HOD HASHARON, Israel,
Oct. 29, 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 third quarter
2015 results.
Q3 2015 – Financial Highlights:
- Non-GAAP revenues were $23.5
million, down 22% year over year
- Non-GAAP gross margin reached 77%
- Non-GAAP operating profit was 1%
- Book-to-bill was above one
- The Company recorded positive operating cash flow of
$2.9 million
- Net cash and cash equivalents as of September 30, 2015 totaled $122.8 million
Financial results:
On a GAAP basis, total revenues for the third quarter of 2015
were $23.5 million compared to
$21.6 million of revenue reported for
the second quarter of 2015 and $30.1
million of revenue reported for the third quarter of
2014. Net loss for the third quarter of 2015 was $3.4 million, or $0.10 per basic and diluted share. This compares
with a net loss of $6.0 million, or
$0.18 per basic and diluted share, in
the second quarter of 2015 and a net profit of $0.8 million, or $0.02 per basic and diluted share, in the third
quarter of 2014.
On a non-GAAP basis, total revenues for the third quarter of
2015 were $23.5 million, compared
with $21.6 million of revenue
reported for the second quarter of 2015 and $30.1 million of revenue reported for the third
quarter of 2014. On a non-GAAP basis, net loss for the third
quarter of 2015 was $0.7 million, or
$0.02 per basic and diluted share.
This compares with non-GAAP net loss of $3.0
million, or $0.09 per basic
and diluted share, in the second quarter of 2015 and non-GAAP net
income of $3.1 million, or
$0.09 per basic and diluted share, in
the third quarter of 2014.
Q3 2015 - Key Achievements:
- During Q3 2015, 18 large orders were received, 4 of which were
from new customers
- 7 of the large orders came from mobile-service providers and 7
were from fixed-line service providers
- In addition, 4 large orders were received for private and
public cloud deployments
- During Q3, 2015, Allot received three, over $1 million deals, compared to 6 in the previous
quarter and 4 during Q3, 2014.
- Allot is collaborating with HP by offering its virtualized
security services on the HP OpenNFV cloud platform.
- Allot received an $8 million
expansion order from a tier-1 fixed line operator in APAC.
- Allot received, after the end of the third quarter a follow on
order of over $10 million, from an
existing Tier 1 service provider. This order is included in the
fourth quarter's booking.
- Published the latest MobileTrends report revealing that 6% of
mobile subscribers visit risky websites every day.
"During the third quarter of 2015, our revenues and booking grew
sequentially and we expect further sequential increase in the
fourth quarter. We are also pleased with the strong momentum of our
security segment," said Mr. Andrei
Elefant, President & CEO of Allot Communications.
"We continue to control our OPEX and align it with the revenue
level without compromising our future growth," added Mr. Elefant.
"We are encouraged with the new win of over $10 million that we booked in the beginning of
the fourth quarter from an existing customer and we expect to
recognize the majority of this order during 2016. This win together
with the current backlog and prospects make us believe that we will
return to growth in 2016," concluded Mr. Elefant.
2015 Outlook
The Company reiterates its previously provided guidance and
expects total non-GAAP revenues to be in the range of $100 million to $105 million for full year
2015.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
third quarter 2015 earnings results today at 8:30 AM ET, 2:30
p.m. Israel time. To access
the conference call, please dial one of the following numbers: US:
+1212 444 0412, UK: +44(0)2031408286, Israel: +97237219510, participant code
4389708.
