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Revenue and Cost of Revenue

12 Months Ended

Dec. 31, 2024

Revenue and Cost of Revenue [Abstract]

NOTE 15 - REVENUE AND COST OF REVENUE:

Revenue

	Year ended December 31
	2024		2023		2022
	U.S. dollar in thousands
Software as a Service:
Web data collection		30,913		21,291		8,480
Consumer internet access		873		2,418		3,371
Advertising services		38		2,812		6,699
		31,824		26,521		18,550

The Company recognized $1,983 thousand, $1,170 thousand and $514 thousand of revenue in 2024, 2023 and 2022, respectively, related to contract liability balances at the beginning of the respective annual periods.

Revenue by Geographic Area

	Year ended December 31
	2024		2023		2022
	U.S. dollar in thousands
China		5,269		1,730		425
U.S.		4,403		5,534		4,110
United Arab Emirates		6,460		3,155		417
Europe		4,313		5,210		2,599
Asia Pacific		3,443		2,296		411
U.K. Virgin Islands		32		3,109		7,009
Hong-Kong		4,381		339		118
Middle East & Africa		2,083		2,166		471
Israel		788		2,149		177
Other		652		833		2,813
		31,824		26,521		18,550

No single customer in 2024 exceeded 10% of total revenues. Revenue in 2023 of $3,055 thousand resulted from one main customer (representing 12% of total revenues). Revenue in 2022 of $6,948 thousand resulted from one main customer (representing 37% of total revenues).

As of December 31, 2024, 2023 and 2022, all of the Company’s property and equipment is located in Israel.

Cost of revenue

	Year ended December 31
	2024		2023		2022
	U.S. dollar in thousands
Payroll and related expenses		314		376		364
Share-based payment		24		8		20
Internet protocols addresses’ costs		5,462		3,848		2,135
Networks and servers		1,188		758		570
Traffic acquisition costs		32		1,080		3,070
Platform providers fees		184		679		1,113
Amortization and impairment of intangible assets and depreciation		590		903		1,116
Other		121		59		14
		7,915		7,711		8,402