Gilat Satellite Networks (GILT) 6-K 7 Aug 24 2024 Q2 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2024
Document And Entity Information [Abstract]
Entity Registrant Name	Gilat Satellite Networks Ltd.
Entity Central Index Key	0000897322
Current Fiscal Year End Date	--12-31
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Address, Address Line One	Gilat House, Yegia Kapayim Street
Entity Address, Address Line Two	Daniv Park, Kiryat Arye
Entity Address, City or Town	Petah Tikva
Entity Address Country	IL
Entity Address, Postal Zip Code	4913020

CONDENSED INTERIM CONSOLIDATED

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 93,667	$ 103,961
Restricted cash	1,030	736
Trade receivables, (net of allowance for credit losses of $437 and $492 as of June 30, 2024 and December 31, 2023, respectively)	62,217	44,725
Contract assets	26,041	28,327
Inventories	36,774	38,525
Other current assets	20,016	24,299
Total current assets	239,745	240,573
LONG-TERM ASSETS:
Restricted cash	54	54
Long-term contract assets	8,587	9,283
Severance pay funds	5,607	5,737
Deferred taxes	9,760	11,484
Operating lease right-of-use assets	4,910	5,105
Other long-term assets	8,120	9,544
Total long-term assets	37,038	41,207
PROPERTY AND EQUIPMENT, NET	71,168	74,315
INTANGIBLE ASSETS, NET	14,238	16,051
GOODWILL	54,740	54,740
Total assets	416,929	426,886
CURRENT LIABILITIES:
Short-term debt	129	7,453
Trade payables	17,585	13,873
Accrued expenses	48,621	51,906
Advances from customers and deferred revenues	25,188	34,495
Operating lease liabilities	2,622	2,426
Other current liabilities	18,079	16,431
Total current liabilities	112,224	126,584
LONG-TERM LIABILITIES:
Long-term loan	2,000	2,000
Accrued severance pay	6,467	6,537
Long-term advances from customers and deferred revenues	912	1,139
Operating lease liabilities	2,430	3,022
Other long-term liabilities	10,141	12,916
Total long-term liabilities	21,950	25,614
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Share capital - Ordinary shares of NIS 0.2 par value: Authorized: 90,000,000 shares as of June 30, 2024 and December 31, 2023; Issued and outstanding: 57,017,032 and 57,016,086 shares as of June 30, 2024 and December 31, 2023, respectively	2,733	2,733
Additional paid-in capital	940,520	937,591
Accumulated other comprehensive loss	(6,443)	(5,315)
Accumulated deficit	(654,055)	(660,321)
Total shareholders' equity	282,755	274,688
Total liabilities and shareholders' equity	$ 416,929	$ 426,886

CONDENSED INTERIM CONSOLIDATE_2

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Jun. 30, 2024 ₪ / shares	Jun. 30, 2024 USD ($) shares	Dec. 31, 2023 ₪ / shares	Dec. 31, 2023 USD ($) shares
Statement of Financial Position [Abstract]
Trade receivables, allowance for credit losses | $		$ 437		$ 492
Ordinary shares, par value per share | ₪ / shares	₪ 0.2		₪ 0.2
Ordinary shares, shares authorized		90,000,000		90,000,000
Ordinary shares, shares issued		57,017,032		57,016,086
Ordinary shares, shares outstanding		57,017,032		57,016,086

CONDENSED INTERIM CONSOLIDATE_3

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total revenues	$ 152,709	$ 126,551
Cost of revenues:
Total cost of revenues	98,082	76,330
Gross profit	54,627	50,221
Operating expenses:
Research and development expenses, net	18,547	19,003
Selling and marketing expenses	14,109	11,941
General and administrative expenses	14,514	9,155
Other operating income, net	(725)	(2,340)
Total operating expenses	46,445	37,759
Operating income	8,182	12,462
Financial income (expenses), net	779	(735)
Income before taxes on income	8,961	11,727
Taxes on income	(2,695)	(1,822)
Net income	$ 6,266	$ 9,905
Earnings (losses) per share :
Basic	$ 0.11	$ 0.17
Diluted	$ 0.11	$ (0.17)
Weighted average number of shares used in computing earnings (losses) per share:
Basic	57,016,808	56,615,714
Diluted	57,016,808	56,622,204
Product [Member]
Revenues:
Total revenues	$ 93,434	$ 81,832
Cost of revenues:
Total cost of revenues	59,172	49,885
Service [Member]
Revenues:
Total revenues	59,275	44,719
Cost of revenues:
Total cost of revenues	$ 38,910	$ 26,445

CONDENSED INTERIM CONSOLIDATE_4

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 6,266	$ 9,905
Other comprehensive income (loss):
Foreign currency translation adjustments	(591)	264
Change in unrealized loss on hedging instruments, net	(675)	(1,596)
Less - reclassification adjustments for net loss realized on hedging instruments, net	138	1,224
Total other comprehensive loss	(1,128)	(108)
Comprehensive income	$ 5,138	$ 9,797

CONDENSED INTERIM CONSOLIDATE_5

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Ordinary shares [Member]		Additional paid-in capital [Member]		Accumulated other comprehensive loss [Member]	Accumulated deficit [Member]	Total
Balance at Dec. 31, 2022	$ 2,711		$ 932,086		$ (6,847)	$ (683,825)	$ 244,125
Balance, shares at Dec. 31, 2022	56,610,404
Stock-based compensation of options	$ 0		1,114		0	0	1,114
Exercise of stock options	$ 0	[1]	0	[1]	0	0	0
Exercise of stock options, shares	11,264
Comprehensive income (loss)	$ 0		0		(108)	9,905	9,797
Balance at Jun. 30, 2023	$ 2,711		933,200		(6,955)	(673,920)	255,036
Balance, shares at Jun. 30, 2023	56,621,668
Balance at Dec. 31, 2023	$ 2,733		937,591		(5,315)	(660,321)	$ 274,688
Balance, shares at Dec. 31, 2023	57,016,086						57,016,086
Stock-based compensation of options	$ 0		2,929		0	0	$ 2,929
Exercise of stock options	$ 0	[1]	0	[1]	0	0	0
Exercise of stock options, shares	946
Comprehensive income (loss)	$ 0		0		(1,128)	6,266	5,138
Balance at Jun. 30, 2024	$ 2,733		$ 940,520		$ (6,443)	$ (654,055)	$ 282,755
Balance, shares at Jun. 30, 2024	57,017,032						57,017,032
[1]Represent an amount lower than $1

CONDENSED INTERIM CONSOLIDATE_6

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income		$ 6,266	$ 9,905
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		7,333	6,222
Stock-based compensation	[1]	3,888	1,114
Accrued severance pay, net		60	196
Deferred taxes, net		1,724	1,820
Decrease (increase) in trade receivables, net		(17,734)	9,398
Decrease in contract assets		2,982	8,378
Decrease in other assets and other adjustments (including current, long-term and effect of exchange rate changes on cash, cash equivalents and restricted cash)		5,512	243
Decrease (increase) in inventories, net		974	(7,895)
Increase (decrease) in trade payables		3,579	(4,240)
Decrease in accrued expenses		(2,229)	(5,039)
Increase (decrease) in advances from customers and deferred revenues		(9,486)	3,124
Decrease in other liabilities		(2,177)	(15,009)
Net cash provided by operating activities		692	8,217
Cash flows from investing activities:
Purchase of property and equipment		(2,650)	(6,556)
Net cash used in investing activities		(2,650)	(6,556)
Cash flows from financing activities:
Repayment of credit facility, net		(7,453)	0
Repayments of short-term debts		(1,340)	0
Proceeds from short-term debts		1,469	0
Net cash used in financing activities		(7,324)	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(718)	(1,010)
Increase (decrease) in cash, cash equivalents and restricted cash		(10,000)	651
Cash, cash equivalents and restricted cash at the beginning of the period		104,751	87,145
Cash, cash equivalents and restricted cash at the end of the period (a)		$ 94,751	$ 87,796
[1]Stock-based compensation for the six months ended June 30, 2024 including expenses related to business combination in the amount of $2,166 (see Note 15).

