• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Allot Announces Fourth Quarter 2024 Financial Results

    2/25/25 6:30:00 AM ET
    $ALLT
    Computer Communications Equipment
    Telecommunications
    Get the next $ALLT alert in real time by email

    Strong Double-Digit SECaaS Growth and Significant Improvement in Profitability

    HOD HASHARON, Israel, Feb. 25, 2025 /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 fourth quarter and full year of 2024.

    Allot Ltd. Logo

    Financial Highlights for the Fourth Quarter

    • Revenues of $24.9 million increased 2% year over year and 7% sequentially, representing a return to revenue growth;
    • Security as a Service (SECaaS) revenues continued to grow strongly, increasing 49% year-over-year to $4.8 million;
    • December 2024 SECaaS ARR* grew to $18.2 million, an increase of 43% year-over-year;
    • Non-GAAP gross margin was 69.7%, a strong improvement versus gross margin of 51.7% in the fourth quarter of last year;
    • Non-GAAP operating profit was $1.8 million, GAAP operating income was $0.3 million, versus operating losses last year;
    • Generated strong positive operating cash flow in the quarter of $4.1 million;

    Management Comment

    Eyal Harari, CEO of Allot, commented, "We are very pleased to report solid fourth-quarter and full year 2024 results, demonstrating that Allot is at a key inflection point in its turnaround process. Our results show renewed revenue growth and a return to profitability, with growing positive cash flow generation. Our SECaaS growth engine continued its strong performance in 2024, with high double-digit growth rates in both revenues and ARR."

    Continued Mr. Harari, "Our security-first strategy and renewed go-to-market focus are gaining strong traction and momentum.  As we recently announced, we were very excited to sign a new major agreement with Verizon Business. We are very happy that the significant Verizon Business mobile customer base will have the opportunity to sign up for Allot's cybersecurity protection solution. This new agreement adds to the strong momentum that Allot has recently seen, including our announcements with Vodafone, O2 and MEO. These important partnerships illustrate our growing success and expand our potential for long-term recurring revenue."

    Concluded Mr. Harari, "Looking ahead to 2025, we remain focused on advancing our strategy and executing on another year of double-digit SECaaS revenue and ARR growth, and improved profitability."     

    Fourth Quarter 2024 Financial Results Summary

    Total revenues for the fourth quarter of 2024 were $24.9 million, a 7% increase sequentially compared with $23.2 million in the prior quarter and a 2% increase year-over-year compared with $24.3 million in the fourth quarter of 2023. .

    Gross profit on a GAAP basis for the fourth quarter of 2024 was $17.1 million (gross margin of 68.5%), a 49.6% increase compared with $11.4 million (gross margin of 46.8%) in the fourth quarter of 2023.   

    Gross profit on a non-GAAP basis for the fourth quarter of 2024 was $17.4 million (gross margin of 69.7%), a 37.9% increase compared with $12.6 million (gross margin of 51.7%) in the fourth quarter of 2023.   

    Operating income on a GAAP basis for the fourth quarter of 2024 was $0.3 million, compared with an operating loss of $18.9 million in the fourth quarter of 2023.

    Operating income on a non-GAAP basis for the fourth quarter of 2024 was $1.8 million, compared with an operating loss of $17.0 million in the fourth quarter of 2023.   

    Net income on a GAAP basis for the fourth quarter of 2024 was $0.2 million, or $0.01 income per diluted share, an improvement compared to the net loss of $18.3 million, or $0.48 loss per basic share, in the fourth quarter of 2023.

    Net income on a non-GAAP basis for the fourth quarter of 2024 was $2.0 million, or $0.05 income per diluted share, an improvement compared to the non-GAAP net loss of $16.4 million, or $0.43 loss per basic share, in the fourth quarter of 2023.

    Operating cash flow generated in the quarter was $4.1 million.    

    Full Year 2024 Financial Results Summary

    Total revenues for 2024 were $92.2 million, a 1% decrease compared to $93.2 million in 2023.

