Enhanced RAFI US Small Price Re - IRNT STOCK NEWS

IronNet (NYSE: IRNT) has announced a common stock purchase agreement with Tumim Stone Capital LLC, allowing IronNet to sell up to $175 million of its common stock. This agreement is subject to certain conditions, including filing a registration statement with the SEC. IronNet aims to use the net proceeds for working capital and general corporate purposes to support long-term growth. The agreement's terms include limitations based on IronNet's trading volume and stock price.

IronNet, Inc. (NYSE: IRNT) announced a multi-year contract with an undisclosed Gulf Cooperation Council (GCC) country to enhance its cybersecurity defenses. This partnership utilizes IronNet's AI-based Network Detection and Response (NDR) solution and Collective Defense platform, aimed at improving real-time collaboration and quick detection of cyber threats across key government and financial sectors. This deployment marks IronNet's largest AWS cybersecurity initiative in the region, showcasing the company's growing influence in global cybersecurity.

IronNet (NYSE: IRNT) has announced a partnership with a major Texas bank, remaining anonymous for operational security, to utilize its Collective Defense platform. This collaboration aims to enhance defenses against escalating cyber threats in the financial sector. The bank joins a growing network under the Texas Bankers Association, leveraging IronNet’s advanced Network Detection and Response capabilities for real-time threat detection and intelligence sharing. This initiative underscores the importance of collective cybersecurity efforts among financial institutions to counter sophisticated cyber adversaries.

IronNet (NYSE:IRNT) has partnered with a Texas school district to enhance cybersecurity in response to rising threats. The anonymous district will utilize IronNet’s AI-driven Network Detection and Response (NDR) solution, joining IronNet's Collective Defense community to improve real-time threat detection and defense. Cyber attacks on educational institutions increased significantly post-pandemic, with predictions of an 86% rise in incidents. In light of these concerns, the K-12 Cybersecurity Act was signed by President Biden to bolster protections for schools.

IronNet (NYSE:IRNT) has announced an expanded partnership with the New York Power Authority (NYPA) to enhance cybersecurity across New York's public energy landscape. Utilizing a cloud-based solution powered by machine learning and artificial intelligence, this collaboration aims to strengthen defenses against cyber threats while sharing anonymized threat information in real-time. Following a successful pilot with five municipalities, the new initiative allows all NYPA utilities and partners to access advanced threat detection capabilities, bolstering resilience against increasing cyber attacks on U.S. critical infrastructure.

Honolulu-based cybersecurity firm Pacific Global Security Group (Pac-Sec) has partnered with leaders Dragos and IronNet to enhance cybersecurity services for government agencies and commercial clients. Their collaboration focuses on asset identification, threat detection, response, analytics, and compliance processes. CEO Gerhard Rickert emphasized the importance of trusted partnerships for effective cyber protection. The partnership aims to address urgent cybersecurity needs for critical infrastructure following increased threats, aligning with U.S. cybersecurity initiatives launched in 2021.

IronNet, Inc. (NYSE: IRNT) reported Q3 fiscal 2022 results, revealing a revenue of $6.9 million, slightly down from $7.0 million year-over-year. Cloud subscription revenue rose significantly by 74% to $3.8 million. However, the company revised its fiscal year revenue and ARR guidance downward due to delays in strategic customer opportunities primarily in the U.S. public sector. IronNet's Annual Recurring Revenue reached $27.5 million, up from $21.2 million a year prior. The operating loss was significant at $185.6 million, mainly due to one-time stock-based compensation expenses.

IronNet, Inc. (NYSE: IRNT) will release its Q3 fiscal 2022 financial results on December 15, 2021, after market close. Following the announcement, management will hold a conference call at 5:00 p.m. ET. Investors can access the call via this webcast or dial-in at 201-689-7807. The company, founded in 2014, specializes in Collective Defense cybersecurity solutions, leveraging expertise from former NSA operators.