Alarum Technologies Ltd
NASDAQ:ALAR

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Alarum Technologies Ltd Logo
Alarum Technologies Ltd
NASDAQ:ALAR
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Price: 7.78 USD -4.66%
Market Cap: 49.7m USD

Alarum Technologies Ltd
Investor Relations

Alarum Technologies Ltd. engages in the provision of zero trust access solutions. Safe-T Box, enables organizations to share data securely between people, applications and businesses. Safe-T’s secure front-end solution RSAccess, eliminates the need to store sensitive data in the DMZ, thereby reducing exposure to data breaches. Safe-T Box enables organizations to control and secure data exchange of any type and size between people, applications and businesses. Built on the industry's widest range of pre-configured application connectors and powered by an automated security policy enforcement engine, Safe-T Box is designed to rapidly add security and control across a wide variety of data exchange scenarios in the enterprise. Safe-T’s RSAccess is a disruptive front-end perimeter security solution designed to secure and simplify DMZ networks.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 24, 2023
AI Summary
Q2 2023

Record Revenue: Alarum reported $7 million in Q2 2023 revenue, marking its tenth consecutive quarter of growth.

Profit Focus: The company is scaling down investments in the Consumer Internet Access (CyberKick) segment to accelerate the path to profitability and improve margins.

Adjusted EBITDA: Achieved positive adjusted EBITDA of $1.1 million for Q2 2023, up from a $2.4 million loss in Q2 2022.

Impairment Impact: Net loss of $7.7 million in Q2 included $8.5 million in goodwill and intangible asset impairment from CyberKick.

Gross Margin Outlook: Gross margin from continuing operations is expected to improve from 65% to around 70% in future quarters.

Enterprise Growth: NetNut, the Enterprise Internet Access segment, continues to drive organic growth and profitability.

Financial Strengthening: The company paid off $1.6 million in debt, closing its revolving credit line.

Key Financials
Revenue
$7 million
Revenue (Six Months Ended June 30, 2023)
$12.7 million
Gross Profit
$4.5 million
Gross Profit (Six Months Ended June 30, 2023)
$8.3 million
Operating Expenses
$12.8 million
Operating Expenses (Excluding Impairment)
$4.3 million
Net Loss
$7.7 million
Net Loss Per Share
$0.23 basic loss per share
Adjusted EBITDA
$1.1 million
Cash and Cash Equivalents
$3.8 million
Shareholders' Equity
$6.1 million
Gross Margin
65%
Debt Reduction
$1.6 million reduction
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Shachar Daniel
Co-Founder, CEO & Director
No Bio Available
Ezra Muallem
Chief Operating Officer
No Bio Available
Tomer Cohen
Chief Technology Officer
No Bio Available
Moshe Kramer
Senior Vice President of R&D
No Bio Available
Jeffy Binhas
Chief Revenue Officer
No Bio Available
Mr. Eitan Bremler
Co-Founder and VP of Product Strategy, Marketing, & BD
No Bio Available
Mr. Shai Avnit CPA
Chief Financial Officer
No Bio Available
Mr. Omer Weiss
Corporate Legal Counsel
No Bio Available
Ms. Dafna Lipowicz
Vice President of Human Resources
No Bio Available

Contacts

Address
Herzliya
30 Haarba'a, P.O.Box 174
Contacts
+97298666110
safetgroup.com