    Gross profit on a GAAP basis for 2024 was $63.7 million (gross margin of 69.1%), a 20.9% increase compared with $52.7 million (gross margin of 56.6%) in 2023.

    Gross profit on a non-GAAP basis for 2024 was $65.1 million (gross margin of 70.6%), a 17.2% year-over-year growth compared with $55.5 million (gross margin of 59.6%) in 2023.

    Net loss on a GAAP basis for 2024 was $5.9 million, or $0.15 per basic share, compared with a net loss of $62.8 million, or $1.66 per basic share, in 2023.

    Net income on a non-GAAP basis for 2024 was $1.6 million, or $0.04 income per diluted share, compared with a net loss of $53.3 million, or $1.41 loss per basic share, in 2023.

    Operating cash flow generated in 2024 was $4.8 million.   

    Cash and cash equivalents, short-term bank deposits, short-term restricted deposits, and investments as of December 31, 2024, totaled $58.8 million, versus $54.8 million as of December 31, 2023.

    Conference Call & Webcast:

    The Allot management team will host a conference call to discuss its fourth quarter and full year 2024 earnings results today, February 25, 2025 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

    * SECaaS ARR – measures the current annual recurring of SECaaS revenues, which is calculated based on estimated revenues for the month of December 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.

    Investor Relations Contact:

    EK Global Investor Relations

    Ehud Helft

    +1 212 378 8040

    [email protected]

    Public Relations Contact:

    Seth Greenberg, Allot Ltd.

    +972 54 922 2294

    [email protected]

     

     

    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





    Year Ended 



    December 31,





    December 31,



    2024



    2023





    2024



    2023



    (Unaudited)





    (Unaudited)



    (Audited)



















    Revenues

    $       24,906



    $       24,342





    $       92,195



    $       93,150

    Cost of revenues

    7,853



    12,941





    28,505



    40,464

    Gross profit  

    17,053



    11,401





    63,690



    52,686



















    Operating expenses:

















    Research and development costs, net

    5,715



    7,942





    26,112



    39,115

    Sales and marketing

    7,508



    12,057





    30,908



    43,850

    General and administrative

    3,518



    10,316





    12,684



    34,656

    Total operating expenses

    16,741



    30,315





    69,704



    117,621

    Operating profit (loss)

    312



    (18,914)





    (6,014)



    (64,935)

    Financial and other income (loss), net

    368



    661





    1,910



    3,215

    Profit (Loss) before income tax benefit

    680



    (18,253)





    (4,104)



    (61,720)



















    Tax expenses

    439



    96





    1,765



    1,084

    Net profit (Loss)

    241



    (18,349)





    (5,869)



    (62,804)



















     Basic net profit (loss) per share

    $           0.01



    $         (0.48)





    $         (0.15)



    $         (1.66)





































     Diluted net profit (loss) per share

    $           0.01



    $         (0.48)





    $         (0.15)



    $         (1.66)



















    Weighted average number of shares used in 

















    computing basic net loss per share

    39,379,254



    38,293,808





    38,928,475



    37,911,214



















    Weighted average number of shares used in 

















    computing diluted net loss per share

    41,772,402



    38,293,808





    40,899,294



    37,911,214





















     

     

    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



    Year Ended





    December 31,



    December 31,





    2024



    2023



    2024



    2023





    (Unaudited)



    (Unaudited)

    GAAP cost of revenues

    $          7,853



    $        12,941



    $       28,505



    $       40,464

     Share-based compensation (1) 

    (148)



    (162)



    (779)



    (1,219)

     Amortization of intangible assets (2) 

    (152)



    (1,024)



    (608)



    (1,606)

