v3.25.2
Segment and Revenue by Geography and By Major Customer (Tables)
 6 Months Ended
Jun. 30, 2025
Segment and Revenue by Geography and by Major Customer [Abstract]  
Schedule of Segment Operating Profit (Loss) Segment operating profit (loss) is used to monitor budget versus actual results, in order to assess the performance of the segment.
   Six months ended on June 30, 2025 
   CIB   Automotive   Consolidated 
   U.S. dollars in thousands 
Revenues   24,576    9,311    33,887 
Cost of revenues   7,755    4,715    12,470 
Gross profit   16,821    4,596    21,417 
Research and development expenses   13,159    7,629    20,788 
Sales and marketing expenses   5,543    5,230    10,773 
General and administrative expenses   4,232    3,132    7,364 
Change in earnout liability   (663)   
-
    (663)
Segment operating loss   (5,450)   (11,395)   (16,845)
Change in fair value of Forfeiture Shares             
-
 
Financial income, net             1,463 
Loss before taxes on income             (15,382)
                
Depreciation and Amortization expenses   1,070    458    1,528 
Stock-based compensation   3,633    4,308    7,941 
   Six months ended on June 30, 2024 
   CIB   Automotive   Consolidated 
   U.S. dollars in thousands 
Revenues   15,247    9,909    25,156 
Cost of revenues   3,623    6,374    9,997 
Gross profit   11,624    3,535    15,159 
Research and development expenses   11,778    8,328    20,106 
Sales and marketing expenses   3,939    4,817    8,756 
General and administrative expenses   3,604    3,364    6,968 
Change in earnout liability   28    
-
    28 
Segment operating loss   (7,725)   (12,974)   (20,699)
Change in fair value of Forfeiture Shares             35 
Financial income, net             1,774 
Loss before taxes on income             (18,890)
                
Depreciation and Amortization expenses   507    428    935 
Stock-based compensation   3,424    4,075    7,499 

 

   Three months ended on June 30, 2025 
   CIB   Automotive   Consolidated 
   U.S. dollars in thousands 
Revenues   12,823    4,236    17,059 
Cost of revenues   4,126    2,098    6,224 
Gross profit   8,697    2,138    10,835 
Research and development expenses   6,506    3,692    10,198 
Sales and marketing expenses   2,753    2,413    5,166 
General and administrative expenses   2,203    1,494    3,697 
Change in earnout liability   (837)   
-
    (837)
Segment operating loss   (1,928)   (5,461)   (7,389)
Change in fair value of Forfeiture Shares             
-
 
Financial income, net             225 
Loss before taxes on income             (7,164)
                
Depreciation and Amortization expenses   532    226    758 
Stock-based compensation   1,757    2,018    3,775 
   Three months ended on June 30, 2024 
   CIB   Automotive   Consolidated 
   U.S. dollars in thousands 
Revenues   8,070    5,527    13,597 
Cost of revenues   1,985    3,268    5,253 
Gross profit   6,085    2,259    8,344 
Research and development expenses   5,921    4,040    9,961 
Sales and marketing expenses   2,066    2,302    4,368 
General and administrative expenses   1,765    1,632    3,397 
Change in earnout liability   28    
-
    28 
Segment operating loss   (3,695)   (5,715)   (9,410)
Change in fair value of Forfeiture Shares             10 
Financial income, net             540 
Loss before taxes on income             (8,860)
                
Depreciation and Amortization expenses   279    200    479 
Stock-based compensation   1,703    2,032    3,735 
Schedule of Revenue by Geography, Based on the Customers

The following table shows revenue by geography, based on the customers’ “bill to” location:

 

   Six months ended
June 30		   Three months ended
June 30		 
   2025   2024   2025   2024 
   U.S. dollars in thousands 
                 
Israel   193    431    129    178 
Hong Kong   5,094    1,574    3,279    841 
China   4,574    3,507    2,353    1,987 
United States   4,329    4,462    1,652    3,013 
Portugal   4,556    3,098    2,318    1,207 
Hungary   4,710    6,129    1,830    4,082 
Japan   3,011    2,036    1,682    837 
Other   7,420    3,919    3,816    1,452 
    33,887    25,156    17,059    13,597 
Schedule of Major Customers Accounts Receivable and Revenues Percentage

The following tables summarize the significant customers’ (including distributors) accounts receivable and revenues as a percentage of total accounts receivable and total revenues, respectively:

 

   June 30,
2025		   December 31,
2024		 
Accounts Receivable  % of Account Receivable 
Customer A   25%   14%
Customer B   20%   18%
Customer C   10%   16%
Customer D   0%   14%
   Six months ended
June 30,		   Three months ended
June 30,		 
   2025   2024   2025   2024 
Revenues  % of Revenues   % of Revenues 
Customer A   13%   12%   13%   8%
Customer C   9%   7%   10%   9%
Customer D   8%   14%   5%   24%
Customer E   4%   10%   3%   9%
Customer F   4%   10%   4%   5%
Customer G   2%   10%   1%   11%
Schedule of Long-Lived Assets by Geography Long-lived assets by Geography:
   June 30,
2025		   December 31,
2024		 
   U.S. dollars in thousands 
Domestic (Israel)   9,082    9,482 
China   273    314 
USA   1,003    931 
Other   248    286 
    10,606    11,013