Anyone who is interested in the cybersecurity industry at this point may do well to consider keeping an eye on Zerify, Inc. (OTCQB:ZRFY). It is a cybersecurity company involved with secure video conferencing products and yesterday, it had come into focus after it announced its financial results for the third fiscal quarter that ended on September 30, 2022.

Despite the drop in revenues, Kay noted that the feedback the company received with regard to its Zerify Defender and Zerify Meet products from partners, as well as distributors, had been positive. He noted that there was the expectation that the number of orders was going to get accelerated in the days ahead and in the next year.

The company had also partnered not too long ago with the firm VationVentures and Kay pointed out that the partnership had shown early promise and it could lead to notable contribution towards the bottom line in 2023. The partnership with VationVentures had been made with the aim of adding another three to five strategic partners and around 15-20 value-added resellers for Zerify.

One of the more important things Kay pointed out was that the company expected demand to a spike in the near future because the products from Zerify had been recognized by those in the information technology industry. Despite the drop in revenues, there were plenty of promising statements from Kay and hence it is going to be interesting to see if the Zerify stock garners any interest this week or not. It may be a good move to add it to your watch list.

By Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for more than a decade on several financial projects related to stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI.

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