Alarum Technologies .(US:ALAR)2023-03-30 16:00Revenue Growth - Revenues for the full year 2022 totaled a record of $18.8 million, up 83% compared to 2021[1] - Revenues for the three months ended December 31, 2022, reached a record high of $5.2 million, an increase of approximately 37% compared to the same period in 2021[5] - Total revenues for the year ended December 31, 2022, increased to $18,779,000, up from $10,281,000 in 2021, representing an 82% growth[31] Profitability and Loss - The net loss for the fourth quarter of 2022 totaled $2.9 million, a decrease of approximately 36% compared to the equivalent quarter of 2021[5] - Adjusted EBITDA loss for the fourth quarter of 2022 was $1.7 million, a decrease of approximately 55% compared to the same quarter in 2021[5] - Operating loss for the year narrowed to $(13,424,000) from $(15,012,000) in 2021, showing an improvement of 11%[31] - Net loss for the year was $(13,151,000), slightly higher than $(13,125,000) in 2021, reflecting a marginal increase of 0.2%[31] - Basic loss per share for the year was $(0.42), compared to $(0.48) in 2021, indicating a reduction in loss per share[31] Cash Flow and Financial Position - The company's cash and cash equivalents balance as of December 31, 2022, was $3.29 million, with an additional $2.7 million available under its credit facility[16] - Total current assets decreased to $6,400,000 in 2022 from $11,924,000 in 2021, a decline of 46%[30] - Total liabilities increased to $9,060,000 in 2022 from $6,467,000 in 2021, marking a rise of 40%[30] - Total equity decreased to $13,311,000 in 2022 from $24,187,000 in 2021, a decline of 45%[30] Growth Metrics - The compound annual growth rate for the past four years is 91%, indicating sustained growth momentum[4] - NetNut became cash flow positive and marked three record revenue months, contributing to the overall revenue growth[5][8] Business Expansion and Achievements - Alarum ranked 14 among Israel's 100 Fastest Growing Companies by Statista and Globes[8] - The enterprise internet access business, NetNut, has expanded into the end-to-end retail AI data market and launched a new mobile IP Proxy network[8] - The consumer privacy platforms reached over five million downloads, with the privacy application ranking among the top 10 in the App Store[8] Expenses - Research and development expenses for the year were $4,033,000, down from $4,771,000 in 2021, a decrease of 15%[31] - Sales and marketing expenses rose to $12,187,000 in 2022 from $8,348,000 in 2021, an increase of 46%[31]