Hub Cyber Security Ltd

Earnings data Q3 2023

Hub Cyber Security (Israel) Ltd. engages in the development of computer software and the establishment of quality and reliability systems. It operates through the following segments: Consulting, Software, Training, and Software Testing and Outsourcing. The Consulting segment provides engineering and management consulting services in the fields of management and establishment of quality and reliability systems, reliability and safety analyzes, improvement works of processes and products, risk analysis and management, writing procedures and analytical reports, certification of organizations and companies according to accepted standards. The Software segment engages in software development for calculating reliability and safety data, for collecting and reporting incidents and faults, as well as databases. The Training segment engages in trainings and certifications in the areas of quality, safety, reliability and as part of training for the IDF, in the fields of command, management, organizational behavior, and preparation for military service. The Software Testing and Outsourcing segment provides solutions and services in the fields of test engineering, formation and characterization of processes, establishment of test groups and laboratories, development of quality indices, implementation of test methodologies in accordance with the organization's strategy and placement of employees in the above fields. The company was founded by Zigmund Bluvband on June 13, 1984 and is headquartered in Tel Aviv, Israel.

Settlement Agreement Covers Over 60% of the Company's Secured Debt; Principal Payments Deferred to Mid-2025 Settlement Agreement Covers Over 60% of the Company's Secured Debt; Principal Payments Deferred to Mid-2025

HUB Secures $7M In Debt Restructuring, Strengthening Financial Stability and Growth Trajectory

TEL AVIV, Israel, Dec. 17, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announced receipt of a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"). The Company was notified that Nasdaq has determined to delist the Company's securities from the Nasdaq Global Market. As a result, the Company is exercising its right to request an appeal (the “Appeal”) of the Staff Determination before the Nasdaq Hearings Panel (the “Panel”). Such Appeal hearing request will result in a stay of any suspension or delisting action pending the Appeal hearing, and in the meantime, the Company's securities will continue to be fully tradeable and listed on the Nasdaq Global Market

HUB Security Announces Receipt of Staff Delisting Notice and Initiation of Appeals Process

HUB Cyber Security Ltd. (NASDAQ:HUBC ) Q2 2024 Earnings Conference Call December 2, 2024 9:00 AM ET Company Participants Ben Shamsian - Lytham Partners Noah Hershcoviz - CEO Conference Call Participants Operator Good morning, and welcome to the HUB Cyber Security's First Half 2024 Financial Results Conference Call.

HUB Cyber Security Ltd. (HUBC) Q2 2024 Earnings Call Transcript

A Year of Transformation, Momentum, and Leadership in Secure Data Solutions and Modern Compliance A Year of Transformation, Momentum, and Leadership in Secure Data Solutions and Modern Compliance

HUB Cyber Security Reports First Half 2024 Financial Results and Corporate Update

TEL AVIV, Israel, Nov. 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB Security” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announces an agreement with AGP to reduce by 70% its $5.7 million convertible note obligations by way of amicably negotiated settlement, as part of the Company's strategic efforts to strengthen its balance sheet and reduce overall debt.

HUB Cyber Security Reduces $5.7 Million Debt by 70%, Secures Additional Funding, Plans Long-Term Refinancing and Welcomes a New Word-Class Board Member

Conference call will be held on Monday, December 2, 2024, at 9:00 am ET Conference call will be held on Monday, December 2, 2024, at 9:00 am ET

HUB Cyber Security to Discuss First Half 2024 Financial Results and Provide Corporate Update on December 2, 2024

TEL AVIV, Israel, Nov. 05, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB Security”; or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, is pleased to provide an update on several initiatives and developments as it continues to enhance its market position and deliver value to its stakeholders.

HUB Security Announces Strategic Initiatives and Upcoming Financial Results Amid U.S. Market Penetration Plans

Tel Aviv, Israel, October 30, 2024 – PRISM MediaWire – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB Security” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.

HUB Security to Present at the 2024 ThinkEquity Conference

TEL AVIV, Israel, Aug. 29, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of cybersecurity solutions and services (the “Company”), was notified on August 23, 2024, by the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is no longer in compliance with Nasdaq Listing Rule 5450(b)(3) (the “Total Assets and Total Revenue Requirement”) because the Company's total assets and total revenue for the most recently completed fiscal year and two of the last three most recently completed fiscal years were each below the minimum $50 million threshold for continued listing on The Nasdaq Global Market.

HUB Receives Nasdaq Notification Regarding Total Assets and Total Revenue Non-compliance

HUB and Blackswan Technologies Elevate Partnership to Penetrate Major Financial Institutions and Grant HUB the Option to Purchase BST. The Current Phase of the Collaboration Focuses on a Group of Banks in Western Europe, with a Deal Valued at Approximately €20 Million. HUB and Blackswan Technologies Elevate Partnership to Penetrate Major Financial Institutions and Grant HUB the Option to Purchase BST. The Current Phase of the Collaboration Focuses on a Group of Banks in Western Europe, with a Deal Valued at Approximately €20 Million.

