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Allot Announces First Quarter 2024 Financial Results

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2 years ago

on

HOD HASHARON, Israel, May 29, 2024 /PRNewswire/ — Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, today announced its unaudited first quarter 2024 financial results.

Financial Highlights for the First Quarter

First quarter revenues were $21.9 million, up 4% year-over-year;First quarter gross margins improved year over year by 8.1% to 69.0% on a GAAP basis and by 4.7% to 70.4% on a non-GAAP basis;SECaaS revenues were $3.4 million for Q1 up 51% year-over-year and March 2024 SECaaS ARR* was $13.7 million;Net loss improved and was reduced significantly year over year: on a GAAP basis, net loss reduced by 77.9% to $2.5 million and on a non-GAAP basis, net loss reduced by 88.8% to $0.9 million;

Financial Outlook

For the full year 2024, management reiterates that it expects:

Non-GAAP operating profit and net cash flow breakeven;Continued yearly double-digit growth of SECaaS revenues and ARR;

Management Comment

Eyal Harari, CEO of Allot commented, “We are pleased with the strong progress we have made stabilizing the business and lowering expenses to align our operating costs to current revenue levels. Revenues improved year-over-year, and we lowered our expenses by 26% (on a Non-GAAP basis), significantly reducing our operating and net loss. We are working hard to bring the business back to profitability while maintaining our investment in our long-term growth engine, Security as a Service (SECaaS).”

“I am thrilled with the opportunity to join Allot. I believe we have a bright future, and I am looking forward to working with the Allot team to drive profitable growth,” added Mr. Harari.

Q1 2024 Financial Results Summary

Total revenues for the first quarter of 2024 were $21.9 million, an increase of 4% compared to $21.1 million in the first quarter of 2023.

Gross profit on a GAAP basis for the first quarter of 2024 was $15.1 million (gross margin of 69.0%), a 12% increase compared with $13.5 million (gross margin of 63.8%) in the first quarter of 2023.

Gross profit on a non-GAAP basis for the first quarter of 2024 was $15.4 million (gross margin of 70.4%), an 8% increase compared with $14.2 million (gross margin of 67.2%) in the first quarter of 2023.   

Net loss on a GAAP basis for the first quarter of 2024 was $2.5 million, or $0.07 per basic share, an improvement compared with a net loss of $11.4 million, or $0.30 per basic share, in the first quarter of 2023.

Net loss on a non-GAAP for the first quarter of 2024 was $0.9 million, or $0.03 per basic share an improvement compared with a non-GAAP net loss of $7.7 million, or $0.21 per basic share, in the first quarter of 2023.  

Cash, short-term bank deposits, and investments as of March 31, 2024, totaled $52.6 million, compared to $54.9 million as of December 31, 2023.

Conference Call & Webcast:

The Allot management team will host a conference call to discuss its first quarter 2024 earnings results today, May 29, 2024, at 9:00 am ET, 4:00 pm Israel time. To access the conference call, please dial one of the following numbers:

US: 1-888-642-5032, UK: 0-800-917-5108, Israel: +972-3-918-0610

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 provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed, and cloud service providers and over 1,000 enterprises. Our industry-leading network-based security as a service solution is already used by many millions of subscribers globally. Allot. See. Control. Secure.

For more information, visit www.allot.com.

Performance Metrics

* Total ARR – Support & Maintenance ARR (measures the current annual run rate of support & maintenance revenues, which is calculated based on the expected revenues for the first quarter of 2024, excluding one-time items, and multiplied by 4) and SECaaS ARR (measures the current annual run rate of SECaaS revenues, which is calculated based on estimated revenues for the month of Mar. 2024 and multiplied by 12).

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.

