Hello everyone, great to have your company on Kalkine TV.
I'm Sage and you’re watching Buzzing Trends. Today we will be discussing
Top 5 ASX-listed cybersecurity companies to look for in 2022.
As the world has transitioned into new normal, hackers have found more sophisticated ways
to attack various individuals and businesses worldwide. Australia has faced a very complex
cyber threat environment during the pandemic. To protect us from such online fraud,
few ASX cybersecurity companies have been continuously developing robust technologies.
As the demand for these solutions grows, it is expected to reach even higher levels in 2022.
On that note, let us look at five ASX companies that provide cybersecurity solutions.
First cybersecurity stock is Whitehawk. It is an ASX listed AU$29.51 million global cybersecurity
firm offering cybersecurity advisory to various customers and businesses. The last quarter had
been very productive for the company with so many opportunities. As a result, the company invoiced
around US$1.964 million in financial year 21, up 8% over the previous corresponding period in its
last quarter ended on 30 September. According to its latest quarterly report, Whitehawk invoiced
US$1.2 million in the September quarter, collecting US$880K receipts from customers.
In addition, the company’s cash position was maintained at US$1.861 million with no debt.
Kicking off the Cyber Risk Radar 60-day Proof of Concept with Global Social Media company,
the company plans to implement a comprehensive program by December.
Apart from this, Whitehawk has kicked off its sales channels across key Federal Contractors as
a part of the Amazon Web Services Partner Network. Whitehawk shares are trading at AU$0.125.
Next cybersecurity stock is Archtis. With a market cap of AU$54.09 million, the ASX listed Archtis
operates as a global provider of innovative cybersecurity software solutions. According to
its latest investors presentation, the company anticipates a compound annual growth rate of
23.1%, hitting US$10 billion in the data-centric security market by financial year 26.
With early rapid sales growth to AU$4.6 million, an 850% increase from financial year 20,
the company is well-positioned to capture a significant market share. Moreover, Archtis has
continued to expand its business, partnering with global leaders such as Microsoft,
Thales, and Raytheon. Archtis shares are trading at AU$0.207.
And now, before we look at more cybersecurity stocks, lets take a quick break
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Hello and welcome back. Sage this side. You are watching the Buzzing Trends show
and we are looking at ASX listed stocks in the cybersecurity space.
Moving to the next cybersecurity stock Cipherpoint. Having a market cap of
around AU$12 million, Cipherpoint is an ASX listed information technology security company
that announced multiple agreements with leading companies in November.
Its subsidiary – BRACE 168, recently announced a 3-year customer and channel agreement
with Sandstone Technology. On the same day, BRACE 168 signed a two-year contract with
Ingenia Communities Group for AU$720,000. The company reported revenue of AU$1 million and
AU$3.9 million cash in its second quarter. Cipherpoint shares are trading at AU$0.038.
Next cybersecurity stock on the list is Vortiv. It is an ASX listed technology company that provides
cybersecurity and cloud services in Australia. The company has a market cap of AU$5.33 million.
In October, Vortiv had announced that it will continue to hold its 24.89%
investment interest in India based Transaction Solutions International.
Voritv is working with CX Partners and TSI India's management to expand its ATM business in India.
Moreover, the company has continued to seek acquisition opportunities focused
on progressing a suitable transaction. Vortiv shares are trading at AU$0.039.
Last cybersecurity stock we look at today is Tesserent. It operates as a global internet
security-as-a-service provider to a range of customers with a market cap of AU$211.91 million.
The company reported its annual recurring revenue at 42% in its latest market update. According
to the report, Tesserent’s turnover growth till October 2021 is 67%, and divisional EBITDA growth
is 150% compared to prior-year period. Tesserent has achieved significant organic and non-organic
growth over the last two years, reaching at 372% increase in turnover in financial year 21.
As per its September quarter report, the Group’s operating EBITDA stood at AU$2.0 million,
and the Group held cash of AU$16.3 million for the quarter. Tesserent shares are trading at AU$0.170.
Well, that’s all for now. We will be back soon with our Buzzing Trends show to share
the latest market insights with you. Till then, Stay tuned with Kalkine TV for more stock,
business and economy related hot trends.