NASDAQ:CISO Stock Quote

CISO Global (NASDAQ: CISO) announced it achieved unaudited positive Adjusted EBITDA in Q4 2024, marking a pivotal profitability milestone as it transitions from a cyber services company to a software-led, AI-powered cybersecurity enterprise. The company credits this progress to integrating 13 acquisitions, cutting costs through proprietary AI-driven security solutions and increasing high-margin software revenue. CISO expects at least $34 million in profitable services revenue and $5 million in software bookings for 2025, with software margins projected around 75%, supported by a robust sales pipeline and insurance partnerships.

CISO Global (NASDAQ: CISO), a premier cybersecurity solutions provider, was featured in a recent Investing.com article. The piece discusses CISO reaching a new 52-week high, with its stock price climbing to $3.61. “The micro-cap company, valued at $34 million, has seen its revenue grow by approximately 35% over the last twelve months, though InvestingPro data indicates the stock may be overbought at current levels. This milestone reflects a significant surge in investor confidence, as evidenced by the impressive 89% year-to-date return,” the article reads. “While the company operates in the growing cybersecurity sector, its gross profit margin of 13% suggests operational challenges. InvestingPro subscribers have access to 12 additional investment tips for CISO. The company’s position in the increasingly digital world has contributed to the stock’s upward trajectory, marking a notable period of growth…”

CISO Global (NASDAQ: CISO), an industry leader in proprietary software, managed cybersecurity, and compliance, is reporting the success of its artificial intelligence (“AI”)-powered CISO Edge security platform, which was utilized at the 2024 annual Black Hat USA and DEF CON 32 conferences in Las Vegas. According to the announcement, the Edge platform successfully blocked more than 87,000 unique attacks within a six-hour period, with no successful breaches; last year the platform prevented more than 127,000 hack attempts during the event.

CISO Global (NASDAQ: CISO), an industry leader in proprietary software, managed cybersecurity, and compliance, has identified and implemented a comprehensive solution to mitigate the recent security event involving CrowdStrike and Microsoft. According to the company, the four-step solution involves booting affected computers into safe mode or Windows Recovery Environment, navigating to the CrowdStrike directory, deleting the faulty file and rebooting the system normally; advanced users may use the Command prompt in Advanced Startup to delete the file. Over the weekend, a faulty update to CrowdStrike’s Falcon Sensor V6.58 caused widespread disruptions by triggering a Blue Screen of Death (“BSOD”) on thousands of Windows machines around the world. CISO’s Incident Response team identified the solution and is successfully deploying it to affected customers. “We understand the significant challenges posed by the recent CrowdStrike update issue, and our team has worked diligently to develop a straightforward fix that addresses the immediate problem and restores system functionality,” said CISO Global CEO David Jemmett in the press release. “While we are pleased to be able to assist our clients and others, this event should serve as a warning to all regarding the importance of strong network resiliency. Time will tell whether this was caused by human error or an attack similar to what affected Solar Winds.”

CISO Global Inc. (NASDAQ: CISO), an industry leader in proprietary software, managed cybersecurity, and compliance, has entered into an exclusive agreement with the Fortegra Group Inc., a multinational specialty insurance company. The agreement calls for Fortegra’s P&C Group subsidiaries to provide product protection plans for CISO Global cybersecurity clients. The agreement represents Fortegra’s innovative efforts to offer a new model for the cyber industry. Initially, CISO Global will offer $250,000 financial protection for its AI-based endpoint detection and response technology CHECKLIGHT(R), which is designed to monitor and protect a client’s cyber environment. “With this exclusive agreement, CISO Global is pioneering a first in the industry,” said CISO Global CEO David Jemmett in the press release. “We are essentially providing an effectiveness guarantee to our clients that is unheard of today. Our intellectual property portfolio is unparalleled, and we are backing our belief by providing our clients with a protection plan, long used in the consumer market to ensure the quality and performance of products.”

CISO Global (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has successfully tested the effectiveness of its CHECKLIGHT(R) Endpoint Detection and Response (“EDR”) solution under strenuous and highly targeted environments. Through actuarial data collection over the past year, CISO found that its solution significantly reduced the number and severity of cyber losses to the very low single digits for users of the technology. “The use of financially protected technologies is just now starting to gain attention in the marketplace as an affordable and immediate option to reduce risk exposure and provide some level of business assurance,” said CISO Global CEO David Jemmett. “At CISO Global, we remain committed to addressing the needs of the small to mid-sized businesses, and this is yet another way we are delivering unprecedented value to our clients.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity, compliance and proprietary software provider, has released its preliminary estimated financial information for the fiscal year ending Dec. 31, 2023. According to the report, the company saw its highest annual revenue in history in 2023. Highlights of the report include $57.1 million in estimated total revenue for the year, a 23% increase compared to $46.5 million total revenue reported for FY 2022; and ($13.8) million in estimated Adjusted EBITDA, a decrease of $1.2 million, or 9%, compared to ($12.6) million for 2022; an estimated Adjusted EBITDA margin of (24.2%), an improvement of 11%, for the quarter ending Dec. 31, 2023, compared to (27.1%) for the same quarter in 2022. The company also reported that it entered into a credit facility with Aion Financial Technologies Inc. for a revolving line of credit of $3.5 million.

