New Risk • Apr 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (US$459k revenue). Market cap is less than US$10m (CA$13.3m market cap, or US$9.76m). Reported Earnings • Apr 04
Third quarter 2026 earnings released: US$0.002 loss per share (vs US$0.003 loss in 3Q 2025) Third quarter 2026 results: US$0.002 loss per share (improved from US$0.003 loss in 3Q 2025). Revenue: US$139.6k (up 123% from 3Q 2025). Net loss: US$116.6k (loss narrowed 44% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 31
Second quarter 2026 earnings released: US$0.001 loss per share (vs US$0.004 loss in 2Q 2025) Second quarter 2026 results: US$0.001 loss per share (improved from US$0.004 loss in 2Q 2025). Revenue: US$139.9k (up 89% from 2Q 2025). Net loss: US$102.3k (loss narrowed 60% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Full year 2025 earnings released Full year 2025 results: Revenue: US$530.6k (down 70% from FY 2024). Net loss: US$641.6k (loss widened US$640.3k from FY 2024). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Annuncio • Aug 12
Nubeva Technologies Ltd., Annual General Meeting, Oct 10, 2025 Nubeva Technologies Ltd., Annual General Meeting, Oct 10, 2025. Buy Or Sell Opportunity • Jul 28
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CA$0.08. The fair value is estimated to be CA$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to CA$0.09. The fair value is estimated to be CA$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jun 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (US$642k revenue). Market cap is less than US$10m (CA$4.91m market cap, or US$3.59m). Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Apr 25
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to CA$0.085. The fair value is estimated to be CA$0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 30
Third quarter 2025 earnings released: US$0.003 loss per share (vs US$0.004 loss in 3Q 2024) Third quarter 2025 results: US$0.003 loss per share (improved from US$0.004 loss in 3Q 2024). Revenue: US$62.6k (down 58% from 3Q 2024). Net loss: US$208.8k (loss narrowed 26% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 26
Second quarter 2025 earnings released: US$0.004 loss per share (vs US$0.006 loss in 2Q 2024) Second quarter 2025 results: US$0.004 loss per share (improved from US$0.006 loss in 2Q 2024). Revenue: US$74.0k (down 82% from 2Q 2024). Net loss: US$257.3k (loss narrowed 40% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. New Risk • Oct 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$13.7m market cap, or US$9.87m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Revenue is less than US$5m (US$1.1m revenue). Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: US$0 (vs US$0.024 loss in FY 2023) Full year 2024 results: EPS: US$0 (improved from US$0.024 loss in FY 2023). Revenue: US$1.79m (down 14% from FY 2023). Net loss: US$1.4k (loss narrowed 100% from FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Annuncio • Aug 13
Nubeva Technologies Ltd., Annual General Meeting, Oct 11, 2024 Nubeva Technologies Ltd., Annual General Meeting, Oct 11, 2024. Reported Earnings • Apr 02
Third quarter 2024 earnings released: US$0.004 loss per share (vs US$0.002 profit in 3Q 2023) Third quarter 2024 results: US$0.004 loss per share (down from US$0.002 profit in 3Q 2023). Revenue: US$148.3k (down 85% from 3Q 2023). Net loss: US$281.7k (down 370% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annuncio • Mar 14
Nubeva Technologies Ltd. Announces Steve Perkins Steps Down as Chief Marketing Officer Nubeva Technologies Ltd. announced that Steve Perkins has stepped down as Chief Marketing Officer (CMO). This transition comes at a time when Nubeva is sharpening its focus on leveraging Artificial Intelligence (AI) to redefine ransomware reversal and enhance cybersecurity measures globally. Steve Perkins has been instrumental in shaping the company's marketing strategy and contributing to its success. However, as Nubeva embarks on a new phase of innovation and growth, both parties recognize the need for a change. Nubeva is entering an exciting era, with AI at the forefront of our strategy to combat ransomware more effectively. Steve has played a crucial role in our journey, and we are immensely thankful for his efforts. As we pivot towards this new direction, we acknowledge that change is necessary to align our team's expertise with our future goals, said Randy Chou, CEO of Nubeva. We wish Steve the very best in his future endeavors and are confident he will continue to make significant impacts in the industry. New Risk • Feb 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (US$3.4m revenue). Market cap is less than US$100m (CA$51.0m market cap, or US$37.6m). Annuncio • Feb 02
