Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Property and Equipment

Depreciation is calculated by the straight-line method over the estimated useful lives of the assets, at the following annual rates:

	%
Computers and software	12.5 – 33
Manufacturing equipment	7
Office furniture and equipment	7– 15
Leasehold improvements	*

*Over the shorter of the expected lease term or estimated useful lives.

	December 31, 2022		December 31, 2021
Manufacturing equipment	$	546	$	526
Furniture and equipment	10,203		8,294
Leasehold improvements	6,674		6,637
Computers and software	27,140		22,735
	44,563		38,192
Less—accumulated depreciation	(27,304)		(21,436)
	$	17,259	$	16,756

Weighted-Average Assumptions For Options Granted to Employees and Non-Employees

The Company used the following weighted-average assumptions for options and RSUs granted to employees and non-employees:

	Year ended December 31,
	2022	2021	2020
Contractual period in years	10	10	10
Volatility	43.2% - 51.9%	35.9% - 52.7%	45.1% - 50.2%
Risk free interest rate	2.0% - 4.2%	1.3% - 1.4%	0.1% - 1.0%
Dividend yield	0%	0% - 5%	0% - 5%
Exercise price	$0.00 - $6.60	$0.00 - $8.27	$2.39 - $5.19
Fair value of Ordinary Share	$4.79 - $6.60	$5.41 - $8.27	$1.95 - $5.19
Expected term	6.11	6.11	6.11

The fair value of ESPP was estimated on the grant date using Monte Carlo valuation methodology with the following weighted average assumptions:

	Year Ended December 31,
	2022
Volatility	50.48%-74.32%
Expected term	5-6 months
Risk-free interest rate	1.75%-4.24%
Share price	$4.69-$5.25
Dividend yield	0%

Schedule of Finite-Lived Intangible Assets

Intangible assets are amortized over their estimated useful lives using the straight-line method, at the following annual period ranges:

	Years
Core technology	4- 7
Trade name	4
Customer relationship	10

Definite-lived intangible assets:

	December 31, 2022		December 31, 2021
Original amounts:
Core technology	$	13,263	$	10,411
Trade name	3,900		3,900
Customer relationship	177		177
	17,340		14,488
Accumulated amortization:
Core technology	3,303		1,470
Trade name	2,763		1,788
Customer relationship	20		2
	6,086		3,260
Intangible assets, net
	$	11,254	$	11,228

a. Amortization expense amounted to $2,826, $1,971 and $1,289 for the years ended December 31, 2022, 2021 and 2020, respectively.

Long-Lived Assets by Geographic Areas

The following table presents the Company’s long-lived assets by geographic region, which consist of property and equipment, net and operating lease right-of-use assets:

	December 31,
		2022		2021
EMEA		$	26,595	$	12,859
Americas		5,712		3,468
APAC		605		429
Total long-lived assets		$	32,912	$	16,756