CONDENSED INTERIM CONSOLIDATE_7

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 93,667	$ 87,408
Restricted cash - Current	1,030	374
Restricted cash - Long-Term	54	14
Cash, cash equivalents and restricted cash	94,751	$ 87,796
Service Based Earn-Out and the Bonus Amount	$ 2,166

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1: - GENERAL a. Organization: Gilat Satellite Networks Ltd. and its subsidiaries (the "Company") is a leading global provider of satellite-based broadband communications. The Company designs and manufactures ground-based satellite communications equipment, and provides comprehensive secure end-to-end solutions, end-to-end services for mission-critical operations, powered by its innovative technology. The Company’s portfolio includes a cloud-based satellite network platform, Very Small Aperture Terminals ("VSATs"), amplifiers, high-speed modems, high-performance on-the-move antennas, and high efficiency, high power Solid State Power Amplifiers ("SSPAs"), Block Upconverters ("BUCs") and Transceivers, furthermore, following the acquisition of DataPath Inc. (see Note 1(e) and Note 15), the Company’s newly owned subsidiary, it’s portfolio also includes defense ground systems and field services. The Company’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband internet access, cellular backhaul over satellite, enterprise, social inclusion solutions, In-Flight Connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. The Company also provides connectivity services, internet access and telephony, to enterprise, government and residential customers utilizing both its own networks, and other networks that it installs, mainly based on Build Operate Transfer ("BOT") and Build Own Operate ("BOO") contracts. In these projects, the Company builds telecommunication infrastructure typically using fiber-optic and wireless technologies for the broadband connectivity. The Company also provides managed network services over VSAT networks owned by others. The Company was incorporated in Israel in 1987 and launched its first generation VSAT in 1989. b. As of June 30, 2024, the Company operates in three operating segments consisting of Satellite Networks, Integrated Solutions and Network Infrastructure and Services. For additional information, including major customers, geographic and segment information, see Note 10. c. The Company depends on major suppliers to supply certain components and services for the production of its products or providing services. If these suppliers fail to deliver or delay the delivery of the necessary components or services, the Company will be required to seek alternative sources of supply. A change in suppliers could result in product redesign, manufacturing delays or services delays which could cause a possible loss of sales and additional incremental costs and, consequently, could adversely affect the Company's results of operations and financial position. d. The military conflict between Russia and Ukraine and the rising tensions between the U.S. and other countries, on the one hand, and Russia, on the other hand, caused major economic sanctions and export controls restrictions on Russia and various Russian entities were imposed by the U.S., European Union, and the United Kingdom commencing February 2022, and additional sanctions and restrictions may be imposed in the future. These sanctions and restrictions restrict the Company’s business in Russia, which mainly includes exports to Russia, and may delay or prevent the Company from collecting funds and performing money transfers from Russia. While the Company’s business in Russia is limited in scope, these restrictions may cause a reduction in the Company’s sales and financial results. Accordingly, given the continuous war and the restrictions described, the Company decided to wind down its activities in the Russian market. The costs associated with winding down our activities in the Russian market have been included in "Other operating income, net" and “Cost of revenues” in our Condensed Interim Consolidated Statements Of Income. There is no assurance that negative developments in the area in the future will not disrupt the Company’s business and materially adversely affect it. e. On March 8, 2023, the Company signed a definitive agreement to acquire 100% of the shares of DataPath Inc. (“DPI”), a U.S.-based expert systems integrator with a strong focus on the U.S. Department of Defense (DoD) and the U.S. government sectors. In November 2023, the Company completed the acquisition of DPI for an estimated purchase price consideration of $19,231. The acquisition was accounted for by the purchase method of accounting, and, accordingly, the purchase price consideration has been allocated to the assets acquired and liabilities assumed (see Note 15). f. On June 17, 2024, the Company signed a definitive agreement to acquire 100% of Stellar Blu Solutions LLC., a U.S.-based leading avionics solution provider of next-generation SATCOM terminal solutions. The closing of the transaction is subject to certain regulatory approvals, including the receipt of clearance of the Committee on Foreign Investment in the United States (CFIUS) and other customary closing conditions. The acquisition is expected to close during the second half of 2024.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2: - SIGNIFICANT ACCOUNTING POLICIES a. Unaudited condensed interim consolidated financial statements: The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information. In the opinion of management, the unaudited condensed interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's condensed interim consolidated financial statements. The balance sheets as of December 31, 2023 have been derived from the audited consolidated financial statements of the Company at that date but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2023 (the “Annual Financial Statements”), included in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 20, 2024. The significant accounting policies applied in the Company’s audited 2023 consolidated financial statements and notes thereto included in the Annual Report are applied consistently in these unaudited condensed interim consolidated financial statements. The Company’s interim period results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year. b. Use of estimates: The preparation of the unaudited condensed interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the dates of the unaudited condensed interim consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Main areas that require significant estimates and assumptions by the Company’s management include contract costs, revenues (including variable consideration, determination of contracts duration, establishing stand-alone selling price for performance obligations) and profits or losses, application of percentage-of-completion accounting, provisions for uncollectible receivables and customer claims, impairment of inventories, impairment and useful life of long-lived assets, goodwill impairment, valuation allowance in respect of deferred tax assets, uncertain tax positions, accruals for estimated liabilities, including litigation and insurance reserves, contingent considerations and intangibles from business combination transaction and stock-based compensation. Actual results could differ from those estimates. c. Principles of consolidation: The unaudited condensed interim consolidated financial statements include the accounts of Gilat Satellite Networks Ltd. and its subsidiaries in which the Company has a controlling voting interest. Inter-company balances and transactions have been eliminated upon consolidation. d. Recently issued accounting pronouncements – not yet adopted: In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is evaluating the impacts of this guidance on the Company’s consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and early adoption is permitted. The Company is evaluating the impacts of this guidance on the Company’s consolidated financial statements.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3:- INVENTORIES Inventories are comprised of the following: June 30, December 31, 2024 2023 Unaudited Audited Raw materials, parts and supplies $ 14,991 $ 11,993 Work in progress and assembled raw materials 8,763 9,392 Finished products 13,020 17,140 $ 36,774 $ 38,525 Inventory net write-offs amounted to $1,113 and $1,455 during the six months ended June 30, 2024 and 2023, respectively.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 4:- PROPERTY AND EQUIPMENT, NET Property and equipment, net is comprised of the following: June 30, December 31, 2024 2023 Unaudited Audited Cost: Buildings and land $ 83,796 $ 83,775 Computers, software and electronic equipment 65,508 64,262 Network equipment 39,230 39,473 Office furniture and equipment 4,102 4,108 Vehicles 299 299 Leasehold improvements 2,836 2,784 195,771 194,701 Accumulated depreciation 124,603 120,386 Depreciated cost $ 71,168 $ 74,315 Depreciation expenses amounted to $5,393 and $6,122 during the six months ended June 30, 2024 and 2023, respectively. The Company leases part of its buildings as office space to others. The gross income generated from such leases amounted to approximately $2,649 and $2,790 for the six months ended June 30, 2024 and 2023, respectively. These amounts do not include the corresponding offsetting expenses related to this income.

