Operating Segments and Geographical Information (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
Operating Segments and Geographical Information [Abstract] |
|
Schedule of Segment Information |
e.Segment Information:
| |
For the period of six months ended June 30, 2025 | |
| |
Aeronautics | | |
Architecture | | |
Automotive | | |
Safety tech | | |
Total | |
Revenues from external customers | |
$ | 14,507 | | |
$ | 4,903 | | |
$ | 2,897 | | |
$ | 20,114 | | |
$ | 42,421 | |
Intersegment revenues | |
| 25 | | |
| - | | |
| 37 | | |
| - | | |
| 62 | |
Cost of revenue | |
| 9,921 | | |
| 3,163 | | |
| 2,315 | | |
| 15,987 | | |
| 31,386 | |
Depreciation and amortization | |
| 422 | | |
| 121 | | |
| 122 | | |
| 352 | | |
| 1,017 | |
Gross profit | |
$ | 4,164 | | |
$ | 1,619 | | |
$ | 460 | | |
$ | 3,775 | | |
$ | 10,018 | |
| |
For the period of six months ended June 30, 2024 | |
| |
Aeronautics | | |
Architecture | | |
Automotive | | |
Safety tech | | |
Total | |
Revenues from external customers | |
$ | 20,181 | | |
$ | 5,255 | | |
$ | 2,218 | | |
$ | 21,484 | | |
$ | 49,138 | |
Intersegment revenues | |
| 1,761 | | |
| 104 | | |
| - | | |
| - | | |
| 1,865 | |
Cost of revenue | |
| 11,465 | | |
| 3,491 | | |
| 2,751 | | |
| 17,623 | | |
| 35,330 | |
Depreciation and amortization | |
| 490 | | |
| 88 | | |
| - | | |
| 423 | | |
| 1,001 | |
Gross profit (loss) | |
$ | 8,226 | | |
$ | 1,676 | | |
$ | (533 | ) | |
$ | 3,438 | | |
$ | 12,807 | |
| |
For the period of three months ended June 30, 2025 | |
| |
Aeronautics | | |
Architecture | | |
Automotive | | |
Safety tech | | |
Total | |
Revenues from external customers | |
$ | 6,862 | | |
$ | 2,489 | | |
$ | 1,406 | | |
$ | 9,297 | | |
$ | 20,054 | |
Intersegment revenues | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Cost of revenue | |
| 5,064 | | |
| 1,584 | | |
| 1,123 | | |
| 7,478 | | |
| 15,249 | |
Depreciation and amortization | |
| 222 | | |
| 62 | | |
| 63 | | |
| 172 | | |
| 519 | |
Gross profit | |
$ | 1,576 | | |
$ | 843 | | |
$ | 220 | | |
$ | 1,647 | | |
$ | 4,286 | |
| |
For the period of three months ended June 30, 2024 | |
| |
Aeronautics | | |
Architecture | | |
Automotive | | |
Safety tech | | |
Total | |
Revenues from external customers | |
$ | 10,045 | | |
$ | 2,625 | | |
$ | 912 | | |
$ | 10,827 | | |
$ | 24,409 | |
Intersegment revenues | |
| 782 | | |
| 104 | | |
| - | | |
| - | | |
| 886 | |
Cost of revenue | |
| 6,056 | | |
| 1,661 | | |
| 1,060 | | |
| 8,546 | | |
| 17,323 | |
Depreciation and amortization | |
| 236 | | |
| 48 | | |
| - | | |
| 210 | | |
| 494 | |
Gross profit (loss) | |
$ | 3,753 | | |
$ | 916 | | |
$ | (148 | ) | |
$ | 2,071 | | |
$ | 6,592 | |
|
Schedule of Financial Statements |
| |
For the three months ended,
June 30 | | |
For the six months, ended
June 30 | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
Total revenues for reportable segments | |
$ | 20,054 | | |
$ | 25,295 | | |
$ | 42,483 | | |
$ | 51,003 | |
Elimination of intersegment revenues | |
| - | | |
| (886 | ) | |
| (62 | ) | |
| (1,865 | ) |
Total consolidated revenues | |
| 20,054 | | |
| 24,409 | | |
| 42,421 | | |
| 49,138 | |
| |
| | | |
| | | |
| | | |
| | |
Total reportable segment profit | |
| 4,286 | | |
| 6,592 | | |
| 10,018 | | |
| 12,807 | |
Amounts not allocated to segments: | |
| | | |
| | | |
| | | |
| | |
Research and development expenses, net | |
| 4,868 | | |
| 4,131 | | |
| 8,325 | | |
| 8,512 | |
General and administrative expenses | |
| 6,076 | | |
| 5,271 | | |
| 11,773 | | |
| 11,400 | |
Sales and marketing expenses | |
| 4,142 | | |
| 4,153 | | |
| 7,811 | | |
| 8,443 | |
Depreciation and amortization | |
| 1,710 | | |
| 1,021 | | |
| 3,312 | | |
| 2,042 | |
Other expenses, net | |
| - | | |
| (63 | ) | |
| - | | |
| (38 | ) |
Consolidated operating loss | |
| (12,510 | ) | |
| (7,921 | ) | |
| (21,203 | ) | |
| (17,552 | ) |
Other income | |
| - | | |
| 130 | | |
| - | | |
| 130 | |
Financial expenses, net | |
| 1,790 | | |
| (15,274 | ) | |
| (240 | ) | |
| (18,828 | ) |
Consolidated loss before income taxes | |
$ | (10,720 | ) | |
$ | (23,065 | ) | |
$ | (21,443 | ) | |
$ | (36,250 | ) |
|
Schedule of Revenue by Region |
The following table summarizes revenue
by region based on the shipping address of customers:
| |
For the three months ended
June 30 | | |
For the six months ended
June 30 | |
| |
2025 | | |
2024 | | |
2025 | | |
2024 | |
United States | |
$ | 3,901 | | |
$ | 6,686 | | |
$ | 9,196 | | |
$ | 13,954 | |
Israel | |
| 472 | | |
| 171 | | |
| 956 | | |
| 432 | |
France | |
| 6,618 | | |
| 7,280 | | |
| 12,003 | | |
| 12,375 | |
United Kingdom | |
| 1,870 | | |
| 2,025 | | |
| 5,152 | | |
| 3,760 | |
Rest of Europe | |
| 4,551 | | |
| 3,576 | | |
| 9,115 | | |
| 9,766 | |
Asia | |
| 2,030 | | |
| 3,779 | | |
| 4,454 | | |
| 6,747 | |
Rest of world | |
| 612 | | |
| 892 | | |
| 1,545 | | |
| 2,104 | |
| |
$ | 20,054 | | |
$ | 24,409 | | |
$ | 42,421 | | |
$ | 49,138 | |
|