Kornit Digital (KRNT) 20-F/A 14 Apr 16 2015 FY Annual report (foreign) (amended) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2015shares
Document and Entity Information [Abstract]
Entity Registrant Name	Kornit Digital Ltd.
Entity Central Index Key	1,625,791
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	20-F
Document Period End Date	Dec. 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 18,464	$ 4,993
Short-term bank deposits	22,000
Available for sale marketable securities	4,527
Trade receivables, net	22,598	$ 9,770
Other accounts receivable and prepaid expenses	3,314	1,452
Inventories	15,803	11,986
Total current assets	86,706	$ 28,201
Available for sale marketable securities	29,152
Severance pay fund	1,125	$ 1,187
Property and equipment, net	4,778	3,660
Intangible assets, net	$ 1,023	245
Deferred issuance costs		849
Other assets	$ 568	450
Total long-term assets	36,646	6,391
Total assets	123,352	34,592
CURRENT LIABILITIES:
Trade payables	13,230	5,901
Employees and payroll accruals	4,383	2,968
Deferred revenues and advances from customers	1,008	1,863
Other payables and accrued expenses	2,630	2,606
Total current liabilities	21,251	13,338
LONG TERM LIABILITIES:
Accrued severance pay	1,839	1,903
Total long-term liabilities	1,839	1,903
SHAREHOLDERS' EQUITY:
Ordinary shares of NIS 0.01 par value - Authorized: 26,345,297 shares and 200,000,000 shares at December 31, 2014 and 2015, respectively; Issued and Outstanding: 8,973,224 shares and 30,295,949 shares at December 31, 2014 and 2015, respectively	$ 76	22
Preferred A-1 shares of NIS 0.01 par value- Authorized: 1,927,220 shares and 0 shares at December 31, 2014 and 2015; Issued and Outstanding: 1,927,140 shares and 0 shares at December 31, 2014 and 2015, respectively		32
Accumulated other comprehensive loss	$ (283)	(146)
Additional paid in capital	89,071	12,770
Retained earnings	11,398	6,673
Total shareholders' equity	100,262	19,351
Total liabilities and shareholders' equity	$ 123,352	$ 34,592

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - ₪ / shares	Dec. 31, 2015	Dec. 31, 2014
Common stock, par value	₪ 0.01	₪ 0.01
Common stock, shares authorized	200,000,000	26,345,297
Common stock, shares issued	30,295,949	8,973,224
Common stock, shares outstanding	30,295,949	8,973,224
Preferred A-1
Preferred stock, par value	₪ 0	₪ 0.01
Preferred stock, shares authorized	0	1,927,220
Preferred stock, shares issued	0	1,927,140
Preferred stock, shares outstanding	0	1,927,140

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Revenues	$ 86,405	$ 66,364	$ 49,395
Cost of revenues	45,820	37,187	27,953
Gross profit	40,585	29,177	21,442
Operating expenses:
Research and development	11,950	9,475	7,443
Selling and marketing	13,367	10,616	7,734
General and administrative	9,500	5,266	3,278
Total operating expenses	34,817	25,357	18,455
Operating income	5,768	3,820	2,987
Finance expenses, net	334	15	460
Income before taxes on income	5,434	3,805	2,527
Taxes on income	709	782	1,393
Net income	$ 4,725	$ 3,023	$ 1,134
Basic net earnings per share	$ 0.19	$ 0.34	$ 0.13
Diluted net earnings per share	$ 0.18	$ 0.29	$ 0.11

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 4,725	$ 3,023	$ 1,134
Available-for-sale marketable securities:
Changes in unrealized losses	(227)
Net change	(227)
Cash flow hedges:
Changes in unrealized gain	5
Reclassification adjustments for loss included in net income	(33)
Net change	(28)
Foreign currency translation adjustment	118	$ (183)	$ 37
Net change in accumulated comprehensive income (loss)	(137)	(183)	37
Comprehensive income	$ 4,588	$ 2,840	$ 1,171

Statements of Changes in Shareh

Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Ordinary shares		Additional paid in capital	Accumulated other comprehensive income	Retained earnings	Preferred A-1
Balance at Dec. 31, 2012	$ 14,311	$ 22		$ 11,741		$ 2,516	$ 32
Balance, shares at Dec. 31, 2012		8,953,565					1,927,140
Share-based compensation	126			$ 126
Other comprehensive income (loss)	37				$ 37
Net income	1,134					$ 1,134
Balance at Dec. 31, 2013	15,608	$ 22		$ 11,867	$ 37	$ 3,650	$ 32
Balance, shares at Dec. 31, 2013		8,953,565					1,927,140
Exercise of options	6		[1]	6
Exercise of options, shares		19,659
Share-based compensation	897			$ 897
Other comprehensive income (loss)	(183)				$ (183)
Net income	3,023					$ 3,023
Balance at Dec. 31, 2014	$ 19,351	$ 22		$ 12,770	$ (146)	$ 6,673	$ 32
Balance, shares at Dec. 31, 2014		8,973,224					1,927,140
Conversion of preferred shares		$ 32					$ (32)
Conversion of preferred shares, shares		12,628,741					(1,927,140)
Issuance of ordinary shares in initial public offering, net of issuance expenses in an amount of 2,415	$ 73,519	$ 21		$ 73,498
Issuance of ordinary shares in initial public offering, net of issuance expenses in an amount of 2,415, shares		8,165,000
Exercise of options	$ 421	$ 1		420
Exercise of options, shares	(528,984)	528,984
Share-based compensation	$ 2,383			$ 2,383
Other comprehensive income (loss)	(137)				$ (137)
Net income	4,725					$ 4,725
Balance at Dec. 31, 2015	$ 100,262	$ 76		$ 89,071	$ (283)	$ 11,398
Balance, shares at Dec. 31, 2015		30,295,949
[1]	Represents an amount lower than $1.

Statements of Changes in Share7

Statements of Changes in Shareholders' Equity (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Statement of Stockholders' Equity [Abstract]
Issuance expenses	$ 2,415

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows used in operating activities:
Net income	$ 4,725	$ 3,023	$ 1,134
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	1,782	1,352	1,168
Share based compensation	2,383	$ 897	$ 126
Amortization of premium on available-for-sale marketable securities	(113)
Increase (decrease) in accrued severance pay, net	(2)	$ 284	$ (3)
Changes in deferred income taxes, net	(57)	(132)	(42)
Increase in trade receivables	(13,117)	(4,409)	(1,229)
Decrease (increase) in other receivables and prepaid expenses	(1,595)	110	(400)
Increase in inventories	(4,610)	(555)	(3,437)
Increase (decrease) in trade payables	7,036	(1,578)	2,806
Increase (decrease) in deferred revenues	(820)	(130)	1,170
Increase in employees and payroll accruals	1,435	852	779
Decrease in other assets	(68)	(57)	(15)
Increase (decrease) in other payables and accrued expenses	223	(323)	830
Interest on short-term bank deposit	(53)	(8)	(5)
Loss (gain) from sale of property and equipment	51	(5)	(35)
Foreign currency translation gain (loss) on inter company balances with foreign subsidiaries	590	342	(109)
Net cash provided by (used in) operating activities	(2,210)	(337)	2,738
Cash flows used in investing activities:
Purchase of property and equipment	(1,861)	$ (1,911)	$ (1,248)
Cash paid in connection with acquisition	$ (1,000)
Purchase of intangible assets			$ (327)
Proceeds from (investment in) bank deposits, net	$ (22,000)	$ 2,643	$ (575)
Proceeds from maturity of available-for- sale marketable securities	1,500
Proceeds from sale of property and equipment	8	$ 6	$ 47
Purchase of marketable securities	(35,518)
Net cash provided by (used in) investing activities	(58,871)	$ 738	$ (2,103)
Cash flows used in financing activities:
roceeds from initial public offering, net (Payment of issuance costs)	74,180	(661)
Exercise of employee stock option	421	6
Net cash used in financing activities	74,601	(655)
Foreign currency translation adjustments on cash and cash equivalents	(49)	(82)	$ 31
Increase (decrease) in cash and cash equivalents	13,520	(254)	635
Cash and cash equivalents at the beginning of the period	4,993	5,329	4,663
Cash and cash equivalents at the end of the period	18,464	4,993	5,329
Supplemental disclosure of cash flow information:
Cash paid during the year for income taxes	1,368	1,663	903
Non-cash investing and financing activities:
Purchase of property and equipment on credit	422	113	37
Inventory transferred to be used as property and equipment	692	265	$ 208
Property and equipment transferred to be used as inventory	$ 106	112
Issuance expenses on credit		$ 188

