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AVEVA Expands CONNECT in India with New AI Capabilities to Accelerate Industrial Intelligence

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New AI capabilities empower local enterprises to safely scale operations, manage complexity, and drive sustainable growth.

MUMBAI, India, June 4, 2026 /PRNewswire/ — AVEVA, a global leader in industrial software, today announced a broad set of upcoming innovations for its industrial intelligence platform, CONNECT. Addressing the mounting challenge of data silos in the modern enterprise, the company is announcing a revolutionary industrial knowledge graph and a twin builder that applies agentic AI, slated for release in Q1 2027. By establishing a robust semantic model, this framework will act as the underlying architectural schematic that AI requires to deliver truly useful, accurate, and trusted outputs. Rather than feeding AI raw, disjointed information, this framework provides critical operational context by mapping the complex relationships between physical assets, empowering industrial teams to troubleshoot faster and make high-impact decisions with confidence.

The updates will make it faster and simpler for industrial organisations to put the full breadth of their industrial data to work, driving better decisions, stronger compliance, and AI-enhanced intelligent operations.

For industrial organisations, the pressure to adopt AI is intensifying, and so are the underlying challenges: complex regulatory environments, a growing sustainability imperative, ageing infrastructure and fragmented data. Today, up to 73% of all data collected within enterprises goes unused. Furthermore, 76% of business leaders report finding it difficult to understand their data. CONNECT bridges this gap by leveraging the cloud to empower ecosystems securely and seamlessly across the value chain, driving exponential business growth.

“For industrial enterprises globally, the challenge is not ambition but infrastructure,” shared Zubin Davar, VP – CONNECT Platform GTM. “The promise of AI remains largely unrealised for most industrial teams because operations data, engineering data, asset context, workflows, and compliance frameworks all need to be managed in one place without losing fidelity, lineage, or meaning. CONNECT is designed to close this gap across every layer of deeply heterogeneous industrial technology stacks. By lowering the cost and complexity of unifying industrial data, we help customers turn fragmented data into trusted intelligence, accelerating their AI-driven transformation.”

Accelerating industrial intelligence with customers and academia in India

Highlighting the strategic importance of the platform and its rapid adoption in the region, AVEVA announced the signing of Memorandums of Understanding (MoUs) with leading industry customers, including Deccan Fine Chemicals (I) Pvt. Limited, and Reliance Power Limited, at the India CONNECT launch event held in Mumbai. These strategic agreements are aimed at accelerating the implementation of CONNECT by leveraging cloud capabilities to enable a secure, seamless, and collaborative digital ecosystem across the value chain, driving sustainable and exponential business growth.

In addition, AVEVA signed an MoU with VJTI’s Technology Business Incubator (TBI), VJTI is an autonomous institution of repute, owned by the Maharashtra State Government, reinforcing its commitment to academia-led skill development and innovation and supporting the creation of a future-ready talent pool to meet evolving industry needs.

“The announcements at AVEVA World, coupled with these MoUs signed at the India CONNECT launch, reflect our commitment to matching the depth and pace of progress Indian enterprises are making,” said Tarun Singh, Country Head, AVEVA India. “India’s industrial sector is scaling rapidly, and by embedding AI and intelligence deeply into industrial workflows through CONNECT, we are helping local organizations move faster, manage complexity, and operate with confidence.”

CONNECT: expanding the data and AI ecosystem

To build on this momentum, AVEVA’s industrial intelligence platform CONNECT is significantly expanding its integrations with leading enterprise data platforms, introducing key capabilities critical to driving industrial pipeline generation and enterprise-wide transformation. Central to this expansion is a new strategic integration and partnership with Snowflake. Utilizing a zero-copy architecture, industrial enterprises can now query high-fidelity OT data directly within Snowflake without the need to duplicate or move data, ensuring a single source of truth while dramatically lowering latency and integration costs.

AVEVA is also streamlining data management with the launch of CONNECT Flows (formerly Crosser). This introduces new stream analytics and integration capabilities that enable the seamless assembly and deployment of data processing pipelines for real-time edge-to-cloud cleansing, filtering, and transformation. Simultaneously, the platform’s cloud and AI ecosystem is scaling rapidly. AVEVA is launching multicloud CONNECT in partnership with Amazon Web Services (AWS) to offer customers unprecedented hosting flexibility. Furthermore, the company is forging a new strategic and technology partnership with IFS and launching Digital Twins for AI Factories in collaboration with NVIDIA and Schneider Electric.

