Alarum Technologies Sees 50% Increase In Q1 Revenues

Alarum Technologies Ltd. ALAR expects to report 1Q23 revenues of ~$5.5 million, an increase of ~50% year-over-year, versus the $5.87 million consensus.
Revenue growth reflects ALAR's ongoing investment in its leading privacy products.
The company's operative burn rate for the quarter that ended March 31, 2023, was estimated to be ~$0.3 million, the lowest to date.
Alarum Technologies' preliminary cash and equivalents balance as of March 31, 2023, was ~$3.7 million.
Additionally, the company secured ~$2.2 million in funds, which are not reflected in the company's cash.
Alarum expects to release the fully reviewed financial statements on or before May 31, 2023.
Price Action: ALAR shares closed higher by 4.63% at $2.71 on Thursday.

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