    Non-GAAP cost of revenues

    $          7,553



    $        11,755



    $       27,118



    $       37,639



















     GAAP gross profit 

    $        17,053



    $        11,401



    $       63,690



    $       52,686

     Gross profit adjustments 

    300



    1,186



    1,387



    2,825

     Non-GAAP gross profit 

    $        17,353



    $        12,587



    $       65,077



    $       55,511



















     GAAP operating expenses 

    $        16,741



    $        30,315



    $       69,704



    $     117,621

     Share-based compensation (1) 

    (1,176)



    (1,449)



    (5,261)



    (7,626)

     Income related to M&A activities (2) 

    -



    699



    -



    699

     Non-GAAP operating expenses 

    $        15,565



    $        29,565



    $       64,443



    $     110,694



















     GAAP financial and other income 

    $             368



    $            661



    $         1,910



    $         3,215

     Exchange rate differences* 

    159



    (50)



    502



    (378)

     Expenses related to M&A activities (3) 



    -



    -



    -



    43

     Non-GAAP Financial and other income 

    $             527



    $            611



    $         2,412



    $         2,880



















     GAAP taxes on income 

    $             439



    $              96



    $         1,765



    $         1,084

     Changes in tax related items 

    (130)



    (25)



    (352)



    (100)

     Non-GAAP taxes on income 

    $             309



    $              71



    $         1,413



    $            984



















     GAAP Net profit (Loss) 

    $             241



    $      (18,349)



    $       (5,869)



    $     (62,804)

     Share-based compensation (1) 

    1,324



    1,611



    6,040



    8,845

     Amortization of intangible assets (2) 

    152



    1,024



    608



    1,606

     Expenses related to M&A activities (3) 



    -



    (699)



    -



    (656)

     Exchange rate differences* 

    159



    (50)



    502



    (378)

     Changes in tax related items 



    130



    25



    352



    100

     Non-GAAP Net income (loss) 

    $          2,006



    $      (16,438)



    $         1,633



    $     (53,287)



















     GAAP profit (Loss) per share (diluted) 

    $            0.01



    $          (0.48)



    $         (0.15)



    $         (1.66)

     Share-based compensation 

    0.03



    0.04



    0.16



    0.23

     Amortization of intangible assets 

    0.00



    0.03



    0.02



    0.05

     Expenses related to M&A activities 

    -



    (0.02)



    -



    (0.02)

     Exchange rate differences* 

    0.01



    (0.00)



    0.01



    (0.01)

     Changes in tax related items 



    0.00



    0.00



    0.00



    0.00

     Non-GAAP Net income (loss) per share (diluted) 

    $            0.05



    $          (0.43)



    $           0.04



    $         (1.41)





































    Weighted average number of shares used in 















    computing GAAP diluted net income (loss) per share

    39,379,254



    38,293,808



    38,928,475



    37,911,214





































    Weighted average number of shares used in 















    computing non-GAAP diluted net income (loss) per share

    42,560,457



    38,293,808



    42,289,637



    37,911,214



















    * 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



    Year Ended





    December 31,



    December 31,





    2024



    2023



    2024



    2023





    (Unaudited)



    (Unaudited)



















    (1) Share-based compensation:

















    Cost of revenues

    $             148



    $            162



    $            779



    $         1,219



    Research and development costs, net

    301



    597



    1,988



    3,010



    Sales and marketing

    310



    473



    1,855



    2,651



    General and administrative

    565



    379



    1,418



    1,965





    $          1,324



    $          1,611



    $         6,040



    $         8,845



















     (2) Amortization of intangible assets 

















    Cost of revenues

    $             152



    $          1,024



    $            608



    $         1,606





    $             152



    $          1,024



    $            608



    $         1,606



















     (3) Expenses related to M&A activities 

















    General and administrative 

    $               -



    $           (699)



    $              -



    $          (699)



    Financial expenses (income)

    -



    -



    -



    43





    $               -



    $           (699)



    $              -



    $          (656)





































     

     

    TABLE  - 3

    ALLOT LTD.

