Allot Ltd.

Ladies and gentlemen, thank you for standing by. Welcome to Allot's third quarter 2025 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 investor relations team at EK Global Investor Relations at 1212-378-8040 or view it in the news section of the company's website at www.allot.com. I would like now to hand over the call to Mr. Kenny Green of EK Global Investor Relations. Mr. Green, would you like to begin, please?

Good day to all of you and welcome to Allot's conference call to discuss its financial results for the quarter. I would like to thank Allot's management for hosting this conference call. All participants are present in listen-only mode. Following the formal presentation, instructions will be given for the question and answer session. As a reminder, this conference call is being recorded. If you have not received the company's press release, please check the company's website at www.allot.com. With me today on the line 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. Both Eyal and Liat will be available to answer those questions. You can all find the highlights of the course, including discussed in the conference call in today's earnings press release. Before we start, I'd like to point out the following safe harbor statement. This conference call may contain projections or other forward-listing 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 demand and the competitive nature of the security services industry, as well as other risks identified in the documents filed by the company with the securities and exchanges. 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 reconciliation table. And with that, I would now like to hand the call over to Eyal Harari, CEO of Allot. Eyal, please go ahead. Thank you, Ken.

We are pleased with our excellent third quarter 2025 results. We reported double-digit year-over-year revenue growth for the first time in multiple years. continued strong CICAS momentum and our highest level of operating profitability in over a decade. We saw strength across all parts of our business, both in cyber security as well as network intelligence solutions. Revenue for the quarter was $26.4 million, up 14% year over year. Our profitability has likewise expanded strongly, and we reported a solid operating profit in the quarter versus a loss last year. Our cybersecurity as a service growth engine continues with its excellent performance. our SICAS ARR was up 60% year-over-year, which demonstrates very strong traction for our service among end customers. As each quarter passes, SICAS is becoming an ever more important part of the revenue pie, and it made up 28% of our revenues in the quarter. We ended the quarter with over $80 million in cash and no debt. and the lot is back to a very strong financial position with the resource to further execute on our growth strategy. Overall, our results demonstrate that we are executing exceptionally well on our cybersecurity first strategy and renewed go-to-market focus. Looking at some of the trends within the business, I first want to discuss our thickest growth engine. We are seeing increased traction among major telco for cybersecurity as a service solutions. As we progress, we are starting to see the fruits of our long-term investments in this solution. The recent customer launches of our cybersecurity service are going very well. We are actively supporting our customer launches and the offering are gaining traction with their end customers, driving our strong sales momentum. During the quarter, we gain our first customer for our newly released Off-Net Secure solution. Off-Net Secure will allow the extending of network-based cybersecurity protection beyond the operator's infrastructure to subscribe using any network or Wi-Fi connection. It allows operators to better seamless always-on security experience For the operator, OffNet Secure strengthens their customer loyalty, increases subscription-based revenue opportunities, and reinforces their role as a trusted provider of digital security backed by a lot of technology. The pipeline of new potential business continues to increase. not only with new CSPs and telcos, but also among the end customers of our existing partners. The positive momentum is allowing us to show accelerated growth and is providing us with a strong forward visibility. As you can see, we are working hard to successfully bring new CCAS customers to a lot. Our smart product for network intelligence continued to perform well and was also a contributor to our growth in the quarter. We are winning new customers, which are driving higher revenues, stronger backlog, improved visibility, and we have a robust pipeline. Today, our smart product is being sold as part of our unified cybersecurity first platform. And this integrated solution, based in class technology, We are actively executing on the various projects we have recently won, including new Terra 3 deployments and upgrades, where we are working closely with the customers to roll out the platform. We are investing to bring new capabilities and functionality to maintain our technology leadership, and our recent enhancement around visibility is creating new opportunities for us. Overall, our efforts to grow the smart business and product line continues to progress well and the backlog that we have built over the past few months provide us with solid visibility heading into next year. In summary, we are very pleased with our third quarter 2025 result. Driven by strong performance across all parts of our business, Looking ahead, we have good visibility, our backlog is strong, and our pipeline continues to be broad with many opportunities. I am increasingly optimistic about our long-term future, and I am excited to continue progressing on our cybersecurity first strategy. Given the continued accelerated sickle scopes, our solid visibility, and high level of backlog, we are increasing our guidance. We expect 2025 year-end CCAS ARR to show an exceptionally strong year-over-year growth, surpassing 60%. We are also rising our full year 2025 revenue guidance to between $100 and $103 million. As we move into 2026, exceptionally well positioned for the year ahead, and we see ourselves at the inflection point of a longer-term trend of ongoing profitable growth. And now, I would like to hand it over to our CFO, Liat Nahoum, for the financial summary. Liat, please go ahead.