CISO Global (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, will proceed with the 1-for-15 reverse stock split approved by CISO shareholders at the annual meeting held Dec. 14, 2023. According to the update, the reverse stock split will become effective after the close of trading on March 7, 2024. CISO outstanding common stock will begin trading on a split-adjusted basis on March 8, 2024, where every 15 shares of the par value of $0.00001 per share common stock will automatically convert into one share of CISO stock. “The company has been alerted by several institutional investors that there appears to be an anomaly in our shares,” said David Jemmett, CEO. “This reverse stock split will allow us to identify our legitimate shareholders, increase the per share market price of our common stock to regain compliance with the minimum bid continued listing requirement for the Nasdaq Capital Market and better position the company for future value creation.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider (“MSSP”), has appointed a seasoned tech executive to its board of directors. The company announced that Brett Chugg has joined the board and provide strategic support and guidance as the company focuses on the next stage of growth underpinned by its software-first product platform strategy. Chugg brings a depth of experience to his board role, including his most recent service as senior managing director at Koch Disruptive Technologies, a venture and growth equity investment group at Koch Industries. Prior to joining Koch, Chugg served in a variety of positions, including as director on several high-growth company boards, such as Insightec, Vayyar, Valo Health, Shine Technologies and Cohere Communications. Chugg has a proven track record as an investor and leader in technology with global, multi-industry experience including hardware, software, manufacturing, healthcare and petrochemical markets.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider (“MSSP”), has received an independent valuation of its initial IP Solutions Portfolio by a global leader in valuation, corporate finance and restructuring. According to the announcement, the valuation includes four IP solutions, which reflect the company’s push into delivering software-first solutions. The solutions include the company’s Skanda7 Breach Assessment Tool, CISO Edge Cloud Security Platform, CHECKLIGHT(R) Endpoint Security Monitoring and DISC VPN. Each of the solutions are powered by artificial intelligence (“AI”), neural nets and the latest generation of algorithms.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider (“MSSP”), will be presenting at this month’s 26th annual Needham Growth Conference. The four-day event is currently being held in New York City and will run through Jan. 19. CISO Global CEO David Jemmett will present virtually at the conference; his presentation is slated to begin at 12:45 p.m. ET on Friday, Jan. 19. Jemmett will also be available for one-on-one meetings on Friday. The Needham Growth Conference agenda features public and private company presentations as well as fireside chats, thematic panels and one-on-one meetings for qualified institutional, private equity and venture capital investors. The event will include both in-person and virtual days.

