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Plurilock Security Inc (TSE:PLUR)
:PLUR
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 28, 2021
|% Change Since: -17.02%
|Next Earnings Date:Nov 27, 2020
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth and strategic successes, particularly in the expansion of critical services and professional services. However, there were notable financial challenges, including a decline in total revenue and increased cash usage, which tempered the positive achievements.Company Guidance
During the Plurilock Security's Q3 2024 earnings call, the executives provided detailed guidance on the company's financial performance and strategic direction. The company reported total revenue of $14.3 million for the quarter, with a year-to-date total of $38.5 million, demonstrating a decline compared to the previous year due to timing issues with large orders. Despite this, there was a notable increase in Professional Services revenue, which expanded by 40% year-over-year for the quarter. Plurilock emphasized its focus on higher-margin Critical Services, which accounted for a significant portion of its strategic shift, highlighting successful engagements, such as a $22 million deal with an S&P 500 company. The company's gross margin for Q3 was 6.8%, with a year-to-date margin of 14.2%, showing a year-over-year improvement. Adjusted EBITDA was reported as negative $2.1 million for the quarter. The executives also discussed their strategy to enhance profitability by focusing on high-margin sales and operational efficiency, expecting a stronger financial performance in Q4. However, they did not provide specific guidance for 2025 but reiterated the potential for increased revenue and gross margin compared to 2023.Significant Revenue Opportunity with S&P 500 Company
Over a seven-month period, Plurilock announced approximately $22 million in sales with a single S&P 500 client, including $7 million in cost savings and avoidance.
Growth in Professional Services
Professional Services revenue increased by 40% compared to the previous year, indicating strong growth in this segment.
Improved Gross Margin
Gross margin for the first three quarters of 2024 was 14.2%, an increase from 10.3% in the same period in 2023.
Successful Cost Savings from Acquisitions
Plurilock achieved $2 million in annual savings through the integration of four acquisitions, reinvesting in critical services.
Positive Cash Flow from Warrant Exercises
Plurilock benefited from approximately $4 million in cash from warrant exercises, helping to bolster cash reserves.
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TSE:PLUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PLUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 26, 2024 | C$0.47 | C$0.38 | -19.15% |
| Aug 30, 2024 | C$0.95 | C$0.91 | -4.21% |
| May 31, 2024 | C$0.32 | C$0.32 | 0.00% |
| Apr 30, 2024 | C$0.38 | C$0.38 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Plurilock Security Inc (TSE:PLUR) report earnings?
Plurilock Security Inc (TSE:PLUR) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Plurilock Security Inc (TSE:PLUR) earnings time?
Plurilock Security Inc (TSE:PLUR) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PLUR EPS forecast?
Currently, no data Available
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