Looking ahead, a major CONNECT release is planned for Q1 2027, bringing a range of new capabilities, including an industrial knowledge graph that makes it faster to construct, enrich, and operationalise digital twins. Slated for an Early Access Program opening this year, this knowledge graph is populated using a twin builder that applies agentic AI to propose intelligent mappings, aligning existing, fragmented data sources to a standard data model. This radically accelerates time-to-value while preserving information lineage and ensuring rigorous data governance so every decision can be trusted.

By bringing these advanced data management and AI capabilities to the Indian market, AVEVA is empowering local enterprises to overcome data fragmentation and safely scale their digital transformation initiatives. As India continues its rapid industrial expansion, CONNECT provides the secure, unified foundation organizations need to turn complex operational data into a strategic asset.

About AVEVA

AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. Over 90% of leading industrial enterprises rely on AVEVA to help them deliver life’s essentials: safe, reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA helps them engineer capital projects more efficiently, operate better and create sustainable value, from the plant to the cloud and beyond. Through our industrial intelligence platform, CONNECT, and our trusted and secure information management applications enriched with industrial AI, AVEVA empowers businesses to drive deeper collaboration between teams and to accelerate insight across their ecosystem of suppliers, partners and customers. 

Named as one of the world’s most innovative companies, AVEVA’s open solutions draw on the expertise of more than 6,000 employees, 5,000 partners and 5,700 certified developers. The company, which has operations around the globe, is headquartered in Cambridge, UK. Learn more at www.aveva.com. 

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Govee Strengthens Its Commitment to User Security with Updated Security Response Center

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BELLEVUE, Wash., Nov. 12, 2026 /PRNewswire/ — Govee, a global leader in smart lighting, today announced the update of its official Security Response Center, reinforcing its ongoing commitment to protecting user privacy and product security through greater transparency and closer collaboration with the global security research community.

At Govee, user privacy and product security are top priorities. The updated Security Response Center provides a centralized platform where users and researchers can access security advisories, stay informed about security updates, and learn more about Govee’s coordinated vulnerability disclosure process.

As part of this initiative, Govee is strengthening its engagement with security researchers worldwide through its Vulnerability Reward Program. Researchers are encouraged to responsibly report potential vulnerabilities, with eligible submissions qualifying for bounty rewards following review and verification, directly through Govee’s Security Response Center Portal. 

The platform also features a Contributors section, publicly recognizing researchers who have helped improve Govee products and services, with their consent.

Through continued investment in security, transparent communication, and collaboration with independent researchers, Govee remains committed to delivering safer, more reliable products and experiences for its users.

For more information, visit the Govee Security Response Center: security.govee.com

About Govee

Govee has been revolutionizing the smart living experience with innovative, ambient lighting solutions since 2017. From living spaces, gaming setups, and outdoor areas, Govee’s smart home tech is not just visually stunning, but also functional – transforming small everyday moments into more personalized and brighter engaging lighting experiences. Embracing the idea that users should “Life is Colorful” and push the boundaries of what lighting can do by blending design, and utility. To learn more about Govee, please visit govee.com.

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Rafay and Fortanix Help Neoclouds, Sovereign AI Clouds and Enterprises Deliver Confidential AI as a Service

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Joint solution lets operators run customers’ AI workloads in attested, hardware-isolated environments where sensitive data and models stay encrypted even while in use.

SUNNYVALE, Calif., Nov. 12, 2026 /PRNewswire/ — Rafay Systems and Fortanix® Inc. today announced a joint solution that lets neoclouds, sovereign AI clouds and enterprises deliver confidential AI as a Service. The Rafay Platform now orchestrates workloads that run on CNCF® Confidential Containers (CoCo) with Fortanix Confidential AI, extending the companies’ existing integration for confidential virtual machines.

With the joint solution, operators can offer AI workloads that run inside hardware-based Trusted Execution Environments (TEEs), where encryption keys are released only after Fortanix verifies the environment and AI workload through cryptographic attestation. End users launch those workloads from the Rafay Developer Hub without filing a support ticket.