    AND ITS SUBSIDIARIES

    CONSOLIDATED  BALANCE  SHEETS

    (U.S. dollars in thousands)

























    December 31,



    December 31,





    2024



    2023





    (Unaudited)



    (Audited)







    ASSETS









    CURRENT ASSETS:









    Cash and cash equivalents



    $                   16,142



    $                14,192

    Short-term bank deposits



    15,250



    10,000

    Restricted deposits



    904



    1,728

    Available-for-sale marketable securities



    26,470



    28,853

    Trade receivables, net (net of allowance for credit losses of

    $25,306 and $25,253 on December 31, 2024 and 2023,

    respectively)



    16,482



    14,828

    Other receivables and prepaid expenses



    6,317



    8,437

    Inventories



    8,611



    11,874

    Total current assets



    90,176



    89,912











    LONG-TERM ASSETS:









    Severance pay fund



    464



    395

    Restricted deposit



    279



    158

    Operating lease right-of-use assets



    6,741



    3,057

    Other assets 



    2,151



    704

    Property and equipment, net



    7,692



    11,189

    Intangible assets, net



    305



    915

    Goodwill



    31,833



    31,833

    Total non-current assets



    49,465



    48,251











    Total assets



    $                  139,641



    $              138,163











    LIABILITIES AND SHAREHOLDERS' EQUITY









    CURRENT LIABILITIES:









    Trade payables



    $                        946



    $                     969

    Deferred revenues



    17,054



    14,892

    Short-term operating lease liabilities



    562



    1,453

    Other payables and accrued expenses



    17,412



    22,094

    Total current liabilities



    35,974



    39,408











    LONG-TERM LIABILITIES:









    Deferred revenues



    7,136



    7,437

    Long-term operating lease liabilities



    5,807



    702

    Accrued severance pay



    946



    1,080

    Convertible debt



    39,973



    39,773

    Total long-term liabilities



    53,862



    48,992











    SHAREHOLDERS' EQUITY



    49,805



    49,763











    Total liabilities and shareholders' equity



    $                  139,641



    $              138,163





















     

     

    TABLE  - 4

    ALLOT LTD.

    AND ITS SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF CASH FLOWS 

    (U.S. dollars in thousands)



















    Three Months Ended



    Year Ended



    December 31,



    December 31,



    2024



    2023



    2024



    2023



    (Unaudited)



    (Unaudited)



    (Audited)

















    Cash flows from operating activities:































    Net profit (Loss)

    $     241



    $  (18,349)



    $  (5,869)



    $  (62,804)

    Adjustments to reconcile net income to net cash provided by (used in) operating activities:















    Depreciation

    2,145



    1,638



    5,613



    5,536

    Stock-based compensation

    1,324



    1,611



    6,040



    8,845

    Amortization of intangible assets

    153



    1,766



    610



    2,596

    Increase (Decrease) in accrued severance pay, net

    (48)



    37



    (203)



    116

    Decrease (Increase) in other assets, other receivables and prepaid expenses

    (274)



    (62)



    702



    621

    Increase in accrued interest and  amortization of premium/discount on marketable securities 

    (223)



    (305)



    (1,392)



    (712)

    Decrease in operating leases liability

    (545)



    (845)



    (1,644)



    (3,322)

    Decrease in operating lease right-of-use asset

    325



    681



    2,174



    2,686

    Decrease (Increase) in trade receivables

    888



    9,784



    (1,654)



    34,273

    Decrease in inventories

    1,438



    2,165



    3,263



    1,388

    Decrease in trade payables

    (2,178)



    (2,857)



    (23)



    (10,692)

    Increase (Decrease) in employees and payroll accruals

    (1,798)



    1,115



    (4,358)



    (1,571)

    Increase (Decrease) in deferred revenues

    3,265



    (2,806)



    1,861



    (5,781)

    Increase in other payables, accrued expenses and other long term liabilities

    (684)



    1,200



    (493)



    (1,113)

