Kaltura (KLTR) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Entity Central Index Key	0001432133
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		149,695,319
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Emerging Growth Company	true
Entity Small Business	false
Entity Filer Category	Accelerated Filer
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Security Exchange Name	NASDAQ
Trading Symbol	KLTR
Title of 12(b) Security	Common stock
Local Phone Number	290-5445
City Area Code	646
Entity Address, Postal Zip Code	10003
Entity Address, State or Province	NY
Entity Address, City or Town	New York
Entity Address, Address Line Two	3rd Floor
Entity Address, Address Line One	860 Broadway
Entity Tax Identification Number	20-8128326
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	Kaltura, Inc.
Entity File Number	001-40644
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Quarterly Report	true
Document Type	10-Q

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 36,840	$ 36,684
Marketable securities	40,873	32,692
Trade receivables	22,646	23,312
Prepaid expenses and other current assets	7,916	8,410
Deferred contract acquisition and fulfillment costs, current	10,274	10,636
Total current assets	118,549	111,734
LONG-TERM ASSETS:
Marketable securities	2,229	5,844
Property and equipment, net	17,062	20,113
Other assets, noncurrent	2,916	3,100
Deferred contract acquisition and fulfillment costs, noncurrent	13,766	17,314
Operating lease right-of-use assets	12,659	13,872
Intangible assets, net	332	689
Goodwill	11,070	11,070
Total noncurrent assets	60,034	72,002
TOTAL ASSETS	178,583	183,736
CURRENT LIABILITIES:
Current portion of long-term loans	2,499	1,612
Trade payables	5,819	3,629
Employees and payroll accruals	12,005	12,651
Accrued expenses and other current liabilities	20,138	17,279
Operating lease liabilities, current	2,448	2,374
Deferred revenue, current	63,214	62,364
Total current liabilities	106,123	99,909
LONG-TERM LIABILITIES:
Deferred revenue, noncurrent	78	369
Long-term loans, net of current portion	30,481	33,047
Operating lease liabilities, noncurrent	15,652	17,796
Other liabilities, noncurrent	2,108	2,295
Total long-term liabilities	48,319	53,507
TOTAL LIABILITIES	154,442	153,416
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value per share, 20,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 0 shares issued and outstanding as of September 30, 2024, and December 31, 2023	0	0
Common stock, $0.0001 par value per share, 1,000,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 159,090,120 and 150,274,107 shares issued as of September 30, 2024 and December 31, 2023, respectively; 149,646,001 and 142,588,917 shares outstanding as of September 30, 2024 and December 31, 2023, respectively	15	14
Treasury stock – 9,444,119 and 7,685,190 shares of common stock, $0.0001 par value per share, as of September 30, 2024 and December 31, 2023	(7,114)	(4,881)
Additional paid-in capital	493,148	471,635
Accumulated other comprehensive income	297	1,047
Accumulated deficit	(462,205)	(437,495)
Total stockholders' equity	24,141	30,320
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 178,583	$ 183,736

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001
Preferred stock, shares authorized (in shares)	20,000,000
Preferred stock, shares issued (in shares)	0
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000
Common stock, shares issued (in shares)	159,090,120	150,274,107
Common stock, shares outstanding (in shares)	149,646,001	142,588,917
Treasury Shares Par Value Per Share	$ 0.0001
Treasury Stock, Common, Shares	9,444,119	7,685,190

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Total revenue	$ 44,295,000	$ 43,542,000	$ 133,108,000	$ 130,694,000
Cost of revenue:
Total cost of revenue	14,754,000	15,843,000	46,283,000	47,107,000
Gross profit	29,541,000	27,699,000	86,825,000	83,587,000
Operating expenses:
Research and development	12,427,000	12,558,000	36,460,000	39,663,000
Sales and marketing	11,830,000	11,683,000	35,421,000	36,489,000
General and administrative	9,750,000	11,767,000	35,250,000	36,298,000
Restructuring Charges	0	5,000	0	973,000
Total operating expenses	34,007,000	36,013,000	107,131,000	113,423,000
Operating loss	4,466,000	8,314,000	20,306,000	29,836,000
Financial income, net	(2,160,000)	(95,000)	(1,672,000)	(3,047,000)
Loss before provision for income taxes	2,306,000	8,219,000	18,634,000	26,789,000
Provision for income taxes	1,304,000	2,507,000	6,076,000	7,510,000
Net loss	$ 3,610,000	$ 10,726,000	$ 24,710,000	$ 34,299,000
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ 0.02	$ 0.08	$ 0.17	$ 0.25
Weighted Average Number Basic Shares Outstanding Adjustment, Pro Forma	149,306,274
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	149,306,274	139,186,364	147,074,320	137,033,800
Subscription
Revenue:
Total revenue	$ 42,085,000	$ 40,847,000	$ 124,267,000	$ 121,962,000
Cost of revenue:
Total cost of revenue	10,437,000	11,004,000	32,699,000	33,106,000
Professional services
Revenue:
Total revenue	2,210,000	2,695,000	8,841,000	8,732,000
Cost of revenue:
Total cost of revenue	$ 4,317,000	$ 4,839,000	$ 13,584,000	$ 14,001,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ 3,610	$ 10,726	$ 24,710	$ 34,299
Other comprehensive income (loss):
Net unrealized gains (losses) on cash flow hedges	567	(445)	(768)	(536)
Net unrealized gains on available-for-sale marketable securities	113	24	18	155
Other comprehensive income (loss)	680	(421)	(750)	(381)
Comprehensive loss	$ 2,930	$ 11,147	$ 25,460	$ 34,680

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock	Additional Paid-in Capital	Accumulated other comprehensive loss	Retained Earnings	Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury Stock, Common, Shares						7,685,190
Class of Stock [Line Items]
Treasury Stock, Common, Shares						7,685,190
Total stockholders’ equity	$ 43,346,000	$ 13,000	$ 439,644,000	$ (301,000)	$ (391,129,000)	$ (4,881,000)
Common stock, shares outstanding (in shares)		134,564,429
Beginning balance (in shares) at Dec. 31, 2022		134,564,429
Beginning balance at Dec. 31, 2022	43,346,000	$ 13,000	439,644,000	(301,000)	(391,129,000)	(4,881,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		5,710,660
Stock Issued During Period, Value, Employee Stock Ownership Plan	1,040,000	$ 0	1,040,000
Other comprehensive income (loss)	(381,000)			(381,000)
Net loss	(34,299,000)				(34,299,000)
Ending balance (in shares) at Sep. 30, 2023		140,275,089
Ending balance at Sep. 30, 2023	32,177,000	$ 13,000	463,155,000	(682,000)	(425,428,000)	$ (4,881,000)
Class of Stock [Line Items]
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	22,471,000		22,471,000
Issuance of common stock upon exercise of stock options (in shares)		5,710,660
Stock Issued During Period, Value, Employee Stock Ownership Plan	1,040,000	$ 0	1,040,000
Other comprehensive income (loss)	(381,000)			(381,000)
Net loss	(34,299,000)				(34,299,000)
Treasury Stock, Common, Shares						7,685,190
Treasury Stock, Common, Shares						7,685,190
Total stockholders’ equity	35,523,000	$ 13,000	455,354,000	(261,000)	(414,702,000)	$ (4,881,000)
Common stock, shares outstanding (in shares)		137,793,478
Beginning balance (in shares) at Jun. 30, 2023		137,793,478
Beginning balance at Jun. 30, 2023	35,523,000	$ 13,000	455,354,000	(261,000)	(414,702,000)	(4,881,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		2,481,611
Stock Issued During Period, Value, Employee Stock Ownership Plan	289,000	$ 0	289,000
Other comprehensive income (loss)	(421,000)			(421,000)
Net loss	(10,726,000)				(10,726,000)
Ending balance (in shares) at Sep. 30, 2023		140,275,089
Ending balance at Sep. 30, 2023	32,177,000	$ 13,000	463,155,000	(682,000)	(425,428,000)	$ (4,881,000)
Class of Stock [Line Items]
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	7,512,000		7,512,000
Issuance of common stock upon exercise of stock options (in shares)		2,481,611
Stock Issued During Period, Value, Employee Stock Ownership Plan	289,000	$ 0	289,000
Other comprehensive income (loss)	(421,000)			(421,000)
Net loss	(10,726,000)				(10,726,000)
Treasury Stock, Common, Shares						7,685,190
Treasury Stock, Common, Shares						7,685,190
Total stockholders’ equity	$ 32,177,000	$ 13,000	463,155,000	(682,000)	(425,428,000)	$ (4,881,000)
Common stock, shares outstanding (in shares)		140,275,089
Treasury Stock, Common, Shares	7,685,190					7,685,190
Treasury Stock, Common, Shares	7,685,190					7,685,190
Total stockholders’ equity	$ 30,320,000	$ 14,000	471,635,000	1,047,000	(437,495,000)	$ (4,881,000)
Common stock, shares outstanding (in shares)	142,588,917	142,588,917
Beginning balance (in shares) at Dec. 31, 2023	142,588,917	142,588,917
Beginning balance at Dec. 31, 2023	$ 30,320,000	$ 14,000	471,635,000	1,047,000	(437,495,000)	$ (4,881,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		8,816,013
Treasury Stock, Shares, Acquired		1,758,929				1,758,929
Treasury Stock, Value, Acquired, Cost Method	$ 2,233,000					$ 2,233,000
Issuance of common stock upon exercise of stock options (shares)	813,110
Stock Issued During Period, Value, Employee Stock Ownership Plan	$ 178,000	$ 1,000	177,000
Other comprehensive income (loss)	(750,000)			(750,000)
Net loss	$ (24,710,000)				(24,710,000)
Ending balance (in shares) at Sep. 30, 2024	149,646,001	149,646,001
Ending balance at Sep. 30, 2024	$ 24,141,000	$ 15,000	493,148,000	297,000	(462,205,000)	$ (7,114,000)
Class of Stock [Line Items]
Treasury Stock, Shares, Acquired		1,758,929				1,758,929
Treasury Stock, Value, Acquired, Cost Method	2,233,000					$ 2,233,000
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	21,336,000		21,336,000
Issuance of common stock upon exercise of stock options (in shares)		8,816,013
Stock Issued During Period, Value, Employee Stock Ownership Plan	178,000	$ 1,000	177,000
Other comprehensive income (loss)	(750,000)			(750,000)
Net loss	(24,710,000)				(24,710,000)
Treasury Stock, Common, Shares						7,751,795
Treasury Stock, Common, Shares						7,751,795
Total stockholders’ equity	23,477,000	$ 15,000	487,406,000	(383,000)	(458,595,000)	$ (4,966,000)
Common stock, shares outstanding (in shares)		149,204,916
Beginning balance (in shares) at Jun. 30, 2024		149,204,916
Beginning balance at Jun. 30, 2024	23,477,000	$ 15,000	487,406,000	(383,000)	(458,595,000)	$ (4,966,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		2,133,409
Treasury Stock, Shares, Acquired		1,692,324				1,692,324
Treasury Stock, Value, Acquired, Cost Method	2,148,000					$ 2,148,000
Stock Issued During Period, Value, Employee Stock Ownership Plan	27,000	$ 0	27,000
Other comprehensive income (loss)	680,000			680,000
Net loss	$ (3,610,000)				(3,610,000)
Ending balance (in shares) at Sep. 30, 2024	149,646,001	149,646,001
Ending balance at Sep. 30, 2024	$ 24,141,000	$ 15,000	493,148,000	297,000	(462,205,000)	$ (7,114,000)
Class of Stock [Line Items]
Treasury Stock, Shares, Acquired		1,692,324				1,692,324
Treasury Stock, Value, Acquired, Cost Method	2,148,000					$ 2,148,000
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	5,715,000		5,715,000
Issuance of common stock upon exercise of stock options (in shares)		2,133,409
Stock Issued During Period, Value, Employee Stock Ownership Plan	27,000	$ 0	27,000
Other comprehensive income (loss)	680,000			680,000
Net loss	$ (3,610,000)				(3,610,000)
Treasury Stock, Common, Shares	9,444,119					9,444,119
Treasury Stock, Common, Shares	9,444,119					9,444,119
Total stockholders’ equity	$ 24,141,000	$ 15,000	$ 493,148,000	$ 297,000	$ (462,205,000)	$ (7,114,000)
Common stock, shares outstanding (in shares)	149,646,001	149,646,001

