#Cybersecurity #Stock News: Alarum (Nasdaq: $ALAR) Provides Preliminary Guidance of its Revenues and Cash Balance for 2022; @AlarumTech

 

#Cybersecurity #Stock News: Alarum (Nasdaq: $ALAR) Provides Preliminary Guidance of its Revenues and Cash Balance for 2022; @AlarumTech

 

Revenue Estimated to Reach Record-Breaking Achievement of More Than $18.5 Million with 80% YOY Growth

 

Tel Aviv, Israel, January 25, 2023 (Investorideas.com Newswire) -- Alarum Technologies Ltd. (Nasdaq: ALAR) (TASE: ALAR) (“Alarum” or the “Company” – formerly known as Safe-T Group Ltd.), a global provider of cybersecurity and privacy solutions to consumers and enterprises, today provided preliminary revenue and cash balance guidance for the fourth quarter and full year ended December 31, 2022.

 

Read this news in full at https://www.investorideas.com/news/2023/defense/01251ALAR-Preliminary-Guidance.asp

 

Based upon a preliminary, unaudited review, Alarum expects to report revenues for the full year ended December 31, 2022, of more than $18.5 million, compared to revenues of $10.3 million reported in the full year ended December 31, 2021, representing growth of approximately 80%. Revenue growth continues to be driven by the Company’s ongoing investment in its leading privacy products. Revenues for the fourth quarter ended December 31, 2022, were approximately $5 million, an increase of approximately 35% compared to $3.7 million reported for the fourth quarter ended December 31, 2021.

 

The Company’s preliminary cash and cash equivalents balance as of December 31, 2022, aggregated to approximately $3.4 million. This balance does not reflect a potential of up to additional $2.7 million in funds that may be made available pursuant to the secured credit facility and investment financing entered into by the Company during 2022.

 

Shachar Daniel, Chief Executive Officer of Alarum, stated, "We are pleased to have made these achievements during 2022 with growth of 80% year-over-year, and the eighth consecutive quarter of record revenues."

 

"An additional milestone we accomplished this year was turning our subsidiary, NetNut Ltd., to a profitable company, while accelerating its revenue growth. The Company’s overall burn rate was significantly reduced in the third and fourth quarters of 2022, and we expect this trend to continue in 2023," Mr. Daniel added.

 

Alarum expects to release the fully reviewed and audited financial statements on or before March 31, 2023.

 

About Alarum Technologies Ltd.

Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of digital privacy and cyber-security and solutions. The Company operates in two distinct segments: solutions for enterprises and solutions for consumers.

 

Via NetNut Ltd., our privacy solutions for enterprises are based on our world’s fastest and most advanced and secured proxy network, enabling our customers to collect data anonymously at any scale from any public sources over the web using a unique hybrid network. 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 cybersecurity and privacy solutions for consumers provide a privacy blanket against online threats as well as a powerful, secured, and encrypted connection, masking users’ online activity and keeping them safe from hackers. 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.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws and the Israeli securities law. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Alarum is using forward-looking statements in this press release when it discusses preliminary unaudited estimates of revenues and revenue growth for the fourth quarter and full year ended December 31, 2022, its preliminary cash and cash equivalents balance as of December 31, 2022, the potential for additional funds under the secured credit facility and investment financing, the drivers of the Company’s revenue growth, future revenue growth, the expectation that the decrease in Company’s cash burn rate will continue in 2023, and overall performance. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 29, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

The Company is providing revenue, cash and cash equivalents balance estimates in this press release, rather than final amounts, primarily because the financial closing process and review are not yet complete and, as a result, the Company’s final results upon completion of its closing process and review may vary from these preliminary estimates.

