XML 20 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Telematics services $ 234,541 $ 209,558 $ 189,649
Telematics products 85,437 83,514 81,235
Total revenues 319,978 293,072 270,884
Cost of revenues:      
Telematics services 98,707 90,129 83,427
Telematics products 68,110 65,381 59,619
Total cost of revenues 166,817 155,510 143,046
Gross profit 153,161 137,562 127,838
Research and development expenses 16,986 16,848 14,099
Selling and marketing expenses 13,643 13,327 13,262
General and administrative expenses 56,635 48,705 46,118
Other expenses (income), net (Note 8) (58) (92) (256)
Operating income 65,955 58,774 54,615
Other income (expenses), net 2 (0) (109)
Financing expenses, net (Note 14) (1,552) (5,944) (5,538)
Income before income tax 64,405 52,830 48,968
Income tax expenses (Note 15) (13,355) (12,745) (11,854)
Share in losses of affiliated companies, net (Note 4A) (706) (585) (102)
Net income for the year 50,344 39,500 37,012
Less: Net income attributable to non-controlling interest (2,207) (2,397) (2,756)
Net income attributable to the Company $ 48,137 $ 37,103 $ 34,256
Basic earnings per share attributable to Company’s stockholders $ 2.41 $ 1.82 $ 1.65
Diluted earnings per share attributable to Company’s stockholders $ 2.41 $ 1.82 $ 1.65
Basic weighted average number of shares outstanding 20,000 20,418 20,769
Diluted weighted average number of shares outstanding 20,000 20,418 20,769