By Sabela Ojea
Shares of Alarum Technologies on Tuesday surged after the company said that it expects cash flow to hit a record high at end the third quarter.
The stock was up 25% to $4.60 at 11:07 a.m. ET, and has increased 78% in the past three months.
The software company said its cash flow position of over $1.5 million driven by its operating activities, compared with a negative cashflow of $1.4 million for the same period a year earlier.
Cash and cash equivalents as of Sept. 30 amounted to about $7.7 million, it added.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix
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