HOD HASHARON, Israel,
Aug. 7, 2018 /PRNewswire/ -- Allot
Communications Ltd. (NASDAQ: ALLT) (TASE: ALLT), a global
provider of leading innovative network intelligence and security
solutions for service providers worldwide, today announced its
second quarter 2018 financial results.
Q2 2018 – Financial Highlights
- Revenues were $23.0 million, up
18% year-over-year;
- GAAP gross margin improved to 70.8% up from 65.8% in Q2
2017;
- Non-GAAP gross margin was 72.2% up from 67.6%in Q2 2017;
- GAAP operating loss narrowed to $2.8
million compared to $3.8
million in Q2 2017;
- Non-GAAP operating loss narrowed to $1.3
million compared to $2.4
million in Q2 2017;
- Book-to-bill was above one for the sixth consecutive
quarter;
- Cash and cash equivalents increased to $105.9 million;
Financial Outlook
- Management continues to expect 2018 revenues to grow to between
$91 - 95 million, with revenues
trending toward the upper half of the range;
- 2018 Book to Bill is expected at above 1;
Management Comment
Erez Antebi, President &
CEO of Allot, commented:
"I am very pleased with our progress as demonstrated through our
second quarter results, which represent another quarter of growth
and improvement in margins. We are investing additional resources
in pursuing and capturing the increasing growth opportunities we
see in our end markets. We expect these investments to continue to
bring us growth.
"Much of our growth in the first half of the year came from
actionable intelligence use cases and we are pleased with our
improvements in this market segment. Furthermore, we are very
encouraged by the market traction we are seeing for our security
solutions. We expect to announce soon a new unified security
deal for Telefonica Spain. We look forward to close additional
security deals over the quarters and years
ahead."
Q2 2018 Financial Results Summary
Total revenues for the second quarter of 2018 were
$23.0 million, up 18% compared to
$19.5 million in the second quarter
of 2017.
Gross profit on a GAAP basis for the second quarter of
2018 was $16.3 million (gross margin
of 70.8%), a 27% improvement compared with $12.8 million (gross margin of 65.8%) in the
second quarter of 2017.
Gross profit on a non-GAAP basis for the second quarter
of 2018 was $16.6 million (gross
margin of 72.2%), a 26% improvement compared with $13.2 million (gross margin of 67.6%) in the
second quarter of 2017. The higher level of gross margin represents
a favorable sales mix in the quarter.
Net loss on a GAAP basis for the second quarter of 2018
was $2.4 million, or $0.07 per basic share, an improvement compared
with a net loss of $4.0 million, or
$0.12 per basic share, in the second
quarter of 2017.
Non-GAAP net loss for the second quarter of 2018 was
$1.2 million, or $0.04 per basic share, an improvement compared
with a non-GAAP net loss of $2.3
million, or $0.07 per basic
share, in the second quarter of 2017.
Cash and investments as of June
30, 2018 totaled $105.9
million, compared to $104.7
million in March 31, 2018.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
second quarter 2018 earnings results today, August 7, 2018 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: +44(0) 800-917-5108, Israel: +972-3-918-0609.
A live webcast and, following the end of the call, an archive of
the conference call, will be accessible on the Allot Communications
website at: http://investors.allot.com/index.cfm
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a provider of
leading innovative network intelligence and security solutions for
service providers 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 in Europe. Allot. See.
