Will ALAR's Q3 2024 earnings beat forecasts?

**Alarum Technologies (ALAR) is likely to face challenges in exceeding market forecasts for Q3 2024 earnings**, based on the following points:

1. **Revenue Projections**: Alarum has estimated Q3 revenues at $7 million ±3%, which is below the consensus of $9.2 million. This indicates a more conservative outlook for the quarter.
2. **Market Dynamics**: While Alarum expects continued year-over-year growth, the company acknowledges that third-quarter revenues will be influenced by market dynamics affecting some customers since June. This suggests that while growth is expected, it may not be as robust as initially anticipated.
3. **Customer-Specific Challenges**: The company has mentioned weak demand from some customers, which began in June. This timing coincides with the current quarter, suggesting that these challenges could impact Q3 earnings.
4. **Non-Cash Expense**: Alarum incurred a $2.5 million non-cash finance expense due to a fair value increase in warrants. Although this is non-cash, it could affect the net profit figure, making it harder to beat expectations.
5. **Cash Flow and Liquidity**: Despite strong cash generation in previous quarters, the company's cash balance is crucial. With estimated Q3 revenues lower than expected, the ability to maintain or grow cash and cash equivalents might be compromised if expenses are higher than anticipated.

In conclusion, while Alarum has a history of strong performance, the current forecast indicators and external factors suggest that beating market expectations for Q3 2024 earnings might be challenging. The company's conservative revenue projections and the impact of customer dynamics and non-cash expenses point to a more cautious outlook for the quarter.