0001432133-24-000111 | 10-Q | XBRL Viewer

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001
Preferred stock, shares authorized (in shares)	20,000,000
Preferred stock, shares issued (in shares)	0
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000
Common stock, shares issued (in shares)	154,031,496	150,274,107
Common stock, shares outstanding (in shares)	146,346,306	142,588,917
Treasury stock, shares (in shares)	7,685,190
Treasury Shares Par Value Per Share	$ 0.0001

LEASES

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

LEASES

NOTE 7: LEASES

The Company leases its office facilities under agreements that expire at various dates through July 2032.

Components of operating lease expense were as follows:


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023

Operating lease cost	$	684	$	761
Short-term lease cost	—		154
Variable lease cost	34		9

Total	$	718	$	924

Supplementary cash flow information related to operating leases was as follows:


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023

Cash paid for operating leases	$	387	$	579

As of March 31, 2024, the weighted-average discount rate is 4.7% and the weighted-average remaining term is 7.9 years. Maturities of the Company’s operating lease liabilities as of March 31, 2024 were as follows:


Year Ending December 31,

2024 (Remainder)	2,327
2025	3,086
2026	3,148
2027	2,715
2028	2,336
2029	2,336
2030 and thereafter	6,618
Total operating lease payments	22,566
Less: imputed interest	3,157
Total operating lease liabilities	$	19,409

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Table Text Block [Abstract]
Prepaid expenses	$ 3,682	$ 2,656
Government institutions	57	0
Derivative instrument	344	998
Restricted bank deposits	3,397	3,397
Other current assets	818	1,359
Prepaid expenses and other current assets	$ 8,298	$ 8,410

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

NOTE 12: NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS:

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented:


	Three Months Ended March 31,
	2024		2023

Numerator:
Net loss	$	11,096	$	12,795
Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	144,253,660		135,087,949

Net loss per share attributable to common stockholders, basic and diluted	$	0.08	$	0.09

Instruments potentially exercisable for common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows:


	Three Months Ended March 31,
	2024	2023

Outstanding stock options and RSUs	39,704,374	39,387,789

Total	39,704,374	39,387,789

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses	$ 117	$ 167

LEASES - Schedule of Maturities of Operating Leases (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 2,327
Lessee, Operating Lease, Liability, to be Paid, Year One	3,086
Lessee, Operating Lease, Liability, to be Paid, Year Two	3,148
Lessee, Operating Lease, Liability, to be Paid, Year Three	2,715
Lessee, Operating Lease, Liability, to be Paid, Year Four	2,336
Lessee, Operating Lease, Liability, to be Paid, Year Five	2,336
Lessee, Operating Lease, Liability, to be Paid, after Year Five	6,618
Total operating lease payments	22,566
Less: imputed interest	3,157
Total operating lease liabilities	$ 19,409

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Composition of Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Cost	$ 27,340		$ 27,260
Accumulated depreciation	(8,332)		(7,147)
Depreciated cost	19,008		20,113
Depreciation expenses	1,188	$ 842
Computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Cost	3,862		3,802
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Cost	2,183		2,183
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	7,286		7,267
Finance leases of computers and peripheral equipment
Property, Plant and Equipment [Line Items]
Cost	254		253
Internal use software
Property, Plant and Equipment [Line Items]
Cost	$ 13,755		$ 13,755

INCOME TAXES (Details) - USD ($)	3 Months Ended
INCOME TAXES (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 2,308,000	$ 2,620,000
Statutory tax rate	(26.00%)	(26.00%)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Schedule of revenue by major customers by reporting segments


	Three Months Ended March 31,
	2024		2023

Customer A (Media & Telecom)	10.62	%	10.70	%

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Other Assets, Noncurrent (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Table Text Block [Abstract]
Restricted cash	$ 100	$ 100	$ 1,178
Severance pay fund	1,494	1,685
Other Restricted Assets, Noncurrent	1,010	1,025
Other	275	290
Other assets, noncurrent	$ 2,879	$ 3,100

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of non-cancelable purchase commitments


Year Ending March 31,

2024 (Remainder)	24,132
2025	27,334
2026	28,557
Total purchase commitment	$	80,023

DERIVATIVES AND HEDGING (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The effect of foreign currency contracts on the condensed consolidated statements of operations during the three months ended March 31, 2024 and 2023 were as follows:


Condensed Statement of Operations Location:	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023

Cost of revenue	$	(101)	$	70
Research and development	$	(343)	$	252
Sales and marketing	$	(87)	$	58
General and administrative	$	(135)	$	96
Restructuring	$	—	$	28

Total	$	(666)	$	504

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Share-based Payment Arrangement, Activity


	Number of Options	Weighted Average exercise price		Weighted remaining contractual term (years)	Aggregate Intrinsic Value

Outstanding as of January 1, 2024	22,933,058	$	4.99	6.29	$	5,378

Granted	—	$	—
Exercised	(314,671)	$	0.23		$	364
Forfeited	(1,259,486)	$	12.40

Outstanding as of March 31, 2024	21,358,901	$	4.63	5.87	$	1,899

Exercisable options at end of the period	17,091,719	$	3.01	5.63	$	1,899

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity


	RSUs Outstanding	Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2023	11,199,265	$2.24
RSUs granted	11,067,000	$1.51
RSUs vested	(3,442,718)	$2.13
RSUs forfeited	(478,074)	$2.22
Unvested and Outstanding as of March 31, 2024	18,345,473	$1.82

Schedule of share-based compensation expense by line item


	Three Months Ended March 31,
	2024		2023

Cost of revenue	$	285	$	264
Research and development	1,172		1,145
Sales and marketing	770		772
General and administrative	4,302		4,978

Total expenses	$	6,529	$	7,159

Schedule Of Shares Of Common Stock Reserved For Future Issuance


						March 31, 2024
Outstanding options						21,358,901
Outstanding RSUs						18,345,473
Shares reserved under 2021 Plan						1,321,143

Total						41,025,517

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	OTE 11: INCOME TAXES The Company recognized an income tax expense of $2,308 and $2,620 for the three months ended March 31, 2024, and 2023, respectively. The tax expense for these periods was primarily attributable to pre-tax foreign earnings in our foreign jurisdictions. The Company’s effective tax rates of (26)% and (26)% for the three months ended March 31, 2024 and 2023, respectively, differ from the U.S. statutory tax rate primarily due to U.S. losses for which there is no benefit and the tax rate differences between the U.S. and the foreign countries in which we operate. The Company has a full valuation allowance on its net deferred tax assets. The residual deferred tax liability is from indefinite life goodwill intangibles and include under other liabilities, noncurrent in the balance sheet. Management currently believes that it is more likely than not that the deferred tax regarding the tax loss carry forwards and other temporary differences will not be realized in the foreseeable future in the U.S.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Schedule of the computation of basic and diluted net earnings (loss) per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net loss	$ 11,096	$ 12,795
Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	144,253,660	135,087,949
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ 0.08	$ 0.09

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Text Block [Abstract]
Balance as of December 31, 2022	$ 1,047	$ (301)
Other comprehensive income (loss) before reclassifications	(79)	(757)
Net realized losses reclassified from accumulated other comprehensive income	(666)	505
Other comprehensive losses	(745)	(252)
Balance as of March 31, 2023	302	(553)
Accumulated other comprehensive income	302	(553)
Other comprehensive income (loss) before reclassifications	(79)	(757)
Net realized losses reclassified from accumulated other comprehensive income	666	(505)
Other comprehensive loss, net of tax	(745)	(252)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent
Text Block [Abstract]
Balance as of December 31, 2022	49	(181)
Other comprehensive income (loss) before reclassifications	(72)	109
Net realized losses reclassified from accumulated other comprehensive income	0	0
Other comprehensive losses	(72)	109
Balance as of March 31, 2023	(23)	(72)
Accumulated other comprehensive income	(23)	(72)
Other comprehensive income (loss) before reclassifications	(72)	109
Net realized losses reclassified from accumulated other comprehensive income	0	0
Other comprehensive loss, net of tax	(72)	109
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Text Block [Abstract]
Balance as of December 31, 2022	998	(120)
Other comprehensive income (loss) before reclassifications	(7)	(866)
Net realized losses reclassified from accumulated other comprehensive income	(666)	505
Other comprehensive losses	(673)	(361)
Balance as of March 31, 2023	325	(481)
Accumulated other comprehensive income	325	(481)
Other comprehensive income (loss) before reclassifications	(7)	(866)
Net realized losses reclassified from accumulated other comprehensive income	666	(505)
Other comprehensive loss, net of tax	$ (673)	$ (361)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 44,781,000	$ 43,273,000
Cost of revenue:
Total cost of revenue	16,173,000	15,987,000
Gross profit	28,608,000	27,286,000
Operating expenses:
Research and development	12,005,000	14,130,000
Sales and marketing	11,812,000	12,071,000
General and administrative	12,082,000	12,100,000
Restructuring Costs	0	945,000
Total operating expenses	35,899,000	39,246,000
Operating loss	7,291,000	11,960,000
Financial expenses (income), net	1,497,000	(1,785,000)
Loss before provision for income taxes	8,788,000	10,175,000
Provision for income taxes	2,308,000	2,620,000
Net loss	$ 11,096,000	$ 12,795,000
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ 0.08	$ 0.09
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	144,253,660	135,087,949
Subscription
Revenue:
Total revenue	$ 41,170,000	$ 40,392,000
Cost of revenue:
Total cost of revenue	11,401,000	11,168,000
Professional services
Revenue:
Total revenue	3,611,000	2,881,000
Cost of revenue:
Total cost of revenue	$ 4,772,000	$ 4,819,000

