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General

Allot cuts FY revenue outlook again

Tuesday 1 November 2016 | 15:24 CET | News
Allot Communications has again cut its full-year outlook after weak results in the third quarter. The company said market conditions remained tough and orders were slower than expected for the year. Its Q3 revenues fell to USD 21.0 million from USD 23.5 million a year ago, and the net loss was unchanged at USD 3.4 million or 10 cents a share. The company now expects annual revenues of USD 87-90 million, down from a forecast three months of USD 90-94 million. It ended September with cash of USD 110.9 million, after negative operating cash flow of USD 5.0 million during the quarter.

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Categories: General
Companies: Allot
Countries: World
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