Allot Ltd

NASDAQ:ALLTUnited States

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• -- Earnings Flash (ALLT) ALLOT Posts Q1 Revenue $21.9M, vs. Street Est of $20M, from 5 hours ago by MT Newswires

  5 hours ago by MT Newswires
  Companies Mentioned: ALLT
  05:03 AM EDT, 05/29/2024 (MT Newswires) -- ...

• Allot Announces First Quarter 2024 Financial Results, from 5 hours ago by PR Newswire

  5 hours ago by PR Newswire
  Companies Mentioned: ALLT

  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 first quarter 2024 financial results.

• Allot Announces First Quarter 2024 Financial Results, from 5 hours ago by Dow Jones

  5 hours ago by Dow Jones
  Companies Mentioned: ALLT
  liabilities 35,446 39,408 --------------------------- ------------------------ LONG-TERM LIABILITIES: Deferred revenues 8,531 7,437 Long-term operating lease liabilities 202 702 Accrued severance pay 1,016 1,080 Convertible debt 39,823 39,773 Total long-term liabilities 49,572 48,992 --------------------------- ------------------------ SHAREHOLDERS' EQUITY 48,245 49,763 --------------------------- ------------------------ Total liabilities and shareholders' equity $ 133,263 $ 138,163 =========================== ======================== TABLE - 4 ALLOT LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Three Months Ended March 31, ----------------------------- 2024 2023 --------------- ------------ (Unaudited) ----------------------------- Cash flows from operating activities: Net Loss $ (2,510) $ (11,362) Adjustments to reconcile net income to net cash used in operating activities: ------------------------------------------- Depreciation 1,215 1,320 Stock-based compensation 1,360 3,468 Amortization of intangible assets 152 276 Increase (Decrease) in accrued severance pay, net (58) 60 Decrease in other assets, other receivables and prepaid expenses 717 499 Decrease (Increase) in accrued interest and amortization of premium/discount on marketable securities (372) 19 Decrease in operating leases liability (459) (1,105) Decrease in operating lease right-of-use asset 552 722 Decrease (Increase) in trade receivables (191) 4,486 Decrease (Increase) in inventories 167 (3,453) Increase (Decrease) in trade payables (262) 739 Decrease in employees and payroll accruals (3,486) (1,452) Increase (Decrease) in deferred revenues 1,370 (2,169) Decrease in other payables, accrued expenses and other long term liabilities (554) (901) Amortization of issuance costs of Convertible debt 50 49 Net cash used in operating activities (2,309) (8,804) --------------- ------------ Cash flows from investing activities: Decrease in restricted deposit 704 - Investment in short-term bank deposits - (15,900) Withdrawal of short-term bank deposits 10,000 32,900 Purchase of property and equipment (429) (270) Investment in marketable securities (24,275) (8,983) Proceeds from redemption or sale of marketable securities 24,835 3,370 Net cash provided by investing activities 10,835 11,117 --------------- ------------ Cash flows from financing activities: Proceeds from exercise of stock options - - Issuance of convertible debt - - Net cash provided by financing activities - - --------------- ------------ Increase in cash and cash equivalents 8,526 2,313 Cash and cash equivalents at the beginning of the period 14,192 12,295 Cash and cash equivalents at the end of the period $ 22,718 $ 14,608 =============== ============ Other financial metrics (Unaudited) ------------------------- U.S. dollars in millions, except number of full time employees, top 10 customers as a % of revenues and number of shares Q1-2024 FY 2023 FY 2022 -------- ------- ------- Revenues geographic breakdown ------------------------- Americas 4.3 20 % 16.6 18 % 21.8 18 % EMEA 12.5 57 % 56.1 60 % 71.2 58 % Asia Pacific 5.1 23 % 20.5 22 % 29.7 24 % -------- ------ ------- ----- ------- ----- 21.9 100 % 93.2 100 % 122.7 100 % Revenue breakdown by type ------------------------- Products 7.4 34 % 37.6 40 % 61.1 50 % Professional Services 3.0 14 % 6.1 7 % 11.6 9 % SECaaS (Security as a Service) 3.4 16 % 10.6 11 % 7.2 6 % Support & Maintenance 8.1 36 % 38.9 42 % 42.8 35 % -------- ------ ------- ----- ------- ----- 21.9 100 % 93.2 100 % 122.7 100 % Revenues per customer type ------------------------- CSP 17.3 79 % 75.1 81 % 98.3 80 % Enterprise 4.6 21 % 18.1 19 % 24.4 20 % -------- ------ ------- ----- ------- ----- 21.9 100 % 93.2 100 % 122.7 100 % Top 10 customers as a % of revenues 47 % 47 % 44 % Total number of full time employees 505 559 749 (end of period) 38.4 37.9 37.0 Non-GAAP Weighted average number of basic shares (in millions) Non-GAAP weighted average number of fully diluted shares (in millions) 42.1 40.3 39.5 SECaaS (Security as a Service) revenues- U.S. dollars in millions (Unaudited) ------------------------------------------- Q1-2024: 3.4 Q4-2023: 3.2 Q3-2023: 2.8 Q2-2023: 2.4 Q1-2023: 2.3 SECaaS ARR* (annualized recurring revenues)- U.S. dollars in millions (Unaudited) ---------------------------------------------------- Mar. 2024: 13.7 Dec. 2023: 12.7 Dec. 2022: 9.2 Dec. 2021: 5.2 *ARR: annualized recurring SECaaS revenues, calculated based on the monthly revenues multiplied by 12 ----------------------------------------------------------- ------- -----
  

• Press Release: Allot Announces First Quarter 2024 Financial Results, from 5 hours ago by Dow Jones

  5 hours ago by Dow Jones
  Companies Mentioned: ALLT

• Allot Names Liat Nahum as Chief Financial Officer, from 6 hours ago by MT Newswires

  6 hours ago by MT Newswires
  Companies Mentioned: ALLT, DOX
  04:41 AM EDT, 05/29/2024 (MT Newswires) -- Allot (ALLT) said Wednesday that Liat Nahum was named as its chief financial officer effective July 1. The company said Nahum most recently served as finance director at Amdocs (DOX). Price: 2.3300, Change:...