Cyren (NASDAQ:CYRN) has been included in Forrester's Q3 2020 Now Tech report on Enterprise Email Security Providers. The report emphasizes the growing need for advanced email security solutions, particularly in combating phishing and business email compromise (BEC). Forrester introduces a new category of email security solutions, Cloud-native API-enabled email security (CAPES), where Cyren Inbox Security is recognized as a leading innovative solution. Deployed by clients like Technion, Cyren offers fast integration and automated detection of threats.
Cyren (NASDAQ:CYRN) reported its Q2 2020 financial results, revealing revenues of $9.2 million, a slight decrease from $9.7 million in Q2 2019. Despite a consistent net loss of $4.6 million, non-GAAP net loss improved to $3.8 million. Operating cash flow was positive at $2.5 million. The company launched new enterprise products and experienced early market traction. With a cash balance of $16.1 million as of June 30, 2020, management anticipates accelerating bookings as product sales execution matures.