Allot Ltd. Reports Strong Q4 2024 Financial Results with Notable SECaaS Growth

Allot ( (ALLT) ) just unveiled an announcement.

On February 25, 2025, Allot Ltd. announced its unaudited financial results for the fourth quarter and full year of 2024, highlighting a return to revenue growth and profitability. The company reported a 2% year-over-year revenue increase to $24.9 million for the fourth quarter, with its Security as a Service (SECaaS) revenues growing by 49% year-over-year. Allot’s non-GAAP gross margin improved significantly to 69.7%, and the company generated a positive operating cash flow of $4.1 million. CEO Eyal Harari emphasized the company’s strategic focus on security solutions and recent partnerships with major players like Verizon Business, which are expected to enhance long-term recurring revenue potential.

More about Allot

Allot Ltd. is a global provider of innovative network intelligence and security solutions, serving service providers and enterprises worldwide. The company offers network and application analytics, traffic control, shaping, and network-based security services, with its platforms deployed by over 500 service providers and 1,000 enterprises globally.

YTD Price Performance: 6.79%

Average Trading Volume: 894,825

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $254.1M

For detailed information about ALLT stock, go to TipRanks’ Stock Analysis page.