HOD HASHARON, Israel,
Aug. 4, 2020 /PRNewswire/ --
Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider
of innovative network intelligence and security solutions for
communication service providers and enterprises worldwide, today
announced its unaudited second quarter 2020 financial results.
Highlights of the Second Quarter
- Second quarter revenues were $32.8
million, up 23% year-over-year;
- Non-GAAP gross margin increased to 70.7%, up from 69.8% in the
second quarter of 2019;
- GAAP gross margin increased to 70.0%, up from 68.7% in the
second quarter of 2019;
- Non-GAAP net loss of $2.4 million
and GAAP net loss $3.6 million; Net
loss includes a $1.5 million doubtful
debt expense from a system integrator in Latin America experiencing financial
difficulties;
- Since the May 2020 first quarter
earnings call, two recurring security revenue expansion deals were
signed with existing customers
Financial Outlook
- Management reiterates its prior-issued guidance, with
expectations for full year 2020 revenues to be between $135 - $140
million, representing accelerated double-digit growth over
those of 2019. In addition, management expects that third quarter
revenue will exceed those reported for the second quarter of
2020;
- Management continues to expect to be profitable in the fourth
quarter this year;
- Management continues to expect to close additional Recurring
Security Revenue deals in 2020 and reiterates that the MAR*
(maximum annual revenue potential of concluded transactions) of new
deals expected to be signed in 2020 should exceed $140 million.
Management Comment
Erez Antebi, President &
CEO of Allot, commented: "We are very pleased with our
performance in the second quarter. We grew revenues 23%
year-over-year, while improving gross margins and continuing our
advance to profitability."
Continued Mr. Antebi, "COVID-19 continues to present
Allot with both challenges and opportunities. While it is
taking longer to close deals and the absence of travel is
challenging business development activities, we are continuing to
work towards meeting our goals and are on track to achieving our
original 2020 plan. I believe that in the long-term, the
growing need for successful connectivity and the increased amount
of threats consumers face on the internet, will further increase
demand for Allot's solutions."
Second Quarter 2020 Financial Results Summary
Total revenues for the second quarter of 2020 were
$32.8 million, an increase of 23%
compared to $26.6 million in the
second quarter of 2019.
Gross profit on a GAAP basis for the second quarter of
2020 was $23.0 million (gross margin
of 70.0%), compared with $18.3
million (gross margin of 68.7%) in the second quarter of
2019, representing a 26% improvement.
Gross profit on a non-GAAP basis for the second quarter
of 2020 was $23.2 million (gross
margin of 70.7%), a 25% improvement compared with $18.5 million (gross margin of 69.8%) in the
second quarter of 2019.
Net loss on a GAAP basis for the second quarter of 2020
was $3.6 million, or $0.10 per basic share, compared with a net loss
of $1.5 million, or $0.04 per basic share, in the second quarter of
2019.
Non-GAAP net loss for the second quarter of 2020 was
$2.4 million, or $0.07 per basic share, compared with a non-GAAP
net loss of $2.1 million, or
$0.06 per basic share, in the second
quarter of 2019.
It is noted that the operating expenses for the second quarter
of 2020 include a doubtful debt expense of $1.5 million.
Cash and investments as of June
30, 2020 totaled $109.2
million, compared with $110.7
million, as of March 31,
2020.
Conference Call & Webcast
The Allot management team will host a conference call to discuss
second quarter 2020 earnings results today, August 4, 2020 at 8:30 am
ET, 3:30 pm Israel time. To access the conference call,
please dial one of the following numbers:
US: 1-888-407-2553, UK: 0-800-917-5108, Israel: +972-3-918-0610
A live webcast and, following the end of the call, an archive of
the conference call, will be accessible on the Allot website at:
http://investors.allot.com/index.cfm
Additional Resources
Allot Blog: https://www.allot.com/blog
Follow us on Twitter: @allot_ltd
Follow us on LinkedIn:
https://www.linkedin.com/company/allot-communications
About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a provider of leading
innovative network intelligence and security solutions for service
providers and enterprises worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot's multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 23 million
subscribers in Europe.
