Return to Revenue Growth
Allot Ltd. reported an increase in fourth quarter and full year 2024 revenues year over year, indicating a return to revenue growth.
Significant Growth in CCaaS
The CCaaS (Cybersecurity as a Service) revenues reached $16.5 million for the full year, up 56% over the previous year, with ARR at $18.2 million, up 43% year over year.
Improved Gross Margins
Gross margins increased significantly to around 70%, recovering from 57% in 2023.
Return to Profitability
Reported a non-GAAP net income of $5.6 million for the year versus a loss of $53 million last year.
Positive Cash Flow
Generated a positive cash flow of $4.8 million in 2024, marking the first time in several years.
Notable Contracts and Partnerships
Secured significant contracts with major telecom operators, including Verizon and Vodafone UK.