Allot Ltd.

Ladies and gentlemen, thank you for standing by. Welcome to Allot's third quarter 2024 results conference call. All participants are at present in listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. As a reminder, this conference is being recorded. You should have all received by now the company's press release. If you have not received it, please contact Allot's investors relation team at ekglobalinvestorrelation.com at 1-212-378-8040 or view it in the news section of the company's website at www.alot.com. I would now like to hand over the call to Mr. Kenny Green of EK Global Investor Relations. Mr. Green, would you like to begin, please?

Thank you. Good day to all of you and welcome to ALOT's conference call to discuss its financial results for the quarter. Arts Management for hosting this conference call. With me today on the call are Mr. Eyal Harari, CEO, and Ms. Liat Nahum, CFO. Following Eyal's prepared remarks, we will open the call for the question and answer session, and both Eyal and Liat will be available to answer those questions. You can all find the highlights of the quarter, including the financial highlights and metrics, including those we typically discuss on the conference call, in today's earnings release. Before we start, I'd like to point out the following Safe Harbor statements. This conference call may contain projections of other forward-looking statements regarding future events or the future performance of the company. Those statements are early predictions and Allot cannot guarantee that they will in fact occur. Allot does not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing market trends, delays in the launch of services by a lot of customers, reduced demands, and the competitive nature of the securities services industry, as well as other risks identified in the documents filed by the company with the Securities and Exchange Commission. Also, the financial results in this call will be presented mainly on a non-GAAP basis. A lot believes that these non-GAAP financials a lot of operating performance in the quarter. For all the data, please refer to the financial tables published in the results press release issued earlier today, which also include the gap to non-gap financial reconciliation tables. And with that, I would now like to hand the call over to Eyal Harari, CEO. Eyal, please go ahead.

Thank you, Kenny. I would like to welcome all of you to our result conference call, and thank you for joining us today. I am very pleased with the third quarter results, which show the strong progress we have made. These results demonstrate a return to financial stability and renewed revenue growth at a lot. We achieved our first non-GAAP operating net profit in three years, a positive operating cash flow, and importantly, our net cash level has increased for two quarters. Building and refining our long-term strategy is an ongoing process which is aimed at leading us into an era of profitable growth for years to come, and I will address this in a few minutes. We are especially excited about the continued momentum in our growth engine, the security business, where we see strong opportunities and revenues which are rapidly expanding to become a larger part of the mix as each quarter passes. Our third quarter security as a service revenues increased by 69% year over year in line with our expectations. This growth is largely driven by our extensive and growing list of top-tier customers as well as increased traction of our security solution among the subscriber base of those customers. I want to highlight a few examples of recent new service launches. Just recently, we announced that Vodafone UK expanded its cybersecurity services to protect fixed broadband customers by launching Security Net Home powered by Allot's Sika solution. Vodafone's new offering to its customers will be part of their mobile security services, enhancing threat protection across both mobile and broadband networks and across all customer devices on the home network. We also announced that MIO, a leading telecommunications service provider in Portugal, introduced a new cybersecurity service built on our security solution for their fixed broadband customers. Our solution complements their existing mobile cybersecurity service, brings customers a unified, converged solution for both their mobile and home networks. These new security deployments built on our SICA solution will allow us to continue to accelerate subscriber growth and further bring us long-term recurring revenue and growth. We continue developing our strategic plan, aiming to leverage our core strengths in security and network intelligence to drive long-term profitable growth. We are positioning a lot as a security-first company, consolidating our focus around a unified business unit that builds on our unique security offering. This strategy is designed to maximize synergies between our existing network intelligence assets and our security offerings, allowing us to deliver a differentiated and fully integrated solution for customers. This combination creates a compelling value proposition and only a handful of companies are as uniquely positioned as a lot to offer such an integrated approach. We believe it will strengthen our market position, enhance our customer offerings, and make us a more agile and innovative company. We are reorganizing ourselves to be more customer-centric and a more efficient organization, structured to better support evolving customer needs. Our business units will have a regional focus on sales and customer success, empowering them to function more effectively while enabling a more personalized approach. We believe this will allow us to open new opportunities for expansions within our install base, as well as gain new customers. We are exploring the potential of our products to provide additional value to customers focused around cloud and 5G markets, including enterprise customers. In particular, we see the potential demand for our traffic management and cybersecurity solutions, which can be implemented in the cloud. The process of refining and finalizing our strategic plan remains ongoing. I look forward to providing more insights and detailed discussion on our strategy and progress during our full year results that we will report early next year. In summary, a lot is entering a new chapter as we approach 2025. We are on a positive trend towards financial stability and renewed growth. We are very excited we improved this quarter both our profitability and cash position. The core security business continues to gain strong momentum as demonstrated by the expansion of our partnership with major telecom providers like Vodafone and Mio, which significantly expand our potential recurring revenue base. Looking ahead, we continue to refine the strategy for long-term growth and profitability. I am increasingly optimistic with the direction that a lot is headed about the growing opportunities before us. As I have said, our target is a sustainable and profitable growth for a lot over the long term. And now, I would like to hand it over to our CFO, Liat Nahum, for the financial summary. Liat, please, go ahead.