Core Viewpoint - Rosen Law Firm is reminding investors who purchased Alarum Technologies Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 15, 2025 [1]. Group 1: Class Action Details - Investors who purchased Alarum securities between March 14, 2024, and August 26, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that Alarum made false and misleading statements regarding its customer engagement effectiveness and revenue growth potential, leading to investor damages when the truth was revealed [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 and has been consistently ranked among the top firms for securities class action settlements since 2013 [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Mullen Automotive, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Mullen securities between February 3, 2023, and March 13, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - The lead plaintiff must file a motion with the Court by April 14, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4]. Group 3: Case Allegations - The lawsuit alleges that Mullen made false and misleading statements regarding its intentions for a reverse stock split, overstated partnerships and battery technology capabilities, and failed to disclose material information about financing agreements [5]. - Specific allegations include the CEO's knowledge of the necessity for a reverse stock split and the failure to disclose prior convictions of a key individual involved with the company [5]. - The lawsuit claims that these misleading statements resulted in investor damages when the true information became public [5].

Financial Data and Key Metrics Changes - Software revenue for fiscal year 2024 was $120.1 million, up 7% year-over-year, while services revenue was $24.7 million, down 4% year-over-year, leading to total revenue of $144.8 million, up 5% from the previous year [7][45][46] - Adjusted EBITDA for fiscal year 2024 was negative $18.7 million, an improvement of $7.2 million from the prior year, with a net loss of $17.2 million, or negative 12% of revenue, compared to a net loss of $22.8 million, or negative 17% of revenue in 2023 [8][51][52] - The company ended the year with $129.1 million in cash and short-term investments, with no debt [8][52] Business Line Data and Key Metrics Changes - Revenue from customers contributing more than $100,000 grew at more than double the rate of those contributing less than $100,000, with 19 customers contributing more than $1 million in revenue [9] - The dollar-based net retention (DNR) improved year-over-year from 92% to 96%, with software DNR improving from 97% to 100% [9] Market Data and Key Metrics Changes - The company ended fiscal year 2024 with 315 customers each contributing more than $100,000 in total revenue, a 9% increase year-over-year [8][9] - The multi-product attach rate was 17% at year-end, indicating growth in customer engagement with multiple products [9][106] Company Strategy and Development Direction - The company is focused on becoming a more customer-centric organization, enhancing internal operations, and fostering cultural improvement [11][12] - The strategy includes targeting larger customers, reallocating investments to drive revenue growth, and enhancing the sales and marketing approach [21][84] - Product development is centered on core ediscovery and Cecilia AI capabilities, with a focus on delivering meaningful enhancements [30][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving breakeven adjusted EBITDA by Q4 2026, emphasizing a commitment to sustainable profitability and growth [42][43][68] - The company is optimistic about the early signs of success from its strategic shifts and is focused on driving innovation and improving execution [114] Other Important Information - The company recorded a full non-cash impairment charge of $15.2 million on its primary law asset and related capitalized development, which does not impact adjusted EBITDA [53] - For Q1 2025, total revenue guidance is in the range of $35 million to $37 million, with software revenue guidance between $30.1 million and $31.1 million [54] Q&A Session Summary Question: Selling environment in legal tech and AI tools - Management noted that the selling opportunity within the legal industry has become easier recently, with significant adoption of their Cecilia products [59][60] Question: Target for breakeven adjusted EBITDA - Management confirmed confidence in achieving breakeven adjusted EBITDA by Q4 2026, emphasizing a focus on larger customers to drive efficient growth [64][68] Question: Improvement in dollar net retention - Management reported that software retention improved to 100% from 97%, driven by larger customers, and expressed confidence in further improving DNR over time [72][74] Question: Investment priorities for the coming year - The company is investing in growth by targeting ideal customer profiles, enhancing sales leadership, and focusing on core ediscovery and Cecilia AI products [81][86] Question: Changes in sales force and maturity - Management indicated early positive results from the sales force changes, with a focus on larger customers leading to a 9% increase in customers spending over $100,000 [92][93]