 

INVESTOR RELATIONS CONTACTS:

Michal Efraty

+972-(0)52-3044404

investors@alarum.io

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring ALAR (formerly SFET) is a paid for news release on Investorideas.com, part of the monthly content program. More disclaimer info: https://www.investorideas.com/About/Disclaimer.aspLearn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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#AIEye #Podcast 752: #Stocks discussed: (OTCQB: $LZGI) (NYSE: $KMX)

 

 

#AIEye #Podcast 752: #Stocks discussed: (OTCQB: $LZGI) (NYSE: $KMX)

 

Fatbrain AI Issues Shareholder Update, and CarMax Partners with AI Firm UVeye

 

Global Generative #AIMarket to Reach $200.73B by 2032

 

Vancouver, Kelowna, Delta, BC – January 24, 2023  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence – featuring technology company LZG International Inc. (Fatbrain AI) (OTC:LZGI)

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2023/012423-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/01241LZGI-KMX.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (OTCQB:LZGI) (NYSE:KMX)

 

LZG International Inc. (Fatbrain AI) (OTCQB:LZGI) has issued a shareholder update from CEO Peter B. Ritz. According to the update, the company’s assets now include “over 480 developers and engineers, a subscription software AI enablement platform, and a delivery operation spanning three continents.” Ritz explained:

 

“The market for AI Solutions is growing, estimated at US$119.78B in 2022 and expected to hit US$1,597.1B by 2030 with a registered CAGR of 38.1% from 2022 to 2030. We have tripled investments into innovation, R&D and AI data solutions. This includes plans to commercialize the regional cloud and SME marketplace in specific geos, as well as FatGPT™ offerings for SMEs, building on the demand highlighted by Open AI's ChatGPT and Microsoft. For example, using our FatGPT™ AI solution business owners could in seconds gain key insights across all their SaaS data such as, "what is the most profitable product purchased by my best clients?" or "which five clients owe the most money?" or "who can work the night shift next Thursday?"”

 

Automobile retailer CarMax, Inc. (NYSE:KMX) has announced that it is partnering with computer vision tech company UVeye on automated vehicle assessment technology through AI-enhanced condition reports for wholesale buyers of vehicles sold at auction. Dave Unice, CarMax’s VP of Merchandising Operations, said:

 

“CarMax’s purpose is to drive integrity by being honest and transparent in every interaction. Our partnership with UVeye allows us to further this mission by providing dealers with highly detailed imagery on auction vehicles online. We’ve been impressed with UVeye’s technology, and we believe it will help us maximize efficiencies in our wholesale auction process. We look forward to further implementing this best-in-class solution across our network and exploring new opportunities and potential uses with UVeye.”

 

Global Generative AI Market to Reach $200.73B by 2032

 

A report published by Polaris Market Research finds that the global Generative AI market is projected to grow from $10.63 billion USD in 2022 to $200.73 billion by 2032, registering a compound annual growth rate (CAGR) of 34.2 percent in the forecast period. The following excerpt from the report’s summary reads:

 

The increasing utilization of generative AI for spam detection, preprocessing data, image compression, and noise reduction from visual data along with its continuously growing usage in medical imaging and image classification are key major factors propelling the growth of the global market. Currently, generative AI is in its developing stage thus, it requires high investment in research & development activities and it requires a skilled workforce for taking it to the next stage.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - Big Investing Ideas

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#AI #Stock News: FatBrain AI (LZG International, Inc., OTCQB: $LZGI) Shareholder Update, Including 184% Q/Q Growth Momentum; @Fatbrainai #artificialintelligence

#AI #Stock News: FatBrain AI (LZG International, Inc., OTCQB: $LZGI) Shareholder Update, Including 184% Q/Q Growth Momentum; @Fatbrainai #artificialintelligence

 

NEW YORK, NY - November 21, 2022 (Investorideas.com Newswire) FatBrain AI (LZG International, Inc.) (OTCQB: LZGI) (the "Company," or "we"), the leader in powerful and easy-to-use AI solutions for economic stars of tomorrow, issued a shareholder update from CEO Peter B. Ritz. The shareholder update is included in its entirety below and can be found on FatBrain AI's website at www.FatBrain.AI.

