0001178913-24-002793 | 6-K | XBRL Viewer

Document and Entity Information	6 Months Ended
Jun. 30, 2024
Cover Abstract
Entity Registrant Name	ALLOT LTD.
Entity Central Index Key	0001365767
Document Type	6-K
Document Period End Date	Jun. 30, 2024
Amendment Flag	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Entity Address, Address Line One	22 Hanagar Street
Entity Address, Address Line Two	Neve Ne'eman Industrial Zone B
Entity Address, City or Town	Hod-Hasharon
Entity Address, Postal Zip Code	45240
Entity Address, Country	IL

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 25,341	$ 25,253

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 15,883	$ 14,192
Short-term bank deposits	3,800	10,000
Restricted deposits	1,183	1,728
Available-for-sale marketable securities	32,313	28,853
Trade receivables, net (net of allowance for credit losses of $25,341 and $25,253 on June 30, 2024 and December 31, 2023, respectively)	17,808	14,828
Other receivables and prepaid expenses	5,933	8,437
Inventories	9,606	11,874
Total current assets	86,526	89,912
LONG-TERM ASSETS:
Severance pay fund	409	395
Restricted deposit	0	158
Operating lease right-of-use assets	1,883	3,057
Other assets	1,025	704
Property and equipment, net	10,203	11,189
Intangible assets, net	610	915
Goodwill	31,833	31,833
Total non-current assets	45,963	48,251
Total assets	132,489	138,163
CURRENT LIABILITIES:
Trade payables	985	969
Deferred revenues	15,565	14,892
Short-term operating lease liabilities	1,405	1,453
Other payables and accrued expenses	18,128	22,094
Total current liabilities	36,083	39,408
LONG-TERM LIABILITIES:
Deferred revenues	8,729	7,437
Long-term operating lease liabilities	132	702
Accrued severance pay	929	1,080
Convertible debt	39,873	39,773
Total long-term liabilities	49,663	48,992
SHAREHOLDERS' EQUITY	46,743	49,763
Total liabilities and shareholders' equity	$ 132,489	$ 138,163

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net Loss	$ (3,356)	$ (20,732)	$ (5,866)	$ (32,094)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,156	1,327	2,371	2,647
Stock-based compensation	2,187	2,425	3,547	5,893
Amortization of intangible assets	153	277	305	553
Increase (Decrease) in accrued severance pay, net	(107)	13	(165)	73
Decrease in other assets, other receivables and prepaid expenses	955	468	1,672	967
Increase in accrued interest and amortization of premium/discount on marketable securities	(405)	(166)	(777)	(147)
Decrease in operating leases liability	(159)	(438)	(618)	(1,543)
Decrease in operating lease right-of-use asset	622	728	1,174	1,450
Decrease (Increase) in trade receivables	(2,789)	10,403	(2,980)	14,889
Decrease (Increase) in inventories	2,101	(1,645)	2,268	(5,098)
Increase (Decrease) in trade payables	278	(2,941)	16	(2,202)
Decrease in employees and payroll accruals	(649)	(1,042)	(4,135)	(2,494)
Increase (Decrease) in deferred revenues	595	870	1,965	(1,299)
Increase (Decrease) in other payables, accrued expenses and other long term liabilities	542	(923)	(12)	(1,824)
Amortization of issuance costs of Convertible debt	50	49	100	98
Net cash provided by (used in) operating activities	1,174	(11,327)	(1,135)	(20,131)
Cash flows from investing activities:
Decrease (Increase) in restricted deposit	(1)	(224)	703	(224)
Investment in short-term bank deposits	(3,800)	0	(3,800)	(15,900)
Withdrawal of short-term bank deposits	0	21,700	10,000	54,600
Purchase of property and equipment	(957)	(290)	(1,386)	(560)
Investment in marketable securities	(10,477)	(9,584)	(34,752)	(18,567)
Proceeds from redemption or sale of marketable securities	7,225	590	32,060	3,960
Net cash provided by (used in) investing activities	(8,010)	12,192	2,825	23,309
Cash flows from financing activities:
Proceeds from exercise of stock options	1	0	1	0
Net cash provided by financing activities	1	0	1	0
Increase (Decrease) in cash and cash equivalents	(6,835)	865	1,691	3,178
Cash and cash equivalents at the beginning of the period	22,718	14,608	14,192	12,295
Cash and cash equivalents at the end of the period	$ 15,883	$ 15,473	$ 15,883	$ 15,473

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 22,164	$ 25,047	$ 44,054	$ 46,173
Cost of revenues	6,989	7,707	13,781	15,358
Gross profit	15,175	17,340	30,273	30,815
Operating expenses:
Research and development costs, net	7,326	10,752	14,475	21,246
Sales and marketing	7,911	10,522	15,701	21,409
General and administrative	3,304	17,558	6,206	21,518
Total operating expenses	18,541	38,832	36,382	64,173
Operating loss	(3,366)	(21,492)	(6,109)	(33,358)
Financial and other income, net	489	985	1,029	1,779
Loss before income tax expenses	(2,877)	(20,507)	(5,080)	(31,579)
Tax expenses	479	225	786	515
Net Loss	$ (3,356)	$ (20,732)	$ (5,866)	$ (32,094)
Basic net loss per share	$ (0.09)	$ (0.55)	$ (0.16)	$ (0.85)
Diluted net loss per share	$ (0.09)	$ (0.55)	$ (0.16)	$ (0.85)
Weighted average number of shares used in computing basic net loss per share (shares)	38,712,407	37,743,328	38,562,065	37,583,412
Weighted average number of shares used in computing diluted net loss per share (shares)	38,712,407	37,743,328	38,562,065	37,583,412

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