Plurilock Sec Stock Price, News & Analysis

Plurilock Security (OTCQB: PLCKF) has announced the completion of efficiency initiatives expected to generate $2.7 million in annual cost savings. The cybersecurity services provider has implemented corporate streamlining measures following the divestiture of its CloudCodes business.

The company is adopting an AI-first approach in select departments and leveraging global talent in offshore delivery centers to improve efficiency. These measures, effective September 1, 2025, aim to reduce operating expenses, strengthen the balance sheet, and accelerate profitability while maintaining focus on its higher-margin Critical Services business.

Plurilock Security Inc. (OTCQB: PLCKF) has completed the sale of its CloudCodes assets to Scope Technologies Corp. for a total consideration of $1.78 million, comprising both cash and Scope common shares. The transaction, initially announced on August 20, 2025, includes the sale of Plurilock Security Private Limited and related CloudCodes business assets.

As part of the deal, Plurilock issued 200,000 common shares at $0.20 per share to Canaccord Genuity Corp. as a $40,000 advisory fee. The strategic divestiture aligns with Plurilock's focus on Critical Services and its commitment to serving enterprise, defense, and public sector clients in North America and allied markets.

Plurilock Security (OTCQB:PLCKF) has announced the sale of its CloudCodes business assets to Scope Technologies for total considerations of $1.78 million. The transaction includes $100,000 in cash and 4.2 million common shares of Scope Technologies.

The deal involves the sale of Plurilock Security Private Limited subsidiary and related CloudCodes assets, marking Plurilock's strategic shift from SME markets to focus on large enterprises, government, and Fortune 500 clients. The transaction is expected to close around September 15, 2025, subject to regulatory approvals.

Canaccord Genuity Corp. will receive an advisory fee of $40,000 in Plurilock common shares for the transaction.

Plurilock Security (OTCQB:PLCKF), a global cybersecurity provider, reported Q2 2025 financial results with total revenue of $16.4M, up from $14.3M in Q2 2024. The company saw a 159% increase in Critical Services revenue year-over-year and a 42% improvement in Adjusted EBITDA loss.

Revenue breakdown shows software and maintenance sales at $10.8M (65.7%), professional services at $4.3M (26%), and hardware sales at $1.4M (8.2%). Gross margin decreased to 12% from 14.7% due to a one-time lower-margin resale order. The company maintains $1.7M in cash with an additional $8.5M in unused credit facilities.

Management focuses on higher-margin offerings and expansion into NATO and Middle East markets, leveraging existing relationships with Canadian and U.S. federal clients.

Plurilock Security (OTCQB:PLCKF), a global cybersecurity services provider, has scheduled the release of its Q2 2025 financial results for Tuesday, August 19, 2025, after market close. The results will cover the three and six months ended June 30, 2025.

The company will host a live webinar on Wednesday, August 20, 2025, at 11:00 AM ET (8:00 AM PT), where CEO Ian L. Paterson and CFO Scott Meyers will present the results, provide company updates, and conduct a Q&A session. A recording and supporting materials will be available on the company's investor relations website after the event.

Plurilock Security (OTCQB: PLCKF) has achieved certification as a Forcepoint Services Partner, expanding its role in providing managed cybersecurity solutions. The partnership enables Plurilock to offer integrated Critical Services to Forcepoint customers, including implementation, policy tuning, hosting, and fully managed services for Forcepoint's AI-powered data security platform.

The collaboration is already generating leads across enterprise and public sector accounts. Plurilock's certified services encompass Data Loss Prevention (DLP), Data Security Posture Management (DSPM), and Enterprise Security Posture Management (ESPM), all integrated into their Data Protection as a Service (DPaaS) platform.

Plurilock Security (OTCQB: PLCKF) has secured a significant $2.54 million CAD ($1.85 million USD) multi-year contract with a NASDAQ-listed enterprise. The 3-year agreement focuses on implementing AI-native cybersecurity solutions after discovering high-risk misconfigurations in the client's email security systems.

The company's Critical Services team will deploy a behavioral AI email security platform to combat phishing threats and reduce operational strain. The contract, which began fulfillment in Q2 2025, aligns with Plurilock's strategic shift toward recurring, higher-margin software and service engagements in the U.S. commercial market.

Plurilock Security (OTCQB:PLCKF) held its Annual General Meeting on June 25, 2025, where shareholders approved all proposed resolutions. The meeting saw 7,659,297 common shares represented, accounting for 9.75% of the company's outstanding shares.

All five director nominees were successfully elected with strong approval rates ranging from 87.095% to 99.713%. Shareholders also approved the re-appointment of MNP LLP as auditor, amendments to the Omnibus Incentive Plan, and ratification of the Company's Articles.

Plurilock Security (PLCKF) has secured new contracts worth $1.3M CAD from April to May 2025, strengthening its position in cybersecurity solutions. The deals include a $270,484 annual penetration testing agreement with a U.S. advertising company and two contract extensions with a NASDAQ-listed semiconductor manufacturer: $264,321 for SIEM services and $784,904 for SOC analyst support. These Critical Services engagements, delivered in partnership with CrowdStrike and Abnormal Security, showcase Plurilock's comprehensive security capabilities. The company's Critical Services business demonstrated strong growth with a 178% year-over-year increase in 2025, contributing to multi-year revenue visibility and recurring revenue streams.