Ceragon Networks (CRNT) 20-F 1 May 23 2022 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Entity Registrant Name	CERAGON NETWORKS LTD.
Entity Central Index Key	0001119769
Document Type	20-F
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2022
Entity File Number	0-30862
Entity Incorporation, State or Country Code	L3
Entity Address, Address Line One	3 Uri Ariav st., Bldg. A (7th Floor) PO Box 112
Entity Address, City or Town	Rosh Ha’Ayin
Entity Address Country	IL
Entity Address, Postal Zip Code	4810002
Title of 12(b) Security	Ordinary Shares, Par Value NIS 0.01
Trading Symbol	CRNT
Name of Exchange on which Security is Registered	NASDAQ
Entity Common Stock, Shares Outstanding	84,353,379
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	U.S. GAAP
Auditor Attestation Flag	true
Entity Shell Company	false
Auditor Firm ID	1281
Auditor Name	KOST FORER GABBAY & KASIERER
Auditor Location	Tel-Aviv, Israel
Business Contact [Member]
Contact Personnel Name	Hadar Vismunsk
Entity Address, Address Line One	3 Uri Ariav st., Bldg. A (7th
Entity Address, City or Town	Rosh Ha’Ayin
Entity Address Country	IL
Entity Address, Postal Zip Code	4810002
City Area Code	972
Local Phone Number	3-543-
Contact Personnel Fax Number	3-543-1600

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 22,948	$ 17,079
Trade receivables (net of allowance for credit losses of $ 7,470 and $ 22,410 at December 31, 2021 and 2022, respectively)	100,034	107,826
Other accounts receivable and prepaid expenses	15,756	17,179
Inventories	72,009	61,398
Total current assets	210,747	203,482
NON-CURRENT ASSETS:
Trade receivables (net of allowance for credit losses of $ 1,117 and $ 0 at December 31, 2021 and 2022, respectively)	0	10,484
Severance pay and pension fund	4,633	5,648
Property and equipment, net	29,456	29,383
Intangible assets, net	8,208	6,274
Operating lease right-of-use assets	17,962	20,233
Other non-current assets	18,312	17,059
Total long-term assets	78,571	89,081
Total assets	289,318	292,563
CURRENT LIABILITIES:
Trade payables	67,384	69,436
Deferred revenues	3,343	3,384
Short-term loans	37,500	14,800
Operating lease liabilities	3,745	4,359
Other accounts payable and accrued expenses	20,864	23,704
Total current liabilities	132,836	115,683
LONG-TERM LIABILITIES:
Accrued severance pay and pensions	9,314	10,799
Deferred revenues	11,545	9,275
Operating lease liabilities	13,187	17,210
Other long-term payables	2,653	2,445
Total long-term liabilities	36,699	39,729
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:
Share capital - Ordinary shares of NIS 0.01 par value - Authorized: 120,000,000 shares at December 31, 2021 and 2022; Issued: 87,413,119 and 87,834,902 shares at December 31, 2021 and 2022, respectively; Outstanding: 83,931,596 and 84,353,379 shares at December 31, 2021 and 2022, respectively	224	224
Additional paid-in capital	432,214	428,244
Treasury shares at cost – 3,481,523 ordinary shares at December 31, 2021 and 2022	(20,091)	(20,091)
Accumulated other comprehensive loss	(11,156)	(9,507)
Accumulated deficit	(281,408)	(261,719)
Total shareholders' equity	119,783	137,151
Total liabilities and shareholders' equity	$ 289,318	$ 292,563

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Dec. 31, 2022 ₪ / shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 ₪ / shares	Dec. 31, 2021 USD ($) shares
Statement of Financial Position [Abstract]
Trade receivables, allowance for credit losses | $		$ 22,410		$ 7,470
Trade receivables, allowance for credit losses | $		$ 0		$ 1,117
Ordinary shares, par value | ₪ / shares	₪ 0.01		₪ 0.01
Ordinary shares, shares authorized		120,000,000		120,000,000
Ordinary shares, shares issued		87,834,902		87,413,119
Ordinary shares, shares outstanding		84,353,379		83,931,596
Treasury stock, ordinary shares		3,481,523		3,481,523

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 295,173	$ 290,766	$ 262,881
Cost of revenues	202,110	202,389	187,236
Gross profit	93,063	88,377	75,645
Operating expenses:
Research and development, net	29,690	29,473	30,997
Sales and marketing	35,795	33,509	33,021
General and administrative	34,295	20,589	19,199
Other operating expenses	4,220	0	0
Total operating expenses	104,000	83,571	83,217
Operating income (loss)	(10,937)	4,806	(7,572)
Financial expenses and others, net	6,306	8,625	5,923
Loss before taxes on income	(17,243)	(3,819)	(13,495)
Taxes on income	2,446	11,009	2,618
Equity loss in affiliates	0	0	979
Net loss	$ (19,689)	$ (14,828)	$ (17,092)
Net loss per share:
Basic net loss per share	$ (0.23)	$ (0.18)	$ (0.21)
Diluted net loss per share	$ (0.23)	$ (0.18)	$ (0.21)
Weighted average number of ordinary shares used in computing basic net loss per share	84,132,982	83,414,831	81,149,687
Weighted average number of ordinary shares used in computing diluted net loss per share	84,132,982	83,414,831	81,149,687

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (19,689)	$ (14,828)	$ (17,092)
Other comprehensive income (loss):
Change in foreign currency translation adjustment	353	(325)	(929)
Cash flow hedges:
Change in net unrealized gains	(4,057)	346	1,752
Amounts reclassified into net loss	2,055	(1,460)	(225)
Net change	(2,002)	(1,114)	1,527
Other comprehensive income (loss), net	(1,649)	(1,439)	598
Total of comprehensive loss	$ (21,338)	$ (16,267)	$ (16,494)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Ordinary shares [Member]		Additional paid-in capital [Member]	Treasury shares at cost [Member]	Accumulated other comprehensive loss [Member]	Accumulated deficit [Member]	Total
Balance at Dec. 31, 2019	$ 215		$ 418,062	$ (20,091)	$ (8,666)	$ (229,099)	$ 160,421
Balance, shares at Dec. 31, 2019	80,662,805
Cumulative effect of adoption of ASU Topic 326	$ 0		0	0	0	(700)	(700)
Exercise of options and vesting of RSU's	$ 3		1,234	0	0	0	1,237
Exercise of options and vesting of RSU's, shares	1,040,561
Share-based compensation expense	$ 0		1,662	0	0	0	1,662
Other comprehensive income (loss), net	0		0	0	598	0	598
Net loss	0		0	0	0	(17,092)	(17,092)
Balance at Dec. 31, 2020	$ 218		420,958	(20,091)	(8,068)	(246,891)	146,126
Balance, shares at Dec. 31, 2020	81,703,366
Exercise of options and vesting of RSU's	$ 6		4,724	0	0	0	4,730
Exercise of options and vesting of RSU's, shares	2,228,230
Share-based compensation expense	$ 0		2,562	0	0	0	2,562
Other comprehensive income (loss), net	0		0	0	(1,439)	0	(1,439)
Net loss	0		0	0	0	(14,828)	(14,828)
Balance at Dec. 31, 2021	$ 224		428,244	(20,091)	(9,507)	(261,719)	$ 137,151
Balance, shares at Dec. 31, 2021	83,931,596						83,931,596
Exercise of options and vesting of RSU's	$ 0	[1]	410	0	0	0	$ 410
Exercise of options and vesting of RSU's, shares	422,085
Share-based compensation expense	$ 0		3,560	0	0	0	3,560
Other comprehensive income (loss), net	0		0	0	(1,649)	0	(1,649)
Net loss	0		0	0	0	(19,689)	(19,689)
Balance at Dec. 31, 2022	$ 224		$ 432,214	$ (20,091)	$ (11,156)	$ (281,408)	$ 119,783
Balance, shares at Dec. 31, 2022	84,353,681						84,353,379
[1]Represent an amount lower than $1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (19,689)	$ (14,828)	$ (17,092)
Adjustments required to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	11,040	12,246	12,861
Loss from sale of property and equipment, net	20	82	0
Share-based compensation expense	3,560	2,562	1,662
Increase (decrease) in accrued severance pay and pensions, net	(445)	(418)	488
Decrease (increase) in trade receivables, net	18,428	(11,150)	9,345
Increase in other accounts receivable and prepaid expenses (including other long-term assets)	(345)	(6,976)	(6,661)
Decrease (increase) in inventories	(11,155)	(11,908)	9,919
Decrease in operating lease right-of-use assets	3,571	5,713	5,121
Increase (decrease) in trade payables	(2,018)	5,883	1,953
Increase in deferred revenues	2,229	1,672	2,988
Decrease (increase) in deferred tax assets, net	0	8,279	(173)
Decrease in operating lease liability	(5,937)	(4,620)	(5,112)
Increase (decrease) in other accounts payable and accrued expenses (including other long-term liabilities)	(4,154)	(1,556)	1,946
Net cash provided by (used in) operating activities	(4,895)	(15,019)	17,245
Cash flows from investing activities:
Purchase of property and equipment	(10,464)	(9,383)	(6,077)
Proceeds from sale of property and equipment	0	200	0
Purchase of intangible assets	(1,957)	(212)	(412)
Net cash used in investing activities	(12,421)	(9,395)	(6,489)
Cash flows from financing activities:
Proceeds from (repayment of) bank credits and loans, net	22,700	9,800	(8,621)
Proceeds from exercise of stock options	410	4,730	1,237
Net cash provided by (used in) financing activities	23,110	14,530	(7,384)
Translation adjustments on cash and cash equivalents	75	(138)	(210)
Increase (decrease) in cash and cash equivalents	5,869	(10,022)	3,162
Cash and cash equivalents at the beginning of the year	17,079	27,101	23,939
Cash and cash equivalents at the end of the year	22,948	17,079	27,101
Supplemental disclosure of cash flow information:
Cash paid for income taxes	1,871	1,995	3,003
Cash paid for interest on bank loans and factoring fees	$ 3,456	$ 1,280	$ 1,137

