Allot Ltd 6-K, filed Nov 20, 2025
Allot Ltd. (ALLT)
6-K
2025-11-20
For: 2025-11-20
View Original
Added on
April 10, 2026
About this 6-K
Allot Ltd filed this 6-K on November 20, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2025
Commission File Number: 001-33129
ALLOT LTD.
(Translation of registrant’s name into English)
22 Hanagar Street
Neve Ne'eman Industrial Zone B
Hod-Hasharon 45240
Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ☐ No ☒
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
EXPLANATORY NOTE
On November 20, 2025, Allot Ltd. issued a press release announcing the Third Quarter 2025 Financial Results.
A copy of the press release entitled “Allot Announces Third Quarter 2025 Financial Results” is attached to this Form 6-K as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
Allot Ltd.
By: /s/ Liat Nahum
Liat Nahum
Chief Financial Officer
|
Date: November 20, 2025
EXHIBIT INDEX
The following exhibit has been filed as part of this Form 6-K:
| Exhibit Number |
Description
|
| 99.1 |
Exhibit 99.1
Allot Announces Third Quarter 2025 Financial Results
60% YoY SECaaS ARR growth with robust profitability; raising full year guidance
Hod Hasharon, Israel – November 20, 2025 - Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of innovative Security-as-a-Service
(SECaaS) and network intelligence solutions for communications service providers and enterprises, today announced its unaudited financial results for the third quarter of 2025.
Financial Highlights for the Third Quarter of 2025
| • |
Revenues of $26.4 million, up 14% year over year with SECaaS representing 28% of overall revenue;
|
| • |
September 2025 SECaaS ARR* of $27.6 million, up 60% year-over-year;
|
| • |
GAAP operating income of $2.2 million
versus loss of $0.2 million in Q3 2024;
|
| • |
Non-GAAP operating income of $3.7
million, compared with $1.1 million in Q3 2024;
|
| • |
Strong positive operating cash flow of $4.0 million and quarter-end total cash** of $81 million;
|
Management Comment
Eyal Harari, CEO of Allot, commented, “We reported a return to double-digit year-over-year revenue growth of 14% and our operations generated the highest
profitability in over a decade. The growth was driven by excellent performance from both our cyber security solutions and our network intelligence offerings.”
Mr. Harari continued, “We are advancing strongly on our cyber-security first strategy, and we are progressing well with our key customers. Helping our
customers achieve their business goals is a key to driving our profitable growth.”
Concluded Mr. Harari, “Given the continued accelerated SECaaS growth, our solid visibility, and high level of backlog, we expect that our SECaaS ARR
year-over-year growth will surpass 60%. We are raising our full year 2025 revenue guidance to between $100-103 million.“
Third Quarter 2025 Financial Results Summary
Total revenues for the third quarter of 2025 were $26.4 million, a 14% increase year-over-year compared with $23.2 million in the third quarter of 2024.
Gross profit on a GAAP basis for the third quarter of 2025 was $18.9 million (gross margin of 71.4%), a 15% increase compared with $16.4 million (gross margin
of 70.4%) in the third quarter of 2024.
Gross profit on a non-GAAP basis for the third quarter of 2025 was $19.1 million (gross margin of 72.2%), a 14% increase compared with $16.7 million (gross
margin of 71.7%) in the third quarter of 2024.
Operating income on a GAAP basis for the third quarter of 2025 was $2.2 million, compared with an operating loss of $0.2 million in the third quarter of 2024.
Operating income on a non-GAAP basis for the third quarter of 2025 was $3.7 million, compared with an operating income of $1.1 million in the third quarter of
2024.
Net income on a GAAP basis for the third quarter of 2025 was $2.8 million, or income of $0.07 per diluted share, an improvement compared to the net loss of
$0.2 million, or loss of $0.01 per basic share, in the third quarter of 2024.
Net income on a non-GAAP basis for the third quarter of 2025 was $4.6 million, or income of $0.1 per diluted share, compared to the non-GAAP net income of $1.3
million, or income of $0.03 per diluted share, in the third quarter of 2024.
Operating cash flow generated in the quarter was $4.0 million.
Net cash and cash equivalents, bank
deposits, restricted deposits and investments as of September 30, 2025, total $81 million, an increase of $22 million versus $59 million cash and cash
equivalents, bank deposits, restricted deposits and investment as of December 31, 2024. As of September 30, 2025, the company has no debt.
