01 Communique Nears Profitability with PQC Advances

01 Communique Laboratory Inc. (TSE:ONE) has released an update.

01 Communique Laboratory Inc. reports a reduction in their second quarter loss for fiscal 2024, citing advances in their IronCAP Post-Quantum Cryptography (PQC) and strategic partnerships. While waiting for NIST’s final PQC algorithm recommendations, the company has already incorporated 4 out of 5 into their cryptographic engine. Despite a slight decrease in revenue, they’ve made significant cuts in operating expenses, moving towards breakeven and potential profitability.

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