Allot Communications announces Q2 2017 financial results

Allot Communications Ltd. (NASDAQ: ALLT; TASE: ALLT), a global provider of security and monetization solutions, has announced its second quarter 2017 financial results, the company said.

Highlights include: GAAP revenues were USD 19.5M, up from USD 18.4M in Q1 2017; GAAP operating loss was USD 3.8M, down from USD 4.9M in Q1 2017; and book-to-bill above one for the second consecutive quarter.

On a GAAP basis, total revenues for the second quarter of 2017 were USD 19.5 million, compared to USD 18.4 million reported for the first quarter of 2017. Net loss for the second quarter of 2017 was USD 4.0 million, or USD 0.12 per basic and diluted share. This compares with a net loss of USD 5.1 million, or USD 0.15 per basic and diluted share, in the first quarter of 2017.

On a non-GAAP basis, total revenues for the second quarter of 2017 were USD 19.5 million compared to USD 18.5 million reported for the first quarter of 2017. Net loss for the second quarter of 2017 was USD 2.3 million, or USD 0.07 per basic and diluted share. This compares with a net loss of USD 3.6 million, or USD 0.11 per basic and diluted share, in the first quarter of 2017.

Allot Communications is a provider of security and monetization solutions that enables service providers and enterprises 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.