But more than early to an already massive opportunity, NetNut is showing itself as a better optimization solution for clients in the sector. That's led to explosive growth, evidenced by SFET reporting NetNut has doubled its usage volume within one month and processed over 36 billion customer requests. The sharp spike in volume is attributed to the onboarding of several strategic customers and integrations facilitating NetNut's network ability to process billions of requests compared to prior periods. Even better, SFET expects more acquisitions as potential clients become better acquainted with NetNut's ability to improve price comparison capabilities and offer users seamless and competitive business analysis and increased productivity.
And keep this in mind: NetNut's impressive growth is just one part of the SFET value proposition.
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Three Business Segments Contributing To Record Growth
SFET's three business segments, which include enterprise privacy solutions, consumer cyber-security and privacy solutions, and enterprise cyber-security solutions, are also contributing to the record-setting revenue growth. Its cybersecurity and privacy solutions for both basic and advanced consumers provide a substantial security blanket against ransomware, viruses, phishing, and other online threats. It also provides users with a powerful, secured, and encrypted connection, masking their online activity and keeping them safe from hackers.
Its third value driver, cybersecurity solutions for enterprises, is available through its reseller,
The result of SFET targeting multiple market opportunities: record-setting revenues and bottom-line growth.
Best-Ever Revenues, Consecutive Quarterly Growth
SFET reported record-setting growth in Q3, an achievement that most companies weren't able to match. Many of the sector behemoths like
Record-setting revenues aren't the only numbers attracting investors' attention. SFET's bottom line numbers are equally exciting. There, gross profit for the nine months surged by 143% to
Analysts agree. The two covering SFET stock have a median 12-month price target of
Record-Setting Performance Fueled By Innovative Financing
The good news for investors is that the rally could happen sooner than later. SFET's most recent financials contributed to its aggregating seven consecutive quarters of revenue growth. That achievement is especially impressive knowing that expansion has come despite some of the most turbulent and challenging times of business history, with pandemic-related issues closing economies and disrupting corporate spending. Despite that, SFET navigated its business terrain successfully. It delivered consistent operational progress, financed its operations, and facilitated growth through a non-dilutive credit line from a leading Israeli bank and a strategic revenue-share model financing from an industry expert.
That model is proving beneficial to shareholders and lenders. Much of the non-dilutive funding came through a unique arrangement, with banks and strategic investors buying into SFET's strengths. Following their own validations, they invest in the purchase of consumers (a future asset being customers), which are expected to deliver a consistent, leveraged, and high return on investment. The company noted that funding through this model allowed SFET to invest
The better news is that with the financing strategy attractive to investors on an ROI basis, SFET has been able to guide that future deals can help facilitate potentially exponential growth to near and long-term revenues. Factoring in that potential, which is supported by data, analysts could be led to increase revenue estimates. If that's the case, price targets will likely rise in tandem. In other words, with a bullish setup into Q4 and 2023, trading ahead of expectations may be timely.
More Records Expected In Q4 And In 2023
In fact, SFET has provided the evidence to show the company is in its best position ever to grow. After its impressive Q3 financials, SFET continues to give updates highlighting organic growth and the strengthening momentum behind it. That tailwind is strong, too, as demonstrated by its enterprise privacy business turning profitable and scoring three months of record-setting numbers. Following that update, recent news about NetNut, and its CyberKick subsidiary performing better than expected, it's clear that SFET is firing on all cylinders operationally.
That's not all. At the end of September, SFET's cash position totaled about
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The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
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