| SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION |
NOTE
13: - SEGMENTS, CUSTOMERS AND GEOGRAPHIC INFORMATION
| | a. | The Company identifies its operating segments in accordance with ASC Topic No. 280, “Segment Reporting.” Operating segments are defined as components of an entity for which separate financial information is available and it is regularly reviewed by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and evaluating financial performance. The Company determined it operates in one reportable segment as the Company’s CODM is the Chief Executive Officer who makes operating decisions, assesses performance and allocates resources on a consolidated basis. There is no expense or asset information that are supplemental to those disclosed in these consolidated financial statements that are regularly provided to the CODM. The Company’s CODM uses consolidated net income to review actual results and decide where to allocate additional resources within the business to continue growth. Since the Company operates as one operating segment, financial segment information, including profit or loss and asset information, can be found in the consolidated financial statements. | | | | | | | b. | The following tables present total revenues for the years ended December 31, 2025, 2024 and 2023 and long-lived assets, net as of December 31, 2025 and 2024 by geographic regions: |
| | 1. | Revenues by geographic region are as follows: |
| | |
Year
ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| United States | |
$ | 38,849 | | |
$ | 36,087 | | |
$ | 31,829 | |
| Asia (*) | |
| 9,900 | | |
| 12,725 | | |
| 9,786 | |
| Latin America | |
| 222 | | |
| 327 | | |
| 1,266 | |
| EMEA (including Israel) | |
| 22,523 | | |
| 11,870 | | |
| 8,719 | |
| | |
$ | 71,494 | | |
$ | 61,009 | | |
$ | 51,600 | |
| (*) | Includes Japan which accounted for more than 10% of the Company’s revenues in all years presented. |
Total
revenues are attributed to geographic areas are based on the location of the end-customer.
In
2025, 2024 and 2023, the amount of export revenues represented 79%, 89% and 96%, respectively, of the Company’s total revenues.
| | 2. | Major customer data as a percentage of total revenues: |
| | |
Year
ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
% | |
| A | |
| 48 | | |
| 51 | | |
| 52 | |
| B (*) | |
| 17 | | |
| 26 | | |
| 24 | |
| C | |
| 21 | | |
| 11 | | |
| (** | ) |
| | |
| 86 | % | |
| 88 | % | |
| 76 | % |
| (*) | For the year ended December 31, 2025, operating both in Asia and EMEA. |
| | 3. | Long-lived assets by geographic areas: |
| | |
Year
ended December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Israel | |
$ | 3,103 | | |
$ | 3,643 | |
| United States | |
| 356 | | |
| 480 | |
| Other | |
| 427 | | |
| 177 | |
| Total long-lived assets
(1) | |
$ | 3,886 | | |
$ | 4,300 | |
| (1) | Long-lived assets are comprised of property and equipment, net and operating lease right-of use. |
|