 

Read this news, featuring LZGI in full at https://www.investorideas.com/CO/LZGI/news/2023/01231Shareholder-Update.asp

Dear Fellow Shareholders of FatBrain AI (LZG International, Inc., OTCQB: LZGI):

 

On behalf of LZG International, Inc.'s ("LZGI" or "FatBrain AI") Board of Directors, our global solutions team and our clients, we are grateful and delighted to have you as a shareholder, a valued part of the FatBrain AI family.

 

I am pleased to share this update on where we stand and how we plan to advance as a business. I look forward to providing a similar update on a regular basis going forward.

 

We are in the next phase of FatBrain AI business evolution, integrating businesses we acquired with focus on AI solution development and delivery. Our assets now include over 480 developers and engineers, a subscription software AI enablement platform, and a delivery operation spanning three continents.

 

We are reporting over $6.9M in quarterly revenue, Sep-Nov 2022, reflecting a 184% Q/Q increase, with 81% gross margins Jun-Nov 2022. In Dec 2022, we gained over $6M in monthly revenue, while also paying down to zero a $1.7M working capital line.

 

We are focused on building one global team, integrating all our acquisitions into a scalable platform for organic growth. While we don't have plans for new acquisitions as we unify operations, we are tracking a $281M pipeline in new acquisitions across 21 businesses which score high on our accretive AI Solutions scale.The market for AI Solutions is growing, estimated at US$119.78B in 2022 and expected to hit US$1,597.1B by 2030 with a registered CAGR of 38.1% from 2022 to 2030. We have tripled investments into innovation, R&D and AI data solutions. This includes plans to commercialize the regional cloud and SME marketplace in specific geos, as well as FatGPT™ offerings for SMEs, building on the demand highlighted by Open AI's ChatGPT and Microsoft. For example, using our FatGPT™ AI solution business owners could in seconds gain key insights across all their SaaS data such as, "what is the most profitable product purchased by my best clients?" or "which five clients owe the most money?" or "who can work the night shift next Thursday?"

 

Our mission is to become the world's leading provider of AI solutions for emerging business stars of tomorrow. We greatly appreciate the confidence you have shown in us to date and we look forward to earning your continued support.

 

With kindest personal regards,

 

Peter B. Ritz

Co-founder and CEO

 

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on September 13, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are based entirely on management's best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

About FatBrain AI (LZG International, Inc., OTCQB:LZGI):

FatBrain AI provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (SMEs) to grow, innovate, and drive the majority of the global economy. FatBrain's AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain's subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud. FatBrain's global footprint includes design and development centers in the US, India, Kazakhstan and the UK.

 

For more information, please visit: https://www.fatbrain.ai

 

SOURCE: Lotus Ventures, Inc.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure. LZG International Inc is a paid featured AI stock: news and social media publishing. More details

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#Data, #Security and #Privacy #Stocks in the News (NASDAQ: $SFET) (NASDAQ: $SPLK) (NASDAQ: $ZI) (NYSE: $SNOW) @SafeTGroupltd @splunk @SnowflakeDB @ZoomInfo

#Data, #Security and #Privacy #Stocks in the News  (NASDAQ: $SFET) (NASDAQ: $SPLK) (NASDAQ: $ZI) (NYSE: $SNOW) @SafeTGroupltd @splunk @SnowflakeDB @ZoomInfo

 

Vancouver, Kelowna, Delta, BC - January 18, 2023 - Investorideas.com, a leading investor news resource covering data extraction and data cloud stocks releases a special report on the growth of the industry featuring Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET).  As more industries become connected to wireless and wired networks, not only does data storage and management become important, but also data extraction and sorting as more and more companies utilize these new technologies to scale up productivity and efficiency.

 

Read this article, featuring SFET in full at https://www.investorideas.com/news/2023/defense/01181Data-Security-Privacy.asp

 

Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET), a global provider of cybersecurity and privacy solutions to consumers and enterprises, recently announced that NetNut Ltd, the Company's wholly owned subsidiary and enterprise privacy network unit, is expanding its presence into the price comparison market with new customers from the travel sector that operate price comparison websites (PCW).

