HOD HASHARON, Israel,
Nov. 5, 2019 /PRNewswire/
-- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global
provider of innovative network intelligence and security solutions
for service providers and enterprises worldwide, today announced
its third quarter 2019 financial results.
Third Quarter 2019 – Financial Highlights
- Revenue growth to $27.6 million,
up 14% year-over-year
- Cash and investments increased by $13.3
million to $114.8 million
- GAAP gross profit up 14% year-over-year to $19.2 million; non-GAAP gross profit up 13% to
$19.4 million
- GAAP operating loss of $2.2
million; non-GAAP operating loss of $2.2 million
Financial Outlook
- Management continues to maintain its expectations of full year
2019 revenues between $106-$110 million,
representing continued double-digit year-over-year growth
- Management maintains its expectation that full year 2019 book
to bill ratio will be above 1
Management Comment
Erez Antebi, President &
CEO of Allot, commented, "We are pleased with our continued
ongoing year-over-year revenue growth and we remain on target with
our strategy and longer-term goals. We have been successful in
signing new significant deals in recent months. Our pipeline
remains strong and we expect to enter next year with significant
backlog that will enable Allot to accelerate revenue growth in
2020."
Third Quarter 2019 Financial Results Summary
Total revenue for the quarter was $27.6 million, an increase of 14% compared with
$24.2 million in the third quarter of
2018.
Gross profit on a GAAP basis for the quarter was
$19.2 million (gross margin of
69.4%), a 14% improvement compared with $16.8 million (gross margin of 69.4%) in the
third quarter of 2018.
Gross profit on a non-GAAP basis for the quarter of was
$19.4 million (gross margin of
70.2%), a 13% improvement compared with $17.1 million (gross margin of 70.7%) in the
third quarter of 2018.
Operating loss on a GAAP basis for the quarter was
$2.2 million, compared with an
operating loss of $2.5 million, in
the third quarter of 2018.
Non-GAAP operating loss for the quarter was $2.2 million, compared with a non-GAAP operating
loss of $1.1 million in the third
quarter of 2018.
Net loss on a GAAP basis for the quarter was $2.1
million, or $0.06 per basic and
diluted share, compared with a net loss of $2.5 million, or $0.07 per basic and diluted share, in the third
quarter of 2018.
Non-GAAP net loss for the quarter was $1.9 million, or $0.05 per basic share, compared with a non-GAAP
net loss of $1.1 million, or
$0.03 per basic share, in the third
quarter of 2018.
Cash and investments as of September 30, 2019 totaled $114.8 million, compared with $101.6 million as of June
30, 2019.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
third quarter 2019 earnings results today, November 5, 2019 at 8:30
am ET, 3:30 pm Israel time.
To access the conference call, please dial one of the following
numbers:
US: 1-888-668-9141, UK: 0-800-917-5108, Israel: +972-3-918-0610
A live webcast and, following the end of the call, an archive of
the conference call, will be accessible on the Allot website at:
http://investors.allot.com/index.cfm
About Allot
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers and enterprises worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot's multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 21 million
subscribers in Europe. Allot. See.
Control. Secure.
For more information, visit www.allot.com
GAAP to Non-GAAP Reconciliation:
Non-GAAP net income is defined as GAAP net income after
excluding stock-based compensation expenses, amortization of
acquisition-related intangible assets, deferred tax asset
adjustment, exchange rate differences related to revaluation of
assets and liabilities denominated in non-dollar currencies and
other acquisition-related expenses.
These non-GAAP measures should be considered in addition to, and
not as a substitute for, comparable GAAP measures. The non-GAAP
results and a full reconciliation between GAAP and non-GAAP results
is provided in the accompanying Table 2. The Company provides these
non-GAAP financial measures because it believes they present a
better measure of the Company's core business and management uses
the non-GAAP measures internally to evaluate the Company's ongoing
performance. Accordingly, the Company believes they are useful to
investors in enhancing an understanding of the Company's operating
performance.
