Alarum Technologies Ltd. (ALAR) research, news, and more from GeoInvesting

Company description

Mon, 22 Jan 2024 14:42:49 GMT

Alarum Technologies Ltd. provides cybersecurity and privacy solutions to consumers and enterprises in Israel, the United States, the Middle East, the United Kingdom, the British Virgin Islands, the Asia Pacific, and internationally. The company operates through three segments: Enterprise Cybersecurity, Enterprise Internet Access, and Consumer Internet Access. It offers iShield, a cybersecurity cloud software that protects users from online threats, including phishing, malware, ransomware, and others; privacy solutions and services, a software solution that uses an encryption protocol which is defined upon the process being used to generate a secured encrypted path and keep the users' data private and safe; and web data collection solution allows organizations to collect vast amounts of web and internet data by simultaneously connecting to the Internet from different IP addresses. It also provides static residential proxy network, rotating residential proxy network, data center proxy network, premium dedicated static residential proxies, and data collection API cloud service, as well as advertising services to third party privacy products. The company offers its products through resellers, distributors, and internet service providers. It serves financial organizations, cyber security companies, industrial and commercial companies, online companies, education institutions, and others. The company was formerly known as Safe-T Group Ltd. and changed its name to Alarum Technologies Ltd. in January 2023. Alarum Technologies Ltd. was founded in 2013 and is headquartered in Tel Aviv-Yafo, Israel.

Research

Tue, 21 May 2024 18:17:46 GMT

Alarum Technologies Ltd. (NASDAQ:ALAR) ($28.00; $180.0M market cap) announced results for Q1 2024:

Sales of $8.3 million vs $5.6 million in the prior year
Non-IFRS EPS of $0.45 vs $0.03

“We are thrilled to report that NetNut's upward trajectory continues robustly, with revenues reaching an all-time high, having surged by 139%. This growth is driven by the acquisition of new customers and a strong customer retention rate (NRR), which now stands at 1.66. This demonstrates our success in not only retaining, but also significantly expanding our engagements with existing customers.”

Recall, ALAR provided some preliminary data for Q1 in early April.

ALAR, a global provider of internet access and web data collection solutions, is one of the holdings in our newly established Artificial Intelligence Screen.

Research

Mon, 08 Apr 2024 14:00:26 GMT

Alarum Technologies Ltd. (NASDAQ:ALAR) ($24.13; $154.2M market cap) announced preliminary results for Q1 2024.

Revenue for the first quarter of 2024 is estimated at more than $8.3 million, representing the highest quarterly revenue achievement to date and an estimated increase of close to 50% compared to the same period in 2023.
In the first quarter of 2024, the Company is estimated to have generated approximately $3.2 million in cash flow from operating activities, compared to a negative cash flow of approximately $0.3 million for the same period in 2023.

“We are proud to report preliminary numbers for yet another exceptional quarter, in which Alarum has achieved robust growth in both revenues and cash flow. This successful quarter reaffirms our dedication to driving innovation and excellence in everything we do. We continue to witness a growing demand for our new products, particularly our recently launched Web Unblocker, with the onboarding of new customers and the positive feedback we have received”, said Shachar Daniel, Alarum’s Chief Executive Officer.”

ALAR, a global provider of internet access and web data collection solutions, is one of the holdings in our newly established Artificial Intelligence Screen.

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Research

Thu, 14 Mar 2024 04:00:00 GMT

Reported Q4 2023 results:

Sales of $7.1 million vs $5.1 million in the prior year and in line with analyst estiamtes of $7.0 million
EPS of $0.27 vs loss of $0.48 in the prior year and in line with analyst estiamtes of $0.26

"We began 2024 on a high note, by setting new monthly revenue records," Mr. Daniel added. "Looking ahead, our strategy for 2024 involves expanding our cutting-edge product line, with a special emphasis on our advanced AI data collector series. The AI and data collection sectors complement each other significantly; it is imperative that AI platforms have access to large volumes of data. Furthermore, we aim to grow our presence in the IP proxy network (IPPN) sector by entering new markets, enhancing our network infrastructure, and partnering with more top-tier customers globally."

Chen Katz, chairman of the board of directors of Alarum, commented, "The ongoing demonstration of financial stability, growth and operating performance supported the record financial results for the quarter and entire year. We successfully crystalized and executed our business strategy, transforming into a high-growth, profitable company, which we believe will create value for our shareholders."