HOD HASHARON, Israel,
Nov. 1, 2016 /PRNewswire/
-- Allot Communications Ltd. (NASDAQ: ALLT, TASE: ALLT), a
leading global provider of security and monetization solutions that
enables service providers to protect and personalize the digital
experience, today announced its third quarter 2016 financial
results.
Q3 2016 – Highlights
- Revenues were $21M;
- GAAP gross margin was 67%, Non-GAAP gross margin was 70%;
- GAAP operating loss of $3.2M,
Non-GAAP operating loss of $0.3M;
- Re-organization has lowered ongoing operating expenses to
between $15-15.5M per quarter;
and
- Book-to-bill below one; Revenue guidance updated, expecting
$87-90M for 2016.
Q3 2016 Financial results
On a GAAP basis, total revenues for the third quarter of 2016
were $21.0 million compared to
$23.0 million of revenue reported for
the second quarter of 2016 and $23.5
million of revenue reported for the third quarter of 2015.
Net loss for the third quarter of 2016 was $3.4 million, or $0.10 per basic and diluted share. This compares
with a net loss of $1.2 million, or
$0.04 per basic and diluted share, in
the second quarter of 2016 and a net loss of $3.4 million, or $0.10 per basic and diluted share, in the third
quarter of 2015.
On a non-GAAP basis, total revenues for the third quarter of
2016 were $21.0 million compared to
$23.0 million of revenue reported for
the second quarter of 2016 and $23.5
million of revenue reported for the third quarter of 2015.
On a non-GAAP basis, net loss for the third quarter of 2016 was
$0.5 million, or $0.01 per basic and diluted share. This compares
with non-GAAP net profit of $0.4
million, or $0.01 per basic
and diluted share, in the second quarter of 2016 and non-GAAP net
loss of $0.7 million, or $0.02 per basic and diluted share, in the third
quarter of 2015.
Net cash and cash equivalents as of September 30, 2016 totaled $110.9 million. The Company recorded negative
operating cash flow of $5.0 million
during the quarter.
Management Comment
Andrei Elefant, President
& CEO of Allot Communications, commented, "Our core markets
remain tough and 2016 continues to be a slower year than we had
originally expected. Our orders to-date have been of a
smaller scale and more diversified than we saw in past years. In
light of our weaker traditional end-markets, we continue to evolve
our strategy towards new growth markets, shifting towards sales of
security and monetization solutions. At the same time, we took
steps to lower our cost base and we expect that it will enable us
to return to profitability in the coming quarters, particularly as
we transition to security and monetization solutions."
"From a strategic standpoint, the third quarter showed a number
of important developments, demonstrating that our strategy is on
track," continued Mr. Elefant. "We have since launched our
Secure Service Gateway. This solution which is focused on web and
network security, delivers integrated network visibility, security
and control for enterprises in a single, scalable appliance, and we
are already beginning to see initial traction for this product.
Furthermore, our project with a major European operator continues
to gain more subscribers signing on to their mobile security
solution, provided by Allot. According to the customer, in the
first nine months of 2016 the service blocked 50,000 ransomware
attacks to four million subscribers who use the service. Our
strategic collaboration with Intel Security, developing the McAfee
Unified Security, Powered by Allot solution for consumer and small
business markets, is on track and we are progressing as planned. We
look forward to maximizing the potential of our relationship
in future quarters. Our overall strategic progress as we move
through the end of 2016 validates the significant value that we
hope to bring as a player in the security as a service domain in
2017 and beyond."
2016 Outlook
The Company has updated its 2016 guidance. Revenues are expected
in the range of $87-$90 million for
the full year of 2016, both on a GAAP and non-GAAP basis.
Conference Call & Webcast:
The Allot management team will host a conference call to discuss
third quarter 2016 earnings results today, November 1, 2016 at 8:30
AM ET, 2:30 p.m. Israel time. To access the conference call,
please dial one of the following numbers:
US: +1-646-254-3367, UK: +44(0)20-3427-1909, Israel: +972-3-721-9510, participant code
1920290.
