Alarum reports Q4 EPS 3c vs. (9c) last year

Reports Q4 revenue $7.1M vs. $5.1M last year. “I am proud to share the most successful quarter in the Company’s history, as revenue, net profit and Adjusted EBITDA, all meaningfully exceeded results from the previous quarter. We delivered efficient operational execution following our decision, in the second quarter of 2023, to scale down other activities and focus on NetNut’s operations,” said Shachar Daniel, Alarum’s Chief Executive Officer. “We began 2024 on a high note, by setting new monthly revenue records,” Mr. Daniel added. “Looking ahead, our strategy for 2024 involves expanding our cutting-edge product line, with a special emphasis on our advanced AI data collector series. The AI and data collection sectors complement each other significantly; it is imperative that AI platforms have access to large volumes of data. Furthermore, we aim to grow our presence in the IP proxy network sector by entering new markets, enhancing our network infrastructure, and partnering with more top-tier customers globally.”