Allot (ALLT) has released an update.
Allot Ltd. reports stable Q2 2024 revenues of $22.2 million, with a significant reduction in operating loss and a first-time positive operating cash flow in three years. The company’s Security as a Service (SECaaS) revenue grew by 54% year-over-year, contributing to a projected accelerated annual growth rate of 50%. Despite a 12% decrease in total revenue compared to the same quarter last year, Allot sees improvement in operational efficiency and a strong pipeline of opportunities.
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