    Amortization of issuance costs of Convertible debt

    50



    50



    200



    198

    Net cash provided by (used in) operating activities

    4,079



    (5,177)



    4,827



    (29,736)

















    Cash flows from investing activities:































    Decrease (Increase) in restricted deposit

    -



    (804)



    703



    (836)

    Investment in short-term bank deposits

    (15,250)



    -



    (24,550)



    (15,900)

    Withdrawal of short-term bank deposits

    5,500



    3,600



    19,300



    74,665

    Purchase of property and equipment

    (445)



    (621)



    (2,117)



    (2,489)

    Investment in marketable securities

    (16,719)



    (12,064)



    (61,003)



    (46,742)

    Proceeds from redemption or sale of marketable securities

    10,750



    7,750



    64,790



    22,935

    Net cash provided by investing activities

    (16,164)



    (2,139)



    (2,877)



    31,633

















    Cash flows from financing activities:































    Proceeds from exercise of stock options

    1



    (1)



    -



    -

    Net cash provided by (used in) financing activities

    1



    (1)



    -



    -

































    Increase (Decrease) in cash and cash equivalents

    (12,084)



    (7,317)



    1,950



    1,897

    Cash and cash equivalents at the beginning of the period

    28,226



    21,509



    14,192



    12,295

















    Cash and cash equivalents at the end of the period

    $16,142



    $   14,192



    $ 16,142



    $   14,192

















    Non-cash activity:















    Right-of-use assets obtained in the exchange for operating lease liabilities

    $       63



    $        279



    $   5,858



    $        356

































     

     



















    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







    Q4-2024



    FY 2024



    FY 2023



    Revenues geographic breakdown















    Americas



    4.4

    18 %

    14.2

    15 %

    16.6

    18 %



    EMEA



    15.8

    63 %

    54.0

    59 %

    56.1

    60 %



    Asia Pacific



    4.7

    19 %

    24.0

    26 %

    20.5

    22 %







    24.9

    100 %

    92.2

    100 %

    93.2

    100 %



















    Revenues breakdown by type















    Products



    4.9

    20 %

    30.1

    33 %

    37.6

    40 %



    Professional Services

    2.8

    11 %

    8.3

    9 %

    6.1

    7 %



    SECaaS (Security as a Service)

    4.8

    19 %

    16.5

    18 %

    10.6

    11 %



    Support & Maintenance

    12.5

    50 %

    37.3

    40 %

    38.9

    42 %







    24.9

    100 %

    92.2

    100 %

    93.2

    100 %



















    Revenues per customer type















    CSP



    20.7

    83 %

    75.4

    82 %

    75.1

    81 %



    Enterprise



    4.2

    17 %

    16.8

    18 %

    18.1

    19 %







    24.9

    100 %

    92.2

    100 %

    93.2

    100 %



















    Top 10 customers as a % of revenues

    55 %



    43 %



    47 %





















    Non-GAAP Weighted average number of basic shares  (in millions)

    39.4



    38.9



    37.9





















    Non-GAAP weighted average number of fully diluted shares  (in millions)

    42.6



    42.3



    40.3

























     

     





















    SECaaS (Security as a Service) revenues- U.S. dollars in millions (Unaudited)































    Q4-2024:

    4.8

















    Q3-2024:

    4.7

















    Q2-2024:

    3.7

















    Q1-2024:

    3.4

















    Q4-2023:

    3.2





































    SECaaS ARR* - U.S. dollars in millions (Unaudited)



































    Dec. 2024:

    18.2

















    Dec. 2023:

    12.7

















    Dec. 2022:

    9.2

















    Dec. 2021:

    5.2













































































    Logo - https://mma.prnewswire.com/media/703889/Allot_Logo.jpg

     

    Cision View original content:https://www.prnewswire.com/news-releases/allot-announces-fourth-quarter-2024-financial-results-302384476.html

    SOURCE Allot Ltd.

