Alarum Technologies Earlier Reported Q4 Revenue Crossed $7M Vs $7M Est., Operating Cashflow Increased To $2.8M; Sees FY23 Revenue ~$26.5M Vs $26.41M Est.
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies Ltd. (ALAR) reported Q4 revenue of over $7M, exceeding estimates, with operating cashflow rising to $2.8M. FY23 revenue is projected at ~$26.5M, slightly above estimates. Subsidiary NetNut's revenues increased by 150% in Q4 and for the full year, totaling over $21M. The company attributes its strong performance to strategic shifts focusing on growth and profitability, particularly in its subsidiary NetNut.
January 09, 2024 | 4:33 pm
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POSITIVE IMPACT
Alarum Technologies reported strong Q4 performance with revenues and operating cashflow exceeding estimates, and anticipates higher FY23 revenue. Subsidiary NetNut's significant revenue growth contributes to the positive outlook.
The reported earnings and revenue growth, particularly the substantial increase in NetNut's revenues, are likely to be viewed positively by investors. The company's strategic focus on profitability and growth, along with the positive preliminary financial metrics, suggest a potential increase in investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100