Allot. See. Control. Secure.
For more information, visit www.allot.com
*MAR (maximum annual revenue potential of concluded
transactions) was estimated by Allot upon transaction signature and
constitutes an approximation of the theoretical annual revenues
Allot would receive if 100% of the customer's subscribers, as
estimated by Allot, signed up for the service.
GAAP to Non-GAAP Reconciliation
Non-GAAP net income is defined as GAAP net income after
excluding stock-based compensation expenses, amortization of
acquisition-related intangible assets, deferred tax asset
adjustment, exchange rate differences related to revaluation of
assets and liabilities denominated in non-dollar currencies 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
is 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: those related to the
COVID-19 pandemic, 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
fourth 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
+1 646 201
9246
allot@gkir.com
|
Public Relations
Contact
Seth Greenberg, Allot
Ltd.
+972 54 922
2294
sgreenberg@allot.com
|
TABLE -
1
|
ALLOT
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,
|
|
2020
|
|
2019
|
|
|
2020
|
|
2019
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
Revenues
|
$
32,790
|
|
$
26,554
|
|
|
$
62,079
|
|
$
51,896
|
Cost of
revenues
|
9,838
|
|
8,301
|
|
|
17,448
|
|
15,594
|
Gross
profit
|
22,952
|
|
18,253
|
|
|
44,631
|
|
36,302
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
Research and
development costs, net
|
10,396
|
|
7,633
|
|
|
19,095
|
|
14,807
|
Sales and
marketing
|
11,780
|
|
11,209
|
|
|
23,302
|
|
22,686
|
General and
administrative
|
4,554
|
|
923
|
|
|
7,595
|
|
3,628
|
Total operating
expenses
|
26,730
|
|
19,765
|
|
|
49,992
|
|
41,121
|
Operating
loss
|
(3,778)
|
|
(1,512)
|
|
|
(5,361)
|
|
(4,819)
|
Financial and other
income, net
|
717
|
|
571
|
|
|
868
|
|
1,103
|
Loss before income
tax expenses
|
(3,061)
|
|
(941)
|
|
|
(4,493)
|
|
(3,716)
|
|
|
|
|
|
|
|
|
|
Tax
expenses
|
553
|
|
592
|
|
|
781
|
|
1,150
|
Net Loss
|
(3,614)
|
|
(1,533)
|
|
|
(5,274)
|
|
(4,866)
|
|
|
|
|
|
|
|
|
|
Basic net
loss per share
|
$
(0.10)
|
|
$
(0.04)
|
|
|
$
(0.15)
|
|
$
(0.14)
|
|
|
|
₪
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted net
loss per share
|
$
(0.10)
|
|
$
(0.04)
|
|
|
$
(0.15)
|
|
$
(0.14)
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing basic net
loss per share
|
34,917,617
|
|
34,213,724
|
|
|
34,771,624
|
|
34,099,428
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing diluted net
loss per share
|
34,917,617
|
|
34,213,724
|
|
|
34,771,624
|
|
34,099,428
|
|
|
|
|
|
|
|
|
|
|
TABLE -
2
|
|
ALLOT
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
|
|
Six Months
Ended
|
|
|
|
June
30,
|
|
June
30,
|
|
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
GAAP cost of
revenues
|
$
9,838
|
|
$
8,301
|
|
$
17,448
|
|
$
15,594
|
|
Share-based
compensation (1)
|
(86)
|
|
(61)
|
|
(153)
|
|
(121)
|
