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Selected Statements of Income Data
 12 Months Ended
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