SELECTED STATEMENT OF OPERATIONS DATA (Tables)

3 Months Ended

Mar. 31, 2024

Selected Statement Of Operations Data [Abstract]

Schedule of financial income expenses


	Three Months Ended March 31,
	2024		2023

Financial income:

Interest income	$	818	$	538
Foreign currency translation adjustments, net	—		2,237

	818		2,775
Financial expenses:

Foreign currency translation adjustments, net	1,565		—
Bank fees	33		34
Interest expense	704		803
Other	13		153

	2,315		990

Financial expenses (income), net	$	1,497	$	(1,785)

LEASES - Schedule of Leases Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating lease cost	$ 684	$ 761
Short-term lease cost	0	154
Variable lease cost	34	9
Total	$ 718	$ 924

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 8: COMMITMENTS AND CONTINGENCIES

Purchase Commitments

The Company has entered into various non-cancelable agreements with third-party providers for use of mainly cloud and other services, under which it committed to minimum and fixed purchases through the year ending December 31, 2026.

The following table presents details of the aggregate future non-cancelable purchase commitments under such agreements as of March 31, 2024:


Year Ending March 31,

2024 (Remainder)	24,132
2025	27,334
2026	28,557
Total purchase commitment	$	80,023

During the three months ended March 31, 2024, the Company has accelerated expenses in the amount of $1,312 related to its minimum commitment with one of its cloud hosting service due to the Company's decision not to utilize the provider's cloud service. Such expenses were recorded under general and administrative expenses in the consolidated statement of operations.

Litigation

The Company is occasionally a party to claims or litigation in the normal course of the business. The Company does not believe that it is a party to any pending legal proceeding that is likely to have a material adverse effect on its business, financial condition, or results of operations.

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of the computation of basic and diluted net earnings (loss) per share


	Three Months Ended March 31,
	2024		2023

Numerator:
Net loss	$	11,096	$	12,795
Denominator:
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	144,253,660		135,087,949

Net loss per share attributable to common stockholders, basic and diluted	$	0.08	$	0.09

Schedule of antidilutive securities excluded from computation of earnings per share


	Three Months Ended March 31,
	2024	2023

Outstanding stock options and RSUs	39,704,374	39,387,789

Total	39,704,374	39,387,789

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net loss	$ (11,096)	$ (12,795)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,305	1,009
Stock-based compensation expenses	6,529	7,159
Amortization of deferred contract acquisition and fulfillment costs	2,888	2,970
Non-cash interest expenses (income), net	(286)	(224)
Gain on foreign exchange	(325)	(195)
Changes in operating assets and liabilities:
Decrease in trade receivables	5,475	10,553
Increase in prepaid expenses and other current assets and other assets, noncurrent	(560)	(764)
Increase in deferred contract acquisition and fulfillment costs	(1,067)	(1,642)
Increase (decrease) in trade payables	4,447	(1,450)
Increase (decrease) in accrued expenses and other current liabilities	1,654	(37)
Decrease in employees and payroll accruals	(1,099)	(2,405)
Increase (decrease) in other liabilities, noncurrent	(36)	406
Decrease in deferred revenue	(8,617)	(9,595)
Operating lease right-of-use assets and lease liabilities, net	(358)	(422)
Net cash used in operating activities	(1,146)	(7,432)
Cash flows from investing activities:
Investment in available-for-sale marketable securities	(15,424)	(2,924)
Proceeds from maturities of available-for-sale marketable securities	12,000	9,236
Purchases of property and equipment	(93)	(852)
Capitalized internal-use software	0	(380)
Net cash provided by (used in) investing activities	(3,517)	5,080
Cash flows from financing activities:
Repayment of long-term loans	(875)	(1,500)
Proceeds from exercise of stock options	104	578
Payment of debt issuance costs	(10)	0
Net cash used in financing activities	(781)	(922)
Net decrease in cash, cash equivalents and restricted cash	(5,119)	(3,079)
Cash, cash equivalents and restricted cash at the beginning of the period	36,784	45,833
Cash, cash equivalents and restricted cash at the end of the period	31,665	42,754
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract]
Effect of exchange rate changes on cash, cash equivalents and restricted cash	325	195
Supplemental disclosure of non-cash activity:
Purchase of property, equipment, and internal-use software in credit	36	262
Capitalized stock-based compensation cost	104	132
Pending proceeds from option exercises	47	30
Lease incentive recognized as leasehold improvements	0	2,922
Supplemental disclosure of cash flow information
Cash paid for income taxes, net	408	1,151
Cash paid for interest	694	749
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheet
Cash and cash equivalents	31,565	41,576
Restricted cash included in other assets, noncurrent	100	1,178
Total cash, cash equivalents, and restricted cash	$ 31,665	$ 42,754

REVENUES FROM CONTRACTS WITH CUSTOMERS - Schedule of costs to obtain a contract and costs to fulfill a contract (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Capitalized Contract Cost [Line Items]
Amortization of deferred contract acquisition costs/deferred costs to fulfill a contract	$ (2,888)	$ (2,970)
Deferred contract acquisition and fulfillment costs, current	10,426		$ 10,636
Deferred contract acquisition and fulfillment costs, noncurrent	15,757		17,314
Costs to obtain a contract
Capitalized Contract Cost [Line Items]
Deferred costs to obtain or fulfill contract, beginning balance	24,210	26,928
Additions to deferred contract acquisition costs during the period	1,170	1,741
Amortization of deferred contract acquisition costs/deferred costs to fulfill a contract	2,520	2,523
Deferred costs to obtain or fulfill contract, ending balance	22,860	26,146
Deferred contract acquisition and fulfillment costs, current	9,021	8,934
Deferred contract acquisition and fulfillment costs, noncurrent	13,839	17,212
Total deferred costs to obtain or fulfill contract	22,860	26,146	24,210
Costs to fulfill a contract
Capitalized Contract Cost [Line Items]
Deferred costs to obtain or fulfill contract, beginning balance	3,740	5,522
Additions to deferred costs to fulfill a contract during the period	0	0
Amortization of deferred contract acquisition costs/deferred costs to fulfill a contract	417	447
Deferred costs to obtain or fulfill contract, ending balance	3,323	5,075
Deferred contract acquisition and fulfillment costs, current	1,405	1,751
Deferred contract acquisition and fulfillment costs, noncurrent	1,918	3,324
Total deferred costs to obtain or fulfill contract	$ 3,323	$ 5,075	$ 3,740

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS

OTE 15: STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS

Equity Incentive Plans

On January 1, 2024, the number of shares of common stock authorized for issuance under the 2021 Incentive Award Plan (the “2021 Plan”) automatically increased by 7,129,446 shares pursuant to the terms of the 2021 Plan.