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Cash flows from operating activities:
Net loss	$ (24,710,000)	$ (34,299,000)
Depreciation and amortization	3,834,000	3,409,000
Stock-based compensation expenses	21,065,000	21,956,000
Amortization of deferred contract acquisition and fulfillment costs	8,550,000	8,774,000
Non-cash interest income, net	(713,000)	(705,000)
Gain on foreign exchange	(285,000)	(439,000)
Decrease in trade receivables	666,000	6,921,000
Increase in prepaid expenses and other current assets and other assets, noncurrent	(73,000)	(193,000)
Increase in deferred contract acquisition and fulfillment costs	(4,367,000)	(4,853,000)
Increase (Decrease) in trade payables	2,182,000	(5,575,000)
Increase in accrued expenses and other current liabilities	2,742,000	91,000
Decrease in employees and payroll accruals	(646,000)	(2,504,000)
Increase (Decrease) in other liabilities, noncurrent	(27,000)	411,000
Increase (Decrease) in deferred revenue	559,000	(1,285,000)
Operating lease right-of-use assets and lease liabilities, net	(857,000)	(1,613,000)
Net cash provided by (used in) operating activities	7,920,000	(9,904,000)
Cash flows from investing activities:
Investment in available-for-sale marketable securities	37,745,000	33,609,000
Proceeds from sales and maturities of available-for-sale marketable securities	33,982,000	38,976,000
Purchases of property and equipment	421,000	1,792,000
Capitalized internal-use software	0	1,493,000
Investment in restricted bank deposit	0	1,001,000
Net cash provided by (used in) investing activities	(4,184,000)	1,081,000
Cash flows from financing activities:
Repayment of long-term loans	(1,750,000)	(4,500,000)
Proceeds from exercise of stock options	245,000	1,224,000
Payment of debt issuance costs	(10,000)	0
Repurchase of common stock	2,233,000	0
Payments on account of repurchase of common stock	(117,000)
Net cash used in financing activities	(3,865,000)	(3,276,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	285,000	439,000
Net increase (decrease) in cash, cash equivalents and restricted cash	156,000	(11,660,000)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Total	36,940,000	34,173,000	$ 45,833,000
Supplemental disclosure of non-cash activity:
Purchase of property, equipment and internal-use software in credit	51,000	699,000
Pending proceeds from option exercises	8,000	96,000
Capitalized stock-based compensation cost	464,000	552,000
Supplemental disclosure of cash flow information
Cash paid for income taxes, net	3,432,000	3,182,000
Cash paid for interest	2,080,000	2,242,000
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheet
Cash and cash equivalents	36,840,000	34,073,000
Restricted cash included in other assets, noncurrent	$ 100,000	$ 100,000

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1: GENERAL Description of Business

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. The consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by U.S. GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 22, 2024. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements with normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of September 30, 2024, and the Company’s consolidated results of operations, stockholders’ equity, and cash flows for the three and nine months ended September 30, 2024 and 2023. The results for the three and nine months ended September 30, 2024, are not necessarily indicative of the results to be expected for the full year ending December 31, 2024, or any other future interim or annual period. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, income tax uncertainties, incremental borrowing rate for operating leases, fair value of financial assets and liabilities, including fair value of derivatives, fair value and useful life of intangible assets, as well as in estimates used in applying the revenue recognition policy. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates. Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, marketable securities, restricted cash and trade receivables. The majority of the Company's and its subsidiaries' cash and cash equivalents and restricted cash are invested with major banks in Israel, the United Kingdom and the United States. Such investments in the United States may be in excess of insured limits and are not insured in other jurisdictions. However, in general, these investments may be redeemed upon demand and therefore bear minimal risk. The Company's trade receivables are geographically dispersed and derived from sales to customers mainly in the United States, Europe and Asia. Concentration of credit risk with respect to trade receivables is limited by credit limits, ongoing credit evaluation and account monitoring procedures. Major customer data as a percentage of total revenues: The following table sets forth customers that represented 10% or more of the Company’s total revenue in each of the periods set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A (M&T) 10.80 % 10.43 % 10.80 % 10.50 % Significant Accounting Policies and Estimates The Company’s significant accounting policies are discussed in Note 2 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on February 22, 2024. There have been no significant changes to these policies during the nine months ended September 30, 2024 except as noted below. Recently Adopted Pronouncements As an "emerging growth company," the Jumpstart Our Business Startups Act ("JOBS Act") allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.

REVENUES FROM CONTRACTS WITH CU

REVENUES FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUES FROM CONTRACTS WITH CUSTOMERS	NOTE 3: REVENUES FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue The following tables present disaggregated revenue by category: Three Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 31,495 97.4 % $ 10,590 88.6 % Professional services 846 2.6 % 1,364 11.4 % $ 32,341 100 % $ 11,954 100 % Three Months Ended September 30, 2023 Enterprise, Education and Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 30,043 96.6 % $ 10,804 86.8 % Professional services 1,052 3.4 % 1,643 13.2 % $ 31,095 100 % $ 12,447 100 % Nine Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 91,920 96.0 % $ 32,347 86.6 % Professional services 3,826 4.0 % 5,015 13.4 % $ 95,746 100 % $ 37,362 100 % Nine Months Ended September 30, 2023 Enterprise, Education & Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 90,175 96.4 % $ 31,787 85.7 % Professional services 3,408 3.6 % 5,324 14.3 % $ 93,583 100 % $ 37,111 100 % The following tables summarize revenue by region based on the billing address of customers: Three Months Ended September 30, 2024 2023 Amount Percentage of revenue Amount Percentage of revenue United States (“US”) $ 23,899 54.0 % $ 22,394 51.4 % Europe, the Middle East and Africa ("EMEA") 16,157 36.5 % 15,938 36.6 % Other 4,239 9.5 % 5,210 12.0 % $ 44,295 100 % $ 43,542 100 % Nine Months Ended September 30, 2024 2023 Amount Percentage of revenue Amount Percentage of revenue United States (“US”) $ 70,752 53.2 % $ 68,355 52.3 % Europe, the Middle East and Africa ("EMEA") 50,561 38.0 % 48,461 37.1 % Other 11,795 8.8 % 13,878 10.6 % $ 133,108 100 % $ 130,694 100 % Remaining Performance Obligations Remaining performance obligations represent the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and contracted amounts that will be invoiced and recognized as revenue in future periods. As of September 30, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $187,846, which consists of both billed consideration in the amount of $63,292 and unbilled consideration in the amount of $124,554 that the Company expects to recognize as revenue but that was not yet recognized on the balance sheet. The Company expects to recognize 59% of its remaining performance obligations as revenue over the next 12 months and the remainder thereafter. Costs to Obtain a Contract The following table represents a roll forward of costs to obtain a contract: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Beginning balance $ 22,002 $ 25,485 $ 24,210 $ 26,928 Additions to deferred contract acquisition costs during the period 2,027 1,690 4,833 5,238 Amortization of deferred contract acquisition costs (2,512) (2,478) (7,526) (7,469) Ending balance $ 21,517 $ 24,697 $ 21,517 $ 24,697 Deferred contract acquisition costs, current $ 9,171 $ 8,943 $ 9,171 $ 8,943 Deferred contract acquisition costs, noncurrent 12,346 15,754 12,346 15,754 Total deferred costs to obtain a contract $ 21,517 $ 24,697 $ 21,517 $ 24,697 Costs to Fulfill a Contract The following table represents a roll forward of costs to fulfill a contract: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Beginning balance $ 2,908 $ 4,626 $ 3,740 $ 5,523 Additions to deferred costs to fulfill a contract during the period — — — — Amortization of deferred costs to fulfill a contract (385) (445) (1,217) (1,342) Ending balance $ 2,523 $ 4,181 $ 2,523 $ 4,181 Deferred fulfillment costs, current 1,103 1,658 1,103 1,658 Deferred fulfillment costs, noncurrent 1,420 2,523 1,420 2,523 Total deferred costs to fulfill a contract $ 2,523 $ 4,181 $ 2,523 $ 4,181

