Alarum sees 2022 revenue over $18.5M, consensus $18.49M

Based upon a preliminary, unaudited review, Alarum expects to report revenues for the full year ended December 31, 2022, of more than $18.5 million, compared to revenues of $10.3 million reported in the full year ended December 31, 2021, representing growth of approximately 80%. Revenue growth continues to be driven by the Company’s ongoing investment in its leading privacy products. Revenues for the fourth quarter ended December 31, 2022, were approximately $5 million, an increase of approximately 35% compared to $3.7 million reported for the fourth quarter ended December 31, 2021. The Company’s preliminary cash and cash equivalents balance as of December 31, 2022, aggregated to approximately $3.4 million. This balance does not reflect a potential of up to additional $2.7 million in funds that may be made available pursuant to the secured credit facility and investment financing entered into by the Company during 2022.