HOD HASHARON, Israel,
Nov. 9, 2021 /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 unaudited results for the third quarter of
2021, ended September 30, 2021.
Third Quarter 2021 Highlights
- Revenue growth of 10% YoY to
$38.2 million
- Operating profit on a non-GAAP basis of $0.3 million compared to a loss of $1 million in Q3 2020
- Net loss on a non-GAAP basis reduced by 86% YoY to $0.2 million
- Signed Security as a Service deal with DISH in the US to
deliver cybersecurity to their 5G customers
Financial Outlook
Management expects 2021 revenues to be between $145- 146 million and continues to expect to sign
recurring security deals to be closed in 2021 with an
MAR* of at least $180
million.
Management expectations of Security as a Service (SECaaS)
revenues have been delayed due to delays in service launches.
Formerly forecasted SECaaS revenues levels are expected to be
reached with a delay of approximately two quarters. Considering the
above, management is providing the following updates to the SECaaS
revenue guidance:
- For 2021, SECaaS revenues are expected to be between
$4.1-4.3 million.
- SECaaS revenues in 2022 are expected to be between $10-15 million.
- SECaaS revenues for the 12 months between July 2022 and June
2023 are expected to be between $20 - $30
million.
- ARR* in December of 2021 is expected to be between $5–6 million
and in December 2022 between $20–30
million. ARR measures the current annual run rate of the SECaaS
revenues, which is calculated based on these expected revenues in
the current month of December and multiplied by 12.
Management Comment
Erez Antebi, President &
CEO of Allot, commented: "In the third quarter of 2021, we
continued to execute on our plan and grow. This is our
15th straight quarter of year over year growth, and I am
very pleased with the results we achieved. Our DPI business is
showing solid results as we continue to sign up new customers and
grow our market share. In our cybersecurity business, we are
executing on our strategy to revolutionize consumer cybersecurity,
by enabling CSPs to offer consumer cybersecurity as a network
service. To date, we have signed Security as a Service (SECaaS)
deals with 18 different operators globally. This is a testimony
that our service is proving to be highly in demand by both mobile
and fixed operators throughout the world."
Continued Mr. Antebi, "In North America we are seeing
very strong traction. As announced earlier this year, DISH Network
Corporation (NASDAQ: DISH) selected Allot to provide end-to-end
User Plane Protection (UPP) and Deep Packet Inspection (DPI)
services for the company's cloud-native 5G network, and has since
expanded the partnership to include cybersecurity services for DISH
customers. This deal is in addition to previously announced
Security as a Service wins with mobile and fixed line operators in
EMEA and APAC."
"Looking at the Security as a Service network-based
cybersecurity market, I am very encouraged by what we see: our
pipeline is growing and we are seeing more operator interest than
ever; adoption rates of operators that launched the service with
the right go-to-market are high; and the North American market is
very interested in delivering consumers network-based
security. By our count, Allot is winning most of the
"network-based Security as a Service" deals. Our high win
ratio is, in our opinion, because of our high value product,
commercial model, marketing support and track record. I
firmly believe our strategic and financial goals with this
significant growth engine are very tangible and I am confident that
despite the lengthened launch process, we will meet them."
Q3 2021 Financial Results Summary
Total revenues for the third quarter of 2021 were
$38.2 million, an increase of 10%
compared to $34.8 million in the
third quarter of 2020.
Gross profit on a GAAP basis for the third quarter of
2021 was $26.5 million (gross margin
of 69.5%), compared with $23.7
million (gross margin of 68.3%) in the third quarter of
2020.
Gross profit on a non-GAAP basis for the third quarter of
2021 was $26.8 million (gross margin
of 70.4%), compared with $24 million
(gross margin of 69%) in the third quarter of 2020.
Net loss on a GAAP basis for the third quarter of 2021
was $3.1 million, or $0.08 loss per basic share, compared with a net
loss of $2.4 million, or $0.07 loss per basic share, in the third quarter
of 2020.
Net loss on a non-GAAP basis for the third quarter of
2021 was $0.2 million, or
$0.00 loss per basic share compared
with a non-GAAP net loss of $1.2
million, or $0.03 loss per
basic share, in the third quarter of 2020.
