XML 32 R20.htm IDEA: XBRL DOCUMENT v3.25.1
REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION
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 ("CODM") in deciding how to allocate resources and in assessing performance. The Company's CODM is its Chief Executive Officer. 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 predominantly 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 and mass broadcasting and entertainment.
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.
Three Months Ended March 31, 2025
Enterprise, Education and TechnologyMedia and TelecomTotal
Revenue$34,416 $12,568 $46,984 
Cost of revenue
Production costs$4,176 $3,507 $7,683 
Compensation2,654 1,347 4,001 
Depreciation and amortization226 536 762 
Other segment items792 1,010 1,802 
Total cost of revenue7,848 6,400 14,248 
Gross profit26,568 6,168 32,736 
Operating expenses34,313 
Financial income, net(1,803)
Provision for income taxes1,345 
Net loss$1,119 
Three Months Ended March 31, 2024
Enterprise, Education and TechnologyMedia and TelecomTotal
Revenue$32,440 $12,341 $44,781 
Cost of revenue
Production costs$4,815 $3,553 $8,368 
Compensation2,940 1,938 4,878 
Depreciation and amortization237 597 834 
Other segment items892 1,201 2,093 
Total cost of revenue8,884 7,289 16,173 
Gross profit23,556 5,052 28,608 
Operating expenses35,899 
Financial expenses, net1,497 
Provision for income taxes2,308 
Net loss$11,096 

Other segment items include costs related to subcontractors and consultants, allocated rent, IT expenses and other general costs.
Geographical information
See Note 3 for disaggregated revenue by geographic region