Alarum Technologies .(US:ALAR)2025-08-28 12:25Financial Performance - Revenue for the six months ended June 30, 2025, was $15,924,000, a decrease of 7.8% compared to $17,260,000 for the same period in 2024[7] - Gross profit for the same period was $10,241,000, down 23.8% from $13,406,000 in 2024[7] - Operating profit decreased significantly to $313,000, compared to $5,265,000 in the prior year, reflecting a decline of 94.1%[7] - Net profit for the period was $695,000, down 36.2% from $1,089,000 in 2024[7] - The company reported a total comprehensive income of $816,000 for the period, compared to $1,089,000 in 2024, a decrease of 25%[7] - SaaS revenue from IPPN solutions was $14,418 thousand, a decline of 13% compared to $16,551 thousand in 2024[38] Assets and Liabilities - Total assets increased to $35,775,000 as of June 30, 2025, compared to $34,811,000 at the end of 2024, representing a growth of 2.8%[5] - Total liabilities decreased to $6,650,000 from $8,460,000, a reduction of 21.4%[5] - Cash and cash equivalents at the end of the period were $14,914,000, down from $21,626,000, a decline of 30.9%[14] - The fair value of financial assets as of June 30, 2025, totaled $10,041 thousand, with $574 thousand in mutual funds and $9,385 thousand in corporate and government bonds[40] - The fair value of derivative financial instruments as of June 30, 2025, was estimated at $17 thousand, down from $148 thousand at the end of 2024[42] Expenses and Investments - Research and development expenses increased to $3,156,000, up 47.2% from $2,143,000 in 2024[7] - The company granted 1,297,176 RSUs and 5,004 options during the six months ended June 30, 2025, with a total fair value of $1,293 thousand[31] Loans and Financial Agreements - As of June 30, 2025, the long-term loan amounted to $690 thousand, with interest expenses totaling $74 thousand for the period[29][30] - The company issued 376,999 ordinary shares to O.R.B. as part of a repayment agreement, along with $78 thousand in cash[28] Operational Updates - The company continues to monitor the ongoing war in Israel, which has not materially impacted operations or financial condition as of June 30, 2025[19] - A new lease contract was signed for office space starting September 1, 2025, with a monthly fee of approximately $58 thousand until February 28, 2027[37] Regulatory and Legal Matters - The company is currently assessing the expected effect of IFRS 18, which will be effective for annual reporting periods beginning on or after January 1, 2027[27] - The company faced a class action motion related to alleged misleading statements, but the U.S. complaint was voluntarily dismissed[35]