Alarum Technologies Ltd. (NASDAQ:ALAR) shares are trading lower after it reported second-quarter results.
Revenue rose 27% Y/Y to $8.884 million, missing the consensus of $8.921 million. Revenue was driven by the enterprise internet access business, NetNut, which rose to $8.7 million from $5.0 million in the same quarter in 2023.
Adjusted EBITDA stood at $3.4 million, up from $1.1 million a year ago. Adjusted EPADS of $0.41 exceeded the street view of $0.31.
Shachar Daniel, Chief Executive Officer of Alarum, said, “As we intend to establish the broadest data collection and insights offering in the market, we continued to increase our market share in the ...