Cash and investments as of September 30, 2021 totaled $99.2 million, compared with $99.4 million, as of December 31, 2020.
Conference Call & Webcast
The Allot management team will host a conference call to discuss
the third quarter results today, November 9,
2021 at 8:30 am ET,
3:30 pm Israel time.
To access the conference call, please dial one of the following
numbers:
US: 1-888-668-5032, Israel: +972-3-918-0609, UK: 0 800 917
5108
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 20 million
subscribers globally.
Allot. See. Control. Secure.
For more information, visit www.allot.com
*MAR (maximum annual revenue potential of concluded
transactions) was estimated by Allot upon transaction signature and
constitutes an approximation of the theoretical annual revenues
Allot would receive if 100% of the customer's subscribers, as
estimated by Allot, signed up for the service.
*ARR: annual recurring SECaaS revenues, calculated based on
revenues expected in the current month and multiplied by 12;
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.
Investor Relations
Contact:
GK Investor
Relations
Ehud Helft
+1 212 378
8040
allot@gkir.com
|
Public Relations
Contact:
Seth Greenberg, Allot
Ltd.
+972 54 922 2294
sgreenberg@allot.com
|
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,
|
|
2021
|
|
2020
|
|
|
2021
|
|
2020
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
38,155
|
|
$
34,752
|
|
|
$
104,626
|
|
$
96,831
|
Cost of
revenues
|
11,624
|
|
11,007
|
|
|
32,037
|
|
28,455
|
Gross
profit
|
26,531
|
|
23,745
|
|
|
72,589
|
|
68,376
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
12,148
|
|
11,741
|
|
|
34,088
|
|
30,836
|
Sales and
marketing
|
12,901
|
|
11,439
|
|
|
37,312
|
|
34,741
|
General and
administrative
|
3,720
|
|
3,076
|
|
|
11,000
|
|
10,671
|
Total operating
expenses
|
28,769
|
|
26,256
|
|
|
82,400
|
|
76,248
|
Operating
loss
|
(2,238)
|
|
(2,511)
|
|
|
(9,811)
|
|
(7,872)
|
Financial and other
income, net
|
(146)
|
|
646
|
|
|
163
|
|
1,514
|
Loss before income
tax expenses
|
(2,384)
|
|
(1,865)
|
|
|
(9,648)
|
|
(6,358)
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
689
|
|
528
|
|
|
1,362
|
|
1,309
|
Net Loss
|
(3,073)
|
|
(2,393)
|
|
|
(11,010)
|
|
(7,667)
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.08)
|
|
$
(0.07)
|
|
|
$
(0.31)
|
|
$
(0.22)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.08)
|
|
$
(0.07)
|
|
|
$
(0.31)
|
|
$
(0.22)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing basic net
loss per share
|
36,286,436
|
|
35,163,221
|
|
|
35,923,853
|
|
34,903,109
|
Weighted average number of shares used in
computing diluted net
loss per share
|
36,286,436
|
|
35,163,221
|
|
|
35,923,853
|
|
34,903,109
|
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,
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
(Unaudited)
|
|
(Unaudited)
|
GAAP cost of
revenues
|
$
11,624
|
|
$
11,007
|
|
$
32,037
|
|
$
28,455
|
Share-based
compensation (1)
|
(161)
|
|
(89)
|
|
(444)
|
|
(242)
|
Amortization of
intangible assets (2)
|
(152)
|
|
(152)
|
|
(456)
|
|
(456)
|
Non-GAAP cost of
revenues
|
$
11,311
|
|
$
10,766
|
|
$
31,137
|
|
$
27,757
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
26,531
|
|
$
23,745
|
|
$
72,589
|
|
$
68,376
|
Gross profit
adjustments
|
313
