Financial Data and Key Metrics - Q2 2024 total revenue increased to $8 9 million, up 27 2% from $7 million in Q2 2023 [18] - NetNut revenue in Q2 2024 reached $8 7 million, up 72% from $5 million in Q2 2023 [18] - Non-IFRS gross margin for Q2 2024 increased to 78 5%, up from 71% in Q2 2023 [18] - Adjusted EBITDA in Q2 2024 reached a record $3 4 million, more than three times higher than the same quarter last year [6] - Cash and cash equivalents at the end of Q2 2024 stood at $21 6 million, up from $10 9 million at the end of 2023 [20] Business Line Performance - NetNut, the Enterprise Internet Access arm, contributed $8 7 million of the total $8 9 million revenue in Q2 2024 [6] - NetNut revenue for the first six months of 2024 reached $16 8 million, a 98% YoY increase from $8 4 million in the same period of 2023 [6] - The company launched new products, Web Unblocker and AI Data Collector, which are expected to drive long-term growth in the data collection and labeling market [11] Market Performance - The company added major global brands to its customer base, including a Fortune 100 merchandise retailer and a leading social media platform with over 1 billion active users [9][10] - The IP Proxy Network (IPPN) segment is recognized as a top performer in the industry, with significant infrastructure improvements allowing for scalable and profitable growth [10] - The data collection and labeling market is expected to grow rapidly, with the company generating initial revenues from the Web Unblocker product in Q2 2024 [11] Strategy and Industry Competition - The company is focused on three growth engines: increasing market share in the IPPN segment, penetrating the data collection and labeling market, and providing data insights [8] - Investments in AI and analysis capabilities are expected to enhance the company's data products and maintain its position as an industry leader [12] - The company aims to establish the broadest data collection and insight offering, leveraging its technological innovations and global expansion [8] Management Commentary on Market Environment and Future Outlook - Q3 2024 revenues are projected to show YoY growth but may be lower than Q2 due to market dynamics affecting some customers [14] - Positive trends in monthly revenue growth were observed from June to August, driven by strong customer retention and new customer acquisitions [14] - The company expects to surpass full-year 2023 revenue within the first three quarters of 2024, driven by continued investment in new products and market expansion [15] Other Important Information - The company provided quarterly guidance for the first time, with Q3 2024 revenue expected to range between $7 million plus/minus 3% and adjusted EBITDA between $0 8 million to $1 million [21] - Non-cash finance expenses of $2 5 million were recorded in Q2 2024 due to the fair value increase of warrants issued in 2019-2020 [19] Q&A Session Summary Question: Revenue Drop in Q3 Despite High Retention Rates - The revenue drop in Q3 is attributed to a temporary slowdown in usage by some customers, but growth trends resumed in June and continued into August [28][30] - No customers were lost, but some reduced their bandwidth usage, leading to lower revenues [30] Question: Customer Concentration Metrics - In the first half of 2024, the top 5 customers generated $6 8 million, representing 8 3% of revenue per customer on average [34] - The next 38 customers generated $7 2 million, with each contributing an average of 1 15% of total revenue [34] Question: Data Collection Market Opportunity - The company is focusing on three pillars: IP proxy network infrastructure, data collection and labeling, and data insights [41] - The Web Unblocker and AI Data Collector are key products driving growth in the data collection market [41] Question: Guidance Certainty for Q3 2024 - The $7 million revenue target for Q3 2024 is based on a 90% confidence interval, with a plus/minus 3% range [43] Question: Go-to-Market Strategy for Larger Customers - The company has shifted its sales strategy to target enterprise customers, leveraging its network performance and scalability [46] - Some Fortune 100 customers were acquired through inbound inquiries, reflecting the company's growing brand awareness [46] Question: AI Data Collection and M&A Targets - The company is exploring M&A opportunities in data collection, labeling, and AI-driven data insights, with a focus on accelerating growth through strategic acquisitions [48] Question: Macro Trends and Future Volatility - The company expects continued growth in Q4 2024, supported by strong customer retention and new customer acquisitions, although no formal guidance was provided [52] Question: Transparency and US Election Business - The company increased transparency by releasing additional KPIs and quarterly guidance as part of its growth strategy [56] - The company confirmed it has no business related to the US election [56]

