HOD HASHARON, Israel,
Aug. 4, 2015 /PRNewswire/
-- Allot Communications Ltd. (NASDAQ, TASE: ALLT), a leading
global provider of intelligent broadband solutions that empowers
communication service providers to optimize and monetize their
networks, enterprises to enhance productivity and consumers to
improve their digital lifestyle, today announced its second quarter
2015 results.
Q2 2015 – Financial Highlights:
- Non-GAAP Revenues were $21.6
million, down 23% year over year
- Non-GAAP Gross Margin reached 74%
- Non-GAAP Operating loss was 14%
- Book-to-bill was above one
- The Company recorded negative Operating Cash Flow of
$2.3 million
- Net Cash and cash equivalents as of June
30, 2015 totaled $120.6
million
Financial results:
On a GAAP basis, total revenues for the second quarter of 2015
were $21.6 million compared to
$29.5 million of revenue reported for
the first quarter of 2015 and $28.2
million of revenue reported for the second quarter of
2014. Net loss for the second quarter of 2015 was
$6.0 million, or $0.18 per basic and diluted share. This compares
with a net loss of zero, or $0.00 per
basic and diluted share, in the first quarter of 2015 and a net
loss of $0.6 million, or $0.02 per basic and diluted share, in the second
quarter of 2014.
On a non-GAAP basis, total revenues for the second quarter of
2015 were $21.6 million, compared
with $29.5 million of revenue
reported for the first quarter of 2015 and $28.2 million of revenue reported for the second
quarter of 2014. On a non-GAAP basis, net loss for the second
quarter of 2015 was $3.0 million, or
$0.09 per basic and diluted share.
This compares with non-GAAP net income of $2.9 million, or $0.09 per basic and diluted share, in the first
quarter of 2015 and non-GAAP net income of $1.9 million, or $0.06 per basic and diluted share, in the second
quarter of 2014.
Q2 2015 - Key Achievements:
- During Q2 2015, 21 large orders were received, 9 of which were
from new customers
- 15 of the large orders came from mobile-service providers and 5
were from fixed-line service providers
- In addition, 1 large order was received for private and public
cloud deployments
- During the second quarter Allot received 6 $1 million + deals, compared to 0 in the previous
quarter and 5 in the second quarter 2014
- Allot WebSafe Personal is powering Vodafone Germany's newly
launched secure net offering
- Achieving 3 strategic wins totaling $8 million from new tier-1 mobile
operators
"During the second quarter, despite a slower business
environment, we achieved 3 wins of new tier 1 mobile service
providers which we expect to turn into revenues during the second
half of 2015 and the first half of 2016. We continue to make
additional progress with our security offering including wins
in North America with tier 1
accounts," said Andrei Elefant,
President & CEO of Allot Communications. "During the second
quarter of 2015 our booking has recovered significantly compared to
the level of the first quarter and we undertook a number of
efficiency measures to realign our OPEX without compromising our
future growth."
2015 Outlook
The Company reiterates its previously provided guidance and
expects non-GAAP total revenues to be in the range of
$100 million to $105 million for full
year 2015.
Share Repurchase Program
Allot further announced separately that the Company's board of
directors has authorized a share repurchase program of up to
$15 million. The program is subject
to certain court approvals in Israel, which Allot expects to obtain during
the third or fourth quarter of 2015.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
second quarter 2015 earnings results today at 8:30 AM ET, 3:30
p.m. Israel time. To access
the conference call, please dial one of the following numbers: US:
+1212 444 0896, UK: +44(0)2033645721, Israel: +97237630147, participant code
1553650.
A replay of the conference call will be available from
12:00 AM ET on August 5 2015 for 30 days. To access the replay,
please dial: US: +1 347 366 9565; UK: +44(0)2034270598, access
code: 1553650. A live webcast of the conference
call can be accessed on the Allot Communications website at
www.allot.com. The webcast also will be archived on the website
following the conference call.
