v3.25.2
Operating Expenses
 6 Months Ended
Jun. 30, 2025
Operating Expenses [Abstract]  
Operating Expenses
Note 11: Operating Expenses
The Company had an average of 109 employees during the six months ended June 30, 2025, in comparison with an average of 106 employees during the six months ended June 30, 2024. The increase is mainly due to hiring to support development activities and quality activities.
The following table summarizes the allocation of personnel expenses by function during the six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Research and Development expenses5,697 5,177 10,327 10,225 
Sales & Marketing expenses194 233 350 567 
General & Administrative expenses3,908 3,413 6,904 6,650 
 Total personnel expenses9,799 8,824 17,581 17,442 
The following table summarizes the allocation of personnel expenses by nature during the six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Wages and salaries6,690 5,540 11,367 10,684 
Social security contributions 1,827 1,515 3,197 2,722 
Expenses for pension commitments36 244 70 553 
Share-based payments1,245 1,525 2,947 3,483 
 Total9,799 8,824 17,581 17,442 
The increase in personnel expenses is due to (1) recruitments made during the second quarter of 2024 for which personnel costs are recognized for a full period at end-June 2025, and (2) retroactive payment to January 1st of salary increases in the second quarter of 2025.