Safe-T Group Ltd Provides Preliminary and Unaudited Revenue Guidance for the Year Ended December 31, 2020 and Fourth Quarter 2020
January 08, 2021 at 08:30 am
Safe-T Group Ltd. provided preliminary and unaudited revenue guidance for the year ended December 31, 2020 and fourth quarter 2020. On a preliminary and unaudited basis, Safe-T Group expects to report revenues for the year ended December 31, 2020 in the range of $4.85 million to $4.95 million, an increase in the range of 48% to 51%, respectively, compared to $3.28 million during 2019.
On a preliminary basis, the Company’s fourth quarter 2020 revenue is expected to be in the range between $1.25 million to $1.35 million, compared to $1.11 million in the fourth quarter of 2019. Almost 90% of total revenues were generated either by using a Software as a Service (“SaaS”) model or recurring license subscription or support contracts.