DEFERRED REVENUES

DEFERRED REVENUES	6 Months Ended
	Jun. 30, 2024
Deferred Revenue [Abstract]
DEFERRED REVENUES	NOTE 5:- DEFERRED REVENUES Deferred revenues as of June 30, 2024 and December 31, 2023 were $11,969 and $15,700, respectively, and primarily relate to revenues that are recognized over time for service contracts. Approximately $5,373 of the balance as of December 31, 2023 was recognized as revenues during the six months ended June 30, 2024. The balance of deferred revenues approximates the aggregate amount of the billed and collected amount allocated to the unsatisfied performance obligations at the end of reporting period. The aggregate estimated amount of the transaction price allocated to performance obligations from contracts with customers that have an original expected duration of more than one year and that are unsatisfied (or partially unsatisfied) as of June 30, 2024 is approximately $305,662. Such unsatisfied performance obligations, other than for large scale governmental projects (expected to be recognized over periods of approximately 5-11 years), principally relate to contracts in which the Company is committed to provide customer care services, extended warranty on equipment delivered to its customers or other services for an original period of more than one year. The Company elected to use the exemption of not disclosing the prices allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period, that are part of contracts that have an original expected duration of one year or less.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6:- COMMITMENTS AND CONTINGENCIES a. Litigations: 1. In 2003, the Brazilian tax authority filed a claim against the Company’s inactive subsidiary in Brazil, SPC International Ltda., for the payment of taxes allegedly due from the subsidiary. After numerous hearings and appeals at various appellate levels in Brazil, the Supreme Court ruled against the subsidiary in final non-appealable decisions published in June 2017. As of June 30, 2024, the total amount of this claim, including interest, penalties and legal fees is approximately $6,895, of which approximately $727 is the principal. The Brazilian tax authorities initiated foreclosure proceedings against the subsidiary and certain of its former managers. The foreclosure proceedings against the former managers were cancelled by court in a final and non-appealable decision issued in July 2017. While foreclosure and other collection proceedings are pending against the subsidiary, based on Brazilian external counsel’s opinion, the Company believes that the subsidiary has solid arguments to sustain its position that further collection proceedings and inclusion of any additional co-obligors in the tax foreclosure certificate are barred due to statute of limitation and that the foreclosure procedures cannot legally be redirected to other group entities and managers who were not initially cited in the foreclosure proceeding due to the passage of the statute of limitation. Accordingly, the Company believes that the chances that such redirection will lead to a loss recognition are remote. 2. In 2014, the Company’s Peruvian subsidiary, Gilat To Home Peru S.A. (“GTH”), initiated arbitration proceedings in Lima against the Ministry of Transport and Communications of Peru, (or MTC), and the Programa Nacional de Telecomunicaciones (or Pronatel). The arbitration was related to the Pronatel projects awarded to the Company in 2000-2001. Under these projects, GTH provided fixed public telephony services in rural areas of Peru. GTH’s main claim was related to damages caused by the promotion of mobile telephony in such areas by the Peruvian government in the years 2011-2015. In June 2018, the arbitration tribunal issued an arbitration award ordering MTC and Pronatel to pay GTH approximately $13,500. The arbitration award in favor of GTH was confirmed by the Peruvian Superior Court, which ordered MTC and Pronatel in November 2020 to pay the arbitration-award amount. Following the Superior Court’s decision, GTH has initiated collection procedures against MTC and Pronatel. In 2023, the first payment of approximately $3,213 was collected by GTH and was recognized as income under “Other operating income, net” in the condensed interim consolidated statements of income for the six months ended June 30, 2023. See Note 14. 3. In October 2019, GTH initiated additional arbitration proceedings against MTC and Pronatel based on similar grounds for the years 2015-2019. In June 2022, the arbitration tribunal issued an arbitration award ordering MTC and Pronatel to pay GTH approximately $15,000, In September 2022 MTC filed an annulment action against the award and in parallel, in October 2022 GTH initiated an enforcement process for collection of the awarded amount. The Company recognized an expense of $251, due to legal success fees, under “Other operating income, net” in the condensed interim consolidated statements of income for the six months ended June 30, 2023. See Note 14. Based on the advice of counsel, the Company believes that the chances of success of the proceedings seeking to annul the award are remote. 4. The Company is in the midst of different stages of audits and disputes with various tax authorities in different parts of the world. Further, the Company is the defendant in various other lawsuits, including employment-related litigation claims and may be subject to other legal proceedings in the normal course of its business. While the Company intends to defend the aforementioned matters vigorously, it believes that a loss in excess of its accrued liability with respect to these claims is not probable. b. Guarantees: The Company guarantees its performance to, and, occasionally, advance payments from, certain of its customers, mainly through bank guarantees and corporate guarantees. Guarantees are often required for the Company’s performance during the installation and operational periods. The guarantees typically expire when certain operational milestones are met. As of June 30, 2024, the aggregate amount of bank guarantees outstanding in order to secure the Company’s various obligations was approximately $78,300, including an aggregate of approximately $73,700 on behalf of its subsidiaries in Peru. In order to secure these guarantees the Company provided a floating charge on its assets as well as other pledges, including a fixed pledge, on certain assets and property. In addition, the Company has approximately $1,070 of restricted cash to secure some of those guarantees. Under the arrangements with banks that provide credit line for guarantees, the Company is required to observe certain conditions. As of June 30, 2024, the Company follows these conditions. The Company’s credit and guarantee agreements also contain various restrictions and limitations that may impact the Company. These restrictions and limitations relate to incurrence of indebtedness, contingent obligations, negative pledges, liens, mergers and acquisitions, change of control, asset sales, dividends and distributions, redemption or repurchase of equity interests and certain debt payments. The agreements also stipulate a floating charge on Company’s assets to secure the fulfillment of Company’s obligations to banks as well as other pledges, including a fixed pledge, on certain assets and property. All of the above guarantees are performance guarantees for the Company’s own performance, in accordance with ASC 460, “Guarantees” (“ASC 460”), such guarantees are excluded from the scope of ASC 460. The Company has not recorded any liability for such amounts, since the Company expects that its performance will be acceptable. To date, no guarantees have been exercised against the Company.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 7:- DERIVATIVE INSTRUMENTS The Company has entered into several foreign currency hedging contracts to protect against changes in value of forecasted foreign currency cash flows resulting from salaries and related payments that are denominated in NIS. These contracts were designated as cash flow hedges, as defined by ASC 815, as amended, are considered highly effective as hedges of these expenses and generally mature within twelve months. The Company recognized losses related to derivative instruments, within payroll expenses, included under Cost of revenues and Operating expenses in the condensed interim consolidated statements of income of $138 and $1,224 for the six months ended June 30, 2024 and 2023, respectively. The notional amounts of hedging contracts were $23,970 and $24,267 as of June 30, 2024 and December 31, 2023, respectively. The fair value of derivative instruments in the condensed interim consolidated balance sheets, which are presented under Other current assets, amounted to $143 and $680 as of June 30, 2024 and December 31, 2023, respectively. The estimated net amount of the existing profit that is reported in accumulated other comprehensive loss as of June 30, 2024 that is expected to be reclassified into the condensed interim consolidated statement of income within the next twelve months is $143.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 8:- SHAREHOLDERS’ EQUITY a. Share capital: Ordinary shares confer upon their holders voting rights, the right to receive cash dividends and the right to share in excess assets upon liquidation of the Company. b. Stock option plans: Description of plans: In October 2008, the Company’s Board of Directors adopted the 2008 Stock Incentive Plan (the “2008 Plan”) with 1,000,000 shares or stock options available for grant and a sub-plan to enable qualified optionees certain tax benefits under the Israeli Income Tax Ordinance. Among the incentives that may be adopted are stock options, performance share awards, performance share unit awards, restricted shares, RSUs awards and other stock-based awards. During the years commencing in 2010 and through June 30, 2024, the Company’s Board of Directors approved, in the aggregate, an increase of 10,466,761 shares to the number of shares available for grant under the 2008 Plan, bringing the total number of shares available for grant to 11,466,761. As of June 30, 2024, an aggregate of 82,875 shares were available for future grants under the 2008 Plan. The options granted under the 2008 Plan during the six months ended June 30, 2024 have vesting restrictions, valuations and contractual lives in similar nature to those described in Note 11 of the Notes to the Company’s consolidated annual financial statements for the year ended December 31, 2023. Options granted to employees and directors: The fair value of the Company’s stock options granted in the six months ended June 30, 2024 and 2023 was estimated using the following weighted average assumptions: Six months ended June 30, 2024 2023 Risk free interest 4.35% - 4.56% 3.57% - 4.08% Dividend yields 0% 0% Volatility 47.9% - 49.0% 52.77% - 53.71% Expected term (in years) 3.83 3.88 – 3.92 A summary of employees’ and directors’ option balances under the 2008 Plan as of June 30, 2024 and changes during the six months then ended are as follows: Number of options Weighted- average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value (in thousands) Outstanding at January 1, 2024 5,679,775 $ 6.9 4.2 $ 817 Granted 280,000 $ 5.8 Exercised (76,875 ) $ 6.4 Forfeited and cancelled (337,875 ) $ 10.5 Outstanding as of June 30, 2024 5,545,025 $ 6.7 4.0 $ - Exercisable as of June 30, 2024 2,219,608 $ 7.0 3.1 $ 6 The weighted-average grant-date fair value of options granted during the six months ended June 30, 2024 and 2023 were $2.22 and $2.43, respectively. The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the Company’s closing stock price and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on that date. These amounts changed based on the fair market value of the Company’s stock. Total intrinsic value of options exercised for the six months ended June 30, 2024 was $6. c. During the six months ended June 30, 2024 and 2023, the stock-based compensation expenses, including with respect to the Service Based Earn-Out and the Bonus Amount as defined in Note 15, were recognized in the condensed interim consolidated statement of income in the following line items: Six months ended June 30, 2024 2023 Cost of revenue of products $ 136 $ 76 Cost of revenue of services 164 94 Research and development expenses, net 356 312 Selling and marketing expenses 305 163 General and administrative expenses 2,927 469 $ 3,888 $ 1,114 d. Dividends: 1. In the event that cash dividends are declared by the Company, such dividends will be declared and paid in Israeli currency. Under current Israeli regulations, any cash dividend paid in Israeli currency in respect of ordinary shares purchased by non-residents of Israel with non-Israeli currency, may be freely repatriated in such non-Israeli currency, at the exchange rate prevailing at the time of repatriation. 2. The Company has not adopted a policy regarding the distribution of dividends. 3. Pursuant to the terms of a bank agreement, the Company is restricted from paying cash dividends to its shareholders without initial approval from the bank.

