Cineverse Technology Group's Flagship Brand Matchpoint™ Announces New Deals for its Proprietary Streaming Supply Chain Platform
This was announced today by Cineverse Technology Group's new EVP, Technology & General Manager of Matchpoint, Michele Edelman, who joined the Company this week in this newly-created role, following several months as a consultant.
Among the new customers are a mix of studios and targeted streaming services that are using Matchpoint Dispatch – which helps launch and grow a streaming business via a fully-automated content management system, with asset ingest and delivery powered by trusted AI tools – and the scalable app building capabilities of Matchpoint Blueprint.
Using both Blueprint and Dispatch are BeaconTV (true crime and paranormal), Elysium Media (positive reality and documentary) and Sweetspire TV (Where the South Tells its Stories). Additionally, producer and CEO Bob Yari's Magenta Light Studios (Bride Hard) is using Dispatch to distribute to digital platforms.
Said Edelman, 'Whether looking to quickly stand up a new streaming app or channel that is ready for scale, or seeking AI powered tools for content ingest and delivery, analytics and insights, or to improve their search and discovery capabilities, platforms and media companies continue to look to Matchpoint to bring solutions to problems that would otherwise take major investments of time and capital to address on their own. We are proud of the market adoption we are seeing as we continue to execute on a very robust deal pipeline that shows strong market validation, and look forward to announcing more deals in the near future.'
About Matchpoint™
Matchpoint™ is Cineverse's award-winning media supply chain platform that is radically changing the way content is managed and delivered. Matchpoint has replaced today's expensive, and labor-intensive video content processes with a fully transparent, automated workflow that significantly reduces costs, eliminates human error, and effortlessly facilitates content ingestion with delivery across multiple platforms and distribution models.
About Cineverse Technology Group
Cineverse develops proprietary technology that powers the future of entertainment, leveraging the Company's position as a pioneer in the video streaming industry along with the industry-leading strength of its development team in India. This team has dedicated years building and refining technology solutions that have pioneered streaming content management and distribution while leaning into advances in AI to set the company apart from the competition. This includes the creation of Matchpoint™, an award-winning media supply chain platform that is radically changing the way content is managed and delivered. The Company's cineSearch is an AI-powered search and discovery tool for film and television that makes deciding what to watch as entertaining as the entertainment itself. Additionally, the C360 programmatic audience network and ad-tech platform provides brands the opportunity to target and reach key fandoms wherever they are.
About CineverseCineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 71,000 premium films, series, and podcasts. Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing non-rated film in U.S. history; dozens of streaming fandom channels; a premier podcast network; top horror destination Bloody Disgusting; and more. Powering visionary storytelling with cutting-edge innovation, Cineverse's proprietary streaming tools and AI technology drive revenue and reach to redefine the next era of entertainment. For more information, visit home.cineverse.com.
CONTACTS
For Media, The Lippin Group for Cineversecineverse@lippingroup.com
For Investors, Julie Milsteadinvestorrelations@cineverse.com
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The payment date for the Stock Dividend is August 20, 2025 (the 'Distribution Date') and any purchaser of Common Shares before the close of markets on the Distribution Date will be assigned the right to the Stock Dividend. The Common Shares of the Company will begin trading on an 'ex-distribution' basis at the opening of markets on August 21, 2025. Background Argo's founding leadership team announced its plans in 2024 to develop the world's first vertically-integrated transit system for cities. Since then, Argo's Smart Routing™ system successfully doubled transit ridership in the Town of Bradford West Gwillimbury, replacing all of the municipality's legacy fixed bus