Allot(ALLT) - 2025 Q4 - Annual Report

Financial Performance - Total revenues for Q4 2025 were $28.4 million, a 14% increase year-over-year compared to $24.9 million in Q4 2024[6] - Full year 2025 revenues totaled $102.0 million, an 11% increase from $92.2 million in 2024[12] - Total revenues for FY 2025 reached $102.0 million, up from $92.2 million in FY 2024, representing an increase of approximately 10%[36] - SECaaS (Security as a Service) revenues for Q4 2025 were $8.1 million, accounting for 28% of total revenues, compared to 26% in FY 2024[36] - The Americas contributed $19.1 million to total revenues in FY 2025, representing 19% of the total, while EMEA accounted for 64% with $63.7 million[36] Profitability - GAAP operating profit for Q4 2025 was $2.6 million, compared to $0.3 million in Q4 2024[6] - Non-GAAP operating profit for Q4 2025 was $3.6 million, a 101% increase from $1.8 million in Q4 2024[6] - GAAP net income for Q4 2025 was $2.9 million, or $0.06 per diluted share, compared to $0.2 million, or $0.01 per diluted share, in Q4 2024[10] - Non-GAAP net income for the year ended December 31, 2025, was $10,931,000, up from $1,633,000 in 2024, indicating strong growth[28] - Net income for Q4 2025 was $2.902 million, a significant increase from a loss of $5.869 million in Q4 2024[34] - Non-GAAP net income per share (diluted) for the year ended December 31, 2025, was $0.23, compared to $0.04 in 2024, reflecting substantial improvement[28] Cash Flow and Liquidity - Operating cash flow for Q4 2025 was $8.1 million, a 99% increase year-over-year[6] - Cash provided by operating activities for Q4 2025 was $8.134 million, compared to $4.079 million in Q4 2024, indicating a 99% increase[34] - Total cash as of December 31, 2025, was $88 million, an increase of $29 million from $59 million at the end of 2024[15] - The company’s cash and cash equivalents at the end of Q4 2025 were $17.107 million, a decrease from $24.232 million at the beginning of the period[34] - Cash and cash equivalents as of December 31, 2025, were $17,107,000, an increase from $16,142,000 in 2024[32] Assets and Liabilities - Total current assets increased to $124,980,000 in Q4 2025 from $90,176,000 in Q4 2024, reflecting a growth of approximately 38%[32] - Total liabilities decreased to $59,349,000 in Q4 2025 from $89,832,000 in Q4 2024, indicating a reduction of about 34%[32] - The company has no debt as of December 31, 2025[15] Shareholder Information - The weighted average number of shares used in computing GAAP diluted net income per share increased to 48,528,584 in Q4 2025 from 39,379,254 in Q4 2024[28] - The number of basic shares increased to 48.5 million in FY 2025 from 44.1 million in FY 2024[36] - Deferred revenues increased to $6.422 million in FY 2025, up from $1.861 million in FY 2024[34] Future Outlook - The company expects revenue growth to accelerate to between $113 million and $117 million in 2026[7]