About Allot Communications
Allot Communications Ltd. (NASDAQ, TASE: ALLT) empowers service
providers to monetize and optimize their networks, enterprises to
enhance productivity and consumers to enjoy an always-on digital
lifestyle. Allot's advanced DPI-based broadband solutions identify
and leverage network intelligence to analyze, protect, improve and
enrich mobile, fixed and cloud service delivery and user
experience. Allot's unique blend of innovative technology, proven
know-how and collaborative approach to industry standards and
partnerships enables network operators worldwide to elevate their
role in the digital lifestyle ecosystem and to open the door to a
wealth of new business opportunities. For more information, please
visit www.allot.com.
GAAP to Non-GAAP Reconciliation:
The difference between GAAP and non-GAAP revenues is related to
the acquisitions made by the Company and represents revenues
adjusted for the impact of the fair value adjustment to acquired
deferred revenue related to purchase accounting. Non-GAAP net
income is defined as GAAP net income after including deferred
revenues related to the fair value adjustment resulting from
purchase accounting and excluding stock-based compensation
expenses, amortization of acquisition-related intangible assets,
inventory write-off expenses, regulatory matter expenses,
acquisition-related expenses, restructuring costs and compensation
expenses related to the acquisitions.
These non-GAAP measures should be considered in addition to, and
not as a substitute for, comparable GAAP measures. The non-GAAP
results and a full reconciliation between GAAP and non-GAAP results
are provided in the accompanying Table 2. The Company provides
these non-GAAP financial measures because it believes they present
a better measure of the Company's core business and management uses
the non-GAAP measures internally to evaluate the Company's ongoing
performance. Accordingly, the Company believes they are useful to
investors in enhancing an understanding of the Company's operating
performance.
Safe Harbor Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of Company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements set forth in such forward-looking statements.
Important factors that could cause or contribute to such
differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
the timing of completion of key project milestones which impact the
timing of our revenue recognition; lower demand for key value-added
services; our ability to keep pace with advances in technology and
to add new features and value-added services; managing lengthy
sales cycles; operational risks associated with large projects; our
dependence on third party channel partners for a material portion
of our revenues; court approval of the Company's proposed share
buy-back program; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed
with the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
Investor Relations Contact:
Rami Rozen
AVP
Corporate Development
International access code +972-52-569-4441
rrozen@allot.com
Public Relations Contact:
Sigalit Orr
Director
Corporate Communications
International access code +972-54-268-1500
sorr@allot.com
|
TABLE -
1
|
|
ALLOT
COMMUNICATIONS LTD.
|
|
AND ITS
SUBSIDIARIES
|
|
CONSOLIDATED
STATEMENTS OF OPERATIONS
|
|
(U.S. dollars in
thousands, except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
|
Six Months
Ended
|
|
June
30,
|
|
|
June
30,
|
|
2015
|
|
2014
|
|
|
2015
|
|
2014
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Revenues
|
$ 21,592
|
|
$ 28,166
|
|
|
$ 51,124
|
|
$ 56,450
|
|
6,432
|
|
8,056
|
|
|
14,200
|
|
16,252
|
Gross
profit
|
15,160
|
|
20,110
|
|
|
36,924
|
|
40,198
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
6,691
|
|
7,188
|
|
|
13,500
|
|
14,409
|
Sales and
marketing
|
10,836
|
|
10,637
|
|
|
22,644
|
|
21,133
|
General and
administrative
|
3,375
|
|
2,931
|
|
|
6,626
|
|
5,818
|
Total operating
expenses
|
20,902
|
|
20,756
|
|
|
42,770
|
|
41,360
|
Operating
Loss
|
(5,742)
|
|
(646)
|
|
|
(5,846)
|
|
(1,162)
|
Financial and other
income (loss), net
|
(111)
|
|
87
|
|
|
94
|
|
236
|
Loss before income
tax benefit
|
(5,853)
|
|
(559)
|
|
|
(5,752)
|
|
(926)
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
171
|
|
61
|
|
|
307
|
|
82
|
Net Loss
|
(6,024)
|
|
(620)
|
|
|
(6,059)
|
|
(1,008)
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.18)
|
|
$ (0.02)
|
|
|
$ (0.18)
|
|
$ (0.03)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.18)
|
|
$ (0.02)
|
|
|
$ (0.18)
|
|
$ (0.03)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
used in computing
basic net
|
|
|
|
|
|
|
|
|
earnings per
share
|
33,457,887
|
|
33,111,197
|
|
|
33,408,174
|
|
33,025,671
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
used in computing
diluted net
|
|
|
|
|
|
|
|
|
earnings per
share
|
33,457,887
|
|
33,111,197
|
|
|
33,408,174
|
|
33,025,671
|
|
|
|
|
|
|
|
|
|
|
|
TABLE -
2
|
|
|
ALLOT
COMMUNICATIONS LTD.