routes. The Company also announced a landmark $10.9 million 12-month agreement with the City of Brampton, and is focused on expanding to more municipalities. Simultaneously, the Company has been executing an ongoing strategy to monetize legacy assets that predate the founding of Argo's current business to maximize value for shareholders. Since then, Argo has realized $3.25 million in proceeds from previously disclosed legacy asset sales. As part of this ongoing strategy, and as previously disclosed, the Company is pursuing the sale of the FoodsUp Shares (the 'FoodsUp Divestment'). The Company is proceeding with the Stock Dividend, which is intended to provide its shareholders with their proportionate stake in the net proceeds realized upon the eventual FoodsUp Divestment. FoodsUp Divestment FoodsUp Inc. is a Canadian restaurant supply platform with annual revenues of $108 million in fiscal 2024. To facilitate the FoodsUp Divestment, the Company previously disclosed that it and one of its wholly-owned subsidiaries are parties to the Option Agreements, which if fully exercised, would result in gross proceeds of between $21.6 million and $30.2 million, which are intended to be distributed to the holders of the Series A Preferred Shares, after deducting all applicable taxes and fees and expenses incurred in connection with the Company's ownership of the FoodsUp Shares. However, the Company can make no assurance of the timing of or quantum of proceeds to be received in connection with the transactions under the Option Agreements, or that such transactions will occur at all. The transactions provided for in the Option Agreements remain subject to final approval of the TSX Venture Exchange. See the Company's press release dated May 21, 2025 and management information circular dated May 22, 2025 for more information regarding the Option Agreements. Special Stock Dividend The Common Shares started trading on a 'due-bill' basis at the opening of trading on August 13, 2025 (the 'Record Date') and will commence trading on an 'ex-distribution' basis at the opening of markets on August 21, 2025, the first trading day following the Distribution Date. A due bill will attach to each Common Share between the opening of markets on the Record Date and the close of markets on the Distribution Date (the 'Due Bill Period'). During the Due Bill Period, any seller of Common Shares will also be deemed to sell and assign the right to the Stock Dividend to the purchaser of such Common Shares. The Common Shares will not commence trading on an ex-distribution basis (i.e., without the entitlement to receive the Stock Dividend) until the opening of markets on August 21, 2025, the first trading day following the Distribution Date. The Stock Dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Shareholders as of the Record Date do not need to take any action to receive the Stock Dividend. Accounts for registered shareholders and beneficial shareholders (i.e., those who hold Common Shares through an intermediary) will be credited with the Series A Preferred Shares on or about the Distribution Date. For most Canadian federal income tax purposes, the amount of a stock dividend, and therefore the amount included in the income of a shareholder who receives a stock dividend, is equal to the increase in the paid-up capital of the corporation by reason of the payment of the stock dividend. The amount that will be added to the stated capital of the Series A Preferred Shares, and therefore the increase in the paid-up capital of the Company, will be $1,000 in total. As a result, it is expected that the amount of the dividend that will be received by the shareholders for most Canadian federal income tax purposes will be approximately $0.000007 per Series A Preferred Share. This summary is of a general nature only and is not exhaustive of all possible Canadian federal income tax considerations. This summary is not and should not be construed as legal or tax advice to any holder or prospective holder of Series A Preferred Shares, and no representations with respect to the income tax consequences to any holder or prospective holder are made. Consequently, holders or prospective holders of Series A Preferred Shares should consult their own tax advisors regarding the Canadian federal income tax consequences with respect to their particular circumstances, and any other consequences to them of such transactions under Canadian federal, provincial, local or foreign tax laws. In