Alarum TechnologiesNASDAQ: ALAR

Alarum's efforts to build a comprehensive suite of data collection and insights solutions could help it grow its market share in the rapidly growing data solutions market. Alarum's usage-based revenue model could drive growth in the long term, as it could encourage customers to use more products and improve customer retention. I expect Alarum to post record revenues in Q4 due to the holiday season after its latest customer wins of a large social media platform and a Fortune 100 retailer.

I see Alarum Technologies Ltd.'s 12x forward EBITDA as potentially misleading, given its slowing growth and customer concentration risks. While the company's strong cash position is reassuring, it doesn't fully offset the volatility of its usage-based model. I'm cautiously optimistic about a possible rebound later this year, but I need to see more stability before considering a buy.

Concludes strong first half of 2024 with record revenues of $17.3 million, progressing profitability metrics, solid cash generation and $21.6 million in cash and equivalents

There's no denying that the recent selloff — especially in the technology space — rattled investor nerves. At one point, it seemed as if the innovation sector could do absolutely no wrong.

Alarum Technologies' preliminary Q2 results came in slightly below market expectations. The company continues to generate strong growth and is accelerating profitability, supporting a positive outlook. We remain bullish on the stock.

Cash and cash equivalents balance reaches all-time high of approximately $21.7 million NetNut's revenues estimated to grow more than 95% YoY in the first half of 2024 Tel Aviv, Israel, July 10, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet access and web data collection solutions, today provided preliminary key financial metrics guidance for the six months ended on June 30, 2024.

Alarum Technologies has been growing revenue at a 75% CAGR for the last five years, with little debt, a growing cash pile, and profitability. Alarum operates in the IPPN and ADCL markets, with subsidiary NetNut being the #3 player in the IPPN industry. Alarum's competitive advantages include scale, reliability, and IP integration, positioning them for sustainable growth in a fast-growing industry.

What's making big money in 2024

Among the more intriguing growth stocks in the market right now, Alarum (NASDAQ: ALAR) hasn't seen the kind of growth stock most investors would immediately think of.