HOD HASHARON, Israel, May 29, 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 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 have made
stabilizing the business and lowering expenses to align our
operating costs to current revenue levels. Revenues improved
year-over-year, and we lowered our expenses by 26% (on a Non-GAAP
basis), significantly reducing our operating and net loss. We are
working hard to bring the business back to profitability while
maintaining our investment in our long-term growth engine, Security
as a Service (SECaaS)."
"I am thrilled with the opportunity to join Allot. I believe we
have a bright future, and I am looking forward to working with the
Allot team to drive profitable growth," added Mr. Harari.
Q1 2024 Financial Results Summary
Total revenues for the first quarter of 2024 were
$21.9 million, an increase of 4%
compared to $21.1 million in the
first quarter of 2023.
Gross profit on a GAAP basis for the first quarter
of 2024 was $15.1 million (gross
margin of 69.0%), a 12% increase compared with $13.5 million (gross margin of 63.8%) in the
first quarter of 2023.
Gross profit on a non-GAAP basis for the first
quarter of 2024 was $15.4 million
(gross margin of 70.4%), an 8% increase compared with $14.2 million (gross margin of 67.2%) in the
first quarter of 2023.
Net loss on a GAAP basis for the first quarter of
2024 was $2.5 million, or
$0.07 per basic share, an improvement
compared with a net loss of $11.4
million, or $0.30 per basic
share, in the first quarter of 2023.
Net loss on a non-GAAP for the first quarter of 2024
was $0.9 million, or $0.03 per basic share an improvement compared
with a non-GAAP net loss of $7.7
million, or $0.21 per basic
share, in the first quarter of 2023.
Cash, short-term bank deposits, and investments as of
March 31, 2024, totaled $52.6 million, compared to $54.9 million as of December 31, 2023.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
its first quarter 2024 earnings results today, May 29, 2024, at 9:00 am
ET, 4:00 pm Israel time. To access the conference call,
please dial one of the following numbers:
US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610
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 1,000 enterprises. Our industry-leading network-based security
as a service solution is already used by many millions of
subscribers globally. Allot. See. Control. Secure.
For more information, visit www.allot.com.
Performance Metrics
* Total ARR - Support & Maintenance ARR (measures the
current annual run rate of support & maintenance revenues,
which is calculated based on the expected revenues for the first
quarter of 2024, excluding one-time items, and multiplied by 4) and
SECaaS ARR (measures the current annual run rate of SECaaS
revenues, which is calculated based on estimated revenues for the
month of Mar. 2024 and multiplied by
12).
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 changes in taxes-related
items.
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 accounts receivables,
including our ability to collect outstanding accounts and assess
their collectability on a quarterly basis; our ability to meet
expectations with respect to our financial guidance and outlook;
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; 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.
Logo: https://mma.prnewswire.com/media/703889/Allot_Logo.jpg
Investor Relations Contact:
EK Global Investor Relations
Ehud Helft
+1 212 378 8040
allot@ekgir.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
|
|
|
|
|
March
31,
|
|
|
|
|
2024
|
|
2023
|
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
21,890
|
|
$
21,126
|
|
|
|
|
Cost of
revenues
|
6,792
|
|
7,651
|
|
|
|
|
Gross
profit
|
15,098
|
|
13,475
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
Research and
development costs, net
|
7,149
|
|
10,494
|
|
|
|
|
Sales and
marketing
|
7,790
|
|
10,887
|
|
|
|
|
General and
administrative
|
2,902
|
|
3,960
|
|
|
|
|
Total operating
