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01 COMMUNIQUE LAB INC - OONEF STOCK NEWS

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01 Communique Laboratory Inc. (OONEF) is a leading cybersecurity provider specializing in post-quantum security solutions for the quantum computing era. With a focus on quantum-safe technologies, the company offers cutting-edge cyber resilience solutions to businesses, organizations, and governments globally.

The company's product line, IronCAP™, is patent-protected and combines NIST-approved post-quantum cryptography algorithms with proprietary cryptographic technology. This ensures that sensitive data remains secure in the face of evolving cyber threats posed by quantum computing.

In addition to its cybersecurity business unit, 01 Communique provides a suite of secure remote access services and products under the I'm InTouch and I'm OnCall offerings. These solutions are designed to enable secure, efficient remote connectivity for businesses and individuals.

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01 Communique Laboratory (TSX-V:ONE, OTC:OONEF) announced its strategic focus on post-quantum cryptography (PQC) solutions, particularly for blockchain and cryptocurrency security. The company will present its PQC roadmap and technologies on December 18th, 2024. CEO Andrew Cheung highlighted that their technologies incorporate NIST-endorsed PQC algorithms and have been integrated into various applications.

The company has developed a PQC-compliant Solana L1 blockchain, expected to be commercialized in 2025. They also received a US Patent (#11,669,833) for technology that can convert existing cryptocurrencies to become PQC-compliant. The announcement comes amid recent quantum computing advancements, such as Google Quantum AI's Willow quantum chip, emphasizing the growing importance of quantum-resistant security solutions.

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01 Communique Laboratory (TSX-V: ONE)(OTC: OONEF) has issued a statement confirming that there are no material changes in the company's operations that would explain the recent increase in market activity. This statement was made at the request of CIRO.

The company, established in 1992, specializes in post-quantum cybersecurity through its IronCAP™ product line, protected by U.S. patents #11,271,715 and #11,669,833. It also operates a remote access business unit offering I'm InTouch and I'm OnCall products, protected by patents in the U.S.A., Canada, and Japan.

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01 Communique Laboratory Inc. (TSXV:ONE)(OTC PINK:OONEF), a pioneer in enterprise-level cybersecurity for the post-quantum computing era, reported its third quarter fiscal 2024 results for the period ending July 31, 2024. The company highlighted its alignment with newly announced NIST Post-Quantum Cryptography standards, emphasizing that its IronCAP PQC cryptographic engine, launched in 2021, already incorporates these standards.

Financial highlights include:

  • Quarterly loss reduced to $40,173 (2023: $119,652)
  • Adjusted loss (excluding non-cash expenses) nearly breakeven at $5,891
  • Cash position of $125,716
  • Revenue increased to $126,103 (2023: $106,197)
  • Significant reduction in cash operating expenses

The company is approaching profitability as revenue builds from partners and customers.

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01 Communique Laboratory Inc. (TSX-V:ONE)(OTC Pink:OONEF), a leading cybersecurity provider for the quantum computing era, has announced it will release its third quarter 2024 financial results on Thursday, September 19, 2024, before the market opens. The company will host a live conference call at 10:00 AM EST on the same day to discuss the results and provide updates on their IronCAP™ and IronCAP X™ business prospects. Interested parties can join via web browser or dial-in using the provided details. This event offers an opportunity for stakeholders to gain insights into the company's performance and future outlook in the rapidly evolving cybersecurity landscape.

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01 Communique, an enterprise-level cybersecurity provider focused on quantum computing, has released its second quarter fiscal 2024 results. CEO Andrew Cheung emphasized the company's competitive edge in Post-Quantum Cryptography (PQC) and ongoing collaborations with partners.

The company reported a quarterly loss of $68,638, down from $187,292 in the previous year, while adjusted loss excluding non-cash expenses was $28,508, a reduction of $94,583. Cash operating expenses were significantly reduced to $128,240 from $240,239.

Product development and SG&A expenses were also decreased, helping the company move towards profitability despite a revenue decline to $106,220 from $127,782, impacted by the weakening Japanese Yen.

Stock options were granted to directors and executives, allowing for the purchase of up to 1,320,000 common shares at $0.05 per share. The company will host a conference call to discuss these results and future business prospects.

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01 Communique, a leader in enterprise-level cybersecurity for the quantum computing era, will release its Q2 2024 financial results on June 20, 2024, before market open.

The company will host a conference call at 10:00 AM EST on the same day to discuss the results and future prospects of its IronCAP™ and IronCAP X™ technologies.

Participants can join via the provided Zoom link or dial-in numbers for both Canada and the USA.

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01 Communique Laboratory Inc. is holding its annual shareholder meeting on April 24, 2024, to discuss business prospects with CEO Andrew Cheung. The meeting will be held in Toronto or accessible online or via phone.
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01 Communique Laboratory Inc. reports first quarter fiscal 2024 results, highlighting reduced losses, decreased expenses, and revenue decline due to currency impact. CEO Andrew Cheung discusses the importance of quantum-safe technology in 2024 and the company's focus on PQC applications. Financially, the company saw a reduced loss of $112,281, lowered operating expenses, and a revenue decrease of $8,333.
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01 Communique Laboratory Inc. (OONEF) to release financial results for Q1 2024, offering updates on IronCAP and IronCAP X. Join the live update on March 21, 2024, at 10:00AM EST.
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01 Communique Laboratory Inc. reported its fourth quarter fiscal 2023 results, highlighting a reduction in operating expenses and a focus on revenue-generating integrations and feature enhancements. The company also announced a technology partnership with Keyfactor and received a notice of allowance for its Japanese patent application. CEO Andrew Cheung expressed confidence in the company's IronCAP™ technology to withstand threats posed by quantum computers, citing global recognition of the threat from quantum computers as a driving force behind the company's focus on quantum-safe applications.
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FAQ

What is the current stock price of 01 COMMUNIQUE LAB (OONEF)?

The current stock price of 01 COMMUNIQUE LAB (OONEF) is $0.16 as of December 20, 2024.

What is the market cap of 01 COMMUNIQUE LAB (OONEF)?

The market cap of 01 COMMUNIQUE LAB (OONEF) is approximately 6.7M.

What is 01 Communique Laboratory Inc. known for?

01 Communique is a cybersecurity provider specializing in post-quantum security solutions for the quantum computing era.

What is IronCAP™?

IronCAP™ is the company's product line that combines NIST-approved post-quantum cryptography algorithms with proprietary cryptographic technology to safeguard sensitive data.

What services does 01 Communique offer besides cybersecurity?

In addition to cybersecurity solutions, 01 Communique provides secure remote access services and products under the I'm InTouch and I'm OnCall offerings.

How does 01 Communique help businesses address cyber threats?

By offering quantum-safe technologies and secure remote access solutions, 01 Communique empowers businesses, organizations, and governments to enhance their cybersecurity resilience.

What sets 01 Communique apart in the cybersecurity industry?

01 Communique's focus on post-quantum security and its advanced IronCAP™ technology differentiate it as a leader in addressing cyber threats posed by quantum computing.

01 COMMUNIQUE LAB INC

OTC:OONEF

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OONEF Stock Data

6.75M
83.78M
12.91%
Software - Application
Technology
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United States of America
Toronto