A replay of the conference call will be available from
12:00 AM ET on October 30 2015 for 30 days. To access the
replay, please dial: US: +1 347 366 9565; UK: +44(0) 2034270598,
access code: 4389708. 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, regulatory matter expenses, acquisition-related
expenses 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
|
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
|
|
|
Nine Months
Ended
|
|
September
30,
|
|
|
September
30,
|
|
2015
|
|
2014
|
|
|
2015
|
|
2014
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
$ 23,461
|
|
$ 30,101
|
|
|
$ 74,585
|
|
$ 86,551
|
|
Cost of
revenues
|
6,042
|
|
8,059
|
|
|
20,242
|
|
24,311
|
|
Gross profit
|
17,419
|
|
22,042
|
|
|
54,343
|
|
62,240
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
6,446
|
|
7,240
|
|
|
19,946
|
|
21,649
|
|
Sales and
marketing
|
10,532
|
|
11,411
|
|
|
33,176
|
|
32,544
|
|
General and
administrative
|
2,867
|
|
2,798
|
|
|
9,492
|
|
8,616
|
|
Total operating
expenses
|
19,845
|
|
21,449
|
|
|
62,614
|
|
62,809
|
|
Operating profit
(loss)
|
(2,426)
|
|
593
|
|
|
(8,271)
|
|
(569)
|
|
Financial and other
income (loss), net
|
(910)
|
|
224
|
|
|
(816)
|
|
460
|
|
Profit (loss) before
income tax benefit
|
(3,336)
|
|
817
|
|
|
(9,087)
|
|
(109)
|
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
67
|
|
52
|
|
|
374
|
|
134
|
|
Net profit
(loss)
|
$ (3,403)
|
|
$
765
|
|
|
$ (9,461)
|
|
$ (243)
|
|
|
|
|
|
|
|
|
|
|
Basic net
profit (loss) per share
|
$
(0.10)
|
|
$
0.02
|
|
|
$ (0.28)
|
|
$ (0.01)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
profit (loss) per share
|
$
(0.10)
|
|
$
0.02
|
|
|
$ (0.28)
|
|
$ (0.01)
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
|
used in computing
basic net
|
|
|
|
|
|
|
|
|
|
earnings per
share
|
33,512,755
|
|
33,234,558
|
|
|
33,443,418
|
|
33,096,065
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
|
used in computing
diluted net
|
|
|
|
|
|
|
|
|
|
earnings per
share
|
33,512,755
|
|
33,631,356
|
|
|
33,443,418
|
|
33,096,065
|
|
TABLE -
2
ALLOT
COMMUNICATIONS LTD.
AND ITS
SUBSIDIARIES
RECONCILATION OF
GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF
OPERATIONS
(U.S. dollars in
thousands, except per share data)
|
|
Three Months
Ended
|
|
Three Months
Ended
|
|
September 30,
2015
|
|
September 30,
2014
|
|
(Unaudited)
|
|
(Unaudited)
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating
profit (loss)
|
$
(2,426)
|
-10%
|
|
$
593
|
2%
|
|
Share-based
compensation (1)
|
1,754
|
|
|
1,894
|
|
|
Amortization of
intangible assets (2)
|
778
|
|
|
457
|
|
|
Expenses
related to M&A activities (3)
|
101
|
|
|
-
|
|
|
Fair value
adjustment for acquired deferred revenues write down
|
11
|
|
|
11
|
|
|
Non-GAAP
Operating income
|
$
218
|
1%
|
|
$ 2,955
|
10%
|
|
|
|
|
|
|
|
GAAP net profit
(loss)
|
$
(3,403)
|
-15%
|
|
$
765
|
3%
|
|
Share-based
compensation (1)
|
1,754
|
|
|
1,894
|
|
|
Amortization of
intangible assets (2)
|
778
|
|
|
457
|
|
|
Expenses
related to M&A activities (3)
|
119
|
|
|
-
|
|
|
Fair value
adjustment for acquired deferred revenues write down
|
11
|
|
|
11
|
|
|
Non-GAAP net
income (Loss)
|
$
(741)
|
-3%
|
|
$ 3,127
|
10%
|
|
|
|
|
|
|
|
GAAP profit
(loss) per share (diluted)
|
$
(0.10)
|
|
|
$
0.02
|
|
|
Share-based
compensation
|
0.05
|
|
|
0.05
|
|
|
Amortization of
intangible assets
|
0.03
|
|
|
0.02
|
|
|
Expenses
related to M&A activities
|
0.00
|
|
|
-
|
|
|
Fair value
adjustment for acquired deferred revenues write down
|
0.00
|
|
|
0.00
|
|
|
Non-GAAP Net
income (loss) per share (diluted)
|
$
(0.02)
|
|
|
$
0.09
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
Cost of
revenues
|
$
80
|
|
|
$
90
|
|
|
Research
and development costs, net
|
426
|
|
|
476
|
|
|
Sales
and marketing
|
680
|
|
|
830
|
|
|
General
and administrative
|
568
|
|
|
498
|
|
|
$ 1,754
|
|
|
$ 1,894
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
Cost of
revenues
|
$
620
|
|
|
$
400
|
|
|
Sales
and marketing
|
158
|
|
|
57
|
|
|
$
778
|
|
|
$
457
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
General
and administrative
|
$
101
|
|
|
$
-
|
|
|
Research
and development costs, net
|
-
|
|
|
-
|
|
|
Sales
and marketing
|
-
|
|
|
-
|
|
|
Financial expensees
|
18
|
|
|
-
|
|
|
$
119
|
|
|
$
-
|
|
|
TABLE - 2
cont.
ALLOT
COMMUNICATIONS LTD.
