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Note 9 - Geographic Information and Major Customer Data
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE 9:

GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA

 

The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the Company’s chief operating decision maker (“CODM”), which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis. There is no expense or asset information that are supplemental to those disclosed in these interim condensed consolidated financial statements, that are regularly provided to the CODM. The allocation of resources and assessment of performance of the operating segment is based on consolidated net income as shown in our interim condensed consolidated statements of loss. The CODM considers net income in the annual forecasting process and reviews actual results when making decisions about allocating resources. Since the Company operates as one operating segment, financial segment information, including profit or loss and asset information, can be found in these interim condensed consolidated financial statements.

 

 

a.

Summary information about geographic areas:

 

   

Nine months ended
September 30,

    

Three months ended
September 30,

  
   

2025

(unaudited)

    

2024

(unaudited)

    

2025

(unaudited)

    

2024

(unaudited)

  

Revenues based on customer location:

                                

United States

   $ 15,943     $ 12,022     $ 6,780     $ 8,119  

Europe and Middle East

     5,018       11,644       1,524       2,690  

Asia Pacific (1)(2)

     57,346       54,037       20,080       16,398  

Other

     —       13       —       —  
    $ 78,307     $ 77,716     $ 28,384     $ 27,207  
                                 

(1) China

   $ 44,590     $ 39,748     $ 14,746     $ 10,723  

(2) South Korea

   $   *)   $   *)   $   *)   $ 3,033  

 

*) Less than 10%

 

 

   

September 30, 2025

(unaudited)

    

December 31,

2024

  

Long-lived assets by geographic region:

                

Israel

   $ 4,513     $ 6,788  

France

     1,770       1,916  

United States

     1,312       1,716  

Greece

     1,283       984  

Other

     1,092       1,284  
    $ 9,970     $ 12,688  

 

 

b.

Major customer data as a percentage of total revenues:

 

The following table sets forth the customers that represented 10% or more of the Company’s total revenues in each of the periods set forth below: 

 

   

Nine months ended
September 30,

    

Three months ended
September 30,

  
   

2025

(unaudited)

    

2024

(unaudited)

    

2025

(unaudited)

    

2024

(unaudited)

  
                                 

Customer A

     15 %     13 %     11 %     13 %

Customer B

     * )     * )     11 %     * )

Customer C

     * )     * )     11 %     * )

Customer D

     * )     * )     * )     17 %

 

*) Less than 10%

 

 

 

c.

Major customer data as a percentage of total trade receivable:

 

The following table sets forth the customers that represented 10% or more of the Company’s total trade receivable in each of the periods set forth below:

 

   

September 30,

2025

(unaudited)

    

December

31, 2024

  
                 

Customer A

     17 %     24 %

Customer B

     * )     12 %

 

*) Less than 10%