# # #
Conference Call & Webcast:
The Allot management team will host a conference call to discuss its third quarter 2025 earnings results today, November 20, 2025 at 9:00 am ET, 4:00 pm Israel time. To access the conference call,
please dial one of the following numbers:
US: 1-888-668-9141, UK: 0-800-917-5108, Israel: +972-3-918-0644
A live webcast and, following the end of the call, an archive of the conference call, will be accessible on the Allot website at: http://investors.allot.com/index.cfm
About Allot
Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a leading provider of innovative converged cybersecurity solutions and network intelligence offerings for service providers and enterprises worldwide. Allot
enhances value to its customers’ customers through its solutions, which are deployed globally for network-native cybersecurity services, network and application analytics, traffic control and shaping, and more. Allot’s multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-native security-as-a-service solution is already used by many millions of subscribers globally.
For more information, visit www.allot.com
Performance Metrics
* SECaaS ARR – measures the current annual recurring SECaaS revenues, which is calculated based on estimated revenues for the month of September 2025 and multiplied by 12.
** Total cash - net cash and cash equivalents, bank deposits, restricted deposits and investments.
GAAP to Non-GAAP Reconciliation:
The difference between GAAP and non-GAAP revenues is related to the acquisitions made by the Company and represents revenues adjusted for the impact of the fair value adjustment to acquired deferred
revenue related to purchase accounting. Non-GAAP net income is defined as GAAP net income after including deferred revenues related to the fair value adjustment resulting from purchase accounting and excluding stock-based compensation expenses,
amortization of acquisition-related intangible assets, deferred tax asset adjustment and changes in taxes-related items.
These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. The non-GAAP results and a full reconciliation between GAAP and non-GAAP results is
provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes they present a better measure of the Company’s core business and management uses the non-GAAP measures internally to evaluate the
Company’s ongoing performance. Accordingly, the Company believes they are useful to investors in enhancing an understanding of the Company’s operating performance.
Safe Harbor Statement
This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in such forward-looking statements. Important factors that could cause or contribute to
such differences include risks relating to: our accounts receivables, including our ability to collect outstanding accounts and assess their collectability on a quarterly basis; our ability to meet expectations with respect to our financial guidance
and outlook; our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors; government regulation; the timing of
completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing
lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual
report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
|
Investor Relations Contact:
EK Global Investor Relations
Ehud Helft
+1 212 378 8040
allot@ekgir.com
|
Public Relations Contact:
Seth Greenberg, Allot Ltd.
+972 54 922 2294
sgreenberg@allot.com
|
|
TABLE - 1
|
|
ALLOT LTD.
|
|
AND ITS SUBSIDIARIES
|
|
CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
(U.S. dollars in thousands, except share and per share data)
|
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||||
|
Revenues
|
$
|
26,405
|
$
|
23,235
|
$
|
73,606
|
$
|
67,289
|
||||||||
|
Cost of revenues
|
7,539
|
6,871
|
21,362
|
$
|
20,652
|
|||||||||||
|
Gross profit
|
18,866
|
16,364
|
52,244
|
$
|
46,637
|
|||||||||||
|
Operating expenses:
|
||||||||||||||||
|
Research and development costs, net
|
5,489
|
5,922
|
18,741
|
20,397
|
||||||||||||
|
Sales and marketing
|
8,148
|
7,699
|
22,747
|
23,400
|
||||||||||||
|
General and administrative
|
3,079
|
2,960
|
9,722
|
9,166
|
||||||||||||
|
Total operating expenses
|
16,716
|
16,581
|
51,210
|
52,963
|
||||||||||||
|
Operating income (loss)
|
2,150
|
(217
|
)
|
1,034
|
(6,326
|
)
|
||||||||||
|
Loss from extinguishment
|
-
|
-
|
(1,410
|
)
|
-
|
|||||||||||
|
Other income
|
-
|
-
|
100
|
-
|
||||||||||||
|
Gain on sales of securities
|
193
|
-
|
193
|
-
|
||||||||||||
|
Financial income, net
|
676
|
513
|
1,709
|
1,542
|
||||||||||||
|
Income (loss) before income tax benefit
|
3,019
|
296
|
1,626
|
(4,784
|
)
|
|||||||||||
|
Income tax expenses
|
195
|
540
|
823
|
1,326
|
||||||||||||
|
Net income (loss)
|
$
|
2,824
|
$
|
(244
|
)
|
$
|
803
|
$
|
(6,110
|
)
|
||||||
|
Basic net income (loss) per share
|
$
|
0.07
|
$
|
(0.01
|
)
|
$
|
0.02
|
$
|
(0.17
|
)
|
||||||
|
Diluted net income (loss) per share
|
$
|
0.07
|
$
|
(0.01
|
)
|
$
|
0.02
|
$
|
(0.17
|
)
|
||||||
|
Weighted average number of shares used in
|
||||||||||||||||
|
computing basic net income (loss) per share
|
41,487,057
|
39,202,550
|
42,580,555
|
38,777,119
|
||||||||||||
|
Weighted average number of shares used in
|
||||||||||||||||
|
computing diluted net income (loss) per share
|
43,253,509
|
39,202,550
|
44,909,810
|
38,777,119
|
||||||||||||
|
TABLE - 2
|
|
ALLOT LTD.
