Core Insights - Alarum Technologies Ltd. reported Q2 2025 revenues of $8.8 million, a slight decrease from $8.9 million in Q2 2024, with a net profit of $0.3 million and Adjusted EBITDA of $1.0 million [1][9][13] Business Highlights - The company is experiencing strong demand for data from major global players in the AI segment, leading to expanded collaborations with significant AI and e-commerce companies [2][3] - Alarum is investing in infrastructure and operations to support market demand while maintaining operational efficiency [4] - The company anticipates substantial revenue growth in Q3 2025, driven by a new large-scale AI data project expected to contribute approximately $3 million [5][15][16] Financial Performance - For the first half of 2025, total revenue was $15.9 million, down from $17.3 million in H1 2024, primarily due to reduced consumption from large customers [9] - Gross profit for Q2 2025 was $5.4 million, compared to $6.8 million in Q2 2024, with operating expenses increasing to $5.4 million from $4.2 million [11][12] - As of June 30, 2025, shareholders' equity increased to $29.1 million from $26.4 million at the end of 2024 [14] Market Dynamics - The AI market is undergoing significant transformation, with many companies still defining their business models, which may lead to fluctuations in demand for Alarum's services [5][22] - The company is witnessing a shift in customer segments, with strong growth in the AI vertical, while other segments are declining, resulting in a Net Retention Rate of 0.98 [7][29] Future Outlook - The company expects Q3 2025 revenues to be approximately $12.8 million, representing a 78% year-over-year increase, with Adjusted EBITDA projected at around $1.1 million [15] - Alarum's strategic collaborations with major technology players are seen as a significant step to strengthen its position in the AI data collection market [17]