|
|
241
|
|
900
|
|
698
|
Non-GAAP gross
profit
|
$
26,844
|
|
$
23,986
|
|
$
73,489
|
|
$
69,074
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
28,769
|
|
$
26,256
|
|
$
82,400
|
|
$
76,248
|
Share-based
compensation (1)
|
(2,248)
|
|
(1,177)
|
|
(5,670)
|
|
(3,180)
|
Income related
to M&A activities (3)
|
-
|
|
(48)
|
|
-
|
|
(82)
|
Non-GAAP
operating expenses
|
$
26,521
|
|
$
25,031
|
|
$
76,730
|
|
$
72,986
|
|
|
|
|
|
|
|
|
GAAP financial
and other income
|
$
(146)
|
|
$
646
|
|
$
163
|
|
$
1,514
|
Exchange rate
differences*
|
352
|
|
(370)
|
|
442
|
|
(468)
|
Non-GAAP
Financial and other income
|
$
206
|
|
$
276
|
|
$
605
|
|
$
1,046
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
689
|
|
$
528
|
|
$
1,362
|
|
$
1,309
|
Tax expenses in
respect of net deferred tax asset recorded
|
5
|
|
(112)
|
|
(164)
|
|
(187)
|
Non-GAAP taxes
on income
|
$
694
|
|
$
416
|
|
$
1,198
|
|
$
1,122
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(3,073)
|
|
$
(2,393)
|
|
$
(11,010)
|
|
$
(7,667)
|
Share-based
compensation (1)
|
2,409
|
|
1,266
|
|
6,114
|
|
3,422
|
Amortization of
intangible assets (2)
|
152
|
|
152
|
|
456
|
|
456
|
Income related
to M&A activities (3)
|
-
|
|
48
|
|
-
|
|
82
|
Exchange rate
differences*
|
352
|
|
(370)
|
|
442
|
|
(468)
|
Tax expenses in
respect of net deferred tax asset recorded
|
(5)
|
|
112
|
|
164
|
|
187
|
Non-GAAP Net
loss
|
$
(165)
|
|
$
(1,185)
|
|
$
(3,834)
|
|
$
(3,988)
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.08)
|
|
$
(0.07)
|
|
$
(0.31)
|
|
$
(0.22)
|
Share-based
compensation
|
0.07
|
|
0.04
|
|
0.17
|
|
0.10
|
Amortization of
intangible assets
|
0.00
|
|
0.00
|
|
0.02
|
|
0.01
|
Income related
to M&A activities
|
-
|
|
0.01
|
|
-
|
|
0.01
|
Exchange rate
differences*
|
0.01
|
|
(0.01)
|
|
0.01
|
|
(0.01)
|
Tax expense in
respect of net deferred tax asset recorded
|
(0.00)
|
|
-
|
|
-
|
|
-
|
Non-GAAP Net
loss per share (diluted)
|
$
(0.00)
|
|
$
(0.03)
|
|
$
(0.11)
|
|
$
(0.11)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
computing GAAP
diluted net loss per share
|
36,286,436
|
|
35,163,221
|
|
35,923,853
|
|
34,903,109
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
computing non-GAAP
diluted net loss per share
|
36,286,436
|
|
35,163,221
|
|
35,923,853
|
|
34,903,109
|
|
|
|
|
|
|
|
|
* 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
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,
|
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
161
|
|
$
89
|
|
$
444
|
|
$
242
|
|
Research and
development costs, net
|
759
|
|
353
|
|
1,853
|
|
956
|
|
Sales and
marketing
|
960
|
|
551
|
|
2,472
|
|
1,462
|
|
General and
administrative
|
529
|
|
273
|
|
1,345
|
|
762
|
|
|
$
2,409
|
|
$
1,266
|
|
$
6,114
|
|
$
3,422
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
152
|
|
$
152
|
|
$
456
|
|
$
456
|
|
|
$
152
|
|
$
152
|
|
$
456
|
|
$
456
|
|
|
|
|
|
|
|
|
|
(3) Income
related to M&A activities
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
$
-
|
|
$
48
|
|
-
|
|
82
|
|
|
$
-
|
|
$
48
|
|
$
-
|
|
$
82
|
TABLE -
3
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
BALANCE SHEETS
|
(U.S. dollars in
thousands)
|
|
|
|
September
30,
|
|
December
31,
|
|
|
2021
|
|
2020
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
Cash and cash
