Hi Rob,
This $600mn cloud-based parental control business is fascinating in today’s rapidly evolving society where the technological knowledge of kids is leaving behind the parents!
QOR (formerly Family Zone Cyber Safety) has been showing some notable progress of late, in the last year, its stock price has more than doubled. For the most recent FY, the company reported $102 million in revenue, reflecting a ~24% increase YoY. However, it continues to operate at a net loss, with a reported deficit of $54.77 million, though this was a decent improvement compared to the prior year.
- As of June 2024, QOR had ~$9mn in cash and cash equivalents making the coming 1-2 years important if it wants to avoid a capital raise.
QOR could be said to be in the right place at the right time as it continues to focus on its core cybersecurity offerings, including its Qoria ecosystem platform, which integrates safety solutions into telecommunications and device manufacturers globally. Despite its growth and expanded market presence, challenges remain in achieving profitability and addressing cash flow concerns.