Safe Harbor Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of Company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements set forth in such forward-looking statements.
Important factors that could cause or contribute to such
differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
the timing of completion of key project milestones which impact the
timing of our revenue recognition; lower demand for key value-added
services; our ability to keep pace with advances in technology and
to add new features and value-added services; managing lengthy
sales cycles; operational risks associated with large projects; our
dependence on fourth party channel partners for a material portion
of our revenues; court approval of the Company's proposed share
buy-back program; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed
with the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
TABLE -
1
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
(U.S. dollars in
thousands, except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
Nine Months
Ended
|
|
September
30,
|
|
|
September
30,
|
|
2019
|
|
2018
|
|
|
2019
|
|
2018
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
27,637
|
|
$
24,217
|
|
|
$
79,533
|
|
$
68,952
|
Cost of
revenues
|
8,456
|
|
7,417
|
|
|
24,050
|
|
21,053
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
19,181
|
|
16,800
|
|
|
55,483
|
|
47,899
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
8,091
|
|
6,695
|
|
|
22,898
|
|
18,786
|
Sales and
marketing
|
12,233
|
|
9,880
|
|
|
34,919
|
|
30,095
|
General and
administrative
|
1,096
|
|
2,755
|
|
|
4,724
|
|
7,800
|
Total operating
expenses
|
21,420
|
|
19,330
|
|
|
62,541
|
|
56,681
|
Operating
loss
|
(2,239)
|
|
(2,530)
|
|
|
(7,058)
|
|
(8,782)
|
Financial and other
income, net
|
257
|
|
571
|
|
|
1,360
|
|
1,607
|
Loss before income
tax expenses
|
(1,982)
|
|
(1,959)
|
|
|
(5,698)
|
|
(7,175)
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
129
|
|
536
|
|
|
1,279
|
|
1,424
|
Net Loss
|
(2,111)
|
|
(2,495)
|
|
|
(6,977)
|
|
(8,599)
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.06)
|
|
$
(0.07)
|
|
|
$
(0.20)
|
|
$
(0.26)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.06)
|
|
$
(0.07)
|
|
|
$
(0.20)
|
|
$
(0.26)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing basic net
loss per share
|
34,348,200
|
|
33,761,279
|
|
|
34,183,272
|
|
33,658,485
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing diluted net
loss per share
|
34,348,200
|
|
33,761,279
|
|
|
34,183,272
|
|
33,658,485
|
TABLE -
2
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
RECONCILIATION OF
GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF
OPERATIONS
|
(U.S. dollars in
thousands, except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
|
|
(Unaudited)
|
|
(Unaudited)
|
GAAP cost of
revenues
|
$
8,456
|
|
$
7,417
|
|
$
24,050
|
|
$
21,053
|
Share-based
compensation (1)
|
(67)
|
|
(86)
|
|
(188)
|
|
(256)
|
Amortization of
intangible assets (2)
|
(237)
|
|
(232)
|
|
(701)
|
|
(697)
|
Changes in
taxes and headcount related items (4)
|
75
|
|
-
|
|
75
|
|
-
|
Non-GAAP cost of
revenues
|