anticipation of the foregoing, the Company has amended its articles to create a new series of preferred shares, being the Series A Preferred Shares (the 'Amendment'). The Series A Preferred Shares are intended to effectively track the ownership of the 45,932 subordinate-voting shares in the capital of FoodsUp Inc. that are owned by the Company as of the date the articles were amended. Holders of the Series A Preferred Shares will be entitled to receive dividends ('Series A Special Dividends') if, as, and when declared by the board of directors of the Company in an amount equal to the proceeds of disposition of the FoodsUp Shares received by the Company after deducting all applicable taxes and fees and expenses incurred in connection with the Company's ownership of the FoodsUp Shares. To the extent that any Series A Special Dividends are declared by the board of directors of the Company, such dividends will be paid in such manner, in such quantum and at such times, as the board of directors of the Company may from time to time determine. Except as required by law, holders of Series A Preferred Shares will not be entitled to receive notice of, or to attend, any meeting of the shareholders of the Company and will not be entitled to vote at any such meeting. In certain circumstances the Company may redeem all of the Series A Preferred Shares. The Series A Preferred Shares will not be listed or quoted on a marketplace. The complete rights, privileges, restrictions and conditions attaching to the Series A Preferred Shares are set out in the articles of amendment of the Company, which are available under the Company's SEDAR+ profile on About Argo Argo delivers the first-ever vertically and publicly integrated city transit system, designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility. You can learn more at Praveen Arichandran, CEOArgo Corporation(800) 575-7051 Forward-Looking Information Certain information set out in this news release constitutes forward-looking information within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as 'seek', 'anticipate', 'hope', 'plan', 'continue', 'estimate', 'expect', 'may', 'will', 'intend', 'could', 'might', 'should', 'scheduled', 'believe' and similar expressions. The forward-looking information set out in this news release relates to future events or our future performance and includes, without limitation, statements concerning: the Company's intention to complete the FoodsUp Divestment; the distribution of the Series A Preferred Shares pursuant to the Stock Dividend; the payment of Series A Special Dividends; the completion of the exercise of the options granted pursuant to the Option Agreements by the holders thereof; Canadian federal, provincial, local or foreign tax treatment of holders or prospective holders of Series A Preferred Shares; and Argo's ability to obtain all necessary approvals in respect of the Option Agreements. Although the forward-looking information contained in this news release is based upon what management of Argo believes are reasonable assumptions on the date of this news release, Argo cannot assure readers that actual results will be consistent with such forward-looking information. Forward-looking information involves substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those expressed or implied by such forward looking information, including without limitation those risks and uncertainties described in more detail in Argo's securities filings available at Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. The forward-looking information contained in this news release is provided as of the date hereof. Argo disclaims any intention or obligation to update or publicly revise any forward–looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All forward-looking information contained in this news release is expressly qualified in its entirety by the foregoing cautionary statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Verizon Business's new mobile offering, which includes our SECaaS service, is gaining significant traction among end-customers and is already contributing meaningfully to our strong SECaaS revenue growth. 