|
Amortization of
intangible assets (2)
|
(152)
|
|
(232)
|
|
(304)
|
|
(464)
|
|
Non-GAAP cost of
revenues
|
$
9,600
|
|
$
8,008
|
|
$
16,991
|
|
$
15,009
|
|
|
|
|
|
|
|
|
|
|
|
GAAP gross
profit
|
$
22,952
|
|
$
18,253
|
|
$
44,631
|
|
$
36,302
|
|
Gross profit
adjustments
|
238
|
|
293
|
|
457
|
|
585
|
|
Non-GAAP gross
profit
|
$
23,190
|
|
$
18,546
|
|
$
45,088
|
|
$
36,887
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating
expenses
|
$
26,730
|
|
$
19,765
|
|
$
49,992
|
|
$
41,121
|
|
Share-based
compensation (1)
|
(1,146)
|
|
(782)
|
|
(2,003)
|
|
(1,467)
|
|
Amortization of
intangible assets (2)
|
-
|
|
(189)
|
|
-
|
|
(377)
|
|
Income
(Expenses) related to M&A activities (3)
|
(137)
|
|
1,832
|
|
(34)
|
|
1,537
|
|
Non-GAAP
operating expenses
|
$
25,447
|
|
$
20,626
|
|
$
47,955
|
|
$
40,814
|
|
|
|
|
|
|
|
|
|
|
|
GAAP financial
and other income
|
$
717
|
|
$
571
|
|
$
868
|
|
$
1,103
|
|
Exchange rate
differences*
|
(316)
|
|
(31)
|
|
(98)
|
|
(33)
|
|
Non-GAAP
Financial and other income
|
$
401
|
|
$
540
|
|
$
770
|
|
$
1,070
|
|
|
|
|
|
|
|
|
|
|
|
GAAP taxes on
income
|
$
553
|
|
$
592
|
|
$
781
|
|
$
1,150
|
|
Tax expenses in
respect of net deferred tax asset recorded
|
(15)
|
|
(17)
|
|
(75)
|
|
(33)
|
|
Non-GAAP taxes
on income
|
$
538
|
|
$
575
|
|
$
706
|
|
$
1,117
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Net
Loss
|
$
(3,614)
|
|
$
(1,533)
|
|
$
(5,274)
|
|
$
(4,866)
|
|
Share-based
compensation (1)
|
1,232
|
|
843
|
|
2,156
|
|
1,588
|
|
Amortization of
intangible assets (2)
|
152
|
|
421
|
|
304
|
|
841
|
|
Income
(Expenses) related to M&A activities (3)
|
137
|
|
(1,832)
|
|
34
|
|
(1,537)
|
|
Exchange rate
differences
|
(316)
|
|
(31)
|
|
(98)
|
|
(33)
|
|
Tax expenses in
respect of net deferred tax asset recorded
|
15
|
|
17
|
|
75
|
|
33
|
|
Non-GAAP Net
Loss
|
$
(2,394)
|
|
$
(2,115)
|
|
$
(2,803)
|
|
$
(3,974)
|
|
|
|
|
|
|
|
|
|
|
|
GAAP Loss per
share (diluted)
|
$
(0.10)
|
|
$
(0.04)
|
|
$
(0.15)
|
|
$
(0.14)
|
|
Share-based
compensation
|
0.04
|
|
0.02
|
|
0.06
|
|
0.05
|
|
Amortization of
intangible assets
|
0.00
|
|
0.02
|
|
0.01
|
|
0.02
|
|
Expenses
(Income) related to M&A activities
|
0.00
|
|
(0.06)
|
|
0.00
|
|
(0.05)
|
|
Exchange rate
differences
|
(0.01)
|
|
(0.00)
|
|
(0.00)
|
|
(0.00)
|
|
Non-GAAP Net
loss per share (diluted)
|
$
(0.07)
|
|
$
(0.06)
|
|
$
(0.08)
|
|
$
(0.12)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing GAAP
diluted net loss per share
|
34,917,617
|
|
34,213,724
|
|
34,771,624
|
|
34,099,428
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares used in
|
|
|
|
|
|
|
|
|
computing non-GAAP
diluted net loss per share
|
34,917,617
|
|
34,213,724
|
|
34,771,624
|
|
34,099,428
|
|
|
|
|
|
|
|
|
|
|
|
* Financial income or
expenses related to exchange rate differences in connection with
revaluation of assets
|
|
|
|
|
|
and
liabilities in non-dollar denominated currencies.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE - 2
cont.