General

General	12 Months Ended
	Dec. 31, 2015
General [Abstract]
GENERAL	NOTE 1:- GENERAL a. Kornit Digital Ltd. (the “Company”) was incorporated in 2002 under the laws of the State of Israel. The Company and its subsidiaries develop, design and market digital printing solutions for the global printed textile industry. The Company’s and its subsidiaries’ solutions are based on their proprietary digital textile printing systems, ink and other consumables, associated software and value added services. b. The Company has established wholly-owned subsidiaries in Israel, the United States, Germany and Hong Kong. The Company's subsidiaries are engaged primarily in sales, and marketing, except for the Israeli subsidiary which is engaged primarily in research and development and manufacturing. c. Initial Public Offering: On April 8, 2015, the Company closed its initial public offering (“IPO”) whereby 8,165,000 ordinary shares were sold by the Company to the public (inclusive of 1,065,000 ordinary shares pursuant to the full exercise of an overallotment option granted to the underwriters). The aggregate net proceeds received by the Company from the offering were $73,519, net of underwriting discounts and commissions and offering expenses all of which have already been paid by the Company. Upon the closing of the IPO, all of the Company’s outstanding preferred shares automatically converted into 12,628,741 ordinary shares. d. The Company depends on three major suppliers to supply certain components for the production of its products. If one of these suppliers fails to deliver or delays the delivery of the necessary components, the Company will be required to seek alternative sources of supply. A change in these suppliers could result in manufacturing delays, which could cause a possible loss of sales and, consequently, could adversely affect the Company's results of operations and financial position.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP"). a. Use of estimates: The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. Actual results could differ from those estimates. On an ongoing basis, the Company's management evaluates estimates, including those related to fair value and useful life of intangible assets . b. Financial statements in United States dollars: A majority of the revenues of the Company and its subsidiaries are denominated in U.S. dollars (“dollar” or “dollars”). The Company’s management believes that the dollar is the primary currency of the economic environment in which the Company and its subsidiaries, other than the Company’s German subsidiary, operate. Thus, the functional and reporting currency of the Company and its subsidiaries, other than the Company’s German subsidiary, is the dollar. Accordingly, monetary accounts maintained in currencies other than the dollar are re-measured into U.S. dollars in accordance with Accounting Standards Codification (“ASC”) No. 830 “Foreign Currency Matters”. Changes in currency exchange rates between the Company’s functional currency and the currency in which a transaction is denominated are included in the Company’s results of operations as finance expenses, net in the period in which the currency exchange rates change. For the Company’s subsidiary in Germany whose functional currency is the Euro all amounts on the balance sheets have been translated into the dollar using the exchange rates in effect on the relevant balance sheet dates. All amounts in the statements of income have been translated into the dollar using the exchange rate on the respective dates on which those elements are recognized. The resulting translation adjustments are reported as a component of accumulated other comprehensive income in shareholders’ equity. c. Principles of consolidation: The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions including profits from intercompany have been eliminated upon consolidation. d. Cash equivalents: Cash equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or less, at acquisition. e. Short-term deposits: Short-term bank deposits are deposits with an original maturity of more than three months but less than one year from the date of acquisition. The deposits are presented at their cost including accrued interest. f. Marketable securities The Company accounts for investments in marketable securities in accordance with ASC 320, "Investments - Debt and Equity Securities". Management determines the appropriate classification of its investments in debt securities at the time of purchase and re-evaluates such determinations at each balance sheet date. The Company classifies marketable securities as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses reported in "accumulated other comprehensive income (loss)" in shareholders' equity. Realized gains and losses on sales of investments are included in finance expenses, net. The amortized cost of marketable securities is adjusted for amortization of premium and accretion of discount to maturity, both of which, together with interest, are included in finance expenses, net. The Company recognizes an impairment charge when a decline in the fair value of its investments in debt securities below the cost basis of such securities is judged to be other-than-temporary. Factors considered in making such a determination include the duration and severity of the impairment, the reason for the decline in value, the potential recovery period and the Company's intent to sell, including whether it is more likely than not that the Company will be required to sell the investment before recovery of cost basis. For securities that are deemed other-than-temporarily impaired (“OTTI”), the amount of impairment is recognized in the statement of operations and is limited to the amount related to credit losses, while impairment related to other factors is recognized in other comprehensive income (loss). The Company did not recognize OTTI on its marketable securities in 2015. g. Inventories: Inventories are measured at the lower of cost or market value. The cost of inventories comprises costs of purchase and costs incurred in bringing the inventories to their present location and condition. Inventory write-down is measured as the difference between the cost of the inventory and market based upon assumptions about future demand, and is charged to the cost of sales. Cost of inventories is determined as follows: Raw and packing materials - on the basis of weighted average cost. Finished goods - on the basis of average costs of materials, and other direct manufacturing cost. Inventory write off have been provided to cover risks arising from dead and slow moving items, technological obsolescence and excess inventories according to revenue forecasts. During the years ended December 31, 2013, 2014 and 2015 the Company recorded inventory write off in a total amount of $369, $287 and $824, respectively. h. Property and equipment: Property and equipment are measured at cost, including directly attributable costs, less accumulated depreciation and amortization and accumulated impairment losses. Depreciation and amortization is calculated on a straight-line basis over the useful life of the assets at annual rates as follows: % Office furniture and equipment 7 - 20 Computer, peripheral equipment and software 33 Machinery and equipment 15 Leasehold improvements *) *) Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement. i. Intangible assets: Acquired Intangible assets with definite lives are amortized over their estimated useful lives. The Company amortizes intangible assets on a straight-line basis with definite lives over periods ranging from six and a half to ten years. j. Impairment of long lived assets and intangible assets subject to amortization: Property and equipment and intangible assets subject to amortization are reviewed for impairment in accordance with ASC No. 360, "Accounting for the Impairment or Disposal of Long-Lived Assets," whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the years ended December 31, 2013, 2014 and 2015, no impairment losses were recorded. k. Business combinations: The Company accounted for business combinations in accordance with ASC No. 805, "Business Combinations" (ASC No. 805"). ASC No. 805 requires recognition of assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date, measured at their fair values as of that date. Any excess of the fair value of net assets acquired over purchase price and any subsequent changes in estimated contingencies are to be recorded in consolidated statements of income. In addition, changes in valuation allowance related to acquired deferred tax assets and in acquired income tax position are to be recognized in consolidated statements of income. Acquisition related costs are expensed to the statements of income in the period incurred. l. Revenue recognition: The Company generates revenues from the sale of its systems, inks and consumable products and from services to its products. The Company generates revenues from sale of its products directly to end-users and indirectly through independent distributors. Revenues from system sales are recognized in accordance with ASC No. 605, "Revenue Recognition" upon installation, provided that the collection of the resulting receivable is probable, there is persuasive evidence of an arrangement, no significant obligations in respect of installation remain and the price is fixed or determinable. Revenues from selling these products to independent distributors who do not install the systems are deferred until the Company’s products are installed in the customers’ premises by the Company’s service and support teams, provided that all other revenue recognition criteria are met. Revenues from selling products to independent distributors who install these systems are recognized upon delivery, provided that all other revenue recognition criteria are met. In respect of sale of products, installation of the systems and training, the Company considers the element in the arrangement to be a single unit of accounting. In accordance with ASC 605, the Company has concluded that its arrangements are generally consistent with the indicators suggesting that installation and training are essential to the functionality of the systems. Therefore, the Company recognizes revenue for the systems only upon installation and training when installation and training are the Company's responsibility. When the installation and training are not being performed by the Company, the Company would recognize the revenues upon delivery in accordance with the agreed-upon delivery terms once all other revenue recognition criteria have been met. The Company considers all arrangements with payment terms extending beyond the standard payment terms not to be fixed or determinable. If the fee is not fixed or determinable, revenue is recognized as payments become due from the customer, provided that all other revenue recognition criteria have been met. Revenues from ink and other consumable products when sold separately are generally recognized upon shipment assuming all other revenue recognition criteria have been met. Although, in general, the Company does not grant rights of return, there are certain instances where such rights are granted. The Company maintains a provision for returns in accordance with ASC 605, which is estimated, based primarily on historical experience as well as management judgment, and is recorded as reduction of revenue. Such provision amounted to $84, $348 and $ 396 as of December 31, 2013, 2014 and 2015, respectively. Deferred revenue includes amounts received from customers for which revenue has not yet been recognized. In cases where the Company’s customers trade-in old systems as part of sales of new systems, the fair value of the old systems is recorded as inventory, provided that such value can be determined. m. Shipping and Handling: Shipping and handling fees charged to the Company's customers are recognized as revenue in the period shipped and the related costs for providing these services are recorded as a cost of revenues. Revenues from shipping in the years ended December 31, 2013, 2014 and 2015 were $681, $931 and $719 respectively. n. Cost of revenues: Cost of revenues is comprised mainly of cost of systems and ink production, employees' salaries and related costs, allocated overhead expenses, import taxes and royalties. o. Warranty costs: The Company generally provides a one year warranty for all of its systems. A provision is recorded for estimated warranty costs at the time revenues are recognized based on historical warranty costs and management's estimates. Factors that affect the Company's warranty liability include the number of systems, historical rates of warranty claims and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts thereof as necessary. The followings are the changes in the liability for product warranty from January 1, 2014 to December 31, 2015: Balance at January 1, 2014 471 Provision for warranties issued during the year 1,354 Reduction for payments and costs to satisfy claims (1,141 ) Balance at December 31, 2014 684 Provision for warranties issued during the year 1,700 Reduction for payments and costs to satisfy claims (1,444 ) Balance at December 31, 2015 940 p. Research and development expenses: Research and development expenses are charged to the statement of income, as incurred. q. Accounting for share-based compensation: The Company accounts for share based compensation in accordance with ASC No. 718, "Compensation - Stock Compensation" that requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statement of income. ASC No. 718 requires forfeitures to be estimated at the time of the grant and revised in subsequent periods if actual forfeitures differ from those estimates. The Company selected the binomial option pricing model as the most appropriate fair value method for its share-based compensation awards with the following assumptions for the years ended December 31, 2013, 2014 and 2015: Year ended December 31, 2013 2014 2015 Suboptimal exercise multiple 3.0-10.0 2.0-10.0 2.0-2.5 Risk free interest rate 0.1%-2.5 % 0.1%-2.5 % 0.2%-2.2 % Volatility 50%-55 % 50%-55 % 50%-55 % Dividend yield 0 % 0 % 0 % The expected volatility is based on volatility of similar companies whose share prices are publicly available over an historical period equivalent to the option's expected term. The computation of the suboptimal exercise multiple based on empirical studies, the early exercise factor of public companies is approximately 100% for employees and 150% for managers. The early exercise factor of grantees in private companies is expected to be higher due to the lack of marketability that leads to longer exercise period of the options. The forfeiture rates are based the activity status of the options granted between the years 2004 and 2015. The interest rate for period within the contractual life of the award is based on the U.S. Treasury Bills yield curve in effect at the time of grant. The Company currently has no plans to distribute dividends and intends to retain future earnings to finance the development of its business. The following table sets forth the total share based compensation expense included in the consolidated statements of income for the years ended December 31, 2013, 2014 and 2015: Year ended December 31, 2013 2014 2015 Cost of revenues $ 11 $ 96 $ 306 Research and development 21 86 281 Sales and marketing 66 207 537 General and administrative 28 508 1,259 Total share-based compensation expense $ 126 $ 897 $ 2,383 r . Derivatives and hedging: The Company accounts for derivatives and hedging based on ASC No. 815, "Derivatives and Hedging" ("ASC No. 815"). ASC No. 815 requires the Company to recognize all derivatives on the balance sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. According to ASC No. 815, for derivative instruments that are designated and qualify as hedging instruments, the Company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation. If the derivatives meet the definition of a hedge and are so designated, depending on the nature of the hedge, changes in the fair value of such derivatives will either be offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative's change in fair value is recognized in earnings. Starting 2015, the Company entered into forward and option contracts to hedge against the risk of overall changes in future cash flow from payments of payroll and related expenses denominated in New Israeli Shekels ("NIS"). As of December 31, 2015, the fair value of the Company's outstanding forward and option contracts amounted to $28 which is included within accrued expenses and other current liabilities in the balance sheets. The Company measured the fair value of these contracts in accordance with ASC No. 820, "Fair Value Measurements and Disclosures" ("ASC No. 820"), and they were classified as level 2. As of December 31, 2015, the notional principal amount of the hedging contracts to sell U.S. dollars held by the Company was $8,453. s. Advertising Advertising costs are charged to operations as incurred and were $501, $437 and $283 for the years ended December 31, 2013, 2014 and 2015, respectively. t. Income taxes: The Company accounts for income taxes and uncertain tax positions in accordance with ASC No. 740, "Income Taxes" ("ASC No. 740"). ASC No. 740 prescribes the use of the liability method, whereby deferred tax asset and liability account balances are determined based on temporary differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to amounts more likely than not to be realized. ASC No. 740 contains a two-step approach to recognizing and measuring a liability for uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company accrues interest and penalties related to unrecognized tax benefits on its taxes on income. In November 2015, the FASB issued Accounting Standards Update No. 2015-17 (ASU 2015-17) “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes”. ASU 2015-17 simplifies the presentation of deferred income taxes by eliminating the separate classification of deferred income tax liabilities and assets into current and noncurrent amounts in the consolidated balance sheet statement of financial position. The amendments in the update require that all deferred tax liabilities and assets be classified as noncurrent in the consolidated balance sheet. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods therein and may be applied either prospectively or retrospectively to all periods presented. Early adoption is permitted. The Company has early adopted this standard in the fourth quarter of 2015 on a retrospective basis. Prior periods have been retrospectively adjusted. As a result of the adoption of ASU 2015-17, the Company made the following adjustments to the 2014 balance sheet: a $323 decrease to current deferred tax assets, a $201 increase to noncurrent deferred tax asset and a decrease of $122 to noncurrent deferred tax liability. u. Concentrations of credit risks: Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, marketable securities, foreign exchange contracts and trade receivables. The majority of the Company's and its subsidiaries' cash and cash equivalents, bank deposits and marketable securities are invested in major banks in Israel and the U.S. Generally, these cash equivalents may be redeemed upon demand and, therefore management believes that it bears a lower risk. The Company attempt to limit its exposure to interest rate risk by investing in securities with maturities of less than three years; however, The Company may be unable to successfully limit its risk to interest rate fluctuations. At any time, a sharp rise in interest rates could have a material adverse impact on the fair value of its investment portfolio. Conversely, declines in interest rates could have a material favorable impact on the fair value of its investment portfolio. Increases or decreases in interest rates could have a material impact on interest earnings related to new investments during the period. The trade receivables of the Company and its subsidiaries are mainly derived from sales to customers located in the United States, Europe, the Middle East, Africa and Asia Pacific. The Company performs ongoing credit evaluations of its customers. An allowance for doubtful accounts is determined with respect to those amounts that the Company has determined to be doubtful of collection. In certain circumstances, the Company may require from its customers letters of credit, other collateral or additional guarantees. Bad debt expenses for the years ended December 31, 2013, 2014 and 2015, were 0, 0 and $21 respectively. v. Severance pay: The majority of the Company's employees in Israel have subscribed to Section 14 of Israel's Severance Pay Law, 5723-1963 ("Section 14"). Pursuant to Section 14, the Company's employees, covered by this section, are entitled only to monthly deposits, at a rate of 8.33% of their monthly salary, made on their behalf by the Company. Payments in accordance with Section 14 release the Company from any future the severance liabilities in respect of those employees. Neither severance pay liability nor severance pay fund under Section 14 for such employees is recorded on the Company's balance sheet. With regards to employees in Israel that are not subject to Section 14, the Company's liability for severance pay is calculated pursuant to the Severance Pay Law, based on the most recent salary of the relevant employees multiplied by the number of years of employment as of the balance sheet date. These employees are entitled to one month salary for each year of employment or a portion thereof. The Company's liability for these employees is fully provided for via monthly deposits with severance pay funds, insurance policies and an accrual. The value of these deposits is recorded as an asset on the Company's balance sheet. The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Pay Law or labor agreements. Severance pay expenses for the years ended December 31, 2013, 2014 and 2015 were $620, $1,015 and $1,354 respectively. w. Fair value of financial instruments: The carrying amount of cash, cash equivalents, short term bank deposits, trade receivables, other accounts receivable, trade payables and other accounts payable approximates fair value due to the short-term maturities of these instruments. Marketable securities and derivative instruments are carried at fair value. In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the inputs as follows: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company measures its marketable securities and foreign currency derivative instruments at fair value. Marketable securities and foreign currency derivative instruments are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. x . Comprehensive income: The Company accounts for comprehensive income in accordance with FASB ASC No. 220, "Comprehensive Income." Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income relate to gains and losses on hedging derivative instruments, unrealized gains and losses on available-for-sale securities and unrealized gain and losses from foreign currency translation adjustments. y . Basic and diluted net income per share: Basic net income per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during each period, plus dilutive potential ordinary shares considered outstanding during the period, in accordance with ASC No. 260, "Earnings Per Share". For the years ended December 31, 2013 and 2014 all outstanding options have been included at the calculation of the diluted earnings per share since their effect was dilutive. The total number of shares related to the outstanding options excluded from the calculation of diluted net earnings per share was 762,152 for the year ended December 31, 2015. z. Impact of recently issued accounting standard not yet adopted: 1. In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09) "Revenue from Contracts with Customers." ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. 2. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)", which will replace the existing guidance in ASC 840, "Leases." The updated standard aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. This ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company is in the process of evaluating this guidance to determine the impact it will have on its financial statements.