The Pension Benefit Guaranty Corporation (“PBGC”), a federal agency tasked with protecting the retirement security of more than 33 million Americans in single-employer and multiemployer pension plans, has renewed its PBGC Office of Benefits Administration (“OBA”) Information Systems Security Risk Management Services contract with leading managed cybersecurity and compliance provider CISO Global’s (NASDAQ: CISO) wholly owned subsidiary TalaTek. According to the update, TalaTek will continue to support the management and oversight of OBA’s compliance and security requirements and its continuous monitoring program that is used to safeguard and protect PBGC’s critical systems and data. “As a long-time PBGC partner, we look forward to continuing to help the agency protect its mission-critical operations and strengthen its data security,” said Baan Alsinawi, managing director of strategy and risk, CISO Global, and founder of TalaTek. “In today’s cyber risk environment, it is imperative that federal agencies continuously assess their enterprise environments based on a holistic approach to risk management. We will continue to deliver best-in-class solutions enabled by our team of experts.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider (“MSSP”), was ranked as a top 25 managed security services provider by cybersecurity business intelligence company CyberRisk Alliance and MSSP Alert, the news and research channel for managed security services providers. CISO was included on the list this year in spot 25; the recognition represents the company’s work and commitment to becoming a leader in the space. MSSP has released the list annually for the past seven years with rankings based on a survey MSSP Alert sends to its readers along with the site’s editorial coverage of MSSP, MDR and MSP security providers. MSSP notes that the companies that make the list outperform the overall cybersecurity services market in 2023, indicating the strength of managed security services that these companies provide at a time when cybercrime has increased, becoming a significant threat to businesses of every size and from every industry. “We are honored to be named to this prestigious list of MSSPs worldwide,” said CISO Global CEO David Jemmett in the press release. “With our focus on leading-edge, AI-driven cybersecurity solutions and our deep technical expertise, we are delivering next-generation cybersecurity capabilities to better protect our enterprise clients and to ensure their continuous operation while helping them maintain their reputation.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, will be participating in the Microsoft Security Copilot Partner Private Preview. According to the announcement, CISO Global was selected because of its proven experience with Microsoft Security technologies as well as the company’s willingness to explore and provide feedback on cutting-edge functionality and its close relationship with Microsoft. Microsoft management has observed that artificial intelligence (“AI”) is one of the defining technologies of the time and security is key. The partner program is designed to provide customers with solutions that enhance cyber defenses. CISO noted that it is working with Microsoft product teams to help shape Security Copilot product development in a variety of ways. Security Copilot is the first AI-powered security product that enables security professionals to respond to threats quickly, process signals at machine speed and assess risk exposure in minutes.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has signed a licensing agreement to provide its entire suite of next-generation intellectual property to CRG (Cyber Risk Governance) Research LLC, which provides technical research services to companies conducting pre-transaction due diligence in the mergers and acquisitions space, specifically looking to proactively uncover cyber incidents and vulnerabilities that could impact a planned transaction. Using CISO proprietary solutions, CRG will be able to collect and assess network data in real time and with more extensive detail than competitors. “Licensing our full intellectual property portfolio to providers who then create wholly separate offerings in the marketplace will result in new revenue streams for CISO,” said CISO Global CTO Jerald Dawkins, PhD, in the press release. “The significance of this model is that it extends the reach of CISO Global’s leading-edge technology to help solve widespread cybersecurity problems. CRG is the first of a host of new partners who will build on top of our products to address issues and improve cybersecurity effectiveness across multiple industries.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, today announced that its CEO David Jemmett will present a corporate overview at the Fall Foliage MicroCap Rodeo . The four-day event, designed for money managers and investors by money managers and investors, is slated to take place virtually from Oct. 24 – 27, 2023. Interested parties should visit https://ibn.fm/evD7B to register for and log into the event. A live webcast of the presentation can be accessed via the investors section of the CISO website. Jemmett will be available for one-on-one meetings throughout the conference.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has been listed on PCI Marketplace as a PCI Quality Security Assessor (“QSA”). The distinction means that CISO Global is certified and authorized by the Payment Card Industry Security Standards Council (“PCI SSC”) to assess and validate the compliance of organizations with Payment Card Industry Data Security Standard (“PCI DSS”). PCI DSS is a set of security standards that works to protect the confidentiality and integrity of credit-card and payment-card data. CISO Global works with clients to assist them as they transition to upcoming PCI 4.0 standards, performing security assessments to verify PCI DSS compliance.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, today announced that its CEO David Jemmett will present a corporate overview at the LD Micro Main Event XVI. The conference is slated to take place at the Luxe Sunset Boulevard Hotel in Los Angeles from Oct. 3-5, 2023. Jemmett’s presentation will begin at 12:30 p.m. PT on Tuesday, Oct. 3. Interested parties should visit https://ibn.fm/97vgk to register and access the live event. A replay will also be available through the same link following the conference.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has launched a channel sales partnership program to extend its reach through value added resellers (“VARs”), managed services providers (“MSPs”) and strategic partners. The new program is available in the U.S. and Latin America, where CISO Global has a large presence, and aimed at providing the full complement of CISO Global services to end-user customers through an extended network of partners that will be serviced and supported by the CISO Global team. “CISO Global offers a comprehensive portfolio of cybersecurity and risk management services and solutions,” said Deb Smith, chief financial officer for CISO Global. “We believe in the strategic value of opening our portfolio to other organizations so they can strengthen their cybersecurity posture through our integrated approach, solutions portfolio and focus on compliance. This strategy is effective in providing optimal protection from the increase in cyberattacks facing the industry.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has announced Threat Informed, a new proprietary capability designed to capture and analyze data posted to darknets. According to the announcement, the new data stream deepens the company’s threat intelligence feed, incorporating it into existing services. Threat Informed mines the DarkNet, which is an overlay of secret networks made up of communication channels that are only accessible using specific software and processes. CISO Global uses proprietary DarkNet technology and other IP to conduct real-time, continuous DarkNet searches, validating client security and ensuring that clients have not been compromised. CISO uses a proprietary methodology to verify that its threat feed is current, relevant and accurate. Threat Informed leverages this information and offers it as an integrated part of the CISO solution set. Threat Informed is a component of CISO Global’s dedicated effort to protect its client base of 1,100 organizations spanning the financial, healthcare, retail and IT sectors. The company also recently unveiled ARGO Edge, a cloud-first security solution designed to protect an organization’s users no matter where they are, and CHECKLIGHT(R), a platform that utilizes continuous scanning to identify unauthorized processes associated with fraudulent phishing attacks, hacking, imposter scams, malware, ransomware and viruses. “We are committed to helping our customers drive continuous improvement to make cybersecurity more effective,” said CISO Global CEO David Jemmett in the press release. “This new capability builds on our existing IP and enables us to bring a more holistic experience to clients that are looking for world-class cyber techniques and strategies. With our newly integrated intelligence feed, we are able to stay one step ahead of the bad guys.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, announced that it has expanded its product portfolio to include the assets of its recent acquisition of SB Cyber. According to the update, the company is backing the solution with a $250,000 service-level guarantee that a client’s environment remains protected. Combating what it sees as a pervasive effectiveness problem in cybersecurity, which is validated by the $10.3 billion lost to cybercrime in 2022 in the U.S. alone according to the FBI, CISO Global is offering its expanded portfolio of cybersecurity intellectual property and technology to enterprise clients and government agencies to help improve outcomes for organizations working to protect themselves from cyber attackers. CISO Global’s CHECKLIGHT(TM) offering, driven by U.S. military veterans at CISO Global’s recently acquired SB Cyber, provides powerful endpoint detection and response to protect organizations from cyber attacks at the edge. “Given the volume of attacks that target the endpoint, it’s essential for organizations to have a solution like CHECKLIGHT(TM) as part of their overall cybersecurity strategy,” said the company’s Chief Information Security Officer Gary Perkins. “To my knowledge, few if any other endpoint detection and response (‘EDR’) solutions are so effective that they offer a service-level guarantee. We want our clients to understand our commitment to their security.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has named Gary Perkins, the former chief information security officer of British Columbia, as its new chief information security officer. In his new role, Perkins will oversee cybersecurity strategies and risk-management initiatives for CISO. Perkins bring an impressive resume to his new position. As the CISO for the province of British Columbia for the past decade, Perkins protected the interests of 45,000 government end users and 5.4 million citizens. Previous to that, Perkins rose up the ranks at the chief security office at TELUS as well as being an instructor at the University of Victoria. He has received more than 20 cybersecurity and information technology certifications and awards, including Certified Information Systems Auditor (“CISA”), Certified Information Security Manager (“CISM”) and CISSP Certification (“ISC2”). He also is active on many industry-related boards and councils and speaks often on the topic of cybersecurity. “CISO Global is dedicated to recruiting top-tier thought leaders to fortify our commitment to creating a culture of cybersecurity within our own organization, as well as those of our clients,” said CISO Global CEO David Jemmett in the press release. “With the game-changing IP we have developed to improve cyber effectiveness, CISO is proud to have Gary leading the way. Gary’s extensive background, spanning both the private and public sectors, makes him exceptionally suited to lead in this new role, ensuring our pioneering work in cybersecurity and compliance remains unassailable.”