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2024
Comprehensive Income [Abstract]
OTHER COMPERHENSIVE INCOME (LOSS)	NOTE 9:- OTHER COMPERHENSIVE INCOME (LOSS) The following table shows the changes of accumulated other comprehensive loss, for the six months ended June 30, 2024: Six months ended June 30, 2024 Foreign currency translation adjustments Unrealized losses on cash flow hedges Total Beginning balance $ (5,995 ) $ 680 $ (5,315 ) Other comprehensive loss before reclassifications (591 ) (675 ) (1,266 ) Amounts reclassified from accumulated other comprehensive loss - 138 138 Net current-period other comprehensive loss (591 ) (537 ) (1,128 ) Ending balance $ (6,586 ) $ 143 $ (6,443 )

CUSTOMERS, GEOGRAPHIC AND SEGME

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION	NOTE 10:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION a. The Company applies ASC 280, “Segment Reporting” (“ASC 280”). Operating segments are defined as components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker ("CODM"). The CODM is the Company’s Chief Executive Officer. The Company’s CODM does not regularly review asset information by segments and, therefore, the Company does not report asset information by segment. b. The Company operates in three operating segments, as follows: • Satellite Networks • Integrated Solutions • Network Infrastructure and Services c. Information on the reportable operating segments: 1. The measurement of operating income (loss) in the reportable operating segments is based on the same accounting principles applied in these condensed interim consolidated financial statements and includes certain corporate overhead allocations. 2. Financial information relating to reportable operating segments: Six months ended June 30, 2024 Satellite Networks Integrated Solutions Network Infrastructure and Services *) Total Revenues $ 97,378 $ 24,619 $ 30,712 $ 152,709 Operating income (loss) 8,459 (1,906 ) 1,629 8,182 Financial income, net 779 Income before taxes on income 8,961 Taxes on income (2,695 ) Net income 6,266 Depreciation and amortization Expenses $ 4,817 $ 1,419 $ 1,097 $ 7,333 Six months ended June 30, 2023 Satellite Networks Integrated Solutions Network Infrastructure and Services *) Total Revenues $ 74,273 $ 25,619 $ 26,659 $ 126,551 Operating income (loss) 11,206 (1,457 ) 2,713 12,462 Financial expenses, net (735 ) Income before taxes on income 11,727 Taxes on income (1,822 ) Net income 9,905 Depreciation and amortization Expenses $ 2,706 $ 1,622 $ 1,894 $ 6,222 *) During the six months ended June 30, 2024 and June 30, 2023, the Company recognized revenues from construction performance obligations in the amount of $11,059 and $5,558, respectively, which are presented under Network Infrastructure and Services operating segment. d. Geographic information: Revenues attributed to geographic areas, based on the location of the end customers and in accordance with ASC 280, are as follows: Six months ended June 30, 2024 2023 United States $ 61,672 $ 55,582 Peru 30,740 26,766 Israel 8,000 1,793 Others 52,297 42,410 $ 152,709 $ 126,551 e. The table below represents the revenues from major customers and their operating segments: Six months ended June 30, 2024 2023 Customer A – Network Infrastructure and Services 17 % 15 % Customer B – Satellite Networks 13 % * ) Customer C – Satellite Networks * ) 20 % *) Less than 10% Customer A is located in Peru, Customer B is located in the European Union and customer C is located in the United States of America.

TAXES ON INCOME

TAXES ON INCOME	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 11:- TAXES ON INCOME The Company’s six months tax provision and estimates of its annual effective tax rate, is subject to variation due to several factors, including variability in pre-tax income (or loss), the mix of jurisdictions to which such income relates, tax law developments, as well as non-deductible expenses, such as share-based compensation, and changes in its valuation allowance. Taxes on income were $2,695 and $1,822 for the six months ended June 30, 2024 and 2023, respectively. Taxes on income for the six months ended June 30, 2024 were primarily related to the Company’s utilization of deferred tax assets in Israel.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 12:- EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share: 1. Numerator: Six months ended June 30, 2024 2023 Net income available to holders of ordinary shares $ 6,266 $ 9,905 2. Denominator: Six months ended June 30, 2024 2023 Weighted average number of shares 57,016,808 56,615,714 Add – stock options - 6,490 Denominator for diluted earnings per share – adjusted weighted average shares assuming exercise of stock options 57,016,808 56,622,204 The total number of potential shares related to the outstanding options excluded from the calculations of diluted earnings per share, as they would have been anti-dilutive, were 5,545,025 and 3,821,128 for the six months ended June 30, 2024 and 2023, respectively.

