Earnings release
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Plurilock Plurilock Security Inc. Reports Fiscal 2021 Second Quarter Financial Results VICTORIA , BRITISH COLUMBIA - August 27 , 2021 Plurilock Security Inc. ( TSXV : PLUR ) ( OTCQB : PLCKF ) and related subsidiaries ( “ Plurilock ” or the “ Company ” ) , an identity - centric cybersecurity solution provider for workforces , today announces its financial results for the six months ended June 30 , 2021. All dollar figures are stated in Canadian dollars , unless otherwise indicated . " We are very pleased to report the second quarter of 2021 saw us deliver strong year over year revenue growth , add industry leading professionals to the organization , and expand our operational presence to new markets globally , " said lan L. Paterson , CEO of Plurilock . " The growth exhibited provides further validation that enterprise customers look to Plurilock for a partner that delivers simple , reliable , industry leading cybersecurity solutions to some of the world's leading organizations . " " As part of our stated strategy of acquiring assets to complement our existing authentication products , we completed our first acquisition of cybersecurity solutions provider Aurora Systems Consulting Inc. , " continued Mr. Paterson . " With Aurora , we have secured a channel partner with an experienced sales force and over 140 government and commercial customers to offer our high margin software . As well , we have seen success of our sales strategy with our recent $ 672,000 multi - year purchase order of DEFEND continuous authentication product by a leading overseas financial institution . " Following a series of high - profile cyber attacks , discussions on cybersecurity infrastructure and investment have been top of mind for governmental and private - sector organizations . Last week , the White House administration met with leaders from several technology companies for a cybersecurity summit . 1 Subsequently , big names in technology including Google and Microsoft have since announced planned multi - billion dollar investments in new industry standards , stronger security tools , and skills training to prevent and mitigate attacks.² Second Quarter Fiscal 2021 Financial Highlights • Total revenue for the three and six months ended June 30 , 2021 , was $ 8,604,310 and $ 8,680,071 respectively ( $ 79,512 and $ 182,851 over the same periods in the prior fiscal year ) . The increase in revenue is due to the acquisition of Aurora Systems Consulting Inc. ( " Aurora " ) in the Solutions Division .