In regulated industries such as financial services, healthcare and the public sector, many of the mission critical AI use cases involve sensitive data such as customer records, patient information and financial transactions, and model providers need to protect the proprietary models that process it. These workloads often run on GPU infrastructure operated by a 3rd party: a neocloud, a sovereign cloud or a shared internal AI factory. Encryption protects data at rest and in transit, but without confidential computing, data and model weights must be decrypted for processing, leaving them exposed in CPU and GPU memory to anyone with privileged access to the infrastructure. Research from Fortanix and Atomik Research found that while 93% of AI leaders understand traditional encryption does not protect data while AI is processing it, only half can fully verify that protection is in place during inference.

“Confidential computing enables model owners to deploy proprietary AI models on third-party infrastructure with reduced risk of exposing valuable intellectual property, while creating new revenue opportunities for cloud operators to offer premium, security-focused AI inference services.” said Mohan Atreya, chief product officer at Rafay. “Fortanix verifies the environment through cryptographic attestation and controls the secure key release. Rafay turns that into a governed, multi-tenant service, so a neocloud or sovereign cloud can offer confidential AI as a SKU, and its customers can run sensitive workloads on infrastructure they don’t operate. With Confidential Containers, that model now reaches the Kubernetes pod, where AI teams already ship their workloads.”

How the Joint Solution Works

CoCo, a CNCF Incubating project, applies confidential computing to the Kubernetes pod. Built on Kata Containers, CoCo runs each pod in its own lightweight confidential virtual machine, with memory encrypted by the CPU and, on supported hardware, GPUs included in the trust boundary. Developers deploy workloads with standard Kubernetes workflows.

Fortanix Confidential Computing Manager (CCM) performs composite attestation across the confidential computing environment, verifying the integrity of CPU and GPU trusted execution environments, firmware, and software components before authorizing the release of encryption keys. Fortanix Data Security Manager (DSM), backed by a FIPS 140-3 Level 3 HSM certification, releases encryption keys only to environments CCM has attested. If attestation fails, encryption keys remain protected, preventing the workload from accessing sensitive data or executing successfully.

The Rafay Platform turns that infrastructure into a service operators can deliver to their own customers:

Cluster automation: Rafay blueprints install the Fortanix CoCo add-ons and keep them in sync on every confidential cluster.Multi-tenancy: Operators onboard GPU infrastructure once, then give each customer an isolated tenant.Self-service SKUs: Administrators package a confidential workload as a SKU in Rafay SKU Studio, and end users launch it on demand from the Rafay Developer Hub.Governance: Policy, access controls and quotas apply across tenants and clusters.

“Every AI Factory faces a trust dilemma. Model owners want their weights hidden from operators and customers; enterprises want their data hidden from model owners and operators; and operators must prove they can see neither, even via another tenant or compromised software,” said Anuj Jaiswal, Chief Product Officer at Fortanix. “Fortanix and Rafay resolve that dilemma in one click. Rafay orchestrates the deployment of proprietary models and AI applications across on-premises, sovereign and cloud infrastructures. Fortanix Confidential AI releases keys only to attested workloads, so model owners, enterprises, and operators, each keep control of what they own, every time it runs.”

Use Cases

Neoclouds and GPU cloud providers can offer confidential AI as a premium service, backed by attestation evidence that tenant workloads run in TEEs and that keys go only to verified workloads. Sovereign AI clouds can keep keys in an HSM under the operator’s control, on-premises or as SaaS, and attest what is running before any data is decrypted. Regulated enterprises in financial services, healthcare and the public sector can run AI on customer, patient or financial data while keeping it protected from the infrastructure operator during processing. AI model providers can deliver proprietary models into customer environments with weights that stay encrypted until the environment is attested.

A recorded demo shows the end-to-end workflow, with a customer of a neocloud launching a confidential application via the Rafay end user portal with attestation and key release by Fortanix.

Availability

Rafay support for CoCo-based deployments with Fortanix Confidential AI is available now, alongside the existing confidential VM integration. Fortanix announced Fortanix Confidential AI for CoCo on Oct. 19, 2026.