Investments, Debt and Equity Se

Investments, Debt and Equity Securities	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure	NOTE 4: MARKETABLE SECURITIES The following is a summary of available-for-sale marketable securities as of September 30, 2024 and December 31, 2023: September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale – matures within one year: Corporate bonds $ 19,515 $ 34 $ (1) $ 19,548 Agency bonds 1,501 1 — 1,502 U.S. Treasury 18,345 34 — 18,379 Commercial paper 1,444 1 (1) 1,444 40,805 70 (2) 40,873 Available-for-sale – matures after one year: Corporate bonds 1,678 — — 1,678 Agency bonds 551 — — 551 2,229 — — 2,229 Total $ 43,034 $ 70 $ (2) $ 43,102 December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale – matures within one year: Corporate bonds $ 6,985 $ 4 $ — $ 6,989 U.S. Treasury 8,795 17 — 8,812 Commercial paper 8,855 — (5) 8,850 Agency bonds 8,037 9 (5) 8,041 32,672 30 (10) 32,692 Available-for-sale – matures after one year: Corporate bonds 2,944 14 — 2,958 U.S. Treasury 2,869 17 — 2,886 5,813 31 — 5,844 Total $ 38,485 $ 61 $ (10) $ 38,536 As of September 30, 2024 and December 31, 2023, the Company did not record an allowance for credit losses for its available-for-sale marketable debt securities and all of the gross unrealized losses of the Company's marketable securities have been in a continuous loss position for less than 12 months. There were no gains or losses from available-for-sale marketable securities that were reclassified out of accumulated other comprehensive income during the periods presented.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 5: FAIR VALUE MEASUREMENTS In accordance with ASC 820, the Company measures its cash equivalents and marketable securities at fair value using the market approach valuation technique. Cash equivalents and marketable securities are classified within Level 1 or Level 2 because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Foreign currency derivative contracts are classified within the Level 2 value hierarchy, as the valuation inputs are based on quoted prices and market observable data of similar instruments. The following table sets forth the Company’s assets and liabilities that were measured at fair value as of September 30, 2024 and December 31, 2023 by level within the fair value hierarchy: Fair Value Measurements As Of Description Fair Value Hierarchy September 30, 2024 December 31, 2023 Measured at fair value on a recurring basis: Assets: Cash equivalents: Money market funds Level 1 $ 23,613 $ 18,745 Short-term marketable securities: Corporate bonds Level 2 $ 19,548 $ 6,989 U.S. Treasury Level 2 $ 18,379 $ 8,812 Commercial paper Level 2 $ 1,444 $ 8,850 Agency bonds Level 2 $ 1,502 $ 8,041 Long-term marketable securities: Corporate bonds Level 2 $ 551 $ 2,958 Agency bonds Level 2 $ 1,678 $ 2,886 Prepaid expenses and other current assets: Restricted bank deposits Level 2 $ 3,397 $ 3,397 Options and forward contracts designated as hedging instruments  Level 2 $ 311 $ 998 Other assets, noncurrent: Restricted bank deposit Level 2 $ 1,002 $ 1,025 Liabilities: Derivative instruments liability included in accrued expenses and other current liabilities: Options and forward contracts designated as hedging instruments   Level 2 $ 80 $ —

DERIVATIVES AND HEDGING

DERIVATIVES AND HEDGING	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND HEDGING	NOTE 6: DERIVATIVES AND HEDGING The Company entered into forward, put and call option contracts to hedge certain forecasted payroll costs denominated in NIS against exchange rate fluctuations of the U.S. dollar for a period of up to twelve months. The Company recorded the cash flows associated with these derivatives under operating activities. The Company does not use derivative instruments for trading or speculative purposes. Notional Amount of Foreign Currency Contracts The Company had outstanding contracts designated as hedging instruments in the aggregate notional amount of $31,328 as of September 30, 2024 and $15,093 as of December 31, 2023. The fair value of the Company’s outstanding contracts amounted to a liability of $80 as of September 30, 2024 and to an asset of $311 and $998 as of September 30, 2024 and December 31, 2023, respectively. These liabilities and assets were recorded under accrued expenses and other current liabilities and prepaid expenses and other current assets, respectively. Losses of $110 and $427 were reclassified from accumulated other comprehensive losses during the three months ended September 30, 2024, and 2023, respectively. Gains of $702 and losses of $1,599 were reclassified from accumulated other comprehensive losses during the nine months ended September 30, 2024 and 2023, respectively. These losses and gains were reclassified from accumulated other comprehensive loss when the related expenses were incurred. Effect of Foreign Currency Contracts on the Condensed Consolidated Statements of Operations The effect of foreign currency contracts on the condensed consolidated statements of operations during the three and nine months ended September 30, 2024 and 2023 were as follows: Condensed Statement of Operations Location: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Cost of revenue $ 16 $ 60 $ (106) $ 222 Research and development 57 225 (361) 835 Sales and marketing 13 53 (95) 206 General and administrative 18 89 (145) 308 Restructuring — — — 28 Total $ 104 $ 427 $ (707) $ 1,599

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Lessee, Operating Leases	NOTE 7: LEASES The Company leases its office facilities under non-cancelable agreements that expire at various dates through November 2027. The Company has a lease agreement for offices in Israel which includes two extension options for five years each. The Company estimates that it is reasonably certain that it will exercise the option for the first extension period. Therefore, for the purposes of determining the amount of the expense and the value of the right of use asset and lease liability according to ASC 842, the Company determined that the lease term would end in November 2032. Components of operating lease expense were as follows: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Operating lease cost $ 702 $ 700 $ 2,071 $ 2,188 Short-term lease cost — — — 154 Variable lease cost 49 18 119 58 Total $ 751 $ 718 $ 2,190 $ 2,400 Supplementary cash flow information related to operating leases was as follows: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Cash paid for operating leases $ 1,068 $ 987 $ 2,332 $ 2,464 As of September 30, 2024, the weighted-average discount rate is 4.6% and the weighted-average remaining term is approximately 7 years. Maturities of the Company’s operating lease liabilities as of September 30, 2024 were as follows: Year Ending December 31, 2024 (Remainder) $ 771 2025 3,068 2026 3,130 2027 2,698 2028 2,318 2029 2,318 2030 and thereafter 6,016 Total operating lease payments 20,319 Less: imputed interest 2,219 Total operating lease liabilities $ 18,100

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8: COMMITMENTS AND CONTINGENCIES Purchase Commitments The Company has entered into various non-cancelable agreements with third-party providers for use of mainly cloud and other services, under which it committed to minimum and fixed purchases through the year ending December 31, 2026. The following table presents details of the aggregate future non-cancelable purchase commitments under such agreements as of September 30, 2024: Year Ending December 31, 2024 (Remainder) 7,888 2025 27,872 2026 28,557 Total purchase commitment $ 64,317 During the nine months ended September 30, 2024, the Company has accelerated expenses in the amount of $1,312 related to its minimum commitment with one of its cloud hosting service due to the Company's decision not to utilize the provider's cloud service. Such expenses were recorded under general and administrative expenses in the consolidated statement of operations. Litigation The Company is occasionally a party to claims or litigation in the normal course of the business. The Company does not believe that it is a party to any pending legal proceeding that is likely to have a material adverse effect on its business, financial condition, or results of operations.

CONDENSED CONSOLIDATED BALANC_3

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS	9 Months Ended
	Sep. 30, 2024
Table Text Block [Abstract]
Supplemental Balance Sheet Disclosures	NOTE 9: CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS Prepaid expenses and other current assets Prepaid expenses and other current assets consisted of the following: September 30, 2024 December 31, 2023 Prepaid expenses $ 3,424 $ 2,656 Restricted bank deposits 3,397 3,397 Derivative instrument 311 998 Other current assets 784 1,359 $ 7,916 $ 8,410 Property and Equipment, net Composition of property and equipment is as follows: September 30, 2024 December 31, 2023 Cost: Computers and peripheral equipment $ 4,148 $ 3,802 Office furniture and equipment 2,241 2,183 Leasehold improvements 7,286 7,267 Finance leases of computers and peripheral equipment 253 253 Internal use software 13,755 13,755 27,683 27,260 Accumulated depreciation (10,621) (7,147) Depreciated cost $ 17,062 $ 20,113 Depreciation expenses for the three months ended September 30, 2024 and 2023, and for the nine months ended September 30, 2024 and 2023 were $1,134, $1,128, $3,477 and $2,973, respectively. Other assets, noncurrent September 30, 2024 December 31, 2023 Restricted cash $ 100 $ 100 Severance pay fund 1,526 1,685 Restricted deposit 1,002 1,025 Other 288 290 $ 2,916 $ 3,100 Accrued expenses and other current liabilities September 30, 2024 December 31, 2023 Accrued expenses $ 5,141 $ 4,353 Accrued taxes 13,925 11,755 Derivative instruments 80 — Other current liabilities 992 1,171 $ 20,138 $ 17,279

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	NOTE 10: GOODWILL AND INTANGIBLE ASSETS There were no impairment charges to goodwill during the periods presented. The carrying amounts and accumulated amortization expenses of the intangible assets, as of September 30, 2024 and December 31, 2023, were as follows: September 30, 2024 December 31, 2023 Weighted average remaining useful life (in years) Balance Balance Gross carrying amount: Technology 0.50 $ 4,700 $ 4,700 Customer relationship 2.50 2,419 2,419 7,119 7,119 Accumulated amortization and impairments: Technology (4,496) (4,177) Customer relationship (2,291) (2,253) (6,787) (6,430) Intangible assets, net $ 332 $ 689 During the three months ended September 30, 2024 and 2023, and the nine months ended September 30, 2024 and 2023, the Company recorded amortization expenses in the amount of $120, $120, $357 and $436, respectively, included in cost of revenue and sales and marketing expenses in the consolidated statements of operations. The estimated future amortization expense of intangible assets as of September 30, 2024, is as follows: Year Ending December 31, 2024 (Remainder) $ 120 2025 148 2026 50 2027 14 $ 332

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 11: INCOME TAXES The Company recognized an income tax expense of $1,304, $2,507, $6,076 and $7,510 for the three and nine months ended September 30, 2024 and 2023, respectively. The tax expense for these periods was primarily attributable to pre-tax foreign earnings. The Company’s effective tax rates of (57)%, (31)%, (33)% and (28)% for the three and nine months ended September 30, 2024 and 2023, respectively, differ from the U.S. statutory tax rate primarily due to U.S. losses for which there is no benefit and the tax rate differences between the U.S. and foreign countries. The Company has a full valuation allowance on its deferred tax assets. Deferred tax liability is from indefinite life goodwill intangibles. Management currently believes that it is more likely than not that the deferred tax regarding the tax loss carry forwards and other temporary differences will not be realized in the foreseeable future in the U.S.

