Alarum Technologies (ALAR) has released an update.
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Alarum Technologies reports a stellar second quarter for 2024, showcasing a record revenue of $17.3 million, a surge in profitability, and a strong cash balance of $21.6 million. The company’s enterprise internet access business, NetNut, drives this growth with significant increases in its customer base, including a Fortune 100 company, and promising advances in data collection and labeling markets. Despite potential short-term market variances, Alarum anticipates continued year-over-year growth and maintains robust net customer retention rates.
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