Alarum Technologies Ltd. (NASDAQ Capital Market: ALAR) is an Israel-headquartered technology company focused on internet connectivity and security products that support both consumer and enterprise use cases. Founded in 2013 and led by Co-Founder & CEO Shachar Daniel, the company serves customers across multiple global regions, including Israel, the United ...Alarum Technologies Ltd. (NASDAQ Capital Market: ALAR) is an Israel-headquartered technology company focused on internet connectivity and security products that support both consumer and enterprise use cases. Founded in 2013 and led by Co-Founder & CEO Shachar Daniel, the company serves customers across multiple global regions, including Israel, the United States, Hong Kong, and broader Asia Pacific markets, as well as Europe and the Middle East.
From a business perspective, Alarum operates in the information technology services / software segment, with two closely related value propositions: (1) cybersecurity and access security for organizations (often aligned with zero-trust principles), and (2) web data collection and proxy infrastructure that enables data access, collection, and delivery at scale. Its product line is designed to address common internet-facing risks such as phishing, malware, and ransomware, while also supporting controlled and reliable access pathways for data acquisition.
On the cybersecurity side, Alarum markets solutions such as iShield (cloud-based protection against prevalent online threats), AdBlocker (iOS ad-free browsing experience), ZoneZero SDP (a software-defined perimeter / zero-trust network access approach that restricts application access based on need-to-know), and ZoneZero MFA (multi-factor authentication centralization across internal applications). It also provides SDE, positioned as a unifying layer for diverse data exchange scenarios within an organization.
In parallel, Alarum offers proxy services, including cloud-based static and dynamic residential proxy networks, data-center proxy networks, and data-collection APIs. For clients that want more control over infrastructure deployment, it provides Proxy-in-a-Box for self-managed private proxy access networks, and Premium dedicated static residential proxies to provide fixed IP addresses for individual users. These services are typically relevant for use cases such as web scraping, market/competitive intelligence gathering, and other automated data collection workflows requiring stable routing and IP management.
Regarding distribution and go-to-market, Alarum sells and distributes through resellers, distributors, and internet service providers, reaching customer segments that include finance, healthcare, retail, governmental bodies, online businesses, commercial enterprises, and educational institutions. Cost and BOM specifics are not disclosed in the provided information; however, the business model implies software/SaaS and infrastructure-backed services where recurring cloud delivery, security operations, and network/proxy infrastructure management are core cost drivers. Financially, the references provided indicate it is a publicly traded company with active market trading, but the detailed segment economics, unit economics, and internal cost breakdown are not included in the supplied dataset.
Key people referenced include Shachar Daniel (Co-Founder, CEO & Director) as the primary executive, with additional senior leadership roles listed such as CFO Shai Avnit and other executives (e.g., Senior VP of R&D Moshe Kramer and Chief Revenue Officer Jeffy Pinhas).
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$40.8M
+28.1%
-0.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$963000
-83.3%
+175.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+58.5%
-22.1%
+14.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+1.2%
-94.8%
+178.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.4%
-87.0%
+178.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-1.3M
-114.7%
+100.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-3.2%
-111.5%
+100.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
8.2%
+36.3%
-7.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.21x
-4.2%
+16.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Ladies and gentlemen, thank you for standing by. Welcome to the Alarum Technologies First Quarter 2026 Earnings Results Conference Call. [Operator Instructions] This conference is being recorded. I'll now turn the call over to Ehud Helft, Investor Relations at Alarum. Ehud, please go ahead.
Ehud Helft : Thank you, operator. Good day, everyone, and welcome to Alarum Technologies conference call to discuss the results of the first quarter ended March 31, 2026. Joining us today are Mr. Shachar Daniel, Chief Executive Officer; Mr. Shai Avnit, Chief Financial Officer. Shachar will begin with an overview of the quarter and recent business developments, followed by Shai, who will review the financial results and guidance. We will then open the call for questions. Before we begin, I would like to remind listeners that today's discussion contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements involve known and unknown risks and uncertainties that may cause actual results or performance to differ materially from those expressed or implied by such statements. Forward-looking statements include, among other things, statements regarding expected market demand, future growth opportunities, infrastructure investments, profitability trends, customer demand patterns, product expansion, future financial guidance and long-term strategic positioning. For a discussion of these risks and uncertainties, please refer to the company's filings with the SEC, including the company's annual report on Form 20-F and subsequent filings. In addition, during this call, the company will discuss certain non-IFRS financial measures, including adjusted EBITDA and non-IFRS gross margin. Definitions and reconciliation to the most directly comparable IFRS measures are available in the earnings press release issued earlier today. With that, I will turn the call over to Shachar Daniel, Chief Executive Officer of Alarum Technologies. Shachar, please go ahead.
Shachar Daniel : Thank you, Ehud and thank you, everyone, for joining us today. Alarum continued scaling its AI data infrastructure platform during the first quarter of 2026, supported by strong demand from AI and enterprise data workloads. First quarter revenues reached $11.7 million, representing 64% year-over-year growth. We also delivered positive IFRS net income of $0.6 million, adjusted EBITDA of $2.1 million while continuing investing in infrastructure scale and platform expansion. Importantly, we believe the first quarter demonstrated the operating leverage potential of the AI data infrastructure platform we built throughout 2025. At the same time, we continue viewing the current market environment as highly dynamic and still in relatively early stages. The AI infrastructure ecosystem is evolving rapidly. Demand patterns remain volatile at times, and we continue prioritizing long-term …