NIST Demonstrates Nubeva's Breakthrough in TLS 1.3 Decryption Technology Nubeva Technologies announced that the National Cybersecurity Center of Excellence at the National Institute of Standards and Technology (NIST) has demonstrated its Nubeva SKI Technology as a component of an example solution for the TLS visibility problem. This lab demonstration is detailed in NIST's Special Publication 1800-37B, which addresses the significant challenges enterprises face with TLS 1.3 visibility in the Enterprise. TLS 1.3, while offering enhanced security and performance, disrupts traditional traffic inspection techniques used by enterprises for monitoring their internal TLS 1.2 traffic. The NIST publication underscores the need for innovative solutions that maintain operational, cybersecurity, and regulatory controls without compromising the privacy and security enhancements of TLS 1.3 within the enterprise. Nubeva's patented key extraction technology meets these needs by enabling enterprise decryption of TLS 1.3 traffic, including pinned certificate traffic, for security and visibility. This demonstration at the NCCoE positions Nubeva at the forefront of solutions that facilitate visibility without altering the TLS 1.3 protocol itself. Nubeva's technology aligns with the key management-based solutions outlined in NIST SP 1800-37B, ensuring a seamless transition from TLS 1.2 to TLS 1.3. It allows secure key management and retention, addressing scalability, deployment, and usability challenges highlighted by NIST. In addition, NIST has begun further work on secure key transport and storage and basing much of that effort on Nubeva’s pioneering Fastkey JSON protocol. Reported Earnings • Dec 31
Second quarter 2024 earnings released: US$0.006 loss per share (vs US$0.012 loss in 2Q 2023) Second quarter 2024 results: US$0.006 loss per share (improved from US$0.012 loss in 2Q 2023). Revenue: US$419.1k (up 378% from 2Q 2023). Net loss: US$432.0k (loss narrowed 47% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annuncio • Oct 24
Nubeva Granted U.S. Patent for Decrypting TLS Pinned Certificate Traffic Nubeva Technologies has secured a U.S. patent for its capability to decrypt TLS traffic with certificate pinning. This advancement directly supports SWG, SASE, Firewalls, and other network security and monitoring systems, helping them eliminate blind spots and enhance traffic inspection. Certificate pinning, adopted by major corporations like Apple, Google, and Microsoft, is a mechanism designed to counter Man -in-the-Middle (MITM) techniques. Consequently, it poses significant challenges for security monitoring systems such as Secure Web Gateways (SWG), Secure Access Service Edge (SASE), and next-generation firewalls, creating visibility obstacles for top-tier cybersecurity solutions and the enterprises they protect. With widely used applications like Microsoft 365 and Dropbox implementing certificate pinning, the urgency for innovative solutions has become paramount. To address the cybersecurity challenges posed by modern TLS, governmental bodies are seeking enhanced monitoring solutions. With the awarded patent and active partnerships with standards organizations, Nubeva's SKI is set to play a pivotal role in shaping the future of TLS decryption for inspection. Board Change • Oct 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Co-Founder, CTO & Director Greig Bannister is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 29
First quarter 2024 earnings released: EPS: US$0.002 (vs US$0.012 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.002 (up from US$0.012 loss in 1Q 2023). Revenue: US$1.05m (up US$976.2k from 1Q 2023). Net income: US$126.2k (up US$920.2k from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 16
Nubeva Technologies Ltd. Announces Appointment of Directors Nubeva Technologies Ltd. announced the appointment of Francis Chan and Michael KuoFan Lin as independent members of the Board of Directors of the Company. Annuncio • Sep 14
Nubeva Technologies Ltd. Announces Board Changes Nubeva Technologies announced that David Warner and David Wu have resigned as directors of the Company effective immediately. Reported Earnings • Aug 31
Full year 2023 earnings released: US$0.024 loss per share (vs US$0.051 loss in FY 2022) Full year 2023 results: US$0.024 loss per share (improved from US$0.051 loss in FY 2022). Revenue: US$2.07m (up US$1.84m from FY 2022). Net loss: US$1.61m (loss narrowed 51% from FY 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 18
Nubeva Technologies Files U.S. Patent for AI-Powered Decryptor Builder to Further Enhance Proven Ransomware Reversal Offering Nubeva Technologies has filed a U.S. patent application for an AI-powered decryptor builder, a enhancement to its third-party validated Ransomware Reversal offering. This innovative development will enable Nubeva to accelerate the process of delivering customized decryptors for customers affected by new ransomware variants, further reducing recovery times for ransomed organizations. Nubeva's patent-pending technology uses a private, cryptographically trained AI engine to analyze sample encrypted data using the captured keys to determine the appropriate decryption methods and mechanisms. The technology can then write the decryptor software, test kits, and documentation to dramatically improve the efficiency of creating decryptors for novel ransomware variants. By drastically reducing the time and expertise required to develop these critical tools, Nubeva aims to provide quicker recovery solutions for affected organizations. The company expects to begin deploying this cutting-edge technology in production later 2023. Nubeva's Ransomware Reversal provides a robust protection system that decrypts data encrypted during a ransomware attack. This innovative solution enables fast and easy recovery from such attacks, eliminating the need to pay ransoms. Ensuring rapid and reliable data restoration helps organizations minimize operational disruptions, data loss, and the associated financial and other losses. This patented technology introduces a new level of business resilience against the rising ransomware threat. Nubeva is committed to empowering enterprises in their fight against ransomware. Annuncio • Aug 05
