Allot Announces 1st Quarter 2021 Financial Results.

HOD HASHARON: 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 2021 financial results.

First Quarter 2021 Highlights

Continued growth: revenues of $31.2 million, up 6% year-over-year;

End of quarter cash and investments of $103 million;

Allot's first major penetration into US market: DISH Network Selected Allot to Protect the United States' First Cloud-native, OpenRAN-based 5G Network and its Customers from Cybersecurity Threats.

Financial Outlook

Management continues to expect 2021 revenues to grow to between $145-150 million;

Management continues to expect to close recurring security deals in 2021 with an MAR* expected to exceed $180 million;

Management continues to expect recurring security revenues in 2021 to be at least $6 million, and around $25 million in 2022.

Management Comment

Erez Antebi, President & CEO of Allot, commented: "We are pleased with our start to 2021 with continued year-over-year revenue growth. From the strategic perspective, we are very happy with our first major penetration into the US market and are thrilled that DISH chose to partner with us to help secure their innovative 5G network, which will be one of the most advanced in the US market. This deal, together with Dish's stated intent to sign an additional deal with Allot to launch network based security services to their customers, is a major indication on the importance of security to 5G networks and customers worldwide."

Continued Mr. Antebi, "We see 2021 as a transformation year for Allot. We expect that as our SECaaS partners begin to launch their services over the coming months, we will see the initial ramp of these recurring revenues. We are very...