Allot Ltd.
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Strong Double-Digit SECaaS Growth and Significant Improvement in Profitability
HOD HASHARON, Israel, Feb. 25, 2025 /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 fourth quarter and full year of 2024.
Financial Highlights for the Fourth Quarter
Revenues of $24.9 million increased 2% year over year and 7% sequentially, representing a return to revenue growth;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 49% year-over-year to $4.8 million;December 2024 SECaaS ARR* grew to $18.2 million, an increase of 43% year-over-year;Non-GAAP gross margin was 69.7%, a strong improvement versus gross margin of 51.7% in the fourth quarter of last year;Non-GAAP operating profit was $1.8 million, GAAP operating income was $0.3 million, versus operating losses last year;Generated strong positive operating cash flow in the quarter of $4.1 million;
Reports non-GAAP operating profit for the first time in three years
HOD 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 growth,;Non-GAAP gross margin was 71.7%;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 69% year-over-year to $4.7 million, in line with expectations; September 2024 SECaaS ARR* was $17.2 million;Non-GAAP operating profit was $1.1 million, GAAP operating loss was $0.2 million;Positive operating cash flow of $1.9 million;Net cash** increased by $2.0 million versus June 30, 2024.
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 Quarter
Revenues 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, increasing 54% year-over-year to $3.7 million;June 2024 SECaaS ARR* was $14.6 million;Operating loss improved significantly year over year: declining 84% to $3.4 million on a GAAP basis and 95% to $1 million on a non-GAAP basis;Operating cash flow was positive for the first time in three years, coming in at $1.2 million;Net cash** increased by $0.6 million during the quarter;
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