Sekur Private Data Ltd. reports developments in Swiss-hosted cybersecurity and private communications for consumers, businesses, government, defense and enterprise customers. Its updates center on encrypted email, secure messaging, VPN and secure communications tools, including product work around SekurVoice and Controlled Unclassified Information-focused encrypted voice capabilities.
Recurring news also covers government procurement channels, defense and intelligence market expansion, strategic advisory and technology leadership appointments, distributor relationships in international markets, and capital actions such as private placements used for sales, business development and working capital.
Sekur Private Data Ltd. (OTCQX:SWISF) announced the issuance of 17,315,000 stock options to management, insiders, and consultants. These options are exercisable until January 13, 2033, at an exercise price of CA$0.06, with 100% vesting immediately. A hold period of 4 months and 1 day applies. Sekur specializes in secure communications and data management, offering products such as encrypted emails and secure messengers globally to consumers, businesses, and governments.
Sekur Private Data Ltd. (OTCQX:SWISF) has announced its finalized budget for fiscal year 2023, reducing expenses by approximately 50% to CA$3,200,000 (US$2,360,000). The company anticipates gross sales to rise to CA$800,000 to CA$950,000 (US$590,000 to US$700,000) from CA$475,000 (US$350,000) in 2022, representing a year-over-year increase of 70% to 100%. With CA$4,050,000 (US$3,000,000) in cash and no debt, Sekur is positioned to meet its budgetary requirements without the need for additional funding.
Sekur Private Data Ltd. (OTCQX:SWISF) has announced a budget for fiscal year 2023 amounting to CA$3,200,000 (US$2,360,000), a reduction of approximately 50% from 2022. The company anticipates gross sales between CA$800,000 and CA$900,000 (US$590,000 to US$670,000), a 70% increase from the estimated CA$475,000 (US$350,000) for 2022. Sekur reported cash reserves of CA$4,050,000 (US$3,000,000) with no debt, negating the need for external funding. CEO Alain Ghiai highlighted the growth in B2B relationships in Latin America and the USA as a key driver for anticipated sales increases.
Sekur Private Data Ltd. has announced the cancellation of 16,540,000 stock options held by management and insiders. This action was formalized through a Notice of Cancellation filed with the CSE on December 13, 2022. The company specializes in cybersecurity and offers solutions for secure communications and data management using Swiss-hosted technology. Their offerings include encrypted emails, secure messengers, and secure cloud storage for consumers, businesses, and governments worldwide.
Sekur Private Data Ltd. (OTCQX:SWISF) has entered a Reseller Agreement with Nobleus, an e-commerce platform, to distribute secure communications services in the U.S. The partnership aims to enhance Nobleus' market presence with Sekur's Swiss-hosted privacy technology. Nobleus will integrate Sekur's billing system and is onboarding over 2,500 e-store owners to resell Sekur solutions. Sekur emphasizes its commitment to data privacy, offering services hosted in Switzerland. This collaboration seeks to expand consumer access to secure communications.
Sekur Private Data Ltd. (OTCQX:SWISF) has issued a clarification regarding a prior news release from December 8, 2022, which was requested by the Investment Industry Regulatory Organization of Canada. The announcement reveals that the independent research report from FRC Research Corp. is a paid report, costing CA$24,000, which covers a full year of research and distribution.
Sekur is a provider of cybersecurity and internet privacy solutions, offering a suite of secure communication tools and cloud services to various sectors globally.
Sekur Private Data Ltd. (SWISF) announced an updated analyst report from Fundamental Research Corp., valuing the company at CA$0.83 (US$0.61) per share with a BUY rating. The report notes a conservative approach to subscriber forecasts due to a shift towards lower marketing expenditure and enhanced return on investment. CEO Alain Ghiai expressed confidence in the company’s liquidity and upcoming solutions in 2023, asserting strong market momentum despite challenging public conditions.
Sekur Private Data Ltd. (OTCQX:SWISF) announced a multi-platform advertising contract with Salem Media Group beginning November 1, 2022. The contract includes a comprehensive advertising plan for 2023 featuring Sekur commercials, educational segments on privacy, and sponsorships of popular podcasts, like those by Charlie Kirk and Dinesh D'Souza. The plan aims to increase direct-to-consumer sales by at least 100%. Despite a reduction in the advertising budget by CAD 3 million, the company anticipates significant growth in subscriber trends. The campaign is vital for promoting Sekur's secure communication solutions.
Sekur Private Data Ltd. (OTCQX:SWISF) reported a remarkable 160% increase in sales for Q3 2022 compared to Q3 2021, showcasing robust post-pandemic momentum. The active recurring paid user count surged 230% during the same period. Sekur is enhancing its subscription growth by marketing to SMBs in the USA and launching new solutions. Currently, over 5,000 active paid users utilize Sekur's secure communications services. CEO Alain Ghiai expressed confidence in sustaining growth despite economic challenges, emphasizing Sekur's unique, privacy-focused offerings.
Sekur Private Data Ltd. (OTCQX: SWISF) has exceeded its paid users' target for 2022, showcasing strong sales momentum amid recessionary concerns. The company plans to enhance its offerings with solutions like SekurShare and SekurVPN, targeting SMBs and enterprises. CEO Alain Ghiai highlights the growing demand for privacy and security in communications. The innovative SekurMessenger allows secure chatting without requiring phone numbers, thus mitigating privacy risks. With services hosted in Switzerland, Sekur ensures stringent data protection under Swiss law.