Alarum Technologies (NASDAQ:ALAR) just reported results for the second quarter of 2024.Alarum Technologies reported earnings per share of 41 cents. This was above the analyst estimate for EPS of 31 cents.The company reported revenue of $8.88 million.This was 0.63% worse than the analyst estimate for revenue of $8.94 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnin ...

Concludes strong first half of 2024 with record revenues of $17.3 million, progressing profitability metrics, solid cash generation and $21.6 million in cash and equivalents TEL AVIV, Israel, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet access and web data collection solutions, today announced financial results for the second quarter ended June 30, 2024.  “Today we announced the results of yet another strong record ...

There's no denying that the recent selloff — especially in the technology space — rattled investor nerves. At one point, it seemed as if the innovation sector could do absolutely no wrong. Of course, that's usually about the time when circumstances go awry. Sure enough, a meltdown ensued, driving down several popular tech stocks. However, that could also spell opportunity for the daring. To be clear, I'm not trying to make light of volatility. Certainly, when the market loses double-digit percentage points ...

Tel Aviv, Israel, July 31, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet access and web data collection solutions, today announced that the company will be participating in the upcoming Canaccord Genuity 44th Annual Global Growth Conference. Alarum’s management is scheduled to present on Tuesday, August 13, 2024, at 4 p.m. EST. A live and archived webcast of the presentation will be available on the "Investors" section of th ...

Jacob Wackerhausen/iStock via Getty Images Shares of Alarum Technologies Ltd. (NASDAQ:ALAR) sold off sharply following preliminary Q2 results which came in below consensus estimates. The stock is currently down about 30% from its 52-week high. While that headline is concerning, this is a case where context is important. Alarum has emerged as a fantastic growth story with shares still up more than 1000% over the past year. We highlighted the company's momentum with its "NetNut" web data collection SaaS platf ...

Cash and cash equivalents balance reaches all-time high of approximately $21.7 million NetNut's revenues estimated to grow more than 95% YoY in the first half of 2024 Tel Aviv, Israel, July 10, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) ("Alarum" or the "Company"), a global provider of internet access and web data collection solutions, today provided preliminary key financial metrics guidance for the six months ended on June 30, 2024. Based on a preliminary, unaudited review, ...

Cash and cash equivalents balance reaches all-time high of approximately $21.7 million NetNut’s revenues estimated to grow more than 95% YoY in the first half of 2024 Tel Aviv, Israel, July 10, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet access and web data collection solutions, today provided preliminary key financial metrics guidance for the six months ended on June 30, 2024. Based on a preliminary, unaudited review, ...

What’s making big money in 2024 … the “mania” that Louis Navellier is trading … Jonathan Rose gears up for earnings season … introducing Tom Gentile, Pattern TraderDo you know what’s making a lot of money this year?If your answer is “AI,” you’re only partially correct.The answer I’m looking for is “trading.” Specifically, momentum-based trading.This market approach boils down to “buy what’s been winning and sell what’s been losing.”Well, here in 2024, “what’s been winning,” which is AI, has continued winnin ...

Alarum Technologies Ltd. (NASDAQ:ALAR) Q1 2024 Earnings Conference Call May 24, 2024 8:30 AM ET Company Participants Shachar Daniel - Chief Executive Officer Shai Avnit - Chief Financial Officer Conference Call Participants Kris Tuttle - Caterpillar Investments Brian Kinstlinger - Alliance Global Partners Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Alarum Technologies' First Quarter of 2024 Corporate Update Conference Call. [Operator Instructions] This conference i ...