|
|
ALLOT
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
|
|
Six Months
Ended
|
|
|
|
June
30,
|
|
June
30,
|
|
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
(1) Share-based
compensation:
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
86
|
|
$
61
|
|
$
153
|
|
$
121
|
|
|
Research and
development costs, net
|
361
|
|
214
|
|
603
|
|
383
|
|
|
Sales and
marketing
|
533
|
|
327
|
|
911
|
|
610
|
|
|
General and
administrative
|
252
|
|
241
|
|
489
|
|
474
|
|
|
|
$
1,232
|
|
$
843
|
|
$
2,156
|
|
$
1,588
|
|
|
|
|
|
|
|
|
|
|
|
(2)
Amortization of intangible assets
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
$
152
|
|
$
232
|
|
$
304
|
|
$
464
|
|
|
Sales and
marketing
|
-
|
|
189
|
|
-
|
|
377
|
|
|
|
$
152
|
|
$
421
|
|
$
304
|
|
$
841
|
|
|
|
|
|
|
|
|
|
|
|
(3) Expenses
(Income) related to M&A activities
|
|
|
|
|
|
|
|
|
|
General and
administrative
|
$
-
|
|
$
(1,947)
|
|
$
-
|
|
$
(1,947)
|
|
|
Research and
development costs, net
|
$
137
|
|
$
115
|
|
34
|
|
410
|
|
|
|
$
137
|
|
$
(1,832)
|
|
$
34
|
|
$
(1,537)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TABLE -
3
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED BALANCE SHEETS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
June
30,
|
|
December
31,
|
|
|
2020
|
|
2019
|
|
|
(Unaudited)
|
|
(Audited)
|
|
|
|
ASSETS
|
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
Cash and cash
equivalents
|
|
$
30,542
|
|
$
16,930
|
Short-term bank
deposits
|
|
15,000
|
|
5,557
|
Restricted
deposit
|
|
23,154
|
|
23,183
|
Available-for-sale
marketable securities
|
|
40,038
|
|
61,012
|
Trade receivables,
net
|
|
21,524
|
|
29,008
|
Other receivables and
prepaid expenses
|
|
8,128
|
|
6,528
|
Inventories
|
|
17,266
|
|
10,668
|
Total current
assets
|
|
155,652
|
|
152,886
|
|
|
|
|
|
LONG-TERM
ASSETS:
|
|
|
|
|
Restricted
deposit
|
|
440
|
|
10,913
|
Severance pay
fund
|
|
390
|
|
387
|
Operating lease
right-of-use assets
|
|
5,740
|
|
6,368
|
Deferred
taxes
|
|
413
|
|
517
|
Other
assets
|
|
767
|
|
926
|
Total long-term
assets
|
|
7,750
|
|
19,111
|
|
|
|
|
|
PROPERTY AND
EQUIPMENT, NET
|
|
10,146
|
|
8,135
|
GOODWILL AND
INTANGIBLE ASSETS, NET
|
|
34,732
|
|
35,037
|
|
|
|
|
|
Total
assets
|
|
$
208,280
|
|
$
215,169
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
Trade
payables
|
|
$
7,476
|
|
$
11,676
|
Deferred
revenues
|
|
31,387
|
|
36,360
|
Short-term operating
lease liabilities
|
|
3,111
|
|
3,151
|
Other payables and
accrued expenses
|
|
22,605
|
|
22,255
|
Total current
liabilities
|
|
64,579
|
|
73,442
|
|
|
|
|
|
LONG-TERM
LIABILITIES:
|
|
|
|
|
Deferred
revenues
|
|
8,778
|
|
5,262
|
Long-term operating
lease liabilities
|
|
3,065
|
|
3,820
|
Accrued severance
pay
|
|
797
|
|
794
|
Total long-term
liabilities
|
|
12,640
|
|
9,876
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
131,061
|
|
131,851
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
208,280
|
|
$
215,169
|
|
|
|
|
|
|
|
|
|
|
TABLE -
4
|
ALLOT
LTD.
