Alarum Technologies .(ALAR)

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Faruqi & Faruqi Reminds Alarum Technologies Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 15, 2025 – ALAR
GlobeNewswire News Room· 2025-03-26 19:13
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Alarum To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Alarum between March 14, 2024 and August 26, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, March 26, 2025 (GLOBE NEW ...
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Alarum Technologies Ltd. (ALAR) Shareholders
GlobeNewswire News Room· 2025-03-26 15:16
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Alarum Technologies Ltd. (NASDAQ: ALAR). Shareholders who purchased shares of ALAR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/alarum-technologies-ltd-loss-submission-form/?id=138516&from=3 CLASS PE ...
ROSEN, RANKED AND LEADING INVESTOR COUNSEL, Encourages Alarum Technologies Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ALAR
GlobeNewswire News Room· 2025-03-25 21:51
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024 and August 26, 2024, both dates inclusive (the “Class Period”), of the important April 15, 2025 lead plaintiff deadline. SO WHAT: If you purchased Alarum securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...
Lost Money on Alarum Technologies Ltd.(ALAR)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-03-24 09:45
NEW YORK, March 24, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Alarum Technologies Ltd. (NASDAQ: ALAR).Shareholders who purchased shares of ALAR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/alarum-technologies-ltd-loss-submission-form/?id=137695&from=4CLASS PERIOD: Mar ...
Class Action Filed Against Alarum Technologies Ltd. (ALAR) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-03-21 09:45
Core Viewpoint - Alarum Technologies Ltd. is facing a class action securities lawsuit due to alleged securities fraud that occurred between March 14, 2024, and August 26, 2024 [1][2] Group 1: Allegations - The lawsuit claims that Alarum Technologies Ltd. made false statements regarding its effectiveness in retaining and expanding customer engagements [2] - It is alleged that these misrepresentations would negatively impact Alarum's ability to achieve consistent revenue growth [2] - The complaint asserts that the company's business and financial prospects were overstated, leading to materially false and misleading public statements [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until April 15, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4]
Alarum Technologies .(ALAR) - 2024 Q4 - Earnings Call Transcript
2025-03-20 16:12
Brian Kinstlinger - Alliance Global Partners Kingsley Crane - Canaccord Genuity Alarum Technologies Ltd (NASDAQ:ALAR) Q4 2024 Results Conference Call March 20, 2025 8:30 AM ET Company Participants Shachar Daniel - Chief Executive Officer Shai Avnit - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Alarum Technologies Fourth Quarter and Full Year 2024 Corporate Update Conference Call. [Operator Instructions] This conferen ...
Alarum Technologies Announces Fourth Quarter and Annual 2024 Results
GlobeNewswire· 2025-03-20 11:35
A Pivotal Year, Marking Accomplishment of Strategic Shift to Data Collection, Hits Milestones Toward Becoming a Driving Force in the AI Revolution 2024 revenue increased to $31.8 million, of which $7.4 million was in the fourth quarter;2024 net profit rose to $5.8 million and adjusted EBITDA reached $9.4 million; Cash and liquid investments balance at year-end amounted to $25 million TEL AVIV, Israel, March 20, 2025 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company ...
Alarum Technologies .(ALAR) - 2024 Q4 - Annual Report
2025-03-20 11:30
Financial Performance - Revenues for the year ended December 31, 2024, amounted to $31.8 million, representing an increase of $5.3 million, or 20%, compared to $26.5 million for the year ended December 31, 2023[276]. - Adjusted EBITDA for the year ended December 31, 2024, was $9.4 million, compared to $5.2 million in 2023, reflecting a significant improvement[257]. - Non-IFRS net profit for the year ended December 31, 2024, was $8.4 million, compared to a loss of $4.7 million in 2023[257]. - The operating profit for the year ended December 31, 2024, was $6.7 million, compared to a loss of $5.5 million in 2023[273]. - The gross profit for the year ended December 31, 2024, was $23.9 million, compared to $18.8 million in 2023, indicating improved profitability[273]. - Gross profit for 2024 increased by $5.1 million to $23.9 million, representing a 27% increase compared to 2023[280]. - Net cash provided by continuing operating activities was $8.9 million in 2024, an increase of $4.3 million from $4.6 million in 2023[297]. - Cash and cash equivalents as of December 31, 2024, were approximately $15.1 million, with an additional $9.9 million in long-term debt investments[294]. Revenue Segments - The web data collection segment revenues increased by $9.6 million, or 45%, from $21.3 million to $30.9 million, attributed to an increase in sales volume[276]. - The consumer internet access segment revenues decreased by $4.3 million, or 83%, from $5.2 million to $0.9 million, due to the cessation of advertising services and scaling down of operations[276]. - Approximately 41% of data collection revenue in 2024 derived from 42 customers purchasing services between $100,000 and $1,000,000[260]. Operating Expenses - Total operating expenses decreased from $24.3 million in 2023 to $17.2 million in 2024, primarily due to the absence of goodwill impairment[273]. - Total cost of revenues