General form of registration statement for all companies including face-amount certificate companies

Revenues

v3.24.0.1
Revenues
 9 Months Ended
Sep. 30, 2023
Revenues [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.