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1:- GENERAL a. Ceragon Networks Ltd. ("the Company") is a global innovator and leading solutions provider of wireless transport. The Company helps operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul and fronthaul solutions. The Company’s unique multicore technology and disaggregated approach to wireless transport provides highly reliable, fast to deploy, high-capacity wireless transport for 5G and 4G networks with minimal use of spectrum, power, real estate, and labor resources. It enables increased productivity, as well as simple and quick network modernization. The Company delivers a complete portfolio of turnkey end-to-end AI-based managed and professional services that ensure efficient network rollout and optimization to achieve the highest value for its customers. The Company sells its products through a direct sales force, systems integrators, distributors and original equipment manufacturers. The Company's wholly owned subsidiaries provide research and development, marketing, manufacturing, distribution, sales and technical support to the Company's customers worldwide. As to principal markets and major customers, see notes 17b and 17c. b. In the summer of 2022, Aviat Networks Inc. (“Aviat”), a competitor of the Company has launched a hostile takeover attempt against the Company, after purchasing more than 5% of the Company outstanding shares. Total expenses associated with the hostile takeover amounted to $4,220 for the year ended December 31, 2022 and presented as part of the other operating expenses in the Company's consolidated financial statements.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES a. Basis of presentation: The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP"). b. Use of estimates: The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. Actual results could differ from those estimates. On an ongoing basis, the Company's management evaluates estimates, including those related to intangible assets, tax assets and liabilities, fair values of share-based awards, inventory write-offs, warranty provision and allowance for credit loss. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. c. Financial statements in U.S. dollars: A majority of the revenues of the Company and certain of its subsidiaries are generated in U.S. dollars ("dollars"). In addition, a substantial portion of the Company's and certain of its subsidiaries' costs is incurred in dollars. Since management believes that the dollar is the currency of the primary economic environment in which the Company and its subsidiaries operate and considers the non-U.S. subsidiaries to be a direct, integral extension of the parent company's operations, the dollar is its functional and reporting currency. Accordingly, amounts in currencies other than U.S dollars have been re-measured in accordance with ASC topic 830, "Foreign Currency Matters" ("ASC 830") as follows: Monetary balances - at the exchange rate in effect on the balance sheet date. Consolidated statements of operations items - average exchange rates prevailing during the year. All exchange gains and losses from the re-measurement mentioned above are reflected in the statement of operations in financial expenses and others, net. The financial statements of the Company's Brazilian subsidiary, whose functional currency is not the dollar, have been re-measured and translated into dollars. All amounts on the balance sheets have been translated into the dollar using the exchange rates in effect on the relevant balance sheet dates. All amounts in the statements of operations have been translated into the dollar using the average exchange rate for the relevant periods. The resulting translation adjustments are reported as a component of accumulated other comprehensive income (loss) in shareholders' equity. d. Principles of consolidation: The consolidated financial statements include the accounts of the Company and its subsidiaries ("the Group"). Intercompany balances and transactions including profits from intercompany sales not yet realized outside the Group, have been eliminated upon consolidation. e. Cash equivalents: Cash equivalents include short-term unrestricted, highly liquid investments that are readily convertible to cash and with original maturities of three months or less, at acquisition. f. Inventories: Inventories are stated at the lower of cost or net realizable value. Inventory write-offs are provided to cover risks arising from slow-moving items, technological obsolescence, excess inventories, discontinued products, and for market prices lower than cost, if any. The Company periodically evaluates the quantities on hand relative to historical and projected sales volume (which is determined based on an assumption of future demand and market conditions) and the age of the inventory. At the point of the loss recognition, a new lower cost basis for that inventory is established. In addition, if required, the Company records a liability for firm non-cancelable and unconditional purchase commitments with contract manufacturers for quantities in excess of the Company's future demands forecast consistent with its valuation of excess and obsolete inventory. Inventory includes costs of products delivered to customers and not recognized as cost of sales, where revenues in the related arrangements were not recognized. Cost is determined for all types of inventory using the moving average cost method plus indirect costs. g. Long-term trade receivables Long-term trade receivables, with payment terms in excess of one year that are considered collectible, are recorded at their estimated present values. h. Property and equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets, at the following annual rates: % Computers, manufacturing and peripheral equipment 6 – 33 Office, furniture and equipment Mainly 15 Leasehold improvements Over the shorter of the term of the lease or useful life of the asset i. Intangible assets, net: Intangible assets consist of technology and incurred software development costs capitalized in accordance with ASC 985-20, "Software - Costs of Software to be Sold, Leased, or Marketed". Intangible assets that are considered to have definite useful life are amortized using the straight-line basis over their estimated useful lives. j. Impairment of long-lived assets: The Company's long-lived assets are reviewed for impairment in accordance with ASC topic 360," Property Plant and Equipment", ("ASC 360"), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. During the years 2020, 2021 and 2022, no k. Income taxes: The Company account for income taxes in accordance with ASC topic 740, "Income Taxes", ("ASC 740"). This Statement prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and for carry forward losses deferred taxes are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company and its subsidiaries provide a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value if it is more likely than not that some portion or all of the deferred tax asset will not be realized. ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions accounted for in accordance with ASC 740. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company elected to classify interest expenses and penalties recognized in the financial statements as income taxes. l. Revenue recognition: The Company recognizes revenue when (or as) it satisfies performance obligations by transferring promised products or services to its customers in an amount that reflects the consideration the Company expects to receive. The Company applies the following five steps: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. For each contract, the Company considers the promise to transfer tangible products, network roll-out, professional services and customer support, each of which are distinct, to be the identified performance obligations. In determining the transaction price, the Company evaluates whether the price is subject to rebates and adjustments to determine the net consideration to which the Company expects to receive. As the Company’s standard payment terms are less than one year, the contracts have no significant financing component. The Company allocates the transaction price to each distinct performance obligation based on their relative standalone selling price. Revenue from tangible products is recognized at a point in time when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied). The revenues from customer support and extended warranty is recognized ratably over the contract period and the costs associated with these contracts are recognized as incurred. Revenues from network roll-out and professional services are recognized when the Company's performance obligation is satisfied, usually upon customer acceptance. The Company accounts for rebates and stock rotations provided to customers as variable consideration, based on historical analysis of credit memo data, rebate plans and stock rotation arrangements, as a deduction from revenue in the period in which the revenue is recognized. m. Research and development expenses, net: Research and development expenses, net of government grants, are charged to the statement of operations as incurred, except for development expenses which were capitalized in accordance with ASC 985-20 "Software – Costs of Software to be Sold, Leased, or Marketed" (see i above). n. Warranty costs: The Company generally offers a standard limited warranty, including parts and labor for an average period of 1-3 years for its products. The Company estimates the costs that may be incurred under its basic limited warranty and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the Company's warranty liability include the number of installed units, historical and anticipated rates of warranty claims, and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. The Company recorded income (expenses) from decrease (increase) of warranty provision for the years ended December 31, 2020, 2021 and 2022 in the amount of $178, $(417) and $290 respectively. As of December 31, 2021 and 2022, the warranty provision was $1,691 and $1,401 respectively. o. Derivative instruments: The Company has instituted a foreign currency cash flow hedging program using foreign currency forward and option contracts ("derivative instruments") in order to hedge the exposure to variability in expected future cash flows resulting from changes in related foreign currency exchange rates. These transactions are designated as cash flow hedges, as defined under ASC topic 815, "Derivatives and Hedging". ASC 815 requires companies to recognize all of their derivative instruments as either assets or liabilities in the financial statements at fair value. The Company measured the fair value of the contracts in accordance with ASC topic 820, "Fair value Measurement and Disclosures" at Level 2 (see also note 2t). The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge or a cash flow hedge. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. For derivative instruments that don’t meet the definition of a hedge, the changes in the fair value are included immediately in earnings in “Financial expenses and others, net”, in each reporting period. The Company's cash flow hedging program is to hedge against the risk of overall changes in cash flows resulting from forecasted foreign currency of salary and rent payments during the year. The Company hedges portions of its forecasted expenses denominated in NIS with forward exchange contracts. p. Concentrations of credit risk: Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, and trade receivables. The majority of the Company's cash and cash equivalents are maintained in U.S. dollar. Generally, these cash and cash equivalents may be redeemed upon demand. Management believes that the financial institutions that hold the Company's and its subsidiaries' cash and cash equivalents are institutions with high credit standing, and accordingly, minimal credit risk exists with respect to these assets. The Company's trade receivables are geographically diversified and derived from sales to customers all over the world. The Company and its subsidiaries generally do not require collateral; however, in certain circumstances, the Company and its subsidiaries may require letters of credit, additional guarantees or advance payments. The Company and its subsidiaries perform ongoing credit evaluations of their customers and insure certain trade receivables under credit insurance policies. q. Transfers of financial assets: ASC 860 "Transfers and Servicing", ("ASC 860"), establishes a standard for determining when a transfer of financial assets should be accounted for as a sale. The Company's arrangements are such that the underlying conditions are met for the transfer of financial assets to qualify for accounting as a sale. The transfers of financial assets are typically performed by the factoring of receivables to four financial institutions. As of December 31, 2021, and 2022, the Company sold trade receivables to several different financial institutions in a total net amount of $ 36,047 and $ 29,070, respectively. Control and risk of those trade receivables were fully transferred in accordance with ASC 860. During the years ended on December 31, 2020, 2021 and 2022, the Company recorded amounts of $ 575, $ 905 and $ 1,262, respectively, as financial expense related to its factoring arrangements. r. Severance pay: The Company's severance pay liability for its Israeli employees is calculated pursuant to Israel's Severance Pay Law based on the most recent salary of the employees multiplied by the number of years of employment, as of the balance sheet date. Employees are entitled to one month's salary for each year of employment or a portion thereof. The Company's liability for all of its employees in Israel is covered by monthly deposits with pension funds, insurance policies and an accrual. The value of the funds deposited into pension funds and insurance policies is recorded as an asset - severance pay fund - in the Company's balance sheet. The severance pay fund includes the deposited funds and accumulated adjustments to the Israeli Consumer Price Index up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Israel's Severance Pay Law or labor agreements. The value of the deposited funds in insurance policies, is based on the cash surrendered value of these policies and includes profits / losses. Starting April 2009, the Company's agreements with new employees in Israel are under section 14 of the Severance Pay Law -1963. The Company's contributions for severance pay shall replace its severance obligation, no additional calculations shall be conducted between the parties regarding the matter of severance pay and no additional payments shall be made by the Company to the employee. Further, the related obligation and amounts deposited on behalf of such obligation are not stated on the balance sheet, as the Company is legally released from obligation to employees once the deposit amounts have been paid. As of December 2021 and 2022, accrued severance pay amounted to $8,453 and $7,284 respectively. Severance expense for the years ended December 31, 2020, 2021 and 2022, amounted to approximately $2,538, $1,906 and $2,859, respectively. The Company accounts for its obligations for pension and other postretirement benefits in accordance with ASC 715, "Compensation - Retirement Benefits". For more information refer to note 11. s. Accounting for stock-based compensation: ASC topic 718, "Compensation - Stock Compensation", ("ASC 718"), requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations. The Company estimates the fair value of stock options granted under ASC 718 using the binomial model with the following assumptions for 2020, 2021 and 2022: December 31, 2020 2021 2022 Dividend yield 0% 0% 0% Volatility 60% - 85% 66% - 87% 47% - 73% Risk free interest 0.1% - 1.0% 0.1% - 1.3% 2.1% - 4.1% Early exercise multiple 1.5 - 1.6 1.55 2.20 Risk-free interest rates are based on the yield from U.S. Treasury zero-coupon bonds with a term equivalent to the contractual life of the options; volatility of price of the Company's shares based upon actual historical stock price movements. The Early exercise factor is representing the value of the underlying stock as a multiple of the exercise price of the option which, if achieved, results in exercise of the option. Early exercise multiple is based on actual historical exercise activity. The expected term of the options granted is derived from output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The Company recognizes compensation expense using the accelerated method for all awards ultimately expected to vest. Estimated forfeitures are based on historical pre-vesting forfeitures and on management's estimates. ASC topic 718 requires forfeitures to be estimated and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. t. Fair value of financial instruments: The Company applies ASC 820, "Fair Value Measurements and Disclosures". Under this standard, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the inputs as follows: Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorized as Level 3. The following methods and assumptions were used by the Company and its subsidiaries in estimating their fair value disclosures for financial instruments. The carrying amounts of cash and cash equivalents, trade receivables, other accounts receivable, trade payables, and other accounts payable and accrued expenses approximate their fair values due to the short-term maturities of such instruments. The derivative instruments are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. u. Comprehensive income: The Company accounts for comprehensive income in accordance with ASC topic 220, "Comprehensive Income". This statement establishes standards for the reporting and display of comprehensive income and its components in a full set of general purpose financial statements. Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The components of accumulated other comprehensive income - (“AOCI”) were as follows: Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustments Total Balance as of January 1, 2022 $ 731 $ (10,238 ) $ (9,507 ) Other comprehensive income (loss) before reclassifications (4,057 ) 353 (3,704 ) Amounts reclassified from AOCI 2,055 - 2,055 Other comprehensive income (loss) (2,002 ) 353 (1,649 ) Balance as of December 31, 2022 $ (1,271 ) $ (9,885 ) $ (11,156 ) The effects on net loss of amounts reclassified from AOCI for the year ended December 31, 2022 derive from realized losses on cash flow hedges, included in cost of sales and operating expenses. v. Treasury shares: The Company repurchased its ordinary shares on the open-market and holds such shares as Treasury shares. The Company presents the cost of repurchased treasury shares as a reduction of shareholders' equity. w. Basic and diluted net earnings per share: Basic net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year. Diluted net earnings per share is computed based on the weighted average number of ordinary shares outstanding during each year, plus dilutive potential ordinary shares considered outstanding during the year, in accordance with ASC topic 260, "Earnings Per Share" ("ASC 260"). The total weighted average number of shares related to the outstanding options and RSU's excluded from the calculations of diluted net earnings per share due to their anti-dilutive effect was 4,204,381, 1,695,149 and 5,599,666 for the years ended December 31, 2020, 2021 and 2022, respectively. x. Equity method investment Investments in companies that are not controlled but over which the Company can exercise significant influence are presented using the equity method of accounting. y. Impact of recently issued Accounting Standards: The Company has reviewed recent accounting pronouncements and concluded that they are either not applicable to its business or that no material effect is expected on the consolidated financial statements as a result of their future adoption.

OTHER ACCOUNTS RECEIVABLE AND P

OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES	12 Months Ended
	Dec. 31, 2022
Prepaid Expense and Other Assets [Abstract]
OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES	NOTE 3:- OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES December 31, 2021 2022 Government authorities $ 9,022 $ 7,867 Deferred charges and prepaid expenses 6,214 6,087 Deposits receivable 279 473 Advances to suppliers 256 405 Hedging asset 852 8 Other 556 916 $ 17,179 $ 15,756

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4:- INVENTORIES December 31, 2021 2022 Raw materials $ 22,581 $ 35,111 Work in progress 423 143 Finished products 38,394 36,755 $ 61,398 $ 72,009 During the years ended December 31, 2020, 2021 and 2022, the Company recorded inventory write-offs for excess inventory and slow-moving inventory in a total amount of $2,919 $ 1,907 and $1,980, respectively that have been included in cost of revenues. As of December 31, 2022, the Company has an outstanding inventory purchase orders with its suppliers in the amount of $18,162. The commitments are due primarily within one year.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 5:- PROPERTY AND EQUIPMENT, NET December 31, 2021 2022 Cost: Computers, manufacturing, peripheral equipment $ 133,465 $ 143,522 Office furniture and equipment 2,341 2,372 Leasehold improvements 1,460 1,694 137,266 147,588 Accumulated depreciation: Computers, manufacturing, peripheral equipment 105,300 115,260 Office furniture and equipment 1,578 1,724 Leasehold improvements 1,005 1,148 107,883 118,132 Depreciated cost $ 29,383 $ 29,456 Depreciation expenses for the years ended December 31, 2020, 2021 and 2022 were $10,668, $11,845 and $10,620 respectively. Changes of property and equipment not resulted in cash outflows as of December 31, 2020, 2021 and 2022 amounted to $1,562, $1,058 and $ 586, respectively.

