XML 40 R21.htm IDEA: XBRL DOCUMENT v3.22.4
REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting Disclosure
NOTE 13: REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION
Reportable segments
ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker is its Chief Executive Officer ("CODM"). The Company's CODM does not regularly review asset information by segments and, therefore, the Company does not report asset information by segment.
The Company organizes its operations in two segments: Enterprise, Education and Technology and Media and Telecom. The Enterprise, Education and Technology segment represents products related to industry solutions for education customers, and media services (except for Media and Telecom customers). The Media and Telecom segment primarily represents TV solutions that are sold to media and telecom operators.
The measurement of the reportable operating segments is based on the same accounting principles applied in these financial statements, which includes certain corporate overhead allocations.
Year Ended
December 31, 2022

Enterprise, Education and TechnologyMedia and TelecomTotal
Revenue$120,190 $48,621 $168,811 
Gross profit$83,812 $23,128 $106,940 
Operating expenses163,319 
Financial expenses, net4,248 
Provision for income taxes7,868 
Net loss$68,495 


Year Ended
December 31, 2021

Enterprise, Education and TechnologyMedia and TelecomTotal
Revenue$118,932 $46,084 $165,016 
Gross profit$84,196 $18,506 $102,702 
Operating expenses135,377 
Financial expenses, net20,106 
Provision for income taxes6,570 
Net loss$59,351 
Year Ended
December 31, 2020

Enterprise, Education and TechnologyMedia and TelecomTotal
Revenue$80,449 $39,991 $120,440 
Gross profit$58,539 $14,236 $72,775 
Operating expenses81,264 
Financial expenses, net46,721 
Provision for income taxes3,553 
Net loss$58,763 

Geographical information
Revenue by location is determined by the billing address of the customer. Total revenues from external customers on the basis of the Company's geographical areas are as follows:

Year Ended December 31,
202220212020
 United States (“US”) $91,923 $96,464 $68,781 
Europe, the Middle East and Africa (“EMEA”)58,026 51,077 37,592 
Other 18,862 17,475 14,067 
$168,811 $165,016 $120,440 

No other individual country accounted for more than 10% of the Company’s revenue for all periods presented.
The following table presents long-lived assets as of December 31, 2022 and 2021, based on geographical areas which consist of property and equipment, net and operating lease right-of-use assets:


December 31,
20222021
US$15,752 $7,690 
Israel19,995 1,408 
Rest of world209 405 
$35,956 $9,503