'As we announced in July, we won a landmark deal valued in the tens of millions of dollars with a tier-1 EMEA telecom operator. The multi-year agreement is one of Allot's largest ever customer wins to-date and is particularly strategic as it demonstrates the value of our unique technological advantages and core expertise for major telco players in two key areas: cyber security and network intelligence.' Concluded Mr. Harari, 'In light of our accelerated SECaaS growth, improved visibility, and high level of backlog, we are introducing full year 2025 revenue guidance of $98-102 million, positioning us for a year of profitable growth. Furthermore, we are increasing our 2025 SECaaS ARR year-over-year growth expectations to a range of 55-60%.' Second Quarter 2025 Financial Results Summary Total revenues for the second quarter of 2025 were $24.1 million, a 9% increase year-over-year compared with $22.2 million in the second quarter of 2024. Gross profit on a GAAP basis for the second quarter of 2025 was $17.3 million (gross margin of 72.1%), a 14% increase compared with $15.2 million (gross margin of 68.5%) in the second quarter of 2024. Gross profit on a non-GAAP basis for the second quarter of 2025 was $17.6 million (gross margin of 73.4%), a 13% increase compared with $15.7 million (gross margin of 70.6%) in the second quarter of 2024. Operating loss on a GAAP basis for the second quarter of 2025 was $0.4 million, compared with an operating loss of $3.4 million in the second quarter of 2024. Operating income on a non-GAAP basis for the second quarter of 2025 was $1.2 million, compared with an operating loss of $1.0 million in the second quarter of 2024. Net loss on a GAAP basis for the second quarter of 2025 was $1.7 million, or $0.04 per share, an improvement compared to the net loss of $3.4 million, or $0.09 per share, in the second quarter of 2024. Net income on a non-GAAP basis for the second quarter of 2025 was $1.5 million, or $0.03 profit per diluted share, compared to the non-GAAP net loss of $0.8 million, or $0.02 loss per basic share, in the second quarter of 2024. Operating cash flow generated in the quarter was $4.4 million. Net cash and cash equivalents, bank deposits, restricted deposits and investments as of June 30, 2025, totaled $72 million, an increase of $13 million versus $59 million cash and cash equivalents, bank deposits, restricted deposits and investment as of December 31, 2024. As of June 30, 2025, the company has no debt. During the quarter, Allot closed a public offering of $46 million, out of which $40 million in gross proceeds were received during the second quarter and an additional $6 million in gross proceeds were received following the close of the quarter. The Company used the net proceeds to repay $31.4 million in convertible debt and the balance for general corporate purposes. Conference Call & Webcast: The Allot management team will host a conference call to discuss its second quarter 2025 earnings results today, August 14, 2025 at 9:00 am ET, 4:00 pm Israel time. To access the conference call, please dial one of the following numbers: US: 1-888-668-9141, UK: 0-800-917-5108, Israel: +972-3-918-0644 A live webcast and, following the end of the call, an archive of the conference call, will be accessible on the Allot website at: About Allot Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers and enterprises worldwide, enhancing value to their customers. Our solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot's multi-service platforms are deployed by over 500 mobile, fixed, and cloud service providers and over 1,000 enterprises. Our industry-leading network-based security as a service solution is already used by many millions of subscribers globally. Allot. See. Control. Secure. For more information, visit Performance Metrics * SECaaS ARR – measures the current annual recurring SECaaS revenues, which is calculated based on estimated revenues for the month of June 2025 and multiplied by 12. GAAP to Non-GAAP Reconciliation: The difference between GAAP and non-GAAP revenues is related to the acquisitions made by the Company and represents revenues adjusted for the impact of the fair value adjustment to acquired deferred revenue related to purchase accounting. Non-GAAP net income is defined as GAAP net income after including deferred revenues related to the fair value adjustment resulting from purchase accounting and excluding stock-based compensation expenses, amortization of acquisition-related intangible assets, deferred tax asset adjustment and changes in taxes-related items. These non-GAAP measures should be considered in addition to, and not as a substitute for, comparable GAAP measures. The non-GAAP results and a full reconciliation between GAAP and non-GAAP results is provided in the