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Segments and Geographical Information
 6 Months Ended
Jun. 30, 2024
Segments and Geographical Information [Abstract]  
SEGMENTS AND GEOGRAPHICAL INFORMATION
NOTE 7: - SEGMENTS AND GEOGRAPHICAL INFORMATION

 

Commencing January 1, 2020 the Company presents its business operations in three reportable segments, consisting of the RFID segment, Supply Chain Solutions segment and the Intelligent Robotics segment.

 

The Company’s management makes financial decisions and allocates resources, based on the information it receives from its internal management system. The Company allocates resources and assesses performance for each operating segment using information about revenues and gross profit.

 

  a. Information about the operating segments for the six months ended June 30, 2024 and 2023 is as follows:

 

   RFID  

Supply

Chain
Solutions

   Intelligent
Robotics		   Intercompany   Consolidated 
                     
Six months ended June 30, 2024:                    
                     
Revenues  $6,662   $12,687   $401   $(16)  $19,734 
                          
Gross profit  $1,620   $2,988   $150   $
-
   $4,758 
                          
Allocated operating expenses  $1,103   $1,683   $122   $
-
   $2,908 
                          
Unallocated operating expenses   
-
    
-
    
-
    
-
   $345 
                          
Operating Income (loss)  $517   $1,305   $28   $
-
   $1,505 
                          
Financial expenses   
-
    
-
    
-
    
-
   $(262)
                          
Net Income before tax   
-
    
-
    
-
    
-
   $1,243 
                          
Tax on income   
-
    
-
    
-
    
-
   $1 
                          
Net Income   
-
    
-
    
-
    
-
   $1,242 

 

   RFID  

Supply

Chain
Solutions

   Intelligent
Robotics		   Intercompany   Consolidated 
                     
Six months ended June 30, 2023:                    
                     
Revenues  $6,948   $15,350   $1,257   $(77)  $23,478 
                          
Gross profit  $1,796   $3,253   $20   $
-
   $5,069 
                          
Allocated operating expenses  $1,097   $1,859   $130   $
-
   $3,086 
                          
Unallocated operating expenses   
-
    
-
    
-
    
-
   $374 
                          
Operating Income (loss)  $699   $1,394   $(110)  $
-
   $1,609 
                          
Financial expenses   
-
    
-
    
-
    
-
   $(343)
                          
Net Income before tax   
-
    
-
    
-
    
-
   $1,266 
                          
Tax on income   
-
    
-
    
-
    
-
   $
-
 
                          
Net Income   
-
    
-
    
-
    
-
   $1,266 

 

  b. The following presents total revenues for the six months ended June 30, 2024 and 2023 based on the location of customers:

 

   June 30, 
   2024   2023 
   Unaudited 
         
Israel  $18,041   $19,765 
Far East   54    707 
India   796    1,060 
Europe   463    838 
United States   377    1,080 
Others   3    28 
           
   $19,734   $23,478