Commitments and Contingent Liabilities |
3 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Mar. 31, 2025 | |||||||
| Commitments and Contingent Liabilities [Abstract] | |||||||
| COMMITMENTS AND CONTINGENT LIABILITIES | NOTE 9: - COMMITMENTS AND CONTINGENT LIABILITIES
As of March 31, 2025, the Company has provided bank guarantees in respect of performance obligation to customers in an aggregate amount of approximately $ 463, in addition to bank guarantees in favor of leases agreements in an aggregate amount of approximately $ 417.
On November 2, 2021 two founders and six employees of Netonomy Ltd., a company acquired by Allot in January, 2018, filed a civil claim against Allot (the “plaintiffs”), alleging that Allot breached certain clauses of the share acquisition agreement claiming damages in the amount of app. $ 834. Allot has filed its defense statement refuting all claims and denying any breach and obligation to compensate. On March 6, 2023 the Company signed a settlement agreement with the two founders in which the Company will be pay both founders an amount of $ 260 and the founders will waive their claim.
There are ongoing legal proceedings against the rest. As of March 31, 2025, the results of this claim cannot be estimated. |