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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting
Note 13 - Segment Reporting
 
 
A.
Information on sales by geographic distribution:
 
   
The Company has one operating segment.
 
Sales are attributed to geographic distribution based on the location of the ultimate customer:
 
   
Year ended December 31
  
   
2022
    
2023
    
2024
  
   
US$ thousands
  
                   
USA
    
107,908
      
103,985
      
43,698
  
North America - other
    
836
      
1,442
      
280
  
Israel
    
13,586
      
7,560
      
3,365
  
Europe
    
20,715
      
8,048
      
6,221
  
Asia-Pacific
    
7,537
      
3,096
      
4,550
  
                         
     
150,582
      
124,131
      
58,114
  
 
 
B.
Sales to single ultimate customers exceeding 10% of sales (US$ thousands):
 
   
Year ended December 31
  
   
2022
    
2023
    
2024
  
   
US$ thousands
  
                   
Customer "A"
    
22,926
      
11,018
      
7,611
  
Customer "B"
    
7,821
      
5,889
      
7,302
  
Customer "C"
    
3,733
      
26,808
      
2,904
  
 
 
C.
Information on Long-Lived Assets - Property, Plant and Equipment and ROU assets by geographic areas:
 
   
The following table presents the locations of the Company’s long-lived assets as of December 31, 2023 and 2024:
 
   
Year ended December 31
  
   
2023
    
2024
  
   
US$ thousands
  
             
North America
    
626
      
420
  
Europe
    
153
      
71
  
Israel
    
9,239
      
9,506
  
                 
     
10,018
      
9,997
  
 
  D. Segment information:

 

   

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”).
 

The Company’s operations are managed and reported to its Chief Executive Officer (“CEO”), the Company’s chief operating decision maker ("CODM").
 

Our chief operating decision maker (“CODM”), manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Accordingly, our CODM uses consolidated net income to measure segment profit or loss, allocate resources and assess performance.

The following table provides the significant expense (income) categories and amounts align with the segment-level information that is regularly provided to the CODM:
 
   
Year ended December 31
  
   
2022
    
2023
    
2024
  
   
US$ thousands
  
                   
Sales
    
150,582
      
124,131
      
58,114
  

Raw material and subcontracted manufacturing costs

    
(85,190
)
    
(81,947
)
    
(35,364
)
Payroll & related expenses
    
(25,017
)
    
(21,465
)
    
(19,481
)
Share-based compensation expenses
    
(3,577
)
    
(3,353
)
    
(3,166
)
Subcontractor work
    
(2,329
)
    
(2,681
)
    
(3,747
)
Depreciation costs
    
(2,208
)
    
(2,212
)
    
(1,891
)
Rent
    
(2,207
)
    
(2,150
)
    
(2,121
)
Impairment of goodwill
    
-
      
(25,561
)
    
-
  
Other segment items *
    
(9,921
)
    
(13,151
)
    
(5,304
)
Amortization expense
    
(207
)
    
(285
)
    
(318
)
Financial income, net
    
2,464
      
1,372
      
1,961
  
Income taxes
    
(4,084
)
    
889
      
(2,391
)
Segment net income (loss)
    
18,306
      
(26,413
)
    
(13,708
)
 
  * Other segment items included in Segment net loss includes professional services, consulting and other outside services expenses, travel expenses, insurance, facilities, and other overhead items.