Recap: Allot Q1 Earnings - Allot (NASDAQ:ALLT)

Allot ALLT reported its Q1 earnings results on Tuesday, May 16, 2023 at 05:00 AM.

Here's what investors need to know about the announcement.

Allot missed estimated earnings by 16.67%, reporting an EPS of $-0.21 versus an estimate of $-0.18.

Revenue was down $10.77 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 3.33% drop in the share price the next day.

Here's a look at Allot's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.16	-0.33	-0.21	-0.27
EPS Actual	-0.13	-0.28	-0.11	-0.10
Revenue Estimate	33.54M	24.95M	32.46M	31.18M
Revenue Actual	33.03M	25.04M	32.77M	31.90M

To track all earnings releases for Allot visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.