Allot Posts Narrower Loss In Q1; Revenues Up 6%

(RTTNews) - Allot Ltd. (ALLT) posted a net loss on a GAAP basis for the first quarter of $0.3 million, or $0.01 per share, compared to a net loss of $2.5 million, or $0.07 per share, in the first quarter of 2024. Net income on a non-GAAP basis was $0.8 million, or $0.02 per share, compared to a non-GAAP net loss of $0.9 million, or $0.03 loss per share.

Total revenues for the first quarter were $23.2 million, a 6% increase year-over-year compared with $21.9 million in the first quarter of 2024.

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