Cybeats Expands Market Reach with SBOM Consumer Launch

An update from Cybeats Technologies Corp. ( (TSE:CYBT) ) is now available.

Cybeats Technologies Corp. has launched SBOM Consumer, a product that expands its reach into the enterprise market by offering asset management capabilities for both IT and OT environments. This new product enables enterprises to manage software security across their digital and physical infrastructure, providing enhanced visibility, compliance automation, and third-party risk management. The strategic launch targets sectors such as healthcare, finance, energy, telecom, and defense, and is already in pilot with a U.S. defense agency and Orange S.A. SBOM Consumer addresses the need for continuous monitoring and asset-level software intelligence, helping organizations mitigate risks and improve cybersecurity practices.

Spark’s Take on TSE:CYBT Stock

According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.

Cybeats Technologies Corp. faces significant financial challenges with persistent losses and a weak balance sheet, reflected in the low financial performance score. However, recent strategic contracts in healthcare and industrial control systems sectors provide positive market expansion signals, slightly improving the overall outlook. Technical indicators show bearish trends, and valuation metrics remain unfavorable due to continued losses.

To see Spark’s full report on TSE:CYBT stock, click here.

More about Cybeats Technologies Corp.

Cybeats Technologies Corp. is a cybersecurity company specializing in Software Bill of Material (SBOM) management and software supply chain intelligence technology. The company aids organizations in managing risk, meeting compliance requirements, and securing their software throughout procurement, development, and operation. Cybeats’ platform provides comprehensive visibility and transparency into the software supply chain, enhancing operational efficiency and aligning with regulatory standards.

YTD Price Performance: 3.85%

Average Trading Volume: 90,368

Technical Sentiment Signal: Buy

See more data about CYBT stock on TipRanks’ Stock Analysis page.