Nubeva Technologies Ltd., Annual General Meeting, Oct 11, 2023 Nubeva Technologies Ltd., Annual General Meeting, Oct 11, 2023. Annuncio • Jul 23
Nubeva Technologies Announces Successful Results of Third-Party Testing for its Ransomware Reversal Technology Conducted by MISI Nubeva Technologies announced the successful results of a month-long rigorous third-party evaluation for its Ransomware Reversal technology conducted by MISI. MISI is a cybersecurity nonprofit fueling the people and technology needed to solve critical cybersecurity challenges. Through initiatives such as third-party testing, MISI validates proof of concept innovation and helps connect U.S. Cyber Command (USCYBERCOM) and the U.S. government to the innovative products and solutions needed to advance the nation's cybersecurity capabilities. During the evaluation, the Nubeva Ransomware Reversal (NuRR) technology achieved a 100% success rate, passing all seventeen prescribed tests without any failures. It demonstrated a 100% key capture rate from a diverse range of specific high-profile ransomware strains tested against, including Lockbit, Ragnar Locker, and BlackBasta. In addition, security assessments found no observed vulnerabilities or unnecessary network ports opened. Nubeva's Ransomware Reversal provides a robust protection system that decrypts data encrypted during a ransomware attack. This innovative solution enables fast and easy recovery from such attacks, eliminating the need to pay ransoms. Ensuring rapid and reliable data restoration helps organizations minimize operational disruptions, data loss, and the associated financial and other losses. This patented technology introduces a new level of business resilience against the rising ransomware threat. Nubeva is committed to empowering enterprises in their fight against ransomware. MISI's Third-Party Testing. As the tester, MISI understands there is no silver bullet for defense against any cybersecurity threat, let alone ransomware. MISI also understands that no solution in this problem space will be able to achieve true universal decryption, and although this technology (NuRR) will not prevent ransomware infection, it shows promise and potential for decryption of multiple strains. While MISI recommends continued testing, this report and test plan provide evidence that NuRR is a credible solution for ransomware infection recovery for the specific strains tested and provides strong evidence of key capture for every sample tested. MISI hopes to have the opportunity to test additional ransomware reversal scenarios with Nubeva in the future. Annuncio • Jun 30
MISI Invites Nubeva To 3rd Party Testing of Ransomware Reversal Product Nubeva Technologies Ltd. announces it has accepted the invitation for independent third-party testing and validation of its Ransomware Reversal Product by the Maryland Innovation and Security Institute (MISI) at its DreamPort facility. DreamPort is a renowned mission accelerator facility founded and funded by U.S. Cyber Command. Nubeva's Ransomware Reversal provides a robust protection system that decrypts data encrypted during a ransomware attack. This innovative solution enables fast and easy recovery from such attacks, eliminating the need to pay ransoms. Ensuring rapid and reliable data restoration helps organizations minimize operational disruptions, data loss, and the associated financial and other losses. This patented technology introduces a new level of business resilience against the rising ransomware threat. The DreamPort facility, established through a Partnership Intermediary Agreement by U.S. Cyber Command and awarded to MISI, is renowned for fostering innovation, collaboration, and prototyping in cybersecurity. It is highly credible in the sector and connected to national cybersecurity operations. Nubeva anticipates the release of the final findings on the testing and evaluation of Ransomware Reversal technology in July of 2023. Recent Insider Transactions • Jun 12
Insider recently sold CA$69k worth of stock On the 9th of June, Steven Perkins sold around 71k shares on-market at roughly CA$0.97 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$293k more than they bought in the last 12 months. Recent Insider Transactions • Apr 20
Insider recently sold CA$66k worth of stock On the 14th of April, Steven Perkins sold around 55k shares on-market at roughly CA$1.20 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$136k more than they bought in the last 12 months. Reported Earnings • Mar 22
Third quarter 2023 earnings released: EPS: US$0.002 (vs US$0.012 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.002 (up from US$0.012 loss in 3Q 2022). Revenue: US$971.3k (up US$915.6k from 3Q 2022). Net income: US$104.4k (up US$871.3k from 3Q 2022). Profit margin: 11% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 161% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 23
Second quarter 2023 earnings released: US$0.012 loss per share (vs US$0.014 loss in 2Q 2022) Second quarter 2023 results: US$0.012 loss per share (improved from US$0.014 loss in 2Q 2022). Revenue: US$87.8k (up 207% from 2Q 2022). Net loss: US$806.8k (loss narrowed 11% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 195% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Dec 15