NET LOSS PER SHARE ATTRIBUTABLE

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS	3 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS	NOTE 12: NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Net loss $ 3,610 $ 10,726 $ 24,710 $ 34,299 Total loss attributable to common stockholders $ 3,610 $ 10,726 $ 24,710 $ 34,299 Denominator: Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 149,306,274 139,186,364 147,074,320 137,033,800 Net loss per share attributable to common stockholders, basic and diluted $ 0.02 $ 0.08 $ 0.17 $ 0.25 Instruments potentially exercisable for common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows: As of September 30, 2024 2023 Outstanding stock options and RSUs 32,080,690 36,370,904

REPORTABLE SEGMENTS AND GEOGRAP

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION	NOTE 13: REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION Reportable segments ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker ("CODM") is its Chief Executive Officer. The Company's CODM does not regularly review asset information by segments and, therefore, the Company does not report asset information by segment. The Company organizes its operations in two segments: Enterprise, Education and Technology and Media and Telecom. The Enterprise, Education and Technology segment represents products related to industry solutions for education customers, and media services (except for Media and Telecom customers). The Media and Telecom segment primarily represents TV solutions that are sold to media and telecom operators. The measurement of the reportable operating segments is based on the same accounting principles applied in these financial statements, which includes certain corporate overhead allocations. Three Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Total Revenue $ 32,341 $ 11,954 $ 44,295 Gross profit $ 24,539 $ 5,002 $ 29,541 Operating expenses 34,007 Financial income, net (2,160) Provision for income taxes 1,304 Net loss $ 3,610 Three Months Ended September 30, 2023 Enterprise, Education and Technology Media and Telecom Total Revenue $ 31,095 $ 12,447 $ 43,542 Gross profit $ 22,762 $ 4,937 $ 27,699 Operating expenses 36,013 Financial income, net (95) Provision for income taxes 2,507 Net loss $ 10,726 Nine Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Total Revenue $ 95,746 $ 37,362 $ 133,108 Gross profit $ 71,026 $ 15,799 $ 86,825 Operating expenses 107,131 Financial income, net (1,672) Provision for income taxes 6,076 Net loss $ 24,710 Nine Months Ended September 30, 2023 Enterprise, Education and Technology Media and Telecom Total Revenue $ 93,583 $ 37,111 $ 130,694 Gross profit $ 68,625 $ 14,962 $ 83,587 Operating expenses 113,423 Financial income, net (3,047) Provision for income taxes 7,510 Net loss $ 34,299 Geographical information See Note 3 for disaggregated revenue by geographic region.

LONG-TERM LOAN

LONG-TERM LOAN	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LONG-TERM LOAN	NOTE 14: LOAN In January 2021, the Company refinanced all amounts outstanding under the then-existing loan agreements, terminated all outstanding commitments, and entered into a new credit agreement (the “Credit Agreement”) with an existing lender, which provides for a new senior secured term loan facility in the aggregate principal amount of $40,000 (the “Term Loan Facility”) and a new senior secured revolving credit facility in the aggregate principal amount of $10,000 (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Credit Facilities”), which subsequently has been amended according to the Company's needs and other developments. In May 2023, the Company entered into an amendment (the "Fourth Amendment") to the then-existing Credit Agreement to replace the London Interbank Offered Rate (“LIBOR”) with the Secured Overnight Financing Rate (“SOFR”) as the benchmark rate under the Credit Agreement. Prior to the Fourth Amendment, borrowings under the Credit Agreement would bear interest, at the Company's election, at (a) the Eurodollar Rate (as defined in the Credit Agreement as in effect prior to the Fourth Amendment) plus a margin of 3.50% or (b) Alternative Base Rate (“ABR”) (as defined in the Credit Agreement) plus a margin of 2.50%. In December 2023, the Company entered into a new amendment to the then-existing Credit Agreement (the “Fifth Amendment”), which provides for a new term loan facility in the aggregate principal amount of $35,000, while the commitments under the Revolving Credit Facility decreased to $25,000. In July 2024, the Company entered into a new amendment to the then-existing Credit Agreement in connection with our Repurchase Program (as defined below), which updated the aggregate amount of permitted Restricted Payments (as defined in the Credit Agreement; which term includes, among others, repurchase of the Company’s outstanding common stock) and conditions for making such payments (see Note 15 for further information). Following the effectiveness of the Fifth Amendment, borrowings under the Credit Facilities are subject to interest, determined as follows: (a) SOFR loans accrue interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement) plus 0.10% per annum plus a margin of 2.50% (the Adjusted Term SOFR (as defined in the Credit Agreement) is subject to a 1.00% floor), and (b) ABR loans accrue interest at a rate per annum equal to the ABR plus a margin of 1.50% (ABR is equal to the highest of (i) the prime rate and (ii) the Federal Funds Effective Rate plus 0.50%, subject to a 2.00% floor). As of September 30, 2024, the current rate of interest under the Credit Facilities was equal to a rate per annum of 7.23%, consisting of 4.96% (the 3-month SOFR rate as of September 30, 2024), 0.10% credit spread adjustment and the margin of 2.50%. The Term Loan Facility is payable in consecutive quarterly installments on the last day of each fiscal quarter in an amount equal to (i) $438 for installments payable on December 31, 2023 (deferred to January 9, 2024) through September 30, 2024, (ii) $656 for installments payable on December 31, 2024 through September 30, 2025, and (iii) $1,313 for installments payable on and after December 31, 2025. The remaining unpaid balance on the Term Loan Facility is due and payable on December 21, 2026, together with accrued and unpaid interest on the principal amount to be paid to, but excluding, the payment date. Amounts outstanding under the Credit Facilities may be voluntarily prepaid at any time and from time to time, in whole or in part, without premium or penalty. Under the terms of the Credit Facilities, the Company is obligated to maintain compliance with certain covenants as defined therein. As of September 30, 2024, the Company met these covenants. The aggregate principal annual maturities according to the Credit Facilities agreements are as follows: Year Ending December 31, 2024 (Remainder) $ 656 2025 3,281 2026 29,313 $ 33,250 The carrying amounts of the loans approximate their fair value.

STOCKHOLDERS' EQUITY AND EQUITY

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS	NOTE 15: STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS Equity Incentive Plans On January 1, 2024, the number of shares of common stock authorized for issuance under the 2021 Incentive Award Plan (the “2021 Plan”) automatically increased by 7,129,446 shares pursuant to the terms of the 2021 Plan. Stock Options A summary of the Company's stock option activity with respect to options granted under the 2021 Plan is as follows: Number of Options Weighted Average exercise price Weighted remaining contractual term (years) Aggregate Outstanding as of January 1, 2024 22,933,058 $ 4.99 6.29 $ 5,378 Granted — $ — Exercised (813,110) $ 0.22 $ 842 Forfeited (4,771,369) $ 12.35 Outstanding as of September 30, 2024 17,348,579 $ 3.19 4.53 $ 1,341 Exercisable options at end of the period 17,110,629 $ 3.17 4.50 $ 1,341 RSUs The following table summarizes the RSU activity with respect to the 2021 Plan for the nine months ended September 30, 2024: RSUs Weighted Average Outstanding as of December 31, 2023 11,199,265 $2.24 RSUs granted 13,616,089 $1.45 RSUs vested (8,002,903) $2.12 RSUs forfeited (2,080,340) $1.96 Unvested and Outstanding as of September 30, 2024 14,732,111 $1.63 Stock-Based Compensation Expense The stock-based compensation expense by line item in the accompanying consolidated statement of operations is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cost of revenue $ 259 $ 295 $ 807 $ 827 Research and development 1,268 1,162 3,597 3,439 Sales and marketing 684 776 2,183 2,347 General and administrative 3,424 5,137 14,478 15,343 Total expenses $ 5,635 $ 7,370 $ 21,065 $ 21,956 As of September 30, 2024, there were $20,126 of total unrecognized compensation costs related to non-vested stock-based compensation arrangements granted under the Company's equity incentive plans. These costs are expected to be recognized over a weighted-average period of 1.67 years. Shares Reserved for Future Issuance The Company has the following common stock reserved for future issuance under the 2021 Plan: September 30, 2024 Outstanding options 17,348,579 Outstanding RSUs 14,732,111 Shares reserved under 2021 Plan 3,886,203 Total 35,966,893 Stock Repurchase Program On June 11, 2024, the Company’s board of directors authorized a stock repurchase program of the Company’s outstanding common stock for up to $5,000 of the Company’s common stock (the "Repurchase Program"). Under the Repurchase Program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The Repurchase Program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of the Board of Directors. During the three months ended September 30, 2024, the Company repurchased 1,692,324 shares of common stock at an average price of $1.24 per share (excluding broker and transaction fees of $53). As of September 30, 2024, the Company had remaining authorization under the Repurchase Program to repurchase common stock up to an aggregate amount of $2,820, subject to satisfying required conditions under the Companies Law and Companies Regulations.

