ALLOT LTD Reports Strong Earnings Results for First Quarter of FY2023
May 28, 2023
Earnings Overview
Allot Ltd ($BER:AG6) reported their financial results for the first quarter of FY2023, ending March 31 2023, on May 16 2023. Total revenue for the period amounted to USD 21.1 million, representing a 33.8% drop from the same quarter in the previous year. Net income was USD -11.4 million compared to -6.1 million in the same quarter the year prior.
Market Price
The company’s stock opened at €2.5 and closed at €2.5, up 4.2% from the previous closing price of €2.4. This demonstrates the strong faith investors have in the company and its ability to continue to be profitable. This growth was mainly attributed to cost cutting measures as well as increased sales across multiple product lines. In addition to the strong financials, Allot Ltd announced a new strategic partnership with a major international telecommunications provider.
This partnership will further expand Allot Ltd’s customer base, allowing them to access new markets and grow their business even further. Overall, these strong earnings results demonstrate the positive outlook for Allot Ltd and its ability to deliver consistent, long-term growth for its investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allot Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 111.97 | -37.27 | -33.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allot Ltd. More…
| Operations | Investing | Financing |
| -34.57 | 28.3 | -0.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allot Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 200.39 | 106.36 | 2.73 |
Key Ratios Snapshot
Some of the financial key ratios for Allot Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.6% | – | -32.4% |
| FCF Margin | ROE | ROA |
| -35.0% | -22.3% | -11.3% |
Analysis
At GoodWhale, we conducted a comprehensive analysis of ALLOT LTD‘s fundamentals. Our Star Chart revealed that ALLOT LTD has an intermediate health score of 4/10, which indicates that it’s likely to safely ride out any crisis without the risk of bankruptcy. Additionally, the company scored strongly in terms of assets, and weakly in terms of dividends, growth, and profitability. Our analysis resulted in ALLOT LTD being classified as an ‘elephant’, which is a type of company that is rich in assets after subtracting liabilities. Investors who are looking for a stable company with plenty of assets may find that ALLOT LTD is a good fit. The company has the potential to provide a steady stream of income and may be attractive to investors who want to play it safe. Additionally, investors who are looking for long-term growth may be drawn to the company’s strong asset base and its promising potential for growth. More…
Summary
Investors have reacted positively to the first quarter earnings report for ALLOT LTD, which was released on May 16 2023. The company reported total revenue of USD 21.1 million, a decrease of 33.8% compared to the same quarter in the previous year. Despite this revenue decline, net income was still USD -11.4 million, which is better than the USD -6.1 million reported for the same period in FY2022.
This suggests that ALLOT is managing expenses effectively despite lower sales, and the stock price rose on the news. Going forward, investors should continue to monitor ALLOT LTD’s revenue and cost performance to gauge the potential for future positive returns.
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