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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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