Annual report [Section 13 and 15(d), not S-K Item 405]

Revenue (Tables)

v3.26.1
Revenue (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue [Abstract]  
Schedule of Disaggregated Revenues

The following table presents our disaggregated revenues by type, timing and geographical region.

 

    Years Ended
December 31,		  
(dollars in thousands)   2025     2024  
Type of Revenue            
Product revenue   $ 34,583     $ 2,796  
Service revenue     10,241       2,492  
Development revenue     5,907       1,905  
Total revenues     50,731       7,193  
                 
Timing of Revenue                
Revenue recognized point in time   $ 41,779     $ 4,496  
Revenue recognized over time     8,952       2,697  
Total revenue   $ 50,731     $ 7,193  
                 
Geographical region                
Israel   $ 30,844     $ 4,284  
Germany     6,583      
-
  
United Arab Emirates     3,893       753  
United States     1,570       1,827  
Other Countries     7,841       329  
Total revenues   $ 50,731     $ 7,193  
Schedule of Contract Assets and Liabilities The table below details the activity in our contract assets during the years ended December 31, 2025 and 2024.
    December 31,  
(dollars in thousands)   2025     2024  
Balance at beginning of period   $ 206     $ 819  
Contract assets recognized     8,476       323  
Reclassification to Accounts receivable, net     (5,511 )     (936 )
Balance at end of period   $ 3,171     $ 206  
The table below details the activity in our contract liabilities during the years ended December 31, 2025 and 2024.
    December 31,  
(dollars in thousands)   2025     2024  
Balance, beginning of year   $ 329     $ 277  
Contract liabilities acquired in business combinations     7,374      
-
  
Additions     9,542       1,596  
Transfer to revenue     (8,744 )     (1,439 )
Transfer to general and administrative expense    
-
       (105 )
Balance, end of year   $ 8,501     $ 329