Alarum Technologies Q1 2023 Earnings Report

Alarum Technologies EPS Results

• Actual EPS: -$0.02
• Consensus EPS: -$0.04
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: -$1.10

Alarum Technologies Revenue Results

• Actual Revenue: $5.68 million
• Expected Revenue: $5.10 million
• Beat/Miss: Beat by +$580.00 thousand
• YoY Revenue Growth: N/A

Alarum Technologies Announcement Details

• Quarter: Q1 2023
• Date: 5/30/2023
• Time: Before Market Opens

Alarum Technologies (NASDAQ:ALAR) provides internet access and web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa. The company operates through two segments, Enterprise Internet Access Solutions and Consumer Internet Access Solutions. The company offers security blanket against ransomware, viruses, phishing, and other online threats, as well as secured and encrypted connection, masking the customers online activity and keeping them safe from hackers. It also provides privacy solutions and services, a software solution that uses an encryption protocol which is defined upon the process being used to generate a secured encrypted path and keep the users' data private and safe; and web data collection solution allows organizations to collect vast amounts of web and internet data by simultaneously connecting to the Internet from different IP addresses. In addition, the company offers static residential proxy network, rotating residential proxy network, data center proxy network, premium dedicated static residential proxies, mobile proxies, SERP data collection service, and social data collection service, as well as advertising services to enterprise customers. The company offers its products through resellers and internet service providers. It serves advertising and media companies, financial organizations, cyber security companies, industrial and commercial companies, online companies, education institutions, and AI recruitment market and other sectors. The company was formerly known as Safe-T Group Ltd. and changed its name to Alarum Technologies Ltd. in January 2023. Alarum Technologies Ltd. was founded in 2013 and is headquartered in Tel Aviv, Israel.