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
INTANGIBLE ASSETS, NET	NOTE 6:- INTANGIBLE ASSETS, NET Intangible assets: The following table sets forth the components of intangible assets: December 31, 2021 2022 Original amounts: Technology $ 4,325 $ 6,679 Software development costs 2,879 2,879 7,204 9,558 Accumulated amortization: Technology - 17 Software development costs 930 1,333 930 1,350 Net amounts: Technology 4,325 6,662 Software development costs 1,949 1,546 Intangible assets, net $ 6,274 $ 8,208 Technology includes mainly perpetual software licenses to be used in the Company's research and development activities. During 2022, the Company purchased $2,353 technology, out of which $551 was not resulted in cash flow outflows as of December 31, 2022. Some of the software license agreements provide a commitment of the Company for royalties payments upon future sales of the related developed products. Software development costs are amortized over 7 years and Technology costs are amortized over 5 to 10 years. Amortization expenses for the years ended December 31, 2020, 2021 and 2022 amounted to $393, $401 and $420 respectively. The following table represents the expected amortization in future periods, as of December 31, 2022: 2023 587 2024 617 2025 1,389 2026 1,320 2027 969 2028 and thereafter 3,326 Total expected amortization 8,208

OTHER ACCOUNTS PAYABLE AND ACCR

OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 7:- OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES December 31, 2021 2022 Employees and payroll accruals $ 11,799 $ 10,047 Provision for warranty costs 1,691 1,401 Government authorities 2,223 1,815 Accrued expenses 2,403 2,376 Advanced payments from customers 5,044 3,604 Hedging Liability 313 1,423 Other 231 198 $ 23,704 $ 20,864

CREDIT LINES

CREDIT LINES	12 Months Ended
	Dec. 31, 2022
Long-term Debt, Unclassified [Abstract]
CREDIT LINES	NOTE 8:- CREDIT LINES In March 2013, the Company was provided with a revolving Credit Facility by four financial institutions. The Credit Facility was renewed and amended several times during the past years according to Company's needs and financial position. In June 2022, the Company signed the latest amendment to the agreement in the frame of which the Credit Facility was extended by additional 1 year, till June 30, 2023. This amendment also included an increase of $12,200 to $62,200 to the Credit Facility for loans and a decrease of same amount to the bank guarantees credit lines to $57,800 in a way that the total credit facilities for bank guarantees and for loans remains unchanged. Furthermore, an amendment signed earlier in 2022 updated the definitions of interest in the agreement to reflect changes related to the adoption of the new Secured Overnight Financing Rate (“SOFR”) interest. As of December 31, 2022, the Company has utilized $37,500 of the $62,200 available under the Credit Facility for short term loans. As of December 31, 2022, the Company has not utilized the $5,000 available credit facility from other financial institution. During 2022, the credit lines carried interest rates in the range of 2.1% and 8.0%. The Credit Facility is secured by a floating charge over all Company assets as well as several customary fixed charges on specific assets. Repayment could be accelerated by the financial institutions in certain events of default including in insolvency events, failure to comply with financial covenants or an event in which a current or future shareholder acquires control (as defined under the Israel Securities Law) of the Company. The credit agreement contains financial and other covenants requiring that the Company maintains, among other things, minimum shareholders' equity value and financial assets, a certain ratio between its shareholders' equity (excluding total intangible assets) and the total value of its assets (excluding total intangible assets) on its balance sheet, a certain ratio between its net financial debt to each of its working capital and accounts receivable. As of December 31, 2021 and 2022, the Company met all of its covenants.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 9:- DERIVATIVE INSTRUMENTS The Company enters into foreign currency forward and option contracts with financial institutions to protect against the exposure to changes in exchange rates of several foreign currencies that are associated with forecasted cash flows and existing assets and liabilities. The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation. Foreign currency derivative contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. The fair value of derivative contracts in the consolidated balance sheets at December 31, 2021 and December 31, 2022 were as follows: Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses December 31, 2021 Derivatives designated as hedging instruments: Currency forward contracts $ 743 $ (12 ) Derivatives not designated as hedging instruments: Currency forward and option contracts 109 (301 ) Total derivatives $ 852 $ (313 ) Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses December 31, 2022 Derivatives designated as hedging instruments: Currency forward contracts $ - $ (1,271 ) Derivatives not designated as hedging instruments: Currency forward and option contracts 8 (152 ) Total derivatives $ 8 $ (1,423 ) The notional amounts for derivatives contracts were as follows: December 31, 2021 2022 Derivatives designated as hedging instruments: Currency forward contracts $ 41,832 $ 42,848 Derivatives not designated as hedging instruments: Currency forward and option contracts $ 34,304 $ 16,082 The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is up to 12 months. The effect of derivative contracts on the consolidated statements of operations for the years ended December 31, 2020, 2021 and 2022 was as follows: Year ended December 31, 2020 2021 2022 Operating income (expense) $ 225 $ 1,460 $ (2,055 ) Financial income (expenses) $ (894 ) $ 304 $ (170 )

CREDIT LOSSES

CREDIT LOSSES	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
CREDIT LOSSES	NOTE 10:- CREDIT LOSSES The Company is exposed to credit losses primarily through sales to customers. The Company’s expected loss allowance methodology for trade receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status. The estimate of amount of trade receivable that may not be collected is based on the geographic location of the trade receivable balances, aging of the trade receivable balances, the financial condition of customers and the Company’s historical experience with customers in similar geographies. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. The following table provides a roll-forward of the allowance for credit losses that is deducted from the amortized cost basis of trade receivables to present the net amount expected to be collected: December 31, 2021 2022 Balance, at beginning of Period $ 6,198 $ 8,587 Provision for expected credit losses 3,087 14,489 Amounts written off charged against the allowance and others (698 ) (666 ) Balance, at end of period $ 8,587 $ 22,410

PENSION LIABILITIES, NET

PENSION LIABILITIES, NET	12 Months Ended
	Dec. 31, 2022
Liability, Defined Benefit Plan [Abstract]
PENSION LIABILITIES, NET	NOTE 11:- PENSION LIABILITIES, NET The Norwegian subsidiary Ceragon Networks AS (formerly "Nera Networks AS") has defined contribution schemes and four unfunded pension plans. Under the defined contributions scheme Ceragon Networks AS makes a payment to the insurance company who administer the fund on behalf of the employee. Ceragon Networks AS has no liabilities relating to such schemes after the payment to the insurance company. As of December 31, 2022, all active employees are in this scheme. The contribution and the corresponding social security taxes are recognized as payroll expenses in the period to which the employee's services are rendered. The defined pension contribution schemes meet the requirements of the law on compulsory occupational pension. Defined benefit scheme was stopped for admission from December 1, 2007, and persons that were employed after that date were automatically entered into the defined contribution scheme. The schemes give right to defined future benefits. These are mainly dependent on the number of qualifying employment years, salary level at pension age, and the amount of benefits from the national insurance scheme. The commitment related to the pension scheme is covered through an insurance company. AFP-scheme - in force from 1 January 2011, the AFP-scheme is a defined benefit multi-enterprise scheme, but is recognized in the accounts as a defined contribution scheme until reliable and sufficient information is available for the group to recognize its proportional share of pension cost, pension liability and pension funds in the scheme. Ceragon Networks AS's liabilities are therefore not recognized as liability in the balance sheet. The liabilities in respect of Ceragon Networks AS's unfunded pension plans together represent 100% of the PBO (Projected Benefit Obligation) of the entire group. The following tables provide a reconciliation of the changes in the plans' benefits obligation for the year ended December 31, 2021 and 2022, and the statement of funds status as of December 31, 2021 and 2022: December 31, 2021 2022 Change in projected benefit obligation Projected benefit obligation at beginning of year 2,510 2,512 Interest cost 38 37 Expenses paid (170 ) (153 ) Exchange rates differences (85 ) (252 ) Actuarial loss 219 26 Projected benefit obligation at end of year $ 2,512 $ 2,170 The assumptions used in the measurement of the Company' benefits obligations as of December 31, 2021 and 2022 are as follows: December 31, 2021 2022 Weighted-average assumptions Discount rate 1.90 % 3.00 % Rate of compensation increase 2.75 % 3.50 % The amounts reported for net periodic pension costs and the respective benefit obligation amounts are dependent upon the actuarial assumptions used. The Company reviews historical trends, future expectations, current market conditions and external data to determine the assumptions. The discount rate is the covered bond. For purposes of calculating the 2022 net periodic benefit cost and the 2022 benefit obligation, the Company has used a discount rate of 3.00%. The rate of compensation increase is determined by the Company, based upon its long-term plans for such increases. The following table provides the components of net periodic benefits cost for the years ended December 31, 2020, 2021 and 2022: December 31, 2020 2021 2022 Components of net periodic benefit cost Service cost $ - $ - $ - Interest cost 52 38 37 Net periodic benefit cost $ 52 $ 38 $ 37 Benefit payments are expected to be paid as follows: December 31, 2022 2023 140 2024 134 2025 137 2026 147 2027 and thereafter 1,612 $ 2,170 Regarding the policy for amortizing actuarial gains or losses for pension and post-employment plans, the Company has chosen to charge the actuarial gains or losses to statement of operations. Interest cost and actuarial gain or losses are presented in financial expenses and others, net. For the years ended December 31, 2020, 2021 and 2022, an actuarial loss of $241, $219 and $26 respectively, was recognized in "finance expenses and others, net".

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 12:- COMMITMENTS AND CONTINGENT LIABILITIES a. Leases See Note 13 “Leases” for lease related commitments as of December 31, 2022. b. During 2020, 2021 and 2022, the Company received several grants from the Israeli Innovation Authority ("IIA"). The c. Charges and guarantees: As of December 31, 2021 and 2022, the Company provided guarantees in an aggregate amount of $37,236 and $28,737 (including bank guarantee disclosed in Note 12d), respectively, with respect to tender offer guarantees, financial guarantees, warranty guarantees and performance guarantees to its customers. d. Litigations The Company is currently involved in various claims and legal proceedings. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. 1) Class action claim (District Court of Tel Aviv - Economic Department) On January 6, 2015 the Company was served with a motion to approve a purported class action, naming the Company, its Chief Executive Officer and its directors as defendants (the “Defendants”). The motion was filed with the District Court of Tel-Aviv (the “Court”). The purported class action alleges breaches of duties by making false and misleading statements in the Company's SEC filings and public statements. The class action claimed amount is $75,000. On June 21, 2015, the Defendants filed their response to the motion, arguing that the motion should be dismissed. On May 27, 2021, following a lengthy procedure that included filing of various pleadings and affidavits, evidentiary hearings, and submission of summaries, the Court ruled to certify the Motion as a class action, while applying the Israeli Law (“the Ruling”). According to the Ruling, the class action shall include several causes of action according to the Israeli Securities Act and the Israeli Torts Ordinance, concerning the alleged misleading statements in the Company’s SEC filings. According to the Ruling, it is possible that the Company included misleading statements in the Company’s SEC filings. On June 9, 2021 the Court issued a decision suggesting that the parties will refer the case to a mediation procedure. The Company believes that the Ruling is erroneous and that the Defendants has strong defense arguments, and therefore, on September 12, 2021, filed a motion for a rehearing on behalf of the Defendants in order to revert the Ruling (the “Rehearing Motion”). On October 20, 2021, the Plaintiff submitted his response to the Rehearing Motion and the Defendants submitted their reply to the Plaintiff’s response on November 23, 2021. In light of the fact that the Ruling applied and was based upon Israeli Law (instead of the relevant foreign law), the Tel Aviv Stock Exchange filed a motion requesting the Court to allow it to join the proceedings as Amicus Curiae, in order to express its principle opinion that the applicable law, in so far as dual listed companies are concerned, is the foreign law, as well as regarding the negative implications of the Court’s application of Israeli law on dual listed companies. Meanwhile, and without delaying or derogating from the Rehearing Motion, the Company agreed to the Court’s suggestion that the parties will refer the case to a mediation procedure, and designated the retired Judge B. Arnon as a mediator. After several mediation meetings were held, the mediation process ended without reaching a settlement. On January 3, 2022 a hearing was held in Court in the Rehearing Motion before the Honorable Justices K. Kabub, R. Ronen and T. Avrahami. Following the hearing, on January 25, 2022, the Attorney General joined the proceedings of the Rehearing Motion and submitted his position in collaboration with the Securities Authority. The Attorney General’s principle position as outlined, was that the applicable law in so far as dual listed companies are concerned is the foreign law, and in our case - US law. On January 27, 2022, a judgment was rendered in the Rehearing Motion. The Court ruled that the Ruling was erroneous as it applied Israeli Law, instead of foreign law, and held accordingly that the law that will apply is US law. The Court further held that the case will be returned to the first judicial instance and will be adjudicated as a class claim under the US law. The Court commented that the Company’s claims based upon the Statute of Limitations should prima facie also be adjudicated under the US law. On March 20, 2022, following the Court's decision, the Plaintiff filed to the first judicial instance, an amended class action claim, based on provisions of US law. The Plaintiff estimated the amended claim amount at $ 52,099. On June 28, 2022, following a joint application filed by the parties in order to approve certain procedural matters, the Court issued a decision suggesting that the parties should consider initiating another mediation procedure. On July 5, 2022, following the Court's decision, the parties filed a notice, informing the Court that they believe that the time to consider initiating another mediation procedure, will be only after the parties submit their pleadings. On November 3, 2022, the Defendants submitted their Statement of Defense, based on U.S law. On February 5, 2023, the Plaintiff submitted his response to the Defendants’ Statement of Defense. A preliminary hearing is scheduled for June 19, 2023. As was held in the judgement rendered in the Rehearing Motion, U.S law presents a higher bar for Plaintiffs in comparison to Israeli law in proving claims regarding misleading representations to investors. However, given that the class action is being adjudicated under U.S law and that the Court has yet to address the parties’ pleadings, the Company’s attorneys cannot asses, at this preliminary stage, the chances of the class action to be accepted. 2) Claim against Station Enterprises Ltd. regarding breach of the Lease Agreement A dispute has arisen between the Company and Station Enterprises Ltd, with respect to the lease agreement signed between the parties on April 11, 2019 (the "Lease Agreement"), under which the Company leases its offices and labs in Rosh Haayin. The Company, the lessee, claims that Station Enterprises was late in delivering the possession to the lessee and has not fulfilled its maintenance and management obligations. Therefore, the Company claims that Station Enterprises breached its contractual obligations, causing the Company damages and expenses.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	NOTE 13:- LEASES The Company`s leases include offices and warehouses for its facilities worldwide, as well as car leases, which are all classified as operating leases. Certain leases include renewal options that are under the Company`s sole discretion. The renewal options were included in the right of use (“ROU”) and liability calculation if it was reasonably certain that the Company will exercise the option. The components of lease expense and supplemental cash flow information related to leases for the years ended December 31, 2021 and 2022 were as follows: Year ended December 31, 2020 2021 2022 Components of lease expense Operating lease cost $ 5,484 $ 4,869 $ 4,428 Short-term lease $ 43 $ 100 $ 52 Total lease expenses $ 5,527 $ 4,969 $ 4,480 Year ended December 31, 2020 2021 2022 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 5,489 $ 4,843 $ 4,497 Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets $ 1,773 $ 19,166 $ 1,300 For the year ended December 31, 2022, the weighted average remaining lease term is approximately seven years, and the weighted average discount rate is 5 percent. The discount rate was determined based on the estimated collateralized borrowing rate of the Company, adjusted to the specific lease term and location of each lease. Maturities of lease liabilities as of December 31, 2022 were as follows: 2023 3,799 2024 2,774 2025 2,290 2026 2,101 2027and thereafter 8,819 Total operating lease payments 19,783 Less: imputed interest 2,851 Present value of lease liability 16,932

