Alarum Technologies Expects Q3 Revenue Of $7M ±3% Vs $8.92M Est
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies has provided its first quarterly guidance, expecting Q3 2024 revenue to be $7 million ±3%, which is below the $8.92 million estimate. Despite this, the company reports strong financial health and anticipates year-over-year growth.
August 26, 2024 | 11:35 am
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Alarum Technologies expects Q3 2024 revenue of $7 million ±3%, which is below the $8.92 million estimate. The company highlights strong financial health and anticipates year-over-year growth.
The revenue guidance of $7 million ±3% is below the market estimate of $8.92 million, which could lead to a negative short-term impact on the stock price. However, the company's strong financial health and anticipated growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100