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CYREN Ltd.

cyren.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 14, 2022. Its latest SEC filing is a 15-12G from Jul 25, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Sells cloud-based threat detection and threat intelligence services, plus email security products, to technology vendors, service providers and businesses.

Who Were Their Customers?

Technology vendors, email providers and managed service providers embed Cyren’s detection and intelligence tools in their products or infrastructure; businesses buy its email security directly or through channel partners.

Customers above 10% of revenue, FY2021
of revenue from one customer
FY2020: 23% from one customer

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▲ +4%
vs $5.6M in Q3 FY2021
Net income
▲ +5% (Loss)
vs −$5.8M in Q3 FY2021
  • Feb 28, 2023 Court appoints interim liquidating trustee The board resigned and executive management was terminated upon the trustee’s appointment.
  • Feb 22, 2023 Board decides to cease operations and begin insolvency proceedings The plan includes liquidation of subsidiaries; CEO Brett Jackson and CFO Jeffrey Dauer were also terminated.
  • Feb 22, 2023 Nasdaq determines to delist Cyren’s securities Cyren said it would not appeal and expected trading suspension on March 3, 2023.
  • Aug 5, 2022 Cyren sells its legacy secure email gateway business

Enterprise product focus Cyren moved from describing a broad integrated enterprise security suite to a strategy focused on email security, threat detection services and threat intelligence data.

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