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Plurilock Security Inc (PLUR)

TSXV
Currency in CAD
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0.46
-0.01(-3.19%)
Delayed Data

PLUR Comments

Interesting moves by Plurilock this month, $2.5M in purchase orders, opening the private placement to help with further growth, and the order from Agents Only. Definitely strong fundamental growth considering the low revenue/price ratio.
Aurora Systems, wholly-owned Plurilock subsidiary reports US$1.41M in purchase orders from April 2022 bringing Plurilock’s combined disclosed sales total in 2022 to US$6.7M. Consistent updates are painting a solid narrative that they are advancing their goals as leaders in this space securing contracts across key industry verticals.
Following the solid news that Plurilock subsidiary Aurora Systems won a US$284K purchase order from the US Navy, Plurilock announces the appointment of a 15+ year cybersecurity veteran, Brandon Swafford to its advisory board. Look up the full announcement online for more details of his strong fit.
Plurilock receives another major award recognizing their newly updated v5.6.1 Plurilock DEFEND - winning the award for the “Hot Security Technology of the Year” at the 18th annual Cyber Security Global Excellence Awards. This is another great win for the company, being recognized as industry leaders. This bodes well for Plurilock when global cybercrime costs are estimated to grow by 15% annually over the next 5 years.
Plurilock announces their Spring ‘22 product update. Overall this product releases focuses on their Zero Trust key insider threat capabilities including additional BYOD/VPN features, enhancing policy alerts, streamlining administrative console changes and QoL features enabling efficient enterprise deployment and use. Look up the full release with additional details online
Plurilock provides a corporate update and growth strategy outlook for 2022. Generating US$1.6M+ in sales in 2022, with a strong and growing distribution network aligned to their strategic goal of securing contracts across key industry verticals. This latest update provides strong KPIs as it pertains to their attractive high margins and key products (including ADAPT and DEFEND).
Following this announcement receiving a purchase order of $304K from a California state utility organization, Plurilock now has a sales tally (in 2022 alone) of US$1.16M! This bodes well for their strong alignment to their strategic goal securing contracts across key industry verticals. Other contracts this year include the US Department of Defense, US Navy, US Department of Interior and the FBI.
Sharing a solid video about Plurilock - the identity-centric cybersecurity solutions provider. They’ve recently made headlines with several high-profile US National defense contracts - as of Jan 1, 2022 - they’ve raked in a combined total of US$547,000 in sales with the US Department of Defense, US Navy, US Department of Interior and the FBI. Back in September 2021, they won the award for “Authentication Solution of the Year” at the 2021 Cybersecurity Breakthrough Awards. This recognizes their cutting-edge DEFEND continuous authentication product. Learn more about $PLUR’s behavioral biometrics verification. Search for the video titled: AGORACOM Small Cap 60: Plurilock Behavioural Biometrics Verifies Patterns of Behaviour Over Time
Plurilock CEO, Ian Paterson is presenting “Identity without Frustration - the Cutting Edge of Cybersecurity” in the FinTech Crypto Workshops at the 32nd annual World Outlook Conference. The event is on 2/5 at 11:20AM PT. If you’re unwilling to shell out the $250 price of admission for an educational investment you can check out this recent interview with Ian Patterson hosted on Equity Guru’s channel:Plurilock Security (PLUR.V) - First Glance with Jody Vance (E86)
Plurilock CEO, Ian Paterson is presenting 'Identity without Frustration - the Cutting Edge of Cybersecurity' at the 32nd annual World Outlook Conference. Significant platform for $PLUR to deliver its cutting-edge zero-trust tech and the future of cybersecurity. 2/5/22 at 11:20AM PT
Ahead of an impressive new patent titled “Forensics Analysis for Malicious Insider Attack Attribution based on Activity Monitoring and Behaviors Biometrics Profiling.” Plurilock subsidiary Aurora announces a US$239,000 order of cybersecurity hardware and maintenance support from the US Navy. As of January 1 ,2022 - Plurilock subsidiaries have already raked in a combined total of US$547,000 in sales.
Plurilock seriously moating up against competitors in the unmet needs addressing the increased concerns around insider threats. According to Bitglass, 61% of companies experienced an insider attack in 2020. $PLUR just announced the submission of a non-provisional US patent titled “Forensics Analysis for Malicious Insider Attack Attribution based on Activity Monitoring and Behaviors Biometrics Profiling.” This patent is noteworthy as there are clearly unmet needs where existing tools provide little to no information on the execution of the attack or the attacker’s identity.
Plurilock is effectively tapping into the $345.4B cybersecurity market. Recently they announced a US$308K order from the US Department of Defense, and there’s a new interview with $PLUR CEO, Ian Paterson discussing how they racked up $23.9M revenues through Q1-Q3. This play can easily see $1. look up the video on YouTube by searching: Plurilock Racks Up $23.9M Revenues Q1-Q3 With Cybersecurity Built On Behavioral Tracking
Plurilock hitting with a double shot of solid news this week. First, Plurilock subsidiary Aurora announces a US$308,000 order from the US Department of Defense. This order is a signal of trends to come, “The average cost of a data breach increased from $3.86 million to $4.24 million in 2021, underscoring the importance of working with experienced cybersecurity and information technology (IT) services vendors in implementing strong security measures.”Noteworthy piece of news further solidifying its strong position for further, potentially exponential, growth in 2022. This message and the company’s value will be heightened through their new media marketing partnership with Agora media with the first installment payment announced late Wednesday night.
Plurilock announced its subsidiary Aurora received a US$308,000 order from the US Department of Defense. Noteworthy piece of news that further solidifies its strong position for further, potentially exponential, growth in 2022. “The average cost of a data breach increased from $3.86 million to $4.24 million in 2021, underscoring the importance of working with experienced cybersecurity and information technology (IT) services vendors in implementing strong security measures.”
PLUR hit my radar as a promising cybersecurity SaaS. Impressive as an earlier stage software developer in a great sector with tremendous growth prospects. Highlights for me include: Strong management, good capital structure (Shares OS, B/S), & solid cash management with growth in M&A. They recently posted a year in review - definitely worth a check.
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