COMMITMENTS AND CONTINGENT LIABILITIES |
6 Months Ended | ||||||||
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Jun. 30, 2025 | |||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||
| COMMITMENTS AND CONTINGENT LIABILITIES |
As of June 30, 2025, the Company has provided bank guarantees in respect of performance obligation to customers in an aggregate amount of approximately $ 365, in addition to bank guarantees in favor of leases agreements in an aggregate amount of approximately $ 465.
On November 2, 2021 two founders 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 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 plaintiffs in which the Company agreed to pay the plaintiffs a total amount of $ 260. The plaintiffs waived all claims. The potential liability is that the remaining minority former Netonomy shareholders may file a similar claim.
There are currently no ongoing legal proceedings with any of these minority shareholders.
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