SELECTED STATEMENT OF OPERATION

SELECTED STATEMENT OF OPERATIONS DATA	9 Months Ended
	Sep. 30, 2024
Selected Statement Of Operations Data [Abstract]
SELECTED STATEMENT OF OPERATIONS DATA	NOTE 16: SELECTED STATEMENTS OF OPERATIONS DATA Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Financial income: Interest income $ 845 $ 689 $ 2,453 $ 1,813 Foreign currency translation adjustments, net 2,144 410 1,647 4,402 2,989 1,099 4,100 6,215 Financial expenses: Bank fees 35 28 103 115 Interest expense 725 789 2,131 2,400 Other 69 187 194 653 829 1,004 2,428 3,168 Financial income, net $ (2,160) $ (95) $ (1,672) $ (3,047)

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2024
Text Block [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 17: ACCUMULATED OTHER COMPREHENSIVE INCOME The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax (AOCI), during the nine months ended September 30, 2024 and 2023: Net Unrealized Gains on Available-for-Sale Securities Instruments Net Unrealized Gains (Losses) on Derivatives Designated as Hedging Instruments Total Balance as of December 31, 2023; $ 49 $ 998 $ 1,047 Other comprehensive income (loss) before reclassifications 18 (66) (48) Net realized gains reclassified from accumulated other comprehensive income — (702) (702) Other comprehensive income (loss) 18 (768) (750) Balance as of September 30, 2024 $ 67 $ 230 $ 297 The following table summarizes the changes in accumulated other comprehensive loss (income) by component, net of tax, during the nine months ended September 30, 2023. Net Unrealized Gains (Losses) on Available-for-Sale Securities Instruments Net Unrealized Gains (Losses) on Derivatives Designated as Hedging Instruments Total Balance as of December 31, 2022; $ (181) $ (120) $ (301) Other comprehensive income (loss) before reclassifications 155 (2,166) (2,011) Net realized losses reclassified from accumulated other comprehensive income — 1,630 1,630 Other comprehensive income (loss) 155 (536) (381) Balance as of September 30, 2023 $ (26) $ (656) $ (682)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net loss	$ (3,610)	$ (10,726)	$ (24,710)	$ (34,299)

Insider Trading Arrangements

Insider Trading Arrangements - Eynav Azaria [Member]	3 Months Ended
	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Name	Eynav Azaria
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	true
Termination Date	05-Aug-24
Aggregate Available	845,969

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. The consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by U.S. GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 22, 2024. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements with normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of September 30, 2024, and the Company’s consolidated results of operations, stockholders’ equity, and cash flows for the three and nine months ended September 30, 2024 and 2023. The results for the three and nine months ended September 30, 2024, are not necessarily indicative of the results to be expected for the full year ending December 31, 2024, or any other future interim or annual period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, income tax uncertainties, incremental borrowing rate for operating leases, fair value of financial assets and liabilities, including fair value of derivatives, fair value and useful life of intangible assets, as well as in estimates used in applying the revenue recognition policy. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.
Concentration of Risks	Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, marketable securities, restricted cash and trade receivables. The majority of the Company's and its subsidiaries' cash and cash equivalents and restricted cash are invested with major banks in Israel, the United Kingdom and the United States. Such investments in the United States may be in excess of insured limits and are not insured in other jurisdictions. However, in general, these investments may be redeemed upon demand and therefore bear minimal risk. The Company's trade receivables are geographically dispersed and derived from sales to customers mainly in the United States, Europe and Asia. Concentration of credit risk with respect to trade receivables is limited by credit limits, ongoing credit evaluation and account monitoring procedures. Major customer data as a percentage of total revenues: The following table sets forth customers that represented 10% or more of the Company’s total revenue in each of the periods set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A (M&T) 10.80 % 10.43 % 10.80 % 10.50 %
Significant Accounting Policies and Estimates	Significant Accounting Policies and Estimates The Company’s significant accounting policies are discussed in Note 2 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on February 22, 2024. There have been no significant changes to these policies during the nine months ended September 30, 2024 except as noted below.
Recently Adopted Accounting Pronouncements	Recently Adopted Pronouncements As an "emerging growth company," the Jumpstart Our Business Startups Act ("JOBS Act") allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.
New Accounting Pronouncements Issued	Recent Accounting Guidance Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard. In December 2023, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes - Improvements to Income Tax Disclosures” requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company is currently evaluating the impact of the adoption of this standard.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of revenue by major customers by reporting segments	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A (M&T) 10.80 % 10.43 % 10.80 % 10.50 %

REVENUES FROM CONTRACTS WITH _2

REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of disaggregated revenue by category	Three Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 31,495 97.4 % $ 10,590 88.6 % Professional services 846 2.6 % 1,364 11.4 % $ 32,341 100 % $ 11,954 100 % Three Months Ended September 30, 2023 Enterprise, Education and Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 30,043 96.6 % $ 10,804 86.8 % Professional services 1,052 3.4 % 1,643 13.2 % $ 31,095 100 % $ 12,447 100 % Nine Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 91,920 96.0 % $ 32,347 86.6 % Professional services 3,826 4.0 % 5,015 13.4 % $ 95,746 100 % $ 37,362 100 % Nine Months Ended September 30, 2023 Enterprise, Education & Technology Media and Telecom Amount Percentage of revenue Amount Percentage of revenue Subscription $ 90,175 96.4 % $ 31,787 85.7 % Professional services 3,408 3.6 % 5,324 14.3 % $ 93,583 100 % $ 37,111 100 %
Schedule of disaggregated revenue by region	Three Months Ended September 30, 2024 2023 Amount Percentage of revenue Amount Percentage of revenue United States (“US”) $ 23,899 54.0 % $ 22,394 51.4 % Europe, the Middle East and Africa ("EMEA") 16,157 36.5 % 15,938 36.6 % Other 4,239 9.5 % 5,210 12.0 % $ 44,295 100 % $ 43,542 100 % Nine Months Ended September 30, 2024 2023 Amount Percentage of revenue Amount Percentage of revenue United States (“US”) $ 70,752 53.2 % $ 68,355 52.3 % Europe, the Middle East and Africa ("EMEA") 50,561 38.0 % 48,461 37.1 % Other 11,795 8.8 % 13,878 10.6 % $ 133,108 100 % $ 130,694 100 %
Schedule of costs to obtain a contract and costs to fulfill a contract	The following table represents a roll forward of costs to obtain a contract: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Beginning balance $ 22,002 $ 25,485 $ 24,210 $ 26,928 Additions to deferred contract acquisition costs during the period 2,027 1,690 4,833 5,238 Amortization of deferred contract acquisition costs (2,512) (2,478) (7,526) (7,469) Ending balance $ 21,517 $ 24,697 $ 21,517 $ 24,697 Deferred contract acquisition costs, current $ 9,171 $ 8,943 $ 9,171 $ 8,943 Deferred contract acquisition costs, noncurrent 12,346 15,754 12,346 15,754 Total deferred costs to obtain a contract $ 21,517 $ 24,697 $ 21,517 $ 24,697 The following table represents a roll forward of costs to fulfill a contract: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Beginning balance $ 2,908 $ 4,626 $ 3,740 $ 5,523 Additions to deferred costs to fulfill a contract during the period — — — — Amortization of deferred costs to fulfill a contract (385) (445) (1,217) (1,342) Ending balance $ 2,523 $ 4,181 $ 2,523 $ 4,181 Deferred fulfillment costs, current 1,103 1,658 1,103 1,658 Deferred fulfillment costs, noncurrent 1,420 2,523 1,420 2,523 Total deferred costs to fulfill a contract $ 2,523 $ 4,181 $ 2,523 $ 4,181

Investments, Debt and Equity _2

Investments, Debt and Equity Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	The following is a summary of available-for-sale marketable securities as of September 30, 2024 and December 31, 2023: September 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale – matures within one year: Corporate bonds $ 19,515 $ 34 $ (1) $ 19,548 Agency bonds 1,501 1 — 1,502 U.S. Treasury 18,345 34 — 18,379 Commercial paper 1,444 1 (1) 1,444 40,805 70 (2) 40,873 Available-for-sale – matures after one year: Corporate bonds 1,678 — — 1,678 Agency bonds 551 — — 551 2,229 — — 2,229 Total $ 43,034 $ 70 $ (2) $ 43,102

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value	Foreign currency derivative contracts are classified within the Level 2 value hierarchy, as the valuation inputs are based on quoted prices and market observable data of similar instruments. The following table sets forth the Company’s assets and liabilities that were measured at fair value as of September 30, 2024 and December 31, 2023 by level within the fair value hierarchy: Fair Value Measurements As Of Description Fair Value Hierarchy September 30, 2024 December 31, 2023 Measured at fair value on a recurring basis: Assets: Cash equivalents: Money market funds Level 1 $ 23,613 $ 18,745 Short-term marketable securities: Corporate bonds Level 2 $ 19,548 $ 6,989 U.S. Treasury Level 2 $ 18,379 $ 8,812 Commercial paper Level 2 $ 1,444 $ 8,850 Agency bonds Level 2 $ 1,502 $ 8,041 Long-term marketable securities: Corporate bonds Level 2 $ 551 $ 2,958 Agency bonds Level 2 $ 1,678 $ 2,886 Prepaid expenses and other current assets: Restricted bank deposits Level 2 $ 3,397 $ 3,397 Options and forward contracts designated as hedging instruments  Level 2 $ 311 $ 998 Other assets, noncurrent: Restricted bank deposit Level 2 $ 1,002 $ 1,025 Liabilities: Derivative instruments liability included in accrued expenses and other current liabilities: Options and forward contracts designated as hedging instruments   Level 2 $ 80 $ —

DERIVATIVES AND HEDGING (Tables

DERIVATIVES AND HEDGING (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The effect of foreign currency contracts on the condensed consolidated statements of operations during the three and nine months ended September 30, 2024 and 2023 were as follows: Condensed Statement of Operations Location: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Cost of revenue $ 16 $ 60 $ (106) $ 222 Research and development 57 225 (361) 835 Sales and marketing 13 53 (95) 206 General and administrative 18 89 (145) 308 Restructuring — — — 28 Total $ 104 $ 427 $ (707) $ 1,599