Stock Options

A summary of the Company's stock option activity with respect to options granted under the 2021 Plan is as follows:


	Number of Options	Weighted Average exercise price		Weighted remaining contractual term (years)	Aggregate Intrinsic Value

Outstanding as of January 1, 2024	22,933,058	$	4.99	6.29	$	5,378

Granted	—	$	—
Exercised	(314,671)	$	0.23		$	364
Forfeited	(1,259,486)	$	12.40

Outstanding as of March 31, 2024	21,358,901	$	4.63	5.87	$	1,899

Exercisable options at end of the period	17,091,719	$	3.01	5.63	$	1,899

RSUs

The following table summarizes the RSU activity with respect to the 2021 Plan for the three months ended March 31, 2024:


	RSUs Outstanding	Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2023	11,199,265	$2.24
RSUs granted	11,067,000	$1.51
RSUs vested	(3,442,718)	$2.13
RSUs forfeited	(478,074)	$2.22
Unvested and Outstanding as of March 31, 2024	18,345,473	$1.82

Stock-Based Compensation Expense

The stock-based compensation expense by line item in the accompanying consolidated statement of operations is summarized as follows:


	Three Months Ended March 31,
	2024		2023

Cost of revenue	$	285	$	264
Research and development	1,172		1,145
Sales and marketing	770		772
General and administrative	4,302		4,978

Total expenses	$	6,529	$	7,159

As of March 31, 2024, there was $35,927 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the Company's equity incentive plans. These costs are expected to be recognized over a weighted-average period of approximately two years.

Shares Reserved for Future Issuance

The Company has the following common stock reserved for future issuance under the 2021 Plan:


						March 31, 2024
Outstanding options						21,358,901
Outstanding RSUs						18,345,473
Shares reserved under 2021 Plan						1,321,143

Total						41,025,517

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Investments, Debt and Equity Securities (Tables)

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities Reconciliation


	March 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale – matures within one year:
Corporate bonds	$	8,384	$	3	$	(2)	$	8,385
U.S. Treasury	14,690		4		(13)		14,681
Commercial paper	6,924		—		(3)		6,921
Agency bonds	7,312		3		(8)		7,307
	37,310		10		(26)		37,294

Available-for-sale – matures after one year:
Corporate bonds	1,962		1		(2)		1,961
U.S. Treasury	2,948		1		(6)		2,943
	4,910		2		(8)		4,904

Total	$	42,220	$	12	$	(34)	$	42,198


	December 31, 2023
	Amortized cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale – matures within one year:
Corporate bonds	$	6,985	$	4	$	—	$	6,989
U.S. Treasury	8,795		17		—		8,812
Commercial paper	8,855		—		(5)		8,850
Agency bonds	8,037		9		(5)		8,041
	32,672		30		(10)		32,692

Available-for-sale – matures after one year:
Corporate bonds	2,944		14		—		2,958
U.S. Treasury	2,869		17		—		2,886
	5,813		31		—		5,844

Total	$	38,485	$	61	$	(10)	$	38,536

LONG-TERM LOAN - Narrative (Details)	3 Months Ended
LONG-TERM LOAN - Narrative (Details)	Mar. 31, 2024 USD ($)
Line of Credit Facility [Line Items]
Interest rate per annum	795.00%
Installments payable frequency of payments	quarterly
Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	200.00%
Eurodollar
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.50%
Alternate Base Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Debt Instrument, Interest Rate, Stated Percentage	150.00%
Alternate Base Rate \| Federal Funds Effective Rate
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	50.00%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Interest rate per annum	535.00%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Credit Adjustment Spread
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Margin
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	250.00%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	100.00%
New Senior Secured Term Loan Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	$ 40,000,000
New Senior Secured Revolving Credit Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	10,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	25,000,000
Term Loan Facility
Line of Credit Facility [Line Items]
Aggregate principal amount of credit facility	35,000,000
On April 01, 2021, through December 31, 2021
Line of Credit Facility [Line Items]
Amount of installments payable	438,000
On March 31, 2022 through December 31, 2022
Line of Credit Facility [Line Items]
Amount of installments payable	656,000
On and after March 31, 2023
Line of Credit Facility [Line Items]
Amount of installments payable	$ 1,313,000

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION

NOTE 13: REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION

Reportable segments

ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company's chief operating decision maker is its Chief Executive Officer ("CODM"). The Company's CODM does not regularly review asset information by segments and, therefore, the Company does not report asset information by segment.

The Company organizes its operations in two segments: Enterprise, Education and Technology and Media and Telecom. The Enterprise, Education and Technology segment represents products related to industry solutions predominantly for education customers, and media services (except for Media and Telecom customers). The Media and Telecom segment primarily represents TV solutions that are sold to media and telecom operators and mass broadcasting and entertainment.

The measurement of the reportable operating segments is based on the same accounting principles applied in these financial statements, which includes certain corporate overhead allocations.


	Three Months Ended March 31, 2024
	Enterprise, Education and Technology		Media and Telecom		Total


Revenue	$	32,440	$	12,341	$	44,781

Gross profit	$	23,556	$	5,052	$	28,608

Operating expenses					35,899
Financial expenses, net					1,497
Provision for income taxes					2,308

Net loss					$	11,096


	Three Months Ended March 31, 2023
	Enterprise, Education and Technology		Media and Telecom		Total


Revenue	$	31,330	$	11,943	$	43,273

Gross profit	$	22,789	$	4,497	$	27,286

Operating expenses					39,246
Financial income, net					(1,785)
Provision for income taxes					2,620

Net loss					$	12,795

Geographical information

See Note 3 for disaggregated revenue by geographic region

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2: BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Consolidation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting.

The consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated financial statements as of that date, but does not include all of the disclosures, including certain notes required by U.S. GAAP on an annual reporting basis. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 22, 2024.

In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements with normal recurring adjustments necessary for the fair presentation of the Company’s financial position as of March 31, 2024, and the Company’s consolidated results of operations, stockholders’ equity, and cash flows for the three months ended March 31, 2024 and 2023. The results for the three months ended March 31, 2024, are not necessarily indicative of the results to be expected for the full year ending December 31, 2024, or any other future interim or annual period.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The Company evaluates on an ongoing basis its assumptions, including those related to contingencies, income tax uncertainties, incremental borrowing rate for operating leases, fair value of financial assets and liabilities, including fair value of derivatives, fair value and useful life of intangible assets, as well as in estimates used in applying the revenue recognition policy. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Actual results could differ from those estimates.

Concentration of Credit Risks

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, marketable securities, restricted cash and trade receivables.

The majority of the Company's and its subsidiaries' cash and cash equivalents and restricted cash are invested with major banks in Israel, the United Kingdom and the United States. Such investments in the United States may be in excess of insured limits and are not insured in other jurisdictions. However, in general, these investments may be redeemed upon demand and therefore bear minimal risk.

The Company's trade receivables are geographically dispersed and derived from sales to customers mainly in the United States, Europe and Asia. Concentration of credit risk with respect to trade receivables is limited by credit limits, ongoing credit evaluation and account monitoring procedures.

Major customer data as a percentage of total revenues:

The following table sets forth customers that represented 10% or more of the Company’s total revenue in each of the periods set forth below:


	Three Months Ended March 31,
	2024		2023

Customer A (Media & Telecom)	10.62	%	10.70	%

Significant Accounting Policies and Estimates

The Company’s significant accounting policies are discussed in Note 2 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on February 22, 2024. There have been no significant changes to these policies during the three months ended March 31, 2024 except as noted below.

Recently Adopted Pronouncements

As an "emerging growth company," the Jumpstart Our Business Startups Act ("JOBS Act") allows the Company to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election.

Recent Accounting Guidance Not Yet Adopted

In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard.

In December 2023, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes - Improvements to Income Tax Disclosures” requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company is currently evaluating the impact of the adoption of this standard.

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

3 Months Ended

Mar. 31, 2024

Table Text Block [Abstract]

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

NOTE 9: CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following:


	March 31, 2024		December 31, 2023

Prepaid expenses	$	3,682	$	2,656
Government institutions	57		—
Derivative instrument	344		998
Restricted bank deposits	3,397		3,397
Other current assets	818		1,359

	$	8,298	$	8,410

Property and Equipment, net

Composition of property and equipment is as follows:


	March 31, 2024		December 31, 2023
Cost:
Computers and peripheral equipment	$	3,862	$	3,802
Office furniture and equipment	2,183		2,183
Leasehold improvements	7,286		7,267
Finance leases of computers and peripheral equipment	254		253
Internal use software	13,755		13,755

	27,340		27,260

Accumulated depreciation	(8,332)		(7,147)

Depreciated cost	$	19,008	$	20,113

Depreciation expenses for the three months ended March 31, 2024 and 2023 were $1,188 and $842, respectively.