Nubeva Technologies Announces Another Successful Ransomware Decryption Nubeva Technologies announced the successful decryption of Black Basta ransomware for a customer. This is one of the latest in a growing list of successful decryptions by Nubeva, including lethal threat actors such as Conti, Hive, LockBit, Ragnar Locker, Blackcat, and REvil across multiple industries. Details of the customer and ransomware attack are subject to confidentiality agreements. Nubeva's patented Ransomware Reversal technology captures ransomware encryption materials at the moment of attack, enabling victim organizations to decrypt locked files without paying the ransom. Its software collects vital metadata on the attack to aid in incident response, significantly aiding triage, investigations, and threat removal. Annuncio • Nov 18
Nubeva Technologies Featured in ICE71-RSAC 365 Innovation Showcase on the Future of Ransomware Nubeva Technologies was recently featured as a new solution to ransomware attacks in the ICE71-RSAC 365 Innovation Showcase on “The Future of Ransomware.” Nubeva has developed a breakthrough, patented software system that, if installed prior to an attack, allows for the decryption of ransomware quickly and easily by monitoring and capturing essential attack information in real-time. The company complements the software system with a set of decryption and data recovery services to help attacked organizations who do not have the software installed. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Independent Director David Warner is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Nov 10
Nubeva Receives U.S. Patent for Ransomware Decryption Technology Nubeva Technologies announced receipt of a patent for its Session Key Intercept technology related to ransomware decryption. The technology detects and monitors computer encryption in real-time, retrieves session keys, and makes them available for decryption use. Nubeva holds a variety of encryption and cloud-based computing patents that are used in all its product offerings. This patent adds to a growing set of existing and pending patents that protects the company’s innovation and intellectual property that is especially related to it’s ransomware reversal decryption solutions. Annuncio • Oct 13
Nubeva Technologies Ltd. Announces Successful Decryption of Ragnar Locker Ransomware for Billion-Dollar Company Nubeva Technologies announced its successful decryption of Ragnar Locker ransomware for a billion-dollar company. Once engaged by the company, Nubeva's technology recovered 100% of all encrypted files and data within 24 hours. Nubeva did so with no ransom payments required. This further validates Nubeva's tech capabilities and power. This is the latest in a series of modern ransomware decryptions by Nubeva, whose successful decryptions include attacks by LockBit, Conti, and the newest versions of Hive and REvil. Nubeva's technology captures ransomware encryption keys at the moment of attack, enabling victim organizations to decrypt locked files without paying the ransom. Additionally, Nubeva's software collects vital metadata on the attack to aid in incident response, significantly aiding triage, investigations, and threat removal. Nubeva's software is available to end-user enterprises, managed security service providers, incident responders, and cybersecurity solution manufacturers. Reported Earnings • Aug 28
Full year 2022 earnings released: US$0.051 loss per share (vs US$0.013 loss in FY 2021) Full year 2022 results: US$0.051 loss per share (down from US$0.013 loss in FY 2021). Net loss: US$3.27m (loss widened 329% from FY 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 18
Nubeva Announces Expanded Focus on Architectural, Engineering, and Construction (Aec) Industry Nubeva Technologies Ltd. announces expanded efforts to help Architectural, Engineering, and Construction (AEC) firms better protect themselves from ransomware attacks. Based on industry-specific feedback and strong early adoption, the company is increasing its focus on the AEC as there is a clear need and fit for Nubeva's new breakthrough solution across the entire industry. Nubeva'sRansomware Reversal solution fills a vital gap for when ransomware gets past security systems, and organizations must recover quickly. The software solution enables organizations to decrypt files and systems locked during a ransomware attack to restore operations faster than other solutions. The software is simple to install across distributed environments, has next to zero ongoing maintenance, and is priced for widespread adoption across companies of all sizes. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Independent Director David Warner is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 30
Third quarter 2022 earnings released: US$0.012 loss per share (vs US$0.001 profit in 3Q 2021) Third quarter 2022 results: US$0.012 loss per share (down from US$0.001 profit in 3Q 2021). Revenue: US$55.7k (down 93% from 3Q 2021). Net loss: US$766.9k (down US$828.2k from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 06
Nubeva Technologies Ltd. announced that it has received CAD 1.590001 million in funding Nubeva Technologies Ltd. announced a non-brokered private placement of 908,572 units at an issue price of CAD 1.75 per unit for gross proceeds of CAD 1,590,001 on February 4, 2022. The transaction included participation from 2 investors. Each unit consist of one common share and one share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 2.25 per common share for a period of up to three years. If at any time subsequent to the date which is four months and a day from completion of the transaction, the closing price of the common shares as quoted on TSX Venture Exchange for any ten consecutive trading days is equal to or exceeds CAD 3.25 per common share, the company may provide notice to the holders of the warrants by issuance of a press release that the expiry date of the warrants will be accelerated to the 30th day after the date on which the company issues such press release. The company did not pay any commissions or finder's fees in connection with the transaction. and the securities issued will be subject to the required four-month hold period, expiring June 5, 2022. The filing documentation with respect to the transaction has been accepted by TSX Venture Exchange. Annuncio • Jan 19