    Get the next $ALLT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $ALLT

    DatePrice TargetRatingAnalyst
    8/5/2024$13.00Market Perform → Outperform
    Northland Capital
    5/17/2022Buy → Hold
    Lake Street
    2/17/2022$14.00 → $10.00Neutral → Underperform
    BofA Securities
    2/16/2022$22.00 → $16.00Buy
    Needham
    12/8/2021$23.00Outperform
    Northland Capital
    11/11/2021$21.00 → $14.00Buy → Neutral
    BofA Securities
    More analyst ratings

    $ALLT
    Financials

    Live finance-specific insights

    See more
    • Allot Announces First Quarter 2025 Financial Results

      Solid start to the year with profitable growth including 54% increase in SECaaS ARR YoY HOD HASHARON, Israel, May 12, 2025 /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 first quarter 2025. Financial Highlights for the First Quarter of 2025 Revenues of $23.2, up 6% year over year;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 49% year-over-year to $5.1 million;March 2025 SECaaS ARR* of $21.2 million, up 54% year-over-year;Non-GAAP gross margin of 70.4%, similar to

      5/12/25 6:30:00 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot to Release First Quarter 2025 Results and Host Conference Call on May 12, 2025

      Hod Hasharon, Israel, April 28, 2025 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT)), a leading global provider of innovative security-as-a-service (SECaaS) and network intelligence solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its first quarter 2025 results on Monday, May 12, 2025 at 9:00AM ET (2:00PM UK, 4:00PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call.‎ To access the conference call, please dial one of the following numbers: US:  1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0644 A live we

      4/28/25 5:05:41 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot Announces Fourth Quarter 2024 Financial Results

      Strong Double-Digit SECaaS Growth and Significant Improvement in Profitability HOD HASHARON, Israel, Feb. 25, 2025 /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 fourth quarter and full year of 2024. Financial Highlights for the Fourth Quarter Revenues of $24.9 million increased 2% year over year and 7% sequentially, representing a return to revenue growth;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 49% year-over-year to $4.8 million;December 2024 SECaaS ARR* gre

      2/25/25 6:30:00 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications

    $ALLT
    SEC Filings

    See more
    • SEC Form 144 filed by Allot Ltd.

      144 - Allot Ltd. (0001365767) (Subject)

      5/23/25 6:45:14 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • SEC Form SD filed by Allot Ltd.

      SD - Allot Ltd. (0001365767) (Filer)

      5/19/25 4:15:04 PM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • SEC Form 6-K filed by Allot Ltd.

      6-K - Allot Ltd. (0001365767) (Filer)

      5/12/25 6:10:30 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications

    $ALLT
    Leadership Updates

    Live Leadership Updates

    See more
    • Cognyte Elects Two New Board Members to Strengthen Expertise and Drive Growth

      Announcement reflects company's commitment to augment Board of Directors with industry-experienced executives from both the government and software sectors Cognyte Software Ltd. (NASDAQ:CGNT) ("Cognyte"), a global leader in investigative analytics software, today announced the appointment of two new members to its Board of Directors. Matthew O'Neill and Nurit Benjamini will join the board on March 1, 2025, and March 31, 2025, respectively, reflecting the company's commitment to add independent directors from the government and software sectors. Richard Nottenburg will be stepping down from his board position effective March 31, 2025. Having served with the United States Secret Service f

      2/18/25 8:00:00 AM ET
      $ALLT
      $BLRX
      $CGEN
      $CGNT
      Computer Communications Equipment
      Telecommunications
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Allot Appoints Liat Nahum as New Chief Financial Officer

      Hod Hasharon, Israel, May 29, 2024 (GLOBE NEWSWIRE) -- 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 the appointment of Mrs. Liat Nahum as the new Chief Financial Officer of the Company. Nahum, who will join Allot on July 1st, 2024, brings with her significant financial and international management experience from leadership roles at publicly listed technology companies. "I am happy to welcome Liat to our executive team. She will partner with me to usher in a new chapter for Allot, with the goal of driving renewed business success. Liat brings m

