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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 | 71.42M | 59.12M | 70.42M | 64.63M | 36.62M | 479.33K |
| Gross Profit | 7.89M | 7.76M | 5.85M | 4.98M | 2.48M | 400.79K |
| EBITDA | -9.19M | -10.12M | -7.68M | -7.87M | -5.97M | -4.54M |
| Net Income | -8.70M | -11.53M | -9.09M | -8.45M | -6.28M | -4.60M |
Balance Sheet | ||||||
| Total Assets | 22.36M | 34.47M | 27.14M | 23.61M | 18.48M | 2.23M |
| Cash, Cash Equivalents and Short-Term Investments | 3.16M | 1.40M | 1.92M | 2.71M | 9.47M | 1.72M |
| Total Debt | 1.40M | 2.75M | 5.88M | 6.68M | 201.72K | 46.86K |
| Total Liabilities | 25.87M | 39.61M | 31.47M | 20.81M | 11.55M | 551.17K |
| Stockholders Equity | -3.51M | -5.14M | -4.34M | 2.80M | 6.93M | 1.68M |
Cash Flow | ||||||
| Free Cash Flow | -5.72M | -7.10M | -2.14M | -9.87M | -2.09M | -1.85M |
| Operating Cash Flow | -5.81M | -7.06M | -2.13M | -9.84M | -2.03M | -1.82M |
| Investing Cash Flow | -1.46K | -42.19K | -8.73K | -4.67M | -4.93K | -28.05K |
| Financing Cash Flow | 4.25M | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | C$16.53M | -1.67 | ― | ― | 17.18% | 79.56% | |
46 Neutral | C$12.98M | -11.28 | -24.65% | ― | -69.94% | -281.40% | |
44 Neutral | C$5.84M | -0.44 | ― | ― | -13.42% | -126.00% | |
30 Underperform | C$5.72M | -1.79 | ― | ― | -67.21% | ― | |
27 Underperform | C$4.27M | -3.20 | -79.05% | ― | ― | 0.75% |
Plurilock Security Inc Corporate Events
Plurilock Security Inc. has announced the promotion of Veera Singh to the position of Chief Financial Officer, effective January 9, 2026. Singh, who has been with the company for over four years, has played a significant role in the company’s growth and operational maturity. Her promotion reflects Plurilock’s commitment to nurturing internal talent and strengthening its finance organization as it expands in commercial and defense markets. The outgoing CFO, Scott Meyers, will leave the company to pursue other opportunities, with Plurilock ensuring no disruption to its operations or strategic initiatives.
Plurilock Security Inc. has secured a $1.2 million contract with a Nasdaq-listed semiconductor manufacturer, expanding its long-standing relationship. The contract includes a one-year licensing renewal for Data Loss Prevention and an eight-month professional services engagement for Security Operations Support, reinforcing Plurilock’s land-and-expand strategy and its role as a strategic cybersecurity partner in high-risk sectors.
Plurilock Security Inc. reported a significant 165% increase in critical services revenue year-over-year for Q3 2025, alongside an 11.5% improvement in adjusted EBITDA loss. The company’s financial results reflect a strategic shift towards professional services, which now account for a larger portion of total revenue, offsetting declines in hardware and systems sales. Recent operational highlights include a strategic investment, new leadership appointments, and significant contract wins, positioning Plurilock for continued growth and enhanced market presence in the cybersecurity industry.
Plurilock Security Inc. has announced that it will release its third quarter 2025 financial results on November 26, 2025, with a subsequent webinar hosted by its CEO and CFO on November 27, 2025. This announcement is significant as it provides stakeholders, including shareholders and analysts, an opportunity to gain insights into the company’s financial performance and strategic updates, potentially impacting its market positioning and stakeholder engagement.
Plurilock Security Inc. has secured follow-on contracts worth US$868,600 with a NASDAQ-listed semiconductor manufacturer to provide Security Operations Center services. These contracts enhance Plurilock’s role as a trusted cybersecurity partner and expand its presence in the semiconductor and high-tech manufacturing sectors, which are vulnerable to cyber threats. The agreements highlight Plurilock’s successful land-and-expand strategy, leveraging integrated technology partnerships to deliver improved security outcomes and foster long-term client relationships.
Plurilock Security Inc. has secured a US$624,000 contract to provide software and services to a major U.S. state law enforcement agency, marking a significant step in its ongoing relationship with the agency. This deal underscores Plurilock’s role in supporting the agency’s cybersecurity modernization efforts, potentially setting the stage for future collaborations and enhancing its position in the public safety sector.
Plurilock Security Inc. has successfully closed a $3 million strategic investment through a non-brokered private placement. The funds will be used to accelerate growth initiatives, expand the Critical Services business, and strengthen working capital. This move is expected to enhance Plurilock’s market position in the cybersecurity industry, particularly in high-stakes environments, and support its ongoing expansion efforts.
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.