|
|
AND ITS SUBSIDIARIES
|
|
RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
(U.S. dollars in thousands, except per share data)
|
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||||
|
GAAP cost of revenues
|
$
|
7,539
|
$
|
6,871
|
$
|
21,362
|
$
|
20,652
|
||||||||
|
Share-based compensation (1)
|
(211
|
)
|
(153
|
)
|
(465
|
)
|
(631
|
)
|
||||||||
|
Amortization of intangible assets (2)
|
-
|
(152
|
)
|
(305
|
)
|
(456
|
)
|
|||||||||
|
Non-GAAP cost of revenues
|
$
|
7,328
|
$
|
6,566
|
$
|
20,592
|
$
|
19,565
|
||||||||
|
GAAP gross profit
|
$
|
18,866
|
$
|
16,364
|
$
|
52,244
|
$
|
46,637
|
||||||||
|
Gross profit adjustments
|
211
|
305
|
770
|
1,087
|
||||||||||||
|
Non-GAAP gross profit
|
$
|
19,077
|
$
|
16,669
|
$
|
53,014
|
$
|
47,724
|
||||||||
|
GAAP operating expenses
|
$
|
16,716
|
$
|
16,581
|
$
|
51,210
|
$
|
52,963
|
||||||||
|
Share-based compensation (1)
|
(1,348
|
)
|
(1,016
|
)
|
(3,524
|
)
|
(4,085
|
)
|
||||||||
|
Non-GAAP operating expenses
|
$
|
15,368
|
$
|
15,565
|
$
|
47,686
|
$
|
48,878
|
||||||||
|
GAAP Loss from extinguishment
|
$
|
-
|
$
|
-
|
$
|
(1,410
|
)
|
$
|
-
|
|||||||
|
Loss from extinguishment
|
-
|
-
|
1,410
|
-
|
||||||||||||
|
Non-GAAP Loss from extinguishment
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||
|
GAAP financial income
|
$
|
676
|
$
|
513
|
$
|
1,709
|
$
|
1,542
|
||||||||
|
Exchange rate differences*
|
116
|
139
|
159
|
343
|
||||||||||||
|
Non-GAAP Financial income
|
$
|
792
|
$
|
652
|
$
|
1,868
|
$
|
1,885
|
||||||||
|
GAAP taxes on income
|
$
|
195
|
$
|
540
|
$
|
823
|
$
|
1,326
|
||||||||
|
Changes in tax related items
|
(80
|
)
|
(45
|
)
|
(150
|
)
|
(222
|
)
|
||||||||
|
Non-GAAP taxes on income
|
$
|
115
|
$
|
495
|
$
|
673
|
$
|
1,104
|
||||||||
|
GAAP Net income (Loss)
|
$
|
2,824
|
$
|
(244
|
)
|
$
|
803
|
$
|
(6,110
|
)
|
||||||
|
Share-based compensation (1)
|
1,559
|
1,169
|
3,989
|
4,716
|
||||||||||||
|
Amortization of intangible assets (2)
|
-
|
152
|
305
|
456
|
||||||||||||
|
Loss from extinguishment
|
-
|
-
|
1,410
|
-
|
||||||||||||
|
Exchange rate differences*
|
116
|
139
|
159
|
343
|
||||||||||||
|
Changes in tax related items
|
80
|
45
|
150
|
222
|
||||||||||||
|
Non-GAAP Net income (loss)
|
$
|
4,579
|
$
|
1,261
|
$
|
6,816
|
$
|
(373
|
)
|
|||||||
|
GAAP Net income (loss) per share (diluted)
|
$
|
0.07
|
$
|
(0.01
|
)
|
$
|
0.02
|
$
|
(0.17
|
)
|
||||||
|
Share-based compensation
|
0.03
|
0.03
|
0.09
|
0.13
|
||||||||||||
|
Amortization of intangible assets
|
-
|
0.01
|
0.01
|
0.02
|
||||||||||||
|
Loss from extinguishment
|
-
|
-
|
0.03
|
-
|
||||||||||||
|
Non-GAAP Net income (Loss) per share (diluted)
|
$
|
0.10
|
$
|
0.03
|
$
|
0.15
|
$
|
(0.02
|
)
|
|||||||
|
Weighted average number of shares used in
computing GAAP diluted net income (loss) per share
|
41,487,057
|
39,202,550
|
42,580,555
|
38,777,119
|
||||||||||||
|
|
||||||||||||||||
|
Weighted average number of shares used in
computing non-GAAP diluted net income (loss) per share
|
44,592,351
|
42,421,818
|
46,409,437
|
38,777,119
|
||||||||||||
* Financial income or expenses related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies.
