Hub Cyber Security Israel Ltd Stock Price, News & Analysis

HUB Cyber Security (HUBC) has secured a significant multi-year agreement with Kyrrex and a crypto merchant vendor, expected to generate $25M in annual recurring revenue starting July 1, 2025. The contract involves providing Perpetual KYC (PKYC) and compliance services for 1.2-1.5 million customer entities as part of Kyrrex's planned merger. HUB's AI-driven PKYC solution will offer continuous monitoring, automated risk scoring, and regulatory intelligence. The agreement includes HUB-led Regulatory Readiness Sprints, implementation of a Unified KYC Secured Fabric, and Horizon Scanning-as-a-Service to ensure compliance with MiCA, FinCEN, and FATF requirements. This strategic partnership positions HUB as a key player in crypto compliance technology while adding a high-margin recurring revenue stream to its portfolio.

HUB Cyber Security (HUBC) has appointed Paul Parisi as its new Global Chief Revenue Officer, marking a strategic move to accelerate North American expansion and institutional market presence. Parisi brings over 25 years of experience in scaling commercial organizations, having previously served as President of PayPal Canada where he doubled transaction volumes, and held senior leadership positions at American Express and Silicon Valley Bank. In his new role, Parisi will spearhead HUB's global revenue strategy with emphasis on North America, focusing on enterprise sales frameworks, partner ecosystems, and customer success infrastructure development. The appointment aligns with HUB's strategy to strengthen its position in serving Fortune 1000 clients, sovereign entities, and financial institutions.

HUB Cyber Security (NASDAQ: HUBC) has achieved full compliance with Nasdaq Capital Market listing requirements, specifically meeting both the minimum bid price and market value of listed securities (MVLS) thresholds under Rules 5550(a)(5) and 5550(b)(2). The Nasdaq Hearings Panel has confirmed HUB's compliance with all listing standards exceptions. This achievement follows the company's strategic restructuring efforts and improved financial performance. HUB has been expanding its commercial presence, particularly in banking, government, and digital asset sectors, while introducing new AI-powered and quantum-resilient infrastructure solutions. The company continues to secure multi-year agreements with financial institutions and sovereign entities, strengthening its position in North America and Europe as a provider of critical security infrastructure.

HUB Cyber Security (NASDAQ: HUBC) has secured new customer contracts worth over $1.5 million in Q1 2025, expanding its presence in regulated sectors including healthcare, financial services, and digital infrastructure. The company's core platform, Secured Data Fabric (SDF), provides zero-trust environments, encrypted data layers, and AI-driven compliance capabilities.

HUB reported that over 60% of its FY2024 revenue came from recurring contracts in financial services and critical infrastructure. The company is actively deploying solutions across North America and Europe, focusing on building long-term relationships with organizations requiring enhanced data protection and regulatory compliance.

HUB Security (HUBC) reported its H2 2024 financial results, showing strategic transformation progress. Revenue decreased to $13.8M from $17.6M in H2 2023 due to deliberate exit from lower-margin segments. However, gross margin improved significantly to 25.6% from 15.4% year-over-year. Operating expenses reduced by 29% to $14.7M, and operating loss improved by 38%. The company secured a €20M contract with San Marino's Cassa di Risparmio and implemented its Secured Data Fabric solution for a major European bank managing €900B in assets. HUB resolved $17M in legacy liabilities, completed a reverse stock split to maintain Nasdaq compliance, and strengthened its leadership team with key appointments. The company's focus remains on its Secured Data Fabric platform, serving regulated industries with data security and compliance solutions.

HUB Cyber Security (NASDAQ: HUBC) has appointed Shlomo Bibas as an Independent Member of its Board of Directors, effective immediately. Bibas will serve on various board committees and chair the Compensation Committee.

Bringing over two decades of leadership experience in technology, cybersecurity, and corporate governance, Bibas currently serves as Senior Vice President of Operations and CTO at the Woodbridge Group. His previous roles include CIO at Celestica, a technology company with $9+ billion annual revenues, and SVP of Global Operations and CIO at Apotex. He began his career at Accenture, becoming a Partner in Systems Integration and High Technology practice in 2006.

The appointment aligns with HUB's global expansion strategy and commitment to enhancing corporate governance. CEO Noah Hershcoviz emphasized Bibas's experience in high-technology and market dynamics as important for delivering long-term shareholder value.

HUB Cyber Security (NASDAQ: HUBC) has appointed John Rogers as President of the Americas Region to spearhead its U.S. market expansion. The company plans to establish its U.S. headquarters this summer as part of its broader growth strategy across North America and the Americas.

Rogers brings 30 years of leadership experience in public policy, national security, and business strategy. His previous roles include Deputy Assistant Secretary of Defense, co-founder and CEO of Capstone National Partners, CEO of MV Transportation, and founder of RL Leaders. In his new position, Rogers will focus on engaging stakeholders across government agencies, financial institutions, enterprises, and municipalities to deliver HUB's confidential computing and data security solutions.

The appointment follows HUB's recent selection by Cassa di Risparmio, San Marino's oldest bank, with the company targeting multiple U.S. bank partnerships over the next 12-18 months. The expansion aims to strengthen HUB's market presence in delivering secured data fabric, confidential computing, and cybersecurity solutions across the Americas region.

HUB Cyber Security (NASDAQ: HUBC) has secured a €20 million contract with Cassa di Risparmio della Repubblica di San Marino S.p.A. to lead a comprehensive digital banking modernization project. The initiative, expected to be implemented by the end of 2025, includes:

• Core technology ecosystem transformation
• Regulatory compliance enhancement
• Advanced cybersecurity implementation
• Data center modernization
• Complete overhaul of core, mobile, and online banking platforms

The project, which remains subject to regulatory approvals and definitive agreement, will utilize HUB's secure, on-premise infrastructure model and secured data fabric solution. The selection was based on the solution's alignment with San Marino's regulatory requirements and its cost-effective, OPEX-driven financial approach.

Hub Cyber Security (HUBC) has announced a 1-for-10 reverse share split of its ordinary shares, effective March 28, 2025. Trading on the adjusted basis will begin on Nasdaq on March 31, 2025, under the same symbol 'HUBC' but with a new CUSIP number M6000J168.

The split will convert every 10 outstanding ordinary shares into one share, with fractional shares rounded down. The company's warrants (HUBCW and HUBCZ) will continue trading with unchanged CUSIP numbers. The split will also affect derivative securities, including notes, options, warrants, and restricted share units, with adjustments to maintain economic equivalence.

This strategic move aims to increase the per-share trading price and help HUBC regain compliance with Nasdaq's minimum bid price requirement under Listing Rule 5450(a)(1).