| Schedule of Segment Profit or Loss used by the CODM, Adjusted EBITDA |
The table includes the
measure of segment profit or loss used by the CODM, Adjusted EBITDA, as well as significant segment expenses regularly reviewed by the
CODM:
| |
|
Year ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
(1,026 |
) |
|
$ |
(768 |
) |
|
$ |
(1,470 |
) |
| Cost of revenues |
|
|
1,828 |
|
|
|
1,553 |
|
|
|
1,508 |
|
| Gross Margin ($) |
|
|
(802 |
) |
|
|
(785 |
) |
|
|
(38 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development, net |
|
|
28,411 |
|
|
|
25,407 |
|
|
|
25,245 |
|
| Sales and marketing |
|
|
3,445 |
|
|
|
3,046 |
|
|
|
2,966 |
|
| General and administrative |
|
|
5,889 |
|
|
|
6,160 |
|
|
|
5,275 |
|
| Total operating expenses |
|
|
37,745 |
|
|
|
34,613 |
|
|
|
33,486 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stock-based compensation |
|
|
9,658 |
|
|
|
14,255 |
|
|
|
13,361 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating loss |
|
|
(48,205 |
) |
|
|
(49,653 |
) |
|
|
(46,885 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Financial income, net |
|
|
(1,784 |
) |
|
|
(336 |
) |
|
|
(3,385 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
|
(46,421 |
) |
|
|
(49,317 |
) |
|
|
(43,500 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted EBITDA |
|
$ |
(37,861 |
) |
|
$ |
(33,272 |
) |
|
$ |
(32,473 |
) |
| |
|
Year
ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
| GAAP net loss attributable to ordinary shareholders |
|
$ |
(46,421 |
) |
|
$ |
(49,317 |
) |
|
$ |
(43,500 |
) |
| Add: |
|
|
|
|
|
|
|
|
|
|
|
|
| Financial income, net |
|
|
(1,784 |
) |
|
|
(336 |
) |
|
|
(3,385 |
) |
| Depreciation |
|
|
538 |
|
|
|
585 |
|
|
|
557 |
|
| Share-based compensation |
|
|
9,142 |
|
|
|
14,542 |
|
|
|
13,012 |
|
| Warrants to service providers |
|
|
664 |
|
|
|
1,186 |
|
|
|
629 |
|
| Non-recurring expenses related to ATM |
|
|
- |
|
|
|
68 |
|
|
|
214 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Adjusted EBITDA |
|
$ |
(37,861 |
) |
|
$ |
(33,272 |
) |
|
$ |
(32,473 |
) |
|