tiprankstipranks
01 Communique Nears Profitability with PQC Advances
Company Announcements

01 Communique Nears Profitability with PQC Advances

01 Communique Laboratory Inc. (TSE:ONE) has released an update.

Don't Miss our Black Friday Offers:

01 Communique Laboratory Inc. reports a reduction in their second quarter loss for fiscal 2024, citing advances in their IronCAP Post-Quantum Cryptography (PQC) and strategic partnerships. While waiting for NIST’s final PQC algorithm recommendations, the company has already incorporated 4 out of 5 into their cryptographic engine. Despite a slight decrease in revenue, they’ve made significant cuts in operating expenses, moving towards breakeven and potential profitability.

For further insights into TSE:ONE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated Newsdesk01 Communique Nears Profitability and Aligns with NIST Standards
TipRanks Canadian Auto-Generated Newsdesk01 Communique Optimistic as Losses Narrow
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App