Alarum Technologies Ltd Sponsored Adr ( ($ALAR) ) has released its Q3 earnings. Here is a breakdown of the information Alarum Technologies Ltd Sponsored Adr presented to its investors.
Alarum Technologies Ltd. is a global provider of internet access and web data collection solutions, primarily operating through its NetNut business unit. The company is renowned for its advanced hybrid proxy network, facilitating anonymous data collection from public web sources.
In its third quarter 2024 earnings report, Alarum Technologies announced revenues reaching $7.2 million, aligning with the upper end of its guidance. The company recorded a net profit of $4.2 million and an Adjusted EBITDA of $1.4 million, surpassing expectations. Cash and cash equivalents at the quarter’s end stood at a robust $24 million.
Key highlights include NetNut’s impressive growth, with revenues surging 63% year-over-year, surpassing its entire 2023 performance within the first nine months of 2024. The company’s strategic focus on enhancing its IP Proxy Network and expanding its Data Collection and Labeling market presence has been pivotal, with significant milestones achieved such as the adoption of its Website Unblocker product by a Fortune 200 company.
Looking ahead, Alarum Technologies remains optimistic about its growth trajectory. The company projects fourth-quarter revenues of approximately $7.5 million and an Adjusted EBITDA range of $1.3 to $1.7 million. Strong cash generation positions Alarum well to seize future opportunities, reinforcing its commitment to long-term value creation and strategic expansion.
