Allot Communications ( (ALLT) ) has released its Q4 earnings. Here is a breakdown of the information Allot Communications presented to its investors.
Allot Ltd. is a global provider of network intelligence and security solutions, serving service providers and enterprises with innovative technologies for network analytics, traffic control, and security services.
In its latest earnings report for the fourth quarter of 2024, Allot Ltd. showcased a return to revenue growth and profitability, driven by significant gains in its Security as a Service (SECaaS) segment. The company reported a 2% year-over-year increase in revenues to $24.9 million and a noteworthy 49% year-over-year growth in SECaaS revenues.
Key financial highlights include a non-GAAP gross margin improvement to 69.7% from 51.7% the previous year, and a non-GAAP operating profit of $1.8 million compared to an operating loss in the prior year. Allot also generated a strong positive operating cash flow of $4.1 million in the quarter. The company’s strategic focus on its security-first approach and partnerships with major players like Verizon Business, Vodafone, O2, and MEO have been pivotal in its growth trajectory.
Looking ahead, Allot’s management remains optimistic about sustaining double-digit growth in SECaaS revenues and annual recurring revenue (ARR) in 2025, while continuing to enhance profitability through strategic initiatives.
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