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.
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RedChip Companies will feature interviews with BullFrog AI (NASDAQ:BFRG) and Alarum Technologies Ltd. (NASDAQ:ALAR) on The RedChip Money Report this Saturday, April 15, at 7 p.m. ET. The program will be broadcast on Bloomberg TV, which reaches approximately 73 million homes in the U.S.
View the interviews online at:
BullFrog AI is focused on precision medicine using its proprietary bfLEAP™ AI platform to enhance drug development and patient therapy matching. Alarum Technologies provides internet access solutions, including privacy and cybersecurity for enterprises and consumers.
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.