Record Annual Revenue and Growth
2024 annual revenue reached a record high of $31.8 million, a 20% increase from 2023. The data collection portion reached $30.9 million, up 45.2% from $21.3 million in 2023, representing 97% of total revenues.
Shift to Data Collection
Alarum fully executed its strategic vision to focus solely on data collection, with 97% of annual revenue attributed to this segment.
Strong Financial Position
Adjusted EBITDA reached $9.4 million in 2024, up from $5.2 million in 2023. Shareholders' equity doubled to $26.4 million from $13.2 million in 2023, and the cash position increased to $25 million from $10.9 million in 2023.
Initial AI Model Training Projects
In Q4 2024 and Q1 2025, Alarum started initial AI model training projects with new customers, including one of the world's largest corporations.