Available for Sale Marketable S

Available for Sale Marketable Securities	12 Months Ended
	Dec. 31, 2015
Available for Sale Marketable Securities [Abstract]
AVAILABLE-FOR-SALE MARKETABLE SECURITIES	NOTE 3:- AVAILABLE-FOR-SALE MARKETABLE SECURITIES The following is a summary of available-for-sale marketable securities: December 31, 2015 Amortized Gross unrealized Gross unrealized Fair Matures within one year: Corporate debentures 4,533 - (6 ) 4,527 Matures after one year through three years: Corporate debentures 29,373 1 (222 ) 29,152 Total $ 33,906 $ 1 $ (228 ) $ 33,679 All investments with an unrealized loss as of December 31, 2015 are with continuous unrealized losses for less than 12 months.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2015
Inventories [Abstract]
INVENTORIES	NOTE 4:- INVENTORIES December 31 2014 2015 Raw materials and components $ 6,427 $ 8,724 Finished products (*) 5,559 7,079 $ 11,986 $ 15,803 (*) Includes amounts of $ 647 and $ 145 for the years ended December 31, 2014 and 2015, respectively, with respect to inventory delivered to customers but for which revenue criteria have not yet been met.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2015
Property and Equipment, Net [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 5:- PROPERTY AND EQUIPMENT, NET December 31 2014 2015 Cost: Computer, peripheral equipment and software $ 1,067 $ 1,421 Office furniture and equipment 628 842 Machinery and equipment 4,587 5,996 Leasehold improvements 1,764 2,311 8,046 10,570 Accumulated depreciation and amortization (4,386 ) (5,792 ) Property and equipment, net $ 3,660 $ 4,778 Depreciation expenses for the years ended December 31, 2013, 2014 and 2015 were $1,071, $1,226 and $1,560 respectively. During the year ended December 2013, 2014 and 2015 the Company recorded a reduction of $140, $168 and $166, respectively to the cost and accumulated depreciation of fully depreciated equipment no longer used.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2015
Intangible Assets, Net [Abstract]
INTANGIBLE ASSETS, NET	NOTE 6:- INTANGIBLE ASSETS, NET a. On May 24, 2010, the Company entered into a license agreement with a third party (the “agreement”). According to the agreement, the third party granted the Company a license to use its digital R2R printer and any and all related intellectual property including, among others, copying, manufacturing, distributing, marketing, engineering, further development and development of related products (the “license”) in order to allow the Company to develop a new version of a printer (the “new product”). The Company owns all the rights to the new product (as well as all the respective intellectual property rights) and the third party has no rights thereto. The license is non-cancelable. On April 22, 2013 the Company signed an amendment to the agreement pursuant to which the Company paid $ 327 and shall no longer have any obligations or undertakings to make any future payments to the third party. b. On January 5, 2015 the Company acquired patents and services from an American ink developer and manufacturer for total purchase price of $2,000. $1,000 was paid upon closing and is attributed to acquired patents. The remaining balance will be paid over a two years period after the acquisition as defined in the acquisition agreement, of which $800 was recognized as operating expense in 2015. The remaining $200 will be recognized as expenses in 2016. The acquisition is accounted for as business combination under ASC 805, Business Combination. The purchase price was allocated entirely to acquired technology and is amortized over 10 years using straight line method. c. Intangible assets are comprised of the following: Weighted average amortization December 31 period 2014 2015 (years) Cost: Acquired technology 8.14 $ 566 $ 1,566 Accumulated amortization: Acquired technology 321 543 Intangible assets, net $ 245 $ 1,023 Amortization expenses for the years ended December 31, 2013, 2014 and 2015 were $97, $126 and $ 222, respectively. Future amortization expenses for the years ending: December 31, 2016 $ 223 2017 100 2018 100 2019 100 2020 and thereafter 500 Total $ 1,023

Other Payables and Accrued Expe

Other Payables and Accrued Expenses	12 Months Ended
	Dec. 31, 2015
Other Payables and Accrued Expenses [Abstract]
Other Payables and Accrued Expenses	NOTE 7:- OTHER PAYABLES AND ACCRUED EXPENSES December 31, 2014 2015 Government authorities $ 835 $ 344 Warranty provision 684 940 Professional services 229 248 Accrued expenses and other 858 1,098 $ 2,606 $ 2,630

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2015
Commitments and Contingent Liabilities [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 8:- COMMITMENTS AND CONTINGENT LIABILITIES a. Lease commitments: The Company leases facilities and vehicles under operating leases that expire on various dates through 2022. Aggregate minimum lease and rental payments under non-cancelable operating leases as of December 31, 2015, are (in the aggregate) and for each succeeding fiscal year below: 2016 1,725 2017 1,929 2018 1,560 2019 1,377 2020 and thereafter 1,727 8,318 Total rent expenses for the years ended December 31, 2013, 2014 and 2015 were $1,080, $1,203 and $1,443, respectively. b. Charges: As of December 31, 2015, the Company has three lines of credit with Israeli banks for total borrowings of up to $5.0 million, all of which was undrawn as of December 31, 2015. These lines of credit are unsecured and available subject to the Company maintenance of a 30% ratio of total shareholders' equity to total assets. Interest rates across these credit lines varied from 1.95% to 2.3% as of December 31, 2015. Any borrowings under the credit lines would become repayable if Fortissimo Capital ceases to be the company controlling shareholder (which for this purpose generally requires Fortissimo Capital to continue to hold 25% of the company outstanding ordinary shares). As of the date of these financial statements, the Company does not have any borrowings under the lines of credit. The Company is in compliance with the financial covenants. c. Purchase commitments: The Company estimates that at December 31, 2015, it had $ 12,441 of purchase commitments for goods and services from vendors. d. Litigation: From time to time, the Company is party to various legal proceedings, claims and litigation that arise in the normal course of business. It is the opinion of management that the ultimate outcome of these matters will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. In February 2015, one of the Company's distributors, which, accounted for 25% and 18% of the Company's revenues in 2014 and 2015, respectively, received a letter claiming patent infringement in connection with the sale of one of the Company's systems. The letter included copy of the complaint filed against the distributor with the U.S. District Court for the Middle District of Florida. The Company's agreement with the distributor contains an undertaking by the Company to indemnify the distributor against claims by third parties alleging that the Company's products infringe third party intellectual property rights. In December 2015, the parties reached a settlement agreement in which the Company is obligated to pay $ 90, which is accrued for. e. Royalty Commitments: 1. Under the Company's agreement for purchasing print heads and other products, which was amended and restated in 2015, the Company is obligated to pay royalties at a rate set forth in the agreement up to an agreed maximum amount of the Company’s annual ink revenues. Royalties'- expenses for the years ended December 31, 2013, 2014 and 2015 were $563, $590 and $625, respectively. 2. The Company received research and development grants from the Office of the Chief Scientist (the "OCS"). In consideration for the research and development grants received from the OCS, the Company had undertaken to pay royalties as a percentage of revenues from products developed from research and development projects financed. The royalty rate is 3.5%. If the Company does not generate sales of products developed with funds provided by the OCS, the Company is not obligated to pay royalties or repay the grants. Royalties are payable from the time of commencement of sales of all of these products until the cumulative amount of the royalties paid equals 100% of the dollar-linked amounts of the grants received, and bears interest at the LIBOR rate. The total research and development grants that the Company has received from the OCS as of December 31, 2015 were $ 168. The accumulated interest as of December 31, 2015 was $ 8. At the end of 2015 the Company decided to repay its grant in full to the OCS in the amount of $ 176, in addition to royalties paid during the year and settled its obligations to the OCS. f. Guarantees: As of December 31, 2015, the Company provided two bank guarantees of $ 204 in the aggregate for its rented facilities.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity / Accumulated Other Comprehensive Income (Loss) [Abstract]
SHAREHOLDERS' EQUITY	NOTE 9:- SHAREHOLDERS' EQUITY a. Company's shares: Ordinary shares: Any ordinary share confers equal rights to dividends and bonus shares, and to participate in the distribution of surplus assets upon liquidation in proportion to the par value of each share regardless of any premium paid thereon, all subject to the provisions of the Company’s articles of association. Each ordinary share confers its holder the right to participate in the general meeting of the Company and one vote in the voting. Preferred A-1 shares: On April 8, 2015 the Company its IPO and all preferred shares were converted to ordinary shares. b. Stock option plan: A summary of the Company’s stock option activity and related information is as follows: Number of shares upon exercise Weighted average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 2,578,328 $ 1.47 5.61 $ 21,909 Granted 771,083 $ 12.91 9.13 174 Exercised (528,984 ) $ 0.82 2.47 5,281 Forfeited (51,423 ) $ 4.29 6.57 - Outstanding at end of year 2,769,004 $ 4.74 7.19 $ 18,580 Exercisable at end of year 1,092,935 $ 1.43 5.00 $ 10,254 Vested and expected to vest 2,581,392 $ 4.41 7.07 $ 17,931 As of December 31, 2015, $ 8,237 in unrecognized compensation cost related to stock options is expected to be recognized over a weighted average vesting period of 2.99 years. The weighted average fair value of options granted during the years ended December 31, 2013, 2014 and 2015 was 2.47, 4.46 and 7.11 per share, respectively. The weighted average fair value of options vested during the year ended December 31, 2015 was $2.151. c. The options outstanding as of December 31, 2015, have been classified by exercise price, as follows: Options outstanding at December 31, 2015 Options exercisable at December 31, 2015 Exercise price Number Weighted Weighted Number Weighted Weighted $ $ In years $ In years 0.4-0.9 445,750 0.64 2.13 410,525 0.64 2.04 1.1-1.6 419,525 1.40 5.30 295,016 1.34 4.53 2.1-2.2 1,145,232 2.13 8.47 379,894 2.13 8.46 10 209,822 9.97 8.38 - - - 13.0-15.3 548,675 14.06 9.63 7,500 12.97 9.75 2,769,004 1,092,935 d. The Company’s Board approved option plans pursuant to which the Company is authorized to issue to employees, directors and officers of the Company and its subsidiaries (the “optionees”) options to purchase ordinary shares of NIS 0.01 par value each. Under the plans, options granted before 2014 generally vest in portions as follows: 50% of total options are exercisable two years after the date determined for each optionee, a further 25% three years after the date determined for each optionee and a 25% four years after the date determined for each optionee. Starting 2014, 25% of total options are exercisable one year after the date determined for each optionee and a further 6.25% at the end of each subsequent three month period for 3 years. Options that have vested are exercisable for up to 10 years from the grant date of the options to each employee. During 2015, the Board of Directors approved an increase in the ordinary shares reserved for issuance to 3,889,173 ordinary shares. As of December 31, 2015, an aggregate of 1,130,259 ordinary shares were available for future grants.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 10:- EARNINGS PER SHARE The following table sets forth the computation of basic and diluted net earnings per share: Year ended December 31, 2013 2014 2015 Numerator for basic and diluted net earnings per share: Net income $ 1,134 $ 3,023 $ 4,725 Weighted average shares outstanding, net of treasury stock: Denominator for basic net earnings per share 8,953,565 8,969,588 24,633,369 Effect of dilutive securities: Employee stock options 926,484 1,476,741 1,825,215 Denominator for diluted net earnings per share 9,880,049 10,446,329 26,458,584 Basic net earnings per share $ 0.13 $ 0.34 $ 0.19 Diluted net earnings per share $ 0.11 $ 0.29 $ 0.18

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity / Accumulated Other Comprehensive Income (Loss) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 11:- ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes in accumulated balances of other comprehensive income (loss): Unrealized gains Unrealized gains Foreign Total Year ended December 31, 2015: Beginning balance - - $ (146 ) $ (146 ) Other comprehensive income (loss) before reclassifications $ (227 ) $ 5 $ 118 $ (104 ) Amounts reclassified from accumulated other comprehensive income (loss) - (33 ) - (33 ) Net current period other comprehensive income (loss) (227 ) (28 ) 118 (137 ) Ending Balance $ (227 ) $ (28 ) $ (28 ) $ (283 )

