Welcome to our dedicated page for Plurilock Sec news (Ticker: PLCKF), a resource for investors and traders seeking the latest updates and insights on Plurilock Sec stock.
Plurilock Security Inc. (PLCKF) delivers cutting-edge cybersecurity solutions to government agencies and global enterprises through AI-driven threat detection and adaptive cloud security frameworks. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives and market position.
Track all official announcements including federal contract awards, enterprise solution deployments, and technology partnerships. Our curated feed covers operational milestones across Plurilock's core services: critical infrastructure protection, Zero Trust implementations, and cybersecurity consulting through Aurora Systems.
Key updates include earnings reports detailing growth in cloud security adoption, executive commentary on emerging cyberthreats, and analysis of competitive positioning in the $200B+ cybersecurity market. Bookmark this page for consolidated access to Plurilock's regulatory filings, product launch details, and strategic expansion plans.
Plurilock Security has received TSX Venture Exchange approval to amend the terms of its unsecured convertible debentures issued in 2022. From May 27, 2024, to June 26, 2024, the conversion price of these debentures will be reduced from $2.00 to $0.25 per share. Debenture holders converting during this period will receive new warrants allowing them to purchase shares at $0.30 for one year. Additionally, Plurilock settled $218,552.50 of debt by issuing 1,092,762 units at $0.20 per unit. Each unit includes one common share and a warrant to buy an additional share at $0.25 in the first year or $0.40 in the second year. The company has also launched an investor relations campaign with Social Network Effect Communications, costing US$432,272, and clarified terms for its private placement finders' warrants.
Plurilock announced a CA$900,000 sale of edge and network security solutions to a key Canadian government agency, enhancing high-security networks. The company also engaged Investor Relations Service Providers to increase public awareness and investor relations.
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.
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