AND ITS
SUBSIDIARIES
RECONCILATION OF
GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF
OPERATIONS
(U.S. dollars in
thousands, except per share data)
|
|
Nine Months
Ended
|
|
Nine Months
Ended
|
|
September 30,
2015
|
|
September 30,
2014
|
|
(Unaudited)
|
|
(Unaudited)
|
|
$
|
% of
Revenues
|
|
$
|
% of
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating
loss
|
$
(8,271)
|
-11%
|
|
$ (569)
|
-1%
|
|
Share-based
compensation (1)
|
5,547
|
|
|
5,872
|
|
|
Amortization of
intangible assets (2)
|
2,075
|
|
|
1,387
|
|
|
Expenses
related to M&A activities (3)
|
678
|
|
|
33
|
|
|
Fair value
adjustment for acquired deferred revenues write down
|
33
|
|
|
34
|
|
|
Non-GAAP
Operating income
|
$
62
|
0%
|
|
$ 6,757
|
8%
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(9,461)
|
-13%
|
|
$ (243)
|
0%
|
|
Share-based
compensation (1)
|
5,547
|
|
|
5,872
|
|
|
Amortization of
intangible assets (2)
|
2,075
|
|
|
1,387
|
|
|
Expenses
related to M&A activities (3)
|
960
|
|
|
33
|
|
|
Fair value
adjustment for acquired deferred revenues write down
|
33
|
|
|
34
|
|
|
Non-GAAP net
income (loss)
|
$
(846)
|
-1%
|
|
$ 7,083
|
8%
|
|
|
|
|
|
|
|
GAAP loss per
share (diluted)
|
$
(0.28)
|
|
|
$ (0.01)
|
|
|
Share-based
compensation
|
0.16
|
|
|
0.17
|
|
|
Amortization of
intangible assets
|
0.06
|
|
|
0.04
|
|
|
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)
|
$
(0.03)
|
|
|
$ 0.21
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
Cost of
revenues
|
$
245
|
|
|
$
268
|
|
|
Research
and development costs, net
|
1,271
|
|
|
1,432
|
|
|
Sales
and marketing
|
2,172
|
|
|
2,462
|
|
|
General
and administrative
|
1,859
|
|
|
1,710
|
|
|
$ 5,547
|
|
|
$ 5,872
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
Cost of
revenues
|
$ 1,701
|
|
|
$ 1,199
|
|
|
Sales
and marketing
|
374
|
|
|
188
|
|
|
$ 2,075
|
|
|
$ 1,387
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
General
and administrative
|
$
452
|
|
|
$
33
|
|
|
Research
and development costs, net
|
45
|
|
|
-
|
|
|
Sales
and marketing
|
181
|
|
|
-
|
|
|
Finanacial expensees
|
282
|
|
|
-
|
|
|
$
960
|
|
|
$
33
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE -
3
ALLOT
COMMUNICATIONS LTD.
AND ITS
SUBSIDIARIES
RECONCILATION OF
GAAP TO NON-GAAP CONSOLIDATED REVENUES
(U.S. dollars in
thousands, except share and per share data)
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
September
30,
|
|
September
30,
|
|
2015
|
|
2014
|
|
2015
|
|
2014
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
GAAP
Revenues
|
$ 23,461
|
|
$ 30,101
|
|
$ 74,585
|
|
$ 86,551
|
|
|
|
|
|
|
|
|
|
Fair value adjustment
for acquired deferred revenues write down
|
11
|
|
11
|
|
$
33
|
|
$
34
|
|
|
|
|
|
|
|
|
|
Non-GAAP
Revenues
|
$ 23,472
|
|
$ 30,112
|
|
$ 74,618
|
|
$ 86,585
|
|
|
TABLE -
4
ALLOT
COMMUNICATIONS LTD.
AND ITS
SUBSIDIARIES
CONSOLIDATED
BALANCE SHEETS
(U.S. dollars in
thousands)
|
|
|
September
30,
|
|
December
31,
|
|
|
2015
|
|
2014
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
|
ASSETS
|
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
28,112
|
|
$
19,180
|
|
Short term
deposits
|
|
36,750
|
|
59,000
|
|
Marketable securities
and restricted cash
|
|
57,975
|
|
54,271
|
|
Trade receivables,
net
|
|
22,491
|
|
23,759
|
|
Other receivables and
prepaid expenses
|
|
4,723
|
|
5,383
|
|
Inventories
|
|
9,159
|
|
10,109
|
|
Total current
assets
|
|
159,210
|
|
171,702
|
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
|
Severance pay
fund
|
|
277
|
|
262
|
|
Deferred
taxes
|
|
1,856
|
|
1,716
|
|
Other
assets
|
|
3,208
|
|
4,948
|
|
Total long-term
assets
|
|
5,341
|
|
6,926
|
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
5,287
|
|
5,957
|
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
44,431
|
|
28,363
|
|
|
|
|
|
|
Total
assets
|
|
$
214,269
|
|
$
212,948
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
Trade
payables
|
|
$
5,112
|
|
$
6,300
|
|
Deferred
revenues
|
|
13,727
|
|
12,704
|
|
Other payables and
accrued expenses
|
|
13,600
|
|
14,524
|
|
Total current
liabilities
|
|
32,439
|
|
33,528
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
|
Deferred
revenues
|
|
4,938
|
|
4,158
|
|
Accrued severance
pay
|
|
449
|
|
282
|
|
Other long term
liabilities
|
|
4,091
|
|
0
|
|
Total long-term
liabilities
|
|
9,478
|
|
4,440
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
172,352
|
|
174,980
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
214,269
|
|
$
212,948
|
|
TABLE -
5
ALLOT
COMMUNICATIONS LTD.
