Quarterly report pursuant to Section 13 or 15(d)

Entity Wide Information and Disagregated Revenues

v3.23.1
Entity Wide Information and Disagregated Revenues
 3 Months Ended
Mar. 31, 2023
Entity Wide Information and Disagregated Revenues [Abstract]  
ENTITY WIDE INFORMATION AND DISAGREGATED REVENUES

NOTE 13 – ENTITY WIDE INFORMATION AND DISAGREGATED REVENUES:

 

The Company operates as one operating segment (developing and marketing access broadband equipment for copper and fiber networks).

 

a. Geographic information:

 

The following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers:

 

    Three months Ended
March 31		  
    2023     2022  
North America     625       568  
Europe, the Middle East and Africa     971       1,203  
Asia Pacific     252       97  
      1,848       1,868  

 

b. Revenues from contract liability:

 

    March 31,
2023		     December 31, 2022  
Opening balance   $ 648     $ 673  
Revenue recognized that was included in the contract liability balance at the beginning of the year     (141 )     (593 )
Additions     106       568  
Remaining performance obligations   $ 613     $ 648  

 

As of March 31, 2023, the aggregate amount of the transaction price allocated to the remaining performance obligation is $613, and the Company will be recognized this revenue over the next 14 months.

 

c. The Company’s long-lived assets are located as follows:

 

Property and Equipment, net:

 

   

March 31,
2023

    

December 31,
2022

  
Israel   $ 72     $ 75  
North America     4       5  
    $ 76     $ 80  

 

Operating lease right of use assets:

 

   

March 31,
2023

    

December 31,
2022

  
Israel   $ 150     $ 260  
North America     398       466  
    $ 548     $ 726  

 

d. Customers representing 10% or more of net revenues and the amount of revenues recognized are as follows:

 

    Three months ended
March 31, 2023		  
Customer A     (*)42 % $ 774  

 

    Three months ended
March 31, 2022		  
Customer A     59%   $ 1,114  

 

(*) Included in Europe, the Middle East and Africa.

 

The majority of the Company’s revenues are recognized at a point in time.