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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 59.12M | 70.42M | 64.63M | 36.62M | 479.33K |
| Gross Profit | 7.76M | 5.85M | 4.98M | 2.48M | 400.79K |
| EBITDA | -10.12M | -7.68M | -7.58M | -5.97M | -4.64M |
| Net Income | -11.53M | -9.09M | -8.45M | -6.28M | -4.60M |
Balance Sheet | |||||
| Total Assets | 34.47M | 27.14M | 23.61M | 18.48M | 2.23M |
| Cash, Cash Equivalents and Short-Term Investments | 1.40M | 1.92M | 2.71M | 9.47M | 1.72M |
| Total Debt | 2.75M | 5.88M | 6.68M | 201.72K | 46.86K |
| Total Liabilities | 39.61M | 31.47M | 20.81M | 11.55M | 551.17K |
| Stockholders Equity | -5.14M | -4.34M | 2.80M | 6.93M | 1.68M |
Cash Flow | |||||
| Free Cash Flow | -7.10M | -2.14M | -9.87M | -2.09M | -1.85M |
| Operating Cash Flow | -7.06M | -2.13M | -9.84M | -2.03M | -1.82M |
| Investing Cash Flow | -42.19K | -8.73K | -4.67M | -4.93K | -28.05K |
| Financing Cash Flow | 6.93M | 963.19K | 7.94M | 9.78M | 3.44M |
Plurilock Security Inc Technical Analysis
Plurilock Security Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥228.97B | 14.57 | 7.50% | 2.70% | 9.28% | 6.70% | |
49 Neutral | C$18.85M | ― | -1525.80% | ― | 0.55% | 69.82% | |
| ― | $7.29M | ― | ― | ― | ― | ||
47 Neutral | C$8.76M | ― | ― | -7.88% | 13.33% | ||
45 Neutral | C$5.96M | 170.00 | 0.79% | ― | -74.44% | ― | |
| ― | $3.84M | ― | -330.27% | ― | ― | ― | |
| ― | $6.54M | ― | ― | ― | ― |
Plurilock Security Inc Corporate Events
Plurilock Security Inc. has been named a Certified Services Partner for Forcepoint, enhancing its role as a trusted advisor and managed cybersecurity provider. This partnership allows Plurilock to offer its Critical Services to Forcepoint customers through an integrated approach, providing implementation, policy tuning, hosting, and managed services for Forcepoint’s data security solutions. The collaboration is already generating new leads and opportunities, particularly benefiting customers with limited internal resources by offering seamless support for Forcepoint deployments. This move strengthens Plurilock’s position in the cybersecurity industry, accelerates its shift to a recurring services model, and deepens its involvement in complex enterprise and regulated markets.
Plurilock Security Inc. has secured a $2.54 million CAD multi-year contract with a NASDAQ-listed enterprise to provide AI-native cybersecurity services. This agreement aligns with Plurilock’s strategic shift towards recurring, higher-margin software and service engagements, enhancing its presence in the U.S. commercial market. The contract follows the identification of high-risk misconfigurations in the client’s email security, with Plurilock implementing a behavioral AI email security platform to mitigate phishing threats.
Plurilock Security Inc. announced the successful results of its Annual General Meeting, where all resolutions were approved by shareholders. The meeting saw the election of five directors and the re-appointment of MNP LLP as the company’s auditor. Additionally, amendments to the company’s Omnibus Incentive Plan and Articles were ratified. The meeting represented 9.75% of the company’s issued and outstanding common shares, indicating strong shareholder engagement.
Plurilock Security Inc. has secured $1.3 million in new contracts with U.S. commercial clients, enhancing its presence in regulated and high-risk enterprise environments. These contracts, which include penetration testing and security operations support, are expected to expand Plurilock’s multi-year revenue and improve cash flow visibility. The deals underscore the growing demand for Plurilock’s integrated cybersecurity services and highlight its role as a preferred partner in offensive security for complex environments.
Plurilock Security Inc. reported a record first quarter for fiscal 2025, with a 178% year-over-year increase in critical services revenue and a 28% rise in gross profit to $2.3 million. The company achieved significant growth in professional services and secured multiple high-profile contracts, including a CAD$1.4 million deal with the Canadian Federal Government. Despite a slight decrease in gross margin, Plurilock’s strategic focus on critical services and partnerships, such as with Forcepoint, positions it well to meet the growing demand for cybersecurity solutions.
Plurilock Security Inc. reported a transformative fiscal year 2024, with a 50% increase in gross profit and a 152% rise in critical services revenue. The company has adopted new accounting practices to better align with long-term contract nature, resulting in a reported revenue of $59 million, flat year-over-year. However, the contracted backlog more than doubled to $56.7 million, indicating improved revenue visibility and a strategic shift towards higher-value, recurring revenue streams. This positions Plurilock for continued growth and margin expansion, reinforcing its focus on software and services over hardware.