 

These new customers will be utilizing NetNut’s solutions to improve their price comparison capabilities and offer their users seamless and competitive business analysis and increased productivity. These new partnerships will allow NetNut to tap into the growing PWC marketplace and further establish itself as a leading provider of proxy solutions.

 

"We are pleased to partner with new customers in the price comparison website market, as it allows us to further strengthen our presence in the travel industry, a competitive market for our customers. We are confident that our solutions will provide our customers with valuable benefits, allowing them to offer their users an efficient and competitive experience," said Shachar Daniel, Safe-T's Chief Executive Officer.

 

NetNut recently announced it has doubled its usage volume and processed over 36 billion customer's requests. The sharp increase in volume is a result of the onboarding of several strategic customers, as well as the expansion of NetNut's network and its ability to process billions of requests.

 

A recent news piece from MarketWatch discussed Safe-T Group’s record earnings stating that, “When it comes to Wall Street valuing companies, share prices are often imperfect representations of a company's performance – even more so in low-float companies where small trades can induce significant change. That appears to be the case with Safe-T Group Ltd., a global provider of cyber-security and privacy solutions to consumers and enterprises. Of course, calling the SFET share price imperfect needs supporting evidence. Fortunately, SFET provides plenty. Last month, the company reported what many in the current economic client can't: record-setting profits. In fact, its Q3 earnings were more than record-setting; they showed that SFET is in hypergrowth. Specifically, revenues for the three months that ended September 30, 2022, scored a record $4,812,000, an increase of 42% compared to last year. Growth was even more substantial on a nine-month comparison, with SFET posting a record level of $13,610,000, an increase of 109% from the same period in 2021. By the way, both of these measures exceeded guidance.”

 

The article continued, “Top-line growth isn't the only number that should be earning investors' attention, however, as SFET’s bottom line numbers are equally impressive. There, gross profit for the nine months surged by 143% to $7,360,000 over last year's comparable. For the three months ending September 30, gross profit scored $2,627,000, 47% higher than the previous year's period. The even better news is that investors should expect the bullish momentum behind SFET's growth to continue, a product of operating expense reductions that already resulted in a 25% reduction in net loss and a 30% decrease in Adjusted EBITDA Loss in Q3 compared to the second quarter of 2022. That shows what investors like to see: consecutive quarterly improvements.”

 

Data management and extraction continues to be validated, not only by the consumer market and their demands, but also with regards to global change. Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, last month released its second annual Global Impact Report. The report details the company's progress across four areas that matter most to Splunk and its stakeholders - social impact, ethical and inclusive growth, data responsibility and environmental sustainability.

 

"We believe that purpose-led impact work drives business growth and success benefiting our customers, stockholders and communities," said Scott Morgan, SVP, Chief Legal Officer, Global Affairs for Splunk. "We are proud of our progress in these areas and inspired by our customers and others, who count on us to help create resiliency in their digital operations and interactions. Splunk is committed to embedding important impact initiatives into our decision making and operations to create a more successful business and better world through bridging the data divide."

 

The 2022 Global Impact Report underscores Splunk's dedication to building and maturing its programs and initiatives, powered by and in service to the vision, passion and expectations of its customers, stockholders, employees and other stakeholders. Below are top highlights across the company's four-pillar Global Impact Strategy.

 

In FY22, Splunk launched the Splunk Strategic Giving program, providing over $1 million in unrestricted grants to nonprofit partners aligned with its mission to bridge the data divide- the division between those who have access to data and those who do not. One such recipient is TechVets, a U.K. nonprofit and programme in the Forces Employment Charity that helps veterans navigate the transition out of the military and into new civilian careers in technology. Splunk's funding and free technical training through its workforce development program enables TechVets to provide no-cost access to Splunk courses and certifications.

 

The Environmental Sustainability pillar of Splunk's Global Impact Strategy aims to identify, measure and reduce the environmental impacts of company operations by focusing on climate change, resource efficiency and environmentally-preferred purchasing.

