HOD HASHARON, Israel,
Aug. 10, 2021 /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 results for the second quarter of 2021,
ended June 30, 2021.
Second Quarter 2021 Highlights
- Revenue growth of 8% YoY to $35.3
million
- Operating loss and net loss reduced by almost 40% YoY
- Cash and investments increased to $105.6
million
- 5G Netprotect product gaining momentum with another win with a
Tier-1 in APAC
- Signed additional SECaas contracts with multiple operators in
APAC, EMEA and Latam
- Signed a SECaas deal with a Tier-1 Communications Group with
operating units in the EU and North
America
Financial Outlook
- Management continues to expect:
- 2021 revenues to grow to between $145-150 million;
- Recurring security deals to be closed in 2021 with an
MAR* of at least $180
million;
- Recurring security revenues in 2021 of around $5 million and approximately $25 million in 2022;
Management Comment
Erez Antebi, President & CEO
of Allot, commented: "We are very pleased with our performance in
the second quarter and are confident we are on our way to achieve
the goals we set for 2021. The revolution of shifting
cybersecurity responsibility from the individual to the CSP is
growing worldwide and gaining momentum. This is evidenced by
growth in several directions: In the number of CSPs that are
engaging with us; in the number of operators that contract with
us; and in the number of consumers signing up for
cybersecurity protection once the operator launches the
service. I am very proud that Allot is the technology company
leading this revolution."
Q2 2021 Financial Results Summary
Total revenues for the second quarter of 2021 were
$35.3 million, an increase of 8%
compared to $32.8 million in the
second quarter of 2020.
Gross profit on a GAAP basis for the second quarter of
2021 was $24.5 million (gross margin
of 69%), compared with $23.0 million
(gross margin of 70%) in the second quarter of 2020.
Gross profit on a non-GAAP basis for the second quarter
of 2021 was $24.8 million (gross
margin of 70.2%), compared with $23.2
million (gross margin of 70.7%) in the second quarter of
2020.
Net loss on a GAAP basis for the second quarter of 2021
was $4.0 million, or $0.11 loss per basic share, compared with a net
loss of $3.6 million, or $0.10 loss per basic share, in the second quarter
of 2020.
Net loss on a non-GAAP basis for the second quarter of
2021 was $1.5 million, or
$0.04 loss per basic share compared
with a non-GAAP net loss of $2.4
million, or $0.07 loss per
basic share, in the second quarter of 2020.
Cash and investments as of June
30, 2021 totaled $105.6
million, compared with $99.4
million, as of December 31,
2020.
Conference Call & Webcast
The Allot management team will host a conference call to discuss
the second quarter results today, August 10,
2021 at 8:30 am ET,
3:30 pm Israel time.
To access the conference call, please dial one of the following
numbers:
US: 1-888-668-5032, Israel:
+972-3-918-0609, UK: 0 800 917 5108
A live webcast and, following the end of the call, an archive of
the conference call, will be accessible on the Allot website at:
http://investors.allot.com/index.cfm
About Allot
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers and enterprises worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot's multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry-leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 20 million
subscribers globally.
Allot. See. Control. Secure.
For more information, visit www.allot.com
*MAR (maximum annual revenue potential of concluded
transactions) was estimated by Allot upon transaction signature and
constitutes an approximation of the theoretical annual revenues
Allot would receive if 100% of the customer's subscribers, as
estimated by Allot, signed up for the service.
GAAP to Non-GAAP Reconciliation
Non-GAAP net income is defined as GAAP net income after
excluding stock-based compensation expenses, amortization of
acquisition-related intangible assets, deferred tax asset
adjustment, exchange rate differences related to revaluation of
assets and liabilities denominated in non-dollar currencies and
other 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
is 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 fourth 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:
GK Investor
Relations
Ehud Helft
+1 646 201
9246
allot@gkir.com
|
Public Relations
Contact:
Seth Greenberg, Allot
Ltd.
