Safe-T Group Ltd. Expects Record Nine Month 2022 Revenues

HERZLIYA, Israel, Oct. 19, 2022 (GLOBE NEWSWIRE) — Safe-T® Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of cybersecurity and privacy solutions to consumers and enterprises, today provided preliminary revenue guidance for the three- and nine-month ended September 30, of 2022.

Based upon a preliminary, unaudited review, Safe-T expects to report revenues for the quarter ended September 30, 2022, of approximately $4.8 million, an increase of approximately 42% compared to $3.38 million reported during the third quarter of 2021. Revenues for the nine-month period ended September 30, 2022 are expected to exceed $13.5 million, compared to revenues of $6.5 million reported in the equivalent period of 2021, representing growth of approximately 107%. Revenue growth continues to be driven by the Company’s ongoing investment in its leading privacy products.

Shachar Daniel, Chief Executive Officer of Safe-T, stated, “Safe-T continues to execute its main objectives to grow in revenues and streamline loss. The third quarter represents the seventh consecutive quarter of growth and in line with our previous statements, it was accompanied by a significant decrease in our loss and overall expenses. We remain focused on delivering strong revenue growth and improved overall performance across our business segments and are very pleased with the preliminary top-line results announced today.”

Safe-T expects to release the fully reviewed financial statements on or before November 30, 2022.

About Safe-T Group Ltd.

Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) is a global provider of cyber-security and privacy solutions to consumers and enterprises. The Company operates in three distinct segments. The segments include enterprise cyber-security solutions, enterprise privacy solutions, and consumer cyber-security and privacy solutions.

Our cybersecurity and privacy solutions for consumers provide a wide security…