A recording of the conference call will be available from
12:00PM ET on November 1st, 2016 for 30 days. To
access the recording, please dial: +1-347-366-9565; UK:
+44(0)20-3427-0598, access code: 1920290.
A live webcast of the conference call can be accessed on the
Allot Communications website at: http://www.allot.com.
The webcast will also be archived on the website following the
conference call.
About Allot Communications
Allot Communications (NASDAQ: ALLT, TASE: ALLT) is a leading
provider of security and monetization solutions that enables
service providers to protect and personalize the digital
experience. Allot's flexible and highly scalable service delivery
framework leverages the intelligence in data networks, enabling
service providers to get closer to their customers, safeguard
network assets and users, and accelerate time-to-revenue for
value-added services. We employ innovative technology, proven
know-how and a collaborative approach to provide the right solution
for every network environment. Allot solutions are currently
deployed at 5 of the top 10 global mobile operators and in
thousands of CSP and enterprise networks worldwide. 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,
deferred tax asset adjustment, restructuring expenses and other
acquisition-related expenses.
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:
GK Investor
Relations
Ehud
Helft/Gavriel Frohwein
+1 646 688 3559
allot@gkir.com
Public Relations Contact:
Sigalit Orr
Director Corporate
Communications
International dialing +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
|
|
|
Nine Months
Ended
|
|
September
30,
|
|
|
September
30,
|
|
2016
|
|
2015
|
|
|
2016
|
|
2015
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
20,985
|
|
$
23,461
|
|
|
$
66,882
|
|
$
74,585
|
Cost of
revenues
|
6,880
|
|
6,042
|
|
|
20,547
|
|
20,242
|
Gross
profit
|
14,105
|
|
17,419
|
|
|
46,335
|
|
54,343
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
5,942
|
|
6,446
|
|
|
18,760
|
|
19,946
|
Sales and
marketing
|
8,697
|
|
10,532
|
|
|
27,814
|
|
33,176
|
General and
administrative
|
2,635
|
|
2,867
|
|
|
7,902
|
|
9,492
|
Total operating
expenses
|
17,274
|
|
19,845
|
|
|
54,476
|
|
62,614
|
Operating
loss
|
(3,169)
|
|
(2,426)
|
|
|
(8,141)
|
|
(8,271)
|
Financial and other
income (loss), net
|
309
|
|
(910)
|
|
|
637
|
|
(816)
|
Loss before income
tax expenses
|
(2,860)
|
|
(3,336)
|
|
|
(7,504)
|
|
(9,087)
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
561
|
|
67
|
|
|
1,431
|
|
374
|
Net loss
|
(3,421)
|
|
(3,403)
|
|
|
(8,935)
|
|
(9,461)
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.10)
|
|
$
(0.10)
|
|
|
$
(0.27)
|
|
$
(0.28)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.10)
|
|
$
(0.10)
|
|
|
$
(0.27)
|
|
$
(0.28)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
used in computing
basic net
|
|
|
|
|
|
|
|
|
loss per
share
|
33,012,229
|
|
33,512,755
|
|
|
33,241,185
|
|
33,443,418
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
used in computing
diluted net
|
|
|
|
|
|
|
|
|
loss per
share
|
33,012,229
|
|
33,512,755
|
|
|
33,241,185
|
|
33,443,418
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
