initiatives, expand its Critical Services business, and strengthen working capital. The funding will enable Plurilock to scale internationally and drive towards profitability, enhancing its position in the cybersecurity industry.
Plurilock Security Inc. has announced a corporate update highlighting its strategic focus on defense and critical services growth. The company has established a dedicated team to pursue government cybersecurity opportunities across the U.S., Canada, NATO, and allied nations, aiming to secure federal contracts related to national infrastructure and defense. Despite budgetary discussions in Washington, the U.S. public sector remains a growing market for cybersecurity, driven by modernization initiatives. Plurilock has also expanded its client base, secured repeat orders from federal agencies, and strengthened its leadership by appointing Dr. Chase Cunningham to its Industry Advisory Council. These developments support the company’s growth trajectory and reinforce its position in the cybersecurity industry.
Plurilock Security Inc. has appointed Michael Ruiz as the new Chief Technology Officer and General Manager of its Critical Services Division. With over 20 years of experience in cybersecurity and defense technology, Ruiz will lead the company’s margin expansion strategy by scaling its high-value Critical Services business across North America and allied international markets. His appointment is expected to strengthen Plurilock’s position as a trusted cybersecurity partner to allied governments and global enterprises, enhancing its growth and presence in both defense and commercial sectors.
Plurilock Security Inc. has announced the addition of three new clients to its Critical Services portfolio and the expansion of services with two existing clients, marking significant growth in its commercial and enterprise markets. This development highlights Plurilock’s successful land-and-expand model, which transforms initial engagements into long-term, high-margin partnerships, and strengthens its position in the cybersecurity industry. The company has also added over $10 million to its Critical Services pipeline, with opportunities including NATO-aligned defense programs, further enhancing its path toward profitability.
Plurilock Security Inc. has announced a corporate streamlining initiative expected to save $2.7 million annually. This follows the divestiture of its CloudCodes business, allowing the company to concentrate on its higher-margin Critical Services. The streamlining involves leveraging global talent, adopting an AI-first approach, and reducing overheads, aiming to enhance financial stability and support growth in key areas like Critical Services and international expansion.
Plurilock Security Inc. has completed the sale of its CloudCodes assets to Scope Technologies Corp. for approximately $1,780,000 in a mix of cash and shares. This transaction aligns with Plurilock’s strategic focus on its Critical Services division, which targets large enterprise, defense, and public sector clients, enhancing its market position in North America and allied international markets.
Plurilock Security Inc. has announced the sale of its CloudCodes assets to Scope Technologies Corp. for $1,780,000 in cash and stock. This strategic divestiture allows Plurilock to streamline its operations and focus on its core services, particularly in serving large enterprises and government clients. The transaction is expected to close by mid-September 2025, subject to customary conditions and regulatory approvals. This move aligns with Plurilock’s shift away from the SME market segment, allowing it to concentrate on critical services and support CloudCodes’ growth under new leadership.
Plurilock Security Inc. reported a substantial increase in revenue for the second quarter of fiscal 2025, driven by a 159% rise in Critical Services revenue and a 42% improvement in adjusted EBITDA loss year-over-year. Despite a one-time lower-margin order impacting overall margins, the company remains focused on margin expansion through its Critical Services. Plurilock’s strategic initiatives and recent engagements with top cybersecurity leaders highlight its strengthened credibility and potential for capturing a larger market share. The company maintains a strong liquidity profile and anticipates benefiting from seasonal budget flows and ongoing strategic initiatives in the second half of the year.
Plurilock Security Inc. has announced that it will release its second quarter 2025 financial results after market close on August 19, 2025. The company will host a live webinar on August 20, 2025, where CEO Ian L. Paterson and CFO Scott Meyers will discuss the results and provide updates. This announcement is significant for stakeholders as it offers insights into the company’s financial health and strategic direction, potentially impacting its market positioning and investor confidence.