Control. Secure. For more information, visit www.allot.com
GAAP to Non-GAAP Reconciliation:
The difference between GAAP and non-GAAP revenues is related to
the acquisitions made by the Company and represents revenues
adjusted for the impact of the fair value adjustment to acquired
deferred revenue related to purchase accounting. Non-GAAP net
income is defined as GAAP net income after including deferred
revenues related to the fair value adjustment resulting from
purchase accounting and excluding stock-based compensation
expenses, amortization of acquisition-related intangible assets,
deferred tax asset adjustment, restructuring expenses, changes in
taxes related items 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 third 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
COMMUNICATIONS LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
(U.S. dollars in
thousands, except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
Six Months
Ended
|
|
June
30,
|
|
|
June
30,
|
|
2018
|
|
2017
|
|
|
2018
|
|
2017
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
23,003
|
|
$
19,502
|
|
|
$
44,735
|
|
$
37,937
|
Cost of
revenues
|
6,712
|
|
6,662
|
|
|
13,636
|
|
12,980
|
Gross
profit
|
16,291
|
|
12,840
|
|
|
31,099
|
|
24,957
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
6,298
|
|
5,364
|
|
|
12,091
|
|
10,897
|
Sales and
marketing
|
10,182
|
|
8,747
|
|
|
20,215
|
|
17,727
|
General and
administrative
|
2,579
|
|
2,519
|
|
|
5,045
|
|
5,060
|
Total operating
expenses
|
19,059
|
|
16,630
|
|
|
37,351
|
|
33,684
|
Operating
loss
|
(2,768)
|
|
(3,790)
|
|
|
(6,252)
|
|
(8,727)
|
Financial and other
income, net
|
806
|
|
112
|
|
|
1,036
|
|
474
|
Loss before income
tax expenses
|
(1,962)
|
|
(3,678)
|
|
|
(5,216)
|
|
(8,253)
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
455
|
|
352
|
|
|
887
|
|
854
|
Net Loss
|
(2,417)
|
|
(4,030)
|
|
|
(6,103)
|
|
(9,107)
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.07)
|
|
$
(0.12)
|
|
|
$
(0.18)
|
|
$
(0.27)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.07)
|
|
$
(0.12)
|
|
|
$
(0.18)
|
|
$
(0.27)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing basic net
loss per share
|
33,655,940
|
|
33,200,982
|
|
|
33,606,236
|
|
33,146,715
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing diluted net
loss per share
|
33,655,940
|
|
33,200,982
|
|
|
33,606,236
|
|
33,146,715
|
|
|
|
|
|
|
|
|
|
TABLE -
2
|
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
|
|
Six Months
Ended
|
|
|
June
30,
|
|
June
30,
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
GAAP
Revenues
|
$
23,003
|
|
$
19,502
|
|
$
44,735
|
|
$
37,937
|
Fair value
adjustment for acquired deferred revenues write
down
|
-
|
|
13
|
|
-
|
|
37
|
Non-GAAP
Revenues
|
$
23,003
|
|
$
19,515
|
|
$
44,735
|
|
$
37,974
|
|
|
|
|
|
|
|
|
|
GAAP cost of
revenues
|
$
6,712
|
|
$
6,662
|
|
$
13,636
|
|
$
12,980
|
Share-based
compensation (1)
|
(90)
|
|
(96)
|
|
(170)
|
|
(192)
|
Amortization of
intangible assets (2)
|
(232)
|
|
(242)
|
|
(465)
|
|
(474)
|
Non-GAAP cost of
revenues
|
$
6,390
|
|
$
6,324
|
|
$
13,001
|
|
$
12,314
|
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
16,291
|
|
$
12,840
|
|
$
31,099
|
|
$
24,957
|
Gross profit
adjustments
|
$
322
|
|
351
|
|
635
|
|
703
|
Non-GAAP gross
profit
|
$
16,613
|
|
$
13,191
|
|
$
31,734
|
|
$
25,660
|
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
19,059
|
|
$
16,630
|
|
$
37,351
|
|
$
33,684
|
Share-based
compensation (1)
|
(630)
|
|
(870)
|
|
(1,254)
|
|
(1,618)
|
Amortization of
intangible assets (2)
|
(175)
|
|
(135)
|
|
(350)
|
|
(269)
|
Expenses
related to M&A activities (3)
|
(151)
|
|
-
|
|
(189)
|
|
(89)
|
Changes in tax
related items (4)
|
(170)
|
|
-
|
|
(170)
|
|
-
|
Non-GAAP
operating expenses
|
$
17,933
|
|
$
15,625
|
|
$
35,388
|
|
$
31,708
|
|
|
|
|
|
|
|
|
|
GAAP financial
and other income
|
$
806
|
|
$
112
|
|
$
1,036
|
|
$
474
|
Expenses
related to M&A activities (3)
