Bullboard - Stock Discussion Forum Sekur Private Data Ltd C.SKUR

Alternate Symbol(s): SWISF

Sekur Private Data Ltd. is a cybersecurity and Internet privacy provider of Swiss hosted solutions for secure and private communications. The Company distributes a suite of encrypted e-mails, secure messengers, and secure communication tools. Its software solutions offerings include SekurMessenger, SekurMail, and SekurVPN. Its SekurMail is part of a bundle of email, messaging, and file transfer... see more

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Sekur Private Data Ltd > wanted to share a few key highlights

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Post by sdhaka on Jul 26, 2024 4:24pm

wanted to share a few key highlights

Hey everyone,

I've been reviewing Sekur Private Data Ltd. and wanted to share a few key highlights:

- Revenue Growth: 2023 revenue increased by 27% YoY, but Q1-2024 revenue missed estimates by 10% due to reduced marketing.

- Profitability: EBITDA and EPS are still negative but improving. Management aims for profitability by 2025, though the report suggests it might be 2026. Can they achieve this with planned expense cuts?

- Customer Acquisition Costs (CAC): CAC significantly dropped from US$85 in Q2-2023 to US$25 in Q1-2024 due to in-house SEO and reseller efforts.

- Market Focus: Sekur is expanding from individual users to SMBs and plans to target large enterprises in H2-2024.

Report i used for reference: https://www.researchfrc.com/content/reports/post/116/gaining-traction-amid-rising-cyber-threats-and-stringent-data-privacy-regulations

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