HOD HASHARON, Israel,
Aug. 2, 2016 /PRNewswire/
-- Allot Communications Ltd. (NASDAQ: ALLT; TASE: ALLT), a
leading global provider of security and monetization solutions that
enables service providers to protect and personalize the digital
experience, today announced its second quarter 2016 financial
results.
Q2 2016 – Highlights
- Revenues were $23M, up 6% year
over year.
- Non-GAAP gross margin was 73%, GAAP gross margin was 72%
- Non-GAAP operating income of $786K, GAAP operating loss of $939K;
- Company implemented an internal re-organization to better align
the company structure with its new strategy of increased focus on
security solutions and profitability;
- Book-to-bill was below one. Updated yearly revenue
guidance to $90-$94M;
Q2 2016 Financial results
On GAAP basis, total revenues for the second quarter of 2016
were $23.0 million compared to
$22.9 million of revenue reported for
the first quarter of 2016 and $21.6
million of revenue reported for the second quarter of 2015.
Net loss for the second quarter of 2016 was $1.2 million, or $0.04 per basic and diluted share. This compares
with a net loss of $4.3 million, or
$0.13 per basic and diluted share, in
the first quarter of 2016 and a net loss of $6.0 million, or $0.18 per basic and diluted share, in the second
quarter of 2015.
On a non-GAAP basis, total revenues for the second quarter of
2016 were $23.0 million compared to
$23.0 million of revenue reported for
the first quarter of 2016 and $21.6
million of revenue reported for the second quarter of 2015.
On a non-GAAP basis, net profit for the second quarter of 2016 was
$0.4 million, or $0.01 per basic and diluted share. This compares
with non-GAAP net loss of $1.8
million, or $0.06 per basic
and diluted share, in the first quarter of 2016 and non-GAAP net
loss of $3.0 million, or $0.09 per basic and diluted share, in the second
quarter of 2015.
Net cash and cash equivalents as of June
30, 2016 totaled $116.6
million. The Company recorded negative operating cash flow
of $1.2 million during the quarter.
During the second quarter of 2016, cash used for the repurchase of
our shares in the market totaled $2.3
million. In total, $3.5
million worth of shares have been repurchased out of a
program of $15 million.
Management Comment
Andrei Elefant, President
& CEO of Allot Communications, commented, "Early in July we
have implemented an internal re-organization encompassing the
entire company in order to better align our organizational and cost
structure to our strategy of increased focus on our security and
monetization solutions and on profitability. We have now
consolidated all our R&D efforts under one unit and have
focused our sales and marketing efforts in the more profitable
regions and products, in order to achieve increased profitability.
This move also brings with it significant cost reductions which
will support our profitability targets throughout this transition
period."
Continued Mr. Elefant, "In terms of Bookings, the second
quarter was weaker than expected, mainly due to lower sales in APAC
and the Americas. We had originally expected to receive substantial
orders this year from certain customers in APAC and we now believe
that these orders are more likely to be received next year. As a
result, our business so far in 2016 has been comprised of smaller
and more diversified orders. We, therefore, have lowered our budget
and expectations for the remainder of the year. Despite the lower
than expected level of revenues, thanks to our ongoing and
significant cost reductions, we have achieved profitability on a
non-GAAP basis and we expect further improvement in our operating
expenses level throughout the remainder of the year."
"On the positive side, we have seen a number of important
developments in the past few months which are strategically
significant," added Mr. Elefant. "We signed a strategic
partnership agreement with a leading security company, enabling
both companies to offer a unique SECaaS offering, which we believe
represents a significant opportunity for us over the coming years.
In addition, the progress and traction made so far this year in the
security segment is very encouraging, as existing customers are
continuously adding licenses. We have reached a Security as a
Service subscriber base of 15 million, up 50% in only 6 months.
"
2016 Outlook
Based on current backlog and the Company's funnel of
opportunities, the Company updated its 2016 guidance. Revenues are
expected in the range of $90-$94
million for the full year of 2016, both on a GAAP and
non-GAAP basis. The Company also expects to incur a one-time
restructuring cost of approximately $1M in the second half of 2016.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
second quarter 2016 earnings results today, August 2, 2016 at 8:30 AM
ET, 3:30 p.m. Israel time. To access the conference call,
please dial one of the following numbers:
US: +1-646-254-3366, UK: +44(0) 20-3427-0503, Israel: +972-3-721-9510, participant code
3542491.
A recording of the conference call will be available from
12:00PM ET on August 2nd, 2016 for 30 days. To access the
recording, please dial: +1-347-366-9565; UK: +44(0)20-3427-0598,
access code: 3542491.
