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• Annual Revenue: $31.8 million, up 20% from 2023.

• Data Collection Revenue: $30.9 million in 2024, up 45.2% from $21.3 million in 2023.

• Q4 2024 Revenue: $7.4 million, up 3.7% from Q4 2023.

• Non-IFRS Gross Margin (Q4 2024): 74.3% compared to 77.2% in Q4 2023.

• Non-IFRS Gross Margin (Full Year 2024): 77%, up from 74.3% in 2023.

• Operating Expenses (Q4 2024): $5 million, up from $3.6 million in Q4 2023.

• Operating Expenses (Full Year 2024): $17.2 million, down from $24.3 million in 2023.

• IFRS Net Profit (Q4 2024): $400,000 compared to $1.7 million in Q4 2023.

• IFRS Net Profit (Full Year 2024): $5.8 million, up from a net loss of $5.6 million in 2023.

• Adjusted EBITDA (Q4 2024): $1.5 million compared to $2.2 million in Q4 2023.

• Adjusted EBITDA (Full Year 2024): $9.4 million, up from $5.2 million in 2023.

• Cash and Cash Equivalents (End of 2024): $25 million, up from $10.9 million at the end of 2023.

• Shareholders' Equity (End of 2024): $26.4 million, doubled from $13.2 million at the end of 2023.

• Q1 2025 Revenue Guidance: Expected to range at $7.3 million, plus or minus 3%.

• Q1 2025 Adjusted EBITDA Guidance: Expected to range from $0.8 million to $1.2 million.

• Warning! GuruFocus has detected 3 Warning Signs with ALAR.

Release Date: March 20, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Alarum Technologies Ltd (NASDAQ:ALAR) achieved a record annual revenue of $31.8 million in 2024, with 97% attributed to data collection.

• The company reported a record adjusted EBITDA of $9.4 million for 2024, indicating strong financial performance.

• Alarum Technologies Ltd (NASDAQ:ALAR) successfully executed its strategic vision to focus solely on data collection, phasing out other activities.

• The company expanded its IP network coverage in 2024, enhancing infrastructure and capacity to handle massive data traffic.

• Alarum Technologies Ltd (NASDAQ:ALAR) initiated AI model training and analysis trial projects with new customers, including a global online marketplace corporation, indicating potential for long-term collaboration.

Negative Points

• The non-IFRS gross margin for the fourth quarter of 2024 decreased to 74.3% from 77.2% in the same quarter of 2023.

• Operating expenses in the fourth quarter of 2024 increased to $5 million from $3.6 million in the fourth quarter of 2023, primarily due to higher employee salary-related costs.

• The company's net retention rate declined for the third consecutive quarter, indicating potential challenges in maintaining customer engagement.

• Alarum Technologies Ltd (NASDAQ:ALAR) anticipates slower revenue growth in the short term due to industry adjustments and evolving market conditions.

• The company is experiencing revenue fluctuation and volatility due to the dynamic environment and competition between AI platforms and traditional web-based information sources.