|
(292)
|
|
306
|
|
(142)
|
|
379
|
Non-GAAP
Financial and other income
|
$
514
|
|
$
418
|
|
$
894
|
|
$
853
|
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
455
|
|
$
352
|
|
$
887
|
|
$
854
|
Tax expenses
(in respect of net deferred tax asset recorded)
|
(19)
|
|
(64)
|
|
(38)
|
|
(130)
|
Non-GAAP taxes
on income
|
$
436
|
|
$
288
|
|
$
849
|
|
$
724
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(2,417)
|
|
$
(4,030)
|
|
$
(6,103)
|
|
$
(9,107)
|
Share-based
compensation (1)
|
720
|
|
966
|
|
1,424
|
|
1,810
|
Amortization of
intangible assets (2)
|
407
|
|
377
|
|
815
|
|
743
|
Expenses
related to M&A activities (3)
|
(141)
|
|
306
|
|
47
|
|
468
|
Changes in tax
related items (4)
|
170
|
|
-
|
|
170
|
|
-
|
Fair value
adjustment for acquired deferred revenues write
down
|
-
|
|
13
|
|
-
|
|
37
|
Tax expenses in
respect of net deferred tax asset recorded
|
19
|
|
64
|
|
38
|
|
130
|
Non-GAAP Net
income (Loss)
|
$
(1,242)
|
|
$
(2,304)
|
|
$
(3,609)
|
|
$
(5,919)
|
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.07)
|
|
$
(0.12)
|
|
$
(0.18)
|
|
$
(0.27)
|
Share-based
compensation
|
0.02
|
|
0.03
|
|
0.04
|
|
0.05
|
Amortization of
intangible assets
|
0.01
|
|
0.01
|
|
0.02
|
|
0.02
|
Expenses
related to M&A activities
|
(0.01)
|
|
0.01
|
|
0.00
|
|
0.01
|
Fair value
adjustment for acquired deferred revenues write
down
|
-
|
|
0.00
|
|
-
|
|
0.00
|
Changes in
taxes and headcount related items
|
0.01
|
|
0.00
|
|
0.01
|
|
0.00
|
Tax benefit (in
respect of net deferred tax asset recorded)
|
0.00
|
|
0.00
|
|
-
|
|
0.01
|
Non-GAAP Net
loss per share (diluted)
|
(0.04)
|
|
$
(0.07)
|
|
$
(0.11)
|
|
$
(0.18)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
computing GAAP
diluted net loss per share
|
33,655,940
|
|
33,200,982
|
|
33,606,236
|
|
33,146,715
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
computing non-GAAP
diluted net loss per share
|
33,655,940
|
|
33,200,982
|
|
33,606,236
|
|
33,146,715
|
|
|
|
|
|
|
|
|
|
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
|
|
Six Months
Ended
|
|
|
March
31,
|
|
June
30,
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
90
|
|
$
96
|
|
$
170
|
|
$
192
|
|
Research and
development costs, net
|
171
|
|
217
|
|
326
|
|
446
|
|
Sales and
marketing
|
215
|
|
246
|
|
437
|
|
487
|
|
General and
administrative
|
244
|
|
407
|
|
491
|
|
685
|
|
|
$
720
|
|
$
966
|
|
$
1,424
|
|
$
1,810
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
232
|
|
$
242
|
|
$
465
|
|
$
474
|
|
Sales and
marketing
|
175
|
|
135
|
|
350
|
|
269
|
|
|
$
407
|
|
$
377
|
|
$
815
|
|
$
743
|
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
|
|
General and
administrative
|
$
-
|
|
$
-
|
|
$
38
|
|
$
89
|
|
Research and
development costs, net
|
151
|
|
-
|
|
151
|
|
-
|
|
Financial expenses
(income)
|
(292)
|
|
306
|
|
(142)
|
|
379
|
|
|
$
(141)
|
|
$
306
|
|
$
47
|
|
$
468
|
|
|
|
|
|
|
|
|
|
(4) Changes in
tax related items
|
|
|
|
|
|
|
|
|
Sales and
marketing
|
$
100
|
|
$
-
|
|
$
100
|
|
$
-
|
|
General and
administrative
|
70
|
|
-
|
|
70
|
|
-
|
|
|
$
170
|
|
$
-
|
|
$
170
|
|
$
-
|
|
|
|
|
|
|
|
|
|
TABLE -
3
|
ALLOT
COMMUNICATIONS LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
BALANCE SHEETS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
June
30,
|
|
December
31,
|
|
|
2018
|
|
2017
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
Cash and cash
equivalents
|
|
$
20,371
|
|
$
15,342
|
Short term
deposits
|
|
20,943
|
|
31,043
|
Restricted
deposit
|
|
580
|
|
428
|
Marketable
securities
|
|
64,037
|
|
63,194
|
Trade receivables,
net
|
|
24,626
|
|
22,737
|
Other receivables and
prepaid expenses
|
|
2,772
|
|
2,649
|
Inventories
|
|
8,010
|
|
7,897
|
Total current
assets
|
|
141,339
|
|
143,290
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
Severance pay
fund
|
|
298
|
|
302
|
Deferred
taxes
|
|
263
|
|
301
|
Other
assets
|
|
742
|
|
1,135
|
Total long-term
assets
|
|
1,303