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 14:- SHAREHOLDERS' EQUITY The ordinary shares of the Company are traded on the Nasdaq Global Select Market, under the symbol "CRNT". a. General: The ordinary shares entitle their holders to receive notice to participate and vote in general meetings of the Company, the right to share in distributions upon liquidation of the Company, and to receive dividends, if declared. b. Stock options plans: 1. In 2003, the Company adopted a share option plan which has been extended or replaced from time to time. To date, the plan that is currently in effect is the Amended and Restated Share Option and RSU Plan as amended August 10, 2014 (the “Plan”). Under the Plan, options and RSUs may be granted to officers, directors, employees and consultants of the Company or its subsidiaries. The options vest primarily over four years, subject to certain exceptions. The options expire between six 2. The following table summarizes the activities for the Company’s stock options for the year ended December 31, 2022: Year ended December 31, 2022 Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 5,186,446 $ 3.40 4.01 $ 534 Granted 1,478,696 2.33 Exercised (226,116 ) 1.81 Forfeited or expired (1,133,294 ) 4.42 Outstanding at end of the year 5,305,732 $ 2.95 3.83 $ 19 Options exercisable at end of the year 2,735,334 $ 2.99 2.86 $ 3 Vested and expected to vest 4,052,658 $ 2.96 3.50 $ 10 The weighted average fair value of options granted during 2020, 2021 and 2022 was $1.06, $2.25 and $1.32, respectively. The intrinsic value of options exercised during the years ended December 31, 2020, 2021 and 2022 was $770, $5,519 and $117, respectively. The following table summarizes the activities for the Company’s RSUs for the year ended December 31, 2022: Year ended December 31, 2022 Number of RSUs Aggregate intrinsic value Unvested at beginning of year 699,679 $ 1,805 Granted 1,805,163 Vested (195,969 ) Forfeited (200,534 ) Unvested at end of the year 2,108,339 $ 4,027 Vested and expected to vest 1,564,025 $ 2,987 The weighted average fair value at grant date of RSUs granted during 2020, 2021 and 2022 was $2.11, $4.07 and $2.56, respectively. As of December 31, 2022, the total unrecognized estimated compensation cost related to non-vested stock options and RSU`s granted prior to that date was $5,490, which is expected to be recognized over a weighted average period of approximately one year. The total equity-based compensation expense related to all of the Company's equity-based awards, recognized for the years ended December 31, 2020, 2021 and 2022, was comprised as follows: Year ended December 31, 2020 2021 2022 Cost of revenues $ 110 $ 289 $ 587 Research and development, net 243 236 405 Sales and marketing 545 700 1,355 General and administrative 764 1,337 1,213 Total share-based compensation expenses $ 1,662 $ 2,562 $ 3,560 c. Dividends: In the event that cash dividends are declared in the future, such dividends will be paid in NIS or in foreign currency subject to any statutory limitations. The Company does not intend to pay cash dividends in the foreseeable future.

TAXES ON INCOME

TAXES ON INCOME	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
TAXES ON INCOME	NOTE 15:- TAXES ON INCOME a. Israeli taxation: 1. Measurement of taxable income: The Company has elected to file its tax return under the Israeli Income Tax Regulations 1986 (Principles Regarding the Management of Books of Account of Foreign Invested Companies and Certain Partnerships and the Determination of Their Taxable Income). Accordingly, starting tax year 2003, results of operations in Israel are measured in terms of earnings in U.S. dollars. 2. Tax benefits under the Law for the Encouragement of Capital Investments, 1959 (the "Law"): According to the Law, the Company is entitled to various tax benefits by virtue of the "Approved Enterprise" status granted to part of their enterprises, as implied by this Law. The principal benefits by virtue of the Law are: According to the provisions of the Law, the Company has chosen to enjoy the "Alternative" track. Under this track, the Company is tax exempt in the first two years of the benefit period and subject to tax at the reduced rate of 10%-25% for the remaining benefit period. The benefit period under Approved Enterprise starts with the first year the benefited enterprise earns taxable income, provided that 14 years have not passed since the approval was granted and 12 years have not passed since the enterprise began operating. Generally, a company that is Abundant in Foreign Investment is entitled to an extension of the benefits period by an additional five years. The tax benefits under the Approved Enterprise are conditional upon the fulfillment of the conditions stipulated by the Law, regulations published and the letters of approval for the investments in the approved enterprises. Non-compliance with the conditions may cancel all or part of the benefits and refund of the amount of the benefits, including interest. The Company has three capital investment programs that have been granted Approved Enterprise status, under the Law. As of December 31, 2022, the 14 years have passed for the three Approved Enterprise programs. Income from sources other than the "Approved Enterprise" during the benefit period will be subject to the tax at the regular tax rate. The Company believes it will continue to enjoy its current tax benefits in accordance with the provisions of the Investment Law prior to the 2005 Amendment. In December 2016, the Knesset passed an additional amendment to the Law which provides for additional benefits to Preferred Technological Enterprises by reducing the tax rate on preferred Technological Enterprise income (as such is defined in Amendment 73) to 12% (the "Amendment"). This Amendment came into effect in May 2017 when the Minister of Finance promulgated the regulations for its implementation. The Company has evaluated the effect of the adoption of the Amendment on its financial statements, and as of the date of the approval of the financial statements, the Company did not apply the Amendment. The Company may change its position in the future. 3. Tax benefits under the Law for the Encouragement of Industry (Taxes), 1969: The Encouragement Law provides several tax benefits for industrial companies. An industrial company is defined as a company resident and located in Israel, at least 90% of the income of which in a given tax year exclusive of income from specified Government loans, capital gains, interest and dividends, is derived from an industrial enterprise owned by it. An industrial enterprise is defined as an enterprise whose major activity in a given tax year is industrial production activity. Management believes that the Company is currently qualified as an "industrial company" under the Encouragement Law and, as such, enjoys tax benefits, including: (1) deduction of purchase of know-how and patents and/or right to use a patent over an eight-year period; (2) the right to elect, under specified conditions, to file a consolidated tax return with additional related Israeli industrial companies and an industrial holding company; (3) accelerated depreciation rates on equipment and buildings; and (4) expenses related to a public offering on the Tel-Aviv Stock Exchange and on recognized stock markets outside of Israel, are deductible in equal amounts over three years. Eligibility for benefits under the Encouragement Law is not subject to receipt of prior approval from any Governmental authority. No assurance can be given that the Israeli tax authorities will agree that the Company qualifies, or, if the Company qualifies, that the Company will continue to qualify as an industrial company or that the benefits described above will be available to the Company in the future. 4. Tax rates: Taxable income of Israeli companies was subject to tax at the rate - 23% in the years 2020, 2021 and 2022. The effective tax rate payable by a company which is taxed under the Investment Law may be considerably lower (see also note 15.a2 above). Israeli corporations are generally taxed at the corporate income tax rate on their capital gains. The Company's tax assessments through 2016 tax year are considered final. b. Income taxes for non-Israeli subsidiaries: Non-Israeli subsidiaries are taxed according to the tax laws in their respective counties of residence. c. The income tax expense for the years ended December 31, 2020, 2021 and 2022 consisted of the following: Year ended December 31, 2020 2021 2022 Current $ 2,641 $ 2,181 $ 1,140 Deferred (23 ) 8,828 1,306 $ 2,618 $ 11,009 $ 2,446 Domestic (Israel) $ 839 $ 8,844 $ 664 Foreign 1,779 2,165 1,782 $ 2,618 $ 11,009 $ 2,446 d. Deferred income taxes: Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows: December 31, 2021 2022 Deferred tax assets: Net operating loss carry forward $ 64,353 $ 65,148 Temporary differences: Allowance for credit loss 13,595 17,087 Research and development 6,003 6,092 Lease liabilities 4,975 3,891 Unrealized foreign exchange gains/losses 1,197 2,285 Vacation 539 591 Severance 1,012 1,090 Other - 1,652 Deferred tax assets before valuation allowance 91,674 97,836 Valuation allowance (86,191 ) (93,529 ) Deferred tax assets 5,483 4,307 Deferred tax liabilities: Property and equipment, net (315 ) (145 ) Right-of-use lease assets (4,609 ) (4,140 ) Unrealized foreign exchange gains/losses (303 ) - Other (256 ) ( 22 ) Deferred tax asset, net $ - $ - In assessing the realization of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realized in each tax jurisdiction. The ultimate realization of the deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible and net operating losses are utilized. Based on consideration of these factors, the Company recorded valuation allowance amounting $86,191 and $93,529 as of December 31, 2021 and 2022 respectively. e. Net operating loss carry forward and capital loss: As of December 31, 2022, the Company has accumulated net operating losses and capital loss for Israeli income tax purposes in the amount of approximately $195,722 and $8,130, respectively. The net operating losses and capital loss may be carried forward and offset against taxable income in the future for an indefinite period. As of December 31, 2022, the Company's Norwegian subsidiary had a net operating loss carry forward of approximately $16,023 that can be carried forward. The net operating losses may be carried forward and offset against taxable income in the future for an indefinite period. As of December 31, 2022, the Company's Brazilian subsidiary had a net operating loss carryforward of approximately $31,775 that can be carried forward. The net operating losses may be carried forward and offset against taxable income in the future for an indefinite period. The offset is limited to a maximum 30% of the annual taxable income. f. Income (Loss) before taxes is comprised as follows: Year ended December 31, 2020 2021 2022 Domestic $ (24,192 ) $ (5,430 ) $ (20,850 ) Foreign 10,697 1,611 3,607 $ (13,495 ) $ (3,819 ) $ (17,243 ) g. Reconciliation of the theoretical tax expense to the actual tax expense: Reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statements of operations is as follows: Year ended December 31, 2020 2021 2022 Income (loss) before taxes as reported in the consolidated statements of operations $ (13,495 ) $ (3,819 ) $ (17,243 ) Statutory tax rate 23 % 23 % 23 % Theoretical tax expenses (income) on the above amount at the Israeli statutory tax rate $ (3,104 ) $ (878 ) $ (3,966 ) Non-deductible expenses and other permanent differences (111 ) (1,602 ) 265 Non-deductible expenses related to employee stock options 383 590 819 Deferred tax assets on losses and other temporary differences for which valuation allowance was provided, net 5,318 12,326 5,378 Other 132 573 (50 ) Actual tax expense (benefit) $ 2,618 $ 11,009 $ 2,446 h. A reconciliation of the beginning and ending balances of unrecognized tax benefits related to uncertain tax positions December 31, 2021 2022 Beginning balance $ 2,421 $ 2,367 Decreases in tax positions for prior years (538 ) (537 ) Increases related to tax positions taken during prior years 59 132 Increase related to tax positions taken during the current year 425 330 Ending balance $ 2,367 $ 2,291 The Company has further accrued $349 due to interest and penalty related to uncertain tax positions as of December 31, 2022.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2022
Revenues [Abstract]
REVENUES	NOTE 16:- REVENUES The Company recognizes contract liabilities, or deferred revenues, when it receives advance payments from customers before performance obligations have been performed. The balance of deferred revenues approximates the aggregate amount of the transaction price allocated to the unsatisfied performance obligations at the end of reporting period. The following table presents the significant changes in the deferred revenue balance during the year ended December 31, 2022: Year ended December 31, 2021 Year ended December 31, 2022 Balance, beginning of the period $ 10,987 $ 12,659 New performance obligations 6,329 6,458 Reclassification to revenue as a result of satisfying performance obligations (4,657 ) (4,229 ) Balance, end of the period 12,659 14,888 Less: long-term portion of deferred revenue 9,275 11,545 Current portion, end of period $ 3,384 $ 3,343 Remaining performance obligations represent contracted revenues that have not yet been recognized, which includes deferred revenues and non-cancelable contracts that will be recognized as revenue in future periods. The following table represents the remaining performance obligations as of December 31, 2022, which are expected to be satisfied and recognized in future periods: 2024 2025 and thereafter Unsatisfied performance obligations 670 10,875 The Company elected to apply the optional exemption under ASC 606 paragraph 10-50-14(a) not to disclose the remaining performance obligations that relate to contracts with an original expected duration of one year or less.