Nubeva Technologies Announces Commercial Availability of Its Anticipated Ransomware Reversal Solution Nubeva Technologies announced commercial availability of its anticipated Ransomware Reversal solution. In September 2021, the company announced its Ransomware Reversal capability, a revolutionary new approach to confront the growing global threat. Nubeva’s Ransomware Reversal can decrypt (reverse) the file and data encryption of nearly any ransomware attack without paying the ransom. It is a safety net solution behind firewalls, antivirus-antimalware, and cyber detection and response systems to quickly restore data and get systems back to normal operations when attacks get through. Nubeva offers its software-based Ransomware Reversal solution as an annual subscription with multi-year options. The company also has programs for managed service providers and incident response companies as well as OEM licensing options. Annuncio • Jan 07
Nubeva Technologies Announces Immediate Availability of Log4J Auto HotPatcher Tool Nubeva Technologies announced the immediate availability of a Log4J Auto HotPatcher tool with a free-trial to a limited edition of the company’s Ransomware Reversal technology. The combined solution is delivered via a small software agent that is installed on computer servers and clients. The Log4j HotPatcher is designed to help organizations auto-protect against unknown exposure, and to provide immediate relief when there is no formal software patch available or if fixes cannot be applied due to of logistical challenges. It also protects from vulnerabilities that could be installed in the future. The ransomware solution is a safety net behind existing cybersecurity systems. It provides the ability to quickly and easily recover data from ransomware that evade defenses and detonate before detection. The combined solution is available immediately. Board Change • Jan 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Independent Director David Warner is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 31
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: US$28.6k (down 97% from 2Q 2021). Net loss: US$901.8k (down 407% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Dec 30
Nubeva Confirms Plans to Release Initial Ransomware Reversal Product and Commence Orders in January 2022 Nubeva Technologies announced that it plans to release the initial version of its breakthrough Ransomware Reversal product by the end of January and will begin to accept orders. In addition, the company has expanded its early access program to allow for pre-release testing and evaluations by prospective customers and strategic partners. Nubeva announced in 2021 that it has produced software that can universally decrypt and recover from ransomware encryption attacks. The software runs on a computer and can learn and intercept copies of encryption keys utilized in an attack. With keys available, decryption is not only possible but is simple and quick. The solution is designed to fill a growing market gap between cybersecurity defenses and backup and recovery solutions that modern Ransomware exploits. Annuncio • Dec 24
Nubeva Announces Third-Party Validation of Its Upcoming Ransomware Reversal Solution Nubeva Technologies announced positive results from third-party testing on new Ransomware Reversal technology. The findings validate previous claims that Nubeva can intercept encryption keys and decrypt (reverse) ransomware 96.84% of the time. Over four weeks, tests were conducted against thousands of random ransomware samples never seen by Nubeva. The samples came from both active and legacy families of malicious software, including Conti, Lockbit, Pysa, Haron, AvosLocker. The test group included cybersecurity manufacturers, managed security service providers, and end-users. Nubeva announced in September 2021 that it has successfully adapted its patented and award-winning SKI technology to decrypt and recover from ransomware attacks. The SKI software runs on a computer and can learn and intercept copies of encryption keys utilized in a ransomware attack. With keys in hand, Nubeva provides a simple, efficient decryption capability to instantly reverse the attack, restore data, and get back to normal operations. Nubeva has been licensing SKI to the cybersecurity industry for years to allow lawful inspection of encrypted network traffic. Annuncio • Dec 09
Nubeva Technologies Ltd. announced that it has received CAD 1 million in funding Nubeva Technologies Ltd. announced a non brokered private placement of 1,250,000 common shares at a price of CAD 0.80 per share for gross proceeds of CAD 1,000,000 on December 7, 2021. Each Unit is comprised of one common share of the Company and one Share purchase warrant. . Each Warrant entitles the holder to acquire a Share at a price of CAD 1.05 for a period of up to three years All securities issued are subject to a four-month hold period from the date of issuance, which expire on April 4, 2022. The company did not pay any commissions or finder’s fees in connection with the transaction. The transaction included participation from 6 placees including 375,000 shares from a single placee. Annuncio • Nov 30