|
|
1,738
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
5,482
|
|
5,002
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
38,208
|
|
34,495
|
|
|
|
|
|
Total
assets
|
|
$
186,332
|
|
$
184,525
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
Trade
payables
|
|
$
6,357
|
|
$
5,857
|
Deferred
revenues
|
|
11,828
|
|
11,370
|
Other payables and
accrued expenses
|
|
19,479
|
|
14,277
|
Total current
liabilities
|
|
37,664
|
|
31,504
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Deferred
revenues
|
|
4,382
|
|
3,878
|
Accrued severance
pay
|
|
769
|
|
747
|
Other long term
liabilities
|
|
5,236
|
|
5,267
|
Total long-term
liabilities
|
|
10,387
|
|
9,892
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
138,281
|
|
143,129
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
186,332
|
|
$
184,525
|
|
|
|
|
|
|
|
-
|
|
-
|
|
|
|
|
|
TABLE -
4
|
ALLOT
COMMUNICATIONS LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June
30,
|
June
30,
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
$
(2,417)
|
|
$
(4,030)
|
|
$
(6,103)
|
|
$
(9,107)
|
Adjustments to
reconcile net income to net cash used in operating
activities:
|
|
|
|
|
|
|
|
Depreciation
|
555
|
|
535
|
|
1,053
|
|
1,065
|
Stock-based
compensation related to options granted to employees
|
720
|
|
966
|
|
1,424
|
|
1,809
|
Amortization of
intangible assets
|
407
|
|
376
|
|
815
|
|
743
|
Capital
loss
|
36
|
|
3
|
|
39
|
|
7
|
Decrease (Increase)
in accrued severance pay, net
|
(7)
|
|
56
|
|
26
|
|
84
|
Decrease (Increase)
in other assets
|
(395)
|
|
258
|
|
393
|
|
566
|
Decrease in accrued
interest and amortization of premium on marketable
securities
|
169
|
|
376
|
|
415
|
|
502
|
Decrease in trade
receivables
|
(2,635)
|
|
(1,469)
|
|
(1,889)
|
|
(209)
|
Decrease (Increase)
in other receivables and prepaid expenses
|
1,597
|
|
1,028
|
|
(282)
|
|
406
|
Decrease (Increase)
in inventories
|
164
|
|
(2,087)
|
|
(113)
|
|
(2,849)
|
Decrease in long-term
deferred taxes, net
|
19
|
|
67
|
|
38
|
|
134
|
Increase (Decrease)
in trade payables
|
(113)
|
|
4,287
|
|
489
|
|
6,136
|
Increase (Decrease)
in employees and payroll accruals
|
214
|
|
340
|
|
(285)
|
|
616
|
Increase (Decrease)
in deferred revenues
|
943
|
|
(108)
|
|
1,674
|
|
(961)
|
Increase in other
payables and accrued expenses
|
2,920
|
|
269
|
|
3,405
|
|
760
|
|
|
|
|
|
|
|
|
Net cash provided by
(used in) operating activities
|
2,177
|
|
867
|
|
1,099
|
|
(298)
|
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
Increase in
restricted deposit
|
(352)
|
|
-
|
|
(152)
|
|
-
|
Redemption of
(Investment in) short-term deposits
|
(4,000)
|
|
4,805
|
|
10,100
|
|
5,278
|
Purchase of property
and equipment
|
(874)
|
|
(949)
|
|
(1,568)
|
|
(1,760)
|
Investment in
marketable securities
|
(10,896)
|
|
(8,950)
|
|
(17,957)
|
|
(15,538)
|
Proceeds from
redemption or sale of marketable securities
|
11,422
|
|
7,662
|
|
16,413
|
|
12,411
|
Acquisitions
|
-
|
|
-
|
|
(3,048)
|
|
-
|
Net cash provided by
(used in) investing activities
|
(4,700)
|
|
2,568
|
|
3,788
|
|
391
|
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee
stock options
|
59
|
|
17
|
|
142
|
|
41
|
|
|
|
|
|
|
|
|
Net cash provided by
financing activities
|
59
|
|
17
|
|
142
|
|
41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease)
in cash and cash equivalents
|
(2,464)
|
|
3,452
|
|
5,029
|
|
134
|
Cash and cash
equivalents at the beginning of the period
|
22,835
|
|
20,008
|
|
15,342
|
|
23,326
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
20,371
|
|
$
23,460
|
|
$
20,371
|
|
$
23,460
|
|
|
|
|
|
|
|
|
Investor Relations
Contact:
|
Public Relations
Contact:
|
GK Investor
Relations
|
Vered
Zur
|
Ehud Helft/Gavriel
Frohwein
|
VP
Marketing
|
+1-646-688-3559
|
vzur@allot.com
|
allot@gkir.com
|
|
View original
content:http://www.prnewswire.com/news-releases/allot-announces-second-quarter-2018-financial-results-300693035.html
SOURCE Allot Communications Ltd.