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Allot Communications Ltd (ALLT)
NASDAQ:ALLT
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0Last Year’s EPS
-$0.43Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: 38.97%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with significant achievements such as the first non-GAAP operating net profit in three years, strong growth in SECaaS revenues, and improved gross margins. The company demonstrated financial stability through positive cash flow and increased net cash levels. However, there are challenges related to reliance on nonrecurring revenue and conservative guidance for the next quarter, alongside potential headcount reductions.Company Guidance
During Allot's Q3 2024 earnings call, the company highlighted several positive financial metrics and strategic advancements. The quarter saw a total revenue of $23.2 million, marking a year-over-year increase of 3% and a sequential growth of 5%. A significant contributor to this growth was the Security as a Service (SECaaS) segment, which generated $4.7 million, up 69% from the previous year and comprising 20.1% of the quarter's revenue. This growth was attributed to new service launches and expanding customer adoption, notably with Vodafone U.K. and NEO in Portugal. The company reported a non-GAAP operating income of $1.1 million, a notable improvement from an operating loss of $11.1 million in Q3 2023, and achieved its first non-GAAP net profit in three years at $1.3 million, or $0.03 per diluted share. The non-GAAP gross margin improved significantly to 71.7%, compared to 47.9% in the same quarter last year. Operating cash flow was positive at $1.9 million, with cash reserves totaling $54.5 million as of September 30, 2024. Looking ahead, Allot expects to maintain break-even status on a non-GAAP operating profit basis in Q4 2024, while continuing to generate positive operating cash flow and achieving double-digit year-over-year growth in SECaaS revenue and ARR.First Non-GAAP Operating Net Profit in 3 Years
Achieved first non-GAAP operating net profit in three years, with a $1.3 million net profit reported this quarter.
Positive Operating Cash Flow
Generated positive operating cash flow of $1.9 million for the quarter.
SECaaS Revenue Growth
Security as a Service (SECaaS) revenues increased by 69% year-over-year, reaching $4.7 million and representing 20.1% of the quarterly revenue.
Improved Gross Margin
Non-GAAP gross margin improved to 71.7%, up from 47.9% the previous year.
Increased Net Cash Level
Net cash level increased to $54.5 million from $53.2 million in the prior quarter.
Strategic Partnerships with Major Telecom Providers
Expanded partnerships with major telecom providers like Vodafone U.K. and NEO in Portugal, enhancing potential recurring revenue base.
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ALLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $3.60 | $3.90 | +8.33% |
| Aug 27, 2024 | $3.48 | $3.29 | -5.46% |
| May 29, 2024 | $2.34 | $2.22 | -5.13% |
| Feb 15, 2024 | $1.90 | $1.82 | -4.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allot Communications Ltd (ALLT) report earnings?
Allot Communications Ltd (ALLT) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Allot Communications Ltd (ALLT) earnings time?
Allot Communications Ltd (ALLT) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALLT EPS forecast?
ALLT EPS forecast for the fiscal quarter 2024 (Q4) is $0.
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