Welcome to our dedicated page for Alarum Technologies news (Ticker: ALAR), a resource for investors and traders seeking the latest updates and insights on Alarum Technologies stock.
Alarum Technologies Ltd. reports business updates as a global provider of web data collection solutions traded on Nasdaq and TASE under ALAR. Company news centers on quarterly and annual results, revenue outlook updates, customer usage trends, and demand from AI model developers for large-scale public web data.
Recurring updates describe the expansion of Alarum's data infrastructure platform beyond proxy-focused services, including DataSets, Website Unblocker, custom Scrapers, and infrastructure capacity for enterprise-scale customers. News also covers conference participation and management discussions of operating performance, profitability, gross margin pressure, and investment in infrastructure, R&D, sales, and customer acquisition.
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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