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REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION | 12 Months Ended
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Dec. 31, 2024
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, 2024
|  | Enterprise, Education and Technology |  | Media and Telecom |  | Total
Revenue |  | $ | 128,704 |  |  | $ | 50,013 |  |  | $ | 178,717 |
Cost of revenue |  |  |  |  |  |
Production costs |  | $ | 16,693 |  |  | $ | 13,973 |  |  | $ | 30,666 |
Compensation |  | 10,868 |  |  | 6,464 |  |  | 17,332 |
Depreciation and amortization |  | 1,354 |  |  | 2,370 |  |  | 3,724 |
Other segment items |  | 2,861 |  |  | 5,028 |  |  | 7,889 |
Total cost of revenue |  | 31,776 |  |  | 27,835 |  |  | 59,611 |
Gross profit |  | 96,928 |  |  | 22,178 |  |  | 119,106 |
Operating expenses |  |  |  |  |  | 143,205 |
Financial income, net |  |  |  |  |  | (434) |
Provision for income taxes |  |  |  |  |  | 7,650 |
Net loss |  |  |  |  |  | $ | 31,315 |
|  | Year Ended December 31, 2023
|  | Enterprise, Education and Technology |  | Media and Telecom |  | Total
Revenue |  | $ | 125,154 |  |  | $ | 50,018 |  |  | $ | 175,172 |
Cost of revenue |  |  |  |  |  |
Production costs |  | $ | 18,528 |  |  | $ | 14,771 |  |  | $ | 33,299 |
Compensation |  | 11,080 |  |  | 8,876 |  |  | 19,956 |
Depreciation and amortization |  | 1,022 |  |  | 2,389 |  |  | 3,411 |
Other segment items |  | 2,900 |  |  | 3,372 |  |  | 6,272 |
Total cost of revenue |  | 33,530 |  |  | 29,408 |  |  | 62,938 |
Gross profit |  | 91,624 |  |  | 20,610 |  |  | 112,234 |
Operating expenses |  |  |  |  |  | 150,889 |
Financial income, net |  |  |  |  |  | (1,200) |
Provision for income taxes |  |  |  |  |  | 8,911 |
Net loss |  |  |  |  |  | $ | 46,366 |
|  | Year Ended December 31, 2022
|  | Enterprise, Education and Technology |  | Media and Telecom |  | Total
Revenue |  | $ | 120,190 |  |  | $ | 48,621 |  |  | $ | 168,811 |
Cost of revenue |  |  |  |  |  |
Production costs |  | 18,284 |  |  | 11,385 |  |  | 29,669 |
Compensation |  | 14,117 |  |  | 10,134 |  |  | 24,251 |
Depreciation and amortization |  | 765 |  |  | 687 |  |  | 1,452 |
Other segment items |  | 3,212 |  |  | 3,287 |  |  | 6,499 |
Total cost of revenue |  | 36,378 |  |  | 25,493 |  |  | 61,871 |
Gross profit |  | 83,812 |  |  | 23,128 |  |  | 106,940 |
Operating expenses |  |  |  |  |  | 163,319 |
Financial income, net |  |  |  |  |  | 4,248 |
Provision for income taxes |  |  |  |  |  | 7,868 |
Net loss |  |  |  |  |  | $ | 68,495 |
Other segment items include costs related to subcontractors and consultants, allocated rent, IT expenses and other general costs. Geographical information Revenue by location is determined by the billing address of the customer. Total revenue from external customers on the basis of the Company's geographical areas are as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
United States (“US”) | $ | 94,855 |  |  | $ | 91,319 |  |  | $ | 91,923 |
Europe, the Middle East and Africa (“EMEA”) | 68,396 |  |  | 65,831 |  |  | 58,026 |
Other | 15,466 |  |  | 18,022 |  |  | 18,862 |
| $ | 178,717 |  |  | $ | 175,172 |  |  | $ | 168,811 |
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, 2024 and 2023, based on geographical areas which consist of property and equipment, net and operating lease right-of-use assets:
| December 31,
| 2024 |  | 2023
US | $ | 10,141 |  |  | $ | 13,913 |
Israel | 18,253 |  |  | 19,916 |
Rest of world | 104 |  |  | 156 |
| $ | 28,498 |  |  | $ | 33,985 |

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- Definition The entire disclosure for reporting segments including data and tables. 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