Other assets, noncurrent


	March 31, 2024		December 31, 2023

Restricted cash	$	100	$	100
Severance pay fund	1,494		1,685
Restricted deposit	1,010		1,025
Other	275		290

	$	2,879	$	3,100

Accrued expenses and other current liabilities


	March 31, 2024		December 31, 2023

Accrued expenses	$	4,860	$	4,353
Accrued taxes	13,046		11,755
Derivative instruments	19		—
Other current liabilities	997		1,171

	$	18,922	$	17,279

SELECTED STATEMENT OF OPERATIONS DATA

3 Months Ended

Mar. 31, 2024

Selected Statement Of Operations Data [Abstract]

SELECTED STATEMENT OF OPERATIONS DATA

NOTE 16: SELECTED STATEMENTS OF OPERATIONS DATA


	Three Months Ended March 31,
	2024		2023

Financial income:

Interest income	$	818	$	538
Foreign currency translation adjustments, net	—		2,237

	818		2,775
Financial expenses:

Foreign currency translation adjustments, net	1,565		—
Bank fees	33		34
Interest expense	704		803
Other	13		153

	2,315		990

Financial expenses (income), net	$	1,497	$	(1,785)

LEASES - Narrative (Details)	Mar. 31, 2024
Leases [Abstract]
Operating lease, weighted average discount rate, percent	4.70%
Operating lease, weighted average remaining lease term	7 years 10 months 24 days

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS - Schedule of antidilutive securities excluded from computation of earnings per share (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	39,704,374	39,387,789
Outstanding stock options and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	39,704,374	39,387,789

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 5: FAIR VALUE MEASUREMENTS

In accordance with ASC 820, the Company measures its cash equivalents and marketable securities at fair value using the market approach valuation technique. Cash equivalents and marketable securities are classified within Level 1 or Level 2 because these assets are valued using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Foreign currency derivative contracts are classified within the Level 2 value hierarchy, as the valuation inputs are based on quoted prices and market observable data of similar instruments.. The following table sets forth the Company’s assets and liabilities that were measured at fair value as of March 31, 2024 and December 31, 2023 by level within the fair value hierarchy:


		Fair Value Measurements As Of
Description	Fair Value Hierarchy	March 31, 2024		December 31, 2023

Measured at fair value on a recurring basis:

Assets:
Cash equivalents:
Money market funds	Level 1	$	15,462	$	18,745

Short-term marketable securities:
Corporate bonds	Level 2	$	8,385	$	6,989
U.S. Treasury	Level 2	$	14,681	$	8,812
Commercial paper	Level 2	$	6,921	$	8,850
Agency bonds	Level 2	$	7,307	$	8,041

Long-term marketable securities:
Corporate bonds	Level 2	$	1,961	$	2,958
U.S. Treasury	Level 2	$	2,943	$	2,886
Prepaid expenses and other current assets:
Restricted bank deposits	Level 2	$	3,397	$	3,397
Options and forward contracts designated as hedging instruments	Level 2	$	344	$	998

Other assets, noncurrent:
Restricted bank deposit		$	1,010	$	1,025

Liabilities:
Derivative instruments liability included in accrued expenses and other current liabilities:
Options and forward contracts designated as hedging instruments	Level 2	$	19	$	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

REVENUES FROM CONTRACTS WITH CUSTOMERS - Schedule of disaggregated revenue by category (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 44,781	$ 43,273
Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 44,781	43,273
Percentage of revenue	100.00%
Enterprise, Education and Technology
Disaggregation of Revenue [Line Items]
Revenue	$ 32,440	31,330
Enterprise, Education and Technology \| Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 32,440	$ 31,330
Percentage of revenue	100.00%	100.00%
Media and Telecom
Disaggregation of Revenue [Line Items]
Revenue	$ 12,341	$ 11,943
Media and Telecom \| Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 12,341	$ 11,943
Percentage of revenue	100.00%	100.00%
Subscription
Disaggregation of Revenue [Line Items]
Revenue	$ 41,170	$ 40,392
Subscription \| Enterprise, Education and Technology \| Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 30,655	$ 29,874
Percentage of revenue	94.50%	95.40%
Subscription \| Media and Telecom \| Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 10,515	$ 10,518
Percentage of revenue	85.20%	88.10%
Professional services
Disaggregation of Revenue [Line Items]
Revenue	$ 3,611	$ 2,881
Professional services \| Enterprise, Education and Technology \| Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 1,785	$ 1,456
Percentage of revenue	5.50%	4.60%
Professional services \| Media and Telecom \| Revenue concentration risk \| Revenue benchmark
Disaggregation of Revenue [Line Items]
Revenue	$ 1,826	$ 1,425
Percentage of revenue	14.80%	11.90%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

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+ Details

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase Obligation, to be Paid, Remainder of Fiscal Year	$ 24,132
Purchase Obligation, to be Paid, Year One	27,334
Purchase Obligation, to be Paid, Year Two	28,557
Total purchase commitment	80,023
Other Commitment	$ 1,312

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 44,781,000	$ 43,273,000
Gross profit	28,608,000	27,286,000
Operating expenses	35,899,000	39,246,000
Financial expenses, net	1,497,000	(1,785,000)
Provision for income taxes	(2,308,000)	(2,620,000)
Net loss	11,096,000	12,795,000
Enterprise, Education and Technology
Segment Reporting Information [Line Items]
Revenue	32,440,000	31,330,000
Gross profit	23,556,000	22,789,000
Media and Telecom
Segment Reporting Information [Line Items]
Revenue	12,341,000	11,943,000
Gross profit	$ 5,052,000	$ 4,497,000

- Definition

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

+ References

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

REPORTABLE SEGMENTS AND GEOGRAPHICAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of reportable operating segments


	Three Months Ended March 31, 2024
	Enterprise, Education and Technology		Media and Telecom		Total


Revenue	$	32,440	$	12,341	$	44,781

Gross profit	$	23,556	$	5,052	$	28,608

Operating expenses					35,899
Financial expenses, net					1,497
Provision for income taxes					2,308

Net loss					$	11,096


	Three Months Ended March 31, 2023
	Enterprise, Education and Technology		Media and Telecom		Total


Revenue	$	31,330	$	11,943	$	43,273

Gross profit	$	22,789	$	4,497	$	27,286

Operating expenses					39,246
Financial income, net					(1,785)
Provision for income taxes					2,620

Net loss					$	12,795

REVENUES FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 165,224
Percentage of remaining performance obligations	57.00%
Billed Revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 54,116
Unbilled Revenues
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 111,108

REVENUES FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of disaggregated revenue by category


	Three Months Ended March 31, 2024
	Enterprise, Education and Technology				Media and Telecom
	Amount		Percentage of revenue		Amount		Percentage of revenue

Subscription	$	30,655	94.5	%	$	10,515	85.2	%
Professional services	1,785		5.5	%	1,826		14.8	%

	$	32,440	100	%	$	12,341	100	%


	Three Months Ended March 31, 2023
	Enterprise, Education and Technology				Media and Telecom
	Amount		Percentage of revenue		Amount		Percentage of revenue

Subscription	$	29,874	95.4	%	$	10,518	88.1	%
Professional services	1,456		4.6	%	1,425		11.9	%

	$	31,330	100	%	$	11,943	100	%

Schedule of disaggregated revenue by region


	Three Months Ended March 31,
	2024				2023
	Amount		Percentage of revenue		Amount		Percentage of revenue

United States (“US”)	$	23,306	52.0	%	$	23,058	53.3	%
Europe, the Middle East and Africa ("EMEA")	17,520		39.1	%	15,923		36.8	%
Other	3,955		8.9	%	4,292		9.9	%

	$	44,781	100	%	$	43,273	100	%

Schedule of costs to obtain a contract and costs to fulfill a contract


	Three Months Ended March 31,
	2024		2023

Beginning balance	$	24,210	$	26,928
Additions to deferred contract acquisition costs during the period	1,170		1,741
Amortization of deferred contract acquisition costs	(2,520)		(2,523)

Ending balance	22,860		26,146

Deferred contract acquisition costs, current	9,021		8,934
Deferred contract acquisition costs, noncurrent	13,839		17,212

Total deferred costs to obtain a contract	$	22,860	$	26,146


	Three Months Ended March 31,
	2024		2023

Beginning balance	$	3,740	$	5,522
Additions to deferred costs to fulfill a contract during the period	—		—
Amortization of deferred costs to fulfill a contract	(417)		(447)

