- Safe-T ( NASDAQ: SFET ) stock rose 6. 3% before the bell on Wednesday after the firm forecast Q3 revenue growth of ~42% Y/Y at ~$4.8M, driven by ongoing investment in its privacy products.
- The cybersecurity solution provider projects revenue for the nine-month period ended Sept. 30 to exceed $13.5M, up ~107% Y/Y.
- "Q3 represents the seventh consecutive quarter of growth and it was accompanied by a significant decrease in our loss and overall expenses," said Safe-T ( SFET ) CEO Shachar Daniel.
- The firm expects to release fully reviewed results on or before Nov. 30.
- Shares of Safe-T ( SFET ) declined ~46% YTD.
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Safe-T stock rises 6% before the bell on upbeat revenue guidance