From GlobeNewswire: 2024-11-25 07:30:00

Alarum Technologies Ltd. achieved quarterly revenues of $7.2 million, with a record net profit of $4.2 million and Adjusted EBITDA of $1.4 million. NetNut revenues in the first nine months of 2024 grew by 63% year-over-year, surpassing full year 2023 revenues. The company’s CEO highlighted the success of their strategic shift towards focusing on NetNut, their data collection business unit.

The company significantly enhanced its IP Proxy Network infrastructure and launched a new dashboard for improved customer experience. They reached a milestone with their Website Unblocker product, attracting a Fortune 200 company as a customer. The Net Retention Rate reached 1.42 as of September 30, 2024.

In the third quarter of 2024, Alarum’s revenues hit the high-end of their guidance at $7.2 million, with $7.0 million attributed to NetNut. The company exceeded their Adjusted EBITDA guidance and demonstrated continued success in cashflow generation. The fourth quarter 2024 revenues are estimated at $7.5 million ±3%.

Alarum Technologies Ltd. reported a net profit of $5.3 million from continuing operations for the first nine months of 2024. The company’s financial outlook includes an estimated fourth quarter 2024 revenue of $7.5 million ±3% and an expected Adjusted EBITDA ranging from $1.3 million to $1.7 million. Shareholders’ equity as of September 30, 2024, totaled $25.0 million.

Alarum Technologies Ltd. is a global provider of internet access and web data collection solutions. Their NetNut solution offers enterprise internet access and web data collection based on a fast and secure hybrid proxy network. For more information, visit www.alarum.io.



Read more at GlobeNewswire:: Alarum Technologies Announces Third Quarter 2024 Results