A live webcast of the conference call can be accessed on the
Allot Communications website at: http://www.allot.com.
The webcast will also be archived on the website following the
conference call.
About Allot Communications
Allot Communications (NASDAQ: ALLT, TASE: ALLT) is a leading
provider of security and monetization solutions that enables
service providers to protect and personalize the digital
experience. Allot's flexible and highly scalable service delivery
framework leverages the intelligence in data networks, enabling
service providers to get closer to their customers, safeguard
network assets and users, and accelerate time-to-revenue for
value-added services. We employ innovative technology, proven
know-how and a collaborative approach to provide the right solution
for every network environment. Allot solutions are currently
deployed at 5 of the top 10 global mobile operators and in
thousands of CSP and enterprise networks worldwide. For more
information, please visit www.allot.com.
GAAP to Non-GAAP Reconciliation:
The difference between GAAP and non-GAAP revenues is related to
the acquisitions made by the Company and represents revenues
adjusted for the impact of the fair value adjustment to acquired
deferred revenue related to purchase accounting. Non-GAAP net
income is defined as GAAP net income after including deferred
revenues related to the fair value adjustment resulting from
purchase accounting and excluding stock-based compensation
expenses, amortization of acquisition-related intangible assets,
deferred tax asset adjustment and acquisition-related expenses.
These non-GAAP measures should be considered in addition to, and
not as a substitute for, comparable GAAP measures. The non-GAAP
results and a full reconciliation between GAAP and non-GAAP results
are provided in the accompanying Table 2. The Company provides
these non-GAAP financial measures because it believes they present
a better measure of the Company's core business and management uses
the non-GAAP measures internally to evaluate the Company's ongoing
performance. Accordingly, the Company believes they are useful to
investors in enhancing an understanding of the Company's operating
performance.
Safe Harbor Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of Company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements set forth in such forward-looking statements.
Important factors that could cause or contribute to such
differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
the timing of completion of key project milestones which impact the
timing of our revenue recognition; lower demand for key value-added
services; our ability to keep pace with advances in technology and
to add new features and value-added services; managing lengthy
sales cycles; operational risks associated with large projects; our
dependence on third party channel partners for a material portion
of our revenues; court approval of the Company's proposed share
buy-back program; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed
with the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise
Investor Relations
Contact:
|
Public Relations
Contact:
|
|
|
GK Investor
Relations
|
Sigalit
Orr
|
Ehud Helft/Gavriel
Frohwein
|
Director Corporate
Communications
|
+1-646-688-3559
|
International dialing
+972-54-268-1500
|
allot@gkir.com
|
sorr@allot.com
|
TABLE -
1
|
ALLOT COMMUNICATIONS
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF
OPERATIONS
|
(U.S. dollars in thousands, except share and per
share
data)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Revenues
|
$
22,958
|
|
$
21,592
|
|
$
45,896
|
|
$
51,124
|
Cost of
revenues
|
6,524
|
|
6,432
|
|
13,667
|
|
14,200
|
Gross
profit
|
16,434
|
|
15,160
|
|
32,229
|
|
36,924
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
Research and development costs,
net
|
5,957
|
|
6,691
|
|
12,818
|
|
13,500
|
Sales and
marketing
|
8,846
|
|
10,836
|
|
19,117
|
|
22,644
|
General and
administrative
|
2,570
|
|
3,375
|
|
5,267
|
|
6,626
|
Total operating
expenses
|
17,373
|
|
20,902
|
|
37,202
|
|
42,770
|
Operating
loss
|
(939)
|
|
(5,742)
|
|
(4,973)
|
|
(5,846)
|
Financial and other income (loss),
net
|
211
|
|
(111)
|
|
327
|
|
94
|
Loss before income tax
benefit
|
(728)
|
|
(5,853)
|
|
(4,646)
|
|
(5,752)
|
|
|
|
|
|
|
|
|
Tax
expenses
|
499
|
|
171
|
|
870
|
|
307
|
Net
loss
|
(1,227)
|
|
(6,024)
|
|
(5,516)
|
|
(6,059)
|
|
|
|
|
|
|
|
|
Basic net loss per
share
|
$
(0.04)
|
|
$
(0.18)
|
|
$
(0.17)
|
|
$
(0.18)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net loss per
share
|
$
(0.04)
|
|
$
(0.18)
|
|
$
(0.17)
|
|
$
(0.18)
|
|
|
|
|
|
|
|
|
Weighted average number of
shares
|
|
|
|
|
|
|
|
used in computing basic
net
|
|
|
|
|
|
|
|
earnings per
share
|
33,234,040
|
|
33,457,887
|
|
33,357,014
|
|
33,408,174
|
|
|
|
|
|
|
|
|
Weighted average number of
shares
|
|
|
|
|
|
|
|
used in computing diluted
net
|
|
|
|
|
|
|
|
earnings per
share
|
33,234,040
|
|
33,457,887
|
|
33,357,014
|
|
33,408,174
|
|
|
|
|
|
|
|
|
TABLE -
2
|
ALLOT COMMUNICATIONS
LTD.
