Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Revenue

v3.26.1
Revenue
 12 Months Ended
Dec. 31, 2025
Revenue [Abstract]  
REVENUE

NOTE 3:- REVENUE

 

Disaggregation of Revenues

 

    Year ended December 31,  
    2025     2024     2023  
    Revenue     % of Revenue     Revenue     % of Revenue     Revenue     % of Revenue  
Revenue by geography:                                    
Sweden   $ 747       72.8 %   $ 224       29.2 %   $ 247       16.8 %
USA     204       19.9 %     220       28.6 %     148       10.1 %
China (excluding Hong Kong)     6       0.6 %     254       33.1 %     639       43.5 %
Hong Kong     16       1.5 %    
-
      
-
       266       18.1 %
Germany    
-
      
-
       20       2.6 %     81       5.5 %
Israel     53       5.2 %     50       6.5 %     50       3.4 %
Other    
-
      
-
      
-
      
-
       39       2.6 %
Total revenue   $ 1,026       100 %   $ 768       100 %   $ 1,470       100 %

 

Revenue disaggregated by geography for the years ended December 31, 2025, 2024 and 2023, based on the billing address of the Company’s customers, consists of the following:

 

Remaining Performance Obligation

 

The Company’s remaining performance obligations are comprised of product and services revenue not yet performed. As of December 31, 2025 and 2024 the aggregate amount of the transaction price allocated to remaining performance obligations was $257 and $290, respectively. The Company expects to recognize 2025 remaining performance obligations as revenue during 2026.

 

Major Customers:

 

During the year ended December 31, 2025, the Company had two customers that accounted for 72.85% and 16.03%, respectively, of revenues.

 

During the year ended December 31, 2024, the Company had four customers that accounted for 19.5%, 18.4%, 16.9% and 14.5%, respectively, of revenues.

 

During the year ended December 31, 2023, the Company had three customers that accounted for 38.9%, 18.1% and 12.7%, respectively, of revenues.

 

No other customer accounted for 10% or more of revenues in 2025, 2024 or 2023. The 10% customers were different customers in each of 2025, 2024 and 2023.