SEGMENTS, CUSTOMERS AND GEOGRAP

SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION	12 Months Ended
	Dec. 31, 2022
Geographic Areas, Revenues from External Customers [Abstract]
SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION	NOTE 17:- SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION a. The Company applies ASC topic 280, "Segment Reporting", ("ASC 820"). The Company operates in one reportable segment (see Note 1 for a brief description of the Company's business). The total revenues are attributed to geographic areas based on the location of the end customer. b. The following tables present total revenues for the years ended December 31, 2020, 2021 and 2021 and long-lived assets as of December 31, 2021 and 2022: Year ended December 31, 2020 2021 2022 Revenues: North America (*) $ 38,165 $ 47,505 $ 67,108 Europe 44,832 47,382 42,909 Africa 23,497 23,165 19,324 Asia-Pacific and Middle East 47,677 32,008 32,970 India 62,047 86,088 80,957 Latin America 46,663 54,618 51,905 $ 262,881 $ 290,766 $ 295,173 (*) As of December 31, 2022, 2021 and 2020 87%, 72% and 79% represents revenues in the United States. Long-lived assets, net: December 31, 2021 2022 Israel $ 42,192 $ 41,076 Others 7,424 6,342 Total long-lived assets, net (*) $ 49,616 $ 47,418 (*) Long-lived assets are comprised of property and equipment, net and operating lease right-of-use assets c. Major customer data as a percentage of total revenues: In 2022, the company had revenues from two customers that represent two groups of affiliated companies equaling 22.77% and 12.39%, and a single customer that accounted for approximately 12.44% total revenues. In 2021, the Company had revenues from two customers that represent two groups of affiliated companies equaling 18.77% and a single customer equaling 11.37% of total revenues. In 2020, the company had revenues from a single customer that represents group of affiliated companies equaling 22.1% of total revenues.

SELECTED STATEMENTS OF OPERATIO

SELECTED STATEMENTS OF OPERATIONS DATA	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Data [Abstract]
SELECTED STATEMENTS OF OPERATIONS DATA	NOTE 18:- SELECTED STATEMENTS OF OPERATIONS DATA a. Financial expenses and others, net: Year ended December 31, 2020 2021 2022 Financial income: Interest on deposits $ 79 $ 160 $ 107 Foreign currency translation differences and derivatives 1,330 571 3,054 Others 807 - - 2,216 731 3,161 Financial expenses: Bank charges and interest on loans (4,130 ) (4,650 ) (5,016 ) Foreign currency translation differences and derivatives (3,716 ) (4,449 ) (4,451 ) Others (293 ) (257 ) - (8,139 ) (9,356 ) (9,467 ) $ (5,923 ) $ (8,625 ) $ (6,306 ) b. Net loss per share: The following table sets forth the computation of basic and diluted net earnings per share: Year ended December 31, 2020 2021 2022 Numerator: Numerator for basic and diluted net loss per share - loss available to shareholders of Ordinary shares $ (17,092 ) $ (14,828 ) $ (19,689 ) Denominator: Denominator for basic and diluted net loss per share – adjusted weighted average number of Ordinary shares 81,149,687 83,414,831 84,132,982

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	NOTE 19:- RELATED PARTY BALANCES AND TRANSACTIONS Related party balances and transactions are with related companies and principal shareholder. Yehuda Zisapel is a shareholder of the Company. Zohar Zisapel is the Chairman of the Board of Directors of the Company and also a principal shareholder of the Company. Yehuda and Zohar Zisapel are brothers who do not have a voting agreement between them. Jointly or severally, they are also founders, directors and principal shareholders of several other companies that are known as the RAD-BYNET group. Members of the RAD-BYNET group provide the Company on an as-needed basis with information systems infrastructure, administrative services, medical insurance, as well as in connection with logistics services, the Company reimburses each company for its costs in providing these services. The aggregate amount of these expenses was approximately $1,801 ,$2,677 and $1,662 in 2020, 2021 and 2022, respectively. The Company leased its offices in Israel from real estate holding companies controlled by Yehuda and Zohar Zisapel. The leases were expired by the end of 2021. The aggregate amount of rent and maintenance expenses related to these properties were approximately $2,099, $894 and $0 in 2020, 2021 and 2022, respectively. The Company has an OEM arrangement with RADWIN, a member of RAD-BYNET group, according to which the Company purchases RADWIN products that are then resold to the Company's customers. In addition, the Company purchases certain inventory components from other members of the RAD-BYNET group, which are integrated into its products. The aggregate purchase price of these components was approximately $83, $305 and $122 for the years ended December 31, 2020, 2021 and 2022, respectively. The Company purchases certain property and equipment from members of the RAD-BYNET group, the aggregate purchase price of these assets was approximately $274, $175 and $180 for the years ended December 31 2020, 2021 and 2022, respectively. As part of the operating agreements with Orocom for the Pronatel project in Peru, the Company had two seats in Orocom’s board of directors out of four seats, as well as other protective rights in Orocom. As a result, Orocom and its shareholders were defined as “related companies” of Ceragon. As of December 31, 2021, the Company has no seats in Orocom’s board of directors and following the return of the guarantees in the beginning of 2020, the Company’s protective rights in Orocom were revoked. As a result of the above Orocom and its shareholders are not defined as “related companies” of Ceragon. Transactions with related parties: Year ended December 31, 2020 2021 2022 Revenues $ 5,843 $ 394 $ 47 Cost of revenues $ 4,715 $ 1,125 $ 345 Research and development expenses $ 1,245 $ 608 $ 115 Sales and marketing expenses $ 731 $ 617 $ 284 General and administrative expenses $ 913 $ 1,527 $ 1,040 Purchase of property and equipment $ 274 $ 175 $ 180 Balances with related parties: December 31, 2021 2022 Trade payables, other accounts payable and accrued expenses $ 376 $ 380 Trade Receivables $ 78 $ -

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of presentation	a. Basis of presentation: The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. ("U.S. GAAP").
Use of estimates	b. Use of estimates: The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. Actual results could differ from those estimates. On an ongoing basis, the Company's management evaluates estimates, including those related to intangible assets, tax assets and liabilities, fair values of share-based awards, inventory write-offs, warranty provision and allowance for credit loss. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Financial statements in U.S. dollars	c. Financial statements in U.S. dollars: A majority of the revenues of the Company and certain of its subsidiaries are generated in U.S. dollars ("dollars"). In addition, a substantial portion of the Company's and certain of its subsidiaries' costs is incurred in dollars. Since management believes that the dollar is the currency of the primary economic environment in which the Company and its subsidiaries operate and considers the non-U.S. subsidiaries to be a direct, integral extension of the parent company's operations, the dollar is its functional and reporting currency. Accordingly, amounts in currencies other than U.S dollars have been re-measured in accordance with ASC topic 830, "Foreign Currency Matters" ("ASC 830") as follows: Monetary balances - at the exchange rate in effect on the balance sheet date. Consolidated statements of operations items - average exchange rates prevailing during the year. All exchange gains and losses from the re-measurement mentioned above are reflected in the statement of operations in financial expenses and others, net. The financial statements of the Company's Brazilian subsidiary, whose functional currency is not the dollar, have been re-measured and translated into dollars. All amounts on the balance sheets have been translated into the dollar using the exchange rates in effect on the relevant balance sheet dates. All amounts in the statements of operations have been translated into the dollar using the average exchange rate for the relevant periods. The resulting translation adjustments are reported as a component of accumulated other comprehensive income (loss) in shareholders' equity.
Principles of consolidation	d. Principles of consolidation: The consolidated financial statements include the accounts of the Company and its subsidiaries ("the Group"). Intercompany balances and transactions including profits from intercompany sales not yet realized outside the Group, have been eliminated upon consolidation.
Cash equivalents	e. Cash equivalents: Cash equivalents include short-term unrestricted, highly liquid investments that are readily convertible to cash and with original maturities of three months or less, at acquisition.
Inventories	f. Inventories: Inventories are stated at the lower of cost or net realizable value. Inventory write-offs are provided to cover risks arising from slow-moving items, technological obsolescence, excess inventories, discontinued products, and for market prices lower than cost, if any. The Company periodically evaluates the quantities on hand relative to historical and projected sales volume (which is determined based on an assumption of future demand and market conditions) and the age of the inventory. At the point of the loss recognition, a new lower cost basis for that inventory is established. In addition, if required, the Company records a liability for firm non-cancelable and unconditional purchase commitments with contract manufacturers for quantities in excess of the Company's future demands forecast consistent with its valuation of excess and obsolete inventory. Inventory includes costs of products delivered to customers and not recognized as cost of sales, where revenues in the related arrangements were not recognized. Cost is determined for all types of inventory using the moving average cost method plus indirect costs.
Long-term trade receivables	g. Long-term trade receivables Long-term trade receivables, with payment terms in excess of one year that are considered collectible, are recorded at their estimated present values.
Property and equipment	h. Property and equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets, at the following annual rates: % Computers, manufacturing and peripheral equipment 6 – 33 Office, furniture and equipment Mainly 15 Leasehold improvements Over the shorter of the term of the lease or useful life of the asset
Intangible assets, net	i. Intangible assets, net: Intangible assets consist of technology and incurred software development costs capitalized in accordance with ASC 985-20, "Software - Costs of Software to be Sold, Leased, or Marketed". Intangible assets that are considered to have definite useful life are amortized using the straight-line basis over their estimated useful lives.
Impairment of long-lived assets	j. Impairment of long-lived assets: The Company's long-lived assets are reviewed for impairment in accordance with ASC topic 360," Property Plant and Equipment", ("ASC 360"), whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the asset. If an asset is considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. During the years 2020, 2021 and 2022, no
Income taxes	k. Income taxes: The Company account for income taxes in accordance with ASC topic 740, "Income Taxes", ("ASC 740"). This Statement prescribes the use of the liability method whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and for carry forward losses deferred taxes are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company and its subsidiaries provide a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value if it is more likely than not that some portion or all of the deferred tax asset will not be realized. ASC 740 contains a two-step approach to recognizing and measuring uncertain tax positions accounted for in accordance with ASC 740. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company elected to classify interest expenses and penalties recognized in the financial statements as income taxes.
Revenue recognition	l. Revenue recognition: The Company recognizes revenue when (or as) it satisfies performance obligations by transferring promised products or services to its customers in an amount that reflects the consideration the Company expects to receive. The Company applies the following five steps: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. For each contract, the Company considers the promise to transfer tangible products, network roll-out, professional services and customer support, each of which are distinct, to be the identified performance obligations. In determining the transaction price, the Company evaluates whether the price is subject to rebates and adjustments to determine the net consideration to which the Company expects to receive. As the Company’s standard payment terms are less than one year, the contracts have no significant financing component. The Company allocates the transaction price to each distinct performance obligation based on their relative standalone selling price. Revenue from tangible products is recognized at a point in time when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied). The revenues from customer support and extended warranty is recognized ratably over the contract period and the costs associated with these contracts are recognized as incurred. Revenues from network roll-out and professional services are recognized when the Company's performance obligation is satisfied, usually upon customer acceptance. The Company accounts for rebates and stock rotations provided to customers as variable consideration, based on historical analysis of credit memo data, rebate plans and stock rotation arrangements, as a deduction from revenue in the period in which the revenue is recognized.
Research and development expenses, net	m. Research and development expenses, net: Research and development expenses, net of government grants, are charged to the statement of operations as incurred, except for development expenses which were capitalized in accordance with ASC 985-20 "Software – Costs of Software to be Sold, Leased, or Marketed" (see i above).
Warranty costs	n. Warranty costs: The Company generally offers a standard limited warranty, including parts and labor for an average period of 1-3 years for its products. The Company estimates the costs that may be incurred under its basic limited warranty and records a liability in the amount of such costs at the time product revenue is recognized. Factors that affect the Company's warranty liability include the number of installed units, historical and anticipated rates of warranty claims, and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. The Company recorded income (expenses) from decrease (increase) of warranty provision for the years ended December 31, 2020, 2021 and 2022 in the amount of $178, $(417) and $290 respectively. As of December 31, 2021 and 2022, the warranty provision was $1,691 and $1,401 respectively.
Derivative instruments	o. Derivative instruments: The Company has instituted a foreign currency cash flow hedging program using foreign currency forward and option contracts ("derivative instruments") in order to hedge the exposure to variability in expected future cash flows resulting from changes in related foreign currency exchange rates. These transactions are designated as cash flow hedges, as defined under ASC topic 815, "Derivatives and Hedging". ASC 815 requires companies to recognize all of their derivative instruments as either assets or liabilities in the financial statements at fair value. The Company measured the fair value of the contracts in accordance with ASC topic 820, "Fair value Measurement and Disclosures" at Level 2 (see also note 2t). The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge or a cash flow hedge. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. For derivative instruments that don’t meet the definition of a hedge, the changes in the fair value are included immediately in earnings in “Financial expenses and others, net”, in each reporting period. The Company's cash flow hedging program is to hedge against the risk of overall changes in cash flows resulting from forecasted foreign currency of salary and rent payments during the year. The Company hedges portions of its forecasted expenses denominated in NIS with forward exchange contracts.
Concentrations of credit risk	p. Concentrations of credit risk: Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, and trade receivables. The majority of the Company's cash and cash equivalents are maintained in U.S. dollar. Generally, these cash and cash equivalents may be redeemed upon demand. Management believes that the financial institutions that hold the Company's and its subsidiaries' cash and cash equivalents are institutions with high credit standing, and accordingly, minimal credit risk exists with respect to these assets. The Company's trade receivables are geographically diversified and derived from sales to customers all over the world. The Company and its subsidiaries generally do not require collateral; however, in certain circumstances, the Company and its subsidiaries may require letters of credit, additional guarantees or advance payments. The Company and its subsidiaries perform ongoing credit evaluations of their customers and insure certain trade receivables under credit insurance policies.
Transfers of financial assets	q. Transfers of financial assets: ASC 860 "Transfers and Servicing", ("ASC 860"), establishes a standard for determining when a transfer of financial assets should be accounted for as a sale. The Company's arrangements are such that the underlying conditions are met for the transfer of financial assets to qualify for accounting as a sale. The transfers of financial assets are typically performed by the factoring of receivables to four financial institutions. As of December 31, 2021, and 2022, the Company sold trade receivables to several different financial institutions in a total net amount of $ 36,047 and $ 29,070, respectively. Control and risk of those trade receivables were fully transferred in accordance with ASC 860. During the years ended on December 31, 2020, 2021 and 2022, the Company recorded amounts of $ 575, $ 905 and $ 1,262, respectively, as financial expense related to its factoring arrangements.
Severance pay	r. Severance pay: The Company's severance pay liability for its Israeli employees is calculated pursuant to Israel's Severance Pay Law based on the most recent salary of the employees multiplied by the number of years of employment, as of the balance sheet date. Employees are entitled to one month's salary for each year of employment or a portion thereof. The Company's liability for all of its employees in Israel is covered by monthly deposits with pension funds, insurance policies and an accrual. The value of the funds deposited into pension funds and insurance policies is recorded as an asset - severance pay fund - in the Company's balance sheet. The severance pay fund includes the deposited funds and accumulated adjustments to the Israeli Consumer Price Index up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to Israel's Severance Pay Law or labor agreements. The value of the deposited funds in insurance policies, is based on the cash surrendered value of these policies and includes profits / losses. Starting April 2009, the Company's agreements with new employees in Israel are under section 14 of the Severance Pay Law -1963. The Company's contributions for severance pay shall replace its severance obligation, no additional calculations shall be conducted between the parties regarding the matter of severance pay and no additional payments shall be made by the Company to the employee. Further, the related obligation and amounts deposited on behalf of such obligation are not stated on the balance sheet, as the Company is legally released from obligation to employees once the deposit amounts have been paid. As of December 2021 and 2022, accrued severance pay amounted to $8,453 and $7,284 respectively. Severance expense for the years ended December 31, 2020, 2021 and 2022, amounted to approximately $2,538, $1,906 and $2,859, respectively. The Company accounts for its obligations for pension and other postretirement benefits in accordance with ASC 715, "Compensation - Retirement Benefits". For more information refer to note 11.
Accounting for stock-based compensation	s. Accounting for stock-based compensation: ASC topic 718, "Compensation - Stock Compensation", ("ASC 718"), requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statements of operations. The Company estimates the fair value of stock options granted under ASC 718 using the binomial model with the following assumptions for 2020, 2021 and 2022: December 31, 2020 2021 2022 Dividend yield 0% 0% 0% Volatility 60% - 85% 66% - 87% 47% - 73% Risk free interest 0.1% - 1.0% 0.1% - 1.3% 2.1% - 4.1% Early exercise multiple 1.5 - 1.6 1.55 2.20 Risk-free interest rates are based on the yield from U.S. Treasury zero-coupon bonds with a term equivalent to the contractual life of the options; volatility of price of the Company's shares based upon actual historical stock price movements. The Early exercise factor is representing the value of the underlying stock as a multiple of the exercise price of the option which, if achieved, results in exercise of the option. Early exercise multiple is based on actual historical exercise activity. The expected term of the options granted is derived from output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The Company recognizes compensation expense using the accelerated method for all awards ultimately expected to vest. Estimated forfeitures are based on historical pre-vesting forfeitures and on management's estimates. ASC topic 718 requires forfeitures to be estimated and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.
Fair value of financial instruments	t. Fair value of financial instruments: The Company applies ASC 820, "Fair Value Measurements and Disclosures". Under this standard, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the inputs as follows: Level 1 - Valuations based on quoted prices in active markets for identical assets that the Company has the Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value The availability of observable inputs can vary from investment to investment and is affected by a wide variety of factors, including, for example, the type of investment, the liquidity of markets and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment and the investments are categorized as Level 3. The following methods and assumptions were used by the Company and its subsidiaries in estimating their fair value disclosures for financial instruments. The carrying amounts of cash and cash equivalents, trade receivables, other accounts receivable, trade payables, and other accounts payable and accrued expenses approximate their fair values due to the short-term maturities of such instruments. The derivative instruments are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.
Comprehensive income	u. Comprehensive income: The Company accounts for comprehensive income in accordance with ASC topic 220, "Comprehensive Income". This statement establishes standards for the reporting and display of comprehensive income and its components in a full set of general purpose financial statements. Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The components of accumulated other comprehensive income - (“AOCI”) were as follows: Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustments Total Balance as of January 1, 2022 $ 731 $ (10,238 ) $ (9,507 ) Other comprehensive income (loss) before reclassifications (4,057 ) 353 (3,704 ) Amounts reclassified from AOCI 2,055 - 2,055 Other comprehensive income (loss) (2,002 ) 353 (1,649 ) Balance as of December 31, 2022 $ (1,271 ) $ (9,885 ) $ (11,156 ) The effects on net loss of amounts reclassified from AOCI for the year ended December 31, 2022 derive from realized losses on cash flow hedges, included in cost of sales and operating expenses.
Treasury shares	v. Treasury shares: The Company repurchased its ordinary shares on the open-market and holds such shares as Treasury shares. The Company presents the cost of repurchased treasury shares as a reduction of shareholders' equity.
Basic and diluted net earnings per share	w. Basic and diluted net earnings per share: Basic net earnings per share are computed based on the weighted average number of ordinary shares outstanding during each year. Diluted net earnings per share is computed based on the weighted average number of ordinary shares outstanding during each year, plus dilutive potential ordinary shares considered outstanding during the year, in accordance with ASC topic 260, "Earnings Per Share" ("ASC 260"). The total weighted average number of shares related to the outstanding options and RSU's excluded from the calculations of diluted net earnings per share due to their anti-dilutive effect was 4,204,381, 1,695,149 and 5,599,666 for the years ended December 31, 2020, 2021 and 2022, respectively.
Equity method investment	x. Equity method investment Investments in companies that are not controlled but over which the Company can exercise significant influence are presented using the equity method of accounting.
Impact of recently issued Accounting Standards	y. Impact of recently issued Accounting Standards: The Company has reviewed recent accounting pronouncements and concluded that they are either not applicable to its business or that no material effect is expected on the consolidated financial statements as a result of their future adoption.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Annual Depreciation Rates	% Computers, manufacturing and peripheral equipment 6 – 33 Office, furniture and equipment Mainly 15 Leasehold improvements Over the shorter of the term of the lease or useful life of the asset
Schedule of Stock Option Granted Assumptions	December 31, 2020 2021 2022 Dividend yield 0% 0% 0% Volatility 60% - 85% 66% - 87% 47% - 73% Risk free interest 0.1% - 1.0% 0.1% - 1.3% 2.1% - 4.1% Early exercise multiple 1.5 - 1.6 1.55 2.20
Schedule of Accumulated Other Comprehensive Income, Net	Unrealized Gains (Losses) on Cash Flow Hedges Foreign Currency Translation Adjustments Total Balance as of January 1, 2022 $ 731 $ (10,238 ) $ (9,507 ) Other comprehensive income (loss) before reclassifications (4,057 ) 353 (3,704 ) Amounts reclassified from AOCI 2,055 - 2,055 Other comprehensive income (loss) (2,002 ) 353 (1,649 ) Balance as of December 31, 2022 $ (1,271 ) $ (9,885 ) $ (11,156 )