Taxes on Income

Taxes on Income	12 Months Ended
	Dec. 31, 2015
Taxes on Income [Abstract]
TAXES ON INCOME	NOTE 12:- TAXES ON INCOME a. Tax rates: Taxable income of the Israeli companies is subject to the Israeli corporate tax at the rate as follows: 2013– 25%, 2014 and 2015 -. 26.5% On January 4, 2016, the Israeli Parliament's Plenum approved by a second and third reading the Bill for Amending the Income Tax Ordinance (No. 217) (Reduction of Corporate Tax Rate) which consists of the reduction of the corporate tax rate from 26.5% to 25%, effective January 1, 2016. b. Tax benefits under the Law for the Encouragement of Capital Investments, 1959 (the “Law”): The Company’s production facilities in Israel have been granted “Beneficiary Enterprise” status under the Law. The Companies have been granted the “Alternative Benefit Track” under which the main benefits are a tax exemption for undistributed income and a reduced tax rate. The duration of tax benefits is subject to a limitation of the earlier of 12 years from commencement of production, or 14 years from the approval date. The Israeli Companies began to utilize such tax benefits in 2010. The entitlement to the above benefits is conditional upon the Company and its subsidiary fulfilling the conditions stipulated by the Law and regulations published. In the event of failure to comply with these conditions, the benefits may be partially or fully canceled and the Company or its subsidiary may be required to refund the amount of the benefits, in whole or in part, plus a consumer price index linkage adjustments and including interest. Income from sources other than the “Beneficiary Enterprise” are subject to the tax at the regular rate. In the event of distribution of dividends from the above mentioned tax-exempt income, the amount distributed will be subject to the same reduced corporate tax rate that would have been applied to the Beneficiary Enterprise’s income. In addition tax-exempt income attributed to the Beneficiary Enterprise will subject the Company to taxes upon distribution in any manner including complete liquidation. The Company does not intend to distribute any amounts of its undistributed tax-exempt income as dividend. The Company and its board of directors intend to reinvest its tax-exempt income and not to distribute such income as a dividend. Accordingly, no deferred income taxes have been provided on income attributable to the Company’s Beneficiary Enterprise programs as the undistributed tax exempt income is essentially permanent by reinvestment. As of December 31, 2015, tax-exempt income of $36,704 is attributable to the Company’s and its subsidiary’s various Beneficiary Enterprise programs. If such tax exempt income is distributed, it would be taxed at the reduced corporate tax rate applicable to such income, and $9,176 would be incurred as of December 31, 2015. A January 2011 amendment to the Law sets alternative benefit tracks to those previously in place, as follows: an investment grants track designed for enterprises located in national development zone A and two new tax benefits tracks (“Preferred Enterprise” and “Special Preferred Enterprise”), which provide for application of a unified tax rate to all preferred income of the company, as defined in the Law. The 2011 Amendment canceled the availability of the benefits granted in accordance with the provisions of the Law prior to 2011 and, instead, introduced new benefits for income generated by a “Preferred Company” through its Preferred Enterprise (as such term is defined in the Law) effective as of January 1, 2011 and thereafter. A Preferred Company is defined as either (i) a company incorporated in Israel and not fully owned by a governmental entity or (ii) a limited partnership that: (a) was registered under the Partnerships Ordinance; (b) all of its limited partners are companies incorporated in Israel, but not all of them are governmental entities, which, among other things, has Preferred Enterprise status and are controlled and managed from Israel. Pursuant to the 2011 Amendment, a Preferred Company is entitled to a reduced corporate flat tax rate of 15% with respect to its preferred income derived by its Preferred Enterprise in 2011-2012, unless the Preferred Enterprise is located in a certain development zone, in which case the rate will be 10%. Such corporate tax rate were reduced to 12.5% and 7%, respectively, in 2013 and increased to 16% and 9% in 2014 and thereafter. Income derived by a Preferred Company from a “Special Preferred Enterprise” (as such term is defined in the Investment Law) would be entitled, during a benefits period of 10 years, to further reduced tax rates of 8%, or to 5% if the Special Preferred Enterprise is located in a certain development zone. Dividends paid out of income attributed to a Preferred Enterprise are generally subject to withholding tax at source at the rate of 15% (20% from 2014) or such lower rate as may be provided in an applicable tax treaty. However, if such dividends are paid to an Israeli company, no tax will be withheld. The 2011 Amendment also provided transitional provisions to address companies already enjoying current benefits. a Beneficiary Enterprise can elect to continue to benefit from the benefits provided to it before the 2011 Amendment came into effect, provided that certain conditions are met, or file a request with the Israeli Tax Authority according to which its income derived as of January 1, 2011 will be subject to the provisions of the Law as amended in 2011. The Company has examined the possible effect, of these provisions of the 2011 Amendment on its financial statements and has decided, not to opt to apply the new benefits under the 2011 Amendment for the Israeli parent company and for its Israeli subsidiary it elected to apply the benefit under the 2011 Amendment. Tax benefits under the Israeli Law for the Encouragement of Industry (Taxation), 1969: The Israeli companies are an “Industrial Company” as defined by the Israeli Law for the Encouragement of Industry (Taxation), 1969, and, as such, are entitled to certain tax benefits including accelerated depreciation, deduction of public offering expenses in three equal annual installments and amortization of other intangible property rights for tax purposes. c. Income taxes of non-Israeli subsidiaries: Non-Israeli subsidiaries are taxed according to the tax laws in their respective countries of residence. Taxes were not provided for undistributed earnings of the Company’s foreign subsidiaries. The Company’s board of directors has determined that the Company does not currently intend to distribute any amounts of its undistributed earnings as dividend. The Company intends to reinvest these earnings indefinitely in the foreign subsidiaries. Accordingly, no deferred income taxes have been provided. If these earnings were distributed to Israel in the form of dividends or otherwise, the Company would be subject to additional Israeli income taxes (subject to an adjustment for foreign tax credits) and foreign withholding taxes. The amount of undistributed earnings of foreign subsidiaries that are considered to be reinvested as of December 31, 2015 was $3,052. d. Final tax assessments: The Company and its Israeli subsidiary received final tax assessments through 2010. The U.S subsidiary received final tax assessment through 2010 and the German and the Hong Kong Subsidiaries have not received a final tax assessment since inception. e. Carryforward losses for tax purposes: Carryforward operating tax losses of the Company’s Israeli subsidiary total approximately $16,481 as of December 31, 2015 and may be used indefinitely. f. Deferred income taxes: Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's and its subsidiaries' deferred tax liabilities and assets are as follows: December 31, 2014 2015 Carryforward tax losses $ 1,349 $ 1,536 Temporary differences 1,715 2,086 Deferred tax assets before valuation allowance 3,064 3,622 Valuation allowance 2,741 3,287 Net deferred tax asset 323 Deferred tax liability 122 77 Net deferred tax assets $ 201 $ 258 The net change in the valuation allowance primarily reflects an increase in deferred tax assets on net operating and other temporary differences for which full valuation allowance is recorded. g. Taxes on income are comprised as follows: Year ended December 31, 2013 2014 2015 Current taxes $ 1,435 $ 914 $ 766 Deferred taxes (42 ) (132 ) (57 ) $ 1,393 $ 782 $ 709 Domestic $ 1,012 $ 201 $ (113 ) Foreign 381 581 822 $ 1,393 $ 782 $ 709 Year ended December 31, 2013 2014 2015 Domestic taxes: Current taxes $ 1,012 $ 201 $ (113 ) Foreign taxes: Current taxes 423 713 879 Deferred taxes (42 ) (132 ) (57 ) 381 581 822 Taxes on income $ 1,393 $ 782 $ 709 h. Uncertain tax positions: A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: Year ended December 31, 2014 2015 Beginning of year $ 1,075 $ 1,187 Decrease related to prior years’ positions (113 ) Increase related to current year positions 112 Balance at December 31 $ 1,187 $ 1,074 As of December 31, 2015, the entire amount of the unrecognized tax benefits could affect the Company's income tax provision and the effective tax rate. During the years ended December 31, 2013, 2014 and 2015, an amount of $75, $(79) and $26, respectively, was added to the unrecognized tax benefits derived from interest and exchange rate differences expenses related to prior years' uncertain tax positions. As of December 31, 2014 and 2015, the Company had accrued interest related to uncertain tax positions in the amounts of $82 and $96 respectively, which is included within income tax accrual on the balance sheets. Exchange rate differences are recorded within financial income, net, while interest is recorded within income tax expense. The Company believes that it has adequately provided for any reasonably foreseeable outcome related to tax audits and settlement. The final tax outcome of its tax audits could be different from that which is reflected in the Company's income tax provisions and accruals. Such differences could have a material effect on the Company's income tax provision and net income in the period in which such determination is made. i. A reconciliation between the theoretical tax expense, assuming all income is taxed at the statutory tax rate applicable to income of the Company and the actual tax expense as reported in the statement of operations is as follows: Year ended December 31, 2013 2014 2015 Income before taxes, as reported in the consolidated statements of income $ 2,527 $ 3,805 $ 5,434 Theoretical tax expense on the above amount at the Israeli statutory tax rate $ 632 $ 1,008 $ 1,440 Tax adjustment in respect of different tax rate of foreign subsidiaries 98 44 101 Non-deductible expenses and other permanent differences 79 190 184 Deferred taxes on losses and other temporary differences for which valuation allowance was provided, net 1,691 218 546 Stock compensation relating to stock options per ASC No. 718 44 238 606 Beneficiary enterprise benefits (*) (1,157 ) (937 ) (1,685 ) Foreign exchange differences (**) - (96 ) (375 ) Increase (decrease) in other uncertain tax positions—net - 112 (113 ) Other 6 5 5 Actual tax expense $ 1,393 $ 782 $ 709 (*) Basic earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status 0.13 0.06 0.19 Diluted earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status 0.12 0.05 0.17 (**) Results for tax purposes are measured under, Measurement of results for tax purposes under the Income Tax (Inflationary Adjustments) Law, 1985, in terms of earnings in NIS. As explained in Note 2b, the financial statements are measured in U.S. dollars. The difference between the annual changes in the NIS/dollar exchange rate causes a difference between taxable income and the income before taxes shown in the financial statements. In accordance with ASC 740-10-25-3(F), the Company has not provided deferred income taxes in respect of the difference between the functional currency and the tax bases of assets and liabilities. j. Income before income taxes is comprised as follows: Year ended December 31, 2013 2014 2015 Domestic $ 1,532 $ 2,212 $ 3,204 Foreign 995 1,593 2,230 Income before income taxes $ 2,527 $ 3,805 $ 5,434

Geographic Inforomation

Geographic Inforomation	12 Months Ended
	Dec. 31, 2015
Geographic Inforomation [Abstract]
GEOGRAPHIC INFOROMATION	NOTE 13:- GEOGRAPHIC INFORMATION Summary information about geographic areas: The Company operates in one reportable segment (see Note 1 for a brief description of the Company's business). The total revenues are attributed to geographic areas based on the location of the end-users. The following table presents total revenues for the years ended December 31, 2013, 2014 and 2015 and long-lived assets as of December 31, 2014 and 2015: Year ended December 31, 2013 2014 2015 Revenues from sales to customers located in: United States $ 22,022 $ 33,188 $ 45,605 America – (non-U.S) 5,732 3,564 3,185 EMEA 14,311 18,004 21,600 Asia Pacific – other 7,330 11,608 16,015 $ 49,395 $ 66,364 $ 86,405 December 31, 2014 2015 Long-lived assets, by geographic region: America (principally the United States) $ 304 $ 314 Israel 2,961 3,851 EMEA 145 275 Asia Pacific 250 338 $ 3,660 $ 4,778 Major distributors data as a percentage of total revenues: The following table sets forth the distributors that represented 10% or more of the Company’s total revenues in each of the periods set forth below Year ended December 31, 2013 2014 2015 Customer A 20 % 25 % 18 % Customer B 13 % 15 % 15 %

Selected Statements of Income D

Selected Statements of Income Data	12 Months Ended
	Dec. 31, 2015
Selected Statements of Income Data [Abstract]
SELECTED STATEMENTS OF INCOME DATA	NOTE 14:- SELECTED STATEMENTS OF INCOME DATA a. Financial expenses, net: Year ended December 31, 2013 2014 2015 Financial income: Interest on bank deposits and other $ 19 $ 8 $ 156 Foreign currency translation differences 425 811 18 Interest on marketable securities - - 260 444 819 434 Financial expenses: Bank charges (117 ) (166 ) (160 ) Foreign currency translation differences (787 ) (668 ) (495 ) Amortization of premium - - (113 ) Total financial expense: $ 460 $ 15 $ 334

Balances and Transactions with

Balances and Transactions with Related Parties	12 Months Ended
	Dec. 31, 2015
Balances and Transactions with Related Parties [Abstract]
BALANCES AND TRANSACTIONS WITH RELATED PARTIES	NOTE 15:- BALANCES AND TRANSACTIONS WITH RELATED PARTIES The Company's policy is to enter into transactions with related parties on terms that, on the whole, are no less favorable, than those available from unaffiliated third parties. Based on the Company experience in the business sectors in which it operates and the terms of its transactions with unaffiliated third parties, the Company believe that all of the transactions described below met this policy standard at the time they occurred. Fortissimo Capital Fund II (GP), L.P ("Fortissimo") Fortissimo is the controlling shareholder of the Company. Pursuant to a management fee agreement between the Company and Fortissimo, the Company was required to pay Fortissimo an annual fee of $120 plus an amount equal to 5% of the Company’s net income, as defined in the management services agreement, up to a maximum of $250 per year. During the years ended December 31, 2013, 2014 and 2015 the Company recorded an expense of $120, $160 and $30, respectively, in respect of payments to Fortissimo. In March 2015 the Company and Fortissimo agreed to terminate the management service agreement upon the consummation of an IPO. Under the agreement the Company agreed to pay Fortissimo a one-time payment of $750.