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Leases Cost	Components of operating lease expense were as follows: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Operating lease cost $ 702 $ 700 $ 2,071 $ 2,188 Short-term lease cost — — — 154 Variable lease cost 49 18 119 58 Total $ 751 $ 718 $ 2,190 $ 2,400
Schedue of Supplementary Cash Flow Information Related to Operating Leases	Supplementary cash flow information related to operating leases was as follows: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Cash paid for operating leases $ 1,068 $ 987 $ 2,332 $ 2,464
Schedule of Maturities of Operating Leases	Year Ending December 31, 2024 (Remainder) $ 771 2025 3,068 2026 3,130 2027 2,698 2028 2,318 2029 2,318 2030 and thereafter 6,016 Total operating lease payments 20,319 Less: imputed interest 2,219 Total operating lease liabilities $ 18,100

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of non-cancelable purchase commitments	The following table presents details of the aggregate future non-cancelable purchase commitments under such agreements as of September 30, 2024: Year Ending December 31, 2024 (Remainder) 7,888 2025 27,872 2026 28,557 Total purchase commitment $ 64,317

CONDENSED CONSOLIDATED BALANC_4

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Table Text Block [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: September 30, 2024 December 31, 2023 Prepaid expenses $ 3,424 $ 2,656 Restricted bank deposits 3,397 3,397 Derivative instrument 311 998 Other current assets 784 1,359 $ 7,916 $ 8,410
Schedule of Composition of Property and Equipment	Composition of property and equipment is as follows: September 30, 2024 December 31, 2023 Cost: Computers and peripheral equipment $ 4,148 $ 3,802 Office furniture and equipment 2,241 2,183 Leasehold improvements 7,286 7,267 Finance leases of computers and peripheral equipment 253 253 Internal use software 13,755 13,755 27,683 27,260 Accumulated depreciation (10,621) (7,147) Depreciated cost $ 17,062 $ 20,113
Schedule of Other Assets, Noncurrent	September 30, 2024 December 31, 2023 Restricted cash $ 100 $ 100 Severance pay fund 1,526 1,685 Restricted deposit 1,002 1,025 Other 288 290 $ 2,916 $ 3,100
Schedule of Accrued Liabilities	September 30, 2024 December 31, 2023 Accrued expenses $ 5,141 $ 4,353 Accrued taxes 13,925 11,755 Derivative instruments 80 — Other current liabilities 992 1,171 $ 20,138 $ 17,279

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of carrying amounts and accumulated amortization expenses of intangible assets	The carrying amounts and accumulated amortization expenses of the intangible assets, as of September 30, 2024 and December 31, 2023, were as follows: September 30, 2024 December 31, 2023 Weighted average remaining useful life (in years) Balance Balance Gross carrying amount: Technology 0.50 $ 4,700 $ 4,700 Customer relationship 2.50 2,419 2,419 7,119 7,119 Accumulated amortization and impairments: Technology (4,496) (4,177) Customer relationship (2,291) (2,253) (6,787) (6,430) Intangible assets, net $ 332 $ 689
Schedule of future amortization related to intangible assets other than goodwill	The estimated future amortization expense of intangible assets as of September 30, 2024, is as follows: Year Ending December 31, 2024 (Remainder) $ 120 2025 148 2026 50 2027 14 $ 332

NET LOSS PER SHARE ATTRIBUTAB_2

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	3 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of the computation of basic and diluted net earnings (loss) per share	The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Net loss $ 3,610 $ 10,726 $ 24,710 $ 34,299 Total loss attributable to common stockholders $ 3,610 $ 10,726 $ 24,710 $ 34,299 Denominator: Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 149,306,274 139,186,364 147,074,320 137,033,800 Net loss per share attributable to common stockholders, basic and diluted $ 0.02 $ 0.08 $ 0.17 $ 0.25
Schedule of antidilutive securities excluded from computation of earnings per share	Instruments potentially exercisable for common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows: As of September 30, 2024 2023 Outstanding stock options and RSUs 32,080,690 36,370,904

REPORTABLE SEGMENTS AND GEOGR_2

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of reportable operating segments	Three Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Total Revenue $ 32,341 $ 11,954 $ 44,295 Gross profit $ 24,539 $ 5,002 $ 29,541 Operating expenses 34,007 Financial income, net (2,160) Provision for income taxes 1,304 Net loss $ 3,610 Three Months Ended September 30, 2023 Enterprise, Education and Technology Media and Telecom Total Revenue $ 31,095 $ 12,447 $ 43,542 Gross profit $ 22,762 $ 4,937 $ 27,699 Operating expenses 36,013 Financial income, net (95) Provision for income taxes 2,507 Net loss $ 10,726 Nine Months Ended September 30, 2024 Enterprise, Education and Technology Media and Telecom Total Revenue $ 95,746 $ 37,362 $ 133,108 Gross profit $ 71,026 $ 15,799 $ 86,825 Operating expenses 107,131 Financial income, net (1,672) Provision for income taxes 6,076 Net loss $ 24,710 Nine Months Ended September 30, 2023 Enterprise, Education and Technology Media and Telecom Total Revenue $ 93,583 $ 37,111 $ 130,694 Gross profit $ 68,625 $ 14,962 $ 83,587 Operating expenses 113,423 Financial income, net (3,047) Provision for income taxes 7,510 Net loss $ 34,299

LONG-TERM LOAN (Tables)

LONG-TERM LOAN (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of aggregate principal annual maturities of long-term loans	The aggregate principal annual maturities according to the Credit Facilities agreements are as follows: Year Ending December 31, 2024 (Remainder) $ 656 2025 3,281 2026 29,313 $ 33,250

STOCKHOLDERS' EQUITY AND EQUI_2

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Share-based Payment Arrangement, Activity	A summary of the Company's stock option activity with respect to options granted under the 2021 Plan is as follows: Number of Options Weighted Average exercise price Weighted remaining contractual term (years) Aggregate Outstanding as of January 1, 2024 22,933,058 $ 4.99 6.29 $ 5,378 Granted — $ — Exercised (813,110) $ 0.22 $ 842 Forfeited (4,771,369) $ 12.35 Outstanding as of September 30, 2024 17,348,579 $ 3.19 4.53 $ 1,341 Exercisable options at end of the period 17,110,629 $ 3.17 4.50 $ 1,341
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following table summarizes the RSU activity with respect to the 2021 Plan for the nine months ended September 30, 2024: RSUs Weighted Average Outstanding as of December 31, 2023 11,199,265 $2.24 RSUs granted 13,616,089 $1.45 RSUs vested (8,002,903) $2.12 RSUs forfeited (2,080,340) $1.96 Unvested and Outstanding as of September 30, 2024 14,732,111 $1.63
Schedule of share-based compensation expense by line item	The stock-based compensation expense by line item in the accompanying consolidated statement of operations is summarized as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cost of revenue $ 259 $ 295 $ 807 $ 827 Research and development 1,268 1,162 3,597 3,439 Sales and marketing 684 776 2,183 2,347 General and administrative 3,424 5,137 14,478 15,343 Total expenses $ 5,635 $ 7,370 $ 21,065 $ 21,956
Schedule Of Shares Of Common Stock Reserved For Future Issuance	The Company has the following common stock reserved for future issuance under the 2021 Plan: September 30, 2024 Outstanding options 17,348,579 Outstanding RSUs 14,732,111 Shares reserved under 2021 Plan 3,886,203 Total 35,966,893

SELECTED STATEMENT OF OPERATI_2

SELECTED STATEMENT OF OPERATIONS DATA (Tables)	3 Months Ended
	Sep. 30, 2024
Selected Statement Of Operations Data [Abstract]
Schedule of financial income expenses	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Financial income: Interest income $ 845 $ 689 $ 2,453 $ 1,813 Foreign currency translation adjustments, net 2,144 410 1,647 4,402 2,989 1,099 4,100 6,215 Financial expenses: Bank fees 35 28 103 115 Interest expense 725 789 2,131 2,400 Other 69 187 194 653 829 1,004 2,428 3,168 Financial income, net $ (2,160) $ (95) $ (1,672) $ (3,047)

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2024
Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax (AOCI), during the nine months ended September 30, 2024 and 2023: Net Unrealized Gains on Available-for-Sale Securities Instruments Net Unrealized Gains (Losses) on Derivatives Designated as Hedging Instruments Total Balance as of December 31, 2023; $ 49 $ 998 $ 1,047 Other comprehensive income (loss) before reclassifications 18 (66) (48) Net realized gains reclassified from accumulated other comprehensive income — (702) (702) Other comprehensive income (loss) 18 (768) (750) Balance as of September 30, 2024 $ 67 $ 230 $ 297

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of revenue by major customers by reporting segments (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Customer A (M&T) | Customer concentration risk | Revenue benchmark
Revenue, Major Customer [Line Items]
Percentage of revenue	10.80%	10.43%	10.80%	10.50%

REVENUES FROM CONTRACTS WITH _3

REVENUES FROM CONTRACTS WITH CUSTOMERS - Schedule of disaggregated revenue by category (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 44,295	$ 43,542	$ 133,108	$ 130,694
Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 44,295	43,542	$ 133,108	130,694
Percentage of revenue	100%		100%
Enterprise, Education and Technology
Disaggregation of Revenue [Line Items]
Revenue	$ 32,341	31,095	$ 95,746	93,583
Enterprise, Education and Technology | Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 32,341	$ 31,095	$ 95,746	$ 93,583
Percentage of revenue	100%	100%	100%	100%
Media and Telecom
Disaggregation of Revenue [Line Items]
Revenue	$ 11,954	$ 12,447	$ 37,362	$ 37,111
Media and Telecom | Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 11,954	$ 12,447	$ 37,362	$ 37,111
Percentage of revenue	100%	100%	100%	100%
Subscription
Disaggregation of Revenue [Line Items]
Revenue	$ 42,085	$ 40,847	$ 124,267	$ 121,962
Subscription | Enterprise, Education and Technology | Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 31,495	$ 30,043	$ 91,920	$ 90,175
Percentage of revenue	97.40%	96.60%	96%	96.40%
Subscription | Media and Telecom | Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 10,590	$ 10,804	$ 32,347	$ 31,787
Percentage of revenue	88.60%	86.80%	86.60%	85.70%
Professional services
Disaggregation of Revenue [Line Items]
Revenue	$ 2,210	$ 2,695	$ 8,841	$ 8,732
Professional services | Enterprise, Education and Technology | Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 846	$ 1,052	$ 3,826	$ 3,408
Percentage of revenue	2.60%	3.40%	4%	3.60%
Professional services | Media and Telecom | Revenue concentration risk | Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 1,364	$ 1,643	$ 5,015	$ 5,324
Percentage of revenue	11.40%	13.20%	13.40%	14.30%

