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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
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 equipment7
Furniture and equipment
7– 15
Leasehold improvements*
*Over the shorter of the expected lease term or estimated useful lives.
December 31, 2024December 31, 2023
Manufacturing equipment$585 $582 
Furniture and equipment10,410 10,461 
Leasehold improvements8,043 7,465 
Computers and software37,993 30,641 
57,031 49,149 
Less—accumulated depreciation(40,036)(33,253)
$16,995 $15,896 
Weighted-Average Assumptions For Options Granted to Employees and Non-Employees
The Company used the following weighted-average assumptions for options granted to employees and non-employees:

Year ended December 31,
202420232022
Contractual period in years101010
Volatility
45.9% - 53.8%
50.3% - 51.8%
43.2% - 51.9%
Risk free interest rate
3.8% - 4.4%
 3.7% - 4.5%
2.0% - 4.2%
Dividend yield
0%
0%
0%
Exercise price
$9.25 - $17.81
 $4.95 - $7.99
$4.79 - $6.60
Fair value of Ordinary Share
$9.25 - $17.81
 $4.95 - $7.99
$4.79 - $6.60
Expected term6.116.116.11

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,
202420232022
Volatility
35.7%-38.7%
39.7%-50.5%
50.5%-74.3%
Expected term
6 months
6 months
5-6 months
Risk-free interest rate
4.4%-5.3%
4.2%-5.1%
1.8%-4.2%
Share price
$10.44-$20.36
$4.69-$8.42
$4.69-$5.25
Dividend yield0%0%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 name4
 Facility clearance15
Customer relationship
10 - 12
Backlog1.5
Note 4. Intangible assets, net
Finite-lived intangible assets:
December 31, 2024December 31, 2023
Original amounts:
Core technology$18,200 $15,950 
Trade name3,900 3,900 
Facility clearance1,396 — 
Customer relationship543 177 
Backlog49 — 
24,088 20,027 
Accumulated amortization:
Core technology8,754 5,657 
Trade name3,900 3,738 
Facility clearance43 — 
Customer relationship70 38 
Backlog15 — 
12,782 9,433 
Intangible assets, net
$11,306 $10,594 
a. Amortization expense amounted to $3,349, $3,347 and $2,826 for the years ended December 31, 2024, 2023 and 2022, 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,
 20242023
EMEA$19,585 $20,691 
Americas7,147 8,024 
APAC$867 $1,441 
Total long-lived assets$27,599 $30,156 
See Note 21 for additional information.