Alarum Technologies .(US:ALAR)2025-03-20 11:37Financial Performance - 2024 total revenue increased by 20% to $31.8 million, with Q4 revenue at $7.4 million, up 4% year-over-year [1][10] - Web Data Collection revenue reached a record $30.9 million in 2024, achieving 45% year-over-year growth [10] - Net profit from continuing operations rose to $5.8 million in 2024, compared to a loss of $5.6 million in 2023 [10] - Adjusted EBITDA for 2024 was a record $9.4 million, up from $5.2 million in 2023 [10] - Total revenue for the year ended December 31, 2024, was $31,824,000, representing a 20% increase from $26,521,000 in 2023 [19] - Gross profit for the year ended December 31, 2024, was $23,909,000, up from $18,810,000 in 2023, indicating a gross margin improvement [19] - Operating profit for the year ended December 31, 2024, was $6,720,000, compared to an operating loss of $5,499,000 in 2023 [19] - Net profit for the year ended December 31, 2024, was $5,780,000, a significant recovery from a net loss of $5,525,000 in 2023 [19] - The company reported a non-IFRS net profit of $8,400,000 for the year ended December 31, 2024, compared to $4,700,000 in 2023 [28] Cash Flow and Investments - Cash and liquid investments at year-end 2024 amounted to $25 million, demonstrating strong cash flow generation [9][10] - Financial income for 2024 shifted to $0.3 million from a net expense of $0.6 million in 2023, reflecting improved interest income [10] - Shareholders' equity doubled to $26.4 million as of December 31, 2024, driven by the transition to net profit and exercises of warrants and options [10] - The company’s cash and cash equivalents increased to $15,081,000 in 2024 from $10,872,000 in 2023, enhancing liquidity [17] Expenses and Liabilities - Operating expenses for 2024 decreased to $17.2 million from $24.3 million in 2023, primarily due to reduced impairment costs [10] - Research and development expenses increased to $4,495,000 in 2024 from $3,557,000 in 2023, reflecting a focus on innovation [19] - Total liabilities rose to $8,460,000 in 2024 from $6,885,000 in 2023, reflecting increased operational activities [17] Growth and Retention - Net Retention Rate (NRR) for NetNut was 1.27 as of December 31, 2024, down from 1.53 in 2023, indicating continued customer engagement [7] - Total assets increased to $34,811,000 in 2024 from $20,066,000 in 2023, indicating strong growth in the company's financial position [17] Future Outlook - First quarter 2025 revenue guidance is estimated at $7.3 million ±3%, with Adjusted EBITDA expected between $0.8 million and $1.2 million [11] - Alarum Technologies is focusing on expanding its data collection solutions and preparing to leverage AI advancements in its offerings [29]