v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Stock-Based Compensation [Line Items]  
Schedule of Share Option Plan

The following is a summary of the status of the Company’s share option plan as of June 30, 2025:

 

   Six months ended on 
   June 30, 2025 
   Number of Options   Weighted-
Average
Exercise
price		 
Options outstanding as of December 31, 2024   10,569,170   $1.07 
Granted during the period   1,689,425   $2.31 
Exercised during the period   (476,431)  $0.81 
Forfeited during the period   (16,563)  $2.10 
Options outstanding as of June 30, 2025   11,765,601   $1.26 
Options exercisable as of June 30, 2025   9,934,550   $1.04 
Schedule of Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of June 30, 2025:

 

Outstanding as of June 30, 2025  Exercisable as of June 30, 2025 
Range of
exercise
prices		  Number
outstanding		   Weighted
average
remaining
contractual
term		   Weighted
average
exercise
price		   Aggregate
intrinsic
value (U.S.
dollars in
thousands)		   Number
Exercisable		   Weighted
average
remaining
contractual
term		   Weighted
Average
exercise
price		   Aggregate
intrinsic
value (U.S.
dollars in
thousands)		 
$0.15-$0.86   9,166,342    3.78    0.80    16,788    9,146,842    3.77    0.80    16,754 
$1.87   3,313    5.53    1.87    3    3,313    5.53    1.87    3 
$2.10-$2.13   55,710    6.25    2.13    28    13,928    6.25    2.13    7 
$2.27   1,177,500    6.99    2.27    424    
-
    
-
    
-
    
-
 
$2.39-$2.41   937,194    6.09    2.40    215    428,595    5.73    2.39    101 
$4.99   196,625    4.55    4.99    
-
    147,955    4.55    4.99    
-
 
$5.36   140,000    5.36    4.00    
-
    105,000    5.36    4.00    
-
 
$7.58   85,380    3.55    7.58    
-
    85,380    3.55    7.58    
-
 
$9.07   3,537    3.46    9.07    
-
    3,537    3.46    9.07    
-
 
Schedule of Fair Value of Stock-Based Compensation Awards

The calculated fair value of option grants was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

   For the Six months
ended on
June 30,
2025		   For the six months
ended on
June 30,
2024		 
Expected term   4-5    4-5 
Expected volatility   59.63%-63.35%    58.56% 
Expected dividend rate   0%    0% 
Risk-free rate   3.73%-4.36%    3.85%-3.92% 
Schedule of Classification of Stock Options Expenses

The following table presents the classification of the stock options expenses for the periods indicated:

 

   Six months ended
June 30		   Three months ended
June 30		 
   2025   2024   2025   2024 
   U.S. dollars in thousands 
                 
Cost of revenue   37    88    10    44 
Research and development   229    441    94    218 
Sales and marketing   84    490    26    241 
General and administrative   311    563    148    187 
Total stock-based compensation   661    1,582    278    690 
Schedule of Company’s RSU’s

The following is a summary of the status of the Company’s RSU’s as of June 30, 2025, as well as changes during the period of nine months ended June 30, 2025:

 

   Number of RSUs   Weighted-Average Grant Date Fair Value 
RSUs outstanding at the beginning of the year   8,827,092   $3.13 
Granted during the period   4,583,634   $2.15 
Vested during the period   (2,515,132)  $3.15 
Forfeited during the period   (250,725)  $2.71 
Outstanding at the end of the period   10,644,869   $2.72 
Schedule of Classification of RSU's Expenses

The following table presents the classification of RSU’s expenses for the periods indicated:

 

   Six months ended
June 30		   Three months ended
June 30		 
   2025   2024   2025   2024 
   U.S. dollars in thousands 
                 
Cost of revenue   459    386    236    199 
Research and development   3,525    2,957    1,789    1,512 
Sales and marketing   1,976    1,489    807    762 
General and administrative   1,319    1,085    664    572 
Total stock-based compensation-RSUs   7,279    5,917    3,496    3,045