Alarum Estimates Q1 2024 Quarterly Revenue Of More Than $8.3M And All Time High Operating Cashflow Of $3.2M
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies Ltd. (ALAR) anticipates a strong Q1 2024 performance with over $8.3M in revenue, a 50% increase from Q1 2023, and a record $3.2M in operating cashflow. Subsidiary NetNut's revenues surged by 140% in the same period. The company highlights growth driven by new products like the Web Unblocker.
April 08, 2024 | 12:35 pm
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Alarum Technologies Ltd. expects Q1 2024 revenue over $8.3M, a 50% increase, and a record $3.2M in operating cashflow, with subsidiary NetNut's revenues up 140%.
The significant increase in revenue and operating cashflow, along with the substantial growth of its subsidiary NetNut, indicates a strong financial performance for Alarum Technologies in Q1 2024. This positive financial outlook, especially with the successful introduction of new products like the Web Unblocker, is likely to generate investor optimism and potentially lead to an increase in the stock price in the short term.
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