GAAP
Revenues
|
$
20,985
|
|
$
23,461
|
|
$
66,882
|
|
$
74,585
|
Fair value
adjustment for acquired deferred revenues write
down
|
33
|
|
11
|
|
134
|
|
33
|
Non-GAAP
Revenues
|
$
21,018
|
|
$
23,472
|
|
$
67,016
|
|
$
74,618
|
|
|
|
|
|
|
|
|
|
GAAP cost of
revenue
|
$
6,880
|
|
$
6,042
|
|
$
20,547
|
|
$
20,242
|
Share-based
compensation (1)
|
(62)
|
|
(80)
|
|
(236)
|
|
(245)
|
Amortization of
intangible assets (2)
|
(326)
|
|
(620)
|
|
(807)
|
|
(1,701)
|
Restructuring
expenses (4)
|
(127)
|
|
-
|
|
(127)
|
|
-
|
Non-GAAP cost of
revenue
|
$
6,365
|
|
$
5,342
|
|
$
19,377
|
|
$
18,296
|
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
14,105
|
|
$
17,419
|
|
$
46,335
|
|
$
54,343
|
Gross profit
adjustments
|
548
|
|
711
|
|
1,304
|
|
1,979
|
Non-GAAP gross
profit
|
$
14,653
|
|
$
18,130
|
|
$
47,639
|
|
$
56,322
|
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
17,274
|
|
$
19,845
|
|
$
54,476
|
|
$
62,614
|
Share-based
compensation (1)
|
(1,015)
|
|
(1,674)
|
|
(3,820)
|
|
(5,302)
|
Amortization of
intangible assets (2)
|
(133)
|
|
(158)
|
|
(403)
|
|
(374)
|
Expenses
related to M&A activities (3)
|
-
|
|
(101)
|
|
-
|
|
(678)
|
Restructuring
expenses (4)
|
(1,163)
|
|
-
|
|
(1,163)
|
|
-
|
Non-GAAP
operating expenses
|
$
14,963
|
|
$
17,912
|
|
$
49,090
|
|
$
56,260
|
|
|
|
|
|
|
|
|
|
GAAP financial
and other income (loss)
|
$
309
|
|
$
(910)
|
|
$
637
|
|
$
(816)
|
Expenses
related to M&A activities (3)
|
26
|
|
18
|
|
169
|
|
282
|
Non-GAAP
Financial and other income (loss)
|
$
335
|
|
$
(892)
|
|
$
806
|
|
$
(534)
|
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
561
|
|
$
67
|
|
$
1,431
|
|
$
374
|
Tax expenses
(in respect of net deferred tax asset recorded)
|
(62)
|
|
-
|
|
(194)
|
|
-
|
Non-GAAP taxes
on income
|
$
499
|
|
$
67
|
|
$
1,237
|
|
$
374
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(3,421)
|
|
$
(3,403)
|
|
$
(8,935)
|
|
$
(9,461)
|
Share-based
compensation (1)
|
1,077
|
|
1,754
|
|
4,056
|
|
5,547
|
Amortization of
intangible assets (2)
|
459
|
|
778
|
|
1,210
|
|
2,075
|
Expenses
related to M&A activities (3)
|
26
|
|
119
|
|
169
|
|
960
|
Restructuring
expenses (4)
|
1,290
|
|
-
|
|
1,290
|
|
-
|
Fair value
adjustment for acquired deferred revenues write
down
|
33
|
|
11
|
|
134
|
|
33
|
Tax expenses (in respect of net deferred
tax asset recorded)
|
62
|
|
-
|
|
194
|
|
-
|
Non-GAAP Net
Loss
|
$
(474)
|
|
$
(741)
|
|
$
(1,882)
|
|
$
(846)
|
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.10)
|
|
$
(0.10)
|
|
$
(0.27)
|
|
$
(0.28)
|
Share-based
compensation
|
0.03
|
|
0.05
|
|
0.12
|
|
0.16
|
Amortization of
intangible assets
|
0.02
|
|
0.03
|
|
0.03
|
|
0.06
|
Expenses
related to M&A activities
|
0.00
|
|
-
|
|
0.01
|
|
0.03
|
Restructuring
expenses
|
0.04
|
|
-
|
|
0.04
|
|
-
|
Fair value
adjustment for acquired deferred revenues write
down
|
0.00
|
|
-
|
|
0.00
|
|
-
|
Tax expenses (in respect of net deferred
tax asset recorded)
|
0.00
|
|
-
|
|
0.01
|
|
-
|
Non-GAAP Net
Loss per share (diluted)
|
$
(0.01)
|
|
$
(0.02)
|
|
$
(0.06)
|
|
$
(0.03)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
used in computing