Nubeva Technologies Ltd. announced that it has received CAD 0.462 million in funding Nubeva Technologies Ltd. announced a non brokered private placement of 550,000 common shares at a price of CAD 0.84 per share for gross proceeds of CAD 462,000 on November 29, 2021. The transaction includes participation from Randy Chou. All securities issued are subject to a four-month hold period from the date of issuance, which expire on March 30, 2022. The company did not pay any commissions or finder’s fees in connection with the transaction. Recent Insider Transactions • Nov 26
Co-Founder recently sold CA$525k worth of stock On the 23rd of November, Randy Chou sold around 625k shares on-market at roughly CA$0.84 per share. In the last 3 months, they made an even bigger sale worth CA$1.5m. Randy has been a seller over the last 12 months, reducing personal holdings by CA$2.0m. Recent Insider Transactions • Nov 15
Co-Founder recently sold CA$1.5m worth of stock On the 12th of November, Randy Chou sold around 2m shares on-market at roughly CA$0.80 per share. This was the largest sale by an insider in the last 3 months. This was Randy's only on-market trade for the last 12 months. Reported Earnings • Sep 30
First quarter 2022 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: US$31.5k (down 20% from 1Q 2021). Net loss: US$852.2k (loss widened 47% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 24
Nubeva Technologies Ltd. Announces Successful Completion of Initial Testing of A New Universal Solution Nubeva Technologies Ltd. announces successful completion of initial testing of a new universal solution for ransomware recovery. Major ransomware attacks have sharply increased in recent years, with regular headlines of disruptions to every sector, including critical infrastructure, finance, technology, government, and education. It is estimated that there is a ransomware attack every 11 seconds on average, with global ransomware damage losses projected to reach $20 billion this year. With ransomware, malicious software will encrypt files using secret keys, which are then ransomed for large sums of money. Organizations affected can have critical functions halted until the ransom is paid or files are recovered from backups, both of which can take days, weeks, or sometimes months. Nubeva’s ransomware recovery capability represents a potential root solution born from a progression on the proven and patented Session Key Intercept (SKI) technology. With SKI, Nubeva has perfected the ability to learn and copy encryption keys created and used on computer systems. With copies of keys available, decryption and recovery is straightforward. Executive Departure • Sep 23
Chief Financial Officer Juliet Jones has left the company On the 20th of September, Juliet Jones' tenure as Chief Financial Officer ended after 3.6 years in the role. As of June 2021, Juliet still personally held only 425.00k shares (CA$36k worth at the time). Juliet is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.58 years. Recent Insider Transactions • Sep 07
Chief Financial Officer recently sold CA$156k worth of stock On the 31st of August, Juliet Jones sold around 146k shares on-market at roughly CA$1.07 per share. This was the largest sale by an insider in the last 3 months. This was Juliet's only on-market trade for the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released: US$0.013 loss per share (vs US$0.068 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: US$1.96m (up US$1.81m from FY 2020). Net loss: US$762.0k (loss narrowed 80% from FY 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 23
Nubeva Validates TLS Decryption Capabilities for Microsoft Windows Server 2022 Preview Nubeva Technologies announced initial support for Windows Server 2022. Nubeva SKI (Session Key Intercept) is being adopted as the industry's answer to modern TLS decryption, allowing inspection systems to see into more traffic, including TLS 1.3. Nubeva plans to release GA decryption support at the time of Microsoft's system general availability. Annuncio • May 27
Nubeva Technologies Ltd. Releases Global Developers License Program for Comprehensive Network Decryption Nubeva Technologies Ltd. announced the general availability of a comprehensive developer license program for Nubeva’s patented Session Key Intercept (SKI) technology. The for-fee program provides developer-level access to Nubeva’s technology. This program allows cybersecurity and application assurance companies the ability to execute seamless proof of concepts and external demos of SKI’s decryption capability to their customer base before deeper OEM implementations. Program delivery model is customer-driven, requires no change to Nubeva’s support model, and is validated as an easy on-ramp for SKI adoption. This new offering enables Nubeva to meet the growing market demand, accelerate adoption, shorten sales cycles and receive valuable product and feature feedback. The core software is provided, with some IP protections and limitations, while affording customers full functionality for evaluation and initial development. The developer program is available now globally. Annuncio • Apr 08