|
AND ITS
SUBSIDIARIES
|
RECONCILIATION OF GAAP TO NON-GAAP
CONSOLIDATED STATEMENTS OF
OPERATIONS
|
(U.S. dollars in thousands, except per share
data)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
|
June
30,
|
|
June
30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
GAAP
Revenues
|
$
22,958
|
|
$
21,592
|
|
$
45,896
|
|
$
51,124
|
Fair value adjustment for acquired deferred revenues
write
down
|
36
|
|
11
|
|
101
|
|
22
|
Non-GAAP
Revenues
|
$
22,994
|
|
$
21,603
|
|
$
45,997
|
|
$
51,146
|
|
|
|
|
|
|
|
|
|
GAAP cost of
revenue
|
$
6,524
|
|
$
6,432
|
|
$
13,667
|
|
$
14,200
|
Share-based compensation
(1)
|
(104)
|
|
(83)
|
|
(173)
|
|
(165)
|
Amortization of intangible assets
(2)
|
(233)
|
|
(627)
|
|
(481)
|
|
(1,081)
|
Non-GAAP cost of
revenue
|
$
6,187
|
|
$
5,722
|
|
$
13,013
|
|
$
12,954
|
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
16,434
|
|
$
15,160
|
|
$
32,229
|
|
$
36,924
|
Gross profit
adjustments
|
373
|
|
721
|
|
755
|
|
1,268
|
Non-GAAP gross
profit
|
$
16,807
|
|
$
15,881
|
|
$
32,984
|
|
$
38,192
|
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
17,373
|
|
$
20,902
|
|
$
37,202
|
|
$
42,770
|
Share-based compensation
(1)
|
(1,220)
|
|
(1,842)
|
|
(2,806)
|
|
(3,627)
|
Amortization of intangible assets
(2)
|
(132)
|
|
(159)
|
|
(270)
|
|
(216)
|
Expenses related to M&A activities
(3)
|
-
|
|
-
|
|
-
|
|
(577)
|
Non-GAAP operating
expenses
|
$
16,021
|
|
$
18,901
|
|
$
34,126
|
|
$
38,350
|
|
|
|
|
|
|
|
|
|
GAAP financial and other
income
|
$
211
|
|
$
(111)
|
|
$
327
|
|
$
94
|
Expenses related to M&A activities
(3)
|
(135)
|
|
264
|
|
143
|
|
264
|
Non-GAAP Financial and other
income
|
$
76
|
|
$
153
|
|
$
470
|
|
$
358
|
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
499
|
|
$
171
|
|
$
870
|
|
$
307
|
Tax benefit (in respect of net deferred tax asset
recorded)
|
(69)
|
|
-
|
|
(131)
|
|
-
|
Non-GAAP taxes on
income
|
$
430
|
|
$
171
|
|
$
739
|
|
$
307
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(1,227)
|
|
$
(6,024)
|
|
$
(5,516)
|
|
$
(6,059)
|
Share-based compensation
(1)
|
1,324
|
|
1,925
|
|
2,979
|
|
3,792
|
Amortization of intangible assets
(2)
|
365
|
|
786
|
|
751
|
|
1,297
|
Expenses related to M&A activities
(3)
|
(135)
|
|
264
|
|
143
|
|
841
|
Fair value adjustment for acquired deferred revenues
write
down
|
36
|
|
11
|
|
101
|
|
22
|
Tax benefit (in respect of net deferred tax asset
recorded)
|
69
|
|
-
|
|
131
|
|
-
|
Non-GAAP Net income
(Loss)
|
$
432
|
|
$
(3,038)
|
|
$
(1,411)
|
|
$
(107)
|
|
|
|
|
|
|
|
|
|
GAAP Loss per share
(diluted)
|
$
(0.04)
|
|
$
(0.18)
|
|
$
(0.17)
|
|
$
(0.18)
|
Share-based
compensation
|
0.04
|
|
0.06
|
|
0.09
|
|
0.11
|
Amortization of intangible
assets
|
0.01
|
|
0.02
|
|
0.02
|
|
0.04
|
Expenses related to M&A
activities
|
0.00
|
|
0.01
|
|
0.01
|
|
0.03
|
Fair value adjustment for acquired deferred revenues
write
down
|
0.00
|
|
0.00
|
|
0.00
|
|
0.00
|
Tax benefit (in respect of net deferred tax asset
recorded)
|
0.00
|
|
-
|
|
0.01
|
|
-
|
Non-GAAP Net income (Loss) per share
(diluted)
|
$
0.01
|
|
$
(0.09)
|
|
$
(0.04)
|
|
$
(0.00)
|
|
|
|
|
|
|
|
|
|
Weighted average number of
shares
|
|
|
|
|
|
|
|
used in computing GAAP diluted
net
|
|
|
|
|
|
|
|
earnings per
share
|
33,234,040
|
|
33,457,887
|
|
33,357,014
|
|
33,408,174
|
|
|
|
|
|
|
|
|
|
Weighted average number of
shares
|
|
|
|
|
|
|
|
used in computing non-GAAP diluted
net
|
|
|
|
|
|
|
|
earnings per
share
|
33,736,414
|
|
33,457,887
|
|
33,357,014
|
|
33,408,174
|
|
|
|
|
|
|
|
|
|
TABLE - 2
cont.
