Core Viewpoint - Allot Ltd. is conducting a public offering of 5,000,000 ordinary shares priced at $8.00 per share, with an additional option for underwriters to purchase up to 750,000 shares [1][2]. Group 1: Offering Details - The gross proceeds from the offering are expected to be $40.0 million, assuming no exercise of the underwriters' option [2]. - The net proceeds will be used to repay $31.41 million of principal outstanding under the Lynrock Note and the remainder for general corporate purposes [2][3]. - The offering is expected to close on June 26, 2025, subject to customary closing conditions [1]. Group 2: Lynrock Note Conversion - Lynrock has agreed to convert the remaining $8.59 million of principal under the Lynrock Note into 1,249,995 ordinary shares [3]. - Following the repayment and conversion of the Lynrock Note, the company will have no outstanding indebtedness for borrowed money [3]. Group 3: Underwriters and Registration - TD Cowen and William Blair are acting as joint book-running managers, with Needham & Company as lead manager and Northland Capital Markets as co-manager for the offering [4]. - The public offering is made pursuant to an effective shelf registration statement filed with the SEC [5].

Core Viewpoint - Allot Ltd. announced a proposed public offering of its ordinary shares, with all shares being sold by the Company [1]. Group 1: Use of Proceeds - The net proceeds from the public offering are expected to be used to repay $31.41 million of principal outstanding under the Lynrock Note, which has a face value of $40 million, and the remaining balance will be allocated for general corporate purposes [2]. - Lynrock has agreed to convert the remaining $8.59 million of principal outstanding under the Lynrock Note into ordinary shares, and will enter into a lock-up agreement for 75 days following the final prospectus supplement [3]. Group 2: Offering Details - The Company plans to grant underwriters a 30-day option to purchase up to an additional 15% of the ordinary shares sold in the public offering at the public offering price, less underwriting discounts and commissions [4]. - The public offering is being made under an effective shelf registration statement on Form F-3 filed with the SEC, declared effective on April 3, 2025 [5]. Group 3: Company Overview - Allot Ltd. is recognized as a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide [7].

Core Viewpoint - Allot Ltd. reported solid financial results for Q1 2025, highlighting a 54% year-over-year increase in SECaaS Annual Recurring Revenue (ARR) and a positive outlook for continued growth in the cybersecurity sector [1][3]. Financial Highlights - Total revenues for Q1 2025 were $23.2 million, a 6% increase from $21.9 million in Q1 2024 [4][8]. - Gross profit on a GAAP basis was $16.0 million, with a gross margin of 69.3%, up from $15.1 million and a gross margin of 69% in the same quarter last year [4]. - Non-GAAP gross profit was $16.3 million, maintaining a gross margin of 70.4%, compared to $15.4 million in Q1 2024 [5]. - The operating loss on a GAAP basis was reduced to $0.7 million from $2.7 million in Q1 2024 [5][6]. - Net loss on a GAAP basis was $0.3 million, or $0.01 per share, an improvement from a net loss of $2.5 million, or $0.07 per share, in Q1 2024 [6]. SECaaS Performance - SECaaS revenues grew by 49% year-over-year to $5.1 million [8]. - The SECaaS ARR as of March 2025 reached $21.2 million, reflecting a 54% increase year-over-year [8][25]. - The company anticipates SECaaS revenue and ARR to achieve strong year-over-year increases of around 50% or more for the full year 2025 [3]. Cash Flow and Financial Position - Operating cash flow for the quarter was positive at $1.7 million [7]. - Cash and cash equivalents, along with short-term deposits, totaled $60.7 million as of March 31, 2025, an increase of $2 million from $58.8 million at the end of 2024 [9]. Customer and Market Insights - The company signed several multi-million dollar agreements with new customers for its Smart product and noted strong interest in its Tera III product from tier-1 customers [3]. - Verizon Business launched a new mobile plan that includes Allot's SECaaS service, indicating the growing importance of cybersecurity solutions in the telecommunications sector [3].