Allot Ltd. Files 20-F Annual Report for Fiscal Year 2023

TL;DR

<b>Allot Ltd. has submitted its 20-F annual report, detailing financial performance and stock-related information for the fiscal year 2023.</b>

AI Summary

Allot Ltd. (ALLT) filed a Foreign Annual Report (20-F) with the SEC on April 10, 2024. Allot Ltd. filed its 20-F annual report for the fiscal year ending December 31, 2023. Revenues from Israel represented 1% of total revenues as of December 31, 2023, 2022, and 2021. The filing details financial data for the fiscal years 2023, 2022, and 2021. Information on restricted stock units (RSUs) under stock compensation plans, including the 2016 Plan, is provided for 2023 and 2022. The report includes data on available-for-sale securities maturing within one year and after one year through three years, categorized by corporate debt and US government agency debt for 2023 and 2022.

Why It Matters

For investors and stakeholders tracking Allot Ltd., this filing contains several important signals. The 20-F filing provides a comprehensive overview of Allot Ltd.'s financial position and operational activities for the fiscal year 2023, which is crucial for investors to assess the company's performance and outlook. Specific details on revenue breakdown, stock compensation, and investment securities offer insights into the company's financial health and strategic resource allocation.

Risk Assessment

Risk Level: low — Allot Ltd. shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant negative or positive news, indicating a routine disclosure of financial information.

Analyst Insight

Investors should review the detailed financial statements and disclosures within the 20-F to understand Allot Ltd.'s performance and any potential risks or opportunities.

Key Numbers

• 1% — Revenue from Israel (As of December 31, 2023, 2022, and 2021)
• 2023-12-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-10 — Filing Date (Filed As Of Date)

Key Players & Entities

• Allot Ltd. (company) — Filer
• Allot Communications Ltd. (company) — Former Company Name
• Israel (location) — Revenue Origin

FAQ

Industry Context

Allot Ltd. operates in the computer communications equipment industry.

Regulatory Implications

The filing is a Form 20-F, an annual report required by the U.S. Securities and Exchange Commission (SEC) for foreign private issuers.

What Investors Should Do

1. Review the detailed financial statements for FY2023.
2. Analyze the breakdown of revenues and stock compensation plans.
3. Assess the company's investment portfolio as detailed in the filing.

Year-Over-Year Comparison

This is the 20-F filing for the fiscal year 2023, following previous filings which would have covered prior periods.

Key Financial Figures

• $63 million — he last ten years. We had a net loss of $63 million in 2023 and $32 million in 2022. In the
• $32 million — d a net loss of $63 million in 2023 and $32 million in 2022. In the future, we intend to co

Filing Documents

• zk2431170.htm (20-F) — 2789KB
• exhibit_2-2.htm (EX-2.2) — 28KB
• exhibit_8-1.htm (EX-8.1) — 9KB
• exhibit_12-1.htm (EX-12.1) — 13KB
• exhibit_12-2.htm (EX-12.2) — 12KB
• exhibit_13-1.htm (EX-13.1) — 5KB
• exhibit_15-1.htm (EX-15.1) — 3KB
• exhibit_97-1.htm (EX-97.1) — 38KB
• image0.jpg (GRAPHIC) — 412KB
• 0001178913-24-001297.txt (&nbsp;) — 13349KB
• allt-20231231.xsd (EX-101.SCH) — 78KB
• allt-20231231_cal.xml (EX-101.CAL) — 70KB
• allt-20231231_def.xml (EX-101.DEF) — 250KB
• allt-20231231_lab.xml (EX-101.LAB) — 881KB
• allt-20231231_pre.xml (EX-101.PRE) — 461KB
• zk2431170_htm.xml (XML) — 2557KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No TABLE OF CONTENTS PART I 4 ITEM 1: Identity of Directors, Senior Management and Advisers 4 ITEM 2: Offer Statistics and Expected Timetable 4 ITEM 3: Key Information 4 A. [Reserved] 4 B. Capitalization and Indebtedness 4 C. Reasons for Offer and Use of Proceeds 4 D. Risk Factors 4 ITEM 4: Information on Allot 30 A. History and Development of Allot 30 B. Business Overview 30 C. Organizational Structure 40 D. Property, Plant and Equipment 41 ITEM 4A: Unresolved Staff Comments 41 ITEM 5: Operating and Financial Review and Prospects 41 A. Operating Results 41 B. Liquidity and Capital Resources 47 C. Research and Development, Patents and Licenses 49 D. Trend Information 50 E. Critical Accounting Estimates 50 ITEM 6: Directors, Senior Management and Employees 55 A. Directors and Senior Management 55 B. Compensation of Officers and Directors 59 C. Board Practices 62 D. Employees 69 E. Share Ownership 70 ITEM 7: Major Shareholders and Related Party Transactions 73 A. Major Shareholders 73 B. Record Holders 73 C. Related Party Transactions 74 D. Interests of Experts and Counsel 74 ITEM 8: Financial Information 74 A. Consolidated Financial 74 B. Significant Changes 75 ITEM 9: The Offer and Listing 75 ITEM 10: Additional Information 75 A. Share Capital 75 B. Memorandum and Articles of Association 75 C. Material Contracts 80 D. Exchange Controls 80 E. Taxation 80 F. Dividends and Paying Agents 91 G. Statement by Experts 91 H. Documents on Display 91 I. Subsidiary Information 91 ITEM 11: Quantitative and Qualitative Disclosures About Market Risk 92 ITEM 12: Description of Securities Other Than Equity Securities 93 1 PART II 93 ITEM

: Identity of Directors,

ITEM 1: Identity of Directors, Senior Management and Advisers Not applicable.

: Offer Statistics and

ITEM 2: Offer Statistics and Expected Timetable Not applicable.

: Key Information

ITEM 3: Key Information A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for Offer and Use of Proceeds Not applicable. D. Risk Factors Summary of Risk Factors Our business involves a high degree of risk. You should consider carefully the risks and uncertainties described below, together with the financial and other information contained in this annual report and our other filings with the U.S. Securities and Exchange Commission (the "SEC"). If any of the following risks actually occur, our business, financial condition and results of operations would suffer. In this case, the trading price of our ordinary shares would likely decline and you might lose all or part of your investment. This report also contains forward-looking statements that involve risks and uncertainties. Our results of operations could materially differ from those anticipated in these forward-looking statements, as a result of certain factors including the risks described below and elsewhere in this report and our other filings with the SEC. These risks are not the only ones we face. Additional risks that we currently do not know about or that we currently believe to be immaterial may also impair our business operations. 4 Below is a high-level overview of the risks that we and those in our industry face, and is intended to enhance the readability and accessibility of our disclosures. These risks include, but are not limited to: general economic and business conditions, including fluctuations of interest and inflation rates, which may affect demand for our technology and solutions; the effects of fluctuations in currency on our results of operation and financial condition; our ability to achieve profitability, such as through keeping pace with advances in technology and achieving market acceptance and increasing the functionality of our products and offering additional features and products; the impact of the telco operator's Go To Market strategy and imple

View Full Filing

View this 20-F filing on SEC EDGAR