Alarum Technologies Ltd.

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Alarm Technologies fourth quarter and full year 2024 corporate update conference call. During today's presentation, all parties will be in a listen-only mode. Following management's presentation, the conference will be open to questions. If you have a question, please press the star followed by the number one on your touchtone phone. If you would like to withdraw your question, please press the star followed by the number two. If you're using a speaker, please lift the handset before making your selections. This conference is being recorded today, March 20, 2025. Before we get started, I will read a forward-looking statements disclaimer. This conference call may contain, in addition to historical information, forward-looking statements within the meaning of the safe harbor provisions of the Private Security Litigation Reform Act of 1995 and other federal security laws. Forward-looking statements include statements about plans, objectives, goals, strategies, future events of performance and underlying assumptions, and other statements that are different than historical fact. For example, when we discuss our first quarter or 2025, first quarter of 2025 guidance, our future strategy and long-term vision, our potential for continued sustainable future growth, the potential of long-term collaborations, future opportunities and success, we are using four living statements. These four looking statements are based on current management expectations and are subject to risks and uncertainties that may result in expectations not being realized and may cause actual outcomes to differ materially from expectations reflected in these four looking statements. Potential risks and uncertainties include those discussed under the heading Risk Factors and Alarms Annual Report on Form 20-F, filed with the Securities and Exchange Commission, SEC, earlier today. March 20, 2025, and in subsequent filings with the SEC. All such forlicking statements, whether written or oral, made on behalf of the company are expressly qualified by these cautionary statements, and such forlicking statements are subject to risk and uncertainty, and we caution you not to place undue reliance on these. On the call, the company will also present non-IFRS key business metrics. The non-IFRS key business metrics the company uses are EBITDA and adjusted EBITDA, non-IFRS gross margin, non-IFRS net profit or loss, and non-IFRS basic earnings or loss per share or ADS. The exact definitions and reconciliation of these non-IFRS key business metrics are described in the company's fourth quarter and full year 2024 financial results press release. which is available on the Investors Lobby on our website, Alarm.io slash Alarms-Investors-Lobby slash. I'll now turn the call over to Shahar Daniel, Alarm Technologies Chief Executive Officer.

Mr. Daniel, the floor is yours. Thank you.

Good day, everyone, and welcome to Alarm Technologies' fourth quarter and full year 2024 results conference call. I'm joined today by Shai Avneet, our Chief Financial Officer. I will cover our progress, the trends we are seeing in the data collection market, our strategy, and longer-term vision. Shai will review the financials and provide our Quarter 1 2025 guidance. I will then come back for a short summary of our prepared remarks, and we will open the call for your questions. 2024 has been the most pivotal year for our company and which we believe will be one of the most transformative for the future of technology as the AI revolution is reshaping our world at an unparalleled pace. Despite market fluctuations, we continue to demonstrate financial resilience. In 2024, we fully executed the strategic vision introduced less than two years ago to focus solely on data collection while phasing out from other activities Alarong was engaged in. We launched cutting-edge products in the data collection domain and recognized initial revenues from those new products. We further solidified our financial position through operational profitability and cash flow generation. Annual revenue reached a record of high $31.8 million, of which 97% was attributed to data collection and adjusted EBITDA reach to a record of $9.4 million. 2024 marked our shift to redefine our business through data collection. But more than anything, it was the year in which we began realizing the true impact of the AI revolution and our critical role in this exchange era. In today's world, data is the new oil. It's a key driver of innovation, decision-making, and gaining a competitive advantage. As data fuels AI, the companies that will lead this transformation are those that anticipate change, build the right foundation, and position themselves for a longer-term relationship. This is exactly what we are aiming for at Alarm, step by step. With the foundation of information access being redefined, websites, data sources, and access restrictions are constantly being modified. We are witnessing a fundamental shift an intense battle between traditional websites, which have long served as the world's primary source of information, and AI-driven platforms that now threaten to replace them. In this new reality, data is increasingly becoming the most valuable asset in the competition between AI platforms and between AI and traditional web-based information sources. With that said, this evolving landscape is leading to a dynamic environment higher volatility and revenue fluctuation across the industry, allow them to be impacted by these trends and benefiting at times challenged. Our strong financial position and strategic initiatives position are well for continuous sustainable future growth. That said, we firmly believe we are at a once-in-a-generation inflection point. Looking ahead and preparing the company for its next steps, we substantially expanded coverage of our IP network in 2024. Power and critical data access for our customers worldwide. We enhanced infrastructure and capacity, building a scalable local network, which is essential to handle massive data traffic. We are reaping the fruits of our investment in our introducing high-performance innovative products. with initial model sales already recorded and growing interest underway. We continue to make inroads to data collection and labeling market. The website unblocker drives entry into the multi-billion dollar data collection market, enhancing access and efficiency. Our AI data collection ensures continuous data flow with a no-code setup and a real-time AI adaption. Exiting 2024, we saw a spike in demand from AI-driven companies for high-quality, large-scale data extraction solutions. I'm very excited to share that in Q4 2024 and Q1 2025, we started initial AI model training and analysis trial projects, including data and video by new customers, including one of the world's largest corporations, a global online marketplace. place cooperation. We believe that this initial project could pave the way for a long-term collaboration with immense potential. As I have emphasized previously, our investment over the past years in growing our IT network was designed to prepare us for this moment, and the demand from AI-driven customers validates our decisions. As we enter 2025 in prime position to serve as an enabler in today's evolving landscape. Yet, I would like to emphasize that capitalizing on massive, long-standing potential requires patience and a long-term forward-looking approach. Fortunately, our profitability and operational efficiency have enabled us to build a strong cash-generating business that allowed us to pursue relevant opportunities. At Alarm, we believe that success in a fast-moving market comes from vision, adaptability, and strategic positioning. We have flexibility to focus on bold strategic moves that drive sustainable growth. With that, I will now turn the call over to Shai for a review of the financial highlights.