XML 64 R44.htm IDEA: XBRL DOCUMENT v3.25.1
CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Financial Data for Reportable Operating Segments
   
Year ended December 31, 2024
 
   
Satellite
Networks
   
Integrated
Solutions
   
Network Infrastructure
and Services
   
Total
 
                         
Revenues
 
$
198,174
   
$
54,925
   
$
52,349
   
$
305,448
 
Cost of Revenues
   
114,018
     
38,220
     
39,879
     
192,117
 
Gross profit
   
84,156
     
16,705
     
12,470
     
113,331
 
                                 
Research and development expenses, net
   
28,684
     
9,452
     
-
     
38,136
 
Selling and marketing expenses
   
22,916
     
2,304
     
2,161
     
27,381
 
General and administrative expenses
   
15,243
     
4,765
     
6,860
     
26,868
 
Other operating expenses (income), net *)
   
1,877
     
631
     
(9,259
)    
(6,751
)
                                 
Operating income (loss)
   
15,436
     
(447
)    
12,708
     
27,697
 
Financial income, net
                           
1,504
 
Income before taxes on income
                           
29,201
 
Taxes on income
                           
(4,352
)
Net income
                         
$
24,849
 
                                 
Depreciation and amortization expenses
 
$
9,082
   
$
2,712
   
$
1,760
   
$
13,554
 
 
   
Year ended December 31, 2023
 
   
Satellite
Networks
   
Integrated
Solutions
   
Network Infrastructure
and Services
   
Total
 
                         
Revenues
 
$
168,527
   
$
46,133
   
$
51,430
   
$
266,090
 
Cost of Revenues
   
79,984
     
34,651
     
46,510
     
161,145
 
Gross profit
   
88,543
     
11,482
     
4,920
     
104,945
 
                                 
Research and development expenses, net
   
30,415
     
10,758
     
-
     
41,173
 
Selling and marketing expenses
   
21,316
     
2,292
     
1,635
     
25,243
 
General and administrative expenses
   
6,818
     
5,231
     
7,166
     
19,215
 
Other operating income, net *)
   
(6,162
)
   
-
     
(2,609
)
   
(8,771
)
                                 
Operating income (loss)
   
36,156
     
(6,799
)
   
(1,272
)
   
28,085
 
Financial income, net
                           
109
 
Income before taxes on income
                           
28,194
 
Taxes on income
                           
(4,690
)
Net income
                         
$
23,504
 
                                 
Depreciation and amortization expenses
 
$
6,286
   
$
3,124
   
$
3,992
   
$
13,402
 

 

         
Year ended December 31, 2022
 
   
Satellite
Networks
   
Integrated
Solutions
   
Network Infrastructure
and Services
   
 
Unallocated
   
Total
 
                               
Revenues
 
$
120,381
   
$
61,376
   
$
58,083
  $ -    
$
239,840
 
Cost of Revenues
   
63,463
     
43,742
     
45,727
    -      
152,932
 
Gross profit
   
56,918
     
17,634
     
12,356
    -      
86,908
 
                            -          
Research and development expenses, net
   
26,045
     
9,595
     
-
    -      
35,640
 
Selling and marketing expenses
   
18,043
     
2,068
     
1,583
    -      
21,694
 
General and administrative expenses
   
7,068
     
5,212
     
6,132
    -      
18,412
 
Other operating expenses, net *)
   
438
     
-
     
-
    -      
438
 
Impairment of held for sale asset
   
-
     
-
     
-
     
771
     
771
 
                                         
Operating income (loss)
   
5,324
     
759
     
4,641
     
(771
)
   
9,953
 
Financial expenses, net
                                   
(2,818
)
Income before taxes on income
                                   
7,135
 
Taxes on income
                                   
(13,063
)
Net loss
                                 
$
(5,928
)
                                         
Depreciation and amortization expenses
 
$
5,009
   
$
3,093
   
$
3,506
    $ -    
$
11,608
 
 
*) See Note 14
Schedule of Revenues by Geographic Area
   
Year ended December 31,
 
   
2024
   
2023
   
2022
 
                   
United States
 
$
145,780
   
$
103,389
   
$
96,954
 
Peru
   
52,383
     
53,187
     
58,251
 
Israel
   
15,386
     
4,074
     
2,570
 
Others
   
91,899
     
105,440
     
82,065
 
                         
   
$
305,448
   
$
266,090
   
$
239,840
 
Schedule of Long-Lived Assets by Geographic Area
   
December 31,
 
   
2024
   
2023
 
             
Israel
 
$
57,413
   
$
59,141
 
United States
   
9,046
     
9,085
 
Peru
   
5,011
     
5,806
 
Others
   
5,920
     
5,388
 
                 
   
$
77,390
   
$
79,420
 
Schedule of Revenues from Major Customers
   
Year ended December 31,
 
   
2024
   
2023
   
2022
 
Customer A – Network Infrastructure and Services
   
15
%
   
15
%
   
21
%
Customer B – Satellite Networks
   
12
%
   
14
%
   
*
)
Customer C – Satellite Networks
   
11
%
   
15
%
   
*
)
 
*) Less than 10%