SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Options Granted

The following tables is a summary of stock option activity for the year ended on December 31, 2023 :

	Year ended December 31
	2023
				Weighted
	Number			Average
	of			Exercise
	Options			Price*
Outstanding at beginning of year		2,553,640		$	5.30
Changes during the year:
Granted		-			-
Exercised		(915,145	)		5.92
Forfeited		-			-
Expired		-			-
Outstanding at end of year		1,638,495		$	4.96
Exercisable at end of year		1,638,495		$	4.96
* In U.S. dollars per Ordinary Share

Schedule of Outstanding and Exercisable Options

The following tables summarize information concerning outstanding and exercisable options as of December 31, 2023:

 

Options outstanding and exercisable
Exercise Prices *		Number of options Outstanding and exercisable at end of year		Weighted average remaining contractual life
$	0.28		361,993		0.42
$	0.29		203,438		0.42
$	3.16		149,948		1.71
$	3.75		211,173		2.02
$	5.11		70,756		2.26
$	7.00		41,000		2.61
$	9.85		565,129		3.18
$	12.16		28,558		3.35
$	21.62		6,500		3.86

* In U.S. dollars per Ordinary Share.

Schedule of Share Based Compensation Expense

 

	Year ended December 31
	2023		2022		2021
Cost of sales		2,046		1,917		1,108
Research and development expenses		2,652		3,166		1,554
Selling and marketing expenses		17,167		17,302		8,274
General and administrative expenses		1,735		2,067		1,026
		23,600		24,452		11,962

Restricted Stock Units (RSUs) [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Options Granted

The following tables summarize information concerning RSUs as of December 31, 2023 :

 

	Year ended December 31
	2023
				Weighted
	Number			Average
	of			Grant Date
	RSUs			Fair Value
Outstanding at beginning of year		804,575			45.74
Changes during the year:
Granted		706,560			34.44
Vested		(522,326	)		43.33
Forfeited		(52,760	)		37.21
Outstanding at end of year *		936,049			39.04

* As of December 31, 2023, 275,249 RSUs were vested and were settled by issuance of respective shares at the beginning of January 2024.