Alarum Technologies Ltd Sponsored Adr ( (ALAR) ) has released its Q4 earnings. Here is a breakdown of the information Alarum Technologies Ltd Sponsored Adr presented to its investors.
Alarum Technologies Ltd., a global provider of web data collection solutions, is at the forefront of empowering organizations with competitive advantages through advanced data extraction and analysis capabilities. The company operates primarily in the technology sector, focusing on innovative solutions for large-scale data collection from public online sources.
In its latest earnings report, Alarum Technologies announced a significant increase in revenue for 2024, reaching $31.8 million, with a notable contribution of $7.4 million in the fourth quarter alone. The company’s strategic shift towards data collection has been pivotal, marking a year of milestones as it positions itself as a key player in the AI revolution.
Key financial highlights include a net profit rise to $5.8 million and an adjusted EBITDA of $9.4 million for 2024. The company’s cash and liquid investments balance stood at $25 million by year-end, reflecting strong financial resilience. Alarum’s strategic engagements with industry leaders and its robust technological foundation have allowed it to capitalize on long-term market growth, despite revenue fluctuations in the industry.
Alarum’s strategic initiatives in 2024 included significant network expansion and the introduction of innovative data collection solutions, such as the Website Unblocker and SERP API. These developments have reinforced its position as a leader in large-scale data collection, with its NetNut Ltd. recognized as a top performer in the industry.
Looking ahead, Alarum Technologies remains focused on long-term growth opportunities, aiming to elevate its market position in the evolving AI-driven era. The company anticipates ongoing shifts in the global data collection landscape, with a cautious outlook for short-term revenue growth but a strong commitment to generating sustainable value for stakeholders.