| SEGMENT INFORMATION |
NOTE 9:- SEGMENT INFORMATION
| |
|
Nine Months Ended
September 30,
|
|
| |
|
2026 |
|
|
2025 |
|
| Revenues from external customers |
|
$ |
37,315 |
|
|
$ |
42,415 |
|
| Less: |
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
39,442 |
|
|
|
31,575 |
|
| Research and development expenses |
|
|
40,747 |
|
|
|
40,354 |
|
| Sales and marketing expenses |
|
|
6,258 |
|
|
|
4,183 |
|
| General and administrative expenses |
|
|
16,678 |
|
|
|
13,109 |
|
| Financial income, net |
|
|
(1,597 |
) |
|
|
(385 |
) |
| Taxes on income |
|
|
108 |
|
|
|
119 |
|
| |
|
|
|
|
|
|
|
|
| Segment loss |
|
$ |
64,321 |
|
|
$ |
46,540 |
|
| |
|
|
|
|
|
|
|
|
| Other segment disclosures: |
|
|
|
|
|
|
|
|
| Depreciation and amortization expenses |
|
$ |
3,914 |
|
|
$ |
4,076 |
|
| Share-based compensation expenses |
|
$ |
11,022 |
|
|
$ |
11,850 |
|
| Interest income |
|
$ |
1,555 |
|
|
$ |
2,625 |
|
| Expenditures for segment assets |
|
$ |
3,885 |
|
|
$ |
3,210 |
|
| |
|
September 30, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Assets: |
|
|
|
|
|
|
|
|
| Segment assets |
|
$ |
123,109 |
|
|
$ |
138,452 |
|
|
b. |
Geographic information: |
Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location where the customers accept delivery of the products and services:
| |
|
Nine Months Ended
September 30,
|
|
| |
|
2026 |
|
|
2025 |
|
| |
|
|
|
|
|
|
| Europe, Middle East and Africa (*) |
|
$ |
27,739 |
|
|
$ |
37,203 |
|
| North America (**) |
|
|
4,900 |
|
|
|
3,730 |
|
| Israel |
|
|
4,511 |
|
|
|
1,399 |
|
| Asia Pacific |
|
|
165 |
|
|
|
83 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
37,315 |
|
|
$ |
42,415 |
|
|
(*) |
Includes revenues from Germany in the amount of $27,612 and $37,203 for the nine months ended September 30, 2026 and 2025, respectively. |
|
(**) |
Includes revenues from United States in the amount of $4,900 and $3,712 for the nine months ended September 30, 2026 and 2025, respectively. |
|
c. |
Concentration of credit risk from major customers: |
As of September 30, 2026, Customer A accounted for approximately 79% of the Company’s trade receivables.
As of December 31, 2025, Customer A accounted for approximately 73% of the Company’s trade receivables.
|