Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.23.3
Revenues
 9 Months Ended
Sep. 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
September 30,		     Nine months ended
September 30,		  
    2023     2022     2023     2022  
North America   $ 454     $ 621     $ 1,863     $ 3,275  
Europe, the Middle East and Africa     371       655       2,274       2,648  
Asia Pacific     20       72       452       374  
    $ 845     $ 1,348     $ 4,589     $ 6,297  

 

b. Revenues from contract liability:

 

    September 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     (494 )     (593 )
Additions     232       568  
Remaining performance obligations   $ 386     $ 648  

 

As of September 30, 2023, the aggregate amount of the transaction price allocated to the remaining performance obligation is $386, and the Company will recognize this revenue over the next 8 months.

 

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

 

    Three months ended
September 30, 2023		     Nine months ended
September 30, 2023		  
Customer A (*)     2%     $ 20       20%     $ 920  
Customer B (*)     24%     $ 201       11%     $ 510  
Customer C (*)     2%     $ 20       10%     $ 469  
Customer D     10%     $ 80       4%     $ 171  

 

    Three months ended
September 30, 2022		     Nine months ended
September 30, 2022		  
Customer A (*)     41%     $ 535       33%     $ 2,180  
Customer B     4%     $ 58       17%     $ 1,089  
Customer C     11%     $ 146       13%     $ 785  

 

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

 

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