SUPPLEMENTARY CONDENSED INTERIM

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION	6 Months Ended
	Jun. 30, 2024
Supplementary Consolidated Balance Sheets Information [Abstract]
SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION	NOTE 13:- SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION a. Other current assets: June 30, 2024 December 31, 2023 Unaudited Audited Governmental authorities *) $ 3,512 $ 3,186 Prepaid expenses 6,509 6,227 Deferred charges 4,153 8,320 Advance payments to suppliers 3,054 3,716 Other 2,788 2,850 20,016 $ 24,299 *) Under the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") the Company was eligible for a refundable Employee Retention Credit subject to certain criteria. As of December 31, 2023, the Company had a $952 receivable balance from the United States government related to the CARES Act. During the six months ended June 30, 2024 the entire outstanding amount was collected by the Company. b. Other current liabilities: June 30, 2024 December 31, 2023 Unaudited Audited Payroll and related employee accruals $ 14,374 $ 14,017 Governmental authorities 1,842 2,301 Holdback Amount (see Note 15) 582 - Deferred rent 1,128 - Other 153 113 $ 18,079 $ 16,431 c. Credit facility: Interest rate Maturity June 30, 2024 Credit facility from bank U.S. Prime Plus 2.25% 2024 $ - As of December 31, 2023, one of the Company’s subsidiaries had a revolving credit facility agreement with a U.S. based bank. During the six months ended June 30, 2024, the entire credit facility from bank was repaid. d. Long-term loan: Interest rate Maturity June 30, 2024 Other loan 14% 2026 $ 2,000 One of the Company’s subsidiaries has a loan agreement with one of its former shareholders. e. Other long-term liabilities: June 30, 2024 December 31, 2023 Unaudited Audited Earn-Out Consideration, Holdback Amount and Bonus Amount (see Note 15) $ 9,441 $ 11,982 Other 700 934 10,141 $ 12,916

OTHER OPERATING INCOME, NET

OTHER OPERATING INCOME, NET	6 Months Ended
	Jun. 30, 2024
Other Income and Expenses [Abstract]
OTHER OPERATING INCOME, NET	NOTE 14:- OTHER OPERATING INCOME, NET Other operating income, net is comprised of the following: Six months ended June 30, 2024 2023 Mergers and acquisitions related expenses $ 2,274 $ 622 Income from arbitrations, net (748 ) (2,962 ) Others, net (2,251 ) - $ (725 ) (2,340 )

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION	NOTE 15:- BUSINESS COMBINATION In November 2023, the Company acquired DPI, a U.S. based expert systems integrator with a strong focus on the U.S. Department of Defense and the U.S. government sectors. In accordance with the acquisition method of accounting, the total estimated purchase price consideration for the DPI acquisition was $19,231, subject to working capital adjustments. For further details, see Note 17 in the Annual Financial Statements. Under the preliminary purchase price consideration allocation, the Company allocated the purchase price consideration to tangible and identified intangible assets acquired and liabilities assumed based on the preliminary estimates of their fair values (with the exception of exceptions in the purchase method such as contract assets, lease liabilities and assets, tax balances etc.), which were determined using generally accepted valuation techniques based on estimates and assumptions made by management at the time of the acquisition. Such estimates are subject to change during the measurement period which is limited to up to one year from the acquisition date. Any adjustments to the preliminary purchase price consideration allocation identified during the measurement period will be recognized in the period in which the adjustments are determined. The total purchase price consideration for the acquisition was $19,231, comprising: i. A closing payment totaling $2,461, made through the issuance of ordinary shares; ii. A deferred payment of $820 in ordinary shares, set to be issued as per the terms outlined in the purchase agreement (“Holdback Amount”); iii. $4,787 cash paid by the Company to partially settle DPI's outstanding debt and transaction costs; and iv. $11,163 Contingent earn-out payments, to be settled using the Company's ordinary shares (“Earn-out Consideration”). The Earn-out Consideration, contingent upon DPI's financial performance for the years ending December 31, 2024, 2025, and 2026, has a maximum potential issuance of 2,419,755 of the Company’s ordinary shares. Additionally, the Company has committed to issuing up to 705,245 of the Company’s ordinary shares over approximately three years post-acquisition, contingent on continued service and achieving specified financial results (“Service Based Earn-Out”), alongside a potential one-time bonus of $9,000 payable in the Company’s ordinary shares or cash (“Bonus Amount”) if all earn-outs are fully achieved. During the six months ended June 30, 2024, the Company has partially amended the Bonus Amount conditions under the purchase agreement with the former shareholders of DPI, modifying it to an amount in the range of $2,000-$9,000, conditioned upon meeting certain financial results. For the six months ended June 30, 2024, the Company recognized $2,166 of expenses related to the Service Based Earn-Out and the Bonus Amount. As of June 30, 2024, there was $8,206 of unrecognized compensation cost related to the Service Based Earn-Out and the Bonus Amount. This amount is expected to be recognized over a period of two and a half years. The Company is evaluating the impact of potential synergies across its reporting units and, as a result, have not allocated goodwill to its other reporting units as of June 30, 2024. The Company will complete its evaluation and allocate goodwill, as applicable, by the end of the measurement period.

