Plurilock Security Inc.
DB:6590 Stock Report
Plurilock Security Balance Sheet Health
Financial Health criteria checks 1/6 Plurilock Security has a total shareholder equity of CA$63.8K and total debt of CA$2.9M, which brings its debt-to-equity ratio to 4609.8%. Its total assets and total liabilities are CA$20.3M and CA$20.3M respectively.
Key information
4,609.8%
Debt to equity ratio
Interest coverage ratio n/a Cash CA$2.89m Equity CA$63.78k Total liabilities CA$20.28m Total assets CA$20.35m
Recent financial health updates
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Plurilock Security Inc. Appoints David Kris to Industry Advisory Council Sep 17
Second quarter 2024 earnings released: CA$0.11 loss per share (vs CA$0.29 loss in 2Q 2023) Sep 01
Plurilock Security Inc. Appoints Ron Wilson as Industry Advisory Council Aug 21
Plurilock Security Inc. Files Nonprovisional Patent Application with the United States Patent and Trademark Office Aug 15
Plurilock Security Inc., Annual General Meeting, Aug 14, 2024 Jun 10
First quarter 2024 earnings released: CA$0.10 loss per share (vs CA$0.16 loss in 1Q 2023) Jun 04
High number of new and inexperienced directors May 01
Full year 2023 earnings released: CA$0.10 loss per share (vs CA$1.17 loss in FY 2022) Apr 30
New major risk - Shareholder dilution Apr 29
New major risk - Revenue and earnings growth Apr 24 Plurilock Security Inc. announced that it has received CAD 1 million in funding Apr 12
Plurilock Security Inc. announced that it has received CAD 4.5 million in funding Plurilock Security Inc. announced that it expects to receive CAD 4.5 million in funding Apr 04
Plurilock Security Inc. Announces Board Changes Apr 02 Plurilock Security Inc. announced that it has received CAD 0.00125 million in funding Jan 10
Third quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.023 loss in 3Q 2022) Nov 24
Second quarter 2023 earnings released: CA$0.03 loss per share (vs CA$0.032 loss in 2Q 2022) Aug 30
Plurilock Security Inc. to Report Q2, 2023 Results on Aug 29, 2023 Aug 24
Plurilock Security Inc. Announces the Launch of Beta Access to A New AI Safety SaaS Product for Business and Government Jul 23
Plurilock Security Inc. Announces New Ai-Driven Cloud Access Security Broker Technology Forgenerative Ai Tools and Submits U.S. Provisional Patent Application Jul 21 Plurilock Security Inc. announced that it has received CAD 2.435282 million in funding Jul 13
Plurilock Security Inc. announced that it has received CAD 2.420782 million in funding Jun 30
Plurilock Security Inc. announced that it has received CAD 2.420782 million in funding Jun 29
Plurilock Security Inc. Appoints Scott Meyers as Chief Financial Officer Jun 06 Plurilock Security Inc. announced that it expects to receive CAD 1.223977 million in funding Jun 02
Plurilock Security Inc., Annual General Meeting, Jun 30, 2023 May 26
Full year 2022 earnings released: CA$0.12 loss per share (vs CA$0.10 loss in FY 2021) May 02
Plurilock Security Inc. Appoints Blake Corbet to Its Board of Directors Feb 02 Plurilock Security Inc. announced that it has received CAD 1.755115 million in funding Jan 19
Plurilock Security Inc. announced that it has received CAD 2.5 million in funding Jan 18
Plurilock Security Inc. Releases Security Questionnaire Showcase Via New Plurilock Labs Using ChatGPT Jan 17 Plurilock Security Inc. announced that it expects to receive CAD 1 million in funding Dec 03
Third quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.024 loss in 3Q 2021) Nov 22
No independent directors Nov 18
Plurilock Security Inc. Announces to Launch its New Product Platform, Plurilock Nov 10
Plurilock Security Inc. Announces Addition of Patrick Gorman to Advisory Board Sep 27 Plurilock Security Inc. announced that it has received CAD 1.53 million in funding Sep 23
Financial Position Analysis
Short Term Liabilities: 6590's short term assets (CA$14.9M) do not cover its short term liabilities (CA$19.6M).
Long Term Liabilities: 6590's short term assets (CA$14.9M) exceed its long term liabilities (CA$720.8K).
Debt to Equity History and Analysis
Debt Level: 6590's net debt to equity ratio (77.5%) is considered high .
Reducing Debt: 6590's debt to equity ratio has increased from 127% to 4609.8% over the past 5 years.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 6590 has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: 6590 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.8% each year
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