Logo: https://mma.prnewswire.com/media/703889/Allot_Logo.jpg

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

March 31,

2024

2023

(Unaudited)

Revenues

$       21,890

$       21,126

Cost of revenues

6,792

7,651

Gross profit  

15,098

13,475

Operating expenses:

Research and development costs, net

7,149

10,494

Sales and marketing

7,790

10,887

General and administrative

2,902

3,960

Total operating expenses

17,841

25,341

Operating loss

(2,743)

(11,866)

Financial and other income, net

540

794

Loss before income tax expenses

(2,203)

(11,072)

Tax expenses

307

290

Net Loss

(2,510)

(11,362)

Basic net loss per share

$         (0.07)

$         (0.30)

Diluted net loss per share

$         (0.07)

$         (0.30)

Weighted average number of shares used in 

computing basic net loss per share

38,411,724

37,421,720

Weighted average number of shares used in 

computing diluted net loss per share

38,411,724

37,421,720

 

 

 

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

March 31,

2024

2023

(Unaudited)

GAAP cost of revenues

$          6,792

$          7,651

 Share-based compensation (1) 

(154)

(531)

 Amortization of intangible assets (2) 

(152)

(193)

Non-GAAP cost of revenues

$          6,486

$          6,927

 GAAP gross profit 

$        15,098

$        13,475

 Gross profit adjustments 

306

724

 Non-GAAP gross profit 

$        15,404

$        14,199

 GAAP operating expenses 

$        17,841

$        25,341

 Share-based compensation (1) 

(1,206)

(2,937)

 Non-GAAP operating expenses 

$        16,635

$        22,404

 GAAP financial and other income 

$             540

$            794

 Expenses related to M&A activities (3) 

–

14

 Exchange rate differences* 

94

(43)

 Non-GAAP Financial and other income 

$             634

$            765

 GAAP taxes on income 

$             307

$            290

 Changes in tax related items 

(44)

(25)

 Non-GAAP taxes on income 

$             263

$            265

 GAAP Net Loss 

$         (2,510)

$      (11,362)

 Share-based compensation (1) 

1,360

3,468

 Amortization of intangible assets (2) 

152

193

 Expenses related to M&A activities (3) 

–

14

 Exchange rate differences* 

94

(43)

 Changes in tax related items 

44

25

 Non-GAAP Net income (loss) 

$            (860)

$        (7,705)

 GAAP Loss per share (diluted) 

$           (0.07)

$          (0.30)

 Share-based compensation 

0.04

0.09

 Amortization of intangible assets

–

–

 Expenses related to M&A activities

–

–

 Exchange rate differences*

–

–

 Changes in tax related items

–

–

 Non-GAAP Net income (loss) per share (diluted) 

$           (0.03)

$          (0.21)

Weighted average number of shares used in 

computing GAAP diluted net loss per share

38,411,724

37,421,720

Weighted average number of shares used in 

computing non-GAAP diluted net loss per share

38,411,724

37,421,720

* Financial income or expenses related to exchange rate differences in connection with revaluation of assets and

 liabilities in non-dollar denominated currencies. 

 ** While amortization of acquired intangible assets is excluded from the measures, the revenue of the acquired  

 companies is reflected in the measures and the acquired assets contribute to revenue generation. 

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

March 31,

2024

2023

(Unaudited)

(1) Share-based compensation:

Cost of revenues

$             154

$            531

Research and development costs, net

498

1,202

Sales and marketing

443

1,037

General and administrative

265

698

$          1,360

$          3,468

 (2) Amortization of intangible assets 

Cost of revenues

$             152

$            193

$             152

$            193

 (3) Expenses related to M&A activities 

Financial income

$               –

$              14

$               –

$              14

 

 

TABLE  – 3

ALLOT LTD.

AND ITS SUBSIDIARIES

CONSOLIDATED  BALANCE  SHEETS

(U.S. dollars in thousands)

March 31,

December 31,

2024

2023

(Unaudited)

(Audited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$                  22,718

$              14,192

Restricted deposit

1,182

1,728

Short-term bank deposits

–

10,000

Available-for-sale marketable securities

28,657

28,853

Trade receivables, net  (net of allowance for credit

losses of $25,363 and $25,253 on March 31, 2024 and

December 31, 2023, respectively)

15,019

14,828

Other receivables and prepaid expenses

6,996

8,437

Inventories

11,707

11,874

Total current assets

86,279

89,912

NON-CURRENT ASSETS:

Severance pay fund

389

395

Restricted deposit

–

158

Operating lease right-of-use assets

2,505

3,057

Other assets 

1,091

704

Property and equipment, net

10,403

11,189

Intangible assets, net

763

915

Goodwill

31,833

31,833

Total non-current assets

46,984

48,251

Total assets

$                  133,263

$              138,163

LIABILITIES AND SHAREHOLDERS’

EQUITY

CURRENT LIABILITIES:

Trade payables

$                        709

$                     969

Deferred revenues

15,168

14,892

Short-term operating lease liabilities

1,494

1,453

Other payables and accrued expenses

18,075

22,094

Total current liabilities

35,446

39,408

LONG-TERM LIABILITIES:

Deferred revenues

8,531

7,437

Long-term operating lease liabilities

202

702

Accrued severance pay

1,016

1,080

Convertible debt

39,823

39,773

Total long-term liabilities

49,572

48,992

SHAREHOLDERS’ EQUITY

48,245

49,763

Total liabilities and shareholders’ equity

$                  133,263

$              138,163

 

 

TABLE  – 4

ALLOT LTD.

AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(U.S. dollars in thousands)

Three Months Ended

March 31,

2024

2023

(Unaudited)

Cash flows from operating activities:

Net Loss

$        (2,510)

$    (11,362)

Adjustments to reconcile net income to net cash used in operating activities:

Depreciation

1,215

1,320

Stock-based compensation

1,360

3,468

Amortization of intangible assets

152

276

Increase (Decrease) in accrued severance pay, net

(58)

60

Decrease in other assets, other receivables and prepaid expenses

717

499

Decrease (Increase) in accrued interest and  amortization of premium/discount on marketable securities 

(372)

19

Decrease in operating leases liability

(459)

(1,105)

Decrease in operating lease right-of-use asset

552

722

Decrease (Increase) in trade receivables

(191)

4,486

Decrease (Increase) in inventories

167

(3,453)

Increase (Decrease) in trade payables

(262)

739

Decrease in employees and payroll accruals

(3,486)

(1,452)

Increase (Decrease) in deferred revenues

1,370

(2,169)

Decrease in other payables, accrued expenses and other long term liabilities

(554)

(901)

Amortization of issuance costs of Convertible debt

50

49

Net cash used in operating activities

(2,309)

(8,804)

Cash flows from investing activities:

Decrease in restricted deposit

704

–

Investment in short-term bank deposits

–

(15,900)

Withdrawal of short-term bank deposits

10,000

32,900

Purchase of property and equipment

(429)

(270)

Investment in marketable securities

(24,275)

(8,983)

Proceeds from redemption or sale of marketable securities

24,835

3,370

Net cash provided by investing activities

10,835

11,117

Cash flows from financing activities:

Proceeds from exercise of stock options

–

–

Issuance of convertible debt

–

–

Net cash provided by financing activities

–

–

Increase in cash and cash equivalents

8,526

2,313

Cash and cash equivalents at the beginning of the period

14,192

12,295

Cash and cash equivalents at the end of the period

$        22,718

$     14,608

 

 

 

Other financial metrics (Unaudited)

U.S. dollars in millions, except number of full time employees, top 10 customers as a

% of revenues and number of shares

Q1-2024

FY 2023

FY 2022

Revenues geographic breakdown

Americas

4.3

20 %

16.6

18 %

21.8

18 %

EMEA

12.5

57 %

56.1

60 %

71.2

58 %

Asia Pacific

5.1

23 %

20.5

22 %

29.7

24 %

21.9

100 %

93.2

100 %

122.7

100 %

Revenue breakdown by type

Products

7.4

34 %

37.6

40 %

61.1

50 %

Professional Services

3.0

14 %

6.1

7 %

11.6

9 %

SECaaS (Security as a Service)

3.4

16 %

10.6

11 %

7.2

6 %

Support & Maintenance

8.1

36 %

38.9

42 %

42.8

35 %

21.9

100 %

93.2

100 %

122.7

100 %

Revenues per customer type

CSP

17.3

79 %

75.1

81 %

98.3

80 %

Enterprise

4.6

21 %

18.1

19 %

24.4

20 %

21.9

100 %

93.2

100 %

122.7

100 %

Top 10 customers as a % of revenues

47 %

47 %

44 %

Total number of full time employees 

505

559

749

(end of period)

Non-GAAP Weighted average number of basic shares  (in

 millions)

38.4

37.9

37.0

Non-GAAP weighted average number of fully diluted

shares  (in millions)

42.1

40.3

39.5

SECaaS (Security as a Service) revenues– U.S. dollars in millions (Unaudited)

Q1-2024:

3.4

Q4-2023:

3.2

Q3-2023:

2.8

Q2-2023:

2.4

Q1-2023:

2.3

SECaaS ARR* (annualized recurring revenues)- U.S. dollars in millions (Unaudited)

Mar. 2024:

13.7

Dec. 2023:

12.7

Dec. 2022:

9.2

Dec. 2021:

5.2

*ARR: annualized recurring SECaaS revenues, calculated based on the monthly revenues multiplied by 12

 

View original content:https://www.prnewswire.com/news-releases/allot-announces-first-quarter-2024-financial-results-302157723.html

SOURCE Allot Ltd.