Ending balance	3,323		5,075

Deferred fulfillment costs, current	1,405		1,751
Deferred fulfillment costs, noncurrent	1,918		3,324

Total deferred costs to fulfill a contract	$	3,323	$	5,075

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2024

Text Block [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 17: ACCUMULATED OTHER COMPREHENSIVE INCOME

The following tables summarize the changes in accumulated other comprehensive income (loss) by component, net of tax (AOCI), during the three months ended March 31, 2024 and 2023:


	Net Unrealized Losses on Available-for-Sale Securities Instruments		Net Unrealized Gains (Losses) on Derivatives Designated as Hedging Instruments		Total

Balance as of December 31, 2023	$	49	$	998	$	1,047
Other comprehensive loss before reclassifications	$	(72)	$	(7)	$	(79)
Net realized gains reclassified from accumulated other comprehensive income	$	—	$	(666)	$	(666)
Other comprehensive loss	$	(72)	$	(673)	$	(745)
Balance as of March 31, 2024	$	(23)	$	325	$	302


	Net Unrealized Gains on Available-for-Sale Securities Instruments		Net Unrealized Losses on Derivatives Designated as Hedging Instruments		Total

Balance as of December 31, 2022	$	(181)	$	(120)	$	(301)
Other comprehensive income (loss) before reclassifications	109		$	(866)	$	(757)
Net realized losses reclassified from accumulated other comprehensive income	—		$	505	$	505
Other comprehensive income (loss)	109		$	(361)	$	(252)
Balance as of March 31, 2023	$	(72)	$	(481)	$	(553)

LONG-TERM LOAN

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

LONG-TERM LOAN

NOTE 14: LONG-TERM LOAN

In January 2021, the Company refinanced all amounts outstanding under the then-existing loan agreements, terminated all outstanding commitments, and entered into a new credit agreement (the “Credit Agreement”) with an existing lender, which provides for a new senior secured term loan facility in the aggregate principal amount of $40,000 (the “Term Loan Facility”) and a new senior secured revolving credit facility in the aggregate principal amount of $10,000 (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Credit Facilities”), which subsequently and has been amended according to the Company's needs and other developments.

In May 2023, the Company entered into an amendment (the "Fourth Amendment") to the then-existing Credit Agreement to replace the London Interbank Offered Rate (“LIBOR”) with the Secured Overnight Financing Rate (“SOFR”) as the benchmark rate under the Credit Agreement. Prior to the Fourth Amendment, borrowings under the Credit Agreement would bear interest, at the Company's election, at (a) the Eurodollar Rate (as defined in the Credit Agreement as in effect prior to the Fourth Amendment) plus a margin of 3.50% or (b) Alternative Base Rate (“ABR”) (as defined in the Credit Agreement) plus a margin of 2.50%.

In December 2023, the Company entered into a new amendment to the then-existing Credit Agreement (the “Fifth Amendment”), which provides for a new term loan facility in the aggregate principal amount of $35,000, while the commitments under the Revolving Credit Facility decreased to $25,000.

Following the effectiveness of the Fifth Amendment, borrowings under the Credit Facilities are subject to interest, determined as follows: (a) SOFR loans accrue interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement) plus 0.10% per annum plus a margin of 2.50% (the Adjusted Term SOFR (as defined in the Credit Agreement) is subject to a 1.00% floor), and (b) ABR loans accrue interest at a rate per annum equal to the ABR plus a margin of 1.50% (ABR is equal to the highest of (i) the prime rate and (ii) the Federal Funds Effective Rate plus 0.50%, subject to a 2.00% floor). As of March 31, 2024, the current rate of interest under the Credit Facilities was equal to a rate per annum of 7.95%, consisting of 5.35% (the 3-month SOFR rate as of March 28, 2024), 0.10% credit spread adjustment and the margin of 2.50%.

The Term Loan Facility is payable in consecutive quarterly installments on the last day of each fiscal quarter in an amount equal to (i) $438 for installments payable on December 31, 2023 (deferred to January 9, 2024) through September 30, 2024, (ii) $656 for installments payable on December 31, 2024 through September 30, 2025, and (iii) $1,313 for installments payable on and after December 31, 2025. The remaining unpaid balance on the Term Loan Facility is due and payable on December 21, 2026, together with accrued and unpaid interest on the principal amount to be paid to, but excluding, the payment date. Amounts outstanding under the Credit Facilities may be voluntarily prepaid at any time and from time to time, in whole or in part, without premium or penalty.

Under the terms of the Credit Facilities, the Company is obligated to maintain compliance with certain financial covenants as defined therein. As of March 31, 2024, the Company met these covenants.

The aggregate principal annual maturities according to the Credit Facilities agreements are as follows:


Year Ending December 31,

2024 (Remainder)	1,531
2025	3,281
2026	29,313

	$	34,125

The carrying amounts of the loans approximate their fair value

GOODWILL AND INTANGIBLE ASSETS - Schedule of future amortization related to intangible assets other than goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 359
Finite-Lived Intangible Asset, Expected Amortization, Year One	149
Finite-Lived Intangible Asset, Expected Amortization, Year Three	52
Finite-Lived Intangible Asset, Expected Amortization, Year Four	12
Intangible assets, net	$ 572	$ 689

DERIVATIVES AND HEDGING

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING

NOTE 6: DERIVATIVES AND HEDGING

The Company enters into forward, put and call option contracts to hedge certain forecasted payroll costs denominated in NIS against exchange rate fluctuations of the U.S. dollar for a period of up to twelve months. The Company recorded the cash flows associated with these derivatives under operating activities. The Company does not use derivative instruments for trading or speculative purposes.

Notional Amount of Foreign Currency Contracts

The Company had outstanding contracts designated as hedging instruments in the aggregate notional amount of $18,215 and $15,093 as of March 31, 2024, and December 31, 2023, respectively. The fair value of the Company’s outstanding contracts amounted to an asset of $344 and $998, and a liability of $19 and $0 as of March 31, 2024 and December 31, 2023, respectively. These assets and liabilities were recorded under prepaid expenses and other current assets and accrued expenses and other current liabilities, respectively. Gain of $666 and loss of $504 were reclassified from accumulated other comprehensive income during the three months ended March 31, 2024 and 2023, respectively. Such gain and loss were reclassified from accumulated other comprehensive income when the related expenses were incurred.

Effect of Foreign Currency Contracts on the Condensed Consolidated Statements of Operations

The effect of foreign currency contracts on the condensed consolidated statements of operations during the three months ended March 31, 2024 and 2023 were as follows:


Condensed Statement of Operations Location:	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023

Cost of revenue	$	(101)	$	70
Research and development	$	(343)	$	252
Sales and marketing	$	(87)	$	58
General and administrative	$	(135)	$	96
Restructuring	$	—	$	28

Total	$	(666)	$	504

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Schedule Of Shares Of Common Stock Reserved For Future Issuance (Details) - shares	Mar. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Oustanding options (in shares)	21,358,901	22,933,058
Oustanding RSUs (in shares)	18,345,473	11,199,265
Share reserved under 2021 Plan (in shares)	41,025,517
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share reserved under 2021 Plan (in shares)	1,321,143

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

LONG-TERM LOAN - Schedule of aggregate principal annual maturities of long-term loans (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Long-Term Debt, Maturity, Remainder of Fiscal Year	$ 1,531
Long-Term Debt, Maturity, Year One	3,281
Long-Term Debt, Maturity, Year Two	29,313
Long-term loans, total	$ 34,125

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - 1 (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Number of Options
Outstanding at beginning of period (in shares)	22,933,058
Granted (in shares)	0
Exercised (in shares)	(314,671)
Forfeited (in shares)	(1,259,486)
Outstanding at end of period (in shares)	21,358,901	22,933,058
Exercisable options at end of period (in shares)	17,091,719
Weighted Average exercise price
Outstanding at beginning of period (in dollars per share)	$ 4.99
Granted (in dollars per share)	0
Exercised (in dollars per share)	0.23
Forfeited (in dollars per share)	12.40
Outstanding at end of period (in dollars per share)	4.63	$ 4.99
Exercisable options at end of period (in dollars per share)	$ 3.01
Additional Disclosures
Oustanding, weighted average remaining contractual term	5 years 10 months 13 days	6 years 3 months 14 days
Exercisable options at end of period, weighted average remaining contractual term	5 years 7 months 17 days
Oustanding at beginning of period, aggregate intrinsic value	$ 5,378
Exercised, aggregate intrinsic value	364
Oustanding at end of period, aggregate intrinsic value	1,899	$ 5,378
Exercisable options at end of period, aggregate intrinsic value	$ 1,899

