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Enhanced RAFI US Small Price Re (Symbol: IRNT) is a company dedicated to cutting-edge cybersecurity solutions, bridging the gap between traditional approaches and the ever-evolving landscape of cyber threats. Recognizing the rapid sophistication and increased costs of cyber intrusions, IronNet Cybersecurity, the firm behind IRNT, offers advanced technologies and strategies to protect corporate secrets, private customer information, and brand reputations.
Founded by experts in the cybersecurity field, IronNet leverages collective defense strategies to help organizations detect, address, and mitigate cyber threats. The company’s core business revolves around providing comprehensive cybersecurity services, including real-time threat detection, extensive monitoring, and incident response solutions tailored to meet the specific needs of businesses across various industries.
Recent Achievements:
- Developed innovative solutions to combat advanced persistent threats (APTs).
- Formed strategic partnerships with industry leaders to enhance collective cybersecurity defenses.
- Received recognition for their cutting-edge technologies in several cybersecurity awards.
Current Projects:
- Expanding their cybersecurity platform to include more robust AI-driven threat detection capabilities.
- Collaborating with government entities to strengthen national cybersecurity frameworks.
- Enhancing their threat intelligence sharing network to provide real-time updates on emerging threats.
Financial Condition:
IronNet Cybersecurity has demonstrated steady growth in their financial performance, attributed to their expanding client base and continuous innovation in their service offerings. The company is actively investing in research and development to stay ahead in the fast-paced cybersecurity industry.
With their strong commitment to cybersecurity excellence, IronNet is uniquely positioned to protect organizations against the most complex and disruptive cyber threats, ensuring the safety and resilience of critical digital assets in an increasingly hostile cyber environment.
IronNet (NYSE: IRNT) has been added to the Russell 2000 and Russell 3000 Indexes as of June 27, highlighting its growing market presence. This inclusion is expected to enhance visibility among investors and potentially increase the stock's liquidity. General (Ret.) Keith Alexander emphasized the company's focus on key sectors such as energy, healthcare, space, government, and finance, while aiming for operational efficiency and cash flow neutrality. Approximately $12 trillion in assets benchmark against these Russell indexes.
IronNet, Inc. (NYSE: IRNT) released its fiscal first quarter results for 2023, showing a revenue of $6.7 million, a slight increase from $6.4 million year-over-year. The company’s Annual Recurring Revenue (ARR) also grew to $30.1 million compared to $25.6 million last year. Despite this growth, a net loss of $33.2 million was reported, widening from $15.5 million in Q1 2022. IronNet expects a revenue of approximately $34 million for FY 2023, indicating a growth of nearly 25%. The company reaffirms its guidance of 50% ARR growth to $48 million for the fiscal year.
IronNet, Inc. (NYSE: IRNT) is set to announce its fiscal Q1 2023 financial results on June 14, 2022, after market close. A conference call will follow at 5:00 p.m. ET, accessible via webcast. Founded by GEN (Ret.) Keith Alexander, IronNet is a leader in cybersecurity, focusing on collective defense strategies. The company integrates expertise from former NSA operators to address critical cybersecurity challenges.
Surefire Cyber has launched as a new incident response firm aimed at assisting the cyber insurance ecosystem in managing and responding to cyber incidents such as ransomware and email compromise. The company secured $10 million in Series A funding, led by Forgepoint Capital. With a focus on enhancing cyber resilience, Surefire Cyber offers end-to-end incident response services powered by a tech-enabled platform. The firm is built on industry veterans' expertise and aims to improve transparency, accelerate decision-making, and reduce business interruptions during cyber crises.
Forgepoint Capital has launched Surefire Cyber, an incident response firm, with $10 million in Series A funding. The startup aims to enhance cyber event management for insurers, brokers, and law firms. Surefire Cyber is the second venture incubated by Forgepoint, which has a successful track record, including the previous launch of SolCyber. Forgepoint's support includes recruiting and platform development, aiming to accelerate time to response in cyber incidents. The firm continues to build its portfolio, having added 36 companies and completed 22 financings in 2021 alone.
IronNet, a leader in cybersecurity solutions, reported significant growth in its fourth quarter and fiscal year ended January 31, 2022. Annual Recurring Revenue (ARR) surged to $31.8 million, a 23% year-over-year increase. The company achieved $8.2 million in revenue for the fourth quarter, up from $7.4 million year-over-year. However, overall fiscal year revenue saw a 6% decline to $27.5 million. Despite a GAAP net loss of $241.7 million, IronNet's strong cloud subscription revenue and customer base growth, now totaling 88 new customers, indicate positive momentum for future operations.
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