Plurilock Security Inc (TSE:PLUR)
:PLUR
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Plurilock Security Inc
(PLUR)
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Rating:45Neutral
Price Target:
C$0.18
▼(-12.00% Downside)
Action:ReiteratedDate:01/04/26
The score is held down primarily by weak financial performance (ongoing losses, negative equity, and continued cash burn), which outweighs the benefit of the strong TTM revenue rebound and reduced debt. Technicals are relatively neutral with mild oversold indications, offering some near-term stabilization, while valuation provides limited support due to negative earnings and no dividend data.
Positive Factors
Revenue Growth
The company is experiencing positive revenue growth, indicating increasing demand for its cybersecurity solutions, which is a positive sign for long-term business expansion.
Negative Factors
Net Losses
Persistent net losses indicate ongoing profitability challenges, which could hinder the company's ability to invest in growth and innovation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The company is experiencing positive revenue growth, indicating increasing demand for its cybersecurity solutions, which is a positive sign for long-term business expansion.
Read all positive factors
Plurilock Security Inc (PLUR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.66M
Dividend YieldN/A
Average Volume (3M)117.37K
Price to Earnings (P/E)―
Beta (1Y)2.77
Revenue Growth17.18%
EPS Growth79.56%
CountryCA
Employees58
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.01
Shares Outstanding78,726,870
10 Day Avg. Volume159,855
30 Day Avg. Volume117,372
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-3.29
Price to Sales (P/S)0.29
P/FCF Ratio-2.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Plurilock Security Inc Business Overview & Revenue Model
Company Description
Plurilock Security Inc. operates an identity-centric cybersecurity company in the United States and Canada. It operates in two divisions, Technology and Solutions. The company offers Plurilock DEFEND, an enterprise continuous authentication platfo...
How the Company Makes Money
Plurilock generates revenue through a subscription-based model for its software solutions, offering various tiers of service that cater to different organizational needs. Key revenue streams include licensing fees for its identity verification and...
Plurilock Security Inc Earnings Call Summary
Earnings Call Date:Nov 26, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong growth and strategic successes, particularly in the expansion of critical services and professional services. However, there were notable financial challenges, including a decline in total revenue and increased cash usage, which tempered the positive achievements.Positive Updates
Significant Revenue Opportunity with S&P 500 Company
Over a seven-month period, Plurilock announced approximately $22 million in sales with a single S&P 500 client, including $7 million in cost savings and avoidance.
Negative Updates
Decline in Total Revenue
Total revenue for Q3 2024 was $14,328,564, a decrease from $20,000,867 in Q3 2023, due to the timing of large orders.
Read all updates
Q3-2024 Updates
Positive
Negative
Significant Revenue Opportunity with S&P 500 Company
Over a seven-month period, Plurilock announced approximately $22 million in sales with a single S&P 500 client, including $7 million in cost savings and avoidance.
Read all positive updates
Company Guidance
During the Plurilock Security's Q3 2024 earnings call, the executives provided detailed guidance on the company's financial performance and strategic direction. The company reported total revenue of $14.3 million for the quarter, with a year-to-date total of $38.5 million, demonstrating a decline compared to the previous year due to timing issues with large orders. Despite this, there was a notable increase in Professional Services revenue, which expanded by 40% year-over-year for the quarter. Plurilock emphasized its focus on higher-margin Critical Services, which accounted for a significant portion of its strategic shift, highlighting successful engagements, such as a $22 million deal with an S&P 500 company. The company's gross margin for Q3 was 6.8%, with a year-to-date margin of 14.2%, showing a year-over-year improvement. Adjusted EBITDA was reported as negative $2.1 million for the quarter. The executives also discussed their strategy to enhance profitability by focusing on high-margin sales and operational efficiency, expecting a stronger financial performance in Q4. However, they did not provide specific guidance for 2025 but reiterated the potential for increased revenue and gross margin compared to 2023.Plurilock Security Inc Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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
Negative
0.20
Price Trends
0.16
Negative
0.18
Negative
0.20
Negative
Market Momentum
-0.01
Negative
37.42
Neutral
15.38
Positive
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 above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.16, and above the 200-day MA of 0.20, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 37.42 is Neutral, neither overbought nor oversold. The STOCH value of 15.38 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$2.76B | 43.05 | 3.01% | ― | -9.05% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | C$9.82M | -29.38 | -21.69% | ― | -69.94% | -281.40% | |
46 Neutral | C$46.41M | -2.67 | 499.39% | ― | -24.81% | -131.85% | |
45 Neutral | C$8.66M | -3.84 | 286.87% | ― | 17.18% | 79.56% | |
45 Neutral | C$25.77M | -8.65 | -46.29% | ― | -5.76% | 43.07% | |
43 Neutral | C$40.85M | -10.77 | 148.75% | ― | ― | ― |
* Technology Sector Average
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Plurilock Security Inc
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Plurilock Security Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Plurilock Pays Debenture Interest in Shares to Preserve Cash
Negative
Jan 1, 2026
Plurilock Security Inc. has issued 312,188 common shares at a price of $0.2042 per share to satisfy $63,750 in interest owed on its outstanding 10% unsecured convertible debentures, comprising September 2022 and October 2025 issuances totaling $3....
Business Operations and StrategyProduct-Related Announcements
Plurilock Secures $2.4 Million Cybersecurity Licensing Agreement with Global Semiconductor Leader
Positive
Dec 17, 2025
Plurilock Security Inc. has secured a $2.4 million two-year licensing agreement with a Nasdaq-listed semiconductor manufacturer to provide advanced insider-risk software through a strategic partner. This deal solidifies Plurilock’s position ...
Business Operations and StrategyExecutive/Board Changes
Plurilock Security Inc. Appoints Veera Singh as New CFO
Positive
Dec 6, 2025
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’...
Business Operations and Strategy
Plurilock Secures $1.2 Million Contract, Expands Services with Semiconductor Manufacturer
Positive
Dec 2, 2025
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 p...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Plurilock Security Inc. Reports Strong Q3 2025 Financial Performance
Positive
Nov 27, 2025
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 p...
Financial Disclosures
Plurilock to Announce Q3 2025 Financial Results and Host Webinar
Neutral
Nov 24, 2025
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 sta...
Business Operations and Strategy
Plurilock Secures $868,600 in Cybersecurity Contracts with Semiconductor Manufacturer
Positive
Nov 5, 2025
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 part...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.