Significant Accounting Polici24

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Significant Accounting Policies [Abstract]
Use of estimates:	a. Use of estimates: The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. Actual results could differ from those estimates. On an ongoing basis, the Company's management evaluates estimates, including those related to fair value and useful life of intangible assets .
Financial statements in United States dollars:	b. Financial statements in United States dollars: A majority of the revenues of the Company and its subsidiaries are denominated in U.S. dollars (“dollar” or “dollars”). The Company’s management believes that the dollar is the primary currency of the economic environment in which the Company and its subsidiaries, other than the Company’s German subsidiary, operate. Thus, the functional and reporting currency of the Company and its subsidiaries, other than the Company’s German subsidiary, is the dollar. Accordingly, monetary accounts maintained in currencies other than the dollar are re-measured into U.S. dollars in accordance with Accounting Standards Codification (“ASC”) No. 830 “Foreign Currency Matters”. Changes in currency exchange rates between the Company’s functional currency and the currency in which a transaction is denominated are included in the Company’s results of operations as finance expenses, net in the period in which the currency exchange rates change. For the Company’s subsidiary in Germany whose functional currency is the Euro all amounts on the balance sheets have been translated into the dollar using the exchange rates in effect on the relevant balance sheet dates. All amounts in the statements of income have been translated into the dollar using the exchange rate on the respective dates on which those elements are recognized. The resulting translation adjustments are reported as a component of accumulated other comprehensive income in shareholders’ equity.
Principles of consolidation:	c. Principles of consolidation: The consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions including profits from intercompany have been eliminated upon consolidation.
Cash equivalents:	d. Cash equivalents: Cash equivalents are short-term highly liquid investments that are readily convertible to cash with original maturities of three months or less, at acquisition.
Short-term deposits:	e. Short-term deposits: Short-term bank deposits are deposits with an original maturity of more than three months but less than one year from the date of acquisition. The deposits are presented at their cost including accrued interest.
Marketable securities	f. Marketable securities The Company accounts for investments in marketable securities in accordance with ASC 320, "Investments - Debt and Equity Securities". Management determines the appropriate classification of its investments in debt securities at the time of purchase and re-evaluates such determinations at each balance sheet date. The Company classifies marketable securities as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses reported in "accumulated other comprehensive income (loss)" in shareholders' equity. Realized gains and losses on sales of investments are included in finance expenses, net. The amortized cost of marketable securities is adjusted for amortization of premium and accretion of discount to maturity, both of which, together with interest, are included in finance expenses, net. The Company recognizes an impairment charge when a decline in the fair value of its investments in debt securities below the cost basis of such securities is judged to be other-than-temporary. Factors considered in making such a determination include the duration and severity of the impairment, the reason for the decline in value, the potential recovery period and the Company's intent to sell, including whether it is more likely than not that the Company will be required to sell the investment before recovery of cost basis. For securities that are deemed other-than-temporarily impaired (“OTTI”), the amount of impairment is recognized in the statement of operations and is limited to the amount related to credit losses, while impairment related to other factors is recognized in other comprehensive income (loss). The Company did not recognize OTTI on its marketable securities in 2015.
Inventories:	g. Inventories: Inventories are measured at the lower of cost or market value. The cost of inventories comprises costs of purchase and costs incurred in bringing the inventories to their present location and condition. Inventory write-down is measured as the difference between the cost of the inventory and market based upon assumptions about future demand, and is charged to the cost of sales. Cost of inventories is determined as follows: Raw and packing materials - on the basis of weighted average cost. Finished goods - on the basis of average costs of materials, and other direct manufacturing cost. Inventory write off have been provided to cover risks arising from dead and slow moving items, technological obsolescence and excess inventories according to revenue forecasts. During the years ended December 31, 2013, 2014 and 2015 the Company recorded inventory write off in a total amount of $369, $287 and $824, respectively.
Property and equipment:	h. Property and equipment: Property and equipment are measured at cost, including directly attributable costs, less accumulated depreciation and amortization and accumulated impairment losses. Depreciation and amortization is calculated on a straight-line basis over the useful life of the assets at annual rates as follows: % Office furniture and equipment 7 - 20 Computer, peripheral equipment and software 33 Machinery and equipment 15 Leasehold improvements *) *) Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement.
Intangible assets:	i. Intangible assets: Acquired Intangible assets with definite lives are amortized over their estimated useful lives. The Company amortizes intangible assets on a straight-line basis with definite lives over periods ranging from six and a half to ten years.
Impairment of long lived assets and intangible assets subject to amortization:	j. Impairment of long lived assets and intangible assets subject to amortization: Property and equipment and intangible assets subject to amortization are reviewed for impairment in accordance with ASC No. 360, "Accounting for the Impairment or Disposal of Long-Lived Assets," whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted cash flows expected to be generated by the assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. During the years ended December 31, 2013, 2014 and 2015, no impairment losses were recorded.
Business combinations:	k. Business combinations: The Company accounted for business combinations in accordance with ASC No. 805, "Business Combinations" (ASC No. 805"). ASC No. 805 requires recognition of assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date, measured at their fair values as of that date. Any excess of the fair value of net assets acquired over purchase price and any subsequent changes in estimated contingencies are to be recorded in consolidated statements of income. In addition, changes in valuation allowance related to acquired deferred tax assets and in acquired income tax position are to be recognized in consolidated statements of income. Acquisition related costs are expensed to the statements of income in the period incurred.
Revenue recognition:	l. Revenue recognition: The Company generates revenues from the sale of its systems, inks and consumable products and from services to its products. The Company generates revenues from sale of its products directly to end-users and indirectly through independent distributors. Revenues from system sales are recognized in accordance with ASC No. 605, "Revenue Recognition" upon installation, provided that the collection of the resulting receivable is probable, there is persuasive evidence of an arrangement, no significant obligations in respect of installation remain and the price is fixed or determinable. Revenues from selling these products to independent distributors who do not install the systems are deferred until the Company’s products are installed in the customers’ premises by the Company’s service and support teams, provided that all other revenue recognition criteria are met. Revenues from selling products to independent distributors who install these systems are recognized upon delivery, provided that all other revenue recognition criteria are met. In respect of sale of products, installation of the systems and training, the Company considers the element in the arrangement to be a single unit of accounting. In accordance with ASC 605, the Company has concluded that its arrangements are generally consistent with the indicators suggesting that installation and training are essential to the functionality of the systems. Therefore, the Company recognizes revenue for the systems only upon installation and training when installation and training are the Company's responsibility. When the installation and training are not being performed by the Company, the Company would recognize the revenues upon delivery in accordance with the agreed-upon delivery terms once all other revenue recognition criteria have been met. The Company considers all arrangements with payment terms extending beyond the standard payment terms not to be fixed or determinable. If the fee is not fixed or determinable, revenue is recognized as payments become due from the customer, provided that all other revenue recognition criteria have been met. Revenues from ink and other consumable products when sold separately are generally recognized upon shipment assuming all other revenue recognition criteria have been met. Although, in general, the Company does not grant rights of return, there are certain instances where such rights are granted. The Company maintains a provision for returns in accordance with ASC 605, which is estimated, based primarily on historical experience as well as management judgment, and is recorded as reduction of revenue. Such provision amounted to $84, $348 and $ 396 as of December 31, 2013, 2014 and 2015, respectively. Deferred revenue includes amounts received from customers for which revenue has not yet been recognized. In cases where the Company’s customers trade-in old systems as part of sales of new systems, the fair value of the old systems is recorded as inventory, provided that such value can be determined.
Shipping and Handling:	m. Shipping and Handling: Shipping and handling fees charged to the Company's customers are recognized as revenue in the period shipped and the related costs for providing these services are recorded as a cost of revenues. Revenues from shipping in the years ended December 31, 2013, 2014 and 2015 were $681, $931 and $719 respectively.
Cost of revenues:	n. Cost of revenues: Cost of revenues is comprised mainly of cost of systems and ink production, employees' salaries and related costs, allocated overhead expenses, import taxes and royalties.
Warranty costs:	o. Warranty costs: The Company generally provides a one year warranty for all of its systems. A provision is recorded for estimated warranty costs at the time revenues are recognized based on historical warranty costs and management's estimates. Factors that affect the Company's warranty liability include the number of systems, historical rates of warranty claims and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts thereof as necessary. The followings are the changes in the liability for product warranty from January 1, 2014 to December 31, 2015: Balance at January 1, 2014 471 Provision for warranties issued during the year 1,354 Reduction for payments and costs to satisfy claims (1,141 ) Balance at December 31, 2014 684 Provision for warranties issued during the year 1,700 Reduction for payments and costs to satisfy claims (1,444 ) Balance at December 31, 2015 940
Research and development expenses:	p. Research and development expenses: Research and development expenses are charged to the statement of income, as incurred.
Accounting for share-based compensation:	q. Accounting for share-based compensation: The Company accounts for share based compensation in accordance with ASC No. 718, "Compensation - Stock Compensation" that requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense over the requisite service periods in the Company's consolidated statement of income. ASC No. 718 requires forfeitures to be estimated at the time of the grant and revised in subsequent periods if actual forfeitures differ from those estimates. The Company selected the binomial option pricing model as the most appropriate fair value method for its share-based compensation awards with the following assumptions for the years ended December 31, 2013, 2014 and 2015: Year ended December 31, 2013 2014 2015 Suboptimal exercise multiple 3.0-10.0 2.0-10.0 2.0-2.5 Risk free interest rate 0.1%-2.5 % 0.1%-2.5 % 0.2%-2.2 % Volatility 50%-55 % 50%-55 % 50%-55 % Dividend yield 0 % 0 % 0 % The expected volatility is based on volatility of similar companies whose share prices are publicly available over an historical period equivalent to the option's expected term. The computation of the suboptimal exercise multiple based on empirical studies, the early exercise factor of public companies is approximately 100% for employees and 150% for managers. The early exercise factor of grantees in private companies is expected to be higher due to the lack of marketability that leads to longer exercise period of the options. The forfeiture rates are based the activity status of the options granted between the years 2004 and 2015. The interest rate for period within the contractual life of the award is based on the U.S. Treasury Bills yield curve in effect at the time of grant. The Company currently has no plans to distribute dividends and intends to retain future earnings to finance the development of its business. The following table sets forth the total share based compensation expense included in the consolidated statements of income for the years ended December 31, 2013, 2014 and 2015: Year ended December 31, 2013 2014 2015 Cost of revenues $ 11 $ 96 $ 306 Research and development 21 86 281 Sales and marketing 66 207 537 General and administrative 28 508 1,259 Total share-based compensation expense $ 126 $ 897 $ 2,383
Derivatives and hedging:	r . Derivatives and hedging: The Company accounts for derivatives and hedging based on ASC No. 815, "Derivatives and Hedging" ("ASC No. 815"). ASC No. 815 requires the Company to recognize all derivatives on the balance sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and further, on the type of hedging relationship. According to ASC No. 815, for derivative instruments that are designated and qualify as hedging instruments, the Company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation. If the derivatives meet the definition of a hedge and are so designated, depending on the nature of the hedge, changes in the fair value of such derivatives will either be offset against the change in fair value of the hedged assets, liabilities, or firm commitments through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative's change in fair value is recognized in earnings. Starting 2015, the Company entered into forward and option contracts to hedge against the risk of overall changes in future cash flow from payments of payroll and related expenses denominated in New Israeli Shekels ("NIS"). As of December 31, 2015, the fair value of the Company's outstanding forward and option contracts amounted to $28 which is included within accrued expenses and other current liabilities in the balance sheets. The Company measured the fair value of these contracts in accordance with ASC No. 820, "Fair Value Measurements and Disclosures" ("ASC No. 820"), and they were classified as level 2. As of December 31, 2015, the notional principal amount of the hedging contracts to sell U.S. dollars held by the Company was $8,453.
Advertising	s. Advertising Advertising costs are charged to operations as incurred and were $501, $437 and $283 for the years ended December 31, 2013, 2014 and 2015, respectively.
Income taxes:	t. Income taxes: The Company accounts for income taxes and uncertain tax positions in accordance with ASC No. 740, "Income Taxes" ("ASC No. 740"). ASC No. 740 prescribes the use of the liability method, whereby deferred tax asset and liability account balances are determined based on temporary differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to amounts more likely than not to be realized. ASC No. 740 contains a two-step approach to recognizing and measuring a liability for uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. The Company accrues interest and penalties related to unrecognized tax benefits on its taxes on income. In November 2015, the FASB issued Accounting Standards Update No. 2015-17 (ASU 2015-17) “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes”. ASU 2015-17 simplifies the presentation of deferred income taxes by eliminating the separate classification of deferred income tax liabilities and assets into current and noncurrent amounts in the consolidated balance sheet statement of financial position. The amendments in the update require that all deferred tax liabilities and assets be classified as noncurrent in the consolidated balance sheet. The amendments in this update are effective for annual periods beginning after December 15, 2016, and interim periods therein and may be applied either prospectively or retrospectively to all periods presented. Early adoption is permitted. The Company has early adopted this standard in the fourth quarter of 2015 on a retrospective basis. Prior periods have been retrospectively adjusted. As a result of the adoption of ASU 2015-17, the Company made the following adjustments to the 2014 balance sheet: a $323 decrease to current deferred tax assets, a $201 increase to noncurrent deferred tax asset and a decrease of $122 to noncurrent deferred tax liability.
Concentrations of credit risks:	u. Concentrations of credit risks: Financial instruments that potentially subject the Company and its subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents, bank deposits, marketable securities, foreign exchange contracts and trade receivables. The majority of the Company's and its subsidiaries' cash and cash equivalents, bank deposits and marketable securities are invested in major banks in Israel and the U.S. Generally, these cash equivalents may be redeemed upon demand and, therefore management believes that it bears a lower risk. The Company attempt to limit its exposure to interest rate risk by investing in securities with maturities of less than three years; however, The Company may be unable to successfully limit its risk to interest rate fluctuations. At any time, a sharp rise in interest rates could have a material adverse impact on the fair value of its investment portfolio. Conversely, declines in interest rates could have a material favorable impact on the fair value of its investment portfolio. Increases or decreases in interest rates could have a material impact on interest earnings related to new investments during the period. The trade receivables of the Company and its subsidiaries are mainly derived from sales to customers located in the United States, Europe, the Middle East, Africa and Asia Pacific. The Company performs ongoing credit evaluations of its customers. An allowance for doubtful accounts is determined with respect to those amounts that the Company has determined to be doubtful of collection. In certain circumstances, the Company may require from its customers letters of credit, other collateral or additional guarantees. Bad debt expenses for the years ended December 31, 2013, 2014 and 2015, were 0, 0 and $21 respectively.
Severance pay:	v. Severance pay: The majority of the Company's employees in Israel have subscribed to Section 14 of Israel's Severance Pay Law, 5723-1963 ("Section 14"). Pursuant to Section 14, the Company's employees, covered by this section, are entitled only to monthly deposits, at a rate of 8.33% of their monthly salary, made on their behalf by the Company. Payments in accordance with Section 14 release the Company from any future the severance liabilities in respect of those employees. Neither severance pay liability nor severance pay fund under Section 14 for such employees is recorded on the Company's balance sheet. With regards to employees in Israel that are not subject to Section 14, the Company's liability for severance pay is calculated pursuant to the Severance Pay Law, based on the most recent salary of the relevant employees multiplied by the number of years of employment as of the balance sheet date. These employees are entitled to one month salary for each year of employment or a portion thereof. The Company's liability for these employees is fully provided for via monthly deposits with severance pay funds, insurance policies and an accrual. The value of these deposits is recorded as an asset on the Company's balance sheet. The deposited funds include profits accumulated up to the balance sheet date. The deposited funds may be withdrawn only upon the fulfillment of the obligation pursuant to the Severance Pay Law or labor agreements. Severance pay expenses for the years ended December 31, 2013, 2014 and 2015 were $620, $1,015 and $1,354 respectively.
Fair value of financial instruments:	w. Fair value of financial instruments: The carrying amount of cash, cash equivalents, short term bank deposits, trade receivables, other accounts receivable, trade payables and other accounts payable approximates fair value due to the short-term maturities of these instruments. Marketable securities and derivative instruments are carried at fair value. In determining fair value, the Company uses various valuation approaches. ASC 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company's assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the inputs as follows: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. Level 2 - Valuations based on one or more quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company measures its marketable securities and foreign currency derivative instruments at fair value. Marketable securities and foreign currency derivative instruments are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.
Comprehensive income:	x . Comprehensive income: The Company accounts for comprehensive income in accordance with FASB ASC No. 220, "Comprehensive Income." Comprehensive income generally represents all changes in shareholders' equity during the period except those resulting from investments by, or distributions to, shareholders. The Company determined that its items of other comprehensive income relate to gains and losses on hedging derivative instruments, unrealized gains and losses on available-for-sale securities and unrealized gain and losses from foreign currency translation adjustments.
Basic and diluted net income per share:	y . Basic and diluted net income per share: Basic net income per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during each period, plus dilutive potential ordinary shares considered outstanding during the period, in accordance with ASC No. 260, "Earnings Per Share". For the years ended December 31, 2013 and 2014 all outstanding options have been included at the calculation of the diluted earnings per share since their effect was dilutive. The total number of shares related to the outstanding options excluded from the calculation of diluted net earnings per share was 762,152 for the year ended December 31, 2015.
Impact of recently issued accounting standard not yet adopted:	Impact of recently issued accounting standard not yet adopted: 1. In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09) "Revenue from Contracts with Customers." ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605)”, and requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. 2. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)", which will replace the existing guidance in ASC 840, "Leases." The updated standard aims to increase transparency and comparability among organizations by requiring lessees to recognize lease assets and lease liabilities on the balance sheet and requiring disclosure of key information about leasing arrangements. This ASU is effective for annual periods beginning after December 15, 2018, and interim periods within those annual periods; early adoption is permitted and modified retrospective application is required. The Company is in the process of evaluating this guidance to determine the impact it will have on its financial statements.