      5/29/24 3:17:07 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot Announces the Appointment of Eyal Harari as Chief Executive Officer

      Hod Hasharon, Israel, May 06, 2024 (GLOBE NEWSWIRE) -- 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 the appointment of Eyal Harari as its Chief Executive Officer effective May 6, 2024.  He will be replacing Mr. Erez Antebi.  At the request of the company's Board of Directors, Mr. Antebi has agreed to assist Mr. Harari during a transition period and thereafter, to continue to provide consulting services to the company. "We are extremely pleased that Eyal is joining Allot as Chief Executive Officer.  He brings his vast experience, management and b

      5/6/24 7:22:44 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications

    $ALLT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Allot Announces First Quarter 2025 Financial Results

      Solid start to the year with profitable growth including 54% increase in SECaaS ARR YoY HOD HASHARON, Israel, May 12, 2025 /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 first quarter 2025. Financial Highlights for the First Quarter of 2025 Revenues of $23.2, up 6% year over year;Security as a Service (SECaaS) revenues continued to grow strongly, increasing 49% year-over-year to $5.1 million;March 2025 SECaaS ARR* of $21.2 million, up 54% year-over-year;Non-GAAP gross margin of 70.4%, similar to

      5/12/25 6:30:00 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot to Release First Quarter 2025 Results and Host Conference Call on May 12, 2025

      Hod Hasharon, Israel, April 28, 2025 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT, TASE: ALLT)), a leading global provider of innovative security-as-a-service (SECaaS) and network intelligence solutions for communication service providers (CSPs) and enterprises, announced today that it will host a conference call to discuss its first quarter 2025 results on Monday, May 12, 2025 at 9:00AM ET (2:00PM UK, 4:00PM Israel). The unaudited financial results of the quarter will be published prior to the commencement of the conference call.‎ To access the conference call, please dial one of the following numbers: US:  1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0644 A live we

      4/28/25 5:05:41 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot Launches New Off-network Cybersecurity Solution, Part of its 360-degree Protection Platform

      Hod Hasharon, Israel, April 22, 2025 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ:ALLT) (TASE: ALLT), a leading global provider of innovative security-as-a-service (SECaaS) and network intelligence solutions for communication service providers and enterprises, announced today that the company is launching its new OffNetSecure solution and will demo it at the RSA Conference in San Francisco. The new hassle-free solution protects telecom customers against cyberthreats when they are connected to the internet through means other than their provider's network. The Allot OffNetSecure solution is an extension of the Allot Secure cybersecurity platform for telecom operators. It provides seamless cybe

      4/22/25 5:36:25 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications

    $ALLT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Allot Ltd.

      SC 13G - Allot Ltd. (0001365767) (Subject)

      11/18/24 9:00:22 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Amendment: SEC Form SC 13G/A filed by Allot Ltd.

      SC 13G/A - Allot Ltd. (0001365767) (Subject)

      11/12/24 6:01:17 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Amendment: SEC Form SC 13D/A filed by Allot Ltd.

      SC 13D/A - Allot Ltd. (0001365767) (Subject)

      9/3/24 8:01:55 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications

    $ALLT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Allot Comms upgraded by Northland Capital with a new price target

      Northland Capital upgraded Allot Comms from Market Perform to Outperform and set a new price target of $13.00

      8/5/24 9:04:15 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot Comms downgraded by Lake Street

      Lake Street downgraded Allot Comms from Buy to Hold

      5/17/22 1:00:29 PM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications
    • Allot Comms downgraded by BofA Securities with a new price target

      BofA Securities downgraded Allot Comms from Neutral to Underperform and set a new price target of $10.00 from $14.00 previously

      2/17/22 6:10:09 AM ET
      $ALLT
      Computer Communications Equipment
      Telecommunications