GAAP diluted net
|
|
|
|
|
|
|
|
loss per
share
|
33,012,229
|
|
33,512,755
|
|
33,241,185
|
|
33,443,418
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
used in computing
non-GAAP diluted net
|
|
|
|
|
|
|
|
loss per
share
|
33,012,229
|
|
33,512,755
|
|
33,241,185
|
|
33,443,418
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation (*):
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
62
|
|
$
80
|
|
$
236
|
|
$
245
|
|
Research and
development costs, net
|
273
|
|
426
|
|
978
|
|
1,271
|
|
Sales and
marketing
|
333
|
|
680
|
|
1,422
|
|
2,172
|
|
General and
administrative
|
409
|
|
568
|
|
1,420
|
|
1,859
|
|
|
$
1,077
|
|
$
1,754
|
|
$
4,056
|
|
$
5,547
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
326
|
|
$
620
|
|
$
807
|
|
$
1,701
|
|
Sales and
marketing
|
133
|
|
158
|
|
403
|
|
374
|
|
|
$
459
|
|
$
778
|
|
$
1,210
|
|
$
2,075
|
|
|
|
|
|
|
|
|
|
(3) Expenses
related to M&A activities
|
|
|
|
|
|
|
|
|
General and
administrative
|
$
-
|
|
$
101
|
|
$
-
|
|
$
452
|
|
Research and
development costs, net
|
-
|
|
-
|
|
-
|
|
45
|
|
Sales and
marketing
|
-
|
|
-
|
|
-
|
|
181
|
|
Financial
expenses
|
26
|
|
18
|
|
169
|
|
282
|
|
|
$
26
|
|
$
119
|
|
$
169
|
|
$
960
|
|
|
|
|
|
|
|
|
|
(4)
Restructuring expenses
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
127
|
|
$
-
|
|
$
127
|
|
$
-
|
|
Research and
development costs, net
|
370
|
|
-
|
|
370
|
|
-
|
|
Sales and
marketing
|
720
|
|
-
|
|
720
|
|
-
|
|
General and
administrative
|
73
|
|
-
|
|
73
|
|
-
|
|
|
$
1,290
|
|
$
-
|
|
$
1,290
|
|
$
-
|
|
|
|
|
|
|
|
|
|
|
(*) Excluding
share-based compensation related to the restructuring plan,
which was already included under restructuring
expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE -
3
|
ALLOT
COMMUNICATIONS LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
BALANCE SHEETS
|
(U.S. dollars in
thousands)
|
|
|
September
30,
|
|
December
31,
|
|
|
2016
|
|
2015
|
|
|
(Unaudited)
|
|
(Audited)
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
Cash and cash
equivalents
|
|
$
19,685
|
|
$
15,470
|
Short term
deposits
|
|
27,319
|
|
42,700
|
Restricted
cash
|
|
-
|
|
203
|
Marketable
securities
|
|
63,853
|
|
64,921
|
Trade receivables,
net
|
|
26,953
|
|
23,874
|
Other receivables and
prepaid expenses
|
|
4,210
|
|
4,513
|
Inventories
|
|
8,645
|
|
10,169
|
Total current
assets
|
|
150,665
|
|
161,850
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
Severance pay
fund
|
|
249
|
|
282
|
Deferred
taxes
|
|
316
|
|
501
|
Other
assets
|
|
1,965
|
|
2,712
|
Total long-term
assets
|
|
2,530
|
|
3,495
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
4,588
|
|
5,189
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
36,471
|
|
37,681
|
|
|
|
|
|
Total
assets
|
|
$
194,254
|
|
$
208,215
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
Trade
payables
|
|
$
2,973
|
|
$
7,107
|
Deferred
revenues
|
|
13,082
|
|
14,066
|
Other payables and
accrued expenses
|
|
12,571
|
|
13,921
|
Total current
liabilities
|
|
28,626
|
|
35,094
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Deferred
revenues
|
|
4,312
|
|
4,912
|
Accrued severance
pay
|
|
593
|
|
