on 01 Communique Laboratory, Inc. (isin : CA67088Q1063)
01 Communique Strengthens Financials and Updates Quantum-Safe Initiatives
01 Communique Laboratory Inc. announced its fiscal 2024 results and future strategies. The Toronto-based company, known for its cybersecurity advancements, reported a strategic financing that boosted its balance sheet for 2025. CEO Andrew Cheung highlighted the company's focus on Post Quantum Cryptography (PQC) and its preparation for commercialization in 2025 through partnerships.
The company's financials revealed a decrease in fourth-quarter revenue to $82,155, primarily from legacy services. However, cash operating expenses decreased significantly, aligning with completed projects and strategic cuts. A strategic financing of $920,000 has improved working capital, supporting growth plans.
Operational milestones include a PQC-compliant Solana blockchain and developments in AI and mobile messaging platforms. A recent partnership with Real Matter Technology aims to integrate IronCAP™ into fintech solutions.
R. P.
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