Plurilock Security Inc (PLUR) AI Stock Analysis

• Market Cap: C$15.31M
• Dividend Yield: N/A
• Average Volume (3M): 78.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.45
• Revenue Growth: 0.55%
• EPS Growth: 69.82%
• Country: CA
• Employees: 58
• Sector: Technology
• Sector Strength: 98
• Industry: Software - Infrastructure
• EPS (TTM): -0.04
• Shares Outstanding: 78,526,870
• 10 Day Avg. Volume: 129,733
• 30 Day Avg. Volume: 78,070
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: C$0.00 ▼(-100.00% Downside)

Plurilock Security Inc. is currently facing substantial financial difficulties, with negative profit margins and solvency issues being the most significant concerns. Technical analysis indicates bearish momentum, while its valuation is hampered by lack of profitability. However, recent corporate events, including strategic partnerships and contracts, provide a positive outlook and potential for improved market positioning and revenue growth.

Plurilock Security Inc Business Overview & Revenue Model

Company Description

Plurilock Security Inc (PLUR) is a cybersecurity company specializing in providing advanced identity-centric security solutions for enterprises. The company operates in the technology and cybersecurity sectors, offering products and services that help organizations protect their digital assets and ensure secure access to critical systems. Plurilock's core offerings include frictionless and continuous authentication solutions that leverage behavioral biometrics, artificial intelligence, and machine learning to verify user identities and prevent unauthorized access.

How the Company Makes Money

Plurilock Security Inc generates revenue primarily through the sale of its cybersecurity software solutions and services. The company's key revenue streams include subscription-based software licensing, where clients pay recurring fees for access to Plurilock's authentication and security platforms. Additionally, Plurilock offers professional services such as consulting, implementation, and support, which provide additional income. Strategic partnerships with technology providers and system integrators also play a significant role in expanding Plurilock's market reach and customer base, contributing to its revenue growth. The company's focus on developing innovative security technologies and maintaining strong client relationships further enhance its earnings potential.

Plurilock Security Inc Financial Statement Overview

Summary

Plurilock Security Inc faces significant financial challenges with negative equity, consistent net losses, and reliance on external financing. Despite a positive trend in revenue growth, the financial risks due to solvency and liquidity issues are substantial.

Income Statement

The income statement shows a concerning trend with consistent net losses and negative EBIT and EBITDA margins. Gross profit margin for the TTM (Trailing-Twelve-Months) is approximately 11.34%, but the company is struggling with profitability as evidenced by a net profit margin of -20.21%. Revenue growth from 2024 to TTM shows an increase of 12.62%, indicating some positive traction in revenue generation despite overall losses.

Balance Sheet

The balance sheet reveals significant challenges, with negative stockholders' equity in the TTM (Trailing-Twelve-Months), indicating potential solvency issues. The debt-to-equity ratio is not applicable due to negative equity, while the equity ratio is also inapplicable. This highlights financial instability and high leverage risks, as total liabilities exceed total assets.

Cash Flow

Cash flow statements reflect negative free cash flow growth and negative operating cash flow, indicating liquidity challenges. The operating cash flow to net income ratio is less than 1, suggesting operational cash is insufficient to cover net losses. Financing activities have been a primary source of cash, likely to support ongoing operational needs.

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

• Technical Analysis Sentiment: Negative
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLUR, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.23, and below the 200-day MA of 0.32, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.62 is Neutral, neither overbought nor oversold. The STOCH value of 43.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PLUR.

Plurilock Security Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	C$3.51B	2.16	-5.03%	7.62%	12.24%	-7.27%
PLUR	47 Neutral	C$15.31M	―	-1525.80%	―	0.55%	69.82%
NBVA	45 Neutral	C$5.26M	150.00	0.79%	―	-74.44%	―
MTLO	38 Underperform	C$5.84M	―		―	-7.88%	13.33%
IP	30 Underperform	C$10.01M	―		―	-67.21%	―
VENZ	27 Underperform	C$4.27M	―	-1003.70%	―	―	-24.90%

Plurilock Security Inc Corporate Events

Plurilock Becomes Certified Services Partner for Forcepoint

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 Secures $2.54 Million CAD AI Cybersecurity Contract

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. Reports Successful Annual General Meeting Outcomes

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 Secures $1.3M in New U.S. Contracts, Strengthening Market Position

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. Achieves Record Q1 Fiscal 2025 Results

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.