Allot Ltd (NAS:ALLT)

Q3 2024 Allot Ltd Earnings Call Transcript

Nov 19, 2024 / 01:30 PM GMT

Release Date Price: $3.9 (+8.04%)

Transcript

Key Points

Positve

Allot Ltd (ALLT) achieved its first non-GAAP operating net profit in three years, indicating a return to financial stability.
The company reported a positive operating cash flow and an increase in net cash levels for two consecutive quarters.
Security as a Service revenues increased by 69% year over year, driven by top-tier customers and expanded security solutions.
Allot Ltd (ALLT) is focusing on a unified business unit strategy to leverage core strengths in security and network intelligence.
The company is reorganizing to be more customer-centric, aiming to open new opportunities for expansion and gain new customers.

Negative

Allot Ltd (ALLT) still relies heavily on CapEx deals and non-recurring revenue, which are harder to predict.
The company's guidance for the next quarter remains conservative due to the unpredictability of non-recurring revenue.
There is a potential for flat or declining operating profit on a quarter-to-quarter basis due to non-recurring revenue.
The company is undergoing a strategic reorganization, which may involve reducing headcount in specific areas.
Allot Ltd (ALLT) faces challenges in achieving growth in non-security-related revenues due to competitive pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALLT.OQ - Allot Ltd
Q3 2024 Allot Ltd Earnings Call
Nov 19, 2024 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to Aots third quarter, 2024 results conference call. All participants are at present in listen-only mode following management's formal presentation instructions will be given for the question and answer session. As a reminder, this conference is being recorded.

You should have all received by now. The company's press release. If you have not received it, please contact AOTS investors relation team at EK Global Investor Relations at 12,123,788,040 or view it in the news section of the company's website at www dot allot dotcom.

I would now like to hand over the call to Mr Kenny Green of EK Global Investor relations. Mr Green, would you like to begin please?

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