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Tessa AI Launches Tessa Newslink, a Free Tool That Checks Health News Against the Research Behind It

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2 minutes ago

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October 21, 2026

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Readers paste a link to a health story, and Newslink finds the studies behind it and shows, claim by claim, what the science actually supports

TUCSON, Ariz., Oct. 21, 2026 /PRNewswire/ — Tessa AI, Inc. (formerly Siensmetrica, Inc.) today launched Tessa Newslink, a free web tool that checks the health and medical claims in a news story against the published research behind them. Readers paste the link to an article into Newslink at news.tessapp.ai and, typically within one to four minutes, receive a plain-language report showing which of the story’s claims the research supports, which it overstates, and which it doesn’t address at all.

Health claims reach the public through news stories, podcasts, social media, influencers and product marketing, and many of them point to real studies. But as a finding travels from a journal to a headline to a social post, the details that determine what it means are often lost along the way: how many people were studied, whether the study involved people or mice, and whether it showed cause and effect or only a correlation. Few readers have the time or training to track down the original paper and check.

“Most people never get past the headline, but that isn’t a character flaw. The research is hard to find and even harder to read,” said Marc Toth, CEO of Tessa AI. “Newslink does that legwork. It finds the study, reads it, and shows whether the story got it right, with links so anyone can check our work. We’re not asking people to trust an AI. We’re showing them the evidence.”

How Tessa Newslink works

Identifies the claims. Newslink reads the article and pulls out its key health and medical claims, noting how strongly each one is made.Finds the research. It searches PubMed, Europe PMC and Crossref for the studies the story relies on. When an article doesn’t name its source, Newslink looks for published research that closely matches the subject.Compares the two. It weighs what each study actually found against what the story says.Delivers a verdict. The story as a whole is rated Supported, Mostly Supported, Mostly Unsupported or Entirely Unsupported, with a green, yellow or red indicator that shows at a glance how well it holds up. Each claim is rated individually as Supported, Overstated, Unsupported, or Can’t Be Checked when the research doesn’t address it.

Every report links back to the original article, to each claim, to the research itself, and to Tessa’s Summary Analysis of each study, including its TScore, Tessa’s 0-to-100 rating of a study’s overall trustworthiness. Reports can be quickly shared to X, LinkedIn or Facebook, or by link through email and text.

Newslink is designed for anyone who reads health news, including the people who report it. Journalists, editors, clinicians and patient advocates can use it to see what a study did and didn’t show before they cover it, cite it or pass it along.

“Health misinformation isn’t kept behind a paywall, so the tools for checking it shouldn’t be either,” Toth said. “Making Newslink free was the whole point.”

Newslink runs on the same T.E.S. (Transparency, Explainability, and Significance) analysis engine as Tessa and Tessa Pro, which researchers, clinicians, peer reviewers and biopharma professionals have used to evaluate biomedical research since the platform’s public launch in May 2026. Newslink evaluates whether published research supports the claims in a story; it does not provide medical advice.

Availability
Tessa Newslink is available now at no cost at https://news.tessapp.ai. There’s no account, sign-in or daily limit: readers simply paste in the link to the story they want to check.

Tessa AI is also exploring partnerships with health, news and social media platforms interested in bringing Newslink’s claim checking to their audiences. Publishers and platforms can reach the company at partners@tessaai.co.

Tessa AI’s product team will also preview Newslink this week with attendees of DOC 2026: Longevity Science & Medical AI in Sonoma, Calif.

About Tessa AI, Inc.
Tessa AI, Inc. (formerly Siensmetrica, Inc.) develops Tessa, an AI-powered platform that evaluates the trustworthiness of biomedical and healthcare research. Built on the T.E.S. (Transparency, Explainability, and Significance) framework, Tessa uses coordinated, specialized AI agents to assess a paper’s methodology, citations, reporting completeness, and risk of bias, and shows the evidence behind every score. The company’s products, including Tessa, Tessa Pro, and the free Tessa Newslink, support scientific research across its full lifecycle, from evaluating published studies to checking how they’re reported to the public. Learn more at www.tessaai.co.