FAIR VALUE MEASURMENTS

FAIR VALUE MEASURMENTS	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASURMENTS	NOTE 16:- FAIR VALUE MEASURMENTS The Company measured the Holdback Amount fair value by multiplying the closing market share price of the Company in the held-back number of ordinary shares and classified it within Level 1. Hedging contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. The Earn-Out Consideration is classified within Level 3, as this liability is valued using valuation techniques. In 2022, the Company invested in a convertible debt of a Canadian company. The Company has elected to measure the convertible debt at fair value with changes in fair value recognized in finance income (expenses), net in the condensed interim consolidated statement of income. The fair value of the convertible debt is classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments. As of June 30, 2024 and December 31, 2023, the fair value of the convertible debt was determined to be zero. The Company recorded a loss in the amounts of $0 and $1,396 for the six months ended June 30, 2024 and 2023, respectively, related to the revaluation of the convertible debt. June 30, 2024 Unaudited Fair value measurements using input type Level 1 Level 2 Level 3 Total Assets: Derivative assets - 143 - 143 Total financial assets $ - $ 143 $ - $ 143 Liabilities: Holdback Amount 582 - - 582 Earn-Out Consideration - - 8,123 8,123 Total financial liabilities $ 582 $ - $ 8,123 $ 8,705 December 31, 2023 Audited Fair value measurements using input type Level 1 Level 2 Level 3 Total Assets: Derivative assets - 680 - 680 Total financial assets $ - $ 680 $ - $ 680 Liabilities: Holdback Amount 795 - - 795 Earn-Out Consideration - - 10,826 10,826 Total financial liabilities $ 795 $ - $ 10,826 $ 11,621 The table below presents the changes in the Earn-Out Consideration which was classified as Level 3 and measured at fair value on a recurring basis, in the six months ended June 30, 2024: Fair value at the beginning of the period $ 10,826 Income from changes in fair value (2,703 ) Fair value at the end of the period $ 8,123 The Company estimated the fair value of the Earn-out Consideration by utilizing a Monte Carlo simulation. The significant assumptions used in the model mainly relate to the projected revenues and adjusted EBITDA in the forecasted years, including revenue growth rate range of 15.2%-28.3% and adjusted EBITDA margin range of 4.2%-16.9%. Changes in the Earn-out Consideration’s fair value were recorded in the condensed interim consolidated statements of income for the six months ended June 30, 2024 under Other operating income, net.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Unaudited condensed interim consolidated financial statements	a. Unaudited condensed interim consolidated financial statements: The accompanying unaudited condensed interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information. In the opinion of management, the unaudited condensed interim consolidated financial statements include all adjustments of a normal recurring nature necessary for a fair presentation of the Company's condensed interim consolidated financial statements. The balance sheets as of December 31, 2023 have been derived from the audited consolidated financial statements of the Company at that date but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended December 31, 2023 (the “Annual Financial Statements”), included in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 20, 2024. The significant accounting policies applied in the Company’s audited 2023 consolidated financial statements and notes thereto included in the Annual Report are applied consistently in these unaudited condensed interim consolidated financial statements. The Company’s interim period results do not necessarily indicate the results that may be expected for any other interim period or for the full fiscal year.
Use of estimates:	b. Use of estimates: The preparation of the unaudited condensed interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the dates of the unaudited condensed interim consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Main areas that require significant estimates and assumptions by the Company’s management include contract costs, revenues (including variable consideration, determination of contracts duration, establishing stand-alone selling price for performance obligations) and profits or losses, application of percentage-of-completion accounting, provisions for uncollectible receivables and customer claims, impairment of inventories, impairment and useful life of long-lived assets, goodwill impairment, valuation allowance in respect of deferred tax assets, uncertain tax positions, accruals for estimated liabilities, including litigation and insurance reserves, contingent considerations and intangibles from business combination transaction and stock-based compensation. Actual results could differ from those estimates.
Principles of consolidation:	c. Principles of consolidation: The unaudited condensed interim consolidated financial statements include the accounts of Gilat Satellite Networks Ltd. and its subsidiaries in which the Company has a controlling voting interest. Inter-company balances and transactions have been eliminated upon consolidation.
Recently issued accounting pronouncements – not yet adopted	d. Recently issued accounting pronouncements – not yet adopted: In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is evaluating the impacts of this guidance on the Company’s consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and early adoption is permitted. The Company is evaluating the impacts of this guidance on the Company’s consolidated financial statements.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	June 30, December 31, 2024 2023 Unaudited Audited Raw materials, parts and supplies $ 14,991 $ 11,993 Work in progress and assembled raw materials 8,763 9,392 Finished products 13,020 17,140 $ 36,774 $ 38,525

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	June 30, December 31, 2024 2023 Unaudited Audited Cost: Buildings and land $ 83,796 $ 83,775 Computers, software and electronic equipment 65,508 64,262 Network equipment 39,230 39,473 Office furniture and equipment 4,102 4,108 Vehicles 299 299 Leasehold improvements 2,836 2,784 195,771 194,701 Accumulated depreciation 124,603 120,386 Depreciated cost $ 71,168 $ 74,315

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Assumptions Used to Estimate Fair Value	Six months ended June 30, 2024 2023 Risk free interest 4.35% - 4.56% 3.57% - 4.08% Dividend yields 0% 0% Volatility 47.9% - 49.0% 52.77% - 53.71% Expected term (in years) 3.83 3.88 – 3.92
Schedule of Stock Option Activity	Number of options Weighted- average exercise price Weighted- average remaining contractual term (in years) Aggregate intrinsic value (in thousands) Outstanding at January 1, 2024 5,679,775 $ 6.9 4.2 $ 817 Granted 280,000 $ 5.8 Exercised (76,875 ) $ 6.4 Forfeited and cancelled (337,875 ) $ 10.5 Outstanding as of June 30, 2024 5,545,025 $ 6.7 4.0 $ - Exercisable as of June 30, 2024 2,219,608 $ 7.0 3.1 $ 6
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]	Six months ended June 30, 2024 2023 Cost of revenue of products $ 136 $ 76 Cost of revenue of services 164 94 Research and development expenses, net 356 312 Selling and marketing expenses 305 163 General and administrative expenses 2,927 469 $ 3,888 $ 1,114

OTHER COMPREHENSIVE INCOME (L_2

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2024
Comperhensive Income Tables Abstract
Schedule of Accumulated Other Comprehensive Loss	Six months ended June 30, 2024 Foreign currency translation adjustments Unrealized losses on cash flow hedges Total Beginning balance $ (5,995 ) $ 680 $ (5,315 ) Other comprehensive loss before reclassifications (591 ) (675 ) (1,266 ) Amounts reclassified from accumulated other comprehensive loss - 138 138 Net current-period other comprehensive loss (591 ) (537 ) (1,128 ) Ending balance $ (6,586 ) $ 143 $ (6,443 )

CUSTOMERS, GEOGRAPHIC AND SEG_2

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Financial Data for Reportable Operating Segments	Six months ended June 30, 2024 Satellite Networks Integrated Solutions Network Infrastructure and Services *) Total Revenues $ 97,378 $ 24,619 $ 30,712 $ 152,709 Operating income (loss) 8,459 (1,906 ) 1,629 8,182 Financial income, net 779 Income before taxes on income 8,961 Taxes on income (2,695 ) Net income 6,266 Depreciation and amortization Expenses $ 4,817 $ 1,419 $ 1,097 $ 7,333 Six months ended June 30, 2023 Satellite Networks Integrated Solutions Network Infrastructure and Services *) Total Revenues $ 74,273 $ 25,619 $ 26,659 $ 126,551 Operating income (loss) 11,206 (1,457 ) 2,713 12,462 Financial expenses, net (735 ) Income before taxes on income 11,727 Taxes on income (1,822 ) Net income 9,905 Depreciation and amortization Expenses $ 2,706 $ 1,622 $ 1,894 $ 6,222 *) During the six months ended June 30, 2024 and June 30, 2023, the Company recognized revenues from construction performance obligations in the amount of $11,059 and $5,558, respectively, which are presented under Network Infrastructure and Services operating segment.
Schedule of Revenue by Geographic Area	Six months ended June 30, 2024 2023 United States $ 61,672 $ 55,582 Peru 30,740 26,766 Israel 8,000 1,793 Others 52,297 42,410 $ 152,709 $ 126,551
Schedule of Revenue from Major Customers	Six months ended June 30, 2024 2023 Customer A – Network Infrastructure and Services 17 % 15 % Customer B – Satellite Networks 13 % * ) Customer C – Satellite Networks * ) 20 % *) Less than 10%

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share	1. Numerator: Six months ended June 30, 2024 2023 Net income available to holders of ordinary shares $ 6,266 $ 9,905 2. Denominator: Six months ended June 30, 2024 2023 Weighted average number of shares 57,016,808 56,615,714 Add – stock options - 6,490 Denominator for diluted earnings per share – adjusted weighted average shares assuming exercise of stock options 57,016,808 56,622,204

SUPPLEMENTARY CONDENSED INTER_2

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
Supplementary Consolidated Balance Sheets Information [Abstract]
Schedule of Other Current Assets	June 30, 2024 December 31, 2023 Unaudited Audited Governmental authorities *) $ 3,512 $ 3,186 Prepaid expenses 6,509 6,227 Deferred charges 4,153 8,320 Advance payments to suppliers 3,054 3,716 Other 2,788 2,850 20,016 $ 24,299
Schedule of Other Current Liabilities	June 30, 2024 December 31, 2023 Unaudited Audited Payroll and related employee accruals $ 14,374 $ 14,017 Governmental authorities 1,842 2,301 Holdback Amount (see Note 15) 582 - Deferred rent 1,128 - Other 153 113 $ 18,079 $ 16,431
Schedule of Line of Credit Facilities	Interest rate Maturity June 30, 2024 Credit facility from bank U.S. Prime Plus 2.25% 2024 $ -
Schedule of Long-Term Loan	Interest rate Maturity June 30, 2024 Other loan 14% 2026 $ 2,000
Schedule of Other Long-Term Liabilities	June 30, 2024 December 31, 2023 Unaudited Audited Earn-Out Consideration, Holdback Amount and Bonus Amount (see Note 15) $ 9,441 $ 11,982 Other 700 934 10,141 $ 12,916

