Alarum sees Q1 revenue over $8.3M, up near 50% vs. 1Q23

In the first quarter of 2024, the Company is estimated to have generated approximately $3.2 million in cashflow from operating activities, compared to a negative cashflow of approximately $0.3 million for the same period in 2023. Cash and cash equivalents balance as of March 31, 2024, amounted to approximately $15.0 million. NetNut’s revenues surged approximately 140% in the first quarter of 2024 compared to the equivalent period in 2023. “We are proud to report preliminary numbers for yet another exceptional quarter, in which Alarum has achieved robust growth in both revenues and cash flow. This successful quarter reaffirms our dedication to driving innovation and excellence in everything we do. We continue to witness a growing demand for our new products, particularly our recently launched Web Unblocker, with the onboarding of new customers and the positive feedback we have received”, said Shachar Daniel, Alarum’s Chief Executive Officer.