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2024

Text Block [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in accumulated other comprehensive income (loss) by component, net of tax (AOCI), during the three months ended March 31, 2024 and 2023:


	Net Unrealized Losses on Available-for-Sale Securities Instruments		Net Unrealized Gains (Losses) on Derivatives Designated as Hedging Instruments		Total

Balance as of December 31, 2023	$	49	$	998	$	1,047
Other comprehensive loss before reclassifications	$	(72)	$	(7)	$	(79)
Net realized gains reclassified from accumulated other comprehensive income	$	—	$	(666)	$	(666)
Other comprehensive loss	$	(72)	$	(673)	$	(745)
Balance as of March 31, 2024	$	(23)	$	325	$	302


	Net Unrealized Gains on Available-for-Sale Securities Instruments		Net Unrealized Losses on Derivatives Designated as Hedging Instruments		Total

Balance as of December 31, 2022	$	(181)	$	(120)	$	(301)
Other comprehensive income (loss) before reclassifications	109		$	(866)	$	(757)
Net realized losses reclassified from accumulated other comprehensive income	—		$	505	$	505
Other comprehensive income (loss)	109		$	(361)	$	(252)
Balance as of March 31, 2023	$	(72)	$	(481)	$	(553)

LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Leases Cost


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023

Operating lease cost	$	684	$	761
Short-term lease cost	—		154
Variable lease cost	34		9

Total	$	718	$	924

Schedue of Supplementary Cash Flow Information Related to Operating Leases


	Three Months Ended March 31, 2024		Three Months Ended March 31, 2023

Cash paid for operating leases	$	387	$	579

Schedule of Maturities of Operating Leases


Year Ending December 31,

2024 (Remainder)	2,327
2025	3,086
2026	3,148
2027	2,715
2028	2,336
2029	2,336
2030 and thereafter	6,618
Total operating lease payments	22,566
Less: imputed interest	3,157
Total operating lease liabilities	$	19,409

GENERAL	3 Months Ended
GENERAL	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1: GENERAL Description of Business Kaltura, Inc. (together with its subsidiaries, the “Company”) was incorporated in October 2006 and commenced operations in January 2007. The Company’s business operations are allocated between two main segments, Enterprise, Education, and Technology (“EE&T”) and Media and Telecom (“M&T”). The Company has developed a platform for video creation, management, and collaboration. The Company's platform enables companies, educational institutions, and other organizations to cost-effectively launch advanced online video experiences, including for Over-the-top (“OTT”) Television, Cloud TV, web video publishing, video-based teaching, learning, and training, video-based marketing, and video-based collaboration. The Company’s core offerings consist of various Software-as-a-Service (“SaaS”) products and solutions and a Platform-as-a-Service (“PaaS”).

MARKETABLE SECURITIES

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure

NOTE 4: MARKETABLE SECURITIES

The following is a summary of available-for-sale marketable securities as of March 31, 2024 and December 31, 2023, respectively:


	March 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale – matures within one year:
Corporate bonds	$	8,384	$	3	$	(2)	$	8,385
U.S. Treasury	14,690		4		(13)		14,681
Commercial paper	6,924		—		(3)		6,921
Agency bonds	7,312		3		(8)		7,307
	37,310		10		(26)		37,294

Available-for-sale – matures after one year:
Corporate bonds	1,962		1		(2)		1,961
U.S. Treasury	2,948		1		(6)		2,943
	4,910		2		(8)		4,904

Total	$	42,220	$	12	$	(34)	$	42,198


	December 31, 2023
	Amortized cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale – matures within one year:
Corporate bonds	$	6,985	$	4	$	—	$	6,989
U.S. Treasury	8,795		17		—		8,812
Commercial paper	8,855		—		(5)		8,850
Agency bonds	8,037		9		(5)		8,041
	32,672		30		(10)		32,692

Available-for-sale – matures after one year:
Corporate bonds	2,944		14		—		2,958
U.S. Treasury	2,869		17		—		2,886
	5,813		31		—		5,844

Total	$	38,485	$	61	$	(10)	$	38,536

As of March 31, 2024 and December 31, 2023, the Company did not record an allowance for credit losses for its available-for-sale marketable debt securities and all of the gross unrealized losses of the Company's marketable securities have been in a continuous loss position for less than 12 months. There were no gains or losses from available-for-sale marketable securities that were reclassified out of accumulated other comprehensive loss during the periods presented

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common stock	Treasury Stock, Common	Additional Paid-in Capital [Member]	Accumulated other comprehensive income	Accumulated deficit
Beginning balance (in shares) at Dec. 31, 2022		134,564,429
Beginning balance at Dec. 31, 2022	$ 43,346	$ 13	$ (4,881)	$ 439,644	$ (301)	$ (391,129)
Beginning Balance (in Shares) at Dec. 31, 2022			7,685,190
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	7,291			7,291
Issuance of common stock upon exercise of stock options (in shares)		1,130,825
Issuance of common stock upon exercise of stock options, and vesting of restricted stock units	381	$ 0		381
Other comprehensive loss, net of tax	(252)				(252)
Net loss	(12,795)					(12,795)
Ending balance (in shares) at Mar. 31, 2023		135,695,254
Ending Balance (in Shares) at Mar. 31, 2023			7,685,190
Ending balance at Mar. 31, 2023	$ 37,971	$ 13	$ (4,881)	447,316	(553)	(403,924)
Beginning balance (in shares) at Dec. 31, 2023	142,588,917	142,588,917
Beginning balance at Dec. 31, 2023	$ 30,320	$ 14	$ (4,881)	471,635	1,047	(437,495)
Beginning Balance (in Shares) at Dec. 31, 2023			7,685,190
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	6,583			6,583
Issuance of common stock upon exercise of stock options (in shares)		3,757,389
Issuance of common stock upon exercise of stock options, and vesting of restricted stock units	74	$ 0		74
Other comprehensive loss, net of tax	(745)				(745)
Net loss	$ (11,096)					(11,096)
Ending balance (in shares) at Mar. 31, 2024	146,346,306	146,346,306
Ending Balance (in Shares) at Mar. 31, 2024	7,685,190		7,685,190
Ending balance at Mar. 31, 2024	$ 25,136	$ 14	$ (4,881)	$ 478,292	$ 302	$ (448,591)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Eynav Azaria [Member]
Trading Arrangements, by Individual
Name	Eynav Azaria
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	28-Feb-24
Termination Date	30-May-25
Aggregate Available	845,969
Natan Israeli [Member]
Trading Arrangements, by Individual
Name	Natan Israeli
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	11-Mar-24
Termination Date	5-Mar-25
Aggregate Available	429,732
Shay David [Member]
Trading Arrangements, by Individual
Name	Shay David
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	8-Aug-23
Rule 10b5-1 Arrangement Terminated	true
Termination Date	4-Mar-24
Aggregate Available	294,018

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

Use of Estimates

Concentration of Risks

Concentration of Credit Risks

Major customer data as a percentage of total revenues:

The following table sets forth customers that represented 10% or more of the Company’s total revenue in each of the periods set forth below:


	Three Months Ended March 31,
	2024		2023

Customer A (Media & Telecom)	10.62	%	10.70	%

Significant Accounting Policies and Estimates

Recently Adopted Accounting Pronouncements

Recently Adopted Pronouncements

New Accounting Pronouncements Issued

Recent Accounting Guidance Not Yet Adopted

GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of carrying amounts and accumulated amortization expenses of intangible assets


	March 31, 2024			December 31, 2023
	Weighted average remaining useful life (in years)	Balance		Balance
Gross carrying amount:
Technology	1.00	$	4,700	$	4,700
Customer relationship	3.00	2,419		2,419

		7,119		7,119
Accumulated amortization and impairments:
Technology		(4,282)		(4,177)
Customer relationship		(2,265)		(2,253)

		(6,547)		(6,430)

Intangible assets, net		$	572	$	689

Schedule of future amortization related to intangible assets other than goodwill


	March 31,

2024 (Remainder)	359
2025	149
2026	52
2027	12

	$	572

LONG-TERM LOAN (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of aggregate principal annual maturities of long-term loans