OTHER OPERATING INCOME, NET (Ta

OTHER OPERATING INCOME, NET (Tables)	6 Months Ended
	Jun. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Other Operating Income	Six months ended June 30, 2024 2023 Mergers and acquisitions related expenses $ 2,274 $ 622 Income from arbitrations, net (748 ) (2,962 ) Others, net (2,251 ) - $ (725 ) (2,340 )

FAIR VALUE MEASURMENTS (Tables)

FAIR VALUE MEASURMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements Input	June 30, 2024 Unaudited Fair value measurements using input type Level 1 Level 2 Level 3 Total Assets: Derivative assets - 143 - 143 Total financial assets $ - $ 143 $ - $ 143 Liabilities: Holdback Amount 582 - - 582 Earn-Out Consideration - - 8,123 8,123 Total financial liabilities $ 582 $ - $ 8,123 $ 8,705 December 31, 2023 Audited Fair value measurements using input type Level 1 Level 2 Level 3 Total Assets: Derivative assets - 680 - 680 Total financial assets $ - $ 680 $ - $ 680 Liabilities: Holdback Amount 795 - - 795 Earn-Out Consideration - - 10,826 10,826 Total financial liabilities $ 795 $ - $ 10,826 $ 11,621
Schedule of Fair Value Measured On Recurring Basis	Fair value at the beginning of the period $ 10,826 Income from changes in fair value (2,703 ) Fair value at the end of the period $ 8,123

GENERAL (Narrative) (Details)

GENERAL (Narrative) (Details) - USD ($) $ in Thousands	Mar. 08, 2023	Jun. 17, 2024
Datapath Inc [Member]
General [Line Items]
Percentage of shares acquire	100%
Estimated purchase price consideration	$ 19,231
Stellar Blu Solutions LLC [Member]
General [Line Items]
Percentage of shares acquire		100%

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventory write-offs	$ 1,113	$ 1,455

INVENTORIES (Schedule of Invent

INVENTORIES (Schedule of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials, parts and supplies	$ 14,991	$ 11,993
Work in progress and assembled raw materials	8,763	9,392
Finished products	13,020	17,140
Inventory, Net	$ 36,774	$ 38,525

PROPERTY AND EQUIPMENT, NET (Na

PROPERTY AND EQUIPMENT, NET (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 5,393	$ 6,122
Gross income from lease	$ 2,649	$ 2,790

PROPERTY AND EQUIPMENT, NET (Sc

PROPERTY AND EQUIPMENT, NET (Schedule of Property and Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 195,771	$ 194,701
Accumulated depreciation	124,603	120,386
Depreciated cost	71,168	74,315
Buildings and land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	83,796	83,775
Computers, software and electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	65,508	64,262
Network equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	39,230	39,473
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,102	4,108
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	299	299
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,836	$ 2,784

DEFERRED REVENUES (Narrative) (

DEFERRED REVENUES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Deferred revenue	$ 11,969		$ 15,700
Revenue	152,709	$ 126,551
Unsatisfied performance obligations	$ 305,662
Minimum [Member]
Expected to be recognized over periods performance obligations	5 years
Maximum [Member]
Expected to be recognized over periods performance obligations	11 years
Recognized over time for service [Member]
Revenue	$ 5,373

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2018	Jun. 30, 2023	Dec. 31, 2023	Jun. 30, 2024
Guarantor Obligations [Line Items]
Amount of claim, including interest, penalties and legal fees					$ 6,895
Principle amount of claim					727
Aggregate amount of guarantees					78,300
Restricted cash collateral					1,070
Collection of first payment for arbitration-award				$ 3,213
Legal success fees			$ 251
Peru [Member]
Guarantor Obligations [Line Items]
Aggregate amount of guarantees					$ 73,700
Arbitration award amount	$ 15,000	$ 13,500

DERIVATIVE INSTRUMENTS (Narrati

DERIVATIVE INSTRUMENTS (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Income loss recognized in income related to the effective portion of its hedging instruments	$ 138	$ 1,224
Fair value of derivative instruments	143		$ 680
Derivative notional amount	23,970		$ 24,267
Estimated existing losses expected to be reclassified to income (loss)	$ 143

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2010	Oct. 31, 2008
Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant-date fair value of options granted	$ 2.22	$ 2.43
Intrinsic value of options exercised	$ 6
Two Thousand Eight Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total number of shares authorized			10,466,761
Shares available for grant	82,875		11,466,761	1,000,000

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule of Assumptions Used to Estimate Fair Value) (Details) - Employee [Member]	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yields	0%	0%
Expected term (in years)	3 years 9 months 29 days
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest	4.35%	3.57%
Volatility	47.90%	52.77%
Expected term (in years)		3 years 10 months 17 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest	4.56%	4.08%
Volatility	49%	53.71%
Expected term (in years)		3 years 11 months 1 day

SHAREHOLDERS' EQUITY (Schedul_2

SHAREHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) - Employee and director [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Number of options
Outstanding at January 1, 2024	5,679,775
Granted	280,000
Exercised	(76,875)
Forfeited and cancelled	(337,875)
Outstanding as of June 30, 2024	5,545,025
Exercisable as of June 30, 2024	2,219,608
Weighted-average exercise price
Outstanding at January 1, 2024	$ 6.9
Granted	5.8
Exercised	6.4
Forfeited and cancelled	10.5
Outstanding as of June 30, 2024	6.7
Exercisable as of June 30, 2024	$ 7
Weighted-average remaining contractual term (in years)
Outstanding at End	4 years	4 years 2 months 12 days
Exercisable as of June 30, 2024	3 years 1 month 6 days
Aggregate intrinsic value
Outstanding at January 1, 2024	$ 817
Outstanding as of June 30, 2024	0
Exercisable as of June 30, 2024	$ 6

SHAREHOLDERS' EQUITY (Schedul_3

SHAREHOLDERS' EQUITY (Schedule of Stock-Based Compensation Expenses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	$ 3,888	$ 1,114
Cost of revenues of products [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	136	76
Cost of revenues of services [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	164	94
Research and development, net [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	356	312
Selling and marketing [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	305	163
General and administrative [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expenses	$ 2,927	$ 469

OTHER COMPREHENSIVE INCOME (L_3

OTHER COMPREHENSIVE INCOME (LOSS) (Schedule of Accumulated Other Comprehensive Loss, Net) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (5,315)
Other comprehensive loss before reclassifications	(1,266)
Amounts reclassified from accumulated other comprehensive income	138
Net current-period other comprehensive loss	(1,128)	$ (108)
Ending balance	(6,443)
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(5,995)
Other comprehensive loss before reclassifications	(591)
Amounts reclassified from accumulated other comprehensive income	0
Net current-period other comprehensive loss	(591)
Ending balance	(6,586)
Unrealized losses on cash flow hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	680
Other comprehensive loss before reclassifications	(675)
Amounts reclassified from accumulated other comprehensive income	138
Net current-period other comprehensive loss	(537)
Ending balance	$ 143

