Alarum Technologies Ltd (ALAR)

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Safe-T Group Ltd. Expects Estimated Fiscal Year 2021 Revenues to Exceed $10 Million



Driven by Focus on Consumer and Enterprise Privacy Products, The Company Estimates Revenues to Demonstrate over 170% Growth in Q4 and over 100% FY, with Further Growth Expected in 2022



HERZLIYA, Israel, January 6, 2022 - Safe-T® Group Ltd. (NASDAQ, TASE: SFET) (“Safe-T” or “the Company”), a global provider of cybersecurity and privacy solutions to consumers and enterprises, today provided preliminary revenue guidance for full fiscal year 2021.



Based upon preliminary unaudited review, Safe-T currently expects to report revenues for the quarter ended December 31, 2021 of approximately $3.6 million, an increase of over 170% compared to revenue of $1.3 million reported for the quarter ended December 31, 2020. Revenues for the 12 months ended December 31, 2021 are expected to exceed $10 million, an increase of over 100% compared to the $4.8 million reported for fiscal year 2020.



“Operationally, 2021 was a significant year for Safe-T as our team achieved many milestones, including our expanded focus on the large, global consumer cybersecurity and privacy markets. We are especially excited by the traction we are seeing in our consumer business, which is significantly contributing to our strong financial performance, enabling us to generate record annual revenue in excess of $10 million,” said Shachar Daniel, Chief Executive Officer of Safe-T Group. “Since we started our journey on Nasdaq 3 years ago, we have successfully grown our annual revenues from $1.4 million to over $10 million, a significant accomplishment. Looking into 2022, we expect strong topline growth driven by an expanded solutions portfolio and our further penetration of the global consumer and enterprise markets by the Safe-T brand.”



Safe-T expects to release the fully audited 2021 financial statements on or before March 31, 2022.