Significant Accounting Polici25

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Significant Accounting Policies [Abstract]
Schedule of property and equipment on a straight-line basis over the useful life of the assets	% Office furniture and equipment 7 - 20 Computer, peripheral equipment and software 33 Machinery and equipment 15 Leasehold improvements *) *) Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement.
Schedule of changes in liability for product warranty	Balance at January 1, 2014 471 Provision for warranties issued during the year 1,354 Reduction for payments and costs to satisfy claims (1,141 ) Balance at December 31, 2014 684 Provision for warranties issued during the year 1,700 Reduction for payments and costs to satisfy claims (1,444 ) Balance at December 31, 2015 940
Schedule of fair value method for share-based compensation awards	Year ended December 31, 2013 2014 2015 Suboptimal exercise multiple 3.0-10.0 2.0-10.0 2.0-2.5 Risk free interest rate 0.1%-2.5 % 0.1%-2.5 % 0.2%-2.2 % Volatility 50%-55 % 50%-55 % 50%-55 % Dividend yield 0 % 0 % 0 %
Schedule of total share based expense included in the consolidated statements of income	Year ended December 31, 2013 2014 2015 Cost of revenues $ 11 $ 96 $ 306 Research and development 21 86 281 Sales and marketing 66 207 537 General and administrative 28 508 1,259 Total share-based compensation expense $ 126 $ 897 $ 2,383

Available for Sale Marketable26

Available for Sale Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Available for Sale Marketable Securities [Abstract]
Summary of available-for-sale marketable securities	December 31, 2015 Amortized Gross unrealized Gross unrealized Fair Matures within one year: Corporate debentures 4,533 - (6 ) 4,527 Matures after one year through three years: Corporate debentures 29,373 1 (222 ) 29,152 Total $ 33,906 $ 1 $ (228 ) $ 33,679

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Inventories [Abstract]
Schedule of inventory	December 31 2014 2015 Raw materials and components $ 6,427 $ 8,724 Finished products (*) 5,559 7,079 $ 11,986 $ 15,803 (*) Includes amounts of $ 647 and $ 145 for the years ended December 31, 2014 and 2015, respectively, with respect to inventory delivered to customers but for which revenue criteria have not yet been met.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2015
Property and Equipment, Net [Abstract]
Summary of property and equipment net	Cost: Computer, peripheral equipment and software $ 1,067 $ 1,421 Office furniture and equipment 628 842 Machinery and equipment 4,587 5,996 Leasehold improvements 1,764 2,311 8,046 10,570 Accumulated depreciation and amortization (4,386 ) (5,792 ) Property and equipment, net $ 3,660 $ 4,778

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Assets, Net [Abstract]
Schedule of finite lived intangible assets	Weighted average amortization December 31 period 2014 2015 (years) Cost: Acquired technology 8.14 $ 566 $ 1,566 Accumulated amortization: Acquired technology 321 543 Intangible assets, net $ 245 $ 1,023
Summary of future amortization expenses	December 31, 2016 $ 223 2017 100 2018 100 2019 100 2020 and thereafter 500 Total $ 1,023

Other Payables and Accrued Ex30

Other Payables and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Other Payables and Accrued Expenses [Abstract]
Schedule of other payable and accrued expenses	December 31, 2014 2015 Government authorities $ 835 $ 344 Warranty provision 684 940 Professional services 229 248 Accrued expenses and other 858 1,098 $ 2,606 $ 2,630

Commitments and Contingent Li31

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingent Liabilities [Abstract]
Schedule of aggregate minimum lease and rental payments under non-cancelable operating leases	2016 1,725 2017 1,929 2018 1,560 2019 1,377 2020 and thereafter 1,727 8,318

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity / Accumulated Other Comprehensive Income (Loss) [Abstract]
Summary of company's stock option activity	Number of shares upon exercise Weighted average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 2,578,328 $ 1.47 5.61 $ 21,909 Granted 771,083 $ 12.91 9.13 174 Exercised (528,984 ) $ 0.82 2.47 5,281 Forfeited (51,423 ) $ 4.29 6.57 - Outstanding at end of year 2,769,004 $ 4.74 7.19 $ 18,580 Exercisable at end of year 1,092,935 $ 1.43 5.00 $ 10,254 Vested and expected to vest 2,581,392 $ 4.41 7.07 $ 17,931
Summary of stock options outstanding and stock options exercisable	Options outstanding at December 31, 2015 Options exercisable at December 31, 2015 Exercise price Number Weighted Weighted Number Weighted Weighted $ $ In years $ In years 0.4-0.9 445,750 0.64 2.13 410,525 0.64 2.04 1.1-1.6 419,525 1.40 5.30 295,016 1.34 4.53 2.1-2.2 1,145,232 2.13 8.47 379,894 2.13 8.46 10 209,822 9.97 8.38 - - - 13.0-15.3 548,675 14.06 9.63 7,500 12.97 9.75 2,769,004 1,092,935

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted net earnings per share	Year ended December 31, 2013 2014 2015 Numerator for basic and diluted net earnings per share: Net income $ 1,134 $ 3,023 $ 4,725 Weighted average shares outstanding, net of treasury stock: Denominator for basic net earnings per share 8,953,565 8,969,588 24,633,369 Effect of dilutive securities: Employee stock options 926,484 1,476,741 1,825,215 Denominator for diluted net earnings per share 9,880,049 10,446,329 26,458,584 Basic net earnings per share $ 0.13 $ 0.34 $ 0.19 Diluted net earnings per share $ 0.11 $ 0.29 $ 0.18

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity / Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized gains Unrealized gains Foreign Total Year ended December 31, 2015: Beginning balance - - $ (146 ) $ (146 ) Other comprehensive income (loss) before reclassifications $ (227 ) $ 5 $ 118 $ (104 ) Amounts reclassified from accumulated other comprehensive income (loss) - (33 ) - (33 ) Net current period other comprehensive income (loss) (227 ) (28 ) 118 (137 ) Ending Balance $ (227 ) $ (28 ) $ (28 ) $ (283 )

Taxes on Income (Tables)