|
|
|
AND ITS
SUBSIDIARIES
|
|
|
RECONCILIATION OF
GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF
OPERATIONS
|
|
|
(U.S. dollars in
thousands, except per share data)
|
|
|
|
|
|
Three Months
Ended
|
|
Three Months
Ended
|
|
|
|
June 30,
2015
|
|
June 30,
2014
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Operating
Loss
|
$ (5,742)
|
-27%
|
|
$ (646)
|
-2%
|
|
Share-based
compensation (1)
|
1,925
|
|
|
1,987
|
|
|
Amortization of
intangible assets (2)
|
786
|
|
|
465
|
|
|
Expenses
related to M&A activities (3)
|
-
|
|
|
25
|
|
|
Fair value
adjustment for acquired deferred revenues write
down
|
11
|
|
|
11
|
|
|
Non-GAAP
Operating income (Loss)
|
$ (3,020)
|
-14%
|
|
$ 1,842
|
7%
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$ (6,024)
|
-28%
|
|
$ (620)
|
-2%
|
|
Share-based
compensation (1)
|
1,925
|
|
|
1,987
|
|
|
Amortization of
intangible assets (2)
|
786
|
|
|
465
|
|
|
Expenses
related to M&A activities (3)
|
264
|
|
|
25
|
|
|
Fair value
adjustment for acquired deferred revenues write
down
|
11
|
|
|
11
|
|
|
Non-GAAP Net
income (Loss)
|
$ (3,038)
|
-14%
|
|
$ 1,868
|
7%
|
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$ (0.18)
|
|
|
$ (0.02)
|
|
|
Share-based
compensation
|
0.06
|
|
|
0.06
|
|
|
Amortization of
intangible assets
|
0.02
|
|
|
0.02
|
|
|
Expenses
related to M&A activities
|
0.01
|
|
|
0.00
|
|
|
Fair value
adjustment for acquired deferred revenues write
down
|
0.00
|
|
|
0.00
|
|
|
Non-GAAP Net
income (Loss) per share (diluted)
|
$ (0.09)
|
|
|
$ 0.06
|
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
Cost of
revenues
|
$ 83
|
|
|
$
90
|
|
|
|
Research and
development costs, net
|
425
|
|
|
487
|
|
|
|
Sales and
marketing
|
739
|
|
|
811
|
|
|
|
General and
administrative
|
678
|
|
|
599
|
|
|
|
|
$
1,925
|
|
|
$ 1,987
|
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
Cost of
revenues
|
$ 627
|
|
|
$
400
|
|
|
|
Sales and
marketing
|
159
|
|
|
65
|
|
|
|
|
$ 786
|
|
|
$
465
|
|
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
|
General and
administrative
|
$ -
|
|
|
$
25
|
|
|
|
Research and
development costs, net
|
-
|
|
|
-
|
|
|
|
Sales and
marketing
|
-
|
|
|
-
|
|
|
|
Financial
expenses
|
264
|
|
|
-
|
|
|
|
|
$ 264
|
|
|
$
25
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE - 2
cont.
|
|
|
ALLOT
COMMUNICATIONS LTD.
