Allot Communications (ALLT) Tops Q2 EPS by 2c, Slight Beat on Revenues; Offers FY18 Revenue Outlook

Allot Communications (NASDAQ: ALLT) reported Q2 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $23 million versus the consensus estimate of $22.35 million.

• Net loss on a GAAP basis for the second quarter of 2018 was $2.4 million, or $0.07 per basic share, an improvement compared with a net loss of $4.0 million, or $0.12 per basic share, in the second quarter of 2017.
• Non-GAAP net loss for the second quarter of 2018 was $1.2 million, or $0.04 per basic share, an improvement compared with a non-GAAP net loss of $2.3 million, or $0.07 per basic share, in the second quarter of 2017.
• Revenues were $23.0 million, up 18% year-over-year;
• GAAP gross margin improved to 70.8% up from 65.8% in Q2 2017;
• Non-GAAP gross margin was 72.2% up from 67.6%in Q2 2017;
• GAAP operating loss narrowed to $2.8 million compared to $3.8 million in Q2 2017;
• Non-GAAP operating loss narrowed to $1.3 million compared to $2.4 million in Q2 2017;
• Book-to-bill was above one for the sixth consecutive quarter;
• Cash and cash equivalents increased to $105.9 million;

Erez Antebi, President & CEO of Allot, commented:

"I am very pleased with our progress as demonstrated through our second quarter results, which represent another quarter of growth and improvement in margins. We are investing additional resources in pursuing and capturing the increasing growth opportunities we see in our end markets. We expect these investments to continue to bring us growth.

"Much of our growth in the first half of the year came from actionable intelligence use cases and we are pleased with our improvements in this market segment. Furthermore, we are very encouraged by the market traction we are seeing for our security solutions. We expect to announce soon a new unified security deal for Telefonica Spain. We look forward to close additional security deals over the quarters and years ahead."

GUIDANCE:

Allot Communications sees Q3 2018 revenue of $91-95 million, versus the consensus of $92.96 million.

For earnings history and earnings-related data on Allot Communications (ALLT) click here.

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Wintermar acquires full control of Fast Offshore Supply, adding 5 new CTVs
• MP Materials seen largely insulated after China export-control move