🇺🇸 PLCKF | 🇨🇦 PLUR
Plurilock Security Inc.
Plurilock (🇺🇸 PLCKF | 🇨🇦 PLUR) provides AI-driven cybersecurity, high-margin consulting, and IT solutions to government and Fortune 2000 clients, securing over 30 government contracts in the $2T cybersecurity market.
AI-Powered Proprietary Technology
$2 Trillion Global Cybersecurity Market
$40M+ New Contracts Signed In 2024
Gross Profit Growth of 11% (Year-to-Date)
Proven M&A Track Record
Top-tier Leadership Group and Consulting Committee
Market Opportunity
$2 Trillion Cybersecurity
Market Oppoturnity
As data breaches, hacks and ransomware attacks escalate in frequency and impact, one small company is leading the charge in a soon-to-be $2 trillion cybersecurity marketplace driven by:
"In 2023, there were around 343 million victims of cyber-attacks worldwide. More victims than the population of the U. S."
BMO Global Asset Management
"The global cost of cybercrime is expected to surge in the next four years, rising from $9.22 trillion in 2024 to $13.82 trillion by 2028.”
Statista’s Market Insights
"If cybercrime was a state, it would be the third-largest economy in the world after the U.S. and China.”
Edi Rama
Prime Minister of Albania
World Economic Forum
Fiscal Year 2023-2024
Growing Revenue
& Improving Margins
Here is the summary of Plurilock (🇺🇸 PLCKF | 🇨🇦 PLUR)'s revenue and margins from fiscal year 2023 - 2024 YTD.
2023
+$70.4M
Gross Margin: 8.3%, up from 7.7% in 2022.
$70.4 million, a 9% increase from the previous year.
Q1 2024
$11.6M
Gross Margin: 21.9%, an increase from 13.6% in Q1 2023.
$11.5 million, compared to $15.7 million in Q1 2023.
Q2 2024
$12.6M
Gross Margin: 15.6%, compared to 11.2% in Q2 2023.
$12.6 million, up from $12.3 million in Q2 2023.
Q3 2024
$14.3M
Gross Margin: 6.8%, slightly down from 7.2% in Q3 2023.
$14.3 million, down from $20.0 million in Q3 2023.
YTD 2024
$38.5M
Gross Margin: 14.2%, an increase from 10.3% during the same period in 2023.
$38.5 million, compared to $48.0 million during the same period in 2023.
Key Growth Drivers
Capitalizing on Rapidly Expanding Cybersecurity Market
Plurilock is strategically positioned to capture a share of the $2 trillion global cybersecurity market, driven by increasing threats, regulatory pressures, and the need for AI-driven security solutions.
$2 Trillion
Global Market
$38.5M
Revenue
2024 Q3 YTD
14.2%
Gross Margins
YTD (Up from 10.3% in 2023)
Undervalued Relative To Peers
Despite its government contracts, enterprise partnerships, and AI-powered security offerings, Plurilock is trading at a fraction of its revenue potential, making it a deep-value play in the cybersecurity sector.
~22M
Current Market Cap
0.4x
Price To Sales Ratio
compared to 1-2x for peers
Major Contracts with Industry Leaders
Plurilock has secured high-value contracts, including a US$19.3 million agreement with an S&P 500 semiconductor company and $22.9 million in new sales announced year-to-date as of October 2024.
$19.3M
Contract
at std margin rates for a deal this size
30+
Government agencies
Proprietary AI-Driven Identity Security
Plurilock’s AI-powered behavioral biometrics and continuous authentication make it a unique cybersecurity asset.
Plurilock
AI
World-Class Leadership & Advisory Team
Plurilock’s leadership includes top cybersecurity, AI, and intelligence experts. With experience from the NSA, U.S. Intelligence Community, Raytheon, CrowdStrike, and major financial institutions, our team drives strategic growth, security innovation, and enterprise trust.
Core Business Overview
Vertically Integrated Cybersecurity Business With 3 Primary Divisions
Key Clients and Partnerships
Leadership and Expertise
Experts in
Cybersecurity, AI, and Governance
Leadership, board of directors, and advisors have operated at the top reaches of America’s intelligence and cybersecurity apparatus:
Podcast
Tune in to Plurilock (🇺🇸 PLCKF | 🇨🇦 PLUR)'s podcast for expert insights on cybersecurity trends, threats, and high-stakes solutions. Hear from industry leaders, government officials, and top security minds shaping the $2T cybersecurity market.
Episode 8
Neil Bisson, Former CSIS and CBSA Intelligence Expert
In this episode of Code and Country, former CSIS and CBSA intelligence expert Neil Bisson explores the rising threats facing Canada and its allies. Cyber attacks, geopolitical tension, and cross-border crime are converging to reshape Canada’s security landscape.
Episode 7
Richard Fadden, Former CSIS Director
In this episode of Code and Country, former CSIS Director Dick Fadden exposes how foreign actors, including China, are manipulating public perception long before election day. Disinformation more than a nuisance—it’s a weapon. Deepfakes, AI-generated propaganda, and cyber warfare tactics are being deployed to destabilize democracy right now.
Episode 6
Shelly Bruce, Fmr. Chief, Communications Security Establishment Canada (CSE)
In this episode of Code and Country, we dive into the high-stakes world of cybersecurity, national security, and geopolitical threats with Shelly Bruce, former Chief of Communications Security Establishment Canada (CSE), Canada’s top cyber intelligence agency.
Episode 5
Sami Khoury, Government of Canada Senior Official for Cyber Security
Join us on Code and Country as we delve into the high-stakes world of cybersecurity with one of Canada’s top experts, Sami Khoury. Currently serving as the Senior Official for Cyber Security for the Government of Canada, Sami has a storied career spanning over three decades at the forefront of national and international cyber defense.
Episode 4
Elizabeth Sizeland, Former U.K. Deputy National Security Adviser
In this episode of Code and Country, we talk to Elizabeth Sizeland, former U.K. Deputy National Security Adviser and Prime Minister’s Adviser on National Resilience and Security, to explore the evolving intersection of cybersecurity, resilience, and national security.
Episode 3
VADM Mike McConnell (Ret.), Former U.S. Director of National Intelligence
VADM Mike McConnell, USN (Ret.), former Director National Intelligence (DNI), Director of the National Security Agency (NSA) and Vice Chairman of Booz Allen Hamilton, joins Code and Country to share unparallelled insights on the critical issues shaping the digital defense landscape today.
Episode 2
Ed Hammersla, Former President, Forcepoint Federal
Ed Hammersla joins CEO Ian L. Paterson on the Code and Country podcast. Ed is the former head of Raytheon Cyber Products and a key architect in spinning out the portfolio into what became Forcepoint—where he served as chief strategy officer and president of Forcepoint Federal.
Episode 1
Chris Lynam, Royal Canadian Mounted Police
In the inaugural episode of Code and Country, Plurilock CEO Ian L. Paterson and Chris Lynam of the Royal Canadian Mounted Police talk about cybersecurity, national security, and law enforcement's evolving role in combating cybercrime.
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Plurilock (🇺🇸 PLCKF | 🇨🇦 PLUR) is reshaping the cybersecurity landscape. Explore how our proprietary solutions and market-driven strategy can protect your enterprise and deliver exceptional value to investors.