Welcome to our dedicated news page for PLURILOCK SEC (Ticker: PLCKF), a resource for investors and traders seeking the latest updates and insights on PLURILOCK SEC.
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Plurilock Security Inc. reports fiscal 2023 financial results, showing total revenue of $70.4 million, a 9% increase year-over-year. Gross margins improved to 8.3% from 7.7%. The Company focused on cash flow breakeven by expanding Plurilock Critical Services, achieving cost savings of $494k. Annual highlights include significant contracts with government agencies and commercial clients. The growth outlook for 2024 includes further operational efficiencies and savings of $2.0 million annually. Plurilock made strategic appointments to the board and announced plans for a share consolidation and financing to raise $4,500,000.
Plurilock Security Inc. (TSXV: PLUR) has successfully closed private placement financings totaling $5.5 million, issuing 22,500,000 units at $0.20 per unit and 4,444,443 units at $0.225. The funds will support the company's Business Transformation Plan and capital reorganization, focusing on reducing payables, working capital for marketing, and product development.
