Quarterly report pursuant to Section 13 or 15(d)

Entity Wide Information and Disagregated Revenues

v3.22.2
Entity Wide Information and Disagregated Revenues
6 Months Ended
Jun. 30, 2022
Entity Wide Information and Disagregated Revenues [Abstract]  
ENTITY WIDE INFORMATION AND DISAGREGATED REVENUES

NOTE 11 - 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:

 

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,
 
    2022     2021     2022     2021  
North America   $ 2,086     $ 1,723     $ 2,654     $ 2,742  
Europe, the Middle East and Africa     790       998       1,993       1,438  
Asia Pacific     205       306       302       393  
    $ 3,081     $ 3,027     $ 4,949     $ 4,573  

 

b. Revenues from contract liability:

 

    June 30,
2022
    December 31,
2021
 
Opening balance   $ 673     $ 581  
Revenue recognized that was included in the contract liability balance at the beginning of the period     (241 )     (452 )
Additions     468       544  
Remaining performance obligations   $ 900     $ 673  

 

The Company’s remaining performance obligations will be completed by May 31, 2024.

 

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

 

Property and Equipment, net:

 

    June 30,
2022
    December 31, 2021  
Israel   $ 96     $ 101  
North America     3       2  
    $ 99     $ 103  

 

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

 

    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  

 

    Three months ended
June 30, 2021
    Six months ended
June 30, 2021
 
Customer A     19 %   $ 436       20 %   $ 705  
Customer B (*)     18 %   $ 407       15 %   $ 526  
Customer C     14 %   $ 308       12 %   $ 440  
Customer D     12 %   $ 266      
-
     
-
 

 

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

 

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