Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.24.3
Revenues
 9 Months Ended
Sep. 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:

 

Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers:

 

    Nine months ended
September 30,		     Three months ended
September 30,		  
    2024     2023     2024     2023  
North America     5,316     $ 1,863       1,854     $ 454  
Europe, the Middle East and Africa     1,282       2,274       614       371  
Asia Pacific     100       452       73       20  
      6,698     $ 4,589     $ 2,541     $ 845  

 

b. Revenues from contract liability:

 

    Nine months ended,
September 30,
2024		     Year ended,
December 31,
2023		  
Opening balance     460       648  
Revenue recognized that was included in the contract liability balance at the beginning of the year     (607 )     (544 )
Additions     584       356  
Remaining performance obligations     437       460  

 

As of September 30, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligation is $437, and the Company will recognize this revenue over the next 51 months.

 

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

 

    Three months ended
September 30, 2024		     Nine months ended
September 30, 2024		  
Customer A     45 %   $ 1,143       18 %   $ 1,205  
Customer B     2 %   $ 51       34 %   $ 2,227  
Customer C     10 %   $ 254       6 %   $ 401  

 

    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  

 

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