Plurilock Security Inc V.PLUR

Q results out

[jakethesnake2]

https://stockhouse.com/news/press-releases/2021/08/27/plurilock-security-inc-reports-fiscal-2021-second-quarter-financial-results

[lscfa]

Makes me think all the recent contract announcements were for hardware sales (very low margin) and NOT software subscriptions (very high margin).   

[lscfa]

5% gross margin for Aurora.... March 29, 2021 - Key highlights of Aurora: Revenue of $28.1-million (U.S.) ($35.8-million (Canadian)) in 2020; Gross margin of $1.4-million (U.S.) in 2020; Diversified client base consisting of over 140 Tier 1 organizations; Numerous prominent master service agreements with state and federal agencies in the United States.

[melow]

These results are already kind of meaningless because of all the contracts they signed in July and August and probably more in September.. 3rd quarter will be a better indicator of results IMHO

[1student]

Hello melow. I concur with your assesment of the most recent PLUR financials. I am waiting for the 3rd quarter financial report to, as you've so correctly emphasized, provide much more accurate assesment as to what we can expect going forward into the fourth quarter annual financial result. Year over year numbers will be, I am relatively certain, comparatively much improved and serve to

[melow]

1student, thanks for your thorough assessment of what is and could become of PLUR's future. They have a unique tech. and astute and influential board members that have taken them far in a very short time from when they went public. I totally believe they will become well known in the cybersecurity space if not already. In a multi billion dollar indusrty which is getting a lot of attention

[1student]

Hello melow. I expected we would agree, thank you. I'll reiterate the following though. I fully expect that within the next series of contract wins will be one particular contract which will, in a sense, serve to 'trigger' a proposed offer to be taken over; so as to have Plurilock's core proficiencies inextricably incorporated into a suite of existing technological pipeline

[9th0]

Booz Allen

[happygolucky1]

Nothing wrong with enthusiasm as long as you are not betting the farm on it! 98%+ of the revenue is coming from reselling 3rd party hardware and software at a 6% gross margin and 1% net. The business is worth $1M on a good day which is what Plur paid for it.  The logic was that this new salesforce would help them sell their own services. Will see if that happens but so far it doesn't look

[lscfa]

Considering Aurora averaged $8.75 million Cdn per qtr last year, the revenue has actually declined!  See image....