Allot Communications Announces Fourth Quarter and Full Year 2016 Financial Results

Q4 2016 Financial results

On a GAAP basis, total revenues for the fourth quarter of 2016 were $23.5 million compared to $25.4 million reported for the fourth quarter of 2015. Net profit for the fourth quarter of 2016 was $0.9 million, or $0.03 per basic and diluted share. This compares with a net loss of $10.4 million, or $0.31 per basic and diluted share, in the fourth quarter of 2015.

On a non-GAAP basis, total revenues for the fourth quarter of 2016 were $23.5 million compared to $25.7 million reported for the fourth quarter of 2015. On a non-GAAP basis, net profit for the fourth quarter of 2016 was $1.2 million, or $0.03 per basic and diluted share. This compares with non-GAAP net profit of $0.7 million, or $0.02 per basic and diluted share, in the fourth quarter of 2015.

Net cash and cash equivalents as of December 31, 2016 totaled $113.7 million. The Company recorded positive operating cash flow of $4.2 million during the quarter. During the fourth quarter of 2016, cash used for the repurchase of the Company's shares in the market totaled $0.5 million.

2016 Financial results

On a GAAP basis, total revenues for the full year of 2016 were $90.4 million compared to $100.0 million in 2015. Net loss for the full year of 2016 was $8.0 million, or $0.24 per basic and diluted share. This compares with a net loss of $19.8 million, or $0.59 per basic and diluted share, in 2015.

On a non-GAAP basis, total revenues for the full year of 2016 were $90.5 million compared to $100.3 million in 2015. On a non-GAAP basis, net loss for the full year of 2016 was $0.7 million, or $0.02 per basic and diluted share. This compares with non-GAAP net loss of $0.1 million, or $0.00 per basic and diluted share, in 2015.

During the year of 2016, the Company recorded negative operating cash flow of $3.4 million and cash used for the repurchase of the Company's shares in the market totaled $3.8 million.

2017 Outlook

Management expects 2017 revenues in the range of $80 - $84 million.  The second half of 2017 is expected to be better than the first half and the book to bill ratio for the year is expected to be above 1.

Conference Call & Webcast:

The Allot management team will host a conference call to discuss fourth quarter and year end 2016 earnings results today, February 7, 2017 at 8:30 AM ET, 3:30 p.m. Israel time. To access the conference call, please dial one of the following numbers:

US: +1-347-293-1926, UK: +44(0) 20-3514-1906, Israel: +972-3-918-0609.

A recording of the conference call will be available from 12:00PM ET on February 7, 2017 for 30 days. To access the recording, please dial: +1-888-269-0005; UK: +44(0) 800-917-1246.

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 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. 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.

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					Year Ended
	December 31,					December 31,
	2016		2015			2016		2015
	(Unaudited)		(Unaudited)			(Unaudited)		(Audited)
Revenues	$       23,487		$       25,382			$       90,369		$       99,967
Cost of revenues	7,348		13,185			27,895		33,427
Gross profit	16,139		12,197			62,474		66,540
Operating expenses:
Research and development costs, net	5,461		6,476			24,221		26,422
Sales and marketing	7,476		10,142			35,290		43,318
General and administrative	1,910		3,209			9,812		12,702
Total operating expenses	14,847		19,827			69,323		82,442
Operating profit (loss)	1,292		(7,630)			(6,849)		(15,902)
Financial and other income (loss), net	423		232			1,059		(584)
Profit (loss) before income tax expenses	1,715		(7,398)			(5,790)		(16,486) Werbung Mehr Nachrichten zur Allot Communications Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 02:00 - PR Newswire BlackRock Energy and Resources Income Trust Plc - Total Voting Rights 24.04.24 - PR Newswire Invesco Asia Trust Plc - Transaction in Own Shares 24.04.24 - PR Newswire Ashtead Group Plc - Transaction in Own Shares SolarBank    Wie die Revolution der sauberen Energie eine solide Investitionsmöglichkeit bieten könnte weiterlesen» Anzeige wo-site-teaser-box-16755_site-teaser-box_2024-04-25_09%253A00%253A00_2024-04-26_09%253A00%253A59