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Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global leader in providing advanced internet access and web data collection solutions. The company operates through two main segments: Enterprise Internet Access and Consumer Internet Access. The enterprise segment focuses on web data collection and private internet browsing platforms, offering services like the newly developed SERP Scraper API and Website Unblocker. These solutions enable enterprises to collect real-time structured data from search engines, improving SEO and market research.
Headquartered in Tel Aviv, Israel, Alarum has a significant international presence, including the UK Virgin Islands, Israel, Europe, APAC, MEA, Hong Kong, and the USA. The company's Enterprise Internet Access segment generates the majority of its revenue from the APAC region, followed by the United States.
Alarum’s top-notch infrastructure is built on a secure hybrid proxy network, featuring both exit points via proprietary reflection technology and hundreds of servers globally. This network ensures privacy, quality, stability, and speed, enabling clients to collect data anonymously at any scale. The company's innovative products, like the AI Data Collector, automate data scraping processes, adapting to website changes seamlessly, which is crucial for industries ranging from financial services to healthcare.
Financially, Alarum has shown impressive growth. For instance, the company’s revenue crossed $7 million in the fourth quarter of 2023, with a total expected revenue of approximately $26.5 million for the year. NetNut Ltd., a wholly owned subsidiary, saw its annual revenue surge 150% to over $21 million in 2023. This growth underscores Alarum's strategic focus on enhancing its product offerings and expanding its customer base.
Recent achievements include the onboarding of new customers for the SERP Scraper API, the launch of the Website Unblocker, and the AI Data Collector product line. These innovations align with Alarum's goal to provide cutting-edge web data collection solutions, addressing the growing demand in the market.
For more information about Alarum and its suite of internet access solutions, please visit www.alarum.io.
Alarum Technologies (Nasdaq, TASE: ALAR) reported strong Q2 2024 results, with record revenues of $8.9 million, up 27% year-over-year. The company's NetNut data collection product drove growth, reaching $8.7 million in Q2 2024. For H1 2024, revenues hit a record $17.3 million, with NetNut contributing $16.7 million, a 99% year-over-year increase. The company's cash balance stood at $21.6 million, positioning it well for future investments. Alarum expanded its customer base, including a Fortune 100 client in Q3 2024, and maintained a strong Net Retention Rate of 1.59. For Q3 2024, the company expects continued year-over-year growth with estimated revenues of $7 million ±3% and Adjusted EBITDA between $0.8 to $1.0 million.
Alarum Technologies (Nasdaq, TASE: ALAR), a global provider of internet access and web data collection solutions, has announced it will release its financial results for the second quarter ended June 30, 2024, before the Nasdaq market opens on Monday, August 26, 2024. The company will host a conference call at 8:30 a.m. Eastern time on the same day, led by CEO Shachar Daniel and CFO Shai Avnit, to discuss the results and conduct a Q&A session.
Investors can join the call using the provided toll-free and international dial-in numbers. The conference call will be broadcast live and available for replay on the company's website. A replay of the call will be accessible until September 24, 2024.
Alarum Technologies (Nasdaq, TASE: ALAR), a global provider of internet access and web data collection solutions, has announced its participation in the Canaccord Genuity 44th Annual Global Growth Conference. The company's management is set to present on Tuesday, August 13, 2024, at 4 p.m. EST.
A live and archived webcast of the presentation will be available on the 'Investors' section of Alarum's website. Additionally, Alarum plans to release its fully reviewed financial statements for the first half of 2024 on or before August 31, 2024. This participation in the conference provides an opportunity for Alarum to showcase its growth and strategies to potential investors and industry professionals.
Alarum Technologies announced its preliminary financial metrics for the first half of 2024, reporting estimated record revenues of $17.2 million and record operating cash flow of $6.3 million. The revenue growth represents an increase of over 35% compared to the same period in 2023.
NetNut, a subsidiary, saw revenues grow by more than 95% year-over-year, contributing $16.7 million. The company's cash and cash equivalents rose to an all-time high of approximately $21.7 million.
Chief Executive Officer Shachar Daniel emphasized the strong performance and their commitment to further innovation and strategic investments. Full financial statements are expected on or before August 31, 2024.
Alarum Technologies announced record financial results for Q1 2024. Revenues soared to $8.4 million, marking a 47% increase YoY. IFRS gross margin rose to 78% compared to 66% in the previous year. IFRS net profit reached $1.4 million, while non-IFRS net profit surged to $2.8 million. The company recorded an EPS of $0.23 and $0.45 respectively. Adjusted EBITDA hit a record $3.2 million, up from $0.1 million a year ago. Subsidiary NetNut's revenues rose 139% YoY, driven by new customer acquisitions and a high Net Retention Rate of 1.66. The company introduced innovative products like the 'Website Unblocker' and 'AI Data Collector,' aimed at enhancing web data collection capabilities. Alarum's financial health improved with shareholders' equity rising to $17.1 million and cash equivalents reaching $15.1 million.
Alarum Technologies (Nasdaq, TASE: ALAR) will release its financial results for the first quarter of 2024 on May 21, 2024. The Company will host a conference call on the same day at 08:30 a.m. Eastern Time. Mr. Shachar Daniel, CEO, and Mr. Shai Avnit, CFO, will discuss the financial results followed by a Q&A session. Participants can join the call by dialing the provided numbers.
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