Allot Ltd (NAS:ALLT)

Q4 2024 Allot Ltd Earnings Call Transcript

Feb 25, 2025 / 02:00 PM GMT

Release Date Price: $7.73 (+16.94%)

Transcript

Key Points

Positve

Allot Ltd (ALLT) reported a strong fourth quarter and full year 2024 results, marking a key inflection point in its turnaround.
The company's revenues increased both year over year and sequentially, with a significant contribution from the Security as a Service solution, which grew 56% over the previous year.
Gross margins improved significantly to around 70%, recovering from 57% in 2023.
Allot Ltd (ALLT) returned to profitability with a non-GAAP net income of $5.6 million for the year, compared to a loss of $53 million last year.
The company generated positive cash flow for the first time in several years, with a year-end cash position of $59 million.

Negative

Product revenue was down 55% year over year, indicating potential challenges in this segment.
The smart product line's long-term visibility is less predictable, which could impact future revenue stability.
Gross margin ticked down 200 basis points quarter over quarter, attributed to product mix rather than pricing pressure.
The company's legacy DPI business has lower predictability and visibility, making it challenging to forecast future performance.
Incremental ARR for the December quarter was lower than the September quarter, indicating potential variability in growth rates.

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

ALLT.OQ - Allot Ltd
Q4 2024 Allot Ltd Earnings Call
Feb 25, 2025 / 02:00PM 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 our los 4th 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 our Los investor relations team at Ekglobal Investor Relations. At 12,123,788,040 or view it in the news section of the company's website at www.allo.com. 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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