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v3.25.1

Stock-Based Compensation (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Stock-Based Compensation [Line Items] |
Schedule of Share Option Plan | The following is a summary of the status of the Company’s share option plan as of March 31, 2025:
|  | Three months ended |
|  | March 31, 2025 |
|  | Number of Options |  |  | Weighted- Average Exercise price |
Options outstanding as of December 31, 2024 |  |  | 10,569,170 |  |  | $ | 1.07 |
Granted during the period |  |  | 511,925 |  |  | $ | 2.41 |
Exercised during the period |  |  | (246,513 | ) |  | $ | 0.76 |
Forfeited during the period |  |  | (16,563 | ) |  | $ | 2.10 |
Options outstanding as of March 31, 2025 |  |  | 10,818,019 |  |  | $ | 1.14 |
Options exercisable as of March 31, 2025 |  |  | 10,028,826 |  |  | $ | 1.02 |
Schedule of Information about Share Options Outstanding | The following table summarizes information about stock options outstanding as of March 31, 2025:
Outstanding as of March 31, 2025 |  |  | Exercisable as of March 31, 2025 |
Range of exercise prices |  |  | Number outstanding |  |  | Weighted average remaining contractual term |  |  | Weighted average exercise price |  |  | Aggregate intrinsic value (U.S. dollars in thousands) |  |  | Number Exercisable |  |  | Weighted average remaining contractual term |  |  | Weighted Average exercise price |  |  | Aggregate intrinsic value (U.S. dollars in thousands) |
$ | 0.15-$0.86 |  |  |  | 9,396,260 |  |  |  | 3.70 |  |  |  | 0.80 |  |  |  | 11,652 |  |  |  | 9,348,838 |  |  |  | 3.69 |  |  |  | 0.80 |  |  |  | 11,596 |
$ | 1.87 |  |  |  | 3,313 |  |  |  | 5.78 |  |  |  | 1.87 |  |  |  | 1 |  |  |  | 3,313 |  |  |  | 5.78 |  |  |  | 1.87 |  |  |  | 1 |
$ | 2.10-$2.13 |  |  |  | 55,710 |  |  |  | 6.50 |  |  |  | 2.13 |  |  |  | - |  |  |  | 9,285 |  |  |  | 6.50 |  |  |  | 2.13 |  |  |  | - |
$ | 2.39-$2.41 |  |  |  | 937,194 |  |  |  | 6.34 |  |  |  | 2.40 |  |  |  | - |  |  |  | 341,221 |  |  |  | 5.79 |  |  |  | 2.39 |  |  |  | - |
$ | 4.99 |  |  |  | 196,625 |  |  |  | 4.80 |  |  |  | 4.99 |  |  |  | - |  |  |  | 141,002 |  |  |  | 4.80 |  |  |  | 4.99 |  |  |  | - |
$ | 5.36 |  |  |  | 140,000 |  |  |  | 4.25 |  |  |  | 5.36 |  |  |  | - |  |  |  | 96,250 |  |  |  | 4.25 |  |  |  | 5.36 |  |  |  | - |
$ | 7.58 |  |  |  | 85,380 |  |  |  | 3.79 |  |  |  | 7.58 |  |  |  | - |  |  |  | 85,380 |  |  |  | 3.79 |  |  |  | 7.58 |  |  |  | - |
$ | 9.07 |  |  |  | 3,537 |  |  |  | 3.71 |  |  |  | 9.07 |  |  |  | - |  |  |  | 3,537 |  |  |  | 3.71 |  |  |  | 9.07 |  |  |  | - |
Schedule of Fair Value of Stock-Based Compensation Awards | The calculated fair value of option grants was estimated using the Black-Scholes option-pricing model with the following assumptions:
|  | For the three months ended on March 31, 2025 |  |  | For the three months ended on March 31, 2024 |
Expected term |  |  | 4-5 |  |  |  | 4-5 |
Expected volatility |  |  | 59.63%-63.35% |  |  |  | 58.56% |
Expected dividend rate |  |  | 0% |  |  |  | 0% |
Risk-free rate |  |  | 4.34%-4.36% |  |  |  | 3.85%-3.92% |
Schedule of Classification of Stock Options Expenses | The following table presents the classification of the stock options expenses for the periods indicated:
|  | Three months Ended March 31 |
|  | 2025 |  |  | 2024 |
|  | U.S. dollars in thousands |
Cost of revenue |  |  | 27 |  |  |  | 44 |
Research and development |  |  | 135 |  |  |  | 223 |
Sales and marketing |  |  | 58 |  |  |  | 249 |
General and administrative |  |  | 163 |  |  |  | 376 |
Total stock-based compensation |  |  | 383 |  |  |  | 892 |
Schedule of Company’s RSU’s | The following is a summary of the status of the Company’s RSU’s as of March 31, 2025, as well as changes during the period of nine months ended March 31, 2025:
|  | Number of RSUs |  |  | Weighted- Average Grant Date Fair Value |
RSUs outstanding at the beginning of the year |  |  | 8,827,092 |  |  | $ | 3.13 |
Granted during the period |  |  | 4,518,634 |  |  | $ | 2.14 |
Vested during the period |  |  | (1,533,878 | ) |  | $ | 2.90 |
Forfeited during the period |  |  | (76,332 | ) |  | $ | 2.67 |
Outstanding at the end of the period |  |  | 11,735,516 |  |  | $ | 2.79 |
Schedule of Classification of RSU's Expenses | The following table presents the classification of RSU’s expenses for the periods indicated:
|  | Three months ended March 31 |
|  | 2025 |  |  | 2024 |
|  | U.S. dollars in thousands |
Cost of revenue |  |  | 223 |  |  |  | 187 |
Research and development |  |  | 1,736 |  |  |  | 1,445 |
Sales and marketing |  |  | 1,169 |  |  |  | 727 |
General and administrative |  |  | 655 |  |  |  | 513 |
Total stock-based compensation-RSUs |  |  | 3,783 |  |  |  | 2,872 |

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