|
TABLE - 2 cont.
|
|
ALLOT LTD.
|
|
AND ITS SUBSIDIARIES
|
|
RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
(U.S. dollars in thousands, except per share data)
|
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||||
|
(1) Share-based compensation:
|
||||||||||||||||
|
Cost of revenues
|
$
|
211
|
$
|
153
|
$
|
465
|
$
|
631
|
||||||||
|
Research and development costs, net
|
400
|
402
|
1,022
|
1,687
|
||||||||||||
|
Sales and marketing
|
466
|
310
|
1,237
|
1,545
|
||||||||||||
|
General and administrative
|
482
|
304
|
1,265
|
853
|
||||||||||||
|
$
|
1,559
|
$
|
1,169
|
$
|
3,989
|
$
|
4,716
|
|||||||||
|
(2) Amortization of intangible assets
|
||||||||||||||||
|
Cost of revenues
|
$
|
-
|
$
|
152
|
$
|
305
|
$
|
456
|
||||||||
|
$
|
-
|
$
|
152
|
$
|
305
|
$
|
456
|
|||||||||
|
TABLE - 3
|
|
ALLOT LTD.
|
|
AND ITS SUBSIDIARIES
|
|
CONSOLIDATED BALANCE SHEETS
|
|
(U.S. dollars in thousands)
|
|
Septermber 30,
|
December 31,
|
|||||||
|
2025
|
2024
|
|||||||
|
(Unaudited)
|
(Audited)
|
|||||||
|
ASSETS
|
||||||||
|
CURRENT ASSETS:
|
||||||||
|
Cash and cash equivalents
|
$
|
24,232
|
$
|
16,142
|
||||
|
Restricted deposit
|
501
|
904
|
||||||
|
Short-term bank deposits
|
16,800
|
15,250
|
||||||
|
Available-for-sale marketable securities
|
38,827
|
26,470
|
||||||
|
Trade receivables, net (net of allowance for credit losses of $15,215 and $25,306 on September 30, 2025 and December 31, 2024 , respectively)
|
20,814
|
16,482
|
||||||
|
Other receivables and prepaid expenses
|
12,134
|
6,317
|
||||||
|
Inventories
|
14,208
|
8,611
|
||||||
|
Total current assets
|
127,516
|
90,176
|
||||||
|
NON-CURRENT ASSETS:
|
||||||||
|
Severance pay fund
|
$
|
248
|
$
|
464
|
||||
|
Restricted deposit
|
329
|
279
|
||||||
|
Operating lease right-of-use assets
|
5,787
|
6,741
|
||||||
|
Other assets
|
701
|
2,151
|
||||||
|
Property and equipment, net
|
5,304
|
7,692
|
||||||
|
Intangible assets, net
|
-
|
305
|
||||||
|
Goodwill
|
31,833
|
31,833
|
||||||
|
Total non-current assets
|
44,202
|
49,465
|
||||||
|
Total assets
|
$
|
171,718
|
$
|
139,641
|
||||
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
||||||||
|
CURRENT LIABILITIES:
|
||||||||
|
Trade payables
|
$
|
7,198
|
$
|
946
|
||||
|
Employees and payroll accruals
|
9,625
|
8,208
|
||||||
|
Deferred revenues
|
21,736
|
17,054
|
||||||
|
Short-term operating lease liabilities
|
1,081
|
562
|
||||||
|
Other payables and accrued expenses
|
11,106
|
9,200
|
||||||
|
Total current liabilities
|
50,746
|
35,970
|
||||||
|
LONG-TERM LIABILITIES:
|
||||||||
|
Deferred revenues
|
5,410
|
7,136
|
||||||
|
Long-term operating lease liabilities
|
5,192
|
5,807
|
||||||
|
Accrued severance pay
|
847
|
946
|
||||||
|
Convertible debt
|
-
|
39,973
|
||||||
|
Total long-term liabilities
|
11,449
|
53,862
|
||||||
|
SHAREHOLDERS' EQUITY
|
109,523
|
49,809
|
||||||
|
Total liabilities and shareholders' equity
|
$
|
171,718
|
$
|
139,641
|
||||
|
TABLE - 4
|
|
ALLOT LTD.