OTHER ACCOUNTS RECEIVABLE AND_2

OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2022
Prepaid Expense and Other Assets [Abstract]
Schedule of other accounts receivable and prepaid expenses	December 31, 2021 2022 Government authorities $ 9,022 $ 7,867 Deferred charges and prepaid expenses 6,214 6,087 Deposits receivable 279 473 Advances to suppliers 256 405 Hedging asset 852 8 Other 556 916 $ 17,179 $ 15,756

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	December 31, 2021 2022 Raw materials $ 22,581 $ 35,111 Work in progress 423 143 Finished products 38,394 36,755 $ 61,398 $ 72,009

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property And Equpment, Net	December 31, 2021 2022 Cost: Computers, manufacturing, peripheral equipment $ 133,465 $ 143,522 Office furniture and equipment 2,341 2,372 Leasehold improvements 1,460 1,694 137,266 147,588 Accumulated depreciation: Computers, manufacturing, peripheral equipment 105,300 115,260 Office furniture and equipment 1,578 1,724 Leasehold improvements 1,005 1,148 107,883 118,132 Depreciated cost $ 29,383 $ 29,456

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets	December 31, 2021 2022 Original amounts: Technology $ 4,325 $ 6,679 Software development costs 2,879 2,879 7,204 9,558 Accumulated amortization: Technology - 17 Software development costs 930 1,333 930 1,350 Net amounts: Technology 4,325 6,662 Software development costs 1,949 1,546 Intangible assets, net $ 6,274 $ 8,208
Schedule of Estimated Future Amortization Expense of Other Intangible Assets	2023 587 2024 617 2025 1,389 2026 1,320 2027 969 2028 and thereafter 3,326 Total expected amortization 8,208

OTHER ACCOUNTS PAYABLE AND AC_2

OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2022
Payables and Accruals [Abstract]
Schedule Of Other Accounts Payable And Accrued Expenses	December 31, 2021 2022 Employees and payroll accruals $ 11,799 $ 10,047 Provision for warranty costs 1,691 1,401 Government authorities 2,223 1,815 Accrued expenses 2,403 2,376 Advanced payments from customers 5,044 3,604 Hedging Liability 313 1,423 Other 231 198 $ 23,704 $ 20,864

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Contracts	Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses December 31, 2021 Derivatives designated as hedging instruments: Currency forward contracts $ 743 $ (12 ) Derivatives not designated as hedging instruments: Currency forward and option contracts 109 (301 ) Total derivatives $ 852 $ (313 ) Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses December 31, 2022 Derivatives designated as hedging instruments: Currency forward contracts $ - $ (1,271 ) Derivatives not designated as hedging instruments: Currency forward and option contracts 8 (152 ) Total derivatives $ 8 $ (1,423 ) The notional amounts for derivatives contracts were as follows: December 31, 2021 2022 Derivatives designated as hedging instruments: Currency forward contracts $ 41,832 $ 42,848 Derivatives not designated as hedging instruments: Currency forward and option contracts $ 34,304 $ 16,082
Schedule of Derivative Contracts on Consolidated Statements of Operations	Year ended December 31, 2020 2021 2022 Operating income (expense) $ 225 $ 1,460 $ (2,055 ) Financial income (expenses) $ (894 ) $ 304 $ (170 )

CREDIT LOSSES (Tables)

CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Allowance for Credit Losses	December 31, 2021 2022 Balance, at beginning of Period $ 6,198 $ 8,587 Provision for expected credit losses 3,087 14,489 Amounts written off charged against the allowance and others (698 ) (666 ) Balance, at end of period $ 8,587 $ 22,410

PENSION LIABILITIES, NET (Table

PENSION LIABILITIES, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Liability, Defined Benefit Plan [Abstract]
Schedule of Changes In Projected Benefit Obligations	December 31, 2021 2022 Change in projected benefit obligation Projected benefit obligation at beginning of year 2,510 2,512 Interest cost 38 37 Expenses paid (170 ) (153 ) Exchange rates differences (85 ) (252 ) Actuarial loss 219 26 Projected benefit obligation at end of year $ 2,512 $ 2,170
Schedule of Assumptions Used	December 31, 2021 2022 Weighted-average assumptions Discount rate 1.90 % 3.00 % Rate of compensation increase 2.75 % 3.50 %
Schedule of Net Benefit Costs	December 31, 2020 2021 2022 Components of net periodic benefit cost Service cost $ - $ - $ - Interest cost 52 38 37 Net periodic benefit cost $ 52 $ 38 $ 37
Schedule of Expected Benefit Payments	December 31, 2022 2023 140 2024 134 2025 137 2026 147 2027 and thereafter 1,612 $ 2,170

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Components of Lease Expense and Supplemental Cash Flow Information	Year ended December 31, 2020 2021 2022 Components of lease expense Operating lease cost $ 5,484 $ 4,869 $ 4,428 Short-term lease $ 43 $ 100 $ 52 Total lease expenses $ 5,527 $ 4,969 $ 4,480 Year ended December 31, 2020 2021 2022 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 5,489 $ 4,843 $ 4,497 Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets $ 1,773 $ 19,166 $ 1,300
Schedule of Maturities of Lease Liabilities	2023 3,799 2024 2,774 2025 2,290 2026 2,101 2027and thereafter 8,819 Total operating lease payments 19,783 Less: imputed interest 2,851 Present value of lease liability 16,932

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Stock Options Granted	Year ended December 31, 2022 Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 5,186,446 $ 3.40 4.01 $ 534 Granted 1,478,696 2.33 Exercised (226,116 ) 1.81 Forfeited or expired (1,133,294 ) 4.42 Outstanding at end of the year 5,305,732 $ 2.95 3.83 $ 19 Options exercisable at end of the year 2,735,334 $ 2.99 2.86 $ 3 Vested and expected to vest 4,052,658 $ 2.96 3.50 $ 10
Schedule of RSUs Granted	Year ended December 31, 2022 Number of RSUs Aggregate intrinsic value Unvested at beginning of year 699,679 $ 1,805 Granted 1,805,163 Vested (195,969 ) Forfeited (200,534 ) Unvested at end of the year 2,108,339 $ 4,027 Vested and expected to vest 1,564,025 $ 2,987
Schedule of Equity-Based Compensation Expense	Year ended December 31, 2020 2021 2022 Cost of revenues $ 110 $ 289 $ 587 Research and development, net 243 236 405 Sales and marketing 545 700 1,355 General and administrative 764 1,337 1,213 Total share-based compensation expenses $ 1,662 $ 2,562 $ 3,560

TAXES ON INCOME (Tables)