REVENUES FROM CONTRACTS WITH _4

REVENUES FROM CONTRACTS WITH CUSTOMERS - Schedule of disaggregated revenue by region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 44,295	$ 43,542	$ 133,108	$ 130,694
Revenue concentration risk | Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 44,295	43,542	$ 133,108	130,694
Percentage of revenue	100%		100%
United States (“US”) | Revenue concentration risk | Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 23,899	$ 22,394	$ 70,752	$ 68,355
Percentage of revenue	54%	51.40%	53.20%	52.30%
Europe, the Middle East and Africa ("EMEA") | Revenue concentration risk | Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 16,157	$ 15,938	$ 50,561	$ 48,461
Percentage of revenue	36.50%	36.60%	38%	37.10%
Other | Revenue concentration risk | Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 4,239	$ 5,210	$ 11,795	$ 13,878
Percentage of revenue	9.50%	12%	8.80%	10.60%

REVENUES FROM CONTRACTS WITH _5

REVENUES FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 187,846
Percentage of remaining performance obligations	59%
Billed Revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 63,292
Unbilled Revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 124,554

REVENUES FROM CONTRACTS WITH _6

REVENUES FROM CONTRACTS WITH CUSTOMERS - Schedule of costs to obtain a contract and costs to fulfill a contract (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Capitalized Contract Cost [Line Items]
Amortization of deferred contract acquisition costs/deferred costs to fulfill a contract			$ (8,550)	$ (8,774)
Deferred contract acquisition and fulfillment costs, current	$ 10,274		10,274		$ 10,636
Deferred contract acquisition and fulfillment costs, noncurrent	13,766		13,766		17,314
Costs to obtain a contract
Capitalized Contract Cost [Line Items]
Deferred costs to obtain or fulfill contract, beginning balance	22,002	$ 25,485	24,210	26,928
Additions to deferred contract acquisition costs during the period	2,027	1,690	4,833	5,238
Amortization of deferred contract acquisition costs/deferred costs to fulfill a contract	2,512	2,478	7,526	7,469
Deferred costs to obtain or fulfill contract, ending balance	21,517	24,697	21,517	24,697
Deferred contract acquisition and fulfillment costs, current	9,171	8,943	9,171	8,943
Deferred contract acquisition and fulfillment costs, noncurrent	12,346	15,754	12,346	15,754
Total deferred costs to obtain or fulfill contract	21,517	24,697	21,517	24,697	24,210
Costs to fulfill a contract
Capitalized Contract Cost [Line Items]
Deferred costs to obtain or fulfill contract, beginning balance	2,908	4,626	3,740	5,523
Additions to deferred costs to fulfill a contract during the period	0	0	0	0
Amortization of deferred contract acquisition costs/deferred costs to fulfill a contract	385	445	1,217	1,342
Deferred costs to obtain or fulfill contract, ending balance	2,523	4,181	2,523	4,181
Deferred contract acquisition and fulfillment costs, current	1,103	1,658	1,103	1,658
Deferred contract acquisition and fulfillment costs, noncurrent	1,420	2,523	1,420	2,523
Total deferred costs to obtain or fulfill contract	$ 2,523	$ 4,181	$ 2,523	$ 4,181	$ 3,740

Investments, Debt and Equity _3

Investments, Debt and Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	$ 40,805	$ 32,672
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	40,873	32,692
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	2,229	5,813
Available-for-sale - matures within one year, Gross unrealized gains	70	30
Available-for-sale - matures within one yearr, Gross unrealized losses	(2)	(10)
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	2,229	5,844
Available-for-sale - matures after one year, Gross unrealized losses	0	0
Available-for-sale - matures after one year, Gross unrealized gains	0	31
Debt Securities, Available-for-sale	43,102	38,536
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(2)	(10)
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	70	61
Debt Securities, Available-for-sale, Amortized Cost	43,034	38,485
Corporate Bond Securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	19,515	6,985
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	19,548	6,989
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	1,678	2,944
Available-for-sale - matures within one year, Gross unrealized gains	34	4
Available-for-sale - matures within one yearr, Gross unrealized losses	(1)	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	1,678	2,958
Available-for-sale - matures after one year, Gross unrealized losses	0	0
Available-for-sale - matures after one year, Gross unrealized gains	0	14
US Government Agencies Debt Securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	1,501	8,037
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	1,502	8,041
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	551
Available-for-sale - matures within one year, Gross unrealized gains	1	9
Available-for-sale - matures within one yearr, Gross unrealized losses	0	(5)
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	551
Available-for-sale - matures after one year, Gross unrealized losses	0
Available-for-sale - matures after one year, Gross unrealized gains	0
Commercial Paper
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	1,444	8,855
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	1,444	8,850
Available-for-sale - matures within one year, Gross unrealized gains	1	0
Available-for-sale - matures within one yearr, Gross unrealized losses	(1)	(5)
US Treasury Securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	18,345	8,795
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	18,379	8,812
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five		2,869
Available-for-sale - matures within one year, Gross unrealized gains	34	17
Available-for-sale - matures within one yearr, Gross unrealized losses	$ 0	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five		2,886
Available-for-sale - matures after one year, Gross unrealized losses		0
Available-for-sale - matures after one year, Gross unrealized gains		$ 17

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of assets and liabilities measured at fair value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted bank deposits	$ 3,397	$ 3,397
Other Restricted Assets, Noncurrent	1,002	1,025
Level 1 | Fair value, recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, at Carrying Value		18,745
Cash and Cash Equivalents, Fair Value Disclosure	23,613
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Noncurrent	551	2,958
Debt Securities, Available-for-Sale, Current	19,548	6,989
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Noncurrent		2,886
Debt Securities, Available-for-Sale, Current	18,379	8,812
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Current	1,444	8,850
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Noncurrent	1,678
Debt Securities, Available-for-Sale, Current	1,502	8,041
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted bank deposits	3,397	3,397
Other Restricted Assets, Noncurrent	1,002	1,025
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | Designated as hedging instrument | Options and forward contracts designated as hedging instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	311	998
Fair Value, Inputs, Level 2 [Member] | Fair value, recurring | Designated as hedging instrument | Derivative Financial Instruments, Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 80	$ 0

DERIVATIVES AND HEDGING - Narra

DERIVATIVES AND HEDGING - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, notional amount	$ 31,328,000		$ 31,328,000		$ 15,093,000
Derivative asset, fair value, gross liability	80,000		80,000
Other comprehensive income (loss), cash flow hedge, gain (loss) reclassification			(702,000)	$ 1,599,000
Derivative instrument	311,000		$ 311,000		$ 998,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ 110,000	$ 427,000

DERIVATIVES AND HEDGING - Sched

DERIVATIVES AND HEDGING - Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative [Line Items]
Total	$ 104		$ 1,599	$ (707)
Cost of revenue
Derivative [Line Items]
Total	16	$ 60	$ (106)	222
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Total cost of revenue
Research and development
Derivative [Line Items]
Total	57	225	$ (361)	835
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Research and development
Sales and marketing
Derivative [Line Items]
Total	13	53	$ (95)	206
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Sales and marketing
General and administrative
Derivative [Line Items]
Total	18	89	$ (145)	308
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			General and administrative
Restructuring Charges
Derivative [Line Items]
Total	$ 0	$ 0	$ 0	$ 28
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Restructuring Charges

LEASES - Schedule of Leases Cos

LEASES - Schedule of Leases Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 702	$ 700	$ 2,071	$ 2,188
Short-term lease cost	0		0	154
Variable lease cost	49	18	119	58
Total	$ 751	$ 718	$ 2,190	$ 2,400

LEASES - Schedue of Supplementa

LEASES - Schedue of Supplementary Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating Lease, Payments	$ (1,068)	$ (987)	$ (2,332)	$ (2,464)

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities of Operating Leases (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
2024 (Remainder)	$ 771
2025	3,068
2026	3,130
2027	2,698
2028	2,318
2029	2,318
2030 and thereafter	6,016
Total operating lease payments	20,319
Less: imputed interest	2,219
Total operating lease liabilities	$ 18,100

LEASES - Narrative (Details)

LEASES - Narrative (Details)	Sep. 30, 2024
Leases [Abstract]
Operating lease, weighted average discount rate, percent	4.60%
Operating lease, weighted average remaining lease term	7 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024 (Remainder)	$ 7,888
2025	27,872
2026	28,557
Total purchase commitment	64,317
Other Commitment	$ 1,312

CONDENSED CONSOLIDATED BALANC_5

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Table Text Block [Abstract]
Prepaid expenses	$ 3,424	$ 2,656
Restricted bank deposits	3,397	3,397
Derivative instrument	311	998
Other current assets	784	1,359
Prepaid expenses and other current assets	$ 7,916	$ 8,410

CONDENSED CONSOLIDATED BALANC_6

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Composition of Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Cost	$ 27,683		$ 27,683		$ 27,260
Accumulated depreciation	(10,621)		(10,621)		(7,147)
Depreciated cost	17,062		17,062		20,113
Depreciation expenses	1,134	$ 1,128	3,477	$ 2,973
Computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Cost	4,148		4,148		3,802
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Cost	2,241		2,241		2,183
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	7,286		7,286		7,267
Finance leases of computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Cost	253		253		253
Internal use software
Property, Plant and Equipment [Line Items]
Cost	$ 13,755		$ 13,755		$ 13,755

CONDENSED CONSOLIDATED BALANC_7

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Other Assets, Noncurrent (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Table Text Block [Abstract]
Restricted cash	$ 100	$ 100	$ 100
Severance pay fund	1,526	1,685
Other Restricted Assets, Noncurrent	1,002	1,025
Restricted deposit	288	290
Other assets, noncurrent	$ 2,916	$ 3,100

