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Selected Statements of Income Data | 12 Months Ended
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Dec. 31, 2024
Selected Statements of Income Data [Abstract] |
SELECTED STATEMENTS OF INCOME DATA | NOTE 21:- SELECTED STATEMENTS OF INCOME DATA
a. | Research and development costs, net:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Total costs |  | $ | 13,149 |  |  | $ | 13,511 |  |  | $ | 15,960 |
Less - capitalized software costs |  |  | (3,059 | ) |  |  | (3,183 | ) |  |  | (2,650 | )
Research and development, net |  | $ | 10,090 |  |  | $ | 10,328 |  |  | $ | 13,310 |
b. | Selling and marketing expenses:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Salary and related expenses |  | $ | 33,474 |  |  | $ | 31,188 |  |  | $ | 30,078 |
Advertising expenses |  |  | 2,676 |  |  |  | 2,802 |  |  |  | 2,778 |
Cost of share-based payment |  |  | (56 | ) |  |  | (225 | ) |  |  | - |
Others |  |  | 10,763 |  |  |  | 10,735 |  |  |  | 9,244 |
Total selling and marketing expenses |  | $ | 46,857 |  |  | $ | 44,500 |  |  | $ | 42,100 |
c. | General and administrative expenses:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Salary and related expenses |  |  | 21,492 |  |  | $ | 27,425 |  |  | $ | 21,754 |
Consultants |  |  | 5,335 |  |  |  | 4,726 |  |  |  | 4,394 |
Cost of share-based payment |  |  | 2,135 |  |  |  | 4,023 |  |  |  | 1,607 |
Others |  |  | 8,590 |  |  |  | 4,637 |  |  |  | 14,254 |
Total general and administrative expenses |  |  | 37,552 |  |  | $ | 40,811 |  |  | $ | 42,009 |
d. | The following table provides detailed breakdown of the Company’s financial income and expenses:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Financial expenses: |  |  |  |  |  |  |  |  |
Interest expenses on loans and borrowings |  |  | 1,743 |  |  |  | 5,039 |  |  |  | 5,621 |
Interest expenses attributed to leases |  |  | 691 |  |  |  | 964 |  |  |  | 1,116 |
Bank charges, negative foreign exchange differences and other financial expenses |  |  | 2,559 |  |  |  | 3,224 |  |  |  | 2,366 |
|  |  | 4,993 |  |  |  | 9,227 |  |  |  | 9,103 |
Financial income: |  |  |  |  |  |  |  |  |  |  |  |
Interest income attributed to bank deposits |  |  | 305 |  |  |  | 1,166 |  |  |  | 1,856 |
Interest income from deposits, positive foreign exchange differences and other financial income |  |  | 1,087 |  |  |  | 3,735 |  |  |  | 1,307 |
|  |  | 1,392 |  |  |  | 4,901 |  |  |  | 3,163 |
Financial expenses, net |  | $ | 3,601 |  |  | $ | 4,326 |  |  | $ | 5,940 |
e. | Earnings per share:
The following table presents the computation of basic and diluted net earnings per share for the Company:
|  | Year ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |  |
Net income attributable to Magic shareholders |  | $ | 40,470 |  |  | $ | 37,031 |  |  | $ | 36,883 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share - weighted average shares outstanding |  |  | 49,089,044 |  |  |  | 49,095,760 |  |  |  | 49,099,305 |
Effect of dilutive securities |  |  | 42,267 |  |  |  | 2,660 |  |  |  | - |
Diluted earnings per share – adjusted weighted average shares outstanding |  |  | 49,131,311 |  |  |  | 49,098,420 |  |  |  | 49,099,305 |
Basic and diluted net earnings per share |  |  | 0.82 |  |  |  | 0.75 |  |  |  | 0.75 |

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