for 2024 was $7.9 million, a 3% increase from $7.7 million in 2023, primarily due to a $2.1 million rise in web data collection segment costs[279]. - Research and development expenses rose to $4.5 million in 2024, a 26% increase from $3.6 million in 2023, driven by higher payroll costs in the web data collection segment[282]. - Sales and marketing expenses decreased by 30% to $7.0 million in 2024 from $10.0 million in 2023, mainly due to a reduction in consumer segment costs[284]. - General and administrative expenses increased by 32% to $5.7 million in 2024, primarily due to higher payroll and share-based compensation[287]. Shareholder Information - As of March 10, 2025, the company had approximately 69.3 million Ordinary Shares issued and outstanding, with an additional 10.3 million Ordinary Shares issuable upon exercise of outstanding warrants and employee options, which may dilute current shareholders' holdings[134]. - The company does not anticipate paying any cash dividends in the foreseeable future, and has never declared or paid cash dividends[137]. - Holders of ADSs may not receive the same distributions or dividends as those made to holders of Ordinary Shares, and may not receive any value for them if it is illegal or impractical to make them available[135]. - The issuance of additional Ordinary Shares due to outstanding warrants and options may depress the company's share price and create a "market overhang" effect[134]. Compliance and Regulatory Risks - The company is subject to U.S. and Israeli export control laws, which could limit its ability to compete in international markets if compliance issues arise[96]. - The company may be classified as a "passive foreign investment company" (PFIC) for U.S. federal income tax purposes, which could have negative tax consequences for U.S. taxpayers holding its ADSs or Ordinary Shares[142]. - The company regained compliance with Nasdaq's minimum bid requirement after changing the ratio of its ADSs to Ordinary Shares, following a failure to comply in 2022[133]. - Delisting from Nasdaq could adversely affect the company's business and the trading of its Ordinary Shares, potentially leading to trading in less efficient over-the-counter markets[133]. Intellectual Property Risks - The company’s reverse access technology is patent protected in several jurisdictions, including the U.S., Europe, Israel, China, and Hong Kong[105]. - The company may face challenges in obtaining and maintaining effective patent rights, which could impair its competitive position[108]. - The company relies on trade secret protection and confidentiality agreements to safeguard proprietary information, but these measures may not be fully effective[110]. - The company may face challenges in commercializing products due to potential infringement of third-party intellectual property rights, which could lead to costly litigation or licensing requirements[112]. - The company’s ability to develop and commercialize products may be blocked if third-party patents cover aspects of its formulations or processes[117]. Market and Economic Conditions - The company may experience challenges in meeting ESG expectations, which could impact its reputation and stakeholder relations[169]. - The company’s ability to generate future global revenues may be adversely affected by weakened economic conditions[167]. - The ongoing political unrest in Israel may deter foreign investment and lead to increased currency fluctuations and interest rates[160]. - The Israeli government downgraded its credit rating from A1 to A2 in October 2023, with a further downgrade to Baa1 and a negative outlook expected by September 2024[159]. - Geopolitical events, such as the conflict between Russia and Ukraine, may adversely affect the company's international business and economic conditions[97]. Risks Related to Operations - The company is exposed to foreign currency risk, with the NIS depreciating by 0.6% against the U.S. dollar in 2024, impacting net income due to higher expenses incurred in NIS[94]. - The company faces risks associated with global operations, including longer collection periods and higher costs of doing business internationally[165]. - The company is exposed to potential cybersecurity threats due to its association with Israeli operations[159]. - Insurance policies do not cover losses from war and terrorism, and government coverage may not be sufficient to cover potential damages[158]. - Political and military instability in Israel may adversely affect the company's operations and financial condition[150]. - The company has not been materially adversely affected by the ongoing war since October 7, 2023, but the future impact remains uncertain[157].
Levi & Korsinsky Notifies Alarum Technologies Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline - ALAR
Prnewswire· 2025-03-18 09:45
NEW YORK, March 18, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Alarum Technologies Ltd. ("Alarum Technologies Ltd." or the "Company") (NASDAQ: ALAR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Alarum Technologies Ltd. investors who were adversely affected by alleged securities fraud between March 14, 2024 and August 26, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com ...
Class Action Filed Against Alarum Technologies Ltd. (ALAR) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-03-17 09:45
NEW YORK, March 17, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Alarum Technologies Ltd. (NASDAQ: ALAR).Shareholders who purchased shares of ALAR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/alarum-technologies-ltd-loss-submission-form/?id=136019&from=4 CLASS PERIOD: Ma ...