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TEL AVIV - HUB Cyber Security Ltd. (NASDAQ:HUBC), a micro-cap cybersecurity firm with a market value of $22.1 million, has achieved full compliance with all applicable Nasdaq Capital Market listing requirements, the company announced Thursday.
The cybersecurity firm received formal confirmation from Nasdaq that it now satisfies both the minimum bid price and market value of listed securities (MVLS) thresholds under Listing Rules 5550(a)(5) and 5550(b)(2). The Nasdaq Hearings Panel has verified that HUB has met all exceptions outlined in the Panel’s decision. According to InvestingPro data, the stock has shown high price volatility, currently trading at $2.20, near its 52-week low of $2.06.
This milestone follows a period of strategic restructuring and improved financial execution at the company, which specializes in confidential computing and secured data fabric technology.
In recent quarters, HUB has implemented a commercial expansion strategy, growing its contracted revenue base across banking, government, and digital asset sectors. The company has also introduced new AI-powered and quantum-resilient infrastructure solutions.
HUB, established in 2017 by veterans of Israeli Defense Forces intelligence units, operates in over 30 countries providing cybersecurity services and solutions designed to prevent data theft and hostile intrusions at the hardware level.
The company’s Secured Data Fabric platform was developed in partnership with its subsidiary, BlackSwan Technologies, focusing on secure data management and unification.
HUB continues to sign multi-year agreements with financial institutions and sovereign entities while expanding its presence in North America and Europe, according to the press release statement. However, InvestingPro analysis reveals challenging fundamentals, with revenue declining 30.7% and a weak gross profit margin of 11.66%. Subscribers to InvestingPro can access 12 additional key insights about HUBC’s financial health and market performance.
In other recent news, HUB Cyber Security Ltd. has secured contracts worth over $1.5 million, enhancing its presence in industries with strict data protection requirements. The company reported that recurring contracts, primarily from financial services and critical infrastructure, accounted for over 60% of its annual revenue for FY2024. Additionally, HUB has been chosen by Cassa di Risparmio della Repubblica di San Marino S.p.A. to lead a €20 million digital banking and infrastructure modernization project, pending regulatory approval. This initiative is expected to conclude by the end of 2025. In corporate developments, HUB has appointed Shlomo Bibas as an Independent Member of its Board of Directors, aiming to strengthen corporate governance and board expertise. Further expanding its leadership, John Rogers has been named President of the Americas Region as the company plans to establish its U.S. headquarters. HUB has also announced a 1-for-10 reverse stock split to meet Nasdaq’s minimum bid price requirement. These developments reflect the company’s strategic direction and ongoing global expansion efforts.
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