Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 64

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 5
Chunk 64
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 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  Adjustments:                                                                                          
  Depreciation, amortization and impairment of intangible assets                         0.6       3.5  
  Financial expense (income), net                                                       (0.4       0.6  
  Tax expense (benefit)                                                                  1.4      (0.5  
  EBITDA (EBITDA loss)                                                                   7.4      (2.0  
  Adjustments:                                                                                          
  Impairment of goodwill                                                                   -       6.3  
  Share-based compensation                                                               2.0       0.9  
  Adjusted EBITDA                                                                        9.4       5.2  

                                                                      December 31,            
  U. S. dollars in millions                                                   2024            
  Net profit (loss) from continuing operations                                 5.8      (5.6  
 ──────────────────────────────────────────────────────────────────────────────────────────────
  Adjustments:                                                                                
  Depreciation, amortization and impairment of intangible assets               0.6       3.5  
  Financial expense, net effects                                               0.1       0.1  
  Impairment of goodwill                                                         -       6.3  
  Deferred tax effects                                                        (0.1      (0.5  
  Share-based compensation                                                     2.0       0.9  
  Non-IFRS net profit                                                          8.4       4.7  

Factors Affecting our Performance

We rely on businesses requiring
gathering data over the Internet using residential and Data Center IP addresses from various geographies. Also, our revenues from consumers
access tools rely on consumers’ willingness to spend money to increase their safety and privacy while using the internet.

Our prospective customers
in the enterprise access segment often do not have a specific portion of their information technology budgets allocated for products that
address the next generation of privacy solutions. We invest in sales and marketing efforts to increase market awareness, educate prospective
customers, and drive the adoption of our solution. We believe that we will need to invest additional resources in targeted global markets
to drive awareness and market adoption. The degree to which prospective customers recognize the mission critical need for collecting valuable
information from internet sites will drive our ability to acquire new customers, increase renewals and follow-on sales opportunities,
which, in turn, will affect our future financial performance.

Rel