Allot profits for the 1st quarter: $ 15.1 million

Allot published its first quarter results for 2018. Revenues for the quarter were $ 21.7 million, up 18% from $ 18.4 million in the first quarter of 2017. GAAP gross profit for the first quarter of 2018 was $ 14.8 million (gross profit margin was 68.1%), an increase of 22% compared to $ 12.1 million (gross margin of 65.7%) in the first quarter of 2017.

Non-GAAP gross profit for the first quarter of 2018 was $ 15.1 million (gross margin of 69.6%), an improvement of 21% compared to $ 12.5 million (67.5% in the first quarter of 2017).

GAAP net loss for the first quarter of 2018 was $ 3.7 million, or $ 0.11 per diluted share, compared to a net loss of $ 5.1 million, or $ 0.15 per diluted share, for the first quarter of 2017.

Non-GAAP net loss for the first quarter of 2018 was $ 2.4 million, or $ 0.07 per diluted share, compared with a net loss of $ 3.6 million, or $ 0.11 per diluted share, in the first quarter of 2017.

The Company's cash balance as at 31 March 2018 was $ 104.7 million. The company generated a negative cash flow of $ 1.1 million from its operations during the first quarter of 2018.
Erez Antebi, CEO and President of Allot Communications, said: "The results of the first quarter indicate that we are successfully implementing our strategic plan that began last year to turn Allot into a security company. We see growth in the number of telecommunications service providers worldwide who understand that by offering premium premium broadband services they create significant revenue potential and also provide essential service to their customers. "
Allot Communications, which is traded on NASDAQ, is a leading global provider of advanced network intelligence and security solutions for communications providers, providing added value to their customers.