expenses
|
17,841
|
|
25,341
|
|
|
|
|
Operating
loss
|
(2,743)
|
|
(11,866)
|
|
|
|
|
Financial and other
income, net
|
540
|
|
794
|
|
|
|
|
Loss before income tax
expenses
|
(2,203)
|
|
(11,072)
|
|
|
|
|
|
|
|
|
|
|
|
Tax expenses
|
307
|
|
290
|
|
|
|
|
Net Loss
|
(2,510)
|
|
(11,362)
|
|
|
|
|
|
|
|
|
|
|
|
Basic net loss per
share
|
$
(0.07)
|
|
$
(0.30)
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net loss per
share
|
$
(0.07)
|
|
$
(0.30)
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of shares used in
|
|
|
|
|
|
|
|
computing basic net
loss per share
|
38,411,724
|
|
37,421,720
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of shares used in
|
|
|
|
|
|
|
|
computing diluted net
loss per share
|
38,411,724
|
|
37,421,720
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
March
31,
|
|
|
|
2024
|
|
2023
|
|
|
|
(Unaudited)
|
|
|
GAAP cost of
revenues
|
$
6,792
|
|
$
7,651
|
|
|
Share-based
compensation (1)
|
(154)
|
|
(531)
|
|
|
Amortization of
intangible assets (2)
|
(152)
|
|
(193)
|
|
|
Non-GAAP cost of
revenues
|
$
6,486
|
|
$
6,927
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
15,098
|
|
$
13,475
|
|
|
Gross profit
adjustments
|
306
|
|
724
|
|
|
Non-GAAP gross
profit
|
$
15,404
|
|
$
14,199
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
17,841
|
|
$
25,341
|
|
|
Share-based
compensation (1)
|
(1,206)
|
|
(2,937)
|
|
|
Non-GAAP
operating expenses
|
$
16,635
|
|
$
22,404
|
|
|
|
|
|
|
|
|
GAAP financial
and other income
|
$
540
|
|
$
794
|
|
|
Expenses related
to M&A activities (3)
|
-
|
|
14
|
|
|
Exchange rate
differences*
|
94
|
|
(43)
|
|
|
Non-GAAP
Financial and other income
|
$
634
|
|
$
765
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
307
|
|
$
290
|
|
|
Changes in tax
related items
|
(44)
|
|
(25)
|
|
|
Non-GAAP taxes on
income
|
$
263
|
|
$
265
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(2,510)
|
|
$ (11,362)
|
|
|
Share-based
compensation (1)
|
1,360
|
|
3,468
|
|
|
Amortization of
intangible assets (2)
|
152
|
|
193
|
|
|
Expenses related
to M&A activities (3)
|
-
|
|
14
|
|
|
Exchange rate
differences*
|
94
|
|
(43)
|
|
|
Changes in tax
related items
|
44
|
|
25
|
|
|
Non-GAAP Net
income (loss)
|
$
(860)
|
|
$
(7,705)
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.07)
|
|
$
(0.30)
|
|
|
Share-based
compensation
|
0.04
|
|
0.09
|
|
|
Amortization of
intangible assets
|
-
|
|
-
|
|
|
Expenses related
to M&A activities
|
-
|
|
-
|
|
|
Exchange rate
differences*
|
-
|
|
-
|
|
|
Changes in tax
related items
|
-
|
|
-
|
|
|
Non-GAAP Net
income (loss) per share (diluted)
|
$
(0.03)
|
|
$
(0.21)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of shares used in
|
|
|
|
|
|
computing GAAP diluted
net loss per share
|
38,411,724
|
|
37,421,720
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number
of shares used in
|
|
|
|
|
|
computing non-GAAP
diluted net loss per share
|
38,411,724
|
|
37,421,720
|
|
|
|
|
|
|
|
|
* Financial income or
expenses related to exchange rate differences in connection with
revaluation of assets and
|
|
|
liabilities in
non-dollar denominated currencies.
|
|
|
|
|
|
** While
amortization of acquired intangible assets is excluded from the
measures, the revenue of the acquired
|
|
|
companies is
reflected in the measures and the acquired assets contribute to
revenue generation.
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
March
31,
|
|
|
|
2024
|
|
2023
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
Cost of
revenues
|
$
154
|
|
$
531
|
|
|
Research and
development costs, net
|
498
|
|
1,202
|
|
|
Sales and
marketing
|
443
|
|
1,037
|
|
|
General and
administrative
|
265
|
|
698
|
|
|
|
$
1,360
|
|
$
3,468
|
|
|
|
|
|
|
|
|
(2) Amortization
of intangible assets
|
|
|
|
|
|
Cost of
revenues
|
$
152
|
|
$
193
|
|
|
|
$
152
|
|
$
193
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
Financial
income
|
$
-
|
|
$
14
|
|
|
|
$
-
|
|
$
14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE -
3
|
|
ALLOT
LTD.