About Rafay Systems

Rafay Systems is a leading software provider powering the operators building the AI cloud, including neoclouds, telecommunications providers, enterprises, and sovereign AI operators. The Rafay Platform lets these organizations operationalize GPU and compute infrastructure with self-service automation, governance, and multi-tenancy, spanning bare metal provisioning, infrastructure lifecycle management, virtual machines, Kubernetes, GPU PaaS, AI development environments, and Token Factory for publishing AI models as token-metered inference services. By simplifying orchestration and operations across this stack, Rafay helps operators increase GPU utilization and turn raw infrastructure into monetizable, production-ready AI services, all while maintaining security, consistency, and control. Rafay is a validated partner in the NVIDIA AI Cloud Ready initiative. For more information, visit rafay.co.

About Fortanix

Fortanix is the global leader in data and AI security and a pioneer of Confidential Computing, delivering a unified platform to protect sensitive data, AI models, and applications across on-premises and multi-cloud environments—at rest, in transit, and in use. Built on hardware-enforced security, Fortanix enables workloads to run in tamper-proof, isolated enclaves, protecting against data leakage, model extraction, and unauthorized access, even from privileged insiders.

As enterprises scale modern AI factories, Fortanix provides a Confidential AI foundation built on attestation-based trust, secure key release, and zero-trust enforcement. This ensures AI systems remain verifiable, auditable, and trustworthy—while enabling crypto agility and long-term resilience through post-quantum cryptography (PQC).

Trusted by leading enterprises and sovereign entities in highly regulated industries and powered by an industry-standard approach to Confidential Computing supported by leading technology providers, including Intel, Microsoft, and NVIDIA, Fortanix enables organizations to safely use sensitive data and drive AI adoption with confidence.

Media Contacts

Rafay Systems: Angela Shugarts, angela@rafay.co 

Fortanix: BOCA Marketing for Fortanix, Fortanix@bocamarketing.com 

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Allot Announces Third Quarter 2026 Financial Results

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Revenue growth of 16% and SECaaS ARR increases 41% year-over-year

HOD HASHARON, Israel, Nov. 12, 2026 /PRNewswire/ — 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 2026.

Financial Highlights for the Third Quarter of 2026

Strong revenue growth to $30.6 million, up 16% year-over-year;Security-as-a-Service (SECaaS) revenues of $9.9 million, increasing 37% year-over-year;September 2026 SECaaS ARR* of $38.8 million, up 41% year-over-year;GAAP operating income of $2.8 million, compared with $2.2 million in the third quarter of 2025;Non-GAAP operating income of $3.9 million compared with $3.7 million in the third quarter of 2025;Operating cash flow of $7.4 million, up 85% compared with $4.0 million in the third quarter of 2025.

Management Comment

Eyal Harari, CEO of Allot, commented, ” This quarter demonstrated continued excellent execution and showed the strength of our business model. Allot is now a sustainably profitable company, and we continue to expand our profitability as we grow our business. We delivered a strong third quarter, combining double-digit revenue growth with improved profitability and robust cash generation. Growth was driven by both SECaaS and SMART solutions, that are both now showing double-digit year-over-year revenue increases. The SMART product growth follows our high level of backlog which we are converting into revenue, following our recent significant wins.”

Mr. Harari added, “SECaaS ARR continues to grow strongly at 41% year-over-year, further building our recurring revenue base and our visibility into the quarters ahead. We continue to innovate to find new ways to protect consumers, as demonstrated with our recent launch of Allot IOT security. As threat actors use AI to target individuals and businesses at-scale, it is becoming more critical for service providers to provide a layer of protection for their end-customers, supporting demand for cyber-security solutions.”

Mr. Harari concluded, “Given the momentum, we are raising the midpoint of our guidance for 2026 and narrowing the range to between $116 million and $118 million. We also expect SECaaS revenue growth for 2026, to be above 40%.”

Third Quarter 2026 Financial Results Summary

Total revenues for the third quarter of 2026 were $30.6 million, a 16% increase year-over-year compared with $26.4 million in the third quarter of 2025.

Gross profit on a GAAP basis for the third quarter of 2026 was $21.9 million (gross margin of 71.6%), a 16% increase compared with $18.9 million (gross margin of 71.4%) in the third quarter of 2025.

