Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 182

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 182
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 S. dollars in thousands                       
  Net cash used in operating activities                                                ( 935  
  Net cash used in financing activities                                                 ( 13  
  Net cash outflow                                                                     ( 948  

F-30

ALARUM TECHNOLOGIES LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

NOTE 15 - REVENUE AND COST OF
REVENUE:

Revenue

                                Year ended December 31                                         
                                2024                                                           
 ───────────────────────────────────────────────────────────────────────────────────────────────
                                U. S. dollar in thousands                                      
  Software as a Service:                                                                       
  Web data collection                                          30,913      21,291       8,480  
  Consumer internet access                                        873       2,418       3,371  
  Advertising services                                             38       2,812       6,699  
                                                               31,824      26,521      18,550  

The Company recognized $1,983thousand, $1,170thousand and $514thousand
of revenue in 2024, 2023 and 2022, respectively, related to contract liability balances at the beginning of the respective annual periods.

Revenue by Geographic Area

                               Year ended December 31                          
                                                 2024                          
 ───────────────────────────────────────────────────────────────────────────────
                            U. S. dollar in thousands                          
  China                                         5,269       1,730         425  
  U. S.                                         4,403       5,534       4,110  
  United Arab Emirates                          6,460       3,155         417  
  Europe                                        4,313       5,210       2,599  
  Asia Pacific                                  3,443       2,296         411  
  U. K. Virgin Islands                             32       3,109       7,009  
  Hong-Kong                                     4,381         339         118  
  Middle East & Africa                          2,083       2,166         471  
  Israel                                          788       2,149         177  
  Other                                           652         833       2,813  
                                               31,824      26,521      18,550  

No single customer in 2024 exceeded10% of total
revenues. Revenue in 2023 of $3,055thousand