equivalents
|
|
$
5,659
|
|
$
23,599
|
Short-term bank
deposits
|
|
74,925
|
|
47,225
|
Restricted
deposits
|
|
1,600
|
|
1,200
|
Available-for-sale
marketable securities
|
|
16,813
|
|
27,178
|
Trade receivables,
net
|
|
31,222
|
|
20,685
|
Other receivables and
prepaid expenses
|
|
8,743
|
|
14,205
|
Inventories
|
|
8,898
|
|
12,586
|
Total current
assets
|
|
147,860
|
|
146,678
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
Long-term bank
deposits
|
|
215
|
|
215
|
Severance pay
fund
|
|
474
|
|
434
|
Operating lease
right-of-use assets
|
|
2,699
|
|
4,458
|
Deferred
taxes
|
|
255
|
|
420
|
Other
assets
|
|
1,501
|
|
2,975
|
Total long-term
assets
|
|
5,144
|
|
8,502
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
13,205
|
|
11,993
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
35,373
|
|
34,427
|
|
|
|
|
|
Total
assets
|
|
$
201,582
|
|
$
201,600
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS'
EQUITY
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
Trade
payables
|
|
$
1,388
|
|
$
2,092
|
Deferred
revenues
|
|
28,907
|
|
26,658
|
Short-term operating
lease liabilities
|
|
1,663
|
|
2,813
|
Other payables and
accrued expenses
|
|
21,889
|
|
27,299
|
Total current
liabilities
|
|
53,847
|
|
58,862
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Deferred
revenues
|
|
18,857
|
|
9,782
|
Long-term operating
lease liabilities
|
|
859
|
|
1,835
|
Accrued severance
pay
|
|
965
|
|
969
|
Total long-term
liabilities
|
|
20,681
|
|
12,586
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
127,054
|
|
130,152
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
201,582
|
|
$
201,600
|
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,
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
$
(3,073)
|
|
$
(2,393)
|
|
$
(11,010)
|
|
$
(7,667)
|
Adjustments to
reconcile net income to net cash provided by (used in) operating
activities:
|
|
|
|
|
|
|
Depreciation
|
1,151
|
|
978
|
|
3,380
|
|
2,663
|
Stock-based
compensation
|
2,409
|
|
1,266
|
|
6,114
|
|
3,422
|
Amortization of
intangible assets
|
235
|
|
152
|
|
706
|
|
456
|
Increase (Decrease)
in accrued severance pay, net
|
16
|
|
36
|
|
(44)
|
|
36
|
Decrease in other
assets
|
103
|
|
108
|
|
1,144
|
|
267
|
Decrease in accrued
interest and amortization of premium on marketable
securities
|
58
|
|
118
|
|
165
|
|
346
|
Changes in operating
leases, net
|
344
|
|
(444)
|
|
(367)
|
|
(611)
|
Decrease (Increase)
in trade receivables
|
(281)
|
|
2,579
|
|
(10,537)
|
|
10,063
|
Decrease (Increase)
in other receivables and prepaid expenses
|
183
|
|
(227)
|
|
3,705
|
|
(1,146)
|
Decrease
(Increase) in inventories
|
399
|
|
1,730
|
|
3,688
|
|
(4,868)
|
Decrease (Increase)
in long-term deferred taxes, net
|
(10)
|
|
68
|
|
165
|
|
172
|
Increase (Decrease)
in trade payables
|
(168)
|
|
3,423
|
|
(704)
|
|
(777)
|
Decrease in employees
and payroll accruals
|
(1,450)
|
|
(47)
|
|
(2,073)
|
|
(348)
|
Increase (Decrease)
in deferred revenues
|
(5,288)
|
|
(7,940)
|
|
11,324
|
|
(9,397)
|
Increase (Decrease)
in other payables, accrued expenses and other long term
liabilities
|
(133)
|
|
453
|
|
(3,497)
|
|
970
|
Net cash provided by
(used in) operating activities
|
(5,505)
|
|
(140)
|
|
2,159
|
|
(6,419)
|
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
