Allot posted a GAAP net income of $1m for Q4 08 compared to a GAAP net loss of $6.7m for Q4 07
Allot Communications, an Israel-based designer and developer of broadband service optimisation services, has posted a GAAP net income of $1 million, or $0.05 per share, for the fourth quarter of 2008 ended December 31, 2008, compared to a GAAP net loss of $6.7 million, or $0.31 per share in the fourth quarter of 2007.
Total revenues for the fourth quarter of 2008 reached $9.6 million, a 10% increase from the $8.7 million of revenues reported in the fourth quarter of 2007.
For the full year 2008, the company posted a GAAP net loss of $16.49 million, or $0.75 per share, compared to a GAAP net loss of $9.9 million or $0.46 per share in 2007. The company’s revenue for the full year 2008 increased to $37.1 million from $32.5 million in 2007.
Rami Hadar, president and CEO of Allot Communications, said: The record results for 2008 were attained despite the challenging economic conditions and demonstrate Allot’s attractive value proposition of optimising our customers’ networks in the near term while enabling opportunities to monetise their networks in the future. While our short term results may be affected by the evolving macroeconomic conditions, we believe that we are well-positioned to address the potential of the market in the long term.