Nubeva Technologies Ltd. announced that it expects to receive CAD 1.5 million in funding Nubeva Technologies Ltd. (TSXV:NBVA) announced a non-brokered private placement of up to 2,929,688 units at an issue price of CAD 0.512 per unit for gross proceeds of up to CAD 1,500,000. Each unit consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.80 per common share for a period of up to three years. If at any time subsequent to the date which is four months and a day from completion of the transaction, the closing price of the Common Shares as quoted on TSX Venture Exchange for any ten consecutive trading days is equal to or exceeds CAD 1.60 per common share, the company may provide notice to the holders of the warrants by issuance of a press release that the expiry date of the warrants will be accelerated to the 30th day after the date on which the Company issues such press release. There are no fees associated with the transaction. The transaction is subject to the acceptance of the TSX Venture Exchange, and the securities issued will be subject to the required 4-month hold period. Reported Earnings • Mar 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$766.7k (up US$726.6k from 3Q 2020). Net income: US$61.3k (up US$858.3k from 3Q 2020). Profit margin: 8.0% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annuncio • Mar 12
Nubeva Expands TLS Decryption Support for Monitoring in AWS Nubeva Technologies Ltd. announcement of Amazon VPC Traffic Mirroring support for non-Nitro compute instances, Nubeva can now enable IT and Security teams with full packet inspection capabilities across AWS. Nubeva offers a next-generation solution for authorized network decryption that allows enterprises to embrace the highest levels of encryption without sacrificing essential visibility and control, and without disrupting their applications, compute, and network architectures. When combined with the new, expanded AWS traffic mirroring capability, enterprises now have a complete, no-compromise solution. Nubeva launched an AWS Quick Start in 2019, one of only fifteen security Quick Start’s built by AWS solutions architects and AWS Partners. Annuncio • Feb 05
Nubeva Technologies Ltd Delivers New Keysense Capability into Its Decryption Solution Nubeva Technologies Ltd. announced the general availability of its new KeySense feature. KeySense is an enhancement to the company’s patented and proprietary Session Key Intercept (SKI) solution. KeySense expands Nubeva’s support of inline decryption applications, enabling NG-firewalls, IPS, APT and other technologies, further enhancing their ability to inspect traffic with higher performance and greater ease. Nubeva SKI software reliably captures the session encryption secrets (keys) from client and server TLS connections without disruption to systems, applications or traffic. Utilizing Nubeva’s previously announced FastKey protocol, these keys are then securely forwarded to authorized inline and passive systems for decryption and subsequent inspection before they are destroyed. In the rare event that a session key cannot be obtained, Nubeva KeySense can now signal the inspection system at the very beginning of the connection so that alternate processing, or traffic blocking, can be applied. KeySense allows monitoring systems to make more intelligent decisions on handling traffic while simplifying operations and improving performance and security for those relying on the monitoring technology. Launched in 2020, Nubeva Session Key Intercept provides best-in-class functionality and advanced visibility into traffic previously impossible to see with the growing adoption of TLS 1.3. The software provides improved decryption capability, price performance, and simplicity of both development and end-user operation over previous decryption methods. SKI can be used with next-generation firewalls, secure web gateways and proxies, SD-WAN, intrusion prevention, APT, and DLP systems, as well as application monitoring and assurance systems. Nubeva licenses SKI software as an OEM solution for next-generation decryption. It further enables application monitoring and cybersecurity that requires deep network packet inspection. The solution offers a better, faster, and more secure alternative to legacy methods. Is New 90 Day High Low • Dec 30
New 90-day high: CA$0.70 The company is up 164% from its price of CA$0.27 on 30 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 22% over the same period. Annuncio • Dec 17
Nubeva Licenses Symmetric Key Intercept Solution to Global Network Performance Monitoring and Diagnostics Software Provider Nubeva Technologies Ltd. announced a multi-year licensing agreement with a leading global network performance and security software provider. The agreement licenses Nubeva’s award-winning Symmetric Key Intercept (SKI) software suite to enhance the provider’s existing products and enable visibility into encrypted network traffic. The seven-figure agreement includes an up front payment, annual licensing fees and royalties as the SKI technology is placed into service. Nubeva Symmetric Key Intercept provides best-in-class functionality and advanced visibility into traffic previously impossible to see with the growing adoption of TLS 1.3. The software provides dramatically improved decryption capability, price performance, and simplicity of both development and end-user operation over previous methods of decryption. SKI technology has broad applicability and use cases including next-generation firewalls, secure web gateways and proxies, SD-WAN, intrusion prevention, APT, and DLP systems as well as application monitoring and assurance systems. The solution also has unique and powerful applicability to 5G packet core monitoring. In 2020, the company licensed its software to numerous manufacturers including multi-billion dollar companies and high-growth providers in the security and network monitoring space. Nubeva’s turnkey solution can be adopted and customized quickly by a wide range of solutions to close the visibility gap created by modern encryption. Since Nubeva’s software gives the licensee a competitive advantage, a public announcement is anticipated in the new year, when the product is formally released. Is New 90 Day High Low • Dec 11
