Strikeforce Technologies Inc (OTCMKTS:SFOR) Securing Your Data On All Fronts

With the prevalence of cyber-attacks in different economies and companies around the globe, the need for a safe and secure platform while online is palpable with the demand ever-growing.Strikeforce Technologies (OTCMKTS:SFOR) has come to quell this demand with three product solutions. The company, which has poised itself for growth, is backing on these novel products to grow and create a niche for itself in the over $500 billion technological space.The company’s share price trend is as seen below: SFOR Daily ChartIn this piece, we will take a closer look at the stock, assessing its potential upside based on its strategy and financial performance. We want to bring out our view on the benefits accruing to an investor investing in this stock for either the short or long term.Having said this, it is important for us to briefly review the company for readers with rudimentary knowledge of its operations.Strikeforce Technologies: An OverviewFounded in 2001 and with headquarters in New Jersey, SFOR are a software development and services company that offers a suite of integrated computer network security products using proprietary technology. Their ongoing strategy is developing and marketing our suite of network security products to the corporate, financial, healthcare, legal, government, technology, insurance, ecommerce and consumer sectors.According to management, they plan to continue to grow our business primarily through our globally expanding sales channel and internally generated sales, rather than by acquisitions.The company has three main products from which they generate revenues: ProtectID®, their keyboard encryptionandanti-keylogger product, GuardedID®, and their new mobile product, MobileTrust®. These three systems are patented by the company and are the foundation on which the company builds on to further its growth.Given the dynamic nature of the technology sector as well as its risks, Strikeforce is well positioned to gain revenues and make money given the right positioning, a factor which they are working at ensuring as will be seen later in this piece.Series of positive newsAs earlier stated, the company is set for period of increased revenues courtesy of the increased prevalence of cybercrime in the world. In a recent interview, the company’s CEO Mr. Kay was quoted saying:

“StrikeForce projects in 2017 are to be the game changing year for StrikeForce Technologies as our products are increasing in sales and demand as Cyber Theft and Data Breaches increase daily and gain greater media coverage with corporate and consumer growing concerns. The projected increase is also based on documented increased Cyber Security budgets in 2017-2018 globally across all markets.”

Source:With this background, the company is moving into 2017 hopeful of a boost in its revenues as well as profits.Moreover, the company has been included in the Business TV show “New To The Street”, a show by FMW Media Works Corp which paves the way to the latest financial issues, offering a blend of business and financial services news reporting and in-depth interviews relating to new products, economic analysis, and public company profiles. It has a viewership of over 100 million homes in the US while in Canada reaching potentially more than 5.3 million homes. SFOR expects to use this platform as a marketing platform to boost its customer base and therefore grow its revenues.Conformity of news and financesSFOR revenues for the quarter till June 2017 were at $58,000, a fall of about 30% from $83,000 in the previous quarter. Management attributed this decrease in revenue to the decreases in their hardware, software, services maintenance and support sales. They are, however, hopeful of a rise in revenue over the next period given their strategy and marketing campaigns.Despite this, their cost of goods remained fairly constant at about $ 3,000 from $ 2,000 in the previous period. This is, however, not termed a major problem in real terms given the cost effectiveness of the revenue generation in the company.Their sales and general expenses for the period, however, fell from $989,000 to $257,000 in the period till June 2017 and March 2017 respectively. The company’s management said they had enforced a cost cutting mechanism that would enable them work more efficiently as they moved on to future periods.The company’s net loss reduced by over 50% from $1,395,000 to $680,000 in the period till March 2017 and June 2017 respectively. This is also attributable to the cost cutting strategy the managers implemented in the period till June 2017.Given this, the management expects the trends depicted above to continue while they work at boosting their profits and cash flows into the future. They have invested significantly in both the products and the entity and are confident of positive news during the year 2017.ConclusionSFOR has built a strong presence is the area of cyber-security, gaining the trust of many players in the field. Its novel technologies and brilliant systems tell a tale of an understanding of the field and the details that goes into making them. Investment in the company serves as one in the future of cybersecurity as well as in your own future given the potential upside the company is bound to have.For the full story on SFOR, check out our complete coverage.We will be updating our subscribers as soon as we know more. For the latest updates on SFOR, sign up below!Disclosure: We have no position in SFOR and have not been compensated for this article.