$
8,227
|
|
$
7,099
|
|
$
23,236
|
|
$
20,100
|
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
19,181
|
|
$
16,800
|
|
$
55,483
|
|
$
47,899
|
Gross profit
adjustments
|
229
|
|
318
|
|
814
|
|
953
|
Non-GAAP gross
profit
|
$
19,410
|
|
$
17,118
|
|
$
56,297
|
|
$
48,852
|
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
21,420
|
|
$
19,330
|
|
$
62,541
|
|
$
56,681
|
Share-based
compensation (1)
|
(747)
|
|
(658)
|
|
(2,214)
|
|
(1,912)
|
Amortization of
intangible assets (2)
|
(188)
|
|
(175)
|
|
(565)
|
|
(525)
|
Income
(Expenses) related to M&A activities (3)
|
1,198
|
|
(112)
|
|
2,735
|
|
(301)
|
Changes in
taxes and headcount related items (4)
|
(31)
|
|
(210)
|
|
(31)
|
|
(380)
|
Non-GAAP
operating expenses
|
$
21,652
|
|
$
18,175
|
|
$
62,466
|
|
$
53,563
|
|
|
|
|
|
|
|
|
|
GAAP financial
and other income
|
$
257
|
|
$
571
|
|
$
1,360
|
|
$
1,607
|
Expenses
related to M&A activities (3)
|
-
|
|
(7)
|
|
-
|
|
(149)
|
Exchange rate
differences*
|
235
|
|
-
|
|
202
|
|
-
|
Non-GAAP
Financial and other income
|
$
492
|
|
$
564
|
|
$
1,562
|
|
$
1,458
|
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
129
|
|
$
536
|
|
$
1,279
|
|
$
1,424
|
Tax expenses in
respect of net deferred tax asset recorded
|
(16)
|
|
44
|
|
(49)
|
|
7
|
Non-GAAP taxes
on income
|
$
113
|
|
$
580
|
|
$
1,230
|
|
$
1,431
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(2,111)
|
|
$
(2,495)
|
|
$
(6,977)
|
|
$
(8,599)
|
Share-based
compensation (1)
|
814
|
|
744
|
|
2,402
|
|
2,168
|
Amortization of
intangible assets (2)
|
425
|
|
407
|
|
1,266
|
|
1,222
|
Expenses
related to M&A activities (3)
|
(1,198)
|
|
105
|
|
(2,735)
|
|
152
|
Changes in
taxes and headcount related items (4)
|
(44)
|
|
210
|
|
(44)
|
|
380
|
Exchange rate
differences
|
235
|
|
-
|
|
202
|
|
-
|
Tax expenses in
respect of net deferred tax asset recorded
|
16
|
|
(44)
|
|
49
|
|
(7)
|
Non-GAAP Net
Loss
|
$
(1,863)
|
|
$
(1,073)
|
|
$
(5,837)
|
|
$
(4,684)
|
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.06)
|
|
$
(0.07)
|
|
$
(0.20)
|
|
$
(0.26)
|
Share-based
compensation
|
0.02
|
|
0.02
|
|
0.07
|
|
0.07
|
Amortization of
intangible assets
|
0.01
|
|
0.01
|
|
0.03
|
|
0.04
|
Expenses
related to M&A activities
|
(0.03)
|
|
-
|
|
(0.08)
|
|
0.00
|
Changes in
taxes and headcount related items
|
(0.00)
|
|
0.01
|
|
(0.00)
|
|
0.01
|
Exchange rate
differences
|
0.01
|
|
-
|
|
0.01
|
|
-
|
Tax expense in
respect of net deferred tax asset recorded
|
0.00
|
|
(0.00)
|
|
0.00
|
|
-
|
Non-GAAP Net
loss per share (diluted)
|
$
(0.05)
|
|
$
(0.03)
|
|
$
(0.17)
|
|
$
(0.14)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
computing GAAP
diluted net loss per share
|
34,348,200
|
|
33,761,279
|
|
34,183,272
|
|
33,658,485
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
computing non-GAAP
diluted net loss per share
|
34,348,200
|
|
33,761,279
|
|
34,183,272
|
|
33,658,485
|
|
|
|
|
|
|
|
|
|
* Financial income or
expenses related to exchange rate differences in connection with
revaluation of assets and liabilities in non-dollar denominated
currencies.
|
|
|
|
|
|
|
|
|
TABLE - 2
cont.
|
ALLOT
COMMUNICATIONS LTD.
