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  5. PLUR: PLUR is making big moves? [Plurilock Security Inc.]
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Q: PLUR is making big moves? Is it a Buy?
Asked by Charles on August 20, 2024
5i Research Answer:

PLUR is now up 318% for the year. Market cap is now $108M. Revenues are ramping up, but it is still losing money. Cash flow is negative, but not by a significant amount. It likely will need more capital. It raised $5.5M in April. It has announced many new contracts, some with significant dollar amounts, and this has caused excitement for future growth potential. There are no analysts on the stock and thus no estimates. Insiders own 5% and have been recent buyers. Security remains a very hot sector and we do not see this as changing. Risks are high here, but with its new market cap and revenues likely moving towards $100M, we see why there is some excitement. We can't give it a general strong endorsement with negative cash flow and the need for more capital, but we would certainly put it into the 'interesting' camp with all the recent news.