|
|
AND ITS SUBSIDIARIES
|
|
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
|
(U.S. dollars in thousands)
|
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2025
|
2024
|
2025
|
2024
|
|||||||||||||
|
(Unaudited)
|
(Unaudited)
|
|||||||||||||||
|
Cash flows from operating activities:
|
||||||||||||||||
|
Net income (loss)
|
$
|
2,824
|
$
|
(244
|
)
|
$
|
803
|
$
|
(6,110
|
)
|
||||||
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
||||||||||||||||
|
Depreciation and amortization
|
835
|
1,299
|
3,254
|
4,075
|
||||||||||||
|
Share-based compensation
|
1,559
|
1,169
|
3,989
|
4,716
|
||||||||||||
|
Capital loss
|
-
|
-
|
255
|
-
|
||||||||||||
|
Loss from extinguishment
|
-
|
-
|
1,410
|
-
|
||||||||||||
|
Other income
|
-
|
-
|
(100
|
)
|
-
|
|||||||||||
|
Gain on sales of securities
|
(193
|
)
|
-
|
(193
|
)
|
-
|
||||||||||
|
Changes in operating assets and liabilities:
|
||||||||||||||||
|
Decrease (Increase) in accrued severance pay, net
|
28
|
10
|
117
|
(155
|
)
|
|||||||||||
|
Decrease (Increase) in other assets, other receivables and prepaid expenses
|
(3,817
|
)
|
(696
|
)
|
(2,198
|
)
|
976
|
|||||||||
|
Decrease in accrued interest and amortization of premium on available-for sale marketable securities
|
(44
|
)
|
(392
|
)
|
(906
|
)
|
(1,169
|
)
|
||||||||
|
Increase (Decrease) in operating leases liability
|
190
|
(481
|
)
|
(13
|
)
|
(1,099
|
)
|
|||||||||
|
Decrease in operating lease right-of-use asset
|
292
|
675
|
871
|
1,849
|
||||||||||||
|
Decrease (Increase) in trade receivables
|
(679
|
)
|
438
|
(4,332
|
)
|
(2,542
|
)
|
|||||||||
|
Decrease (Increase) in inventories
|
(5,703
|
)
|
(443
|
)
|
(5,597
|
)
|
1,825
|
|||||||||
|
Increase in trade payables
|
6,274
|
2,139
|
6,252
|
2,155
|
||||||||||||
|
Increase (Decrease) in employees and payroll accruals
|
844
|
1,575
|
1,417
|
(2,560
|
)
|
|||||||||||
|
Increase (Decrease) in deferred revenues
|
420
|
(3,369
|
)
|
2,956
|
(1,404
|
)
|
||||||||||
|
Increase in other payables and accrued expenses
|
1,211
|
203
|
2,126
|
191
|
||||||||||||
|
Net cash provided by operating activities
|
4,041
|
1,883
|
10,111
|
748
|
||||||||||||
|
Cash flows from investing activities:
|
||||||||||||||||
|
Decrease in restricted deposit
|
-
|
-
|
353
|
703
|
||||||||||||
|
Investment in short-term bank deposits
|
(16,800
|
)
|
(5,500
|
)
|
(32,550
|
)
|
(9,300
|
)
|
||||||||
|
Withdrawal of short-term bank deposits
|
11,050
|
3,800
|
31,000
|
13,800
|
||||||||||||
|
Purchase of property and equipment
|
(100
|
)
|
(286
|
)
|
(789
|
)
|
(1,672
|
)
|
||||||||
|
Investment in marketable securities
|
(44,213
|
)
|
(9,532
|
)
|
(99,647
|
)
|
(44,284
|
)
|
||||||||
|
