Alarum Technologies Ltd
NASDAQ:ALAR
Alarum Technologies Ltd
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.
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.
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.