AND ITS
SUBSIDIARIES
CONSOLIDATED
STATEMENTS OF CASH FLOWS
(U.S. dollars in
thousands)
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
September
30,
|
|
September
30,
|
|
2015
|
2014
|
|
2015
|
2014
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(Loss)
|
$
(3,403)
|
$
765
|
|
$
(9,461)
|
$
(243)
|
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
|
Depreciation
|
725
|
764
|
|
2,121
|
2,326
|
|
Stock-based
compensation related to options granted to employees
|
1,770
|
1,894
|
|
5,542
|
5,873
|
|
Amortization of
intangible assets
|
779
|
457
|
|
2,013
|
1,387
|
|
Capital
loss
|
123
|
-
|
|
138
|
-
|
|
Decrease (Increase)
in accrued severance pay, net
|
99
|
(4)
|
|
152
|
(7)
|
|
Decrease (Increase)
in other assets
|
334
|
131
|
|
(32)
|
60
|
|
Decrease in
accrued interest and amortization of premium on marketable
securities
|
240
|
275
|
|
713
|
520
|
|
Increase (Decrease)
in trade receivables
|
2,150
|
(1,539)
|
|
25
|
(8,417)
|
|
Decrease (Increase)
in other receivables and prepaid expenses
|
844
|
(1,468)
|
|
(469)
|
(1,269)
|
|
Decrease (Increase)
in inventories
|
(1,705)
|
835
|
|
60
|
756
|
|
Increase (Decrease)
in long-term deferred taxes, net
|
-
|
-
|
|
(140)
|
56
|
|
Increase (Decrease)
in trade payables
|
(551)
|
(2,121)
|
|
686
|
2,181
|
|
Increase (Decrease)
in employees and payroll accruals
|
(769)
|
(598)
|
|
(918)
|
407
|
|
Increase in deferred
revenues
|
1,265
|
1,313
|
|
1,648
|
1,677
|
|
Increase in other
payables and accrued expenses
|
1,006
|
2,212
|
|
571
|
2,459
|
|
|
|
|
|
|
|
Net cash provided by
operating activities
|
2,907
|
2,916
|
|
2,649
|
7,766
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of
short-term deposits
|
-
|
-
|
|
38,000
|
29,500
|
|
Investment in
short-term deposit
|
(15,750)
|
(30,000)
|
|
(15,750)
|
(30,000)
|
|
Purchase of property
and equipment
|
(522)
|
(900)
|
|
(1,606)
|
(2,513)
|
|
Investment in
marketable securities
|
(2,537)
|
(885)
|
|
(20,812)
|
(19,866)
|
|
Proceeds from
redemption or sale of marketable securities
|
4,792
|
500
|
|
16,399
|
4,764
|
|
Acquisitions
|
-
|
-
|
|
(10,052)
|
-
|
|
Loan provided to
third party, net
|
-
|
157
|
|
-
|
(2,235)
|
|
|
|
|
|
|
|
Net cash provided by
(used in) investing activities
|
(14,017)
|
(31,128)
|
|
6,179
|
(20,350)
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee
stock options
|
4
|
14
|
|
104
|
1,402
|
|
|
|
|
|
|
|
Net cash provided by
financing activities
|
4
|
14
|
|
104
|
1,402
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease)
in cash and cash equivalents
|
(11,106)
|
(28,198)
|
|
8,932
|
(11,182)
|
|
Cash and cash
equivalents at the beginning of the period
|
39,218
|
59,829
|
|
19,180
|
42,813
|
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
28,112
|
$
31,631
|
|
$
28,112
|
$
31,631
|
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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/allot-communications-announces-third-quarter-2015-financial-results-300168577.html
SOURCE Allot Communications Ltd.