|
|
|
AND ITS
SUBSIDIARIES
|
|
|
RECONCILIATION OF
GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF
OPERATIONS
|
|
|
(U.S. dollars in
thousands, except per share data)
|
|
|
|
|
|
Six Months
Ended
|
|
Six Months
Ended
|
|
|
June 30,
2015
|
|
June 30,
2014
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Operating
Loss
|
$ (5,846)
|
-11%
|
|
$ (1,162)
|
-2%
|
Share-based
compensation (1)
|
3,792
|
|
|
3,979
|
|
Amortization of
intangible assets (2)
|
1,297
|
|
|
930
|
|
Expenses
related to M&A activities (3)
|
577
|
|
|
33
|
|
Fair value
adjustment for acquired deferred revenues write
down
|
22
|
|
|
23
|
|
Non-GAAP
Operating income (Loss)
|
$ (158)
|
0%
|
|
$ 3,803
|
7%
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$ (6,059)
|
-12%
|
|
$ (1,008)
|
-2%
|
Share-based
compensation (1)
|
3,792
|
|
|
3,979
|
|
Amortization of
intangible assets (2)
|
1,297
|
|
|
930
|
|
Expenses
related to M&A activities (3)
|
841
|
|
|
33
|
|
Fair value
adjustment for acquired deferred revenues write
down
|
22
|
|
|
23
|
|
Non-GAAP Net
income (Loss)
|
$ (107)
|
0%
|
|
$ 3,957
|
7%
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$ (0.18)
|
|
|
$ (0.03)
|
|
Share-based
compensation
|
0.11
|
|
|
0.12
|
|
Amortization of
intangible assets
|
0.04
|
|
|
0.03
|
|
Expenses
related to M&A activities
|
0.03
|
|
|
0.00
|
|
Fair value
adjustment for acquired deferred revenues write
down
|
0.00
|
|
|
0.00
|
|
Non-GAAP Net
income (Loss) per share (diluted)
|
$ (0.00)
|
|
|
$ 0.12
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
Cost of
revenues
|
$ 165
|
|
|
$
178
|
|
|
Research and
development costs, net
|
845
|
|
|
956
|
|
|
Sales and
marketing
|
1,491
|
|
|
1,632
|
|
|
General and
administrative
|
1,291
|
|
|
1,213
|
|
|
|
$ 3,792
|
|
|
$ 3,979
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
Cost of
revenues
|
$ 1,081
|
|
|
$
799
|
|
|
Sales and
marketing
|
216
|
|
|
131
|
|
|
|
$ 1,297
|
|
|
$
930
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
General and
administrative
|
$ 351
|
|
|
$
33
|
|
|
Research and
development costs, net
|
45
|
|
|
-
|
|
|
Sales and
marketing
|
181
|
|
|
-
|
|
|
Financial
expenses
|
264
|
|
|
-
|
|
|
|
$ 841
|
|
|
$
33
|
|
|
|
|
|
|
|
|
|
TABLE -
3
|
|
ALLOT
COMMUNICATIONS LTD.
|
|
AND ITS
SUBSIDIARIES
|
|
RECONCILIATION OF
GAAP TO NON-GAAP CONSOLIDATED REVENUES
|
|
(U.S. dollars in
thousands, except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
|
March
31,
|
|
June
30,
|
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
GAAP
Revenues
|
$ 21,592
|
|
$ 28,166
|
|
$ 51,124
|
|
$ 56,450
|
|
|
|
|
|
|
|
|
|
|
Fair value adjustment
for acquired deferred revenues write down
|
11
|
|
11
|
|
$
22
|
|
$
23
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
Revenues
|
$ 21,603
|
|
$ 28,177
|
|
$ 51,146
|
|
$ 56,473
|
|
|
|
TABLE -
4
|
|
|
ALLOT
COMMUNICATIONS LTD.
|
|
|
AND ITS
SUBSIDIARIES
|
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June
30,
|
|
December
31,
|
|
|
|
2015
|
|
2014
|
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
39,218
|
|
$
19,180
|
|
Short term
deposits
|
|
21,000
|
|
59,000
|
|
Marketable securities
and restricted cash
|
|
60,423
|
|
54,271
|
|
Trade receivables,
net
|
|
24,929
|
|
23,759
|
|
Other receivables and
prepaid expenses
|
|
5,640
|
|
5,383
|
|
Inventories
|
|
7,454
|
|
10,109
|
|
Total current
assets
|
|
158,664
|
|
171,702
|
|
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
|
Severance pay
fund
|
|
282
|
|
262
|
|
Deferred
taxes
|
|
1,856
|
|
1,716
|
|
Other
assets
|
|
3,542
|
|
4,948
|
|
Total long-term
assets
|
|
5,680
|
|
6,926
|
|
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
5,610
|
|
5,957
|
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
45,210
|
|
28,363
|
|
|
|
|
|
|
|
Total
assets
|
|
$
215,164
|
|
$
212,948
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
Trade
payables
|
|
$
5,594
|
|
$
6,300
|
|
Deferred
revenues
|
|
12,144
|
|
12,704
|
|
Other payables and
accrued expenses
|
|
13,361
|
|
14,524
|
|
Total current
liabilities
|
|
31,099
|
|
33,528
|
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
|
Deferred
revenues
|
|
5,256
|
|
4,158
|
|
Accrued severance
pay
|
|
355
|
|
282
|
|
Other long term
liabilities
|
|
4,080
|
|
0
|
|
Total long-term
liabilities
|
|
9,691
|
|
4,440
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
174,374
|
|
174,980
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
215,164
|
|
$
212,948
|
|
|
|
|
|
|
|
|
TABLE -
5
|
|
ALLOT
COMMUNICATIONS LTD.
