Plurilock Sec Stock Price, News & Analysis

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.

Plurilock Security (PLCKF) reported strong Q1 2025 financial results with total revenue of $19.04M, up from $12.84M in Q1 2024. The company saw significant growth in Critical Services revenue, up 178% year-over-year, and a 28% increase in gross profit to $2.3M. Revenue breakdown included hardware/systems sales at $2.72M (14.3%), software/license/maintenance at $12.41M (65.2%), and professional services at $3.91M (20.6%). Gross margin was 12.2%, down from 14.2% in Q1 2024. The company secured multiple high-profile contracts, including a US$800K services contract with a U.S. hospital and a CAD$1.4M contract with the Canadian Federal Government. Plurilock also completed an over-subscribed Special Warrant Offering raising $4.98M and generated $1.86M from warrant exercises. Cash position improved to $2.66M with an additional $7.8M in unused credit facilities.

Plurilock Security reported its fiscal 2024 financial results, showing significant improvements in profitability metrics despite flat revenue. Total revenue was $59.1 million, comparable to 2023's $59.4 million. Notable achievements include a 50% increase in gross profit to $7.8 million and gross margin improvement to 13.1% from 8.5% year-over-year. The company's Critical Services division grew by 152%, while contracted backlog more than doubled to $56.7 million. The company implemented new accounting practices, shifting focus to recognizing software and services revenue over time. Revenue mix showed positive trends with software and maintenance sales accounting for 70.5% of total revenue, while hardware sales decreased to 14.8%. Adjusted EBITDA improved to -$3.6 million from -$4.2 million in 2023. The company secured several major contracts, including a US$19.3 million deal with an S&P 500 semiconductor company.

Plurilock Security (PLCKF) has provided a corporate update highlighting its strategic progression in the cybersecurity sector. The company is executing a measured shift toward software-driven engagements and commercial business segments to support long-term margin improvement.

The company reports steady engagement with technology and channel partners across government and enterprise channels. According to their Q3 2024 financial statements, gross margins have improved as Plurilock scales its Critical Services business and identifies software-led opportunities.

CEO Ian L. Paterson emphasizes that cybersecurity remains a core requirement, not a discretionary expense. The company's position is strengthened by ongoing regulatory developments, an expanding cyber threat landscape, and increasing adoption of zero trust frameworks. Plurilock maintains stable operations supported by consistent client activity, pipeline strength, and efficient delivery of cybersecurity services.

Plurilock Security (TSXV: PLUR) (OTCQB: PLCKF) has announced its participation in two major events: the Planet MicroCap Showcase: VEGAS 2025 and RSAC™ 2025 conference. CEO Ian L. Paterson will present at the Planet MicroCap event on April 23, 2025, at 10:00am PT, followed by 1x1 investor meetings on April 24.

The company recently secured C$5.9 million in U.S. and Canadian government contracts this month. Plurilock focuses on addressing the critical shortage of cybersecurity professionals for governments and enterprises, offering Critical Services and high-margin solutions for data and security regulations.

The executive team will also attend RSAC™ 2025, a premier cybersecurity industry event, from April 28 to May 1 at the Moscone Center in San Francisco, aiming to enhance business development and brand visibility.

Plurilock Security (OTCQB: PLCKF) has secured $5.9 million in new contracts between March 14-31, 2025, demonstrating strong momentum in the public sector. The company landed significant multi-year agreements with U.S. and Canadian government agencies.

Key contract highlights include:

• Defense Information Systems Agency (DISA): $3.4M over 5 years for email solutions
• U.S. Navy: $149,300 for maintenance services
• U.S. Department of Energy: $271,300 for network infrastructure
• Health Canada: $1.4M over 3 years for VMWare solutions
• Additional Canadian contracts: $579,000 over 3 years for VMWare solutions and $150,000 for Critical Services

The company expects expenses and gross margins from these contracts to align with its historical Solutions Division hardware and system sales business, with delivery and fulfillment beginning in Q1 2025.

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) has announced a strategic partnership with Forcepoint, a global data security leader serving over 12,000 organizations across 150+ countries. The collaboration aims to expand cybersecurity capabilities in North America.

Through this partnership, Plurilock will leverage Forcepoint's Data Security Everywhere platform, which integrates AI Mesh technology for real-time data protection. The collaboration has already yielded direct referrals and closed business, with Plurilock joining Forcepoint's tiered Partner Program.

Key benefits include:

• Enhanced service offerings combining Plurilock's Critical Services with Forcepoint's unified security platform
• Access to Forcepoint's extensive customer network
• Deal registration, renewal protection, and performance incentives
• Joint marketing initiatives and technical training opportunities