Allot Communications (ALLT) Reports Q3 Results

Allot Communications Ltd. (NASDAQ: ALLT), a leader in IP service optimization solutions based on deep packet inspection (DPI) technology, reported continued improvement in its quarterly results with the announcement of its financial results for the third quarter ended September 30, 2009.
Key highlights:
- Third quarter revenues totaled $10.8M, representing an 8% increase over the second quarter of 2009
- Non-GAAP loss continues to decline, with third quarter non-GAAP net loss totaling $0.2M, or $0.01 per basic and diluted share, from $0.4M, or $0.02 per basic and diluted share, in the second quarter of 2009, and from $1.6M, or $0.07 per basic and diluted share, in the third quarter of 2008
- As of September 30, 2009, cash, cash equivalents, deposits and investments in marketable securities totaled $52.8M
- To date, total orders of $12.6M received from a global Tier 1 mobile operator under a frame agreement
Total revenues for the third quarter of 2009 reached $10.8M, a 10% increase from the $9.8M of revenues reported in the third quarter of 2008 and an 8% increase from the $10.0M of revenues reported in the second quarter of 2009. On a GAAP basis, net loss for the third quarter of 2009 was $2.3 M, or $0.10 per share (basic and diluted). This compares with a net loss of $9.0M, or $0.41 per share (basic and diluted), in the third quarter of 2008, and a net loss of $1.0M, or $0.05 per share (basic and diluted), in the second quarter of 2009.

Allot Communications Ltd.) is a leading provider of intelligent IP service optimization solutions.