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Allot reports mixed Q4 earnings; initiates FY23 and reaffirms FY24 outlook

Feb. 28, 2023 5:03 AM ETAllot Ltd. (ALLT) StockBy: Meghavi Singh, SA News Editor5 Comments
  • Allot press release (NASDAQ:ALLT): Q4 Non-GAAP EPS of -$0.13 beats by $0.03.
  • Revenue of $33M (-19.5% Y/Y) misses by $0.54M.
  • Looking ahead, management current expectations are as follows: Full year 2023 revenues of $110 million to $120 million (of which SECaaS revenue are expected to be between $11 million and $13 million) vs. consensus of $134.35M.
  • Fully year 2023 operating loss and net negative cash flow of between $15 million and $20 million.
  • December 2023 total ARR, including SECaaS ARR and Support & Maintenance ARR, is expected to be between $56 and 63 million.
  • Reiterates expectations to be profitable in 2024.

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