accompanying Table 2. The Company provides these non-GAAP financial measures because it believes they present a better measure of the Company's core business and management uses the non-GAAP measures internally to evaluate the Company's ongoing performance. Accordingly, the Company believes they are useful to investors in enhancing an understanding of the Company's operating performance. Safe Harbor Statement This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our accounts receivables, including our ability to collect outstanding accounts and assess their collectability on a quarterly basis; our ability to meet expectations with respect to our financial guidance and outlook; our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors; government regulation; the timing of completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; and other factors discussed under the heading 'Risk Factors' in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Investor Relations Contact: Public Relations Contact: EK Global Investor Relations Seth Greenberg, Allot Ltd Ehud Helft +972 54 922 2294 +1 212 378 8040 sgreenberg@ allot@ TABLE – 1 ALLOT LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except share and per share data) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) Revenues $ 24,051 $ 22,164 $ 47,201 $ 44,054 Cost of revenues 6,721 6,989 13,823 13,781 Gross profit 17,330 15,175 33,378 30,273 Operating expenses: Research and development costs, net 7,261 7,326 13,252 14,475 Sales and marketing 7,261 7,911 14,599 15,701 General and administrative 3,215 3,304 6,643 6,206 Total operating expenses 17,737 18,541 34,494 36,382 Operating loss (407) (3,366) (1,116) (6,109) Loss from extinguishment (1,410) – (1,410) – Other income 100 – 100 – Financial income, net 359 489 1,033 1,029 Loss before income tax expenses (1,358) (2,877) (1,393) (5,080) Income tax expenses 332 479 628 786 Net loss $ (1,690) $ (3,356) $ (2,021) $ (5,866) Basic net loss per share $ (0.04) $ (0.09) $ (0.05) $ (0.16) Diluted net loss per share $ (0.04) $ (0.09) $ (0.05) $ (0.16) Weighted average number of shares used in computing basic net loss per share 4,01,40,875 3,87,12,407 3,99,44,413 3,85,62,065 Weighted average number of shares used in computing diluted net loss per share 4,01,40,875 3,87,12,407 3,99,44,413 3,85,62,065 TABLE – 2 ALLOT LTD. AND ITS SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) GAAP cost of revenues $ 6,721 $ 6,989 $ 13,823 $ 13,781 Share-based compensation (1) (160) (324) (254) (478) Amortization of intangible assets (2) (152) (152) (305) (304) Non-GAAP cost of revenues $ 6,409 $ 6,513 $ 13,264 $ 12,999 GAAP gross profit $ 17,330 $ 15,175 $ 33,378 $ 30,273 Gross profit adjustments 312 476 559 782 Non-GAAP gross profit $ 17,642 $ 15,651 $ 33,937 $ 31,055 GAAP operating expenses $ 17,737 $ 18,541 $ 34,494 $ 36,382 Share-based compensation (1) (1,289) (1,863) (2,176) (3,069) Non-GAAP operating expenses $ 16,448 $ 16,678 $ 32,318 $ 33,313 GAAP Loss from extinguishment $ (1,410) $ – $ (1,410) $ – Loss from extinguishment 1,410 – 1,410 – Non-GAAP Loss from extinguishment $ – $ – $ – $ – GAAP financial and other income $ 359 $ 489 $ 1,033 $ 1,029 Exchange rate differences* 104 110 43 204 Non-GAAP Financial and other income $ 463 $ 599 $ 1,076 $ 1,233 GAAP taxes on income $ 332 $ 479 $ 628 $ 786 Changes in tax related items (25) (133) (70) (177) Non-GAAP taxes on income $ 307 $ 346 $ 558 $ 609 GAAP Net profit (Loss) $ (1,690) $ (3,356) $ (2,021) $ (5,866) Share-based compensation (1) 1,449 2,187 2,430 3,547 Amortization of intangible assets (2) 152 152 305 304 Loss from extinguishment 1,410 – 1,410 – Exchange rate differences* 104 110 43 204 Changes in tax related items 25 133 70 177 Non-GAAP Net income (loss) $ 1,450 $ (774) $ 2,237 $ (1,634) GAAP Loss per share (diluted) $ (0.04) $ (0.09) $ (0.05) $ (0.16) Share-based compensation 0.03 0.06 0.06 0.10 Amortization of intangible assets 0.01 0.01 0.01 0.01 Loss from extinguishment 0.03 – 0.03 – Non-GAAP Net income (Loss) per share (diluted) $ 0.03 $ (0.02) $ 0.05 $ (0.05) – Weighted average number of shares used in computing GAAP diluted net income (loss) per share 4,01,40,875 3,87,12,407 3,99,44,413 3,85,62,065 Weighted average number of shares used in computing non-GAAP diluted net income (loss) per share 4,37,94,580 3,87,12,407 4,37,50,663 3,85,62,065 * Financial income or expenses related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies. TABLE – 2 cont. ALLOT