Core Viewpoint - A class action lawsuit has been filed against Alarum Technologies Ltd. for allegedly misleading investors about its business prospects during a specified period [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Alarum failed to disclose its inefficacy in retaining and expanding customer engagements, which would impair its ability to generate consistent revenue growth [2]. - Alarum's business and financial prospects were allegedly overstated, leading to materially false and misleading public statements [2]. - On August 26, 2024, Alarum announced Q2 2024 results and Q3 2024 guidance, expecting revenue of $7 million, significantly below the $9.2 million projected by analysts [3]. - The CEO attributed the disappointing guidance to reduced customer spending that began in June 2024, resulting in a 31.34% drop in the ADR price, closing at $14.83 on the announcement date [3]. Group 2: Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file their papers by April 14, 2024, to represent other class members in the litigation [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 3: Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, aiming to help shareholders recover losses and improve corporate governance since 2002 [5].

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Alarum Technologies Ltd. ("Alarum" or the "Company") (NASDAQ: ALAR) and certain officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv-01263, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Alarum securities between March 14, 2024 and August 26, 2024, ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Alarum Technologies Ltd. ("Alarum" or the "Company") (NASDAQ: ALAR) investors of a class action representing investors that bought securities between March 14, 2024 and August 26, 2024, inclusive (the "Class Period"). Alarum investors have until April 15, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley ...

SAN DIEGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Alarum Technologies Ltd. (NASDAQ: ALAR) securities between March 14, 2024 and August 26, 2024, both dates inclusive (the “Class Period”), have until April 15, 2025 to seek appointment as lead plaintiff of the Alarum Technologies class action lawsuit. Captioned Velvart v. Alarum Technologies Ltd., No. 25-cv-01263 (D.N.J.), the Alarum Technologies class action lawsuit charges Alarum Technolo ...

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Alarum Technologies Ltd. (NASDAQ: ALAR) between March 14, 2024 and August 26, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 15, 2025.So What: If you purchased Alarum securities during the Class ...

LOS ANGELES, Feb. 18, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Alarum Technologies Ltd. ("Alarum" or "the Company") (NASDAQ: ALAR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 14, 2024 and August 26, 2024, inclusive (the "Class Period ...

NEW YORK, Feb. 16, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Alarum Technologies Ltd. (“Alarum” or “the Company”) (NASDAQ: ALAR) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Alar ...

Core Viewpoint - The Alarum Technologies class action lawsuit alleges that the company and its executives made misleading statements regarding customer engagement and revenue growth, leading to significant financial losses for investors during the specified class period [3][4]. Group 1: Lawsuit Details - The class action lawsuit seeks to represent purchasers of Alarum Technologies Ltd. securities from March 14, 2024, to August 26, 2024 [1]. - The lawsuit is titled Velvart v. Alarum Technologies Ltd., No. 25-cv-01263 (D.N.J.) and charges the company with violations of the Securities Exchange Act of 1934 [1]. - Alarum Technologies is accused of being less effective in retaining and expanding customer engagements than previously represented, which would impair its ability to generate consistent revenue growth [3]. Group 2: Financial Impact - On August 26, 2024, Alarum Technologies announced an expected third-quarter revenue of $7 million, significantly below the $9.2 million projected by analysts [4]. - Following this announcement, the price of Alarum Technologies' American Depositary Receipts fell by over 31% [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Alarum Technologies securities during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [5]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in such cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].

Financial Data and Key Metrics Changes - Total revenues for Q3 2024 reached $7.2 million, a 6.6% increase from $6.8 million in Q3 2023, with NetNut contributing $7 million, up 13.7% from $6.1 million in Q3 2023 [20][23] - Non-IFRS gross margin for Q3 2024 was 73.6%, down from 79.4% in Q3 2023, attributed to investments in expanding the IP network [21] - IFRS net profit increased to $4.2 million in Q3 2024, up from $1.1 million in Q3 2023, primarily due to higher finance income [23] - Cash and cash equivalents at the end of Q3 2024 were $24 million, up from $10.9 million as of December 31, 2023 [25] Business Line Data and Key Metrics Changes - The data collection business unit, NetNut, accounted for nearly 100% of the company's business in Q3 2024 [7] - The company introduced a new dashboard for the IP proxy network, enhancing customer experience and receiving positive feedback [11] Market Data and Key Metrics Changes - The company is expanding its market share in the IP proxy network and data collection and labeling market, with a focus on addressing evolving market needs [10][15] - A Fortune 200 company expanded its subscription to include the Website Unblocker product shortly after initial engagement, indicating strong market demand [14] Company Strategy and Development Direction - The company is focused on expanding its customer base and investing in technological innovation to drive long-term growth [28] - The strategy includes consistent investment in the network to support customer demand and enhance profitability [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong customer retention rates and projected revenue growth for Q4 2024, estimating revenues of $7.5 million [26] - The company aims to leverage its investments in NetNut to capitalize on the growing demand for data collection solutions [16] Other Important Information - The company has no immediate need for capital despite filing for a capital raise, as it is well-funded and profitable [55] - The total number of warrants outstanding is approximately 240,000 ADSs, with exercise prices around $33 and $12 [56] Q&A Session Summary Question: Clarification on IPPN network investments - Management indicated that investments were driven by customer feedback and are essential for maintaining a reliable network, with expectations to keep gross margins stable unless unique opportunities arise [32][33] Question: Details on the Fortune 200 customer win - Management could not disclose specific revenue figures but noted that the engagement is expected to renew and potentially expand [34] Question: Insights on Net Revenue Retention (NRR) - Management stated that approximately 80% of revenues come from existing customers, with an NRR of 1.42 indicating strong customer growth over time [36][37] Question: Changes in business development pace - Management reported that business development metrics improved compared to the previous quarter, with no significant changes anticipated in the current quarter [42] Question: Pricing model for the Website Unblocker - The pricing model is based on duration and usage, with ongoing evaluations to determine the best approach for scaling [44] Question: Industry challenges and customer usage trends - Management noted that some customers have not returned to increase usage, but the focus remains on improving retention and adding new customers [49][50]

Achieves quarterly revenues of $7.2 million at top-end of guidance, record net profit of $4.2 million and Adjusted EBITDA outperformed guidance at $1.4 million; strong cash generation and $24.0 million in cash and equivalents at quarter end NetNut1 revenues in first nine months of 2024 grew 63% year-over-year and surpassed full year 2023 revenues TEL AVIV, Israel, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet acces ...