Alarum Technologies Q1 EPS $0.23 Misses $0.28 Estimate, Sales $8.38M Beat $7.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies (NASDAQ:ALAR) reported Q1 earnings per share (EPS) of $0.23, missing the analyst estimate of $0.28 by 17.86%. However, the company achieved a significant improvement from a loss of $(0.02) per share in the same period last year. Quarterly sales were $8.38 million, surpassing the analyst estimate of $7.38 million by 13.50% and marking a 47.49% increase from $5.68 million in the same period last year.
May 21, 2024 | 12:10 pm
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Alarum Technologies reported Q1 EPS of $0.23, missing the $0.28 estimate, but showed a significant improvement from last year's loss. Sales of $8.38M beat the $7.38M estimate, showing strong revenue growth.
Despite missing EPS estimates, Alarum Technologies showed a significant improvement from last year's loss and exceeded sales expectations. The strong revenue growth is likely to positively impact the stock price in the short term.
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