Alarum Technologies (ALAR) has released an update.
Alarum Technologies Ltd. reported a significant increase in its Q1 2024 financial results with record revenues of $8.4 million, a 47% increase from last year, and a substantial rise in IFRS and non-IFRS net profits to $1.4 million and $2.8 million, respectively. The company’s Adjusted EBITDA also saw a record high of $3.2 million. These impressive results are attributed to the successful launch of innovative products like the ‘Website Unblocker’ and ‘AI Data Collector’, along with a robust performance from subsidiary NetNut, which saw its revenues soar by 139% and a Net Retention Rate increase to 1.66.
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