Allot Communications (ALLT) saw its loss widen to $5.08 million, or $0.15 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $4.29 million, or $0.13 a share. On the other hand, adjusted net loss for the quarter widened to $3.61 million, or $0.11 a share from a loss of $1.84 million or $0.06 a share, a year ago.

Revenue during the quarter dropped 19.63 percent to $18.44 million from $22.94 million in the previous year period. Gross margin for the quarter contracted 313 basis points over the previous year period to 65.73 percent. Operating margin for the quarter stood at negative 26.78 percent as compared to a negative 17.59 percent for the previous year period.

Operating loss for the quarter was $4.94 million, compared with an operating loss of $4.04 million in the previous year period.

Erez Antebi, president & chief executive officer of Allot Communications, commented, “During the quarter we announced that Allot was selected by another major global telecom provider, Telefonica, to provide their subscriber base with network security services in five major markets in LATAM and Europe. This comes on top of an expanding subscriber base protected by the well-established Vodafone Secure Net service powered by Allot and provides further evidence that our network security products are gaining traction and the right growth engine for our company."

The company has spent $2.18 million cash to meet investing activities during the quarter as against cash inflow of $11.79 million in the last year period.

Cash flow from financing activities was $0.02 million for the quarter as against cash outgo of $1.04 million in the last year period.

Cash and cash equivalents stood at stood at $20.01 million as at Mar. 31, 2017.