Alarum Technologies .(US:ALAR)2025-11-26 12:33Revenue Performance - Q3 2025 revenue reached $13.0 million, representing an 81% increase year-over-year from $7.2 million in Q3 2024[2] - The majority of Q3 2025 revenue growth was driven by existing customer expansion, with significant contributions from large-scale AI customers[4][7] - The company expects Q4 2025 revenue to be approximately $12 million, up 63% year-over-year, with Adjusted EBITDA around $1 million[6] - Total revenue for the nine months ended September 30, 2025, was $28.935 million, a 18.1% increase from $24.454 million in the same period of 2024[19] Profitability Metrics - Net profit for Q3 2025 was $0.1 million, a decrease from $4.2 million in Q3 2024, while Adjusted EBITDA was $1.2 million[2][11] - Gross profit for Q3 2025 was $7.2 million, compared to $5.2 million in Q3 2024, with a gross margin of 55.6%[11] - Operating profit for the nine months ended September 30, 2025, was $176 thousand, a significant decrease from $6.329 million in the same period of 2024[19] - Net profit for the nine months ended September 30, 2025, was $748 thousand, down from $5.338 million in the same period of 2024, representing a decline of 86%[19] - Adjusted EBITDA for the nine months ended September 30, 2025, was $3.4 million, compared to $7.9 million in the same period of 2024, a decrease of 56.9%[27] - Non-IFRS net profit for the nine months ended September 30, 2025, was $3.5 million, down from $7.0 million in the same period of 2024[27] Customer Growth - The company experienced a 26% increase in paying customers and a 17% rise in average revenue per customer in Q3 2025[3] Operating Expenses - Operating expenses in Q3 2025 totaled $7.4 million, up from $4.1 million in Q3 2024, primarily due to increased research and development costs[11] Cash and Assets - Cash, cash equivalents, and investments stood at $24.6 million with no debt as of September 30, 2025[7] - Total assets as of September 30, 2025, were $43.442 million, an increase of 30.5% from $33.271 million as of September 30, 2024[18] - Total liabilities as of September 30, 2025, were $12.348 million, up from $8.297 million as of September 30, 2024, indicating a 48.5% increase[18] - Cash and cash equivalents as of September 30, 2025, were $14.366 million, a decrease of 40.3% from $24.011 million as of September 30, 2024[18] Strategic Focus - The company is prioritizing long-term market share capture in the AI training-data segment over short-term profitability, expecting significant growth and margin improvement in the future[2][3] - New AI-focused products are rapidly increasing their contribution to total revenue, with triple-digit growth in Website Unblocker and high-double-digit growth in custom Scraper solutions[7] - The company is focusing on expanding its data collection solutions and enhancing its AI capabilities to adapt to market changes[29]