Alarum Technologies Announces Second Quarter 2024 Results
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Alarum Technologies (ALAR) PT Lowered to $28 at Canaccord Genuity
August 27, 2024 6:30 AM EDTCanaccord Genuity analyst Kingsley Crane lowered the price target on Alarum Technologies (NASDAQ: ALAR) to $28.00 (from $42.00) while maintaining a Buy rating.
The analyst comments "Alarum reported solid Q2 results with quarterly revenue of $8.9M, essentially in line with its July 10 preliminary results. NetNut revenue growth remains impressive ($8.7M, adding $.6M from Q1, growing 73% yoy), which remains the core strategic focus with this asset now at 98% of total revenue. Unit economics also remain strong: new customers generated 60% higher revenue in the first month of activity in Q2 than those in Q1, customers... More