HUB Security Formalizes Collaboration with Blackswan Technologies to Lead the Rapidly Growing Secured Data Fabric (SDF) Multi-Billion Dollar Market

TEL AVIV, Israel, Aug. 19, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric ("HUB Security" or the "Company"), is pleased to announce the successful completion of a $3.3 million private placement from non-U.S. investors.

HUB Security Announces $3.3 Million Investment to Accelerate Corporate Growth

"HUB Security Embarks on New Chapter; with New Leadership Onboard, $42.6M in Revenue and a Solid Customer Base" "HUB Security Embarks on New Chapter; with New Leadership Onboard, $42.6M in Revenue and a Solid Customer Base"

HUB Security Reports Fiscal 2023 Financial Results

TEL AVIV, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Security Ltd (Nasdaq: HUBC), a developer of cybersecurity solutions and services (“HUB” or the “Company”), received a notification from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1), because for the past 30 consecutive business days preceding the date of the notification (“Notice”), the bid price per share of the Company's ordinary shares, no par value (“Ordinary Shares”) had closed below the $1.00 per share minimum bid price required for continued listing on Nasdaq (the “Minimum Bid Price Requirement”).

HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement

TEL AVIV, Israel, June 24, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, today released the following statement regarding the recent announcement published on May 23, 2024:

HUB Cyber Security Provides Updates on Financial Reports and Recent Business Developments

TEL AVIV, Israel, June 20, 2024 (GLOBE NEWSWIRE) -- via IBN –- HUB Cyber Security Ltd. (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, today released the following statement regarding recent press reports about a settlement with Oppenheimer & Co.:

HUB Cyber Security Ltd. Confirms Settlement Progress with Oppenheimer & Co.

The Money 20/20 event, a premier global gathering for payments and financial services innovation, will provide an excellent platform for the HUB and BlackSwan tech teams to showcase how they can boost bank cybersecurity. The Money 20/20 event, a premier global gathering for payments and financial services innovation, will provide an excellent platform for the HUB and BlackSwan tech teams to showcase how they can boost bank cybersecurity.

HUB Cyber Security and BlackSwan to Jointly Showcase Advanced Secured Data Fabric Solution at Money 20/20 Event

TEL AVIV, Israel, May 23, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services ("HUB" or the "Company"), today announced that it requires additional time to complete the audit of its annual financial statements and file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “Annual Report”) with the Securities and Exchange Commission (“SEC”).

HUB Security Provides an Update on the 2023 Annual Report

This contract, valued at around $2 million, underscores ongoing expansion and successful integration after a recent acquisition. This contract, valued at around $2 million, underscores ongoing expansion and successful integration after a recent acquisition.

HUB Cyber Security Awarded Key Contract by the Israeli Airports Authority

TEL AVIV, Israel, April 19, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services ("HUB" or the "Company"), addresses the proceedings initiated by Dominion in the US and Israel, including an application to the District Court of Tel Aviv to commence proceedings under Israeli insolvency law.

HUB Cyber Security Strongly Responds To Dominion's Misleading Lawsuit; Reaffirms Dedication To Expansion And Worldwide Customer Support

HUB Cyber Security (NASDAQ: HUBC) stock price has staged a strong recovery in the past few days after the company made several important actions recently. It has soared from the year-to-date low of $0.6943 on April 3rd to a high of $1.30.

As the HUB Cyber Security (HUBC) stock price jumps, is it a buy?

Hub Cyber Security (NASDAQ: HUBC ) stock is taking off on Monday alongside heavy pre-market trading of the Israel-based cyber security solutions company's shares. This heavy trading has more than 11 million shares of HUBC stock changing hands as of this writing.

Why Is Hub Cyber Security (HUBC) Stock Up 35% Today?

Hub Cyber Security (NASDAQ: HUBC ) stock is falling on Thursday after updating investors on a shareholder's stake in the cyber security solutions company. The big news here is Dominion Holdings adjusting the number of HUBC shares that it owns.

Why Is Hub Cyber Security (HUBC) Stock Down 7% Today?

Hub Cyber Security (NASDAQ: HUBC ) stock is rising higher on Friday after the cyber security solutions company secured $8 million in financing. This comes from a straight debt arrangement.

Why Is HUB Cyber Security (HUBC) Stock Up 55% Today?

TEL AVIV, Israel, April 05, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and services (‘HUB' or the 'Company'), is pleased to announce a successful $8 million financing acquisition via a straight debt arrangement. This strategic financing is part of the company's ongoing effort to fortify its financial foundation and strategically invest in its future.

HUB Cyber Security Secures $8 Million in Financing to Accelerate Growth and Strengthen Financial Position

Hub Cyber Security (NASDAQ: HUBC ) stock is getting a boost on Thursday following the cyber security solutions company's acquisition of QPoint Technologies . Hub Cyber Security confirms that it now owns 100% of QPoint Technologies in a cash transaction.

News for Hub Cyber Security Ltd Stock (HUBC)