TAXES ON INCOME (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of income tax expense (benefit)	Year ended December 31, 2020 2021 2022 Current $ 2,641 $ 2,181 $ 1,140 Deferred (23 ) 8,828 1,306 $ 2,618 $ 11,009 $ 2,446 Domestic (Israel) $ 839 $ 8,844 $ 664 Foreign 1,779 2,165 1,782 $ 2,618 $ 11,009 $ 2,446
Schedule of deferred income taxes	December 31, 2021 2022 Deferred tax assets: Net operating loss carry forward $ 64,353 $ 65,148 Temporary differences: Allowance for credit loss 13,595 17,087 Research and development 6,003 6,092 Lease liabilities 4,975 3,891 Unrealized foreign exchange gains/losses 1,197 2,285 Vacation 539 591 Severance 1,012 1,090 Other - 1,652 Deferred tax assets before valuation allowance 91,674 97,836 Valuation allowance (86,191 ) (93,529 ) Deferred tax assets 5,483 4,307 Deferred tax liabilities: Property and equipment, net (315 ) (145 ) Right-of-use lease assets (4,609 ) (4,140 ) Unrealized foreign exchange gains/losses (303 ) - Other (256 ) ( 22 ) Deferred tax asset, net $ - $ -
Schedule of income (loss) before taxes	Year ended December 31, 2020 2021 2022 Domestic $ (24,192 ) $ (5,430 ) $ (20,850 ) Foreign 10,697 1,611 3,607 $ (13,495 ) $ (3,819 ) $ (17,243 )
Schedule of income tax reconciliation	Year ended December 31, 2020 2021 2022 Income (loss) before taxes as reported in the consolidated statements of operations $ (13,495 ) $ (3,819 ) $ (17,243 ) Statutory tax rate 23 % 23 % 23 % Theoretical tax expenses (income) on the above amount at the Israeli statutory tax rate $ (3,104 ) $ (878 ) $ (3,966 ) Non-deductible expenses and other permanent differences (111 ) (1,602 ) 265 Non-deductible expenses related to employee stock options 383 590 819 Deferred tax assets on losses and other temporary differences for which valuation allowance was provided, net 5,318 12,326 5,378 Other 132 573 (50 ) Actual tax expense (benefit) $ 2,618 $ 11,009 $ 2,446
Schedule of changes in unrecognized tax benefits	December 31, 2021 2022 Beginning balance $ 2,421 $ 2,367 Decreases in tax positions for prior years (538 ) (537 ) Increases related to tax positions taken during prior years 59 132 Increase related to tax positions taken during the current year 425 330 Ending balance $ 2,367 $ 2,291

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2022
Revenues [Abstract]
Schedule of revenues	Year ended December 31, 2021 Year ended December 31, 2022 Balance, beginning of the period $ 10,987 $ 12,659 New performance obligations 6,329 6,458 Reclassification to revenue as a result of satisfying performance obligations (4,657 ) (4,229 ) Balance, end of the period 12,659 14,888 Less: long-term portion of deferred revenue 9,275 11,545 Current portion, end of period $ 3,384 $ 3,343
Schedule of remaining performance obligations	2024 2025 and thereafter Unsatisfied performance obligations 670 10,875

SEGMENTS, CUSTOMERS AND GEOGR_2

SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Geographic Areas, Revenues from External Customers [Abstract]
Schedule of revenues and long lived assets by region	Year ended December 31, 2020 2021 2022 Revenues: North America (*) $ 38,165 $ 47,505 $ 67,108 Europe 44,832 47,382 42,909 Africa 23,497 23,165 19,324 Asia-Pacific and Middle East 47,677 32,008 32,970 India 62,047 86,088 80,957 Latin America 46,663 54,618 51,905 $ 262,881 $ 290,766 $ 295,173 (*) As of December 31, 2022, 2021 and 2020 87%, 72% and 79% represents revenues in the United States. Long-lived assets, net: December 31, 2021 2022 Israel $ 42,192 $ 41,076 Others 7,424 6,342 Total long-lived assets, net (*) $ 49,616 $ 47,418 (*) Long-lived assets are comprised of property and equipment, net and operating lease right-of-use assets

SELECTED STATEMENTS OF OPERAT_2

SELECTED STATEMENTS OF OPERATIONS DATA (Tables)	12 Months Ended
	Dec. 31, 2022
Quarterly Financial Data [Abstract]
Schedule of financial expenses and others, net	Year ended December 31, 2020 2021 2022 Financial income: Interest on deposits $ 79 $ 160 $ 107 Foreign currency translation differences and derivatives 1,330 571 3,054 Others 807 - - 2,216 731 3,161 Financial expenses: Bank charges and interest on loans (4,130 ) (4,650 ) (5,016 ) Foreign currency translation differences and derivatives (3,716 ) (4,449 ) (4,451 ) Others (293 ) (257 ) - (8,139 ) (9,356 ) (9,467 ) $ (5,923 ) $ (8,625 ) $ (6,306 )
Schedule of net income per share	Year ended December 31, 2020 2021 2022 Numerator: Numerator for basic and diluted net loss per share - loss available to shareholders of Ordinary shares $ (17,092 ) $ (14,828 ) $ (19,689 ) Denominator: Denominator for basic and diluted net loss per share – adjusted weighted average number of Ordinary shares 81,149,687 83,414,831 84,132,982

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of transaction with related parties	Year ended December 31, 2020 2021 2022 Revenues $ 5,843 $ 394 $ 47 Cost of revenues $ 4,715 $ 1,125 $ 345 Research and development expenses $ 1,245 $ 608 $ 115 Sales and marketing expenses $ 731 $ 617 $ 284 General and administrative expenses $ 913 $ 1,527 $ 1,040 Purchase of property and equipment $ 274 $ 175 $ 180
Schedule of balances with related parties	December 31, 2021 2022 Trade payables, other accounts payable and accrued expenses $ 376 $ 380 Trade Receivables $ 78 $ -

GENERAL (Narrative) (Details)

GENERAL (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other operating expenses	$ 4,220	$ 0	$ 0

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Significant Accounting Policies [Line Items]
Income tax benefit realization threshold	50%
Impairment of long-lived assets
Warranty income (expense)	290	$ (417)	$ 178
Warranty provision	1,401	1,691
Trade receivables sold	29,070	36,047
Accrued severance pay	7,284	8,453
Financial expense related to factoring arrangements	1,262	905	575
Severance expense	$ 2,859	$ 1,906	$ 2,538
Outstanding options and RSU's excluded from the calculations of diluted net earnings per share due to their anti-dilutive effect	5,599,666	1,695,149	4,204,381
Minimum [Member]
Significant Accounting Policies [Line Items]
Warranty period	1 year
Maximum [Member]
Significant Accounting Policies [Line Items]
Warranty period	3 years

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Schedule Of Annual Depreciation Rates) (Details)	Dec. 31, 2022
Computers, manufacturing and peripheral equipment [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Depreciation rate	6%
Computers, manufacturing and peripheral equipment [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Depreciation rate	33%
Office furniture and equipment [Member]
Significant Accounting Policies [Line Items]
Depreciation rate	15%

SIGNIFICANT ACCOUNTING POLICI_6

SIGNIFICANT ACCOUNTING POLICIES (Schedule Of Stock Option Granted Assumptions) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Dividend yield	0%	0%	0%
Volatility, minimum	47%	66%	60%
Volatility, maximum	73%	87%	85%
Risk free interest, minimum	2.10%	0.10%	0.10%
Risk free interest, maximum	4.10%	1.30%	1%
Early exercise multiple, minimum	2.2	1.55	1.5
Early exercise multiple, maximum			1.6

SIGNIFICANT ACCOUNTING POLICI_7

SIGNIFICANT ACCOUNTING POLICIES (Schedule of Accumulated Other Comprehensive Income, Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2022	$ (9,507)
Other comprehensive income before reclassifications	(3,704)
Amounts reclassified from AOCI	2,055
Other comprehensive loss	(1,649)	$ (1,439)	$ 598
Balance as of December 31, 2022	(11,156)	(9,507)
Unrealized Gains (Losses) on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2022	731
Other comprehensive income before reclassifications	(4,057)
Amounts reclassified from AOCI	2,055
Other comprehensive loss	(2,002)
Balance as of December 31, 2022	(1,271)	731
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance as of January 1, 2022	(10,238)
Other comprehensive income before reclassifications	353
Amounts reclassified from AOCI	0
Other comprehensive loss	353
Balance as of December 31, 2022	$ (9,885)	$ (10,238)

OTHER ACCOUNTS RECEIVABLE AND_3

OTHER ACCOUNTS RECEIVABLE AND PREPAID EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets [Abstract]
Government authorities	$ 7,867	$ 9,022
Deferred charges and prepaid expenses	6,087	6,214
Deposits receivable	473	279
Advances to suppliers	405	256
Hedging asset	8	852
Other	916	556
Other accounts receivable and prepaid expenses, Total	$ 15,756	$ 17,179

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 35,111	$ 22,581
Work in progress	143	423
Finished products	36,755	38,394
Inventories, Net	72,009	61,398
Inventory write-off	1,980	$ 1,907	$ 2,919
Outstanding inventory purchase orders	$ 18,162

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 147,588	$ 137,266
Accumulated depreciation	118,132	107,883
Depreciated cost	29,456	29,383
Depreciation expenses	10,620	11,845	$ 10,668
Changes of property and equipment	586	1,058	$ 1,562
Computers, manufacturing, peripheral equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	143,522	133,465
Accumulated depreciation	115,260	105,300
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	2,372	2,341
Accumulated depreciation	1,724	1,578
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	1,694	1,460
Accumulated depreciation	$ 1,148	$ 1,005

INTANGIBLE ASSETS, NET (Schedul

INTANGIBLE ASSETS, NET (Schedule Of Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Original amounts	$ 9,558	$ 7,204
Accumulated amortization	1,350	930
Intangible assets, net	8,208	6,274
Amortization expense	420	401	$ 393
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Original amounts	6,679	4,325
Accumulated amortization	17	0
Intangible assets, net	6,662	4,325
Intangible assets acquired	2,353
Intangible assets acquired, not resulted in cash flows	$ 551
Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	5 years
Technology [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	10 years
Software development costs [Member]
Finite-Lived Intangible Assets [Line Items]
Original amounts	$ 2,879	2,879
Accumulated amortization	1,333	930
Intangible assets, net	$ 1,546	$ 1,949
Useful lives	7 years

INTANGIBLE ASSETS, NET (Sched_2

INTANGIBLE ASSETS, NET (Schedule of expected amortization in future periods) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2023	$ 587
2024	617
2025	1,389
2026	1,320
2027	969
2028 and thereafter	3,326
Total expected amortization	$ 8,208	$ 6,274

OTHER ACCOUNTS PAYABLE AND AC_3

OTHER ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Employees and payroll accruals	$ 10,047	$ 11,799
Provision for warranty costs	1,401	1,691
Government authorities	1,815	2,223
Accrued expenses	2,376	2,403
Advanced payments from customers	3,604	5,044
Hedging Liability	1,423	313
Other	198	231
Other accounts payable and accrued expenses	$ 20,864	$ 23,704

CREDIT LINES (Narrative) (Detai

CREDIT LINES (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Bank guarantees	$ 57,800	$ 28,737	$ 37,236
Line of credit outstanding amount		62,200
Line of credit utilized		37,500
Expiration date	Jun. 30, 2023
Other Financial Institution [Member]
Debt Instrument [Line Items]
Line of credit not utilized		$ 5,000
Minimum [Member]
Debt Instrument [Line Items]
Credit lines carried interest rate		2.10%
Borrowing capacity under the credit agreement	$ 12,200
Maximum [Member]
Debt Instrument [Line Items]
Credit lines carried interest rate		8%
Borrowing capacity under the credit agreement	$ 62,200

DERIVATIVE INSTRUMENTS (Schedul

DERIVATIVE INSTRUMENTS (Schedule of Fair Value of Derivative Contracts) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other accounts receivable and prepaid expenses [Member]
Derivative [Line Items]
Total derivatives	$ 8	$ 852
Other accounts payable and accrued expenses [Member]
Derivative [Line Items]
Total derivatives	(1,423)	(313)
Derivatives designated as hedging instruments [Member] | Currency forward contracts [Member]
Derivative [Line Items]
Total derivatives	42,848	41,832
Derivatives designated as hedging instruments [Member] | Currency forward contracts [Member] | Other accounts receivable and prepaid expenses [Member]
Derivative [Line Items]
Total derivatives	0	743
Derivatives designated as hedging instruments [Member] | Currency forward contracts [Member] | Other accounts payable and accrued expenses [Member]
Derivative [Line Items]
Total derivatives	(1,271)	(12)
Derivatives not designated as hedging instruments [Member] | Currency forward and option contracts [Member]
Derivative [Line Items]
Total derivatives	16,082	34,304
Derivatives not designated as hedging instruments [Member] | Currency forward and option contracts [Member] | Other accounts receivable and prepaid expenses [Member]
Derivative [Line Items]
Total derivatives	8	109
Derivatives not designated as hedging instruments [Member] | Currency forward and option contracts [Member] | Other accounts payable and accrued expenses [Member]
Derivative [Line Items]
Total derivatives	$ (152)	$ (301)

DERIVATIVE INSTRUMENTS (Sched_2

DERIVATIVE INSTRUMENTS (Schedule of Derivative Contracts on Consolidated Statements of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Operating income (expense)	$ (2,055)	$ 1,460	$ 225
Financial income (expense)	$ (170)	$ 304	$ (894)

CREDIT LOSSES (Schedule of Allo

CREDIT LOSSES (Schedule of Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Balance, at beginning of period	$ 8,587	$ 6,198
Provision for expected credit losses	14,489	3,087
Amounts written off charged against the allowance and others	(666)	(698)
Balance, at end of period	$ 22,410	$ 8,587

PENSION LIABILITIES, NET (Narra

PENSION LIABILITIES, NET (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability, Defined Benefit Plan [Abstract]
Net periodic benefit cost, discount rate	3%
Actuarial loss	$ 26	$ 219	$ 241

PENSION LIABILITIES, NET (Sched

PENSION LIABILITIES, NET (Schedule Of Changes In Projected Benefit Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability, Defined Benefit Plan [Abstract]
Projected benefit obligation at beginning of year	$ 2,512	$ 2,510
Interest cost	37	38	$ 52
Expenses paid	(153)	(170)
Exchange rates differences	(252)	(85)
Actuarial loss	26	219
Projected benefit obligation at end of year	$ 2,170	$ 2,512	$ 2,510