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, is reporting the successful testing of its Argo Edge security solution. According to the announcement, the newly launched AI-powered security solution was tested by thousands of hackers under real-world conditions at DEF Con, the premier cybersecurity and hacker convention held in Las Vegas this month. According to the announcement, DEF Con is attended by hackers from across the globe who compete and show off their skills through hacking competitions. The venue provides an opportunity for security vendors to take advantage of the collective cyberhacking talent and test their products.

CISO Global Inc. (NASDAQ: CISO), has unveiled Argo Edge, a powerful tool stack the company has been developing and testing for the past two years. According to the announcement, Argo Edge combines the most sought-after security technologies available with CISO’s proprietary IP and threat feeds to provide a prebuilt, easy-to-implement solution created for use by both government and privately held entities. The new AI-powered security solution, which has been independently valued at $49 million, enhances cybersecurity effectiveness through coordination, integration and automation. The company stated that Argo Edge layers together preconfigured, preintegrated technologies that include cloud firewall as a service (“FaaS”), secure internet gateway, secure authentication, secure service edge (“SSE”) and containerized internet browser sessions for each user. Argo Edge also provides Zero Trust Network Access (“ZTNA”), Cloud Access Security Broker (“CASB”) and Data Loss Protection (“DLP”) capabilities along with overall improved network performance.

CISO Global Inc. (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has strengthened its security management platform Argo to increase the effectiveness of security teams who now can access real-time data across tool sets to make better informed decisions. The platform has the capability to aggregate data in real time from a client’s entire environment, including network asset information, currently deployed cyber tools, security operations center (“SOC”) services, vulnerability management, secure managed IT and penetration testing data. Using this information, enterprises can build individual risk profiles for each network asset to better prioritize cybersecurity threats based on asset value. “With ongoing increases to cyberattack frequency, impact, and costs of an average breach, it’s very clear that the cybersecurity industry is suffering from a widespread ineffectiveness problem,” said Chief Technology Officer Jerald Dawkins, Ph.D., CISO Global. “Argo seeks to address that issue by aggregating and curating security data from across the enterprise to not only provide context for metrics, but to pull the right information, making it actionable for our clients’ internal decision makers.”