|
ALLOT COMMUNICATIONS
LTD.
|
AND ITS
SUBSIDIARIES
|
RECONCILIATION OF GAAP TO NON-GAAP
CONSOLIDATED STATEMENTS OF
OPERATIONS
|
(U.S. dollars in thousands, except per share
data)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
|
June
30,
|
|
June
30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
104
|
|
$
83
|
|
$
173
|
|
$
165
|
|
Research and development costs,
net
|
280
|
|
425
|
|
706
|
|
845
|
|
Sales and
marketing
|
467
|
|
739
|
|
1,089
|
|
1,491
|
|
General and
administrative
|
473
|
|
678
|
|
1,011
|
|
1,291
|
|
|
$
1,324
|
|
$
1,925
|
|
$
2,979
|
|
$
3,792
|
|
|
|
|
|
|
|
|
|
(2) Amortization of intangible
assets
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
233
|
|
$
627
|
|
$
481
|
|
$
1,081
|
|
Sales and
marketing
|
132
|
|
159
|
|
270
|
|
216
|
|
|
$
365
|
|
$
786
|
|
$
751
|
|
$
1,297
|
|
|
|
|
|
|
|
|
|
(3) Expenses related to M&A
activities
|
|
|
|
|
|
|
|
|
General and
administrative
|
$
-
|
|
$
-
|
|
$
-
|
|
$
351
|
|
Research and development costs,
net
|
-
|
|
-
|
|
-
|
|
45
|
|
Sales and
marketing
|
-
|
|
-
|
|
-
|
|
181
|
|
Financial
expenses
|
(135)
|
|
264
|
|
143
|
|
264
|
|
|
$
(135)
|
|
$
264
|
|
$
143
|
|
$
841
|
|
|
|
|
|
|
|
|
|
TABLE -
3
|
ALLOT COMMUNICATIONS
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED BALANCE
SHEETS
|
(U.S. dollars in
thousands)
|
|
|
June
30,
|
|
December
31,
|
|
|
2016
|
|
2015
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
Cash and cash
equivalents
|
|
$
20,145
|
|
$
15,470
|
Short term
deposits
|
|
32,967
|
|
42,700
|
Restricted
cash
|
|
203
|
|
203
|
Marketable
securities
|
|
63,281
|
|
64,921
|
Trade receivables,
net
|
|
23,332
|
|
23,874
|
Other receivables and prepaid
expenses
|
|
4,320
|
|
4,513
|
Inventories
|
|
10,308
|
|
10,169
|
Total current
assets
|
|
154,556
|
|
161,850
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
Severance pay
fund
|
|
258
|
|
282
|
Deferred
taxes
|
|
378
|
|
501
|
Other
assets
|
|
2,338
|
|
2,712
|
Total long-term
assets
|
|
2,974
|
|
3,495
|
|
|
|
|
|
PROPERTY AND EQUIPMENT,
NET
|
|
4,710
|
|
5,189
|
GOODWILL AND INTANGIBLE ASSETS,
NET
|
|
36,930
|
|
37,681
|
|
|
|
|
|
Total
assets
|
|
$
199,170
|
|
$
208,215
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS'
EQUITY
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
Trade
payables
|
|
$
4,202
|
|
$
7,107
|
Deferred
revenues
|
|
14,078
|
|
14,066
|
Other payables and accrued
expenses
|
|
12,695
|
|
13,921
|
Total current
liabilities
|
|
30,975
|
|
35,094
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Deferred
revenues
|
|
4,836
|
|
4,912
|
Accrued severance
pay
|
|
654
|
|
651
|
Other long term
liabilities
|
|
4,262
|
|
4,153
|
Total long-term
liabilities
|
|
9,752
|
|
9,716
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
158,443
|
|
163,405
|
|
|
|
|
|
Total liabilities and shareholders'
equity
|
|
$
199,170
|
|
$
208,215
|
|
|
|
|
|
TABLE -
4
|
ALLOT COMMUNICATIONS
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED STATEMENTS OF CASH
