Allot Announces Second Quarter 2024 Financial Results
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: PR Newswire
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 QuarterRevenues 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;Financial OutlookFor the second half of 2024, management expects non-GAAP operating profit at around breake
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ALLT
Earnings
- 11/19/24 - Beat
ALLT
Sec Filings
- 11/19/24 - Form 6-K
- 11/18/24 - Form SC
- 11/12/24 - Form 6-K
- ALLT's page on the SEC website