Tego Cyber Inc. Discusses 2022 Fiscal First Quarter Results with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - November 23, 2021) - The Stock Day Podcast welcomed Tego Cyber Inc. (OTCQB: TGCB) ("the Company"), a company that was created to capitalize on the emerging cyber threat intelligence market. CEO of the Company, Shannon Wilkinson, joined Stock Day host Everett Jolly.
Wilkinson began the interview by providing a brief overview of the Company and its current projects, which include the development of a cyber threat intelligence application that is designed to integrate with security platforms and other cyber security tools to identify threats within an enterprise network.
"We did launch our threat intelligence platform integration with Splunk," shared Wilkinson. "They are also one of the market leaders for SIEM platforms," she added, noting that Splunk also has over 15,000 clients worldwide.
"We are hoping to onboard and put some news out about clients coming into our platform in the very near future, and we are also working on launching a channel partner program," continued Wilkinson, noting that the Company is taking a hybrid sales approach to help expand their platform. "That is really our focus now."
"Could you give us a quick overview of the last quarter and your thoughts?", asked Jolly. "By September 30th, we were still considered a development stage company, so we didn't really generate any revenue," said Wilkinson. "We did incur more operating costs, just because we were ramping more development teams and getting ready for our commercial launch."
"We did close out our S1 that was open, so we have quite a bit of working capital. In fact, we believe we have enough working capital to sustain us for at least a year, in which time we expect that we will be in revenue and profitability," said Wilkinson.
"What are you goals for the next three months?", asked Jolly. "We're really focused on the sales and marketing," said Wilkinson. "We plan to probably double the size of our in-house sales team and we're looking at getting about five channel partner agreements signed," she said. "In the quarter, in the beginning of next year, we're targeting to have a minimum of one million in revenue."
"We are also working on developing additional integrations," shared Wilkinson, adding that the Company expects to release news regarding upcoming integrations in the near future.
To close the interview, Wilkinson encouraged listeners to keep up-to-date on the Company's current and upcoming projects through their active social media platforms and website as they continue to expand their cyber threat intelligence platform.
To hear Shannon Wilkinson's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7985112-tego-cyber-inc-discusses-2022-fiscal-first-quarter-results-with-the-stock-day-podcast.
About Tego Cyber Inc.
Tego Cyber Inc. (OTCQB: TGCB) ("the Company") was created to capitalize on the emerging cyber threat intelligence market. The Company has developed a cyber threat intelligence application that integrates with top end security platforms to gather, analyze, then proactively identify threats to an enterprise network. The Tego Guardian Threat Intelligence Platform takes in vetted and curated threat data and after utilizing a proprietary process, the platform compiles, analyzes, and then delivers that data to an enterprise network in a format that is timely, informative, and relevant. The threat data provides additional context including specific details needed to identify and counteract threats so that security teams can spend less time searching for disparate information. The first version of the application will integrate with the widely accepted Splunk SIEM to provide real-time threat intelligence to macro enterprises using the Splunk architecture. The Company plans on developing future versions of the Tego Guardian app for integration with other established SIEM systems and platforms including: Elastic, IBM QRadar, AT&T Cybersecurity, Exabeam, and Google Chronical. For more information, please visit www.tegocyber.com.
The statements contained in this press release, those which are not purely historical or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding the Company's expectations, hopes, beliefs, intentions or strategies regarding the future constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. All forward-looking statements included in this press release are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks factors described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.
Tego Cyber Inc.
8565 S Eastern Avenue, Suite 150
Las Vegas, Nevada 89123
Tel: 855-939-0100 (North America)
Tel: 725-726-7840 (International)
Tego Investor Relations:
Crescendo Communications, LLC
About The "Stock Day" Podcast
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104865