Year Ending December 31,

2024 (Remainder)	1,531
2025	3,281
2026	29,313

	$	34,125

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ 11,096	$ 12,795
Other comprehensive income (loss), net of tax:
Net unrealized losses on cash flow hedges	(673)	(361)
Marketable Security, Unrealized Gain (Loss)	(72)	109
Other comprehensive losses	(745)	(252)
Comprehensive loss	$ 11,841	$ 13,047

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value


		Fair Value Measurements As Of
Description	Fair Value Hierarchy	March 31, 2024		December 31, 2023

Measured at fair value on a recurring basis:

Assets:
Cash equivalents:
Money market funds	Level 1	$	15,462	$	18,745

Short-term marketable securities:
Corporate bonds	Level 2	$	8,385	$	6,989
U.S. Treasury	Level 2	$	14,681	$	8,812
Commercial paper	Level 2	$	6,921	$	8,850
Agency bonds	Level 2	$	7,307	$	8,041

Long-term marketable securities:
Corporate bonds	Level 2	$	1,961	$	2,958
U.S. Treasury	Level 2	$	2,943	$	2,886
Prepaid expenses and other current assets:
Restricted bank deposits	Level 2	$	3,397	$	3,397
Options and forward contracts designated as hedging instruments	Level 2	$	344	$	998

Other assets, noncurrent:
Restricted bank deposit		$	1,010	$	1,025

Liabilities:
Derivative instruments liability included in accrued expenses and other current liabilities:
Options and forward contracts designated as hedging instruments	Level 2	$	19	$	—

GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

NOTE 10: GOODWILL AND INTANGIBLE ASSETS

There was no goodwill activity during the periods presented.

The carrying amounts and accumulated amortization expenses of the intangible assets, as of March 31, 2024 and December 31, 2023, were as follows:


	March 31, 2024			December 31, 2023
	Weighted average remaining useful life (in years)	Balance		Balance
Gross carrying amount:
Technology	1.00	$	4,700	$	4,700
Customer relationship	3.00	2,419		2,419

		7,119		7,119
Accumulated amortization and impairments:
Technology		(4,282)		(4,177)
Customer relationship		(2,265)		(2,253)

		(6,547)		(6,430)

Intangible assets, net		$	572	$	689

During the three months ended March 31, 2024, and 2023, the Company recorded amortization expenses in the amount of $117 and $167, respectively, included in cost of revenue and sales and marketing expenses in the statements of operations.

The estimated future amortization expense of intangible assets as of March 31, 2024, is as follows:


	March 31,

2024 (Remainder)	359
2025	149
2026	52
2027	12

	$	572

GOODWILL AND INTANGIBLE ASSETS - Schedule of carrying amounts and accumulated amortization expenses of intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount:	$ 7,119	$ 7,119
Accumulated amortization and impairments:	(6,547)	(6,430)
Intangible assets, net	$ 572	689
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	1 year
Gross carrying amount:	$ 4,700	4,700
Accumulated amortization and impairments:	$ (4,282)	(4,177)
Customer relationship
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	3 years
Gross carrying amount:	$ 2,419	2,419
Accumulated amortization and impairments:	$ (2,265)	$ (2,253)

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS - Schedule of Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Table Text Block [Abstract]
Accrued expenses	$ 4,860	$ 4,353
Accrued taxes	13,046	11,755
Derivative Liability, Current	19	0
Other current liabilities	997	1,171
Accrued expenses and other current liabilities	$ 18,922	$ 17,279

SELECTED STATEMENT OF OPERATIONS DATA (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financial income:
Interest income	$ 818	$ 538
Foreign currency translation adjustments, net	0	2,237
Financial income	818	2,775
Foreign Currency Transaction Loss, before Tax	1,565	0
Financial expenses:
Bank fees	33	34
Interest expense	704	803
Other	13	153
Financial expenses	2,315	990
Financial expenses (income), net	$ 1,497	$ (1,785)

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Schedule of share-based compensation expense by line item (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	$ 6,529	$ 7,159
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	285	264
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	1,172	1,145
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	770	772
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total expenses	$ 4,302	$ 4,978

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of revenue by major customers by reporting segments (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Customer A (Media & Telecom) \| Customer concentration risk \| Revenue benchmark
Revenue, Major Customer [Line Items]
Percentage of revenue	10.62%	10.70%

REVENUES FROM CONTRACTS WITH CUSTOMERS

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUES FROM CONTRACTS WITH CUSTOMERS

NOTE 3: REVENUES FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

The following tables present disaggregated revenue by category:


	Three Months Ended March 31, 2024
	Enterprise, Education and Technology				Media and Telecom
	Amount		Percentage of revenue		Amount		Percentage of revenue

Subscription	$	30,655	94.5	%	$	10,515	85.2	%
Professional services	1,785		5.5	%	1,826		14.8	%

	$	32,440	100	%	$	12,341	100	%


	Three Months Ended March 31, 2023
	Enterprise, Education and Technology				Media and Telecom
	Amount		Percentage of revenue		Amount		Percentage of revenue

Subscription	$	29,874	95.4	%	$	10,518	88.1	%
Professional services	1,456		4.6	%	1,425		11.9	%

	$	31,330	100	%	$	11,943	100	%

The following table summarizes revenue by region based on the billing address of customers:


	Three Months Ended March 31,
	2024				2023
	Amount		Percentage of revenue		Amount		Percentage of revenue

United States (“US”)	$	23,306	52.0	%	$	23,058	53.3	%
Europe, the Middle East and Africa ("EMEA")	17,520		39.1	%	15,923		36.8	%
Other	3,955		8.9	%	4,292		9.9	%

	$	44,781	100	%	$	43,273	100	%

Remaining Performance Obligations

Remaining performance obligations represent the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and contracted amounts that will be invoiced and recognized as revenue in future periods. As of March 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $165,224, which consists of both billed consideration in the amount of $54,116 and unbilled consideration in the amount of $111,108 that the Company expects to recognize as revenue but that was not yet recognized on the balance sheet. The Company expects to recognize 57% of its remaining performance obligations as revenue over the next 12 months and the remainder thereafter.

Costs to Obtain a Contract

The following table represents a roll forward of costs to obtain a contract:


	Three Months Ended March 31,
	2024		2023

Beginning balance	$	24,210	$	26,928
Additions to deferred contract acquisition costs during the period	1,170		1,741
Amortization of deferred contract acquisition costs	(2,520)		(2,523)

Ending balance	22,860		26,146

Deferred contract acquisition costs, current	9,021		8,934
Deferred contract acquisition costs, noncurrent	13,839		17,212

Total deferred costs to obtain a contract	$	22,860	$	26,146

Costs to Fulfill a Contract

The following table represents a roll forward of costs to fulfill a contract:


	Three Months Ended March 31,
	2024		2023

Beginning balance	$	3,740	$	5,522
Additions to deferred costs to fulfill a contract during the period	—		—
Amortization of deferred costs to fulfill a contract	(417)		(447)

Ending balance	3,323		5,075

Deferred fulfillment costs, current	1,405		1,751
Deferred fulfillment costs, noncurrent	1,918		3,324

Total deferred costs to fulfill a contract	$	3,323	$	5,075

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ (11,096)	$ (12,795)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-40644
Entity Registrant Name	Kaltura, Inc.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	860 Broadway
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
City Area Code	646
Local Phone Number	290-5445
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		146,911,185
Entity Central Index Key	0001432133
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Address, Postal Zip Code	10003
Entity Tax Identification Number	20-8128326
Title of 12(b) Security	Common stock
Trading Symbol	KLTR
Security Exchange Name	NASDAQ

FAIR VALUE MEASUREMENTS - Schedule of assets and liabilities measured at fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Restricted Assets, Noncurrent	$ 1,010	$ 1,025
Level 1 \| Fair value, recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	15,462	18,745
Level 2 \| Fair value, recurring \| Corporate Bond Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Current	8,385	6,989
Debt Securities, Available-for-Sale, Noncurrent	1,961
Level 2 \| Fair value, recurring \| US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Current	14,681	8,812
Debt Securities, Available-for-Sale, Noncurrent	2,943	2,886
Level 2 \| Fair value, recurring \| Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Current	6,921	8,850
Level 2 \| Fair value, recurring \| Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Current	7,307	8,041
Debt Securities, Available-for-Sale, Noncurrent		2,958
Level 2 \| Fair value, recurring \| Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Restricted Assets, Current	3,397	3,397
Other Restricted Assets, Noncurrent	1,010	1,025
Level 2 \| Fair value, recurring \| Designated as hedging instrument \| Options and forward contracts designated as hedging instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contracts, Liability, Fair Value Disclosure	344	998
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ 19	$ 0