|
|
AND ITS
SUBSIDIARIES
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
March
31,
|
|
December
31,
|
|
|
2024
|
|
2023
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
|
ASSETS
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
22,718
|
|
$
14,192
|
|
Restricted
deposit
|
|
1,182
|
|
1,728
|
|
Short-term bank
deposits
|
|
-
|
|
10,000
|
|
Available-for-sale
marketable securities
|
|
28,657
|
|
28,853
|
|
Trade receivables,
net (net of allowance for credit
losses of $25,363 and
$25,253 on March 31, 2024 and
December 31, 2023,
respectively)
|
|
15,019
|
|
14,828
|
|
Other receivables and
prepaid expenses
|
|
6,996
|
|
8,437
|
|
Inventories
|
|
11,707
|
|
11,874
|
|
Total current
assets
|
|
86,279
|
|
89,912
|
|
|
|
|
|
|
NON-CURRENT
ASSETS:
|
|
|
|
|
|
Severance pay
fund
|
|
389
|
|
395
|
|
Restricted
deposit
|
|
-
|
|
158
|
|
Operating lease
right-of-use assets
|
|
2,505
|
|
3,057
|
|
Other
assets
|
|
1,091
|
|
704
|
|
Property and equipment,
net
|
|
10,403
|
|
11,189
|
|
Intangible assets,
net
|
|
763
|
|
915
|
|
Goodwill
|
|
31,833
|
|
31,833
|
|
Total non-current
assets
|
|
46,984
|
|
48,251
|
|
|
|
|
|
|
Total assets
|
|
$
133,263
|
|
$
138,163
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
Trade
payables
|
|
$
709
|
|
$
969
|
|
Deferred
revenues
|
|
15,168
|
|
14,892
|
|
Short-term operating
lease liabilities
|
|
1,494
|
|
1,453
|
|
Other payables and
accrued expenses
|
|
18,075
|
|
22,094
|
|
Total current
liabilities
|
|
35,446
|
|
39,408
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
|
Deferred
revenues
|
|
8,531
|
|
7,437
|
|
Long-term operating
lease liabilities
|
|
202
|
|
702
|
|
Accrued severance
pay
|
|
1,016
|
|
1,080
|
|
Convertible
debt
|
|
39,823
|
|
39,773
|
|
Total long-term
liabilities
|
|
49,572
|
|
48,992
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
48,245
|
|
49,763
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
133,263
|
|
$
138,163
|
|
TABLE -
4
|
|
ALLOT
LTD.
|
|
AND ITS
SUBSIDIARIES
|
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
March
31,
|
|
|
2024
|
|
2023
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
Net Loss
|
$
(2,510)
|
|
$
(11,362)
|
|
|
Adjustments to reconcile net income to net cash used
in operating activities:
|
|
|
|
|
|
Depreciation
|
1,215
|
|
1,320
|
|
|
Stock-based
compensation
|
1,360
|
|
3,468
|
|
|
Amortization of
intangible assets
|
152
|
|
276
|
|
|
Increase (Decrease) in
accrued severance pay, net
|
(58)
|
|
60
|
|
|
Decrease in other
assets, other receivables and prepaid expenses
|
717
|
|
499
|
|
|
Decrease (Increase) in
accrued interest and amortization of premium/discount on
marketable securities
|
(372)
|
|
19
|
|
|
Decrease in operating
leases liability
|
(459)
|
|
(1,105)
|
|
|
Decrease in operating
lease right-of-use asset
|
552
|
|
722
|
|
|
Decrease (Increase) in
trade receivables
|
(191)
|
|
4,486
|
|
|
Decrease (Increase) in
inventories
|
167
|
|
(3,453)
|
|
|
Increase (Decrease) in
trade payables
|
(262)
|
|
739
|
|
|
Decrease in employees
and payroll accruals
|
(3,486)
|
|
(1,452)
|
|
|
Increase (Decrease) in
deferred revenues
|
1,370
|
|
(2,169)
|
|
|
Decrease in other
payables, accrued expenses and other long term
liabilities
|
(554)
|
|
(901)
|
|
|
Amortization of
issuance costs of Convertible debt
|
50
|
|
49
|
|
|
Net cash used in
operating activities
|
(2,309)
|
|
(8,804)
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
Decrease in restricted
deposit
|
704
|
|
-
|
|
|
Investment in
short-term bank deposits