Gross profit on a non-GAAP basis for the third quarter of 2026 was $22.0 million (gross margin of 71.9%), a 15% increase compared with $19.1 million (gross margin of 72.2%) in the third quarter of 2025.

Operating income on a GAAP basis for the third quarter of 2026 was $2.8 million (operating margin of 9.2%), a 31% increase compared with $2.2 million (operating margin of 8.1%) in the third quarter of 2025.

Operating income on a non-GAAP basis for the third quarter of 2026 was $3.9 million (operating margin of 12.9%), a 6% increase compared with $3.7 million (operating margin of 14.0%) in the third quarter of 2025.

Net income on a GAAP basis for the third quarter of 2026 was $3.4 million, or $0.07 per diluted share, compared with $2.8 million, or $0.07 per diluted share, in the third quarter of 2025.

Net income on a non-GAAP basis for the third quarter of 2026 was $4.7 million, or $0.09 per diluted share, compared with $4.6 million, or $0.10 per diluted share, in the third quarter of 2025.

Operating cash flow generated in the quarter was $7.4 million, compared with $4.0 million in the third quarter of 2025.

Cash and cash equivalents, bank deposits, restricted deposits and investments as of September 30, 2026, totaled $112 million, compared with $88 million as of December 31, 2025.

Conference Call & Webcast:

The Allot management team will host a conference call to discuss its third quarter 2026 earnings results today, November 12, 2026, at 8:30 am ET, 1:30 pm UK, 3:30 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: https://investors.allot.com/ 

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 1,000 enterprises. Allot’s 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, calculated as estimated SECaaS revenues for the month of September 2026, multiplied by 12.

GAAP to Non-GAAP Reconciliation:

The Company presents non–GAAP financial measures that adjust GAAP results to exclude items that management considers not reflective of the Company’s ongoing operational performance. Non-GAAP gross profit is defined as GAAP gross profit excluding share-based compensation expenses, amortization of intangible assets and acquisition–related expenses. Non-GAAP operating income is defined as GAAP operating income excluding primarily share-based compensation expenses, amortization of intangible assets and acquisition–related expenses. Non-GAAP net income is defined as GAAP net income excluding primarily share-based compensation expenses, amortization of intangible assets, loss from extinguishment, acquisition–related and other non–recurring expenses, financial income or expenses related to exchange rate differences and changes in tax-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 are presented below. 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 within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our expected financial performance and operational performance including our revenue guidance, revenue, growth, demand for our solutions, our ability to execute our strategy, our ability to convert backlog into revenue, our product innovation, capital allocation, share repurchase programs, maximizing shareholder value, and future opportunities, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. These forward-looking statements 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 receivable, 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 third 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 for the fiscal year 2025, filed with the Securities and Exchange Commission as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Additionally, the 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

 

ALLOT LTD.

AND ITS SUBSIDIARIES

CONSOLIDATED  BALANCE  SHEETS

(U.S. dollars in thousands)

September 30,

December 31,

2026

2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$            29,650

$         17,107

Restricted deposit

4,243

3,573

Short-term bank deposits

24,500

15,100

Available-for-sale marketable securities

52,355

48,663

Trade receivables, net (net of allowance for credit losses of $9,095 and
$9,611 on September 30, 2026, and December 31, 2025, respectively)

28,974

17,451

Other receivables and prepaid expenses

6,845

9,906

Inventories

17,011

13,180

Total current assets

163,578

124,980

NON-CURRENT ASSETS:

Severance pay fund

$                 324

$              295

Restricted deposit

908

3,327

Operating lease right-of-use assets

6,143

5,518

Other assets

835

732

Property and equipment, net

4,978

6,014

Goodwill

31,833

31,833

Total non-current assets

45,021

47,719

Total assets

$          208,599

$       172,699

LIABILITIES AND

SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Trade payables

$               2,776

$               938

Employees and payroll accruals

11,433

9,254

Deferred revenues

42,980

24,700

Short-term operating lease liabilities

1,622

348

Other payables and accrued expenses

14,806

11,919

Total current liabilities

73,617

47,159

LONG-TERM LIABILITIES:

Deferred revenues

$               9,004

$            5,912

Long-term operating lease liabilities

4,463

5,392

Accrued severance pay

672

886

Total long-term liabilities

14,139

12,190

SHAREHOLDERS’ EQUITY

120,843

113,350

Total liabilities and shareholders’ equity

$           208,599

$        172,699

 


 

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,

2026

2025

2026

2025

Revenues

$                    30,588

$                  26,405

$                    84,750

$                  73,606

Cost of revenues

8,690

7,539

24,342

21,362

Gross profit 

21,898

18,866

60,408

52,244

Operating expenses:

Research and development
costs, net

6,351

5,489

19,624

18,741

Sales and marketing

8,580

8,148

24,445

22,747

General and administrative

4,153

3,079

10,898

9,722

Total operating expenses

19,084

16,716

54,967

51,210

Operating income

2,814

2,150

5,441

1,034

Loss from extinguishment

–

–

–

(1,410)

Other income

–

–

–

100

Financial income, net

1,091

869

3,851

1,902

Income before tax

3,905

3,019

9,292

1,626

Income tax expenses

486

195

1,358

823

Net income

$                      3,419

$                    2,824

$                      7,934

$                        803

Income per share

 Basic

$                        0.07

$                       0.07

$                        0.16

$                       0.02

 Diluted

$                        0.07

$                       0.07

$                        0.16

$                       0.02

Weighted average shares
outstanding

 Basic

49,276,707

41,487,057

49,070,116

42,580,555

 Diluted

49,806,002

43,253,509

49,845,813

44,909,810

 

 

 

 

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,

2026

2025

2026

2025

Cash flows from operating activities:

Net income

$              3,419

$                 2,824

$                 7,934

$                    803

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

Depreciation and amortization

588

835

1,933

3,254

Share-based compensation

1,123

1,559

3,860

3,989

Capital loss

113

–

113

255

Loss from extinguishment

–

–

–

1,410

Other income

–

–

–

(100)

Amortization of premium, discount and accrued
interest on marketable securities

162

(237)

(283)

(1,099)

Financial income from lease modification

–

–

(1,158)

–

Loss (gain) on foreign exchange on cash and
cash equivalents

68

(44)

99

(454)

Changes in operating assets and liabilities:

Increase (decrease) in accrued severance pay, net

36

28

(243)

117

Decrease (increase) in other assets, other
receivables and prepaid expenses

1,443

(3,817)

510

(2,198)

(Increase) decrease in operating leases liability

(834)

190

(253)

(13)

Increase in operating lease right-of-use asset

404

292

1,131

871

Increase in trade receivables

(3,804)

(679)

(11,523)

(4,332)

Decrease (increase) in inventories

486

(5,703)

(3,831)

(5,597)

Increase in trade payables

1,358

6,274

1,838

6,252

Increase (decrease) in employees and
payroll accruals

2,651

844

2,179

1,417

(Decrease) increase in deferred revenues

(1,963)

420

21,372

2,956

Increase in other payables and accrued expenses

2,125

1,211

2,737

2,126

Net cash provided by operating activities

7,375

3,997

26,415

9,657

Cash flows from investing activities:

(Increase) decrease in restricted deposit

(848)

–

1,749

353

Investment in short-term bank deposits

(13,000)

(16,800)

(44,400)

(32,550)

Withdrawal of short-term bank deposits

19,600

11,050

35,000

31,000

Purchase of property and equipment

(360)

(100)

(1,010)

(789)

Investment in marketable securities

(30,844)

(44,213)

(65,398)

(99,647)

Proceeds from redemption or sale of
marketable securities

35,660

38,694

61,910

88,377

Proceeds from sale of patent

–

–

–

100

Net cash provided by (used in)
investing activities

10,208

(11,369)

(12,149)

(13,156)

Cash flows from financing activities:

Issuance of share capital

–

4,617

–

42,308

Purchase of treasury stocks

(1,624)

(1,624)

Exercise of employee stock options

–

–

–

238

Redemption of convertible debt 

–

–

–

(31,410)

Net cash (used in) provided by
financing activities

(1,624)

4,617

(1,624)

11,136

Effect of exchange rate changes on cash and
cash equivalents

(68)

44

(99)

454

Increase (decrease) in cash and
cash equivalents

15,891

(2,711)

