Alarum Technologies American Depositary Share - ALAR STOCK NEWS

Alarum Technologies Ltd. (Nasdaq, TASE: ALAR), a global provider of internet access solutions, has announced the launch of a new white-label privacy solution aimed at consumers. This innovative solution focuses on enhancing user privacy by enabling them to control their online data through advanced encryption technologies.

CEO Shachar Daniel highlighted the company’s effort to diversify its service offerings, potentially opening up new markets beyond its traditional customer base. Discussions are already in progress with several large vendors interested in branding the new solution for their customers. The application allows users to direct their data through secure tunnels, ensuring that their online activities remain private and protected from unauthorized access.

Alarum Technologies Ltd. expects first-quarter revenues for 2023 to reach approximately $5.5 million, marking a 50% increase from $3.7 million in Q1 2022. This achievement reflects the company’s ongoing investment in its privacy products, resulting in a record-breaking ninth consecutive quarter of growth.

The company's operative cash burn rate has significantly reduced to about $0.3 million, showing efficient operational management. As of March 31, 2023, Alarum had a preliminary cash balance of approximately $3.7 million and secured $2.2 million in additional funds through credit facilities and strategic investments from 2022. Full financial results will be released by May 31, 2023.

Alarum Technologies Ltd. (Nasdaq: ALAR) reported record revenues of $18.8 million for 2022, marking an 83% increase from 2021. The fourth quarter revenues reached $5.2 million, a 37% growth year-over-year. NetNut Ltd., Alarum's enterprise internet access segment, has become cash flow positive. Although the company reported a net loss of $2.9 million in Q4 2022, this is a 36% improvement compared to Q4 2021. The company has successfully reduced its burn rate and is on track towards profitability. Additionally, Alarum's rebranding reflects its growth strategy, and it ranked #14 among Israel’s 100 Fastest Growing Companies.

Alarum Technologies Ltd. (Nasdaq: ALAR) will release its financial results for Q4 and 2022 on March 31, 2023. The results will be available before the market opens, followed by a conference call at 8:30 a.m. ET. CEO Shachar Daniel and CFO Shai Avnit will discuss the financial performance and answer questions. Alarum operates in internet access solutions, focusing on enterprise and consumer segments, providing advanced cybersecurity and privacy solutions.

The call will be accessible via teleconference, with details provided for toll-free and international dialing. A replay will be available until April 28, 2023.

Alarum Technologies Ltd. (Nasdaq: ALAR) has reported a significant increase in demand for its NetNut services in Asia, with monthly subscriptions tripling over two months. The company noted a surge in customer engagement, particularly from e-commerce and travel-tech sectors, leading to record usage volumes. A notable customer is spending approximately $150,000 monthly. Alarum aims to build on this momentum by expanding its sales team in the region. The company has doubled its infrastructure in 2022, enabling it to handle billions of requests and ensuring it remains cash flow positive.

Alarum Technologies Ltd. (NASDAQ: ALAR) announced concerns regarding potential trading abuses impacting its stock price. The Board of Directors approved an investigation into these issues, including the recruitment of specialists to monitor trading activity. CEO Shachar Daniel highlighted the potential harm of illegal short-selling on market integrity and pledged to protect shareholder interests. The Company aims to collaborate with others facing similar challenges to restore fair market conditions and ensure that its stock reflects its true performance.

Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) announced that its Enterprise Internet Access arm, NetNut Ltd., has entered the retail AI market and secured its first retail customer. This development positions NetNut as a provider of digital technologies and analytics for retail vendors, allowing them to collect and analyze data efficiently. NetNut's services enable retailers to track pricing, availability, and customer behavior, facilitating data-driven decision-making. CEO Shachar Daniel emphasized NetNut's capability to scale data access and respond to industry needs, asserting the company's commitment to expanding its network and enhancing its offerings in a competitive retail landscape.

Alarum Technologies Ltd. reported strong performance in 2022, achieving over $18.5 million in estimated annual revenues and eight consecutive quarters of revenue growth. The company, previously focused on enterprise cybersecurity, has rebranded to reflect its shift towards providing enterprise and consumer internet access solutions. In January 2023, Alarum estimated revenues of $1.8 million, with a decreasing burn rate, indicating positive cash flow. Their Enterprise Internet Access arm, NetNut, now supports processing billions of requests, while their Consumer Internet Access solutions are designed to enhance user privacy. The company has secured strategic investments and credit lines to support growth and customer acquisition.