+972 54 922 2294
sgreenberg@allot.com
|
|
TABLE -
1
|
|
|
ALLOT
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,
|
|
|
2021
|
|
2020
|
|
|
2021
|
|
2020
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
35,288
|
|
$
32,790
|
|
|
$
66,471
|
|
$
62,079
|
|
|
Cost of
revenues
|
10,822
|
|
9,838
|
|
|
20,413
|
|
17,448
|
|
|
Gross
profit
|
24,466
|
|
22,952
|
|
|
46,058
|
|
44,631
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
11,373
|
|
10,396
|
|
|
21,940
|
|
19,095
|
|
|
Sales and
marketing
|
12,818
|
|
11,780
|
|
|
24,411
|
|
23,302
|
|
|
General and
administrative
|
4,080
|
|
4,554
|
|
|
7,280
|
|
7,595
|
|
|
Total operating
expenses
|
28,271
|
|
26,730
|
|
|
53,631
|
|
49,992
|
|
|
Operating
loss
|
(3,805)
|
|
(3,778)
|
|
|
(7,573)
|
|
(5,361)
|
|
|
Financial and other
income, net
|
194
|
|
717
|
|
|
309
|
|
868
|
|
|
Loss before income
tax expenses
|
(3,611)
|
|
(3,061)
|
|
|
(7,264)
|
|
(4,493)
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
368
|
|
553
|
|
|
673
|
|
781
|
|
|
Net Loss
|
(3,979)
|
|
(3,614)
|
|
|
(7,937)
|
|
(5,274)
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.11)
|
|
$
(0.10)
|
|
|
$
(0.22)
|
|
$
(0.15)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.11)
|
|
$
(0.10)
|
|
|
$
(0.22)
|
|
$
(0.15)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
|
|
computing basic net
loss per share
|
35,941,378
|
|
34,917,617
|
|
|
35,739,556
|
|
34,771,624
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
|
|
computing diluted net
loss per share
|
35,941,378
|
|
34,917,617
|
|
|
35,739,556
|
|
34,771,624
|
|
|
TABLE -
2
|
|
|
ALLOT
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,
|
|
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
GAAP cost of
revenues
|
$
10,822
|
|
$
9,838
|
|
$
20,413
|
|
$
17,448
|
|
|
Share-based
compensation (1)
|
(164)
|
|
(86)
|
|
(283)
|
|
(153)
|
|
|
Amortization of
intangible assets (2)
|
(152)
|
|
(152)
|
|
(304)
|
|
(304)
|
|
|
Non-GAAP cost of
revenues
|
$
10,506
|
|
$
9,600
|
|
$
19,826
|
|
$
16,991
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
24,466
|
|
$
22,952
|
|
$
46,058
|
|
$
44,631
|
|
|
Gross profit
adjustments
|
316
|
|
238
|
|
587
|
|
457
|
|
|
Non-GAAP gross
profit
|
$
24,782
|
|
$
23,190
|
|
$
46,645
|
|
$
45,088
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
28,271
|
|
$
26,730
|
|
$
53,631
|
|
$
49,992
|
|
|
Share-based
compensation (1)
|
(2,097)
|
|
(1,146)
|
|
(3,422)
|
|
(2,003)
|
|
|
Income related
to M&A activities (3)
|
-
|
|
(137)
|
|
-
|
|
(34)
|
|
|
Non-GAAP
operating expenses
|
$
26,174
|
|
$
25,447
|
|
$
50,209
|
|
$
47,955
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP financial
and other income
|
$
194
|
|
$
717
|
|
$
309
|
|
$
868
|
|
|
Exchange rate
differences*
|
14
