Why Alarum Technologies Shares Are Diving Today
Portfolio Pulse from Lekha Gupta
Alarum Technologies Ltd. (NASDAQ:ALAR) shares fell 31.5% after reporting Q2 results. Revenue rose 27% Y/Y to $8.884 million, missing the consensus of $8.921 million. Adjusted EBITDA increased to $3.4 million, and Adjusted EPADS of $0.41 exceeded expectations. Despite positive growth indicators, market dynamics are impacting Q3 revenue estimates.
August 26, 2024 | 4:19 pm
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Alarum Technologies reported a 27% Y/Y revenue increase to $8.884 million, missing expectations. Adjusted EPADS exceeded estimates, but shares fell 31.5% due to market dynamics affecting Q3 revenue outlook.
Despite a 27% Y/Y revenue increase, Alarum missed revenue expectations, leading to a significant share price drop. The positive Adjusted EPADS was overshadowed by concerns over market dynamics affecting future revenue, causing investor concern.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100