Taking a look at Plurilock's (TSXV: PLUR) most recent sales figures, the company is currently on track to reach $15.84M in revenue if it can keep its contract acquisition pace up.
The company has been utilizing the opportunities offered by the SEWP V program and has secured multiple US Government and military contracts for its zero-trust cybersecurity solutions. Additionally, the company has been executing its strategy of leveraging its acquisitions to cross-sell its high-margin proprietary products.
If we look at the average price-to-earnings ratio of 12.44 for software companies in the System and Application sector, these speculative sales projections could have $PLUR.v trading at a valuation of $197M. Even at the more conservative P/E ratio of 3.31 for the tech sector, $PLUR.v could be valued at as much as $52.43M.
At a current valuation of $18.59M, these figures show that $PLUR.v is on track to see some big growth. I don’t really feel like calculating the projected stock price based on these speculative valuations at the moment, but I will do so in the next couple of days.
$PLUR.v is currently trading at $.26.
https://ceo.ca/@newsfile/plurilock-secures-plurilock-defend-order-with-california-based