Safe-T Group Ltd. offered preliminary revenue guidance for the quarter ended March 31, 2022.
Safe-T is a global provider of cybersecurity and privacy solutions to consumers and enterprises.
What Happened
Safe-T looks to report Q1’22 revenues of ~$4 million, nearly tripling its revenues compared to the $1.4 million reported for Q1’21.
The Q1 results include continued growth in new subscribers for its consumer products and enterprise privacy solutions.
CEO Shachar Daniel stated, “In the first quarter, our performance continued to be driven by growth in the consumer market, a direct result of our customer acquisition efforts.”
Why It Matters?
Safe-T’s customer acquisition program derives from a 5-year business model that employs a user Lifetime Value (LTV) metric.
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