|
|
(316)
|
|
90
|
|
(98)
|
|
|
Non-GAAP
Financial and other income
|
$
208
|
|
$
401
|
|
$
399
|
|
$
770
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
368
|
|
$
553
|
|
$
673
|
|
$
781
|
|
|
Tax expenses in
respect of net deferred tax asset recorded
|
(102)
|
|
(15)
|
|
(169)
|
|
(75)
|
|
|
Non-GAAP taxes
on income
|
$
266
|
|
$
538
|
|
$
504
|
|
$
706
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(3,979)
|
|
$
(3,614)
|
|
$
(7,937)
|
|
$
(5,274)
|
|
|
Share-based
compensation (1)
|
2,261
|
|
1,232
|
|
3,705
|
|
2,156
|
|
|
Amortization of
intangible assets (2)
|
152
|
|
152
|
|
304
|
|
304
|
|
|
Income related
to M&A activities (3)
|
-
|
|
137
|
|
-
|
|
34
|
|
|
Exchange rate
differences*
|
14
|
|
(316)
|
|
90
|
|
(98)
|
|
|
Tax expenses in
respect of net deferred tax asset recorded
|
102
|
|
15
|
|
169
|
|
75
|
|
|
Non-GAAP Net
loss
|
$
(1,450)
|
|
$
(2,394)
|
|
$
(3,669)
|
|
$
(2,803)
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.11)
|
|
$
(0.10)
|
|
$
(0.22)
|
|
$
(0.15)
|
|
|
Share-based
compensation
|
0.06
|
|
0.04
|
|
0.10
|
|
0.06
|
|
|
Amortization of
intangible assets
|
0.01
|
|
0.00
|
|
0.02
|
|
0.01
|
|
|
Income related
to M&A activities
|
0.00
|
|
(0.00)
|
|
-
|
|
-
|
|
|
Exchange rate
differences*
|
0.00
|
|
(0.01)
|
|
-
|
|
0.00
|
|
|
Tax expense in
respect of net deferred tax asset recorded
|
0.00
|
|
0.00
|
|
-
|
|
0.00
|
|
|
Non-GAAP Net
loss per share (diluted)
|
$
(0.04)
|
|
$
(0.07)
|
|
$
(0.10)
|
|
$
(0.08)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
|
computing GAAP
diluted net loss per share
|
35,941,378
|
|
34,917,617
|
|
35,739,556
|
|
34,771,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
|
computing non-GAAP
diluted net loss per share
|
35,941,378
|
|
34,917,617
|
|
35,739,556
|
|
34,771,624
|
|
|
|
|
|
|
|
|
|
|
|
|
* Financial income or
expenses related to exchange rate differences in connection with
revaluation of assets and liabilities in non-dollar denominated
currencies.
|
|
|
TABLE - 2
cont.
|
|
|
ALLOT
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,
|
|
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
164
|
|
$
86
|
|
$
283
|
|
$
153
|
|
|
Research and
development costs, net
|
699
|
|
361
|
|
1,094
|
|
603
|
|
|
Sales and
marketing
|
930
|
|
533
|
|
1,512
|
|
911
|
|
|
General and
administrative
|
468
|
|
252
|
|
816
|
|
489
|
|
|
|
$
2,261
|
|
$
1,232
|
|
$
3,705
|
|
$
2,156
|
|
|
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
152
|
|
$
152
|
|
$
304
|
|
$
304
|
|
|
|
$
152
|
|
$
152
|
|
$
304
|
|
$
304
|
|
|
|
|
|
|
|
|
|
|
|
|
(3) Income
related to M&A activities
|
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
$
-
|
|
$
137
|
|
-
|
|
34
|
|
|
|
$
-
|
|
$
137
|
|
$
-
|
|
$
34
|
|
|
TABLE -
3
|
|
|
ALLOT
LTD.
