v3.26.1
Business Segments, Concentration of Credit Risk and Significant Customers (Tables)
 6 Months Ended
Jun. 30, 2026
Business Segments, Concentration of Credit Risk and Significant Customers [Abstract]  
Schedule of Segment Expenses and Other Segment Items

The following table presents the significant segment expenses and other segment items regularly reviewed by the CODM (in thousands):

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
Total net revenue   $ 1,307     $ 2,220     $ 2,270     $ 6,089  
                                 
Less:                                
Cost of net revenue     474       1,147       845       2,336  
Research and development     572       610       1,135       1,214  
Compensation     1,464       1,518       2,916       2,962  
Stock-based compensation     170       141       317       266  
Software license obligations     —       (223 )     —       (223 )
Other operating expenses     863       804       1,777       1,825  
Other (income) expense, net     (16 )     52       (3 )     9  
Net loss   $ (2,220 )   $ (1,829 )   $ (4,717 )   $ (2,300 )
Schedule of Services to Customers by Geographical Location

The Company recognized revenue from shipments of products, licensing of its technologies and performance of services to customers by geographical destination as follows (in thousands):

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
Europe   $ 1,102     $ 1,204     $ 1,381     $ 1,733  
Taiwan     5       570       208       1,590  
North America     59       8       195       1,779  
Rest of the world     141       438       486       987  
Total net revenue   $ 1,307     $ 2,220     $ 2,270     $ 6,089  
Schedule of Breakdown of Product Revenue by Category

The following is a breakdown of product revenue by category (in thousands):

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
Product category   2026     2025     2026     2025  
Memory ICs   $ 7     $ -     $ 27     $ 2,267  
mmWave ICs     79       1,318       583       2,293  
mmWave modules     1,078       886       1,189       1,444  
mmWave other products     80       14       112       14  
    $ 1,244     $ 2,218     $ 1,911     $ 6,018  
Schedule of Concentration of Credit Risk

The following table lists significant customers that represented more than 10% of total revenue during each respective period:

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2026     2025     2026     2025  
Customer A     71 %     *       41 %     *  
Customer B     *       32 %     15 %     12 %
Customer C     *       21 %     *       15 %
Customer D     *       17 %     *       *  
Customer E     *       17 %     *       *  
Customer F     *       *       *       19 %
Customer G     *       *       *       26 %

 

* Represents less than 10%

 

The following table lists significant customers that represented more than 10% of the net accounts receivable balance at each respective balance sheet date:

 

    Accounts Receivable  
    June 30,     December 31,  
    2026     2025  
Customer A     39 %     *  
Customer B     27 %     *  
Customer C     19 %     *  
Customer D     14 %     *  
Customer E     *       78 %
Customer F     *       15 %

 

* Represents less than 10%

 

The following table lists significant vendors that represented more than 10% of the total accounts payable balance at each respective balance sheet date:

 

    June 30,     December 31,  
    2026     2025  
Vendor A     22 %     23 %
Vendor B     16 %     15 %
Vendor C     *       15 %

 

* Represents less than 10%