New 90-day high: CA$0.31 The company is up 15% from its price of CA$0.27 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 19% over the same period. Annuncio • Dec 04
Nubeva Technologies Ltd. Announces Multi-Year Software Licensing Agreement with Empirix Nubeva Technologies Ltd. announced a multi-year software licensing agreement with Empirix,. The agreement allows Empirix to embed Nubeva’s TLS 1.3 decryption technology into their 5G monitoring solutions so that telecommunication providers can continue to have the visibility they need to operate their networks. The multi-year agreement strategically positions Nubeva to capitalize on the expected 40% year-over-year growth of the global 5G services market. Adoption of Nubeva technology has grown along with the proliferation of TLS 1.3 standards, creating disruption amongst legacy options and driving security and application monitoring software providers to build decryption capabilities into their offerings. Nubeva’s TLS 1.3 decryption solution is available now as a part of their Symmetric Key Intercept technology. Annuncio • Nov 19
Nubeva Technologies Ltd. Announces the Release of A Next-Generation TLS Decryption Library Nubeva Technologies Ltd. announced the release of a next-generation TLS Decryption Library. This industry-first software solution enables deep packet inspection of network traffic through the decryption of the newest TLS (SSL) traffic, including TLS 1.3 and 1.2 with Elliptic Curve Diffie-Hellman Ephemeral (ECDHE) protocols at extremely high speeds and efficiency. The library enables security and monitoring solution manufacturers to rapidly support modern decryption algorithms previously not available in the industry. Available to license with existing software, Nubeva’s decryption library operates at extreme speed – in excess of 15 gigabytes per second per single CPU core on general purpose hardware. The solution scales up to easily support 40 and 100 gig appliances, and it can scale out in parallel to support in excess of Terabit/sec speeds, all at breakthrough price-performance points. The Decryption Library works with Nubeva’s Symmetric Key Intercept (SKI) software. SKI delivers a breakthrough method for the decryption of modern TLS traffic in support of deep packet inspection systems and services. An alternative to legacy man-in-the-middle, proxy termination, and passive intercept methods, SKI technology discovers session (symmetric) keys from clients or servers during the TLS session and securely transports them to security and application monitoring tools to use to unlock and inspect the data within. SKI allows systems to see into more traffic with far greater price performance advantages, and provides absolute simplicity to implement and operate. The new Decrypt Library expands the Nubeva SKI offering by providing an advanced, high-speed decryption solution that works with TLS symmetric session keys from Nubeva or any other source. Is New 90 Day High Low • Nov 11
New 90-day low: CA$0.21 The company is down 24% from its price of CA$0.28 on 12 August 2020. The Canadian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. Annuncio • Oct 01
Nubeva Technologies Ltd. and Riverbed Improve Security with Added Visibility for Encrypted Network Traffic Nubeva Technologies Ltd. announced an integration agreement with Riverbed. Riverbed AppResponse will integrate with Nubeva's Symmetric Key Intercept TLS (SSL) visibility technology. This integration enables customers of Riverbed AppResponse, a Network Performance Management (NPM) solution that delivers full stack network and application analysis, to add an even deeper level of visibility for security into encrypted application traffic of critical applications using Nubeva's system for enabling decrypted visibility of network traffic. Nubeva licenses its technology to application monitoring and cybersecurity solution manufacturers and end users to enable better visibility with higher performance, lower cost and greater simplicity. The majority of communication traffic is encrypted with the TLS encryption protocol. The breakthrough Nubeva technology discovers and extracts final session encryption keys from TLS servers and TLS clients during their communications and makes these keys securely available to enterprise tools and systems to enable more complete, easier, and more economic decryption of traffic to enable deep packet inspection. Reported Earnings • Sep 27
First quarter earnings released Over the last 12 months the company has reported total losses of US$3.49m, with losses narrowing by 25% from the prior year. Annuncio • Aug 25
Nubeva Technologies Ltd. Auditor Raises 'Going Concern' Doubt Nubeva Technologies Ltd. filed its Annual on Aug 19, 2020 for the period ending Apr 30, 2020. In this report its auditor, Dale Matheson Carr-Hilton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.