Allot Ltd. (NASDAQ: ALLT ), a pioneer in deep network inspection (DNI) and cybersecurity solutions, is uniquely positioned for an era of profitable growth, driven by its strategic transformation into a Security-as-a-Service (SECaaS) company, sharply improved execution, and new opportunities in its core DNI market. EvenAnalyst’s Disclosure: I/we have a beneficial long position in the shares of ALLT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my ...

Financial Data and Key Metrics Changes - The company reported revenue of $23.2 million for Q3 2024, representing a year-over-year increase of 3% and a 5% increase compared to the prior quarter [22] - Non-GAAP gross margin improved to 71.7%, up from 47.9% in Q3 2023 and 70.6% in the prior quarter [24] - Non-GAAP operating income was $1.1 million, a significant improvement from an operating loss of $11.1 million in Q3 2023 and a loss of $1 million in the prior quarter [26] - Non-GAAP net profit was $1.3 million, or $0.033 per diluted share, compared to a net loss of $10.8 million or $0.28 per basic share in Q3 2023 [27] - Positive operating cash flow of $1.9 million was reported, with cash and short-term investments totaling $54.5 million, an increase from $53.2 million in the prior quarter [28][29] Business Line Data and Key Metrics Changes - Security as a Service (SECaaS) revenues increased by 69% year-over-year, reaching $4.7 million, which comprised 20.1% of total revenue for the quarter [10][22] - SECaaS annual recurring revenue (ARR) as of September 2024 was $17.2 million, with expectations for double-digit growth year-over-year for the full year [22][29] Market Data and Key Metrics Changes - The company is experiencing strong momentum in its core security business, particularly through partnerships with major telecom providers like Vodafone and MEO, which are expected to expand the recurring revenue base [19][20] Company Strategy and Development Direction - The company is positioning itself as a security-first organization, focusing on a unified business unit that leverages its security and network intelligence capabilities [14] - The strategic plan aims to drive long-term profitable growth, with an emphasis on enhancing customer offerings and improving operational efficiencies [15][20] - The company is exploring opportunities in cloud and 5G markets, particularly for traffic management and cybersecurity solutions [17] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's direction, highlighting a return to financial stability and renewed growth [18][20] - The focus remains on transitioning to a more recurring revenue model, with expectations for continued growth in SECaaS [34] Other Important Information - The company reduced operating expenses significantly, with non-GAAP operating expenses at $15.6 million, down over 29% from Q3 2023 [25] - The company plans to moderately reduce headcount in specific areas as part of its reorganization strategy [25] Q&A Session Summary Question: ARR growth guidance and expectations for Q-over-Q performance - Management confirmed expectations for SECaaS ARR to continue growing next quarter, despite a temporary catch-up revenue affecting current figures [33] Question: Drivers behind operating profit expectations - Management indicated that reliance on nonrecurring revenue makes predictions challenging, but they expect continued good performance [34] Question: Drivers of SECaaS ARR increase - The increase was attributed to new services launched by existing customers and an expanding customer base [35] Question: Gross margin improvement - Management noted that part of the gross margin increase was due to a one-time catch-up in SECaaS revenue, along with favorable deal types [40] Question: R&D expenditure changes - Management clarified that R&D levels are expected to remain stable, with ongoing investments in innovation [42][46] Question: Non-SECaaS revenue growth potential - Management acknowledged the unpredictability of nonrecurring revenue but highlighted a favorable competitive environment and strong technology as potential growth drivers [48]

Allot Communications (ALLT) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this internet protocol services company would post a loss of $0.04 per share when it actually produced a loss of $0.02, delivering a surprise of 50%.Over the las ...

Reports non-GAAP operating profit for the first time in three yearsHOD HASHARON, Israel, Nov. 19, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter of 2024.Financial Highlights for the Third Quarter Revenues of $23.2 million were up 5% sequentially and 3% year over year, representing a return to g ...

Exhibit 99.1 Allot Announces Third Quarter 2024 Financial Results Reports non-GAAP operating profit for the first time in three years Hod Hasharon, Israel – November 19, 2024 - Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the third quarter of 2024. Financial Highlights for the Third Quarter • Revenues of $23.2 million were up 5% se ...

Hod Hasharon, Israel, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and converged network-native security solutions for communication service providers and enterprises, today announced that Portugal’s MEO will deploy a new security service named Casa Segura for its fixed broadband consumer customers. The service will be based on Allot HomeSecure, an Allot solution that was chosen by MEO in a deal that was signed late in ...

Hod Hasharon, Israel, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of innovative network intelligence and security-as-a-service (SECaaS) solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 19, 2024 at 8:30AM ET (1:30PM UK, 3:30PM Israel). The unaudited financial results of the quarter will be published prior to the commence ...

Allot Ltd. (NASDAQ:ALLT) Q2 2024 Earnings Conference Call August 27, 2024 9:00 AM ET Company Participants Kenny Green - EK Investor Relations Eyal Harari - Chief Executive Officer Liat Nahum - Chief Financial Officer Conference Call Participants Nehal Chokshi - Northland Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to Allot's Results Conference Call. All participants are present in listen-only mode. Following management's formal presentation, instructions will be given f ...

HOD HASHARON, Israel, Aug. 27, 2024 /PRNewswire/ -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the second quarter of 2024.Financial Highlights for the Second QuarterRevenues were $22.2 million, stable compared with that of the prior quarter;Non-GAAP gross margin was 70.6%;Security as a Service (SECaaS) revenues continued to grow ...

Exhibit 99.1 Allot Announces Second Quarter 2024 Financial Results Hod Hasharon, Israel – August 27, 2024 - Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited financial results for the second quarter of 2024. Financial Highlights for the Second Quarter • Revenues were $22.2 million, stable compared with that of the prior quarter; • Non-GAAP gross margin was 7 ...