Quarterly report pursuant to Section 13 or 15(d)

Revenues

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Revenues
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
REVENUES

NOTE 13 - REVENUES:

 

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

 

a. Geographic information:

 

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
June 30,		     Six months ended
June 30,		  
    2023     2022     2023     2022  
North America   $ 784     $ 2,086     $ 1,409     $ 2,654  
Europe, the Middle East and Africa     932       790       1,903       1,993  
Asia Pacific     180       205       432       302  
    $ 1,896     $ 3,081     $ 3,744     $ 4,949  

 

b. Revenues from contract liability:

 

    June 30,
2023		     December 31,
2022		  
Opening balance   $ 648     $         673  
Revenue recognized that was included in the contract liability balance at the beginning of the year     (400 )     (593 )
Additions     245       568  
Remaining performance obligations   $ 493     $ 648  

 

As of June 30, 2023, the aggregate amount of the transaction price allocated to the remaining performance obligation is $493, and the Company will recognize this revenue over the next 11 months.

 

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

 

    Three months ended
June 30, 2023		     Six months ended
June 30, 2023		  
Customer A (*)     8 %     $ 143       25 %     $ 917  
Customer B (*)     16 %     $ 305       8 %     $ 305  
Customer C (*)     11 %     $ 199       8 %     $ 309  
Customer D (*)     11 %     $ 196       7 %     $ 270  

 

    Three months ended
June 30, 2022		     Six months ended
June 30, 2022		  
Customer A     34 %     $ 999       34 %     $ 1,644  
Customer B (*)     18 %     $ 530       21 %     $ 999  
Customer C     17 %     $ 506       13 %     $ 639  

 

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

 

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