Allot Ltd. provided earning guidance for second quarter ended June 30, 2023. Company expects the following results for the second quarter: Revenues are expected to be approximately $25 million of which approximately $2.5 million are expected to be SECaaS revenues. Total ARR and SECaaS ARR are expected to be approximately $49.5 million and $10 million, respectively.

GAAP operating loss is expected to be approximately $21.2 and non-GAAP operating loss is expected to be approximately $18.6 million, including an increase of approximately $14 million in allowance for credit losses.