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Revenue (Tables)
3 Months Ended
Mar. 31, 2026
Revenue [Abstract]  
Schedule of Disaggregated Revenues

The following table presents our disaggregated revenues by type, timing and geographical region.

 

   Three Months Ended
March 31,
 
(dollars in thousands)  2026   2025 
Type of Revenue        
Product revenue  $38,368   $3,224 
Service revenue   9,323    809 
Development revenue   2,431    215 
Total revenues  $50,122   $4,248 
           
Timing of Revenue          
Revenue recognized point in time  $40,562   $3,984 
Revenue recognized over time   9,560    264 
Total revenue  $50,122   $4,248 
           
Geographical region          
Israel  $21,598   $2,488 
Europe   12,071    
-
 
Asia - Other   12,000    
-
 
North America   3,313    216 
United Arab Emirates   305    1,533 
Other Countries   835    11 
Total revenues  $50,122   $4,248 
Schedule of Contract Assets and Liabilities The table below details the activity in our contract assets during the three months ended March 31, 2026 and the year ended December 31, 2025.
(dollars in thousands)  Three Months
Ended
March 31,
2026
   Year Ended
December 31,
2025
 
Balance, beginning of period  $3,171   $206 
Contract assets recognized   15,488    8,476 
Reclassification to accounts receivable, net   (2,676)   (5,511)
Balance, end of period  $15,983   $3,171 
The table below details the activity in our contract liabilities during the three months ended March 31, 2026, and the year ended December 31, 2025.
(dollars in thousands)  Three Months
Ended
March 31,
2026
   Year Ended
December 31,
2025
 
Balance, beginning of period  $8,501   $329 
Contract liabilities acquired in business combinations   14,253    7,374 
Effect of deconsolidation of subsidiary   (337)   
-
 
Additions   4,892    9,542 
Recognized as revenue   (7,477)   (8,744)
Balance, end of period  $19,832   $8,501