FULL DISCLOSURE: This is sponsored content for Plurilock.
Plurilock Security Inc. (TSXV: PLUR) has been gaining significant traction in the Canadian junior markets, with its stock price surging over 400% in recent months. In a recent interview, Plurilock’s Chairman Ali Hakimzadeh provided insights into the company’s deep value proposition and growth potential in the highly competitive cybersecurity sector.
Hakimzadeh emphasized the company’s strong financial fundamentals, noting that Plurilock generated over $70 million in revenue last year. “The financial fundamentals are strong and going in the right direction,” he stated, highlighting expanding gross margins and decreasing losses year-over-year.
The company operates in three main business lines: value-added reselling of cybersecurity products, consulting services, and software-as-a-service offerings. Hakimzadeh pointed out the potential for cross-selling opportunities within their impressive client base, which includes U.S. federal government agencies and Global 2000 companies.
READ: Joe Sexton: Enhancing Plurilock’s Vision with Decades of Experience
In a move to bolster its advisory capabilities, Plurilock recently announced two significant additions to its Advisory Council. Brian Cunningham, a former White House lawyer and senior cybersecurity advisor, brings extensive experience in national security and cybersecurity policy. His background includes roles at the Department of Homeland Security and advising the President on cybersecurity matters. Joining Cunningham is Joseph Sexton, a former board member of Crowdstrike Holdings (NASDAQ: CRWD). Sexton’s experience spans various leadership roles in the technology and cybersecurity sectors, including positions at Laconic and Menlo Security.
Plurilock will be hosting a business update webinar to discuss industry developments on Tuesday, July 23 at 1:00 PM ET / 10:00 AM PT. Registration for the webinar can be found here.
Commenting on these appointments, Hakimzadeh said, “Both these individuals bring a deep set of contacts and relationships that the company will be able to benefit from, and we intend to keep them busy in helping us grow our business.” These strategic additions to the Advisory Council are expected to provide Plurilock with valuable insights and connections in the cybersecurity industry, potentially opening doors to new opportunities and partnerships.
READ: Joe Sexton: Enhancing Plurilock’s Vision with Decades of Experience
Looking ahead, Hakimzadeh outlined several key areas for investors to watch. “Continued growth in our margin profile, continued trending towards even positive [earnings], potential acquisitions that will be accretive for us, and potential uplistings to more senior exchanges potentially down south,” he noted as important milestones. With its strong revenue base, expanding margins, and now enhanced advisory team, Plurilock appears well-positioned to capitalize on the growing demand for cybersecurity solutions in both the public and private sectors.
FULL DISCLOSURE: Plurilock Security is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Plurilock Security. The author has been compensated to cover Plurilock Security on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
