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Plurilock Security Inc. Reports Second Quarter Fiscal 2025 Financial Results
Management will host a conference call on Wednesday, August 20, 2025, at 11am ET 159% increas...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Security Inc. Reports Second Quarter Fiscal 2025 Financial ResultsManagement will host a conference call on Wednesday, August 20, 2025, at 11am ET159% increase in Critical Services revenue year-over-year42% improvement in Adjusted EBITDA loss year-over-yearSecond half to benefit from seasonal budget flows and ongoing strategic initiativesVancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (\"Plurilock\" or the \"Company\"), a global cybersecurity services and solutions provider, announces its financial results for the three and six-months ended June 30, 2025 (\"Q2 2025\"). All dollar figures are stated in Canadian dollars, unless otherwise indicated.\"In Q2, we continued to grow our Critical Services business,\" said Ian L. Paterson, CEO of Plurilock. \"While a one-time, lower-margin resale order impacted overall margins this quarter, our strategy of margin expansion, led by Critical Services, remains strong. Recent meetings with top cybersecurity leaders and officials in Ottawa, Brussels, and at Black Hat reinforce our credibility and underscore the unprecedented levels of allied government investment in cyber and defense, areas where Plurilock is uniquely positioned to capture a meaningful share.\"Q2 2025 Financial HighlightsTotal revenue for the three and six months ended June 30, 2025, was $16,404,963 and $35,445,577 as compared to $14,305,546 and $27,140,854 for the three and six months ended June 30, 2024. Revenue for the three and six months ended June 30, 2025, is significantly higher comparative as a result of the timing on a few large orders, and significant growth in professional services along with revenue recognition of software over time.Hardware and systems sales revenue for the three and six months ended June 30, 2025, totalled $1,350,705 and $4,070,937 compared to $2,167,319 and $3,529,551 respectively in the comparative period ended June 30, 2024. Software, license, and maintenance sales revenue for the three and six months ended June 30, 2025, was $10,785,841 and $23,367,659 compared to $10,492,062 and $20,557,340 in the comparative period. Professional services revenue was $4,268,417 and $8,006,981 for the three and six months ended June 30, 2025, compared to $1,646,165 and $3,053,963 in the three and six months ended June 30, 2024.Ha...