Allot Communications (NASDAQ: ALLT) reported Q1 EPS of ($0.07), $0.01 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $21.7 million versus the consensus estimate of $21.42 million.

Q1 2018 – Financial Highlights

• Revenues were $21.7 million, up 18% year-over-year;
• GAAP gross margin was 68%; Non-GAAP gross margin was 70%;
• GAAP operating loss of $3.5 million; non-GAAP operating loss of $2.3 million;
• Book-to-bill above one for the fifth consecutive quarter;

Financial Outlook:

• Management maintains its previously issued guidelines for 2018.
• Management continues to expect 2018 revenues to grow to between $91 - 95 million with the second half of the year stronger than the first half, reflecting typical seasonality;
• 2018 Book to Bill is expected at above 1;
• For earnings history and earnings-related data on Allot Communications (ALLT) click here.