FLOWS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
|
2016
|
2015
|
|
2016
|
2015
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
Cash flows from operating
activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss
|
$
(1,227)
|
$
(6,024)
|
|
$
(5,516)
|
$
(6,059)
|
Adjustments to reconcile net income to net cash
provided by operating
activities:
|
|
|
|
|
|
Depreciation
|
596
|
634
|
|
1,195
|
1,397
|
Stock-based compensation related to options granted
to
employees
|
1,324
|
1,925
|
|
2,979
|
3,792
|
Amortization of intangible
assets
|
365
|
786
|
|
751
|
1,234
|
Capital
loss
|
21
|
11
|
|
20
|
15
|
Decrease in accrued severance pay,
net
|
9
|
41
|
|
27
|
53
|
Decrease (Increase) in other
assets
|
483
|
(188)
|
|
374
|
(366)
|
Decease in accrued interest and amortization of
premium on marketable
securities
|
402
|
173
|
|
740
|
473
|
Increase (Decrease) in trade
receivables
|
261
|
(2,300)
|
|
542
|
(2,125)
|
Decrease (Increase) in other receivables and prepaid
expenses
|
(92)
|
1,378
|
|
242
|
(1,313)
|
Decrease (Increase) in
inventories
|
(513)
|
(23)
|
|
(139)
|
1,765
|
Decrease (Increase) in long-term deferred taxes,
net
|
61
|
(236)
|
|
123
|
(140)
|
Increase (Decrease) in trade
payables
|
(3,060)
|
1,661
|
|
(2,905)
|
1,237
|
Increase (Decrease) in employees and payroll
accruals
|
(12)
|
257
|
|
(597)
|
(169)
|
Increase (Decrease) in deferred
revenues
|
1,163
|
283
|
|
(64)
|
383
|
Decrease in other payables and accrued
expenses
|
(1,004)
|
(727)
|
|
(404)
|
(435)
|
|
|
|
|
|
|
Net cash used in operating
activities
|
(1,223)
|
(2,349)
|
|
(2,632)
|
(258)
|
|
|
|
|
|
|
Cash flows from investing
activities:
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of short-term
deposits
|
-
|
25,500
|
|
-
|
38,000
|
Investment in short-term
deposit
|
(267)
|
-
|
|
9,733
|
-
|
Purchase of property and
equipment
|
(409)
|
(418)
|
|
(736)
|
(1,084)
|
Investment in marketable
securities
|
(8,200)
|
(11,548)
|
|
(16,980)
|
(18,275)
|
Proceeds from redemption or sale of marketable
securities
|
7,690
|
6,079
|
|
18,590
|
11,607
|
Acquisitions
|
-
|
-
|
|
-
|
(10,052)
|
|
|
|
|
|
|
Net cash provided by (used in) investing
activities
|
(1,186)
|
19,613
|
|
10,607
|
20,196
|
|
|
|
|
|
|
Cash flows from financing
activities:
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee stock
options
|
15
|
24
|
|
26
|
100
|
Purchase of treasury
stocks
|
(2,279)
|
-
|
|
(3,326)
|
-
|
|
|
|
|
|
|
Net cash provided by (used in) financing
activities
|
(2,264)
|
24
|
|
(3,300)
|
100
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and cash
equivalents
|
(4,673)
|
17,288
|
|
4,675
|
20,038
|
Cash and cash equivalents at the beginning of the
period
|
24,818
|
21,930
|
|
15,470
|
19,180
|
|
|
|
|
|
|
Cash and cash equivalents at the end of the
period
|
$
20,145
|
$
39,218
|
|
$
20,145
|
$
39,218
|
|
|
|
|
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/allot-communications-announces-second-quarter-2016-financial-results-300307480.html
SOURCE Allot Communications Ltd.