By Connor Hart

Shares of Allot rose after the company narrowed its loss and logged higher revenue in the first quarter, boosted by the increased adoption of its products.

The stock climbed 25%, to $7.94, in afternoon trading Monday. Shares have nearly quadrupled in the past year, despite having fallen 12% in the last three months.

The Israel-based company, which provides network-intelligence and security solutions, posted a loss of $332,000, or 1 cent a share, for the quarter, compared with a loss of $2.5 million, or 7 cents a share, a year earlier.

Stripping out one time items, Allot notched adjusted earnings of 2 cents a share.

Revenue increased to $23.2 million from $21.9 million.

Chief Executive Eyal Harari said the company recently signed a number of multi-million dollar agreements with new customers for its Smart products such as Smart5G, which provides network-intelligence solutions to communication service providers, and SmartVisibility, which provides network analytics to CSPs.

He added that the company's security-as-a-service offerings are scaling quickly, with revenue increasing 49% from last year, to $5.1 million.

Looking forward, Allot guided for profitable growth in 2025, with both security-as-a-service revenue and annual recurring revenue achieving year-over-year increases of 50% or more.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 12, 2025 13:44 ET (17:44 GMT)

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