Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 73

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 73
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ating profit from the data collection segment. This positive figure represents a $4.3 improvement compared to the $4.6 million provided
by continuing operating activities during the year ended December 31, 2023. The improvement is attributed to the growth in the data collection
segment, combined with material cost reduction in the consumer data collection segment due to this business being scaled down, mainly
in operating costs.

During the year ended December
31, 2023, net cash provided by continuing operating activities was $4.6 million, primarily attributed to cash flows from customers’
payments which exceeded the cost of revenues and the operational costs, stemming from the data collection segment. This positive figure
represents a $12.7 improvement compared to the $8.1 million used in continuing operating activities during the year ended December 31,
2022. The improvement is attributed to the growth in the data collection segment, combined with material cost reduction in the consumer
internet access segment due to this business being scaled down, mainly in operating costs. Also, the Company benefited from a reduction
of $2.4 million of legal fees, due to patent related proceedings that were resolved by a settlement on May 17, 2022.

Cash Flows Provided by continuing Investing
Activities

During the year ended December
31, 2024, net cash used in continuing investing activities was $9.3 million, compared to $0.6 million provided during the year ended December
31, 2023. The operating cash flow generated in 2024 was invested primarily in $10.0 million of debt investments. This investment was partially
offset by interest of $0.8 million received from short-term bank deposits.

During the year ended December
31, 2023, net cash provided by continuing investing activities was $0.6 million, compared to $5.1 million during the year ended December
31, 2022. The cash generated in 2023 resulted from a repayment of restricted deposits in the amount of $0.7 million compared to the sale
of short-term investments in the amount of $5.7 million during 2022.

Cash Flows Provided by continuing Financing
Activities

During the year ended December
31, 2024, net cash provided by continuing financing activities was $4.7 million, primarily attributed to warrants and options exercises.

During the year ended December
31, 2023, net cash provided by continuing financing activities was $2.2 million, primarily attributed