Allot Announces First Quarter 2024 Financial Results [Yahoo! Finance]
Allot Ltd. - Ordinary Shares (ALLT)
Last allot ltd. - ordinary shares earnings: 2/4 05:00 am
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US:NASDAQ Investor Relations:
investors.allot.com/investor-relations
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Source: Yahoo! Finance
and security solutions for service providers and enterprises worldwide, today announced its unaudited first quarter 2024 financial results. Financial Highlights for the First Quarter First quarter revenues were $21.9 million , up 4% year-over-year; First quarter gross margins improved year over year by 8.1% to 69.0% on a GAAP basis and by 4.7% to 70.4% on a non-GAAP basis; SECaaS revenues were $3.4 million for Q1 up 51% year-over-year and March 2024 SECaaS ARR* was $13.7 million Net loss improved and was reduced significantly year over year: on a GAAP basis, net loss reduced by 77.9% to $2.5 million and on a non-GAAP basis, net loss reduced by 88.8% to $0.9 million Financial Outlook For the full year 2024, management reiterates that it expects: Non-GAAP operating profit and net cash flow breakeven; Continued yearly double-digit growth of SECaaS revenues and ARR; Management Comment Eyal Harari , CEO of Allot commented, "We are pleased with the strong progress we h
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News
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- Allot Communications Ltd (NASDAQ: ALLT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
ALLT
Earnings
- 5/29/24 - Beat
ALLT
Sec Filings
- 6/21/24 - Form SC
- 5/29/24 - Form 6-K
- 5/29/24 - Form 6-K
- ALLT's page on the SEC website