Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Alarum Technologies Ltd due to allegations of misleading statements and failure to disclose important information regarding the company's financial performance and customer engagement [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $75,000 in Alarum between March 14, 2024, and August 26, 2024, to discuss their legal options [1]. - The firm is reminding investors of the April 15, 2025, deadline to seek the role of lead plaintiff in a federal securities class action against Alarum [2]. - The complaint alleges that Alarum and its executives violated federal securities laws by making false statements and failing to disclose that the company was less effective in retaining and expanding customer engagements than represented [4]. Group 2: Financial Performance and Market Reaction - On August 26, 2024, Alarum announced Q2 2024 results and projected Q3 2024 revenue of $7 million, significantly below the $9.2 million expected by analysts [5]. - The CEO attributed the disappointing revenue guidance to reduced customer spending that began in June 2024 [6]. - Following this announcement, Alarum's ADR price fell by $6.77, or 31.34%, closing at $14.83 on August 26, 2024 [8]. Group 3: Analyst Commentary - Market analysts noted that Alarum's projected Q3 2024 revenue represented over a 20% sequential decline and only 3% year-over-year growth, raising concerns about the clarity of the company's explanation for the drop in customer demand [7].
ALAR Investors Have Opportunity to Lead Alarum Technologies Securities Fraud Lawsuit with Faruqi & Faruqi, LLP