| SEGMENT INFORMATION |
NOTE 9:- SEGMENT INFORMATION
| |
|
Three Months Ended
March 31,
|
|
| |
|
2026 |
|
|
2025 |
|
| Revenues from external customers |
|
$ |
7,133 |
|
|
$ |
17,390 |
|
| Less: |
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
8,716 |
|
|
|
10,408 |
|
| Research and development expenses |
|
|
16,757 |
|
|
|
14,830 |
|
| Sales and marketing expenses |
|
|
2,275 |
|
|
|
1,721 |
|
| General and administrative expenses |
|
|
5,857 |
|
|
|
4,455 |
|
| Financial income, net |
|
|
(308 |
) |
|
|
(1,416 |
) |
| Taxes on income |
|
|
35 |
|
|
|
34 |
|
| |
|
|
|
|
|
|
|
|
| Segment loss |
|
$ |
26,199 |
|
|
$ |
12,642 |
|
| |
|
|
|
|
|
|
|
|
| Other segment disclosures: |
|
|
|
|
|
|
|
|
| Depreciation and amortization expenses |
|
$ |
1,327 |
|
|
$ |
1,377 |
|
| Share-based compensation expenses |
|
$ |
3,712 |
|
|
$ |
4,754 |
|
| Interest income |
|
$ |
642 |
|
|
$ |
807 |
|
| Expenditures for segment assets |
|
$ |
1,356 |
|
|
$ |
1,915 |
|
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Assets: |
|
|
|
|
|
|
|
|
| Segment assets |
|
$ |
122,170 |
|
|
$ |
138,452 |
|
|
b. |
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:
|
| |
|
|
| |
|
Three Months Ended
March 31,
|
|
| |
|
2026 |
|
|
2025 |
|
| Europe, Middle East and Africa (*) |
|
$ |
3,849 |
|
|
$ |
16,641 |
|
| North America (**) |
|
|
2,324 |
|
|
|
467 |
|
| Israel |
|
|
936 |
|
|
|
234 |
|
| Asia Pacific |
|
|
24 |
|
|
|
48 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
7,133 |
|
|
$ |
17,390 |
|
|
(*) |
Includes revenues from Germany in the amount of $3,812 and $16,641 for the three months ended March 31, 2026 and 2025, respectively. |
|
(**) |
Includes revenues from United States in the amount of $2,324 and $449 for the three months ended March 31, 2026 and 2025, respectively. |
|
c. |
Concentration of credit risk from major customers: |
| |
|
As of March 31, 2026, Customer A, Customer B and Customer C accounted for approximately 40%, 37% and 18% of the Company’s trade receivables.
As of December 31, 2025, Customer B accounted for approximately 73% of the Company’s trade receivables.
|
|