Core Viewpoint - CS Disco reported a quarterly loss of $0.07 per share, better than the Zacks Consensus Estimate of a loss of $0.11, indicating a 36.36% earnings surprise [1] - The company has shown consistent performance by surpassing consensus EPS estimates for four consecutive quarters [2] Financial Performance - CS Disco's revenues for the quarter ended December 2024 were $37 million, exceeding the Zacks Consensus Estimate by 2.25%, and up from $35.74 million year-over-year [2] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $36.46 million, and for the current fiscal year, it is -$0.30 on revenues of $149.54 million [7] Stock Performance - CS Disco shares have increased by approximately 3.4% since the beginning of the year, compared to a 4.5% gain in the S&P 500 [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Internet - Software industry, to which CS Disco belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact CS Disco's stock performance [5]

Customer Growth and Retention - As of December 31, 2024, the company had 1,478 customers, up from 1,463 in the previous year, and 315 large customers, an increase from 289[28] - The dollar-based net retention rate was 96% as of December 31, 2024, indicating strong customer loyalty and revenue growth from existing customers[21] Product Offerings and Innovation - The company’s product offerings are designed to automate legal processes, significantly reducing manual tasks and improving lawyer productivity[25] - The Cecilia AI platform, launched in Q4 2023 in the U.S. and Q3 2024 in Europe, enhances legal workflows with features like Q&A and smart timelines[25] - The company aims to pursue strategic acquisitions and investments to enhance its platform and product offerings, indicating a focus on growth through innovation[36] - The company plans to expand its product offerings to address additional areas of the legal function, anticipating increased competition in these areas[47] Financial Performance - Revenue for the year ended December 31, 2024, was $144.841 million, an increase from $138.090 million in 2023, representing a growth of approximately 5.0%[365] - The company's gross profit for 2024 was $107.427 million, compared to $103.142 million in 2023, indicating a gross margin improvement[365] - Total operating expenses increased to $169.150 million in 2024 from $152.987 million in 2023, reflecting a rise of approximately 10.6%[365] - The net loss attributable to common stockholders for 2024 was $55.774 million, compared to a loss of $42.150 million in 2023, representing an increase in losses of approximately 32.4%[365] Cash and Investments - Cash and cash equivalents were reported at $52.771 million as of December 31, 2024, down from $159.551 million in 2023[363] - The company experienced a net decrease in cash and cash equivalents of $106,780 thousand in 2024, compared to a decrease of $43,693 thousand in 2023[369] - The Company purchased $87,937 thousand in short-term investments in 2024, while there were no purchases in 2023[369] - As of December 31, 2024, the Company had $76.4 million in short-term investments, primarily in U.S. government securities[436] Research and Development - The research and development organization comprised 163 employees as of December 31, 2024[43] - The Company capitalized $2.4 million in software development costs in 2024, down from $4.3 million in 2023[439] - The Company recognized impairment charges of $1.2 million related to capitalized software development costs during the fourth quarter of 2024[440] Stock-Based Compensation and Share Repurchase - Total stock-based compensation expense for the years ended December 31, 2024 and 2023 was $22.3 million and $16.2 million, respectively[461] - The Company authorized a share repurchase program of up to $20.0 million, completing the repurchase of approximately 2.6 million shares at a weighted average price of $7.66 as of June 30, 2024[477] - The Company reversed $7.7 million in previously recognized stock-based compensation expense in September 2023 due to the termination of the CEO and cancellation of the CEO Performance Award[475] Tax and Deferred Tax Assets - The provision for income taxes for the year ended December 31, 2024, was $332,000, compared to $443,000 for 2023, reflecting a decrease in tax expenses[480] - The net deferred tax asset (liability) as of December 31, 2024, was $(127,000), compared to $(145,000) as of December 31, 2023, indicating a slight improvement[480] - The Company had a total deferred tax asset of $76.3 million and total deferred tax liabilities of $3.7 million as of December 31, 2024[480] Impairment Charges - The Company recorded a $15.2 million impairment charge in the year ended December 31, 2024, related to the primary law finite-lived intangible asset and capitalized software development costs[401] - A full non-cash impairment charge of $14.0 million was recorded for the primary law intangible asset due to zero future cash flows identified[452] - The Company recorded a $1.2 million non-cash impairment charge related to capitalized software development costs associated with the integration of the primary law intangible asset[454] Workforce and Organizational Changes - As of December 31, 2024, the Company had 151 professionals in its sales and marketing organization[41] - The Company recorded restructuring charges of $2.6 million during the year ended December 31, 2023, related to a global workforce reduction of approximately 9%[458]