|
-
|
|
(15,900)
|
|
|
Withdrawal of
short-term bank deposits
|
10,000
|
|
32,900
|
|
|
Purchase of property
and equipment
|
(429)
|
|
(270)
|
|
|
Investment in
marketable securities
|
(24,275)
|
|
(8,983)
|
|
|
Proceeds from
redemption or sale of marketable securities
|
24,835
|
|
3,370
|
|
|
Net cash provided by
investing activities
|
10,835
|
|
11,117
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
Proceeds from exercise
of stock options
|
-
|
|
-
|
|
|
Issuance of convertible
debt
|
-
|
|
-
|
|
|
Net cash provided by
financing activities
|
-
|
|
-
|
|
|
|
|
|
|
|
Increase in cash and
cash equivalents
|
8,526
|
|
2,313
|
|
|
Cash and cash
equivalents at the beginning of the period
|
14,192
|
|
12,295
|
|
|
Cash and cash
equivalents at the end of the period
|
$
22,718
|
|
$ 14,608
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other financial metrics
(Unaudited)
|
|
|
|
|
|
|
|
|
U.S. dollars in
millions, except number of full time employees, top 10 customers as
a
% of revenues and
number of shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1-2024
|
|
FY 2023
|
|
FY 2022
|
|
|
|
Revenues geographic
breakdown
|
|
|
|
|
|
|
|
|
|
Americas
|
|
4.3
|
20 %
|
16.6
|
18 %
|
21.8
|
18 %
|
|
|
|
EMEA
|
|
12.5
|
57 %
|
56.1
|
60 %
|
71.2
|
58 %
|
|
|
|
Asia Pacific
|
|
5.1
|
23 %
|
20.5
|
22 %
|
29.7
|
24 %
|
|
|
|
|
|
21.9
|
100 %
|
93.2
|
100 %
|
122.7
|
100 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue breakdown by type
|
|
|
|
|
|
|
|
|
|
Products
|
|
7.4
|
34 %
|
37.6
|
40 %
|
61.1
|
50 %
|
|
|
|
Professional
Services
|
3.0
|
14 %
|
6.1
|
7 %
|
11.6
|
9 %
|
|
|
|
SECaaS (Security as a
Service)
|
3.4
|
16 %
|
10.6
|
11 %
|
7.2
|
6 %
|
|
|
|
Support &
Maintenance
|
8.1
|
36 %
|
38.9
|
42 %
|
42.8
|
35 %
|
|
|
|
|
|
21.9
|
100 %
|
93.2
|
100 %
|
122.7
|
100 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues per customer type
|
|
|
|
|
|
|
|
|
|
CSP
|
|
17.3
|
79 %
|
75.1
|
81 %
|
98.3
|
80 %
|
|
|
|
Enterprise
|
|
4.6
|
21 %
|
18.1
|
19 %
|
24.4
|
20 %
|
|
|
|
|
|
21.9
|
100 %
|
93.2
|
100 %
|
122.7
|
100 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Top 10 customers as a %
of revenues
|
47 %
|
|
47 %
|
|
44 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total number of full
time employees
|
505
|
|
559
|
|
749
|
|
|
|
(end of
period)
|
|
|
|
|
|
|
|
|
|
Non-GAAP Weighted
average number of basic shares (in
millions)
|
38.4
|
|
37.9
|
|
37.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP weighted
average number of fully diluted
shares (in
millions)
|
42.1
|
|
40.3
|
|
39.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECaaS (Security as a Service)
revenues- U.S. dollars in
millions (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q1-2024:
|
3.4
|
|
|
|
|
|
|
|
|
|
Q4-2023:
|
3.2
|
|
|
|
|
|
|
|
|
|
Q3-2023:
|
2.8
|
|
|
|
|
|
|
|
|
|
Q2-2023:
|
2.4
|
|
|
|
|
|
|
|
|
|
Q1-2023:
|
2.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECaaS ARR* (annualized recurring revenues)-
U.S. dollars in millions (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 2024:
|
13.7
|
|
|
|
|
|
|
|
|
|
Dec. 2023:
|
12.7
|
|
|
|
|
|
|
|
|
|
Dec. 2022:
|
9.2
|
|
|
|
|
|
|
|
|
|
Dec. 2021:
|
5.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*ARR: annualized
recurring SECaaS revenues, calculated based on the monthly revenues
multiplied by 12
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/allot-announces-first-quarter-2024-financial-results-302157723.html
SOURCE Allot Ltd.