|
|
AND ITS
SUBSIDIARIES
|
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
|
2015
|
2014
|
|
2015
|
2014
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
$
(6,024)
|
$
(620)
|
|
$
(6,059)
|
$
(1,008)
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
Depreciation
|
634
|
762
|
|
1,397
|
1,562
|
Stock-based
compensation related to options granted to employees
|
1,923
|
1,987
|
|
3,772
|
3,979
|
Amortization of
intangible assets
|
785
|
465
|
|
1,234
|
930
|
Capital
loss
|
11
|
-
|
|
15
|
-
|
Decrease (Increase)
in accrued severance pay, net
|
41
|
(7)
|
|
53
|
(3)
|
Decrease (Increase)
in other assets
|
(188)
|
12
|
|
(366)
|
(70)
|
Decrease in
accrued interest and amortization of premium on marketable
securities
|
173
|
37
|
|
473
|
245
|
Decrease in trade
receivables
|
(2,300)
|
(2,372)
|
|
(2,125)
|
(6,878)
|
Decrease (Increase)
in other receivables and prepaid expenses
|
1,378
|
301
|
|
(1,313)
|
199
|
Decrease (Increase)
in inventories
|
(23)
|
(403)
|
|
1,765
|
(79)
|
Increase (Decrease)
in long-term deferred taxes, net
|
(236)
|
56
|
|
(140)
|
56
|
Increase in trade
payables
|
1,661
|
2,606
|
|
1,237
|
4,302
|
Increase (Decrease)
in employees and payroll accruals
|
260
|
(57)
|
|
(149)
|
1,005
|
Increase (Decrease)
in deferred revenues
|
283
|
(732)
|
|
383
|
364
|
Increase (Decrease)
in other payables and accrued expenses
|
(727)
|
(629)
|
|
(435)
|
247
|
|
|
|
|
|
|
Net cash provided
(used) by operating activities
|
(2,349)
|
1,406
|
|
(258)
|
4,851
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of
short-term deposits
|
25,500
|
22,000
|
|
38,000
|
29,500
|
Purchase of property
and equipment
|
(418)
|
(697)
|
|
(1,084)
|
(1,613)
|
Investment in
marketable securities
|
(11,548)
|
(18,081)
|
|
(18,275)
|
(18,981)
|
Proceeds from
redemption or sale of marketable securities
|
6,079
|
3,363
|
|
11,607
|
4,264
|
Acquisitions
|
-
|
-
|
|
(10,052)
|
-
|
Loan provided to
third party, net
|
-
|
170
|
|
-
|
(2,393)
|
|
|
|
|
|
|
Net cash provided by
investing activities
|
19,613
|
6,755
|
|
20,196
|
10,777
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee
stock options
|
24
|
632
|
|
100
|
1,388
|
|
|
|
|
|
|
Net cash provided by
financing activities
|
24
|
632
|
|
100
|
1,388
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and
cash equivalents
|
17,288
|
8,793
|
|
20,038
|
17,016
|
Cash and cash
equivalents at the beginning of the period
|
21,930
|
51,036
|
|
19,180
|
42,813
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
39,218
|
$
59,829
|
|
$
39,218
|
$
59,829
|
|
|
|
|
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/allot-communications-announces-second-quarter-2015-financial-results-300123089.html
SOURCE Allot