Taxes on Income (Tables)	12 Months Ended
	Dec. 31, 2015
Taxes on Income [Abstract]
Schedule of deferred tax liabilities and assets	December 31, 2014 2015 Carryforward tax losses $ 1,349 $ 1,536 Temporary differences 1,715 2,086 Deferred tax assets before valuation allowance 3,064 3,622 Valuation allowance 2,741 3,287 Net deferred tax asset 323 335 Deferred tax liability 122 77 Net deferred tax assets $ 201 $ 258
Schedule of taxes on income	Year ended December 31, 2013 2014 2015 Current taxes $ 1,435 $ 914 $ 766 Deferred taxes (42 ) (132 ) (57 ) $ 1,393 $ 782 $ 709 Domestic $ 1,012 $ 201 $ (113 ) Foreign 381 581 822 $ 1,393 $ 782 $ 709 Year ended December 31, 2013 2014 2015 Domestic taxes: Current taxes $ 1,012 $ 201 $ (113 ) Foreign taxes: Current taxes 423 713 879 Deferred taxes (42 ) (132 ) (57 ) 381 581 822 Taxes on income $ 1,393 $ 782 $ 709
Schedule of unrecognized tax benefits	Year ended December 31, 2014 2015 Beginning of year $ 1,075 $ 1,187 Decrease related to prior years’ positions (113 ) Increase related to current year positions 112 Balance at December 31 $ 1,187 $ 1,074
Schedule of statutory tax rate	Year ended December 31, 2013 2014 2015 Income before taxes, as reported in the consolidated statements of income $ 2,527 $ 3,805 $ 5,434 Theoretical tax expense on the above amount at the Israeli statutory tax rate $ 632 $ 1,008 $ 1,440 Tax adjustment in respect of different tax rate of foreign subsidiaries 98 44 101 Non-deductible expenses and other permanent differences 79 190 184 Deferred taxes on losses and other temporary differences for which valuation allowance was provided, net 1,691 218 546 Stock compensation relating to stock options per ASC No. 718 44 238 606 Beneficiary enterprise benefits (*) (1,157 ) (937 ) (1,685 ) Foreign exchange differences (**) - (96 ) (375 ) Increase (decrease) in other uncertain tax positions—net - 112 (113 ) Other 6 5 5 Actual tax expense $ 1,393 $ 782 $ 709 (*) Basic earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status 0.13 0.06 0.19 Diluted earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status 0.12 0.05 0.17
Schedule of Income before income taxes	Year ended December 31, 2013 2014 2015 Domestic $ 1,532 $ 2,212 $ 3,204 Foreign 995 1,593 2,230 Income before income taxes $ 2,527 $ 3,805 $ 5,434

Geographic Inforomation (Tables

Geographic Inforomation (Tables)	12 Months Ended
	Dec. 31, 2015
Geographic Inforomation [Abstract]
Schedule of revenues from sales to customers	Year ended December 31, 2013 2014 2015 Revenues from sales to customers located in: United States $ 22,022 $ 33,188 $ 45,605 America – (non-U.S) 5,732 3,564 3,185 EMEA 14,311 18,004 21,600 Asia Pacific – other 7,330 11,608 16,015 $ 49,395 $ 66,364 $ 86,405
Schedule of long lived assets by geographical region	December 31, 2014 2015 Long-lived assets, by geographic region: America (principally the United States) $ 304 $ 314 Israel 2,961 3,851 EMEA 145 275 Asia Pacific 250 338 $ 3,660 $ 4,778
Schedule of revenue by major distributors	Year ended December 31, 2013 2014 2015 Customer A 20 % 25 % 18 % Customer B 13 % 15 % 15 %

Selected Statements of Income37

Selected Statements of Income Data (Tables)	12 Months Ended
	Dec. 31, 2015
Selected Statements of Income Data [Abstract]
Summary of Financial income	Year ended December 31, 2013 2014 2015 Financial income: Interest on bank deposits and other $ 19 $ 8 $ 156 Foreign currency translation differences 425 811 18 Interest on marketable securities - - 260 444 819 434 Financial expenses: Bank charges (117 ) (166 ) (160 ) Foreign currency translation differences (787 ) (668 ) (495 ) Amortization of premium - - (113 ) Total financial expense: $ 460 $ 15 $ 334

General (Details)

General (Details) - USD ($) $ in Thousands	Apr. 08, 2015	Dec. 31, 2015	Dec. 31, 2014
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued		30,295,949	8,973,224
Ordinary shares [Member]
Subsidiary, Sale of Stock [Line Items]
Conversion of preferred shares, shares		12,628,741
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued	8,165,000
Net proceeds from offering	$ 73,519
Over-Allotment Option [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock, shares issued	1,065,000

Significant Accounting Polici39

Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2015
Office furniture and equipment [Member] | Maximum [Member]
Schedule of property and equipment on a straight-line basis over the useful life of the assets
Property and equipment useful life of assets at annual rates	20.00%
Office furniture and equipment [Member] | Minimum [Member]
Schedule of property and equipment on a straight-line basis over the useful life of the assets
Property and equipment useful life of assets at annual rates	7.00%
Computer, peripheral equipment and software [Member]
Schedule of property and equipment on a straight-line basis over the useful life of the assets
Property and equipment useful life of assets at annual rates	33.00%
Machinery and equipment [Member]
Schedule of property and equipment on a straight-line basis over the useful life of the assets
Property and equipment useful life of assets at annual rates	15.00%
Leasehold improvements [Member]
Schedule of property and equipment on a straight-line basis over the useful life of the assets
Property and equipment useful life of assets at annual rates	0.00%	[1]
[1]	Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Company and intended to be exercised) and the expected life of the improvement.

Significant Accounting Polici40

Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of changes in liability for product warranty
Beginning balance	$ 684	$ 471
Provision for warranties issued during the year	1,700	1,354
Reduction for payments and costs to satisfy claims	(1,444)	(1,141)
Ending balance	$ 940	$ 684

Significant Accounting Polici41

Significant Accounting Policies (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of fair value method for share-based compensation awards
Suboptimal exercise multiple
Dividend yield	0.00%	0.00%	0.00%
Minimum [Member]
Schedule of fair value method for share-based compensation awards
Suboptimal exercise multiple	$ 2	$ 2	$ 3
Risk free interest rate	0.20%	0.10%	0.10%
Volatility	55.00%	50.00%	50.00%
Maximum [Member]
Schedule of fair value method for share-based compensation awards
Suboptimal exercise multiple	$ 2.5	$ 10	$ 10
Risk free interest rate	2.20%	2.50%	2.50%
Volatility	50.00%	55.00%	55.00%

Significant Accounting Polici42

Significant Accounting Policies (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of total share based expense included in the consolidated statements of income
Total share-based compensation expense	$ 2,383	$ 897	$ 126
Cost of revenues [Member]
Schedule of total share based expense included in the consolidated statements of income
Total share-based compensation expense	306	96	11
Research and development [Member]
Schedule of total share based expense included in the consolidated statements of income
Total share-based compensation expense	281	86	21
Sales and marketing [Member]
Schedule of total share based expense included in the consolidated statements of income
Total share-based compensation expense	537	207	66
General and administrative [Member]
Schedule of total share based expense included in the consolidated statements of income
Total share-based compensation expense	$ 1,259	$ 508	$ 28

Significant Accounting Polici43

Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Significant Accounting Policies (Textual)
Inventory write off	$ 824	$ 287	$ 369
Impairment losses
Provisions for estimated sales returns	$ 396	$ 348	$ 84
Revenues from shipping	$ 719	931	681
Suboptimal exercise, Description	The computation of the suboptimal exercise multiple based on empirical studies, the early exercise factor of public companies is approximately 100% for employees and 150% for managers.
Advertising costs	$ 283	$ 437	$ 501
Monthly deposits rate	8.33%	8.33%	8.33%
Severance pay expenses	$ 1,354	$ 1,015	$ 620
Fair vlaue of option and forward	28
Notional principal amount of hedging contracts	8,453
Decrease to current deferred tax assets	335	323
Decrease of noncurrent deferred tax liability	77	122
Increase to noncurrent deferred tax asset	258	201
Bad debt expenses	$ 21	$ 0	$ 0
Outstanding options	762,152

Available for Sale Marketable44

Available for Sale Marketable Securities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Summary of available-for-sale marketable securities
Amortized Cost	$ 33,906
Gross Unrealized Gain	1
Gross Unrealized Loss	(228)
Fair Value	33,679
Matures within one year: Corporate debentures [Member]
Summary of available-for-sale marketable securities
Amortized Cost	$ 4,533
Gross Unrealized Gain
Gross Unrealized Loss	$ (6)
Fair Value	4,527
Matures after one year through three years: Corporate debentures [Member]
Summary of available-for-sale marketable securities
Amortized Cost	29,373
Gross Unrealized Gain	1
Gross Unrealized Loss	(222)
Fair Value	$ 29,152

Available for Sale Marketable45

Available for Sale Marketable Securities (Details Textual)	12 Months Ended
	Dec. 31, 2015
Available for Sale Marketable Securities [Abstract]
Available-for-sale marketable securities unrealized losses, description	All investments with an unrealized loss as of December 31, 2015 are with continuous unrealized losses for less than 12 months.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Schedule of inventory
Raw materials and components		$ 8,724	$ 6,427
Finished products	[1]	7,079	5,559
Inventories		$ 15,803	$ 11,986
[1]	Includes amounts of $ 647 and $ 145 for the years ended December 31, 2014 and 2015, respectively, with respect to inventory delivered to customers but for which revenue criteria have not been met yet.

Inventories (Details Textual)

Inventories (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventories (Textual)
Inventory delivered to customers	$ 145	$ 647

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment	$ 10,570	$ 8,046
Accumulated depreciation and amortization	(5,792)	(4,386)
Property and equipment, net	4,778	3,660
Computer, peripheral equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	1,421	1,067
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	842	628
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	5,996	4,587
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 2,311	$ 1,764

Property and Equipment, Net (49

Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property And Equipment Net (Textual)
Depreciation expenses	$ 1,560	$ 1,226	$ 1,071
Reduction of cost and accumulated depreciation	$ 166	$ 168	$ 140

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost: Acquired technology	$ 1,566	$ 566
Weighted average amortization period	8 years 1 month 21 days
Accumulated amortization: Acquired technology	$ 543	321
Intangible assets, net	$ 1,023	$ 245

Intangible Assets, Net (Detai51

Intangible Assets, Net (Details 1) $ in Thousands	Dec. 31, 2015USD ($)
Intangible Assets, Net [Abstract]
2,016	$ 223
2,017	100
2,018	100
2,019	100
2020 and thereafter	500
Total	$ 1,023

Intangible Assets, Net (Detai52

Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	Jan. 05, 2015	Apr. 22, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Intangible Assests, Net (Textual)
Payment for intangible assets	$ 2,000	$ 327					$ 327
Amortization expenses					$ 222	$ 126	97
Patents acquired	$ 1,000
Amortization period					10 years
Operating Expenses				$ 800	$ 34,817	$ 25,357	$ 18,455
Subsequent Event [Member]
Intangible Assests, Net (Textual)
Operating Expenses			$ 200

Other Payables and Accrued Ex53

Other Payables and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other Payables and Accrued Expenses [Abstract]
Government authorities	$ 344	$ 835
Warranty provision	940	684
Professional services	248	229
Accrued expenses	1,098	858
Other payables and accrued expenses	$ 2,630	$ 2,606

Commitments and Contingent Li54

Commitments and Contingent Liabilities (Details) $ in Thousands	Dec. 31, 2015USD ($)
Commitments and Contingent Liabilities [Abstract]
2,016	$ 1,725
2,017	1,929
2,018	1,560
2,019	1,377
2020 and thereafter	1,727
Total	$ 8,318

Commitments and Contingent Li55

Commitments and Contingent Liabilities (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Bank	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Commitments and Contingencies (Textual)
Rent expenses	$ 1,443	$ 1,203	$ 1,080
Operating leases expiration date	Dec. 31, 2022
Lines of credit maximum borrowings	$ 5,000
Interest rate description	These lines of credit are unsecured and available subject to the Company maintenance of a 30% ratio of total shareholders' equity to total assets. Interest rates across these credit lines varied from 1.95% to 2.3% as of December 31, 2015. Any borrowings under the credit lines would become repayable if Fortissimo Capital ceases to be the company controlling shareholder (which for this purpose generally requires Fortissimo Capital to continue to hold 25% of the company outstanding ordinary shares).
Purchase commitments	$ 12,441
Royalty expense	$ 625	$ 590	$ 563
Royalty rate	3.50%
Royalty's payment description	Royalties are payable from the time of commencement of sales of all of these products until the cumulative amount of the royalties paid equals 100% of the dollar-linked amounts of the grants received, and bears interest at the LIBOR rate.
Research and development	$ 168
Accumulated interest costs	8
Accrued royalties	$ 176
Number of banks | Bank	2
Guarantees fee	$ 204
Percentage of total revenue	18.00%	25.00%	20.00%
Agreement settlement obligation	$ 90

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of shares upon exercise
Outstanding at beginning of year	2,578,328	1,216,262
Granted	771,083
Exercised	(528,984)
Forfeited	51,423
Outstanding at end of year	2,769,004	2,578,328
Exercisable at end of year	1,092,935
Vested and Expected to vest	2,581,392
Weighted average exercise price
Outstanding at beginning of year	$ 1.47	$ 0.80
Granted	12.91
Exercised	0.82
Forfeited	4.29
Outstanding at end of year	4.74	$ 1.47
Exercisable at end of year	1.43
Vested and Expected to vest	$ 4.41
Weighted- average remaining contractual term (in years)
Outstanding at beginning of year	5 years 7 months 10 days
Granted	9 years 1 month 17 days
Exercised	2 years 5 months 19 days
Forfeited	6 years 6 months 26 days
Outstanding at end of year	7 years 2 months 9 days
Exercisable at end of year	5 years
Vested and expected to vest	7 years 26 days
Aggregate intrinsic value
Outstanding at beginning of year	$ 21,909	$ 3,988
Granted	174
Exercised	$ 5,281
Forfeited
Outstanding at end of year	$ 18,580	$ 21,909
Exercisable at end of year	10,254
Vested and expected to vest	$ 17,931

