This weekend, CNBC and SurveyMonkey announced results of its quarterly Small Business Survey which sources answers from over 2,000 small business owners. The study found almost four in 10 small business owners say they are very or somewhat concerned their business will be the victim of a cyber attack within the next 12 months.
Companies providing cybersecurity solutions will be in position to benefit. While many cybersecurity companies with mid-to-large market caps are still struggling to turn profits, limiting the upside on their PPS, innovative penny stocks in the sector provide parabolic potential for investors.
Sekur Private Data Ltd. (OTCMKTS: SWISF) is the first of this group investors should look at because the timing looks perfect. More investors are starting to learn this company’s story as they have been featured on Fox Business News recently.
Investors will be happy to see SWISF has just upgraded to the OTCQX. Companies on the QX, “must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.” This is important because it adds significance to the incredible growth the company reported in its FY 2021 financials.
SWISF 2021 FY highlights include:
- $6.976 million in cash up from $388K in 2020 (+1,697%)
- $8.053 million in net assets, over 435k from 2020 (+1,751.26%)
- Sales increased by over 5,600%
- New subscriber signups increased by over 1,900%.
Not only have subscriptions grown significantly, but revenue per subscription has grown which is a force–multiplier.
The company plans on launching a new email security app on Android and iPhone this summer, CEO Alain Ghiai said, “We do expect to continue to see increases in subscriber rates over the coming months and years, especially as we market our new SekurMail email service and our new Sekur business plans for securing businesses' emails and messaging communications globally.”
SWISF’s solution, Sekur, includes SekurMessenger and SekurMail, is part of a bundle of email, messaging and file transfer into one application, includes the Company's latest SekurMail technology, which includes proprietary anti-phishing and privacy feature called SekurSend®. SekurSend® lets a user send an email to any other recipient, whether they have Sekur or not, in full privacy and security as the email never leaves Sekur's encrypted email servers based in Switzerland. The recipient can then click on the notification and reply in the same manner using SekurReply®, without the recipient having to register for a Sekur account.The company is using its substantial cash position to market the launch of Sekur Mail.
INVESTORS ARE STARTING TO BET BIG ON SWISF
Investors are obviously impressed the company was able to oversubscribe its recent private placement. The over $600,000 worth of proceeds will be used to market its new Sekur Mail app launch. The terms of the PPM are extremely favorable to the company. Each Unit consists of one common share priced at CA$0.35 per share, and one share purchase full warrant. Each Full Warrant will entitle the holder to purchase a Common share at a price of CA$0.70 per share for a two-year term.
The exercisable warrant price would represent triple digit returns for any investor purchasing shares at the current PPS. Make sure to look into SWISF today.
SuperCom Ltd. (NASDAQ: SPCB) provides different services, including secured solutions for eGovernment, the Internet of Things, and, of course, cybersecurity. SuperCom has made a recent update on a new version of its cybersecurity software.
Guardforce AI (NASDAQ: GFAI) specializes in security solutions utilizing robotics and information security to piggyback on its logistics business. GFAI announced that its expansion of Robotics as a Service (RaaS) continues. Guardforce signed a letter of intent with Shenzhen Kewei Robot Technology to buy up to 36 of its subsidiaries in China, with the first phase bringing on 8 of these subsidiaries.
BIO-key International (NASDAQ: BKYI) is an Identity-as-a-Service company which recently completed the acquisition of Swivel Secure Europe. Swivel is an identity and access management company providing services in Europe, the Middle East, and African markets. According to BIO-key CEO Michael DePasquale, “Swivel Secure has longstanding relationships with over 300 customers in similar and complementary verticals including education, government, banking, finance, healthcare, and manufacturing. Through this combination, we will be able to deliver improved capabilities and service levels for customers on a global basis.”
CynergisTek Inc. (NYSE: CTEK) focuses on privacy and compliance to help organizations navigate the emerging needs of cybersecurity. CTEK recently reported that it boosted its threat intelligence and incident response capabilities with GroupSense. The two companies can offer CynergisTek’s customer base ransomware negotiation services thanks to a strategic partnership. The deal also allows for improved capabilities when it comes to IR training.
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