|
AND ITS
SUBSIDIARIES
|
RECONCILIATION OF
GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF
OPERATIONS
|
(U.S. dollars in
thousands, except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
67
|
|
$
86
|
|
$
188
|
|
$
256
|
|
Research and
development costs,
net
|
234
|
|
178
|
|
617
|
|
504
|
|
Sales and
marketing
|
297
|
|
264
|
|
907
|
|
701
|
|
General and
administrative
|
216
|
|
216
|
|
690
|
|
707
|
|
|
$
814
|
|
$
744
|
|
$
2,402
|
|
$
2,168
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
237
|
|
$
232
|
|
$
701
|
|
$
697
|
|
Sales and
marketing
|
188
|
|
175
|
|
565
|
|
525
|
|
|
$
425
|
|
$
407
|
|
$
1,266
|
|
$
1,222
|
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
|
|
General and
administrative
|
$
(1,561)
|
|
$
31
|
|
$
(3,508)
|
|
$
69
|
|
Research and
development costs, net
|
363
|
|
81
|
|
773
|
|
232
|
|
Financial
income
|
-
|
|
(7)
|
|
-
|
|
(149)
|
|
|
$
(1,198)
|
|
$
105
|
|
$
(2,735)
|
|
$
152
|
(4) Changes in
taxes and headcount related items
|
|
|
|
|
|
|
|
|
Sales and
marketing
|
$
16
|
|
$
122
|
|
$
16
|
|
$
222
|
|
Cost of
revenues
|
(75)
|
|
-
|
|
(75)
|
|
-
|
|
General and
administrative
|
15
|
|
88
|
|
15
|
|
158
|
|
|
$
(44)
|
|
$
210
|
|
$
(44)
|
|
$
380
|
|
(*) Excluding
share-based compensation related to the restructuring plan, which
was already included under restructuring expenses.
|
TABLE -
3
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
BALANCE SHEETS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
September
30,
|
|
December
31,
|
|
|
2019
|
|
2018
|
|
|
(Unaudited)
|
|
(Audited)
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
Cash and cash
equivalents
|
|
$
20,809
|
|
$
16,336
|
Restricted
cash
|
|
10,656
|
|
-
|
Short term
deposits
|
|
8,557
|
|
22,543
|
Restricted
deposit
|
|
10,508
|
|
465
|
Marketable
securities
|
|
64,049
|
|
64,290
|
Trade receivables,
net
|
|
20,974
|
|
26,093
|
Other receivables and
prepaid expenses
|
|
5,040
|
|
3,647
|
Inventories
|
|
9,243
|
|
11,345
|
Total current
assets
|
|
149,836
|
|
144,719
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
Restricted
deposit
|
|
257
|
|
257
|
Severance pay
fund
|
|
369
|
|
345
|
Operating lease
right-of-use assets
|
|
6,422
|
|
-
|
Deferred
taxes
|
|
550
|
|
281
|
Other
assets
|
|
766
|
|
600
|
Total long-term
assets
|
|
8,364
|
|
1,483
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
7,976
|
|
6,249
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
35,378
|
|
37,393
|
|
|
|
|
|
Total
assets
|
|
$
201,554
|
|
$
189,844
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
Trade
payables
|
|
$
7,287
|
|
$
7,813
|
Deferred
revenues
|
|
31,615
|
|
13,855
|
Short-term operating
lease liabilities
|
|
2,748
|
|
-
|
Other payables and
accrued expenses
|
|
16,848
|
|
21,052
|
Total current
liabilities
|
|
58,498
|
|
42,720
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Deferred
revenues
|
|
4,247
|
|
-
|
Long-term operating
lease liabilities
|
|
3,821
|
|
4,247
|
Accrued severance
pay
|
|
797
|
|
-
|
Other long term
liabilities
|
|
773
|
|
806
|
Total long-term
liabilities
|
|
9,638
|
|
6,168
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
133,418
|
|
135,903
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
