Report of foreign issuer [Rules 13a-16 and 15d-16]

Revenue

v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue [Abstract]  
REVENUE

NOTE 3: - REVENUE

 

Disaggregation of Revenues

 

Revenue disaggregated by geography for the six months ended June 30, 2026 and 2025, based on the billing address of the Company’s customers, consists of the following:

 

    Six Months Ended June 30,  
    2026     2025  
    Revenue     % of
Revenue		     Revenue     % of
Revenue		  
Revenue by geography:                        
Israel   $ 464       39.9 %   $ -       - %
China (excluding Hong Kong)     400       34.3 %     -       - %
Sweden     195       16.8 %     180       57.3 %
USA     105       9 %     118       37.6 %
Hong Kong     -       -       16       5.1 %
Total revenue   $ 1,164       100 %   $ 314       100 %

 

Revenue is derived from chipsets (74%) and professional services (26%).

 

Remaining Performance Obligation

 

The Company’s remaining performance obligations are comprised of product and services revenue not yet performed. As of June 30, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,000 , which the Company expects to recognize as revenue over the next months.

 

Major Customers:

 

During the six months ended June 30, 2026, the Company had four customers that accounted for 37.8%, 34.4%, 16.8% and 9%, respectively, of revenues.

 

During the six months ended June 30, 2025, the Company had two customers that accounted for 57.4% and 37.5%, respectively, of revenues.

 

No other customer accounted for 10% or more of revenues in six months ended June 30, 2026 or 2025. The 10% customers were different customers in each of 2026 and 2025.