12,543

8,090

Cash and cash equivalents at the beginning
of the period

13,759

26,943

17,107

16,142

Cash and cash equivalents at the end
of the period

$            29,650

$                24,232

$                29,650

$                24,232

Non-cash activities:

Right-of-use assets obtained in exchange for
operating lease liabilities

–

(12)

593

(83)

Redemption of convertible debt

–

–

–

(10,000)

 

 

 

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,

2026

2025

2026

2025

(Unaudited)

(Unaudited)

GAAP cost of revenues

$                     8,690

$                     7,539

$               24,342

$           21,362

 Share-based compensation

(80)

(211)

(320)

(465)

 Amortization of intangible assets

–

–

–

(305)

Non-GAAP cost of revenues

$                     8,610

$                     7,328

$               24,022

$           20,592

 GAAP gross profit

$                   21,898

$                   18,866

$               60,408

$           52,244

 Share-based compensation

80

211

320

465

 Amortization of intangible assets

–

–

–

305

 Non-GAAP gross profit

$                   21,978

$                   19,077

$               60,728

$           53,014

 GAAP operating expenses

$                   19,084

$                   16,716

$               54,967

$           51,210

 Share-based compensation – Research and development costs, net 

(203)

(400)

(731)

(1,022)

 Share-based compensation – Sales and marketing

(427)

(466)

(1,590)

(1,237)

 Share-based compensation – General and administrative

(413)

(482)

(1,219)

(1,265)

 Non-GAAP operating expenses

$                    18,041

$                   15,368

$               51,427

$           47,686

 GAAP operating Income

$                     2,814

$                     2,150

$                 5,441

$             1,034

 Share-based compensation

1,123

1,559

3,860

3,989

 Amortization of intangible assets

$                             –

$                             –

$                         –

$                305

 Non-GAAP operating Income

$                     3,937

$                     3,709

$                 9,301

$             5,328

 GAAP Net income

$                     3,419

$                     2,824

$                 7,934

$                803

 Share-based compensation

1,123

1,559

3,860

3,989

 Amortization of intangible assets

–

–

–

305

 Loss from extinguishment

–

–

–

1,410

 Exchange rate differences*

(189)

116

(86)

159

 Changes in tax related items

329

80

627

150

 Non-GAAP Net income 

$                     4,682

$                     4,579

$               12,335

$             6,816

 Non-GAAP income per share

 Basic 

$                       0.10

$                       0.11

$                       0.25

$                   0.16

 Diluted 

$                       0.09

$                       0.10

$                       0.24

$                   0.15

Weighted average shares outstanding

 Basic 

49,276,707

41,487,057

49,070,116

42,580,555

 Diluted 

51,204,432

44,592,351

51,102,519

46,409,437

* Financial income or expenses related to exchange rate differences in connection
with revaluation of assets and liabilities in non-dollar denominated currencies.

 

 

 

Other financial metrics (Unaudited)

U.S. dollars in millions, except top 10 customers as a % of revenues and number of shares

Q3-26

FY 2025

FY 2024

Revenues geographic breakdown

Americas

5.8

19 %

19.1

19 %

14.2

15 %

EMEA

14.8

48 %

63.7

62 %

54.0

59 %

Asia Pacific

10.0

33 %

19.2

19 %

24.0

26 %

30.6

100 %

102.0

100 %

92.2

100 %

Revenues breakdown by type

SECaaS (Security as a Service)

9.9

33 %

26.8

26 %

16.5

18 %

Products & Professional Services

11.1

36 %

39.3

38 %

38.4

42 %

Support & Maintenance

9.6

31 %

35.9

36 %

37.3

40 %

30.6

100 %

102.0

100 %

92.2

100 %

Top 10 customers as a % of revenues

57 %

41 %

43 %

 

 

 

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

Q3-2026

9.9

Q2-2026

9.4

Q1-2026

8.7

Q4-2025:

8.1

Q3-2025:

7.3

SECaaS ARR* – U.S. dollars in millions (Unaudited)

Sep. 2026

38.8

Dec. 2025:

30.8

Dec. 2024:

18.2

Dec. 2023:

12.7

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/allot-announces-third-quarter-2026-financial-results-302937688.html

SOURCE Allot Ltd.

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