PENSION LIABILITIES, NET (Sch_2

PENSION LIABILITIES, NET (Schedule Of Assumptions Used) (Details)	Dec. 31, 2022	Dec. 31, 2021
Liability, Defined Benefit Plan [Abstract]
Discount rate	3%	1.90%
Rate of compensation increase	3.50%	2.75%

PENSION LIABILITIES, NET (Summa

PENSION LIABILITIES, NET (Summary Of Components Of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability, Defined Benefit Plan [Abstract]
Service cost	$ 0	$ 0	$ 0
Interest cost	37	38	52
Net periodic benefit cost	$ 37	$ 38	$ 52

PENSION LIABILITIES, NET (Sch_3

PENSION LIABILITIES, NET (Schedule Of Expected Benefit Payments) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Liability, Defined Benefit Plan [Abstract]
2023	$ 140
2024	134
2025	137
2026	147
2027 and thereafter	1,612
Expected benefit payments, total	$ 2,170

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 20, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2022
Operating Leased Assets [Line Items]
Income from OCS grants		$ 460	$ 691	$ 996
Bank guarantees		28,737	$ 37,236		$ 57,800
Damages sought by plaintiff		$ 75,000
Plaintiff payment	$ 52,099

LEASES (Narrative) (Details)

LEASES (Narrative) (Details)	Dec. 31, 2022
Leases [Abstract]
Weighted average remaining lease term	7 years
Weighted average discount rate	5%

LEASES (Schedule of Components

LEASES (Schedule of Components of Lease Expense and Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of lease expense
Operating lease cost	$ 4,428	$ 4,869	$ 5,484
Short-term lease	52	100	43
Total lease expenses	4,480	4,969	5,527
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities	4,497	4,843	5,489
Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets	$ 1,300	$ 19,166	$ 1,773

LEASES (Schedule of Maturities

LEASES (Schedule of Maturities of Lease Liabilities) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 3,799
2024	2,774
2025	2,290
2026	2,101
2027 and thereafter	8,819
Total operating lease payments	19,783
Less: imputed interest	2,851
Present value of lease liability	$ 16,932

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Vesting period	4 years
Ordinary shares available for future grant	1,043,964
Issued shares of stock option plan	14,957,511
Total intrinsic value of options exercised	$ 117	$ 5,519	$ 770
Total unrecognized compensation cost	$ 3,560	$ 2,562	$ 1,662
Minimum [Member]
Expiration period	6 years
Maximum [Member]
Expiration period	10 years
Stock Option [Member]
Weighted average grant date fair value of options granted	$ 1.32	$ 2.25	$ 1.06
RSU [Member]
Weighted average grant date fair value of options granted	$ 2.56	$ 4.07	$ 2.11
Weighted average period	1 year
Total unrecognized compensation cost	$ 5,490

SHAREHOLDERS' EQUITY (Summary O

SHAREHOLDERS' EQUITY (Summary Of Stock Options Granted) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number of options
Outstanding at beginning of year	5,186,446
Granted	1,478,696
Exercised	(226,116)
Forfeited or expired	(1,133,294)
Outstanding at end of year	5,305,732	5,186,446
Options exercisable at end of the year	2,735,334
Vested and expected to vest	4,052,658
Weighted average exercise price
Outstanding at beginning of year	$ 3.4
Granted	2.33
Exercised	1.81
Forfeited or expired	4.42
Outstanding at end of year	2.95	$ 3.4
Options exercisable at end of the year	2.99
Vested and expected to vest	$ 2.96
Weighted-average remaining contractual term (in years)
Outstanding at end of year	3 years 9 months 29 days	4 years 3 days
Options exercisable at end of the year	2 years 10 months 9 days
Vested and expected to vest	3 years 6 months
Aggregate intrinsic value
Outstanding at beginning of year	$ 534
Outstanding at end of the year	19	$ 534
Options exercisable at end of the year	3
Vested and expected to vest	$ 10

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule of RSUs Granted) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) shares
Number of Units
Granted	1,478,696
Vested and expected to vest	4,052,658
Aggregate intrinsic value
Vested and expected to vest | $	$ 10
RSU [Member]
Number of Units
Unvested at beginning of year	699,679
Granted	1,805,163
Vested	(195,969)
Forfeited	(200,534)
Unvested at end of the year	2,108,339
Vested and expected to vest	1,564,025
Aggregate intrinsic value
Unvested at beginning of year | $	$ 1,805
Unvested at end of the year | $	4,027
Vested and expected to vest | $	$ 2,987

SHAREHOLDERS' EQUITY (Schedul_2

SHAREHOLDERS' EQUITY (Schedule Of Equity-Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total share-based compensation expense	$ 3,560	$ 2,562	$ 1,662
Cost of revenues [Member]
Total share-based compensation expense	587	289	110
Research and development, net [Member]
Total share-based compensation expense	405	236	243
Sales and marketing [Member]
Total share-based compensation expense	1,355	700	545
General and administrative [Member]
Total share-based compensation expense	$ 1,213	$ 1,337	$ 764

TAXES ON INCOME (Narrative) (De

TAXES ON INCOME (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Taxes On Income [Line Items]
Period of tax exemption	2 years
Experation period since approval	14 years
Experation period since enterpise began operating	12 years
Effective corporate income tax rate	23%	23%	23%
Net operating losses	$ 195,722
Capital loss	8,130
Accrued interest and penalties	349
Deferred Tax Assets, Valuation Allowance	$ 93,529	$ 86,191
First Two Years [Member] | Minimum [Member]
Taxes On Income [Line Items]
Foreign investors' company tax benefits pecent	10%
First Two Years [Member] | Maximum [Member]
Taxes On Income [Line Items]
Foreign investors' company tax benefits pecent	25%
Preferred Technological Enterprise income [Member]
Taxes On Income [Line Items]
Tax rate reduction percent	12%
Law For Encouragement Of Industry Taxes [Member]
Taxes On Income [Line Items]
Industrial company defined as a company resident in Israel based on minimum percentage of income derived from an industrial enterprise owned by it	90%
Amortization period for deferred stock issuance costs	3 years
Norway [Member]
Taxes On Income [Line Items]
Net operating losses	$ 16,023
Brazil [Member]
Taxes On Income [Line Items]
Net operating losses	$ 31,775
Annual limit against taxable income	30%

TAXES ON INCOME (Schedule Of In

TAXES ON INCOME (Schedule Of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current	$ 1,140	$ 2,181	$ 2,641
Deferred	1,306	8,828	(23)
Domestic (Israel)	664	8,844	839
Foreign	1,782	2,165	1,779
Taxes on income (benefit)	$ 2,446	$ 11,009	$ 2,618

TAXES ON INCOME (Schedule Of De

TAXES ON INCOME (Schedule Of Deferred Income Taxes) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Net operating loss carry forward	$ 65,148	$ 64,353
Temporary differences:
Allowance for credit loss	17,087	13,595
Research and development	6,092	6,003
Lease liabilities	3,891	4,975
Unrealized foreign exchange gains/losses	2,285	1,197
Vacation	591	539
Severance	1,090	1,012
Other	1,652	0
Deferred tax asset before valuation allowance	97,836	91,674
Valuation allowance	(93,529)	(86,191)
Deferred tax asset	4,307	5,483
Deferred tax liabilities:
Property and equipment, net	145	315
Right-of-use lease assets	4,140	4,609
Unrealized foreign exchange gains/losses	0	303
Other	22	256
Deferred tax asset, net	$ 0	$ 0

TAXES ON INCOME (Schedule Of _2

TAXES ON INCOME (Schedule Of Income (Loss) Before Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Domestic	$ (20,850)	$ (5,430)	$ (24,192)
Foreign	3,607	1,611	10,697
Loss before taxes	$ (17,243)	$ (3,819)	$ (13,495)

TAXES ON INCOME (Schedule Of _3

TAXES ON INCOME (Schedule Of Income Tax Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income (loss) before taxes as reported in the consolidated statements of operations	$ (17,243)	$ (3,819)	$ (13,495)
Statutory tax rate	23%	23%	23%
Theoretical tax expenses (income) on the above amount at the Israeli statutory tax rate	$ (3,966)	$ (878)	$ (3,104)
Non-deductible expenses and other permanent differences	265	(1,602)	(111)
Non-deductible expenses related to employee stock options	819	590	383
Deferred tax assets on losses and other temporary differences for which valuation allowance was provided, net	5,378	12,326	5,318
Other	50	573	132
Actual tax expense (benefit)	$ 2,446	$ 11,009	$ 2,618

TAXES ON INCOME (Schedule Of Ch

TAXES ON INCOME (Schedule Of Changes In Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
Beginning balance	$ 2,367	$ 2,421
Decreases in tax positions for prior years	(537)	(538)
Increases related to tax positions taken during prior years	132	59
Increase related to tax positions taken during the current year	330	425
Ending balance	$ 2,291	$ 2,367

REVENUES (Schedule of Significa

REVENUES (Schedule of Significant Changes in Deferred Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues [Abstract]
Balance, beginning of the period	$ 12,659	$ 10,987
New performance obligations	6,458	6,329
Reclassification to revenue as a result of satisfying performance obligations	(4,229)	(4,657)
Balance, end of the period	14,888	12,659
Less: long-term portion of deferred revenue	11,545	9,275
Current portion, end of period	$ 3,343	$ 3,384

REVENUES (Schedule of Remaining

REVENUES (Schedule of Remaining Performance Obligations) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 6,458	$ 6,329
2024 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	670
2025 and thereafter [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 10,875

SEGMENTS, CUSTOMERS AND GEOGR_3

SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION (Schedule Of Revenues From Sales To Unaffiliated Customers) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		$ 295,173	$ 290,766	$ 262,881
Property and equipment, net	[1]	47,418	49,616
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	[2]	67,108	47,505	38,165
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		42,909	47,382	44,832
Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		19,324	23,165	23,497
Asia-Pacific and Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		32,970	32,008	47,677
India [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		80,957	86,088	62,047
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues		51,905	54,618	$ 46,663
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net		41,076	42,192
Segment Geographical Groups Of Countries Group Five [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property and equipment, net		$ 6,342	$ 7,424
[1]Long-lived assets are comprised of property and equipment, net and operating lease right-of-use assets[2]As of December 31, 2022, 2021 and 2020 87%, 72% and 79% represents revenues in the United States.

SEGMENTS, CUSTOMERS AND GEOGR_4

SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION (Narrative) (Details) - Segment	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Concentration Risk [Line Items]
Number of reportable segments	1
Sales Revenue Goods Net [Member] | Customer [Member] | UNITED STATES | Geographic Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	87%	72%	79%
Sales Revenue Goods Net [Member] | Affiliate Companies [Member]
Concentration Risk [Line Items]
Percentage of total revenues	12.44%	18.77%
Sales Revenue Goods Net [Member] | Affiliate Companies [Member] | Customer [Member]
Concentration Risk [Line Items]
Percentage of total revenues	22.77%	11.37%	22.10%
Sales Revenue Goods Net [Member] | Affiliate Companies [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Percentage of total revenues	12.39%

SELECTED STATEMENTS OF OPERAT_3

SELECTED STATEMENTS OF OPERATIONS DATA (Schedule Of Financial Expenses and Others, Net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial income:
Interest on deposits	$ 107	$ 160	$ 79
Foreign currency translation differences and derivatives	3,054	571	1,330
Others	0	0	807
Total gross financial income	3,161	731	2,216
Financial expenses:
Bank charges and interest on loans	(5,016)	(4,650)	(4,130)
Foreign currency translation differences and derivatives	(4,451)	(4,449)	(3,716)
Others	0	(257)	(293)
Total gross financial expenses	(9,467)	(9,356)	(8,139)
Financial expenses and others, net	$ (6,306)	$ (8,625)	$ (5,923)

SELECTED STATEMENTS OF OPERAT_4

SELECTED STATEMENTS OF OPERATIONS DATA (Schedule Of Net income per share) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Numerator for basic and diluted net loss per share - loss available to shareholders of Ordinary shares	$ (19,689)	$ (14,828)	$ (17,092)
Denominator:
Denominator for basic and diluted net loss per share – adjusted weighted average number of Ordinary shares	84,132,982	83,414,831	81,149,687

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Rad Bynet [Member]
Related Party Transaction [Line Items]
Reimbursements for services provided	$ 1,662	$ 2,677	$ 1,801
Inventories [Member] | Rad Bynet [Member]
Related Party Transaction [Line Items]
Expenses	122	305	83
Rent And Maintenance [Member]
Related Party Transaction [Line Items]
Expenses	0	894	2,099
Purchase of property and equipment [Member]
Related Party Transaction [Line Items]
Expenses	180	175	274
Purchase of property and equipment [Member] | Rad Bynet [Member]
Related Party Transaction [Line Items]
Expenses	$ 180	$ 175	$ 274

RELATED PARTY BALANCES AND TR_4

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule Of Transaction With Related Parties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Revenues	$ 47	$ 394	$ 5,843
Cost of revenues	345	1,125	4,715
Research and development expenses [Member]
Related Party Transaction [Line Items]
Expenses	115	608	1,245
Sales and marketing expenses [Member]
Related Party Transaction [Line Items]
Expenses	284	617	731
General and administrative expenses [Member]
Related Party Transaction [Line Items]
Expenses	1,040	1,527	913
Purchase of property and equipment [Member]
Related Party Transaction [Line Items]
Expenses	$ 180	$ 175	$ 274

RELATED PARTY BALANCES AND TR_5

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule Of Balances With Related Parties) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Trade payables, other accounts payable and accrued expenses	$ 380	$ 376
Trade Receivables	$ 0	$ 78