Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2025

Commitments and Contingent Liabilities [Abstract]

NOTE 9: - COMMITMENTS AND CONTINGENT LIABILITIES

Liens and guarantees:

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.

Litigations:

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.

Allot Ltd. 6-K