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Plurilock Security Inc (PLUR) AI Stock Analysis
Plurilock Security Inc
(TSXV:PLUR)
The overall score is low because the company’s financial profile remains high-risk, with negative equity, recurring cash burn, and ongoing losses despite some margin improvement, while strong short-term price momentum and an improving technical trend partially offset these risks; valuation remains constrained by negative earnings and a lack of yield, reinforcing a cautious outlook.
Plurilock Security Inc (PLUR) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 19.66M
- Dividend Yield
- ―
- Average Volume (3M)
- 507.31K
- Price to Earnings (P/E)
- -2.9
- Beta (1Y)
- 0.77
- Revenue Growth
- -32.68%
- EPS Growth
- 70.60%
- Country
- Canada
- Employees
- 40
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Infrastructure
Plurilock Security Inc Business Overview & Revenue Model
Company Description
Plurilock Security Inc., based in Vancouver, Canada, is a cybersecurity company focused on identity verification, serving clients throughout the United States and Canada. Its operations are structured into two distinct divisions: Technology and Solut...
Plurilock Security Inc Earnings Call Summary
The earnings call highlighted strong growth and strategic successes, particularly in the expansion of critical services and professional services. However, there were notable financial challenges, including a decline in total revenue and increased cash usage, which tempered the positive achievements.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
During the Plurilock Security's Q3 2024 earnings call, the executives provided detailed guidance on the company's financial performance and strategic direction. The company reported total revenue of $14.3 million for the quarter, with a year-to-date total of $38.5 million, demonstrating a decline compared to the previous year due to timing issues with large orders. Despite this, there was a notable increase in Professional Services revenue, which expanded by 40% year-over-year for the quarter. Plurilock emphasized its focus on higher-margin Critical Services, which accounted for a significant portion of its strategic shift, highlighting successful engagements, such as a $22 million deal with an S&P 500 company. The company's gross margin for Q3 was 6.8%, with a year-to-date margin of 14.2%, showing a year-over-year improvement. Adjusted EBITDA was reported as negative $2.1 million for the quarter. The executives also discussed their strategy to enhance profitability by focusing on high-margin sales and operational efficiency, expecting a stronger financial performance in Q4. However, they did not provide specific guidance for 2025 but reiterated the potential for increased revenue and gross margin compared to 2023.
Plurilock Security Inc Financial Statement Overview
Summary
Financial performance is weak, with declining revenue, persistent net losses, negative shareholder equity, and consistently negative operating and free cash flow, though improving margins and reduced cash burn provide some incremental progress.
Income Statement
40NegativeBalance Sheet
28NegativeCash Flow
24Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.36M | 60.99M | 59.12M | 70.42M | 64.63M | 36.62M |
| Gross Profit | 5.85M | 6.62M | 7.76M | 5.85M | 4.98M | 2.48M |
| EBITDA | -4.44M | -6.40M | -10.12M | -7.68M | -7.87M | -5.97M |
| Net Income | -4.80M | -7.26M | -11.53M | -9.09M | -8.45M | -6.28M |
Balance Sheet | ||||||
| Total Assets | 22.55M | 25.26M | 34.47M | 27.14M | 23.61M | 18.48M |
| Cash, Cash Equivalents and Short-Term Investments | 2.59M | 4.87M | 1.40M | 1.92M | 2.71M | 9.47M |
| Total Debt | 2.83M | 2.74M | 2.75M | 5.88M | 6.68M | 201.72K |
| Total Liabilities | 25.98M | 29.54M | 39.61M | 31.47M | 20.81M | 11.55M |
| Stockholders Equity | -3.43M | -4.28M | -5.14M | -4.34M | 2.80M | 6.93M |
Cash Flow | ||||||
| Free Cash Flow | -5.62M | -6.22M | -7.10M | -2.14M | -9.87M | -2.09M |
| Operating Cash Flow | -5.56M | -6.22M | -7.06M | -2.13M | -9.84M | -2.03M |
| Investing Cash Flow | 1.74M | 48.44K | -42.19K | -8,729 | -4.67M | -4,928 |
| Financing Cash Flow | 4.92M | 7.16M | 6.93M | 963.19K | 7.94M | 9.78M |
Plurilock Security Inc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLUR, the sentiment is Neutral. The current price of 0.18 is below the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.17, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 47.16 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PLUR.
Plurilock Security Inc Peers Comparison
Overall Rating
TSE:BB70Outperform- TSE:PLUR49.3Neutral
TSE:NOW47Neutral
TSE:NBVA43Neutral
TSE:CTRL37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:BB | 70Outperform | CAD 6.90B | 58.28 | 10.62% | ― | 13.76% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:PLUR | 49Neutral | CAD 20.79M | -2.90 | 112.09% | ― | -32.68% | 70.60% |
| TSE:NOW | 47Neutral | CAD 14.32M | -4.10 | -85.75% | ― | -5.98% | -2385.71% |
| TSE:NBVA | 43Neutral | CAD 11.23M | -13.21 | -23.17% | ― | -5.63% | -0.79% |
| TSE:CTRL | 37Underperform | CAD 15.20M | -1.12 | 393.39% | ― | 74.84% | -25.76% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:PLUR | Plurilock Security Inc | 0.17 | -0.03 | -12.50% | |
| TSE:BB | Blackberry | 11.22 | 4.66 | 71.04% | |
| TSE:NBVA | Nubeva Tech | 0.17 | -0.06 | -26.09% | |
| TSE:NOW | NowVertical Group Inc | 0.14 | -0.14 | -48.21% | |
| TSE:CTRL | Edge Total Intelligence Inc | 0.24 | -0.38 | -60.48% |
Plurilock Security Inc Corporate Events
Plurilock Sets Shareholder Vote on Quantum eMotion Takeover Offering 100% Premium
PositivePlurilock Security Inc. has filed its management information circular and related materials ahead of a special shareholder meeting on November 18, 2026 in Vancouver to approve a proposed plan of arrangement with Quantum eMotion Corp. Under the deal,...
Plurilock Pays Debenture Interest in Shares to Preserve Cash
NeutralPlurilock Security Inc., an AI-focused cybersecurity provider serving governments, NATO-aligned agencies, and Global 2000 companies, offers critical services and proprietary technology to protect vital infrastructure. Its operations center on deliver...
Quantum eMotion to Acquire Plurilock in C$33.8 Million Deal to Build Quantum-AI Cybersecurity Platform
PositiveQuantum eMotion Corp. has agreed to acquire all shares of Plurilock Security Inc. in a C$33.8 million cash-and-stock deal that values each Plurilock share at C$0.28, representing about a 100% premium to Plurilock’s recent 20-day volume-weighted...
Plurilock Boosts Margins and Cuts Costs as It Rebalances Cybersecurity Revenue Mix
PositivePlurilock Security Inc. reported second-quarter 2026 results that highlight a deliberate shift toward higher-margin critical services and cybersecurity solutions, even as total revenue declined year-over-year. Software, license, and maintenance now r...
Plurilock Wins NATO Cyber Security Framework Slot, Elevates CFO to COO Role
PositivePlurilock Security Inc. has announced that its Integra Networks subsidiary has been selected as one of the contract holders under NATO’s Cyber Security Dynamic Marketplace Lot 1, a five-year, multiple-award IDIQ framework covering eight key cyb...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 02, 2026