LTD. AND ITS SUBSIDIARIES RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS (U.S. dollars in thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) (1) Share-based compensation: Cost of revenues $ 160 $ 324 $ 254 $ 478 Research and development costs, net 380 787 622 1,285 Sales and marketing 466 792 771 1,235 General and administrative 443 284 783 549 $ 1,449 $ 2,187 $ 2,430 $ 3,547 (2) Amortization of intangible assets Cost of revenues $ 152 $ 152 $ 305 $ 304 Sales and marketing $ 152 $ 152 $ 305 $ 304 TABLE – 3 ALLOT LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (U.S. dollars in thousands) June 30, December 31, 2025 2024 (Unaudited) (Audited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 26,943 $ 16,142 Restricted deposit 501 904 Short-term bank deposits 11,050 15,250 Available-for-sale marketable securities 11,518 26,470 Trade receivables, net (net of allowance for credit losses of $22,392 and $25,306 on June 30, 2025 and December 31, 2024 , respectively) 20,135 16,482 Other receivables and prepaid expenses 8,641 6,317 Inventories 8,505 8,611 Total current assets 87,293 90,176 NON-CURRENT ASSETS: Severance pay fund $ 243 $ 464 Restricted deposit 329 279 Available-for-sale marketable securities 21,672 – Operating lease right-of-use assets 6,091 6,741 Other assets 552 2,151 Property and equipment, net 6,039 7,692 Intangible assets, net – 305 Goodwill 31,833 31,833 Total non-current assets 66,759 49,465 Total assets $ 1,54,052 $ 1,39,641 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables $ 924 $ 946 Employees and payroll accruals 8,780 8,208 Deferred revenues 20,647 17,054 Short-term operating lease liabilities 484 562 Other payables and accrued expenses 10,996 9,200 Total current liabilities 41,831 35,970 LONG-TERM LIABILITIES: Deferred revenues 6,079 7,136 Long-term operating lease liabilities 5,611 5,807 Accrued severance pay 814 946 Convertible debt – 39,973 Total long-term liabilities 12,504 53,862 SHAREHOLDERS' EQUITY 99,717 49,809 Total liabilities and shareholders' equity $ 1,54,052 $ 1,39,641 TABLE – 4 ALLOT LTD. AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (U.S. dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) Cash flows from operating activities: Net loss $ (1,690) $ (3,356) $ (2,021) $ (5,866) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation, amortization and impairment 1,073 1,359 2,419 2,776 Share-based compensation 1,449 2,187 2,430 3,547 Capital loss – – 255 – Loss from extinguishment 1,410 – 1,410 – Other income (100) – (100) – Changes in operating assets and liabilities: Decrease (Increase) in accrued severance pay, net 93 (107) 89 (165) Decrease in other assets, other receivables and prepaid expenses 196 955 1,619 1,672 Decrease in accrued interest and amortization of premium on available-for sale marketable securities (521) (405) (862) (777) Decrease in operating leases liability (60) (159) (203) (618) Decrease in operating lease right-of-use asset 275 622 579 1,174 Increase in trade receivables (901) (2,789) (3,653) (2,980) Decrease (Increase) in inventories (312) 2,101 106 2,268 Increase (Decrease) in trade payables (97) 278 (22) 16 Increase (Decrease) in employees and payroll accruals 2,785 (649) 573 (4,135) Increase in deferred revenues 273 595 2,536 1,965 Increase (Decrease) in other payables and accrued expenses 511 542 914 (12) Net cash provided by (used in) operating activities 4,384 1,174 6,069 (1,135) Cash flows from investing activities: Decrease (Increase) in restricted deposit 50 (1) 353 703 Investment in short-term bank deposits (7,050) (3,800) (15,750) (3,800) Withdrawal of short-term bank deposits 12,700 – 19,950 10,000 Purchase of property and equipment (408) (957) (689) (1,386) Investment in marketable securities (26,458) (10,477) (55,434) (34,752) Proceeds from redemption or sale of marketable securities 27,283 7,225 49,683 32,060 Proceeds from sale of patent 100 – 100 – Net cash provided by (used in) investing activities 6,217 (8,010) (1,787) 2,825 Cash flows from financing activities: Issuance of share capital 37,691 – 37,691 – Proceeds from exercise of stock options – 1 238 1 Redemption of convertible debt (31,410) – (31,410) – Net cash provided by financing activities 6,281 1 6,519 1 Increase (Decrease) in cash and cash equivalents 16,882 (6,835) 10,801 1,691 Cash, cash equivalents at the beginning of the period 10,061 22,718 16,142 14,192 Cash, cash equivalents at the end of the period $ 26,943 $ 15,883 $ 26,943 $ 15,883 Non-cash