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General

Allot narrows loss, lifts revenues 17% in Q1

Tuesday 14 May 2019 | 11:34 CET | News
Allot said revenues for the first quarter rose 17 percent from the year before to USD 25.3 million. The gross margin improved to 71.2 percent from 68.1 million and the operating loss narrowed somewhat to USD 3.3 million from a loss of 3.5 million. The net loss also reduced, to USD 3.3 million from a loss of 3.7 million. The company had USD 101.5 million worth of cash and investments at the end of March, from 103.9 million at end December.

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Categories: General
Companies: Allot
Countries: World
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