Media contact:
Sage Osterfeld, CMO
425295@email4pr.com 
+1 (760) 593-7243

View original content:https://www.prnewswire.com/news-releases/tessa-ai-launches-tessa-newslink-a-free-tool-that-checks-health-news-against-the-research-behind-it-302915067.html

SOURCE Tessa AI, Inc.

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SKG Wins Three Global Travel Retail Awards, Showcasing Technology for Modern Travel and Expanding Global Presence

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2 minutes ago

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October 21, 2026

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PARIS, Oct. 21, 2026 /PRNewswire/ — Chinese health technology brand SKG has received three honors at the Global Travel Retail Awards 2026, with its G7 Pro Fold Neck Massager winning both “Best Technology Product” and “Best Travel Accessory,” while the W9 Ultra Waist Massager earned “Best Travel Exclusive Product.” Notably, “Best Technology Product” and “Best Travel Exclusive Product” were introduced for the first time in 2026, making SKG the inaugural winner in both categories. https://www.skg.com/?utm_source=media_name&utm_medium=pr&utm_campaign=product_launch_2026

The Global Travel Retail Awards is the only consumer-voted award in the global duty-free and travel retail industry. 80% of the final score comes from 5,000 international travelers selected from research agency m1nd-set’s traveler database, while a panel of travel content creators determines the remaining 20% following a three-day hands-on evaluation in London. This year’s winners also included internationally recognized brands such as Marc Jacobs and Clarins.

Under the awards program’s long-standing practice, both winning SKG products will enter global travel retail channels carrying the “Voted by Shoppers” designation, a mark that organizers say can significantly enhance consumer purchase intent.

Technology for Travel Wellness

The recognition comes as global air travel continues to recover and long-haul journeys, multi-stop itineraries, and intensive business travel become increasingly common. As travelers pay greater attention to managing neck, shoulder, and lower-back discomfort on the move, wearable wellness devices are becoming a regular part of carry-on essentials.

Designed to address these real-world travel needs, the G7 Pro Fold combines a 180-degree foldable structure with a lightweight 278-gram design, making it easy to pack and carry. The device integrates pulse stimulation, physical vibration, heat therapy, and dual-spectrum photothermal technology to provide a comprehensive relaxation experience during travel.

The award-winning W9 Ultra features multiple independently driven massage heads capable of simulating kneading, pinching, pressing, and other massage techniques across different body zones. Combining medium-frequency pulse technology with surround photothermal therapy, it features a flexible wearable design that can be comfortably used over clothing.

Behind these products is a long-term commitment to technology development and standards leadership. SKG has invested continuously in research and development for 19 years and holds more than 1,500 registered patents worldwide, including over 300 granted invention patents. The company operates a technology research institute, proprietary manufacturing facilities, and nine core laboratories. In China, it also led the development of the industry standard Household and Similar-Use Low-Frequency Massagers (QB/T 8100-2024), which took effect in July 2025.

Expanding Global Presence

The awards also reflect SKG’s broader globalization strategy. Rather than relying solely on an export-driven approach, the company has increasingly focused on building a localized presence in overseas markets. To address differences in wearing habits, ergonomic preferences, language environments, and service expectations, SKG extends localization efforts beyond distribution to product functionality, industrial design, user interfaces, regulatory compliance, and after-sales support. The company has established corporate or operational entities in China, Singapore, the United States, and the Netherlands, supported by an overseas team of nearly 100 employees.

Today, SKG products are available in more than 50 countries and regions across North America, Europe, Asia-Pacific, the Middle East, and Latin America. The brand sells through online platforms including Amazon, Lazada, Shopee, and its direct-to-consumer website, while also partnering with major offline retailers such as Costco, MediaMarkt, Saturn, Bic Camera, Takashimaya, and Selfridges. According to a Frost & Sullivan study completed in April 2025, SKG ranked No. 1 globally in smart massager sales revenue for three consecutive years from 2022 to 2024. Between 2023 and 2025, SKG achieved nearly twofold growth in revenue from markets outside mainland China.

