Alarum Releases Preliminary Results For Q3 2023; Expects Record Cashflow From Operating Activities Of More Than $1.5M; Sees Q3 Revenue $6.6M Vs $5.7M Est.
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies Ltd. has released preliminary Q3 2023 results, expecting record cashflow from operating activities of over $1.5M and Q3 revenue of $6.6M, compared to an estimate of $5.7M. The company's accumulated revenues for 2023 until the end of Q3 are estimated at $19.3M, surpassing the total revenues of 2022 and representing a 45% increase compared to the same period in 2022. Alarum's cash and cash equivalents balance as of September 30, 2023, is approximately $7.7M.
October 10, 2023 | 12:53 pm
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Alarum's strong Q3 2023 preliminary results, with record cashflow and higher-than-expected revenue, indicate robust financial health and successful business growth.
Alarum's preliminary Q3 2023 results show a significant increase in revenue and cashflow, surpassing estimates and previous year's total revenues. This indicates strong financial performance and successful business growth, which is likely to positively impact the company's stock price in the short term.
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