Financial Performance - Fourth Quarter 2024 total revenue was $37.0 million, a year-over-year increase of 4%[2] - Software revenue for the fourth quarter was $30.8 million, up 5% compared to the fourth quarter of 2023[4] - Fiscal Year 2024 total revenue was $144.8 million, up 5% compared to fiscal year 2023[4] - Revenue for the three months ended December 31, 2024, was $36,999 million, a 3.5% increase from $35,742 million in the same period of 2023[24] - Gross profit for the year ended December 31, 2024, was $107,427 million, compared to $103,142 million in 2023, reflecting a 4.0% increase[24] - Non-GAAP gross profit for the year ended December 31, 2024, was $109,142 million, compared to $104,178 million in 2023, showing a 4.7% increase[30] Losses and Expenses - GAAP net loss for the fourth quarter was $25.2 million, compared to $5.8 million in the fourth quarter of 2023[4] - The company reported a GAAP net loss of $55.8 million for fiscal year 2024, compared to $42.2 million in fiscal year 2023[4] - Net loss attributable to common stockholders for the year ended December 31, 2024, was $55,774 million, compared to $42,150 million in 2023, indicating a 32.4% increase in losses[24] - Adjusted EBITDA for the fourth quarter was $(4.3) million, compared to $(1.0) million in the fourth quarter of 2023[4] - Adjusted EBITDA for the year ended December 31, 2024, was $(18,718) million, an improvement from $(25,894) million in 2023[30] - The operating margin for the year ended December 31, 2024, was -43%, worsening from -36% in 2023[31] - Stock-based compensation expense for the year ended December 31, 2024, was $22.27 million, up from $16.16 million in 2023[31] Customer and Product Development - The number of large customers increased to 315, up from 289 as of December 31, 2023[4] - New product features introduced include Reproductions and document-level Bates numbering[4] Future Projections - First quarter 2025 total revenue is expected to be in the range of $35.0 million - $37.0 million[4] - Fiscal year 2025 total revenue is projected to be in the range of $145.5 million - $157.5 million[4] Cash Flow and Operating Activities - Cash and cash equivalents at the end of the period were $52,771 million, a significant decrease from $159,551 million at the beginning of the period[26] - Net cash used in operating activities for the year ended December 31, 2024, was $(8,749) million, an improvement from $(25,531) million in 2023[26] Research and Development - Research and development expenses for the year ended December 31, 2024, were $51,511 million, slightly down from $51,623 million in 2023[30] - Non-GAAP research and development as a percentage of revenue for the year ended December 31, 2024, was 30%, compared to 31% in 2023[30]

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Alarum Technologies Ltd. securities, alleging that the company made false and misleading statements regarding its business performance during the specified Class Period from March 14, 2024, to August 26, 2024 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Alarum was less effective in retaining and expanding customer engagements than it had represented, which impaired its ability to generate consistent revenue growth [5]. - The lawsuit alleges that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [5]. - Investors are encouraged to join the class action without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the Alarum class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by April 15, 2025, to represent other class members in directing the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and recovering hundreds of millions for investors [4]. - The firm has been consistently ranked among the top firms for securities class action settlements since 2013, securing over $438 million for investors in 2019 alone [4].

Core Viewpoint - A class action lawsuit has been filed against Alarum Technologies Ltd. for alleged misleading statements regarding its business performance during the specified Class Period from March 14, 2024, to August 26, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Alarum was less effective in retaining and expanding customer engagements than represented, which impaired its ability to generate consistent revenue growth [5]. - It is alleged that Alarum's business and financial prospects were overstated, leading to materially false and misleading public statements [5]. - Investors are encouraged to join the class action to seek compensation without upfront costs through a contingency fee arrangement [2][3]. Group 2: Legal Representation - The Rosen Law Firm, known for its success in securities class actions, is representing the investors and has a strong track record, including recovering over $438 million for investors in 2019 [4]. - Investors are advised to select qualified counsel with a proven history in leadership roles within class action lawsuits [4]. - A lead plaintiff must be appointed by April 15, 2025, to represent the interests of the class members in the litigation [1][3].

NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- WHY: New York, N.Y., February 14, 2025. Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Merck & Co., Inc. (NYSE: MRK) between February 3, 2022 and February 3, 2025, 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 14, 2025. SO WHAT: If you purchased M ...

NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) between November 2, 2023 and October 30, 2024, both dates inclusive (the “Class Period”), of the important March 10, 2025 lead plaintiff deadline. SO WHAT: If you purchased Regeneron securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency f ...