- Allot press release (NASDAQ:ALLT): Q2 Non-GAAP EPS of -$0.02 beats by $0.02.
- Revenue of $22.2M (-12% Y/Y) misses by $0.1M.
- Security as a Service revenues continued to grow, increasing 54% year-over-year to $3.7 million.
- June 2024 SECaaS ARR was $14.6 million.
- Operating cash flow in the quarter was $1.2 million.
- Cash and cash equivalents, short-term bank deposits, and investments as of June 30, 2024, totaled $53.2 million, an increase of $0.6 million versus $52.6 million at the end of the prior quarter and $54.8 million as of December 31, 2023.
- Financial Outlook: For the second half of 2024, management expects non-GAAP operating profit at around breakeven and the net cash position to not decrease.
- Full year SECaaS revenue and SECaaS ARR are expected to continue experiencing accelerated growth at around 50% year-over-year.
