Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Alarum Technologies Sees 50% Increase In Q1 Revenues

Alarum Technologies Ltd. (NASDAQ:ALAR) expects to report 1Q23 revenues of ~$5.5 million, an increase of ~50% year-over-year, versus the $5.87 million…
byAkanksha Bakshi
April 10, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Alarum Technologies Ltd. (NASDAQ: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.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Canopy Growth Announces Financing Deal Including Roughly $50M Of New Gross Proceeds

By Jelena Martinovic
May 3, 9:31 AM
Canopy Growth Corporation has entered into an exchange and subscription agreement with a single institutional investor under which the Smiths Falls, Ontario-based company is expected to receive gross proceeds of roughly $50 million and exchange approximately CA$27.5 million ($20 million) of existing debt maturing in September 2025 for a new senior unsecured convertible debenture of the company maturing five years following the day of issuance. Under the terms of the deal, the investor will acquire a convertible debenture in an aggregate principal amount equal to CA$96,358,375 on closing.

CGC