0000000000-24-007913.txt : 20240815 0000000000-24-007913.hdr.sgml : 20240815 20240712093608 ACCESSION NUMBER: 0000000000-24-007913 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240712 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: AUDIOCODES LTD CENTRAL INDEX KEY: 0001086434 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 000-30070 BUSINESS ADDRESS: STREET 1: 6 OFRA HAZA STREET CITY: OR YEHUDA STATE: L3 ZIP: 70151 BUSINESS PHONE: 97239764000 MAIL ADDRESS: STREET 1: PO BOX 255 CITY: BEN GURION AIRPORT STATE: L3 ZIP: 70100 PUBLIC REFERENCE ACCESSION NUMBER: 0001410578-24-000314 LETTER 1 filename1.pdf begin 644 filename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Y M.6L1$1$1$1'YJ<1ZD(P;N :P;(PMO0]%7RP6I$VBD-@8WS:+^EC>-D$7,R3" MEM5H' 7)@N-&&_KFQ1:^:BQ#6(;'[IPF9?J$L#2FYNM$U:D"3CU-K#4:W69C M4[%A:+HHNZXF&QTR[.&&[-ZLBOK[TT&BX;B<.Q>KL9-9BO-+:E!T0I]39NU$ ML++(O*O8=32W$'4..9D01T1$1$1$1'XVA!W8DH]R7FSX;59>E]+#Y)Y;CCO< MY>1Q)R(1L[8:VI).,X:Z^-A\[&OQVH5:WMV!RWN5*USN:K>85K%S?K MF5_'GKFD(R(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B-^<_YA"2G IE;F1S=')E86T*96YD;V)J"C$S M(# @;V)J"CP\+T)I='-097)#;VUP;VYE;G0@."]#;VQO7!E+TEM86=E+U1Y<&4O6$]B:F5C="]7:61T:" Q-#(X/CYS=')E M86T*>)SMP8$ PR!_ZMW@!%4! M M M M M M M M #/ %&5NID*96YD')E9@HR.3$X-@HE)45/1@H! end TEXT-EXTRACT 2 filename2.txt July 12, 2024 Niran Baruch Chief Financial Officer AUDIOCODES LTD 1 Hayarden Steet Airport City Lod 7019900, Israel Re: AUDIOCODES LTD Form 20-F for the Year Ended December 31, 2023 Form 6-K furnished May 7, 2024 File No. 000-30070 Dear Niran Baruch: We have reviewed your June 24, 2024 response to our comment letter and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our June 17, 2024 letter. Form 20-F for the Year Ended December 31, 2023 Form 6-K furnished May 7, 2024 Exhibit 99.1, page 8 1. We note your response to prior comment 3. While we acknowledge your initial non- GAAP adjustment related to the valuation allowance reversal, it is unclear why you include adjustments in subsequent periods related to "the realization of...Deferred Tax Assets." Please describe to us in further detail the nature of the adjustment and how you specifically calculate the amounts. Also tell us if the adjustments result in non-GAAP taxes commensurate with non-GAAP net income (loss). Please refer to the guidance discussed in Question 100.04 of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations. Liquidity and Capital Resources, page 63 2. We note your proposed cash flow disclosures in response to prior comment 1 still largely July 12, 2024 Page 2 appear to be a recitation of changes evident from the financial statements. As previously requested, please explain in sufficient detail the underlying reasons and implications of material changes between periods to provide investors with an understanding of trends and variability in cash flows. Ensure your revised disclosures materially satisfy the requirements of Item 303(a)-(b) of Regulation S-K and the three principal objectives of MD&A, as noted in SEC Release No. 33-8350: to provide a narrative explanation of a company s financial statements that enables investors to see the company through the eyes of management; to enhance the overall financial disclosure and provide the context within which financial information should be analyzed; and to provide information about the quality of, and potential variability of, a company s earnings and cash flow, so that investors can ascertain the likelihood that past performance is indicative of future performance Please contact Heather Clark at 202-551-3624 or Andrew Blume at 202-551-3254 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Manufacturing