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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 13 – SEGMENT INFORMATION

 

The Company has one operating and reporting segment, that develops, manufactures and markets products for the treatment of carotid artery disease and other vascular disease, including the Company’s proprietary CGuard™ stent platform. The Company’s Chief Operating Decision Maker (“CODM”), who is the CEO evaluates the Company’s performance based on its internal reporting which is consistent with the presentation in the Company’s consolidated financial statements. Accordingly, our CODM uses consolidated net loss to measure segment profit or loss, allocate resources, and assess performance.

 

The CODM examines, within each operational function, the employee salaries including the bonus and share based compensation. In addition, the CODM examines the clinical trials expenses within the research and development operations.

 

   2025   2024 
   Year ended December 31, 
   2025   2024 
Revenues   8,979    7,009 
           
Cost of Revenues:          
Material and Labor   5,200    4,698 
Other cost of revenues   1,130    805 
Total Cost of revenues   6,330    5,503 
           
Research and development (R&D)          
Payroll and Benefits   4,052    2,858 
Share based compensation   2,559    2,412 
Clinical trials   4,488    3,815 
Other R&D   3,904    4,549 
Total Research and development   15,003    13,634 
           
Selling and marketing (S&M)          
Payroll and Benefits   11,346    3,769 
Share based compensation   1,888    1,025 
Other S&M   3,319    1,275 
Total Selling and marketing   16,553    6,069 
           
General and administrative (G&A)          
Payroll and Benefits   6,650    4,221 
Share based compensation   7,667    6,445 
Other G&A   6,390    4,640 
Total General and administrative   20,707    15,306 
           
Financial Income, net;   891    1,557 
Tax Expenses   63    59 
Segment net Loss   (48,786)   (32,005)