The
following table presents selected financial information with respect to the Company’s single operating segment for the years ended
December 31, 2025, and 2024:
Schedule of Operating Segment
| (in thousands) | |
December 31,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Revenues, net | |
| 41,705 | | |
| 37,321 | |
| | |
| | | |
| | |
| Operating expenses: | |
| | | |
| | |
| Cost of revenues | |
| 10,964 | | |
| 18,607 | |
| Direct sales | |
| 7,963 | | |
| 9,058 | |
| Sales support | |
| 7,541 | | |
| 8,498 | |
| General and administrative | |
| 22,866 | | |
| 16,279 | |
| Research and development | |
| 3,719 | | |
| 2,089 | |
| Total operating expenses | |
| 53,053 | | |
| 54,531 | |
| Loss from operations | |
| (11,348 | ) | |
| (17,210 | ) |
| Other income (expense), net | |
| 837 | | |
| (527 | ) |
| Income tax expenses | |
| 25 | | |
| 22 | |
| Net loss | |
$ | (10,536 | ) | |
$ | (17,759 | ) |
|