CONDENSED CONSOLIDATED BALANC_8

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Table Text Block [Abstract]
Accrued expenses	$ 5,141	$ 4,353
Accrued taxes	13,925	11,755
Derivative Liability, Current	80	0
Other current liabilities	992	1,171
Accrued expenses and other current liabilities	$ 20,138	$ 17,279

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Schedule of carrying amounts and accumulated amortization expenses of intangible assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 7,119	$ 7,119
Accumulated amortization and impairments:	(6,787)	(6,430)
Intangible assets, net	$ 332	689
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	6 months
Gross carrying amount:	$ 4,700	4,700
Accumulated amortization and impairments:	$ (4,496)	(4,177)
Customer relationship
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	2 years 6 months
Gross carrying amount:	$ 2,419	2,419
Accumulated amortization and impairments:	$ (2,291)	$ (2,253)

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses	$ 120	$ 120	$ 357	$ 436

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Schedule of future amortization related to intangible assets other than goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (Remainder)	$ 120
2025	148
2026	50
2027	14
Intangible assets, net	$ 332	$ 689

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 1,304,000	$ 2,507,000	$ 6,076,000	$ 7,510,000
Statutory tax rate	(57.00%)	(31.00%)	(33.00%)	(28.00%)

NET LOSS PER SHARE ATTRIBUTAB_3

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Schedule of the computation of basic and diluted net earnings (loss) per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net loss	$ 3,610	$ 10,726	$ 24,710	$ 34,299
Total loss attributable to common stockholders, for basic and diluted net loss per share	$ (3,610)	$ (10,726)	$ (24,710)	$ (34,299)
Denominator:
Earnings Per Share, Diluted	$ (0.02)	$ (0.08)	$ (0.17)	$ (0.25)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	149,306,274	139,186,364	147,074,320	137,033,800

NET LOSS PER SHARE ATTRIBUTAB_4

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Schedule of antidilutive securities excluded from computation of earnings per share (Details) - shares	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Outstanding stock options and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	32,080,690	36,370,904

REPORTABLE SEGMENTS AND GEOGR_3

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 44,295,000	$ 43,542,000	$ 133,108,000	$ 130,694,000
Gross profit	29,541,000	27,699,000	86,825,000	83,587,000
Operating expenses	34,007,000	36,013,000	107,131,000	113,423,000
Financial income, net	(2,160,000)	(95,000)	(1,672,000)	(3,047,000)
Provision for income taxes	(1,304,000)	(2,507,000)	(6,076,000)	(7,510,000)
Net loss	3,610,000	10,726,000	24,710,000	34,299,000
Enterprise, Education and Technology
Segment Reporting Information [Line Items]
Revenue	32,341,000	31,095,000	95,746,000	93,583,000
Gross profit	24,539,000	22,762,000	71,026,000	68,625,000
Media and Telecom
Segment Reporting Information [Line Items]
Revenue	11,954,000	12,447,000	37,362,000	37,111,000
Gross profit	$ 5,002,000	$ 4,937,000	$ 15,799,000	$ 14,962,000

LONG-TERM LOAN - Schedule of ag

LONG-TERM LOAN - Schedule of aggregate principal annual maturities of long-term loans (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2024 (Remainder)	$ 656
2025	3,281
2026	29,313
Long-term loans, total	$ 33,250

LONG-TERM LOAN - Narrative (Det

LONG-TERM LOAN - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	350%
Interest rate per annum	7.23%	7.23%
Installments payable frequency of payments		quarterly
Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2%	2%
Alternate Base Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	250%
Debt Instrument, Interest Rate, Stated Percentage	1.50%	1.50%
Alternate Base Rate | Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.50%	0.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Interest rate per annum	4.96%	4.96%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Credit Adjustment Spread
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.10%	0.10%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Interest Margin
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.50%	2.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1%	1%
New Senior Secured Term Loan Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	$ 40,000	$ 40,000
New Senior Secured Revolving Credit Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	10,000	10,000
Term Loan Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	35	35
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25	25
On April 01, 2021, through December 31, 2021
Line of Credit Facility [Line Items]
Amount of installments payable		438
On March 31, 2022 through December 31, 2022
Line of Credit Facility [Line Items]
Amount of installments payable		656
On and after March 31, 2023
Line of Credit Facility [Line Items]
Amount of installments payable		$ 1,313

STOCKHOLDERS' EQUITY AND EQUI_3

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2024	Sep. 30, 2024
Equity [Abstract]
Number of additional shares authorized (in shares)	7,129,446
Cost not yet recognized, amount		$ 20,126

STOCKHOLDERS' EQUITY AND EQUI_4

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - 1 (Details) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024
Number of Options
Outstanding at beginning of period (in shares)		22,933,058	22,933,058
Granted (in shares)	0
Exercised (in shares)			(813,110)
Forfeited (in shares)			(4,771,369)
Outstanding at end of period (in shares)	17,348,579		17,348,579
Exercisable options at end of period (in shares)	17,110,629		17,110,629
Weighted Average exercise price
Outstanding at beginning of period (in dollars per share)		$ 4.99	$ 4.99
Granted (in dollars per share)	$ 0
Exercised (in dollars per share)			0.22
Forfeited (in dollars per share)			12.35
Outstanding at end of period (in dollars per share)	3.19		3.19
Exercisable options at end of period (in dollars per share)	$ 3.17		$ 3.17
Additional Disclosures
Oustanding, weighted average remaining contractual term		6 years 3 months 14 days	4 years 6 months 10 days
Exercisable options at end of period, weighted average remaining contractual term			4 years 6 months
Oustanding at beginning of period, aggregate intrinsic value		$ 5,378,000	$ 5,378,000
Exercised, aggregate intrinsic value			842,000
Oustanding at end of period, aggregate intrinsic value	$ 1,341,000		1,341,000
Exercisable options at end of period, aggregate intrinsic value	1,341,000		1,341,000
Share Repurchase Program
Share Repurchase Program [Line Items]
Share Repurchase Program, Authorized, Amount	$ 5,000,000		5,000,000
Shares Acquired, Average Cost Per Share	$ 1.24
Floor Brokerage, Exchange and Clearance Fees	$ 53,000
Share Repurchase Program, Remaining Authorized, Amount	$ 2,820,000		$ 2,820,000
Treasury Stock, Shares, Acquired	1,692,324

STOCKHOLDERS' EQUITY AND EQUI_5

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity (Details) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
RSUs Outstanding
Unvested and outstanding, beginning balance (in shares)		11,199,265
RSUs granted (in shares)		13,616,089
RSUs vested (in shares)		(8,002,903)
RSUs forfeited (in shares)	(2,080,340)
Unvested and outstanding, ending balance (in shares)	14,732,111	14,732,111
Weighted Average Grant Date Fair Value per Share
Unvested and outstanding, beginning balance (in dollars per share)		$ 2.24
RSU granted (in dollars per share)	$ 1.45
RSU vested (in dollars per share)	2.12
RSU forfeited (in dollars per share)	1.96
Unvested and outstanding, ending balance (in dollars per share)	$ 1.63	$ 1.63

STOCKHOLDERS' EQUITY AND EQUI_6

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Schedule of share-based compensation expense by line item (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	$ 5,635	$ 7,370	$ 21,065	$ 21,956
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	259	295	807	827
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	1,268	1,162	3,597	3,439
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	684	776	2,183	2,347
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	$ 3,424	$ 5,137	$ 14,478	$ 15,343

STOCKHOLDERS' EQUITY AND EQUI_7

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Schedule Of Shares Of Common Stock Reserved For Future Issuance (Details) - shares	Sep. 30, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Oustanding options (in shares)	17,348,579	22,933,058
Oustanding RSUs (in shares)	14,732,111	11,199,265
Share reserved under 2021 Plan (in shares)	35,966,893
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share reserved under 2021 Plan (in shares)	3,886,203

SELECTED STATEMENT OF OPERATI_3

SELECTED STATEMENT OF OPERATIONS DATA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financial income:
Interest income	$ 845	$ 689	$ 2,453	$ 1,813
Foreign currency translation adjustments, net	2,144	410	1,647	4,402
Financial income	2,989	1,099	4,100	6,215
Financial expenses:
Bank fees	35	28	103	115
Interest Expense, Nonoperating	725	789	2,131	2,400
Other	69	187	194	653
Financial expenses	829	1,004	2,428	3,168
Financial income, net	$ (2,160)	$ (95)	$ (1,672)	$ (3,047)

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Text Block [Abstract]
Balance as of December 31, 2023;			$ 1,047	$ (301)
Other comprehensive income (loss) before reclassifications			(48)	(2,011)
Net realized gains reclassified from accumulated other comprehensive income			702	(1,630)
Other comprehensive income (loss)	$ 680	$ (421)	(750)	(381)
Balance as of September 30, 2024	297	(682)	297	(682)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications			(48)	(2,011)
Net realized gains reclassified from accumulated other comprehensive income			702	(1,630)
Other comprehensive income (loss)	680	(421)	(750)	(381)
Accumulated other comprehensive income	297	(682)	297	(682)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Text Block [Abstract]
Balance as of December 31, 2023;			49	(181)
Other comprehensive income (loss) before reclassifications			18	155
Net realized gains reclassified from accumulated other comprehensive income			0	0
Other comprehensive income (loss)			18	155
Balance as of September 30, 2024	67	(26)	67	(26)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications			18	155
Net realized gains reclassified from accumulated other comprehensive income			0	0
Other comprehensive income (loss)			18	155
Accumulated other comprehensive income	67	(26)	67	(26)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Text Block [Abstract]
Balance as of December 31, 2023;			998	(120)
Other comprehensive income (loss) before reclassifications			(66)	(2,166)
Net realized gains reclassified from accumulated other comprehensive income			702	(1,630)
Other comprehensive income (loss)			(768)	(536)
Balance as of September 30, 2024	230	(656)	230	(656)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications			(66)	(2,166)
Net realized gains reclassified from accumulated other comprehensive income			702	(1,630)
Other comprehensive income (loss)			(768)	(536)
Accumulated other comprehensive income	$ 230	$ (656)	$ 230	$ (656)