Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.24.2.u1
Revenues
 6 Months Ended
Jun. 30, 2024
Revenues [Abstract]  
REVENUES

NOTE 9 - 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:

 

    Six months ended
June 30,		     Three months ended on
June 30		  
    2024     2023     2024     2023  
North America   $ 3,464     $ 1,409     $ 3,075     $ 784  
Europe, the Middle East and Africa     667       1,903       332       932  
Asia Pacific     27       432       25       180  
    $ 4,158     $ 3,744     $ 3,431     $ 1,896  

 

b. Revenues from contract liability:

 

    Six months
ended		     Year ended,  
    June 30,     December 31,  
    2024     2023  
Opening balance     460       648  
Revenue recognized that was included in the contract liability balance at the beginning of the period     (364 )     (544 )
Additions     155       356  
Remaining performance obligations     251       460  

 

As of June 30, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligation is $251, and the Company will recognize this revenue over the next 30 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		     Three months ended
June 30, 2024		  
Customer A    
-
      
-
       63 %   $ 2,152  
Customer B     8 %   $ 143       2 %   $ 61  
Customer C     16 %   $ 305       1 %   $ 29  
Customer D     11 %   $ 199       3 %   $ 92  
Customer E     11 %   $ 196       0.3 %   $ 9  

 

    Six months ended
June 30, 2023		     Six months ended
June 30, 2024		  
Customer A  
-
    
-
     52 %   $ 2,152  
Customer B     25 %   $ 917       2 %   $ 97  
Customer C     8 %   $ 305       4 %     171  
Customer D     8 %   $ 309       4 %   $ 153  
Customer E     7 %   $ 270       0.4 %   $ 18  

 

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