As travel retail continues to evolve, SKG’s latest recognition highlights how technology-driven wellness products are responding to the realities of modern travel while demonstrating the company’s ongoing transition from exporting products to building lasting roots in global markets.

About SKG Health

Founded in 2007, SKG Health takes its name from the values “Smart, Kind and Global” and is a global leader in health technology focused on wearable devices across massage, sports recovery and everyday wellness. Its products are available in more than 50 countries and regions. Frost & Sullivan ranked SKG first in global smart massager sales from 2022 through 2024.

For more information, please visit https://www.skg.com/?utm_source=media_name&utm_medium=pr&utm_campaign=product_launch_2026.

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Technology

Real-time Hiring Data Offers Universities a New Way to Connect Students with Career Opportunities

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2 minutes ago

on

October 21, 2026

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Rollie Jobs reduces administrative burden for career services teams while expanding access to timely, relevant job postings

SOUTH BEND, Ind., Oct. 21, 2026 /PRNewswire/ — Helping students connect their education to meaningful career opportunities is a top priority for colleges and universities. As institutions continue to invest in student career success, new technologies are helping streamline connections between students and employers while creating efficiencies that support campus career services teams.

Rollie Jobs is expanding its work within higher education, bringing its AI-powered workforce intelligence platform to universities seeking to expand career opportunities for students, help career services teams work more efficiently and strengthen relationships with employer partners.

Rather than relying on employers to manually submit job postings, Rollie automatically aggregates active postings from employers and industries of interest to create continuously updated, branded job boards. The result is a simpler, more effective experience for everyone involved: career services teams spend less time managing listings and more time supporting students; students discover a broader, more current range of jobs; and employers benefit from greater exposure to qualified candidates.

“Students and families increasingly expect a college degree to open doors to meaningful careers,” said Alex Sejdinaj, co-founder of Rollie Jobs. “Career services teams play a critical role in helping students navigate their futures, and technology should make that work easier, not more complicated. Rollie automatically surfaces job opportunities from employers without requiring manual uploads or another account for students to access listings. That means institutions can complement existing career services efforts, strengthen connections with employers and help more students discover meaningful opportunities.”

Connecting Education and Employment
Rollie is currently working with higher education partners, including the University of Notre Dame, to explore new ways of connecting students with employment opportunities while giving career services teams and university leaders greater visibility into employer hiring activity.

Notre Dame’s Mendoza College of Business recently implemented Rollie’s technology in its graduate business career services stack, supporting staff efficiency while surfacing targeted opportunities from employers in specific fields.

“As employer recruiting continues to evolve, we have to be equally thoughtful and innovative in how we connect students with opportunities,” said Christina Frank-Lieberg, director of external engagement for the Mendoza College of Business. “Preparing students for lives of purpose includes helping them discover meaningful career opportunities. Rollie helps us deepen relationships with employers while giving students access to timely, relevant opportunities that support informed career decisions.”

Beyond the Job Board
Higher education institutions have access to more workforce information than ever before, from graduate outcomes and employer feedback to industry advisory boards and labor market reports. Rollie complements those resources by providing a continuously updated view of employer demand, helping institutions turn workforce data into actionable intelligence.

“AI has the potential to make workforce intelligence dramatically more accessible,” said Chris Frederick, co-founder of Rollie Jobs. “Instead of spending hours gathering information from multiple sources, university leaders can ask questions, explore hiring trends and gain meaningful insights in minutes. Our goal is to help institutions spend less time searching for information and more time building stronger connections between students, employers and opportunity.”

As higher education continues to focus on student career outcomes, Rollie helps institutions connect students with more career opportunities by automatically discovering job postings, eliminating manual job board management and giving students access to a continuously updated view of what employers are hiring for right now.

To learn more or schedule a demonstration, visit www.rolliejobs.com.

About Rollie Jobs
Rollie Jobs is an AI-powered workforce intelligence platform that helps organizations automatically collect live job postings, explore workforce data using AI and publish branded job boards. Serving chambers of commerce, economic development organizations, workforce partners and higher education institutions, Rollie transforms employer hiring activity into actionable workforce intelligence that helps organizations connect talent with opportunity. Visit www.rolliejobs.com.

Media Contact:

Ann Hastings
For Rollie Jobs
574-210-8425
425107@email4pr.com 

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