Alarum Technologies Ltd - ADR (OQ:ALAR)
Business Focus: Enterprise Software
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | 30 Haarba'a, P.O.Box 174 HERZLIYA 6473926 |
| Tel: | N/A |
| Website: | https://alarum.io |
| IR: | See website |
| Key People | ||
| Chen Katz Chairman of the Board | Amir Mizhar President, Director | Shachar Daniel Chief Executive Officer, Director |
| Shai Avnit Chief Financial Officer | Dana Gottesman Erlich Internal Auditor | |
| Business Overview |
| Alarum Technologies Ltd, formerly known as Safe-T Group Ltd, is an Israel-based company engaged primarily in the provision of data collection software for enterprises. The Company operates two business segments: the Enterprise Internet Access and Web Data Collection segment and the Consumer Internet Access Solutions and Services segment. In the Enterprise Internet Access and Web Data Collection segment, the Company offers a Web Data Collection Service for enterprises that is based on the Company's proxy traffic optimization and routing technology, as well as partnership agreements with Internet providers. In the Consumer Internet Access Solutions and Services segment, the Company offers secured and encrypted connections for individual customers. The Company operates on a Software as a Service (SaaS) business model, offering its software on a fee basis. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Alarum Technologies Ltd - ADR revenues increased 43% to $26.5M. Net loss before extraordinary items decreased 55% to $5.6M. Revenues reflect Program Sales increase of 100% to $23.7M. Lower net loss reflects Sales and Marketing Expenses - Balancing decrease of 60% to $3M (expense), General and Administrative Expenses - Ba decrease of 43% to $2.8M (expense). |
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