|
AND ITS
SUBSIDIARIES
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
(U.S. dollars in
thousands)
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
$
(3,614)
|
|
$
(1,533)
|
|
$
(5,274)
|
|
$
(4,866)
|
Adjustments to
reconcile net income to net cash used in operating
activities:
|
|
|
|
|
|
|
|
Depreciation
|
897
|
|
617
|
|
1,685
|
|
1,233
|
Stock-based
compensation related to options granted to employees
|
1,232
|
|
843
|
|
2,156
|
|
1,588
|
Amortization of
intangible assets
|
152
|
|
421
|
|
304
|
|
841
|
Increase (Decrease)
in accrued severance pay, net
|
(1)
|
|
15
|
|
-
|
|
(50)
|
Decrease (Increase)
in other assets
|
(1)
|
|
(344)
|
|
159
|
|
(277)
|
Decrease in accrued
interest and amortization of premium on marketable
securities
|
57
|
|
164
|
|
228
|
|
241
|
Changes in operating
leases, net
|
544
|
|
588
|
|
(167)
|
|
382
|
Decrease in trade
receivables
|
1,616
|
|
6,823
|
|
7,484
|
|
4,230
|
Decrease (Increase)
in other receivables and prepaid expenses
|
(518)
|
|
773
|
|
(919)
|
|
(374)
|
Decrease (Increase)
in inventories
|
(2,113)
|
|
1,676
|
|
(6,598)
|
|
(234)
|
Decrease (Increase)
in long-term deferred taxes, net
|
20
|
|
(149)
|
|
104
|
|
(182)
|
Decrease in trade
payables
|
(6,468)
|
|
(3,769)
|
|
(4,200)
|
|
(1,212)
|
Increase (Decrease)
in employees and payroll accruals
|
1,024
|
|
517
|
|
(301)
|
|
1,540
|
Increase (Decrease)
in deferred revenues
|
4,169
|
|
1,915
|
|
(1,457)
|
|
1,323
|
Increase (Decrease)
in other payables, accrued expenses and other long term
liabilities
|
2,235
|
|
(7,923)
|
|
517
|
|
(6,030)
|
|
|
|
-
|
|
-
|
|
-
|
Net cash provided by
(used in) operating activities
|
(769)
|
|
634
|
|
(6,279)
|
|
(1,847)
|
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
Decrease (Increase)
in restricted deposit
|
9,002
|
|
42
|
|
10,502
|
|
(41)
|
Redemption of
(Investment in) short-term deposits
|
(14,200)
|
|
933
|
|
(9,443)
|
|
4,919
|
Purchase of property
and equipment
|
(2,345)
|
|
(748)
|
|
(3,696)
|
|
(1,477)
|
Investment in
available-for sale marketable securities
|
-
|
|
(13,020)
|
|
(375)
|
|
(24,604)
|
Proceeds from
redemption or sale of available-for sale marketable
securities
|
8,523
|
|
12,190
|
|
21,446
|
|
23,569
|
Net cash provided by
(used in) investing activities
|
980
|
|
(603)
|
|
18,434
|
|
2,366
|
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise of employee
stock options
|
837
|
|
56
|
|
1,457
|
|
662
|
Net cash provided by
financing activities
|
837
|
|
56
|
|
1,457
|
|
662
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in cash and
cash equivalents
|
1,048
|
|
87
|
|
13,612
|
|
1,181
|
Cash and cash
equivalents at the beginning of the period
|
29,494
|
|
17,430
|
|
16,930
|
|
16,336
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents at the end of the period
|
$
30,542
|
|
$
17,517
|
|
$
30,542
|
|
$
17,517
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View original
content:http://www.prnewswire.com/news-releases/allot-announces-second-quarter-2020-financial-results-301105399.html
SOURCE Allot Ltd.