201,554
|
|
$
189,844
|
|
|
|
|
|
TABLE -
4
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
September
30,
|
|
September
30,
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
$
(2,111)
|
|
$
(2,495)
|
|
$
(6,977)
|
|
$
(8,599)
|
Adjustments to
reconcile net income to net cash used in operating
activities:
|
|
|
|
|
|
|
|
Depreciation
|
682
|
|
550
|
|
1,915
|
|
1,603
|
Stock-based
compensation related to options granted to employees
|
814
|
|
744
|
|
2,402
|
|
2,168
|
Amortization of
intangible assets
|
425
|
|
407
|
|
1,266
|
|
1,222
|
Capital
loss
|
-
|
|
-
|
|
-
|
|
39
|
Decrease (Increase)
in accrued severance pay, net
|
17
|
|
8
|
|
(33)
|
|
34
|
Decrease (Increase)
in other assets
|
111
|
|
59
|
|
(166)
|
|
452
|
Decrease in accrued
interest and amortization of premium on marketable
securities
|
95
|
|
197
|
|
336
|
|
612
|
Changes in operating
leases, net
|
(235)
|
|
-
|
|
147
|
|
-
|
Decrease (Increase)
in trade receivables
|
889
|
|
(1,826)
|
|
5,119
|
|
(3,715)
|
Increase in other
receivables and prepaid expenses
|
(315)
|
|
(1,003)
|
|
(689)
|
|
(1,285)
|
Decrease (Increase)
in inventories
|
1,483
|
|
(3,942)
|
|
1,249
|
|
(4,055)
|
Increase in long-term
deferred taxes, net
|
(87)
|
|
(45)
|
|
(269)
|
|
(7)
|
Increase (Decrease)
in trade payables
|
686
|
|
5,826
|
|
(526)
|
|
6,315
|
Increase (Decrease)
in employees and payroll accruals
|
(953)
|
|
105
|
|
587
|
|
(180)
|
Increase in deferred
revenues
|
16,437
|
|
471
|
|
17,760
|
|
2,145
|
Increase (Decrease)
in other payables, accrued expenses and other long term
liabilities
|
(3,474)
|
|
119
|
|
(9,504)
|
|
3,524
|
Net cash provided by
(used in) operating activities
|
14,464
|
|
(825)
|
|
12,617
|
|
273
|
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
Increase in
restricted deposit
|
(10,002)
|
|
(110)
|
|
(10,043)
|
|
(262)
|
Redemption of
(investment in) short-term deposits
|
9,067
|
|
(3,500)
|
|
13,986
|
|
6,600
|
Purchase of property
and equipment
|
(1,313)
|
|
(491)
|
|
(2,790)
|
|
(2,058)
|
Investment in
marketable securities
|
(7,192)
|
|
(7,236)
|
|
(31,796)
|
|
(25,193)
|
Proceeds from
redemption or sale of marketable securities
|
8,813
|
|
7,314
|
|
32,382
|
|
23,727
|
Acquisitions
|
-
|
|
-
|
|
-
|
|
(3,048)
|
Net cash provided by
(used in) investing activities
|
(627)
|
|
(4,023)
|
|
1,739
|
|
(234)
|
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee
stock options
|
111
|
|
201
|
|
773
|
|
343
|
Net cash provided by
financing activities
|
111
|
|
201
|
|
773
|
|
343
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease)
in cash and cash equivalents and restricted cash
|
13,948
|
|
(4,647)
|
|
15,129
|
|
382
|
Cash, cash
equivalents and restricted cash at the beginning of the
period
|
17,517
|
|
20,371
|
|
16,336
|
|
15,342
|
|
|
|
|
|
|
|
|
Cash, cash
equivalents and restricted cash at the end of the period
|
$
31,465
|
|
$
15,724
|
|
$
31,465
|
|
$
15,724
|
|
|
|
|
|
|
|
|
Investor Relations
Contact:
|
Public Relations
Contact:
|
GK Investor
Relations
|
Seth
Greenberg
|
Ehuf Helft/Gavriel
Frohwein
|
Director of Corporate
Communications
|
+1 646 688
3559
|
sgreenberg@allot.com
|
allot@gkir.com
|
|
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SOURCE Allot Ltd.