Decrease (Increase)
in restricted deposit
|
2,474
|
|
21,875
|
|
(400)
|
|
32,377
|
Investment in
short-term deposits
|
(3,500)
|
|
(40,376)
|
|
(27,700)
|
|
(49,819)
|
Purchase of property
and equipment
|
(962)
|
|
(1,851)
|
|
(4,591)
|
|
(5,547)
|
Investment in
available-for sale marketable securities
|
-
|
|
-
|
|
-
|
|
(375)
|
Proceeds from sales
and maturity of available-for sale marketable securities
|
2,353
|
|
7,918
|
|
9,932
|
|
29,364
|
Net cash provided by
(used in) investing activities
|
365
|
|
(12,434)
|
|
(22,759)
|
|
6,000
|
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from
exercise of stock options
|
193
|
|
223
|
|
2,660
|
|
1,680
|
Net cash provided by
financing activities
|
193
|
|
223
|
|
2,660
|
|
1,680
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease)
in cash and cash equivalents
|
(4,947)
|
|
(12,351)
|
|
(17,940)
|
|
1,261
|
Cash and cash
equivalents at the beginning of the period
|
10,606
|
|
30,542
|
|
23,599
|
|
16,930
|
Cash and cash
equivalents at the end of the period
|
$
5,659
|
|
$
18,191
|
|
$
5,659
|
|
$
18,191
|
Other financial
metrics (Unaudited)
|
|
|
|
|
|
|
U.S. dollars in
millions, except number of full time employees, % of top-10
end-
customers out of revenues and number of shares
|
|
|
|
|
|
|
|
Q3-2021
|
|
YTD
2021
|
|
FY
2020
|
|
Revenues
geographic breakdown
|
|
|
|
|
|
|
|
Americas
|
|
1.9
|
5%
|
9.6
|
9%
|
8.1
|
6%
|
|
EMEA
|
|
23.7
|
62%
|
65.6
|
63%
|
104.3
|
77%
|
|
Asia
Pacific
|
|
12.6
|
33%
|
29.4
|
28%
|
23.5
|
17%
|
|
|
|
38.2
|
100%
|
104.6
|
100%
|
135.9
|
100%
|
|
|
|
|
|
|
|
|
|
Breakdown between
products & services revenues
|
|
|
|
|
|
|
|
Products
|
|
24.1
|
63%
|
64.9
|
62%
|
92.5
|
68%
|
|
Professional
Services
|
4.5
|
12%
|
12.0
|
12%
|
13.3
|
10%
|
|
Support &
Maintenance
|
9.6
|
25%
|
27.7
|
26%
|
30.1
|
22%
|
|
|
|
38.2
|
100%
|
104.6
|
100%
|
135.9
|
100%
|
|
|
|
|
|
|
|
|
|
Revenues per
customer type
|
|
|
|
|
|
|
|
CSP
|
|
31.6
|
83%
|
82.5
|
79%
|
114.8
|
84%
|
|
Enterprise
|
|
6.6
|
17%
|
22.1
|
21%
|
21.1
|
16%
|
|
|
|
38.2
|
100%
|
104.6
|
100%
|
135.9
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of top-10
end-customers out of revenues
|
60%
|
|
49%
|
|
71%
|
|
|
|
|
|
|
|
|
|
|
Total number of full
time employees
|
735
|
|
735
|
|
676
|
|
(end of
period)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of basic shares (in millions)
|
36.3
|
|
35.9
|
|
35.0
|
|
|
|
|
|
|
|
|
Non-GAAP weighted
average number of fully diluted
shares (in millions)
|
38.6
|
|
38.3
|
|
37.2
|
|
SECaaS (Security
as a Service) revenues- U.S. dollars in millions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Q3-2021: 1.2
|
|
|
|
|
|
|
|
|
Q2-2021: 0.9
|
|
|
|
|
|
|
|
|
Q1-2021: 0.8
|
|
|
|
|
|
|
|
|
Q4-2020: 0.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ARR * (annual
recurring revenues)- U.S. dollars in millions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sep.
2021: 4.6
|
|
|
|
|
|
|
|
|
Dec.
2020: 2.7
|
|
|
|
|
|
|
|
|
Dec.
2019: 0.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*ARR: annual
recurring SECaas revenues, calculated based on the monthly revenues
multiplied by 12
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/allot-announces-third-quarter-2021-financial-results-301419426.html
SOURCE Allot Ltd.