Proceeds from redemption or sale of marketable securities
|
38,694
|
21,980
|
88,377
|
54,040
|
||||||||||||
|
Proceeds from sale of patent
|
-
|
-
|
100
|
-
|
||||||||||||
|
Net cash provided by (used in) investing activities
|
(11,369
|
)
|
10,462
|
(13,156
|
)
|
13,287
|
||||||||||
|
Cash flows from financing activities:
|
||||||||||||||||
|
Issuance of share capital
|
4,617
|
-
|
42,308
|
-
|
||||||||||||
|
Proceeds from exercise of stock options
|
-
|
(2
|
) |
238
|
(1
|
) | ||||||||||
|
Redemption of convertible debt
|
-
|
-
|
(31,410
|
)
|
-
|
|||||||||||
|
Net cash provided by (used in) financing activities
|
4,617
|
(2
|
)
|
11,136
|
(1
|
)
|
||||||||||
|
Increase (Decrease) in cash and cash equivalents
|
(2,711
|
)
|
12,343
|
8,090
|
14,034
|
|||||||||||
|
Cash, cash equivalents at the beginning of the period
|
26,943
|
15,883
|
16,142
|
14,192
|
||||||||||||
|
Cash, cash equivalents at the end of the period
|
$
|
24,232
|
$
|
28,226
|
$
|
24,232
|
$
|
28,226
|
||||||||
|
Non-cash activities:
|
||||||||||||||||
|
ROU asset and lease liability decrease, due to lease termination
|
(12
|
)
|
-
|
(83
|
)
|
-
|
||||||||||
|
Redemption of convertible debt
|
-
|
-
|
(10,000
|
)
|
-
|
|||||||||||
|
Right-of-use assets obtained in the exchange for operating lease liabilities
|
-
|
5,795
|
-
|
5,795
|
||||||||||||
|
Other financial metrics (Unaudited)
|
|
U.S. dollars in millions, except top 10 customers as a % of revenues and number of shares
|
|
Q3-25
|
FY 2024
|
FY 2023
|
||||
|
Revenues geographic breakdown
|
||||||
|
Americas
|
8.1
|
31%
|
14.2
|
15%
|
16.6
|
18%
|
|
EMEA
|
12.9
|
49%
|
54.0
|
59%
|
56.1
|
60%
|
|
Asia Pacific
|
5.4
|
20%
|
24.0
|
26%
|
20.5
|
22%
|
|
26.4
|
100%
|
92.2
|
100%
|
93.2
|
100%
|
|
|
Revenues breakdown by type
|
||||||
|
Products
|
8.6
|
33%
|
30.1
|
33%
|
37.6
|
40%
|
|
Professional Services
|
1.1
|
4%
|
8.3
|
9%
|
6.1
|
7%
|
|
SECaaS (Security as a Service)
|
7.3
|
28%
|
16.5
|
18%
|
10.6
|
11%
|
|
Support & Maintenance
|
9.4
|
35%
|
37.3
|
40%
|
38.9
|
42%
|
|
26.4
|
100%
|
92.2
|
100%
|
93.2
|
100%
|
|
|
Top 10 customers as a % of revenues
|
60%
|
43%
|
47%
|
|||
|
Non-GAAP Weighted average number of basic shares (in millions)
|
41.5
|
38.9
|
37.9
|
|||
|
Non-GAAP weighted average number of fully diluted shares (in millions)
|
44.6
|
42.3
|
40.3
|
|
SECaaS (Security as a Service) revenues- U.S. dollars in millions (Unaudited)
|
||||
|
Q3-2025:
|
7.3
|
|||
|
Q2-2025:
|
6.4
|
|||
|
Q1-2025:
|
5.1
|
|||
|
Q4-2024:
|
4.8
|
|||
|
Q3-2024:
|
4.7
|
|||
|
SECaaS ARR* - U.S. dollars in millions (Unaudited)
|
||||
|
Sep. 2025:
|
27.6
|
|||
|
Dec. 2024:
|
18.2
|
|||
|
Dec. 2023:
|
12.7
|
|||
|
Dec. 2022:
|
9.2
|
|||