Shareholders' Equity (Details 1

Shareholders' Equity (Details 1)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, Number of options | shares	2,769,004
Options exercisable, Number of options | shares	1,092,935
0.4-0.9 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, Number of options | shares	445,750
Options outstanding, Weighted average exercise price	$ 0.64
Options outstanding, Weighted average remaining contractual life	2 years 1 month 17 days
Options exercisable, Number of options | shares	410,525
Options exercisable, Weighted average exercise price	$ 0.64
Options exercisable, Weighted average remaining contractual life	2 years 15 days
0.4-0.9 [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 0.4
0.4-0.9 [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 0.9
1.1-1.6 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, Number of options | shares	419,525
Options outstanding, Weighted average exercise price	$ 1.40
Options outstanding, Weighted average remaining contractual life	5 years 3 months 18 days
Options exercisable, Number of options | shares	295,016
Options exercisable, Weighted average exercise price	$ 1.34
Options exercisable, Weighted average remaining contractual life	4 years 6 months 11 days
1.1-1.6 [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 1.1
1.1-1.6 [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 1.6
2.1-2.2 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, Number of options | shares	1,145,232
Options outstanding, Weighted average exercise price	$ 2.13
Options outstanding, Weighted average remaining contractual life	8 years 5 months 19 days
Options exercisable, Number of options | shares	379,894
Options exercisable, Weighted average exercise price	$ 2.13
Options exercisable, Weighted average remaining contractual life	8 years 5 months 16 days
2.1-2.2 [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 2.1
2.1-2.2 [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	2.2
10 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 10
Options outstanding, Number of options | shares	209,822
Options outstanding, Weighted average exercise price	$ 9.97
Options outstanding, Weighted average remaining contractual life	8 years 4 months 17 days
Options exercisable, Number of options | shares
Options exercisable, Weighted average exercise price
13.0-15.3 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding, Number of options | shares	548,675
Options outstanding, Weighted average exercise price	$ 14.06
Options outstanding, Weighted average remaining contractual life	9 years 7 months 17 days
Options exercisable, Number of options | shares	7,500
Options exercisable, Weighted average exercise price	$ 12.97
Options exercisable, Weighted average remaining contractual life	9 years 9 months
13.0-15.3 [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 13
13.0-15.3 [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise prices	$ 15.3

Shareholders' Equity (Details T

Shareholders' Equity (Details Textual) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014$ / shares	Dec. 31, 2013$ / shares	Dec. 31, 2015₪ / shares
Shareholders' Equity (Textual)
Unrecognized compensation cost | $	$ 8,237
Weighted average vesting period	2 years 11 months 27 days
Options exercisable, Description		25% of total options are exercisable one year after the date determined for each optionee and a further 6.25% at the end of each subsequent three month period for 3 years. Options that have vested are exercisable for up to 10 years from the grant date of the options to each employee.	Generally vest in portions as follows: 50% of total options are exercisable two years after the date determined for each optionee, a further 25% three years after the date determined for each optionee and a 25% four years after the date determined for each optionee.
Vested options exercisable term	10 years	10 years
Ordinary shares available for future grant	1,130,259
Weighted average fair value of options granted | $ / shares	$ 7.11	$ 4.46	$ 2.47
Board of Directors [Member]
Shareholders' Equity (Textual)
Increase in the ordinary shares reserved for issuance	3,889,173
Option [Member]
Shareholders' Equity (Textual)
Ordinary shares, par value | ₪ / shares				₪ 0.01

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator for basic and diluted net earnings per share:
Net income	$ 4,725	$ 3,023	$ 1,134
Weighted average shares outstanding, net of treasury stock:
Denominator for basic net earnings per share Effect of dilutive securities:	24,633,369	8,969,588	8,953,565
Employee stock options	1,825,215	1,476,741	926,484
Denominator for diluted net earnings per share	26,458,584	10,446,329	9,880,049
Basic net earnings per share	$ 0.19	$ 0.34	$ 0.13
Diluted net earnings per share	$ 0.18	$ 0.29	$ 0.11

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Schedule of effects on net income (loss) of amounts reclassified from accumulated other comprehensive loss
Beginning balance	$ (146)
Other comprehensive income (loss) before reclassifications	(104)
Amounts reclassified from accumulated other comprehensive income (loss)	(33)
Net current period other comprehensive income (loss)	(137)
Ending balance	$ (283)
Unrealized gains (losses) on available-for-sale marketable securities [Member]
Schedule of effects on net income (loss) of amounts reclassified from accumulated other comprehensive loss
Beginning balance
Other comprehensive income (loss) before reclassifications	$ (227)
Amounts reclassified from accumulated other comprehensive income (loss)
Net current period other comprehensive income (loss)	$ (227)
Ending balance	$ (227)
Unrealized gains (losses) on cash flow hedges [Member]
Schedule of effects on net income (loss) of amounts reclassified from accumulated other comprehensive loss
Beginning balance
Other comprehensive income (loss) before reclassifications	$ 5
Amounts reclassified from accumulated other comprehensive income (loss)	(33)
Net current period other comprehensive income (loss)	(28)
Ending balance	(28)
Foreign currency translation adjustment [Member]
Schedule of effects on net income (loss) of amounts reclassified from accumulated other comprehensive loss
Beginning balance	(146)
Other comprehensive income (loss) before reclassifications	$ 118
Amounts reclassified from accumulated other comprehensive income (loss)
Net current period other comprehensive income (loss)	$ 118
Ending balance	$ (28)

Taxes on Income (Details)

Taxes on Income (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Valuation Allowance [Line Items]
Net deferred tax asset	$ 335	$ 323
Deferred tax liability	77	122
Net deferred tax assets	258	201
Deferred Income Taxes [Member]
Valuation Allowance [Line Items]
Carryforward tax losses	1,536	1,349
Temporary differences	2,086	1,715
Deferred tax assets before valuation allowance	3,622	3,064
Valuation allowance	3,287	2,741
Net deferred tax asset	335	323
Deferred tax liability	77	122
Net deferred tax assets	$ 258	$ 201

Taxes on Income (Details 1)

Taxes on Income (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Taxes on Income [Abstract]
Current taxes	$ 766	$ 914	$ 1,435
Deferred taxes	(57)	(132)	(42)
Taxes on income	709	782	1,393
Domestic	(113)	201	1,012
Foreign	822	581	381
Taxes on income	$ 709	$ 782	$ 1,393

Taxes on Income (Details 2)

Taxes on Income (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Domestic taxes:
Current taxes	$ (113)	$ 201	$ 1,012
Foreign taxes:
Current taxes	879	713	423
Deferred taxes	(57)	(132)	(42)
Foreign	822	581	381
Taxes on income	$ 709	$ 782	$ 1,393

Taxes on Income (Details 3)

Taxes on Income (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Taxes on Income [Abstract]
Beginning of year	$ 1,187	$ 1,075
Decrease related to prior years' positions	(113)
Increase related to current year positions		112
Balance at December 31	$ 1,074	$ 1,187

Taxes on Income (Details 4)

Taxes on Income (Details 4) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Taxes on Income [Abstract]
Income before taxes, as reported in the consolidated statements of income		$ 5,434	$ 3,805	$ 2,527
Theoretical tax expense on the above amount at the Israeli statutory tax rate		1,440	1,008	632
Tax adjustment in respect of different tax rate of foreign subsidiaries		101	44	98
Non-deductible expenses and other permanent differences		184	190	79
Deferred taxes on losses and other temporary differences for which valuation allowance was provided, net		546	218	1,691
Stock compensation relating to stock options per ASC No. 718		606	238	44
Beneficiary enterprise benefits	[1]	(1,685)	(937)	$ (1,157)
Foreign exchange differences	[2]	(375)	(96)
Increase (decrease) in other uncertain tax positions - net		(113)	112
Other		5	5	$ 6
Actual tax expense		$ 709	$ 782	$ 1,393
Basic earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status		$ 0.19	$ 0.06	$ 0.13
Diluted earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status		$ 0.17	$ 0.05	$ 0.12
[1]	Basic earnings per share amounts of the benefit resulting from the "Beneficiary Enterprise" status
[2]	Results for tax purposes are measured under, Measurement of results for tax purposes under the Income Tax (Inflationary Adjustments) Law, 1985, in terms of earnings in NIS. As explained in Note 2b, the financial statements are measured in U.S. dollars. The difference between the annual changes in the NIS/dollar exchange rate causes a difference between taxable income and the income before taxes shown in the financial statements. In accordance with ASC 740-10-25-3(F), the Company has not provided deferred income taxes in respect of the difference between the functional currency and the tax bases of assets and liabilities.

Taxes on Income (Details 5)

Taxes on Income (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Taxes on Income [Abstract]
Domestic	$ 3,204	$ 2,212	$ 1,532
Foreign	2,230	1,593	995
Income before taxes on income	$ 5,434	$ 3,805	$ 2,527

Taxes on Income (Details Textua

Taxes on Income (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Taxes on Income (Textual)
Israeli corporate income tax rate	26.50%	26.50%	25.00%
Limitation of tax benefits, description	The duration of tax benefits is subject to a limitation of the earlier of 12 years from commencement of production, or 14 years from the approval date. The Israeli Companies began to utilize such tax benefits in 2010.
Tax-exempt income	$ 36,704
Reduced corporate tax rate income	$ 9,176
Corporate tax rate, description	a Preferred Company is entitled to a reduced corporate flat tax rate of 15% with respect to its preferred income derived by its Preferred Enterprise in 2011-2012, unless the Preferred Enterprise is located in a certain development zone, in which case the rate will be 10%. Such corporate tax rate were reduced to 12.5% and 7%, respectively, in 2013 and increased to 16% and 9% in 2014 and thereafter. Income derived by a Preferred Company from a "Special Preferred Enterprise" (as such term is defined in the Investment Law) would be entitled, during a benefits period of 10 years, to further reduced tax rates of 8%, or to 5% if the Special Preferred Enterprise is located in a certain development zone.
Dividends paid percentage	15.00%	20.00%
Undistributed earnings of foreign subsidiaries	$ 3,052
Carryforward operating tax losses	16,481
Unrecognized tax benefits	26	$ (79)	$ 75
Uncertain tax positions	$ 96	$ 82

Geographic Inforomation (Detail

Geographic Inforomation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Geographic Information [Line Items]
Revenues	$ 86,405	$ 66,364	$ 49,395
United States [Member]
Geographic Information [Line Items]
Revenues	45,605	33,188	22,022
America (non-U.S.) [Member]
Geographic Information [Line Items]
Revenues	3,185	3,564	5,732
EMEA [Member]
Geographic Information [Line Items]
Revenues	21,600	18,004	14,311
Asia Pacific - other [Member]
Geographic Information [Line Items]
Revenues	$ 16,015	$ 11,608	$ 7,330

Geographic Inforomation (Deta69

Geographic Inforomation (Details 1) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Geographic Information [Line Items]
Long-lived assets	$ 4,778	$ 3,660
America (principally the United States) [Member]
Geographic Information [Line Items]
Long-lived assets	314	304
Israel [Member]
Geographic Information [Line Items]
Long-lived assets	3,851	2,961
EMEA [Member]
Geographic Information [Line Items]
Long-lived assets	275	145
Asia Pacific [Member]
Geographic Information [Line Items]
Long-lived assets	$ 338	$ 250

Geographic Inforomation (Deta70

Geographic Inforomation (Details 2)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue, Major Customer [Line Items]
Percentage of total revenue	18.00%	25.00%	20.00%
Customer A [Member]
Revenue, Major Customer [Line Items]
Percentage of total revenue	18.00%	25.00%	20.00%
Customer B [Member]
Revenue, Major Customer [Line Items]
Percentage of total revenue	15.00%	15.00%	13.00%

Geographic Inforomation (Deta71

Geographic Inforomation (Details Textual)	12 Months Ended
	Dec. 31, 2015
Geographic Information (Textual)
Distributors of total revenues	The distributors that represented 10% or more of the Company's total revenues in each of the periods.

Selected Statements of Income72

Selected Statements of Income Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financial income:
Interest on bank deposits and other	$ 156	$ 8	$ 19
Foreign currency translation differences	18	$ 811	$ 425
Interest on marketable securities	260
Total financial income	434	$ 819	$ 444
Financial expenses:
Bank charges	(160)	(166)	(117)
Foreign currency translation differences	(495)	$ (668)	$ (787)
Amortization of premium	(113)
Total financial expenses:	$ 334	$ 15	$ 460

Balances and Transactions wit73

Balances and Transactions with Related Parties (Details) - Fortissimo [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Balances and Transactions With Related Parties (Textual)
Management annual fee	$ 120
Percentage of management net income	5
Property management maximum fee	$ 250
Expenses from transactions with related party	$ 30	$ 160	$ 120
Management fee, Description	Under the agreement the Company agreed to pay Fortissimo a one-time payment of $750.