Allot Ltd. (NASDAQ:ALLT) Q3 2022 Earnings Call Transcript

Ziv Leitman: So our guidance for the yearly revenue is between $125 million to $130 million going the lower range. So let’s assume it will be $125 million. It means that in Q4 we will have revenues of $35 million. So if you ask me whether today we have all the $35 million at end. So the answer is, no. Usually, in our business, most of the revenues are coming towards the end of the quarter. But currently, this is our best estimation of the revenue that we will achieve this quarter.

Madeline Brooks: And just a follow-up there, with macro deteriorating, that still gives you guys the confidence to say that we think $35 million is going to be the right number to guide to. I guess I am just worried about the extra two carriers. If we don’t see those materialize in the quarter, what would that risk be to the revenue of $35 million?

Ziv Leitman: Again, according to our forecast, our weighted average right now is around $35 million. This is what we are expecting. Since we don’t have it in end, it can vary. So this is — right now this is the weighted average of our forecast and we will work very hard in order to achieve it.

Madeline Brooks: Thank you.

Operator: There are no further questions at this time. Mr. Antebi, would you like to make your concluding statement.

Erez Antebi: Yes. I want to thank you all for joining us on the call today. Thank you for your question. Thank you for your interest and support of Allot. And I look forward to seeing you on our next call or sometimes earlier. Thank you very much.

Operator: Thank you. This concludes the Allot third quarter 2022 results conference call. A recording will be available on Allot’s website on — at www.allot.com. Thank you for your participation. You may go ahead and disconnect.