Q2 2025 Plurilock Security Inc Earnings Call Transcript

Aug 20, 2025 / 03:00 PM GMT

Release Date Price: $0.147 (+1.38%)

Transcript

Key Points

Positve

Plurilock Security Inc (PLCKF) reported a 15% increase in revenue for Q2 2025, reaching CAD 16.4 million compared to the previous year.
The company's critical services business grew significantly by 159% year over year, highlighting its strategic importance and contribution to revenue.
Plurilock Security Inc (PLCKF) has a stable balance sheet with CAD 1.7 million in cash and access to an additional CAD 8.5 million in unused credit facilities.
The company is expanding internationally, targeting NATO, Middle East, and other allied defense markets, leveraging its credibility with Canadian and US federal clients.
Strategic partnerships with global leaders like CrowdStrike and ForcePoint enhance Plurilock Security Inc (PLCKF)'s market reach and credibility, generating new business opportunities.

Negative

Gross profit decreased slightly from CAD 2.1 million to CAD 2 million, with gross margins dipping from 14.7% to 12% due to a one-time lower margin resell order.
The company reported an adjusted EBITA loss of CAD 1.4 million, although this was an improvement from the previous year's loss of CAD 2.4 million.
Plurilock Security Inc (PLCKF) faces challenges in maintaining high margins due to variability in resale orders and the need to focus on higher-margin critical services.
The divestiture of the cloud codes business indicates a shift away from the SMB segment, which may limit opportunities in that market.
The company is not yet EBITA positive, and achieving this goal requires continued focus on increasing gross margins and reducing operational expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PLUR.V - Plurilock Security Inc
Q2 2025 Plurilock Security Inc Earnings Call
Aug 20, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and thank you for joining us for Playero Security's conference call to discuss its financial results for the quarter ending June 30, 2025.

I'm Ryan Freemantle from Soic Capital, and we handle plerlocks investor relations.

On the call today, we have Playerlock CEO Ian Patterson and CFO Scott Myers.

During the call, all participants are in listen-only mode.

Following the presentation, we will conduct a question and answer session.

We encourage you to submit your questions through the Q&A tab at any time, and the management will answer them following their prepared remarks.

Before management discusses the results, I'd like to remind everyone that certain

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