 

In FY22, Splunk announced its intent to achieve net zero greenhouse gas emissions by 2050, as well as a commitment to set a suite of shorter-term science-based targets. Splunk's Global Impact Report provides a progress update of the company's Global Climate Resilience and Innovation strategy work to develop a net zero transition roadmap and set a suite of science-based emissions reduction targets.

 

One recent report titled, “Data Extraction Market Size, Share, Cost Structure Analysis And Forecast To 2030”, discussed what is driving the trend towards better data management and functionality. The article stated that a “Surge in adoption of big data and business analytics software by multiple organizations and need for dedicated storage systems for growing volume of data across the globe drive the growth of the market. In addition, numerous benefits provided by data extraction software fuels the market growth. Moreover, growing concerns regarding the quality of data and complexity in extracting data from various sources hamper the growth of the market. Furthermore, growth in adoption of AI in data extraction and emerging trends of adopting virtual data warehousing are anticipated to provide lucrative opportunities for the market expansion during the forecast period.”

 

Snowflake Inc. (NYSE: SNOW), the Data Cloud company, announced last year at its Snowday 2022 event, the final San Francisco stop on its Data Cloud World Tour, that they have seen continued growth across the Data Cloud ecosystem, driven in part by Snowflake’s cloud, data provider, services, technology, and Powered by Snowflake partners, alongside its customers.

 

Launched over two years ago, the Snowflake Partner Network continues to serve as the engine that fuels the growth of the Data Cloud ecosystem, unlocking the potential of the Data Cloud with a broad array of solutions, applications, and partners that help mobilize the world’s data.

 

"Together, Deloitte and Snowflake are supporting customers end-to-end through their data mobilization journeys," said Frank Farrall, Principal – Data and AI Alliances Leader, Deloitte Consulting LLP. "Our alliance with Snowflake allows us to be part of the process of helping to redefine the market for data technology, empowering our joint clients to achieve their digital innovation goals and unlock business value at scale."

 

 

"Earlier this year, Capital One entered the enterprise B2B software market with the launch of Capital One Software and our first product, Slingshot," said Salim Syed, VP and Head of Engineering, Capital One Software. "We chose to develop a Slingshot app for Snowflake Marketplace to further enhance the Slingshot customer experience and increase the time to value for our joint customers. The ease at which consumers can securely install and run applications directly in their Snowflake instances is of huge value to those building applications in Snowflake."

 

ZoomInfo Technologies Inc. (NASDAQ: ZI), a global leader in modern go-to-market software, data and intelligence, announced earning 29 No. 1 rankings across 87 grids in the G2 Winter 2023 Grid® Reports, setting a company record for top rankings and expanding its leadership in Enterprise categories.

 

Overall, the company received 198 awards in the G2 Winter 2023 reports, which also include G2’s Momentum Reports and Index Reports. ZoomInfo’s products secured No. 1 rankings in Buyer Intent Data, Sales Intelligence, Market Intelligence, Marketing Account Intelligence, Account Data Management, Lead Intelligence, Email Verification, Data Quality, and 21 other categories.

 

"ZoomInfo continues to expand the number of best-in-class functions inside our innovative platform to help revenue teams go to market," ZoomInfo Founder and CEO, Henry Schuck said. "We’re especially proud of how our products power enterprise businesses worldwide."

 

The Winter 2023 Grid® Reports are based on G2’s unique algorithm, which calculates customer satisfaction and market presence scores in real time, based on user reviews and data aggregated from online sources and social networks. ZoomInfo’s high placement in these categories underscores how best-in-class data feeds every step of a sales and marketing professional’s workflow.

 

It becomes clear that the future of many, if not all industries, will slowly become powered by one or the other of these data ecosystems and that this will become more and more of a necessity as technology continues to change the face of competition. Soon you may not even need to read these articles as a “powered by” app may provide a better understanding of market research by simply data scraping the news for you.

 

 

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Disclaimer/Disclosure: Investorideas.com. Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: this news article featuring SFET is a paid for service on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Contact management and IR of each company directly regarding specific questions. Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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