Allot(US:ALLT)2025-11-20 11:07Financial Performance - Total revenues for Q3 2025 were $26.4 million, a 14% increase year-over-year from $23.2 million in Q3 2024[5] - GAAP operating income was $2.2 million, compared to a loss of $0.2 million in Q3 2024[6] - Non-GAAP operating income increased to $3.7 million from $1.1 million in Q3 2024[8] - Net income on a GAAP basis was $2.8 million, or $0.07 per diluted share, improving from a net loss of $0.2 million, or $0.01 per basic share, in Q3 2024[8] - GAAP net income for Q3 2025 was $2,824,000, compared to a loss of $244,000 in Q3 2024, representing a significant turnaround[23] - Non-GAAP net income for Q3 2025 was $4,579,000, up from $1,261,000 in Q3 2024, indicating a year-over-year increase of 264%[23] - Net income for Q3 2025 was $2.824 million, a significant improvement from a net loss of $244 million in Q3 2024[29] Revenue Breakdown - SECaaS represented 28% of overall revenue, with SECaaS ARR reaching $27.6 million, up 60% year-over-year[6] - Total revenues for Q3 2025 reached $26.4 million, with a geographic breakdown showing 31% from the Americas, 49% from EMEA, and 20% from Asia Pacific[31] - SECaaS (Security as a Service) revenues in Q3 2025 were $7.3 million, up from $6.4 million in Q2 2025[31] - The top 10 customers accounted for 60% of total revenues in Q3 2025, compared to 47% in FY 2023[31] Guidance and Future Outlook - The company raised its full year 2025 revenue guidance to between $100 million and $103 million[4] Profitability and Margins - Gross profit on a GAAP basis was $18.9 million, with a gross margin of 71.4%, up from $16.4 million and 70.4% in Q3 2024[5] - GAAP gross profit for Q3 2025 was $18,866,000, a 15% increase from $16,364,000 in Q3 2024[23] - Non-GAAP gross profit for the nine months ended September 30, 2025, was $53,014,000, compared to $47,724,000 in the same period of 2024, showing an increase of 11%[23] Cash Flow and Liquidity - Operating cash flow for the quarter was $4.0 million, with total cash at $81 million, an increase of $22 million from $59 million at the end of 2024[10] - Cash flows from operating activities provided $4.041 million in Q3 2025, compared to $1.883 million in Q3 2024[29] - Cash and cash equivalents rose to $24,232,000 in Q3 2025, up from $16,142,000 in Q4 2024, marking a 50% increase[27] - Cash and cash equivalents at the end of Q3 2025 were $24.232 million, down from $28.226 million at the end of Q3 2024[29] Assets and Liabilities - Total current assets increased to $127,516,000 as of September 30, 2025, compared to $90,176,000 at the end of 2024, reflecting a growth of 41%[27] - Total liabilities decreased to $62,195,000 as of September 30, 2025, down from $89,832,000 at the end of 2024, a reduction of 31%[27] - The company has no debt as of September 30, 2025[10] Expenses and Investments - Research and development costs, net, for Q3 2025 were $400,000, slightly down from $402,000 in Q3 2024, indicating stable investment in innovation[25] - The company reported a GAAP operating expense of $16,716,000 for Q3 2025, which is relatively stable compared to $16,581,000 in Q3 2024[23] - The company experienced a net cash used in investing activities of $11.369 million in Q3 2025, compared to a net cash provided of $10.462 million in Q3 2024[29] Shareholder Information - The weighted average number of shares used in computing GAAP diluted net income per share increased to 41,487,057 in Q3 2025 from 39,202,550 in Q3 2024[23] - Non-GAAP weighted average number of fully diluted shares increased to 44.6 million in Q3 2025 from 40.3 million in FY 2023[31]