| SEGMENT INFORMATION |
| NOTE
15: - |
SEGMENT
INFORMATION |
|
a. |
The Company
operates as a single operating segment in the LiDAR Sensors market. The Company's CODM is its Chief Executive Officer (CEO). The CODM
makes decisions on resource allocation, assesses performance of the business and monitors budget versus actual results on a consolidated
basis. As such, the segment’s profit (loss) is the Company’s consolidated net income (loss) and the segment’s assets
are the Company’s consolidated assets.
|
| |
|
Year ended December 31,
|
|
| |
|
2024
|
|
|
2023
|
|
|
2022
|
|
|
Revenues
from external customers |
|
$
|
24,268
|
|
|
$
|
20,876
|
|
|
$
|
6,026
|
|
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost
of revenues |
|
|
25,429
|
|
|
|
32,490
|
|
|
|
14,790
|
|
|
Research
and development expenses |
|
|
73,817
|
|
|
|
92,676
|
|
|
|
95,107
|
|
|
Sales
and marketing expenses |
|
|
7,474
|
|
|
|
8,777
|
|
|
|
10,300
|
|
|
General
and administrative expenses |
|
|
19,466
|
|
|
|
19,535
|
|
|
|
19,178
|
|
|
Financial
income, net |
|
|
7,328
|
|
|
|
9,790
|
|
|
|
6,802
|
|
|
Taxes
on income |
|
|
167
|
|
|
|
642
|
|
|
|
325
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
loss |
|
$
|
94,757
|
|
|
$
|
123,454
|
|
|
$
|
126,872
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
segment disclosures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation
and amortization expenses |
|
$
|
7,786
|
|
|
$
|
9,192
|
|
|
$
|
7,472
|
|
|
Share-based
compensation expenses |
|
$
|
19,682
|
|
|
$
|
22,320
|
|
|
$
|
19,449
|
|
|
Interest
income |
|
$
|
5,107
|
|
|
$
|
6,227
|
|
|
$
|
2,487
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment
assets |
|
$
|
132,049
|
|
|
$
|
219,234
|
|
|
$
|
255,433
|
|
|
Expenditures
for segment assets |
|
$
|
4,412
|
|
|
$
|
6,579
|
|
|
$
|
22,567
|
|
|
c. |
Geographic
information:
Following
is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location where the customers accept
delivery of the products and services:
|
| |
|
Year
ended December 31, |
|
| |
|
2024
|
|
|
2023
|
|
|
2022
|
|
| |
|
|
|
|
|
|
|
|
|
|
Europe, Middle East and
Africa (*) |
|
$
|
20,755
|
|
|
$
|
18,903
|
|
|
$
|
3,131
|
|
|
Israel
|
|
|
2,133
|
|
|
|
83
|
|
|
|
94
|
|
|
Asia Pacific
|
|
|
192
|
|
|
|
394
|
|
|
|
739
|
|
|
North America (**)
|
|
|
1,188
|
|
|
|
1,496
|
|
|
|
2,062
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$
|
24,268
|
|
|
$
|
20,876
|
|
|
$
|
6,026
|
|
| |
(*) |
Includes
revenues from Germany in the amount of $20,754,
$18,758
and $3,034
in the years ended December 31, 2024, 2023 and 2022, respectively. |
| |
(**) |
Includes
revenues from United States only. |
|
d. |
The Company’s
long-lived assets (property and equipment, net and operating lease right-of-use assets, net) are located as follows:
|
| |
|
Year ended December 31,
|
|
| |
|
2024
|
|
|
2023
|
|
| |
|
|
|
|
|
|
|
Israel
|
|
$
|
45,883
|
|
|
$
|
50,318
|
|
|
United States
|
|
|
3
|
|
|
|
8
|
|
|
Germany
|
|
|
724
|
|
|
|
909
|
|
|
Others
|
|
|
16
|
|
|
|
21
|
|
| |
|
|
|
|
|
|
|
|
| |
|
$
|
46,626
|
|
|
$
|
51,256
|
|
|
e. |
Customers
accounted for over 10% of revenues:
For
the year ended 2024, Customer A and Customer B accounted for 55%
and 20%
of revenues, respectively.
For
the year ended 2023, Customer A and Customer C accounted for 48%
and 47%
of revenues, respectively.
For
the year ended 2022, Customer C accounted for 77%
of revenues. |
|
f. |
Concentration
of credit risk from major customers:
As
of December 31, 2024, Customer A and Customer D accounted for approximately 73%
and 23%
of the Company’s trade receivables, respectively.
As
of December 31, 2023, Customer C accounted for approximately 91%
of the Company’s trade receivables. |
|