Allot in an ambivalent forecast – the capital market

The dual company Allot, which provides network analytics and security solutions to communications providers, reported revenue of $ 39.1 million in the last quarter of 2020 – an increase of 28% compared to the same quarter’s revenue. Revenue for the entire 2020 totaled $ 135.9 million, an increase of 23% compared to 2019.

The company reports on MAR which expresses the maximum annual revenue potential of all signed deals of $ 192 million in 2020.

Non-GAAP 2020 operating profit was $ 0.5 million compared to an operating loss of $ 1.8 million in the same quarter in 2019.

Financial forecasts Management expects revenue for 2021 to grow to $ 145-150 million. Management expects to sign additional securities deals in a 2021 recurring revenue model with MAR expected to exceed $ 180 million. This means that the potential order amount is expected to decrease in 2021 compared to 2020.

Management expects Revenue from Security in 2021 to be in the range of $ 6-8 million and at least $ 25 million in 2022

With the publication of the results, Erez Antebi, President and CEO of Allot, said: “We are very pleased with the company’s achievements in 2020, which show continued strong and sustained growth in revenue and stable performance throughout the year. Internet threats are on the rise and an increasing number of customers and operators are seeing the need for network-based protection. Despite traffic restrictions and delays as a result of the COVID-19 epidemic, we have signed $ 192 million in revenue in the security sector in terms of MAR – significantly higher than our target. We see this as evidence of the high need for simple-to-use network-based cyber services. ”

Antebi added that “We see 2021 as a year of transformation in the market as our security partners have started launching their services and we will see an initial increase in revenue. We continue to invest in our products and marketing and sales, to realize the opportunities we face. We are very encouraged by the attention we gain “We look forward to continuing to sign additional $ 180 million MAR returns with $ 180 million in security, which will ensure us sustainable and long-term growth. We look forward to reaping the rewards from this move in the years to come.”