activities: ROU asset and lease liability decrease, due to lease termination – – (71) – Redemption of convertible debt (10,000) – (10,000) – Other financial metrics (Unaudited) U.S. dollars in millions, except top 10 customers as a % of revenues and number of shares Q2-25 FY 2024 FY 2023 Revenues geographic breakdown Americas 4.2 17 % 14.2 15 % 16.6 18 % EMEA 15.8 66 % 54.0 59 % 56.1 60 % Asia Pacific 4.1 17 % 24.0 26 % 20.5 22 % 24.1 100 % 92.2 100 % 93.2 100 % Revenues breakdown by type Products 7.6 31 % 30.1 33 % 37.6 40 % Professional Services 1.6 7 % 8.3 9 % 6.1 7 % SECaaS (Security as a Service) 6.4 27 % 16.5 18 % 10.6 11 % Support & Maintenance 8.5 35 % 37.3 40 % 38.9 42 % 24.1 100 % 92.2 100 % 93.2 100 % Top 10 customers as a % of revenues 55 % 43 % 47 % Non-GAAP Weighted average number of basic shares (in millions) 40.1 38.9 37.9 Non-GAAP weighted average number of fully diluted shares (in millions) 43.8 42.3 40.3 SECaaS (Security as a Service) revenues– U.S. dollars in millions (Unaudited) Q2-2025: 6.4 Q1-2025: 5.1 Q4-2024: 4.8 Q3-2024: 4.7 Q2-2024: 3.7 SECaaS ARR* – U.S. dollars in millions (Unaudited) Jun. 2025: 25.2 Dec. 2024: 18.2 Dec. 2023: 12.7 Dec. 2022: 9.2 Logo: View original content:
The Star
5 hours ago
- The Star
Futures pause after steady gains on Wall St, data in focus
A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City US STOCK index futures were muted on Thursday following a strong run on Wall Street this week and investors awaited fresh economic data to gauge the Federal Reserve's monetary policy verdict next month. Data reflecting labor market weakness has strengthened expectations that the central bank will potentially lower interest rates next month, despite another report suggesting underlying price pressures are on the rise. The expectations for a dovish Fed encouraged investors to lap up riskier equities, sending the benchmark S&P 500 and tech-heavy Nasdaq to record highs in the previous two sessions, and putting the blue-chip Dow within striking distance of an all-time high. Traders are fully pricing in a 25-basis-point interest rate cut by the central bank in September, according to the CME FedWatch tool, and expect cuts of a similar size in October and December. Analysts are not so sure. "The market is too complacent about the apparent certainty the Fed will cut next month, especially with inflation having been above target for 53 months running, and clearly moving in the wrong direction," said Michael Brown, senior research strategist at Pepperstone. A report also showed San Francisco Fed President Mary Daly pushed back against the need for a 50-basis-point interest rate cut next month, a day after Treasury Secretary Scott Bessent said an aggressive half-point cut was possible. At 05:24 a.m. ET, Dow E-minis were up 8 points, or 0.02%, S&P 500 E-minis were down 3 points, or 0.05%, and Nasdaq 100 E-minis were down 21.25 points, or 0.09%. Focus is now on a string of data due at 8:30 a.m. ET, including weekly jobless claims and Producer Price Index for the month of July, at a time when markets are also concerned about the quality of economic data following budget and staffing cuts. Some of the components of the producer inflation report feeds into the Fed's preferred inflation gauge - the Personal Consumption Expenditures Price Index. Wall Street's recovery from April lows has also elevated valuations of the S&P 500 beyond long-term averages, aided by better-than-expected earnings from megacap companies and more clarity on trade deals. "I retain my bullish equity bias. Frankly, it's tough not to - earnings growth is impressive; the tone on trade is becoming much softer; the economy remains resilient; and, even if that final point falters, the Fed (has) plenty of room to ease," said Brown. Cisco Systems forecast first-quarter revenue above estimates, as the artificial intelligence boom boosted demand for its networking equipment from cloud customers. Shares were down 1% in premarket trading. Birkenstock gained 3.5% after the sandal maker beat quarterly expectations. Quarterly reports from Deere and Tapestry are also due before the bell. Meanwhile, a Reuters report said President Donald Trump's administration is likely weeks away from announcing the results of a probe into pharmaceutical imports and new sector-specific U.S. tariffs. Healthcare companies such as Eli Lilly and Merck were little changed. The broader sector has declined the most on the S&P 500 this year. - Reuters