CUSTOMERS, GEOGRAPHIC AND SEG_3

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Schedule of Financial Data for Reportable Operating Segments) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenue		$ 152,709	$ 126,551
Operating income (loss)		8,182	12,462
Financial expenses, net		779	(735)
Income before taxes on income		8,961	11,727
Taxes on income		(2,695)	(1,822)
Net income		6,266	9,905
Depreciation and amortization Expenses		7,333	6,222
Satellite Networks [Member]
Segment Reporting Information [Line Items]
Revenue		97,378	74,273
Operating income (loss)		8,459	11,206
Depreciation and amortization Expenses		4,817	2,706
Integrated Solutions [Member]
Segment Reporting Information [Line Items]
Revenue		24,619	25,619
Operating income (loss)		(1,906)	(1,457)
Depreciation and amortization Expenses		1,419	1,622
Network Infrastructure and Services [Member]
Segment Reporting Information [Line Items]
Revenue	[1]	30,712	26,659
Operating income (loss)	[1]	1,629	2,713
Depreciation and amortization Expenses		1,097	1,894
Revenues from construction performance obligations		$ 11,059	$ 5,558
[1]During the six months ended June 30, 2024 and June 30, 2023, the Company recognized revenues from construction performance obligations in the amount of $11,059 and $5,558, respectively, which are presented under Network Infrastructure and Services operating segment.

CUSTOMERS, GEOGRAPHIC AND SEG_4

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Schedule of Revenue by geographic areas) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 152,709	$ 126,551
US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	61,672	55,582
Peru [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	30,740	26,766
Israel [Member
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	8,000	1,793
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 52,297	$ 42,410

CUSTOMERS, GEOGRAPHIC AND SEG_5

CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Schedule of Revenue from Major Customers) (Details) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	6 Months Ended
	Jun. 30, 2024		Jun. 30, 2023
Customer A – Network Infrastructure and Services [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk percentage	17%		15%
Customer B – Satellite Networks [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk percentage	13%			[1]
Customer C – Satellite Networks [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk percentage		[1]	20%
[1]Less than 10%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 2,695	$ 1,822

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Outstanding options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted earnings (losses) per share	5,545,025	3,821,128

EARNINGS PER SHARE (Schedule of

EARNINGS PER SHARE (Schedule of computation of basic and diluted earnings (loss) per share) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Numerator for basic and diluted earnings (losses) per share -
Net income available to holders of ordinary shares	$ 6,266	$ 9,905
Denominator for basic diluted earnings (losses) per share -
Weighted average number of shares	57,016,808	56,615,714
Add - stock options	0	6,490
Denominator for diluted earnings per share - adjusted weighted average shares assuming exercise of stock options	57,016,808	56,622,204

SUPPLEMENTARY CONDENSED INTER_3

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION (schedule of other current assets) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Dec. 31, 2023
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]
Governmental authorities	[1]	$ 3,512	$ 3,186
Prepaid expenses		6,509	6,227
Deferred charges		4,153	8,320
Advance payments to suppliers		3,054	3,716
Other		2,788	2,850
Total other current assets		20,016	$ 24,299
Amount Receivable From United States Government Related To Cares Act		$ 952
[1]Under the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") the Company was eligible for a refundable Employee Retention Credit subject to certain criteria. As of December 31, 2023, the Company had a $952 receivable balance from the United States government related to the CARES Act. During the six months ended June 30, 2024 the entire outstanding amount was collected by the Company.

SUPPLEMENTARY CONDENSED INTER_4

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION (schedule of other current liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]
Payroll and related employee accruals	$ 14,374	$ 14,017
Governmental authorities	1,842	2,301
Holdback Amount	582	0
Deferred rent	1,128	0
Other	153	113
Total other current liabilities	$ 18,079	$ 16,431

SUPPLEMENTARY CONDENSED INTER_5

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION - (schedule of credit facility) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]
Credit facility from bank Interest rate	U.S. Prime Plus 2.25
Credit facility from bank: maturity	2024
Credit facility	$ 0

SUPPLEMENTARY CONDENSED INTER_6

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION - (schedule of long-term loan) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]
Other loan Interest rate	14%
Other loan maturity	2026
Other loan	$ 2,000

SUPPLEMENTARY CONDENSED INTER_7

SUPPLEMENTARY CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS INFORMATION-term liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
SUPPLEMENTARY BALANCE SHEET INFORMATION [Abstract]
Earn-Out Consideration, Holdback Amount and Bonus Amount	$ 9,441	$ 11,982
Other	700	934
Total other long-term liabilities	$ 10,141	$ 12,916

OTHER OPERATING INCOME, NET (Sc

OTHER OPERATING INCOME, NET (Schedule of other operating income) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Abstract]
Mergers and acquisitions related expenses	$ 2,274	$ 622
Income from arbitrations, net	(748)	(2,962)
Others, net	(2,251)	0
Operating Income (Loss), Total	$ (725)	$ (2,340)

BUSINESS COMBINATION (Narrative

BUSINESS COMBINATION (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended	12 Months Ended
	Nov. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Service Based Earn-Out and the Bonus Amount		$ 2,166
DPI [Member]
Business Acquisition [Line Items]
Price consideration	$ 19,231
Value of ordinary shares issued	2,461
Deferred payment in ordinary shares	820
Cash paid to partially settle DPI's outstanding debt and transaction costs	4,787
Contingent earn-out payments	$ 11,163
Ordinary shares issued	2,419,755		705,245
One time bonus receivable			$ 9,000
Service Based Earn-Out and the Bonus Amount		2,166
Unrecognized compensation cost related to the Service Based Earn		8,206
DPI [Member] | Minimum [Member]
Business Acquisition [Line Items]
Amended bonus amount		2,000
DPI [Member] | Maximum [Member]
Business Acquisition [Line Items]
Amended bonus amount		$ 9,000

FAIR VALUE MEASURMENTS (Narrati

FAIR VALUE MEASURMENTS (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Revaluation of the convertible debt income (loss)	$ 0	$ 1,396
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Margin range	(4.20%)
Revenue growth rate	(15.20%)
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Margin range	(16.90%)
Revenue growth rate	(28.30%)

FAIR VALUE MEASURMENTS (Schedul

FAIR VALUE MEASURMENTS (Schedule of Fair Value Measurements Input) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets:
Derivative assets	$ 143	$ 680
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Derivative assets	Derivative assets
Total financial assets	$ 143	$ 680
Liabilities:
Holdback Amount	582	795
Earn-Out Consideration	8,123	10,826
Total financial liabilities	8,705	11,621
Fair Value, Inputs, Level 1 [Member]
Assets:
Derivative assets	0	0
Total financial assets	0	0
Liabilities:
Holdback Amount	582	795
Earn-Out Consideration	0	0
Total financial liabilities	582	795
Fair Value, Inputs, Level 2 [Member]
Assets:
Derivative assets	143	680
Total financial assets	143	680
Liabilities:
Holdback Amount	0	0
Earn-Out Consideration	0	0
Total financial liabilities	0	0
Fair Value, Inputs, Level 3 [Member]
Assets:
Derivative assets	0	0
Total financial assets	0	0
Liabilities:
Holdback Amount	0	0
Earn-Out Consideration	8,123	10,826
Total financial liabilities	$ 8,123	$ 10,826

FAIR VALUE MEASURMENTS (Sched_2

FAIR VALUE MEASURMENTS (Schedule of Fair Value Measured On Recurring Basis) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value at the beginning of the year	$ 10,826
Fair value at the end of the year	8,123
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value at the beginning of the year	10,826
Fair value at the end of the year	8,123
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value at the beginning of the year	10,826
Income from changes in fair value	(2,703)
Fair value at the end of the year	$ 8,123