2023-05-16 05:16:38 ET
- Allot press release ( NASDAQ: ALLT ): Q1 Non-GAAP EPS of $0.10.
- Revenue of $21.1M.
- SECaaS revenues were $2.3 million; March 2023 SECaaS ARR* was $9.3 million;
- First quarter GAAP operating loss was $11.9 million, and non-GAAP operating loss was $8.2 million;
- Q1 GAAP net loss was $11.4 million, and non-GAAP net loss was $7.7 million.
- Outlook: Full year 2023 revenues of $110 million to $120 million (of which SECaaS revenues are expected to be between $11 million and $13 million); Full 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 million and $63 million;Reiterates expectations to be profitable in 2024;
For further details see:
Allot Non-GAAP EPS of $0.10, revenue of $21.1M