|
|
|
AND ITS
SUBSIDIARIES
|
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June
30,
|
|
December
31,
|
|
|
|
2021
|
|
2020
|
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
10,606
|
|
$
23,599
|
|
|
Short-term bank
deposits
|
|
71,425
|
|
47,225
|
|
|
Restricted
deposits
|
|
4,074
|
|
1,200
|
|
|
Available-for-sale
marketable securities
|
|
19,308
|
|
27,178
|
|
|
Trade receivables,
net
|
|
30,941
|
|
20,685
|
|
|
Other receivables and
prepaid expenses
|
|
8,862
|
|
14,205
|
|
|
Inventories
|
|
9,297
|
|
12,586
|
|
|
Total current
assets
|
|
154,513
|
|
146,678
|
|
|
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
|
|
Long-term bank
deposits
|
|
215
|
|
215
|
|
|
Severance pay
fund
|
|
469
|
|
434
|
|
|
Operating lease
right-of-use assets
|
|
2,974
|
|
4,458
|
|
|
Deferred
taxes
|
|
246
|
|
420
|
|
|
Other
assets
|
|
1,603
|
|
2,975
|
|
|
Total long-term
assets
|
|
5,507
|
|
8,502
|
|
|
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
13,394
|
|
11,993
|
|
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
35,608
|
|
34,427
|
|
|
|
|
|
|
|
|
Total
assets
|
|
$
209,022
|
|
$
201,600
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
|
Trade
payables
|
|
$
1,556
|
|
$
2,092
|
|
|
Deferred
revenues
|
|
32,852
|
|
26,658
|
|
|
Short-term operating
lease liabilities
|
|
1,573
|
|
2,813
|
|
|
Other payables and
accrued expenses
|
|
23,569
|
|
27,299
|
|
|
Total current
liabilities
|
|
59,550
|
|
58,862
|
|
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
|
|
Deferred
revenues
|
|
20,200
|
|
9,782
|
|
|
Long-term operating
lease liabilities
|
|
880
|
|
1,835
|
|
|
Accrued severance
pay
|
|
944
|
|
969
|
|
|
Total long-term
liabilities
|
|
22,024
|
|
12,586
|
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
127,448
|
|
130,152
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
209,022
|
|
$
201,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE -
4
|
|
|
ALLOT
LTD.
|
|
|
AND ITS
SUBSIDIARIES
|
|
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
|
(U.S. dollars in
thousands)
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
|
June
30,
|
|
June
30,
|
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
$
(3,979)
|
|
$
(3,614)
|
|
$
(7,937)
|
|
$
(5,274)
|
|
|
Adjustments to
reconcile net income to net cash provided by (used in) operating
activities:
|
|
|
|
|
|
|
|
|
Depreciation
|
1,141
|
|
897
|
|
2,229
|
|
1,685
|
|
|
Stock-based
compensation
|
2,261
|
|
1,232
|
|
3,705
|
|
2,156
|
|
|
Amortization of
intangible assets
|
234
|
|
152
|
|
471
|
|
304
|
|
|
Increase (Decrease)
in accrued severance pay, net
|
12
|
|
(1)
|
|
(60)
|
|
-
|
|
|
Decrease (Increase)
in other assets
|
(458)
|
|
(1)
|
|
1,041
|
|
159
|
|
|
Decrease in accrued
interest and amortization of premium on marketable
securities
|
32
|
|
57
|
|
107
|
|
228
|
|
|
Changes in operating
leases, net
|
(479)
|
|
544
|
|
(711)
|
|
(167)
|
|
|
Decrease (Increase)
in trade receivables
|
(3,113)
|
|
1,616
|
|
(10,256)
|
|
7,484
|
|
|
Decrease (Increase)
in other receivables and prepaid expenses
|
3,094
|
|
(518)
|
|
3,522
|
|
(919)
|
|
|
Decrease
(Increase) in inventories
|
4,246
|
|
(2,113)
|
|
3,289
|
|
(6,598)
|
|
|
Decrease in long-term
deferred taxes, net
|
103
|
|
20
|
|
175
|
|
104
|
|
|
Increase (Decrease)
in trade payables
|
334
|
|
(6,468)
|
|
(536)
|
|
(4,200)
|
|
|
