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- Allot Ltd ALLT reported third-quarter FY21 revenue growth of 10% year-on-year to $38.2 million, beating the estimate of $37 million.
- Margin: The non-GAAP gross margin expanded 140 bps to 70.4%.
- Non-GAAP EPS loss of $0.00 beats the analyst estimate loss of $(0.05).
- Allot held $99.2 million in cash and equivalents and used $5.5 million in operating cash flow.
- "Our DPI business is showing solid results as we continue to sign up new customers and grow our market share," CEO Erez Antebi said.
- Outlook: Allot sees FY21 revenue of $145 million - $146 million (prior view $145 million - $150 million).
- Allot sees SECaaS revenues of $4.1 million - 4.3 million for 2021 and $10 million - $15 million in 2022.
- Allot sees SECaaS revenues of $20 million - $30 million for the 12 months of July 2022 and June 2023.
- Allot sees an ARR of $5 million – $6 million in December 2021 and $20 million – $30 million in December 2022.
- Price Action: ALLT shares traded lower by 8.11% at $14.50 in the premarket session on the last check Tuesday.
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