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
RSUs Outstanding
Unvested and outstanding, beginning balance (in shares) \| shares	11,199,265
RSUs granted (in shares) \| shares	11,067,000
RSUs vested (in shares) \| shares	(3,442,718)
RSUs forfeited (in shares) \| shares	(478,074)
Unvested and outstanding, ending balance (in shares) \| shares	18,345,473
Weighted Average Grant Date Fair Value per Share
Unvested and outstanding, beginning balance (in dollars per share) \| $ / shares	$ 2.24
RSU granted (in dollars per share) \| $ / shares	1.51
RSU vested (in dollars per share) \| $ / shares	2.13
RSU forfeited (in dollars per share) \| $ / shares	2.22
Unvested and outstanding, ending balance (in dollars per share) \| $ / shares	$ 1.82

DERIVATIVES AND HEDGING - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, notional amount	$ 18,215		$ 15,093
Other comprehensive income (loss), cash flow hedge, gain (loss) reclassification	(666)	$ 504
Derivative instrument	344		998
Derivative Liability, Current	$ 19		$ 0

LEASES - Schedue of Supplementary Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Cash paid for operating leases	$ 387	$ 579

Investments, Debt and Equity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	$ 37,310	$ 32,672
Available-for-sale - maturities within one year, Gross unrealized gains	10	30
Available-for-sale - matures within one year, Gross unrealized losses	(26)	(10)
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	37,294	32,692
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	4,904	5,844
Available-for-sale - matures after one year, Gross unrealized losses	(8)	0
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	4,910	5,813
Available-for-sale - matures after one year, Gross unrealized gains	2	31
Debt Securities, Available-for-Sale	42,198	38,536
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(34)	(10)
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	12	61
Debt Securities, Available-for-Sale, Amortized Cost	42,220	38,485
Corporate Bond Securities
Debt Securities, Available-for-Sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	8,384	6,985
Available-for-sale - maturities within one year, Gross unrealized gains	3	4
Available-for-sale - matures within one year, Gross unrealized losses	(2)	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	8,385	6,989
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	1,961	2,958
Available-for-sale - matures after one year, Gross unrealized losses	(2)	0
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	1,962	2,944
Available-for-sale - matures after one year, Gross unrealized gains	1	14
US Treasury Securities
Debt Securities, Available-for-Sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	14,690	8,795
Available-for-sale - maturities within one year, Gross unrealized gains	4	17
Available-for-sale - matures within one year, Gross unrealized losses	(13)	0
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	14,681	8,812
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five		2,886
Available-for-sale - matures after one year, Gross unrealized losses		0
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five		2,869
Available-for-sale - matures after one year, Gross unrealized gains		17
Commercial Paper
Debt Securities, Available-for-Sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	6,924	8,855
Available-for-sale - maturities within one year, Gross unrealized gains	0	0
Available-for-sale - matures within one year, Gross unrealized losses	(3)	(5)
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	6,921	8,850
Agency Securities
Debt Securities, Available-for-Sale [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One	7,312	8,037
Available-for-sale - maturities within one year, Gross unrealized gains	3	9
Available-for-sale - matures within one year, Gross unrealized losses	(8)	(5)
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	7,307	$ 8,041
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	2,943
Available-for-sale - matures after one year, Gross unrealized losses	(6)
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	2,948
Available-for-sale - matures after one year, Gross unrealized gains	$ 1

STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2024	Mar. 31, 2024
Equity [Abstract]
Number of additional shares authorized (in shares)	7,129,446
Cost not yet recognized, amount		$ 35,927

REVENUES FROM CONTRACTS WITH CUSTOMERS - Schedule of disaggregated revenue by region (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 44,781	$ 43,273
Revenue concentration risk \| Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 44,781	43,273
Percentage of revenue	100.00%
United States (“US”) \| Revenue concentration risk \| Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 23,306	$ 23,058
Percentage of revenue	52.00%	53.30%
Europe, the Middle East and Africa ("EMEA") \| Revenue concentration risk \| Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 17,520	$ 15,923
Percentage of revenue	39.10%	36.80%
Other \| Revenue concentration risk \| Revenue benchmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 3,955	$ 4,292
Percentage of revenue	8.90%	9.90%

- Definition

+ References

+ Details

CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS (Tables)

3 Months Ended

Mar. 31, 2024

Table Text Block [Abstract]

Schedule of Prepaid Expenses and Other Current Assets


	March 31, 2024		December 31, 2023

Prepaid expenses	$	3,682	$	2,656
Government institutions	57		—
Derivative instrument	344		998
Restricted bank deposits	3,397		3,397
Other current assets	818		1,359

	$	8,298	$	8,410

Schedule of Composition of Property and Equipment

Composition of property and equipment is as follows:


	March 31, 2024		December 31, 2023
Cost:
Computers and peripheral equipment	$	3,862	$	3,802
Office furniture and equipment	2,183		2,183
Leasehold improvements	7,286		7,267
Finance leases of computers and peripheral equipment	254		253
Internal use software	13,755		13,755

	27,340		27,260

Accumulated depreciation	(8,332)		(7,147)

Depreciated cost	$	19,008	$	20,113

Schedule of Other Assets, Noncurrent


	March 31, 2024		December 31, 2023

Restricted cash	$	100	$	100
Severance pay fund	1,494		1,685
Restricted deposit	1,010		1,025
Other	275		290

	$	2,879	$	3,100

Schedule of Accrued Liabilities


	March 31, 2024		December 31, 2023

Accrued expenses	$	4,860	$	4,353
Accrued taxes	13,046		11,755
Derivative instruments	19		—
Other current liabilities	997		1,171

	$	18,922	$	17,279

DERIVATIVES AND HEDGING - Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (666)	$ 504
Cost of revenue
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (101)	70
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total cost of revenue
Research and development
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (343)	252
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Research and development
Sales and marketing
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (87)	58
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Sales and marketing
General and administrative
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (135)	96
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	General and administrative
Restructuring
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ 28
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring Costs

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 31,565	$ 36,684
Marketable Securities, Current	37,294	32,692
Trade receivables	17,837	23,312
Prepaid expenses and other current assets	8,298	8,410
Deferred contract acquisition and fulfillment costs, current	10,426	10,636
Total current assets	105,420	111,734
LONG-TERM ASSETS:
Marketable Securities, Noncurrent	4,904	5,844
Property and equipment, net	19,008	20,113
Other assets, noncurrent	2,879	3,100
Deferred contract acquisition and fulfillment costs, noncurrent	15,757	17,314
Operating lease right-of-use assets	13,468	13,872
Intangible assets, net	572	689
Goodwill	11,070	11,070
Total noncurrent assets	67,658	72,002
TOTAL ASSETS	173,078	183,736
CURRENT LIABILITIES:
Current portion of long-term loans	2,066	1,612
Trade payables	8,069	3,629
Employees and payroll accruals	11,552	12,651
Accrued expenses and other current liabilities	18,922	17,279
Operating lease liabilities	2,413	2,374
Deferred revenue, current	53,913	62,364
Total current liabilities	96,935	99,909
LONG-TERM LIABILITIES:
Deferred revenue, noncurrent	203	369
Long-term loans, net of current portion	31,741	33,047
Operating lease liabilities, noncurrent	16,996	17,796
Other liabilities, noncurrent	2,067	2,295
Total long-term liabilities	51,007	53,507
TOTAL LIABILITIES	147,942	153,416
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value per share, 20,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 0 shares issued and outstanding as of March 31, 2024, and December 31, 2023	0	0
Common stock $0.0001 par value per share, 1,000,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 154,031,496 and 150,274,107 shares issued as of March 31, 2024 and December 31, 2023, respectively; 146,346,306 and 142,588,917 outstanding as of March 31, 2024 and December 31, 2023, respectively	14	14
Treasury stock – 7,685,190 shares of common stock, $0.0001 par value per share, as of March 31, 2024 and December 31, 2023	(4,881)	(4,881)
Additional paid-in capital	478,292	471,635
Accumulated other comprehensive income	302	1,047
Accumulated deficit	(448,591)	(437,495)
Total stockholders' equity	25,136	30,320
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 173,078	$ 183,736