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The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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State: 17.08.2024 | 11PM
Tue, 25.02.2025       Allot
IL0010996549

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;
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