Increase (Decrease)
in employees and payroll accruals
|
1,286
|
|
1,024
|
|
(623)
|
|
(301)
|
|
|
Increase (Decrease)
in deferred revenues
|
1,640
|
|
4,169
|
|
16,612
|
|
(1,457)
|
|
|
Increase (Decrease)
in other payables, accrued expenses and other long term
liabilities
|
(2,761)
|
|
2,235
|
|
(3,364)
|
|
517
|
|
|
Net cash provided by
(used in) operating activities
|
3,593
|
|
(769)
|
|
7,664
|
|
(6,279)
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
|
Decrease (Increase)
in restricted deposit
|
(2,440)
|
|
9,002
|
|
(2,874)
|
|
10,502
|
|
|
Redemption of
(Investment in) short-term deposits
|
100
|
|
(14,200)
|
|
(24,200)
|
|
(9,443)
|
|
|
Purchase of property
and equipment
|
(1,934)
|
|
(2,345)
|
|
(3,629)
|
|
(3,696)
|
|
|
Investment in
available-for sale marketable securities
|
-
|
|
-
|
|
-
|
|
(375)
|
|
|
Proceeds from sales
and maturity of available-for sale marketable securities
|
3,231
|
|
8,523
|
|
7,579
|
|
21,446
|
|
|
Net cash provided by
(used in) investing activities
|
(1,043)
|
|
980
|
|
(23,124)
|
|
18,434
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from
exercise of stock options
|
908
|
|
837
|
|
2,467
|
|
1,457
|
|
|
Net cash provided by
financing activities
|
908
|
|
837
|
|
2,467
|
|
1,457
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease)
in cash and cash equivalents
|
3,458
|
|
1,048
|
|
(12,993)
|
|
13,612
|
|
|
Cash and cash
equivalents at the beginning of the period
|
7,148
|
|
29,494
|
|
23,599
|
|
16,930
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
10,606
|
|
$
30,542
|
|
$
10,606
|
|
$
30,542
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial
metrics (Unaudited)
|
|
|
|
|
|
|
|
|
U.S. dollars in
millions, except number of full time employees, % of top-
10 end-customers out of revenues and number of shares
|
|
|
|
|
|
Q2-2021
|
|
YTD
2021
|
|
FY
2020
|
|
|
|
Revenues
geographic breakdown
|
|
|
|
|
|
|
|
|
Americas
|
|
2.5
|
7%
|
7.7
|
12%
|
8.1
|
6%
|
|
|
EMEA
|
|
21.8
|
62%
|
41.9
|
63%
|
104.3
|
77%
|
|
|
Asia
Pacific
|
11.0
|
31%
|
16.9
|
25%
|
23.5
|
17%
|
|
|
|
|
35.3
|
100%
|
66.5
|
100%
|
135.9
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
Breakdown between
products & services revenues
|
|
|
|
|
|
|
|
|
Products
|
|
23.0
|
65%
|
40.8
|
62%
|
92.5
|
68%
|
|
|
Professional
Services
|
3.4
|
10%
|
7.5
|
11%
|
13.3
|
10%
|
|
|
Support &
Maintenance
|
8.9
|
25%
|
18.2
|
27%
|
30.1
|
22%
|
|
|
|
|
35.3
|
100%
|
66.5
|
100%
|
135.9
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues per
customer type
|
|
|
|
|
|
|
|
|
CSP
|
|
28.1
|
80%
|
50.9
|
76%
|
114.8
|
84%
|
|
|
Enterprise
|
7.2
|
20%
|
15.6
|
24%
|
21.1
|
16%
|
|
|
|
|
35.3
|
100%
|
66.5
|
100%
|
135.9
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of top-10
end-customers out of revenues
|
64%
|
|
60%
|
|
71%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total number of full
time employees
|
695
|
|
695
|
|
676
|
|
|
|
(end of
period)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of basic
shares (in millions)
|
35.9
|
|
35.7
|
|
35.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP weighted
average number of
fully diluted shares (in millions)
|
38.3
|
|
38.1
|
|
37.2
|
|
|
View original
content:https://www.prnewswire.com/news-releases/allot-announces-second-quarter-2021-financial-results-301351799.html
SOURCE Allot Ltd.