Q&A Interview
with CEO of Alarum Technologies Ltd. (NASDAQ: $ALAR) Discussing New Direction
of the Company; @AlarumTech
Vancouver
Kelowna, Delta, BC – February 21, 2023 - Investorideas.com, a
leading investor news resource covering tech stocks releases an exclusive
Q&A interview featuring Mr. Shachar Daniel, CEO of Alarum Technologies Ltd. (http://alarum.io/) (Nasdaq & TASE:
ALAR).
Alarum
Technologies Ltd. is a global provider of internet access solutions. The
Company operates in two distinct segments: solutions for enterprises and
solutions for consumers.
Read this news,
featuring ALAR in full at https://www.investorideas.com/news/2023/defense/02211ALAR-Interview-CEO-New-Direction.asp
Q&A Interview:
InvestorIdeas
Q:
Shachar, thanks for taking the time today to give us insight on recent
developments at Alarum Technologies. You have announced a change in name and your
stock symbol and also the shift in focus for the company. For readers that are
new to the story, can you tell us about the re-branding and the new strategy going
forward?
Mr. Shachar Daniel,
CEO
A:
Alarum is a global provider of enterprise and consumer
internet access solutions. We provide enterprise customers and private
consumers advanced tools to support their data collection and privacy needs. Our
new name and the rebranding as Alarum are the result of the restructuring and
refocus of our strategy, which we have worked on in the last couple of years, and reflect our
transition from a traditional enterprise cybersecurity-centered company to an
established leading provider of enterprise and consumer internet access
solutions.
InvestorIdeas
Q:
At the end of January you announced preliminary guidance of revenues, and
expect to report revenues for the full year of more than $18.5 million,
compared to revenues of $10.3 million reported in 2021. Can you give our
readers some insight as to what ALAR has achieved over the last year to build
revenue?
Mr. Shachar Daniel,
CEO
A:
I would like to take it one more step backwards to the third quarter of last
year (2021), as we presented $3.3 million in revenues and a non-IFRS loss of $3.2
Million -Since than we have shown a significant growth with $4.8$ Million in revenue, and with
net non-IFRS loss significantly decreasing to $1.7 Million and we expect to
reach another record in revenue with for the $18.5 million for the entire year
of 2022. 2022 was mainly characterized by our ability to decrease our loss and
burn rate while at the same time maintain our growth, recurring revenues and
future revenues
InvestorIdeas
Q:
You recently came out with a letter to your shareholders and talked about
reducing your burn rate. Can you discuss this in more detail?
Mr. Shachar Daniel,
CEO
A:
We believe that under current market's climate - the reduction in our burn
rate, together with becoming cash flow positive and maintaining a strong cash
position - are key in our path to maintain our growth momentum and provide
value for our shareholders.
InvestorIdeas
Q:
Can you give our readers a deeper look at NetNut Ltd. and the value it adds to Alarum’s
technology and platform moving forward?
Mr. Shachar Daniel,
CEO
A:
We are really excited about NetNut's accomplishments to date, including
generating revenue growth quarter after quarter and becoming cash flow
positive. NetNut is well positioned as a world leading brand in the field of
data access. It offers a global web data collection cloud service, based on our
proprietary traffic optimization and routing technology and network. During
2022, we doubled our network's infrastructure, which is now able to support and
process billions in client requests. The scaleup in our capabilities is a
result of the onboarding of several strategic customers, as well as the
expansion of NetNut's network by partnering with tens of Internet Service
Providers.
InvestorIdeas
Q:
We talked about NetNut Ltd, Can you talk to us about the second side of your
business, the consumer business?
Mr. Shachar Daniel,
CEO
A:
Both activities are link by providing customers with advance internet access
solutions. While NetNut targets the enterprise world, CyberKick approaches the
consumer market and offers internet access privacy and cybersecurity solutions.
Our consumer-side solutions are designed to allow users to take charge of their
online privacy with a powerful, secured and encrypted connection. These
solutions are installed on the consumers’ computers or mobile phones and are
available via various browser and mobile applications stores.
CyberKick’s
business model is very attractive. Investing in acquiring new users allows us
to build revenue-generating assets, which are expected to yield future revenue
streams. Thanks to this unique model we have successfully secured funding from
a strategic investor that chose to invest directly in our customer acquisition
program, as well as a credit line for working capital from a leading Israeli
commercial bank to support this operation.
InvestorIdeas
Q:
In closing is there anything else you would like to share with our readers
about the vision for the Company?
Mr. Shachar Daniel,
CEO
A:
Market conditions in the past year were challenging and
very volatile, and Alarum's market position suffered as a result. Recent
suspicion in the market, regarding the allegation made by several small-cap
companies about illegal trading in their shares, are consistent with our own
suspicions that performance of our stock is indeed suffering from abusive short
selling This creates an artificial impact on trading of shares, which is
completely unrelated to the company’s actual performance and achievements and as
a result, damages shareholders. We believe that by taking the right decisions
for our business, our future plans and execution will be better reflected, for
the benefit of the company and our shareholders.
About Alarum
Technologies Ltd.:
Alarum
Technologies Ltd. (Nasdaq: ALAR) is a
global provider of internet access solutions. The Company operates in two
distinct segments: solutions for enterprises and solutions for consumers.
The
solutions by NetNut, our Enterprise Internet Access arm, are based on our
world’s fastest and most advanced and secured hybrid proxy network, enabling
our customers to collect data anonymously at any scale from any public sources
over the web. Our network comprises both exit points based on our proprietary
reflection technology and hundreds of servers located at our ISP partners
around the world. The infrastructure is optimally designed to guarantee the
privacy, quality, stability, and the speed of the service.
Our
Consumer Internet Access arm offers privacy and cybersecurity solutions to end
users. These solutions are designed to allow users to take charge of their
online privacy with a powerful, secured and encrypted connection. The solutions
are designed for basic and advanced use cases, ensuring complete protection of
personal and digital information.
The
Company's previously developed cybersecurity solutions for enterprises are
offered by an information security provider, as a solution or cloud service.
For
more information about Alarum and its privacy and cybersecurity solutions for
enterprises and consumers, please visit www.alarum.io.
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