651
|
Other long term
liabilities
|
|
4,316
|
|
4,153
|
Total long-term
liabilities
|
|
9,221
|
|
9,716
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
156,407
|
|
163,405
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
194,254
|
|
$
208,215
|
|
|
|
|
|
|
|
|
|
|
TABLE -
4
|
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,
|
|
2016
|
2015
|
|
2016
|
2015
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
$
(3,421)
|
$
(3,403)
|
|
$
(8,935)
|
$
(9,461)
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
|
|
Depreciation
|
570
|
725
|
|
1,765
|
2,121
|
Stock-based
compensation related to options granted to employees
|
1,197
|
1,770
|
|
4,176
|
5,542
|
Amortization of
intangible assets
|
459
|
778
|
|
1,210
|
2,075
|
Capital
loss
|
-
|
123
|
|
20
|
138
|
Decrease (Increase)
in accrued severance pay, net
|
(52)
|
99
|
|
(25)
|
152
|
Decrease (Increase)
in other assets
|
375
|
334
|
|
747
|
(32)
|
Decease in accrued
interest and amortization of premium on marketable
securities
|
283
|
240
|
|
1,023
|
713
|
Increase (Decrease)
in trade receivables
|
(3,621)
|
2,150
|
|
(3,079)
|
25
|
Decrease (Increase)
in other receivables and prepaid expenses
|
251
|
845
|
|
493
|
(531)
|
Decrease (Increase)
in inventories
|
1,663
|
(1,705)
|
|
1,524
|
60
|
Decrease (Increase)
in long-term deferred taxes, net
|
62
|
-
|
|
185
|
(140)
|
Increase (Decrease)
in trade payables
|
(1,229)
|
(551)
|
|
(4,134)
|
686
|
Decrease in employees
and payroll accruals
|
(13)
|
(769)
|
|
(610)
|
(918)
|
Increase (Decrease)
in deferred revenues
|
(1,520)
|
1,265
|
|
(1,584)
|
1,648
|
Increase (Decrease)
in other payables and accrued expenses
|
(34)
|
1,006
|
|
(438)
|
571
|
|
|
|
|
|
|
Net cash provided by
(used in) operating activities
|
(5,030)
|
2,907
|
|
(7,662)
|
2,649
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
Decrease in
restricted deposit
|
203
|
-
|
|
203
|
-
|
Redemption of
short-term deposits
|
5,648
|
-
|
|
15,381
|
38,000
|
Investment in
short-term deposit
|
-
|
(15,750)
|
|
-
|
(15,750)
|
Purchase of property
and equipment
|
(448)
|
(522)
|
|
(1,184)
|
(1,606)
|
Investment in
marketable securities
|
(4,117)
|
(2,537)
|
|
(21,097)
|
(20,812)
|
Proceeds from
redemption or sale of marketable securities
|
3,215
|
4,792
|
|
21,805
|
16,399
|
Acquisitions
|
-
|
-
|
|
-
|
(10,052)
|
|
|
|
|
|
|
Net cash provided by
(used in) investing activities
|
4,501
|
(14,017)
|
|
15,108
|
6,179
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee
stock options
|
69
|
4
|
|
95
|
104
|
Purchase of treasury
stocks
|
-
|
-
|
|
(3,326)
|
-
|
|
|
|
|
|
|
Net cash provided by
(used in) financing activities
|
69
|
4
|
|
(3,231)
|
104
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase (Decrease)
in cash and cash equivalents
|
(460)
|
(11,106)
|
|
4,215
|
8,932
|
Cash and cash
equivalents at the beginning of the period
|
20,145
|
39,218
|
|
15,470
|
19,180
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
19,685
|
$
28,112
|
|
$
19,685
|
$
28,112
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/allot-communications-announces-third-quarter-2016-financial-results-300354705.html
SOURCE Allot Communications Ltd.