Resultados finales
27 de marzo de 2024
Barlovento Ltd.
("Barlovento", "la Compañía")
Resultados finales
Strong financial results and record customer wins alongside further market-leading innovation
Barlovento (LON: WNWD), the leading Maritime AI company, is pleased to announce audited results for the year ended 31 December 2023.
Aspectos financieros más destacados
· | Valor Anual del Contrato (ACV1) hasta un 35 % hasta 34.5 millones de dólares (2022: 25.5 millones de dólares) |
· | Commercial ACV growth of 58% (2022: 42%), representing 30% of total ACV (31 December 2022: 26%) |
· | Ingresos arriba 31% to $28.3m (2022: $21.6m) |
· | Gross margin increased 700 basis points to 79% (2022: 72%) |
· | R&D investment to support future growth of $11.1m (2022: 12.3 millones de dólares) |
· | 59% de reducción en Pérdida de EBITDA a $(5)m (2022: ($12.1m)), with H2 EBITDA loss of $(1.2)m (2022 $(6.7)m |
· | Cash and cash equivalents of $17.3m as at 31 December 2023 (31 December 2022: $22.1m) |
Aspectos operacionales destacados
· | Continued expansion of our blue-chip, global customer base, driven by underlying market demand and the diversification of our offering | |
o | Strong growth in customers to over 200 a 31 de diciembre de 2023 (31 de diciembre de 2022: 132) | |
o | Good levels of renewals and wins in Government segment, including significant increase in ROW Government customers | |
o | Progress in expanding our supply chain customer base, supporting strong ACV growth in the commercial sector in line with our stated strategy | |
o | Partnerships signed to further expand market reach, including a partnership with the London Stock Exchange Group |
· | Continued innovation of our offering to provide customers with the most advanced maritime AI | |
o | New product launches include additional ETA insights and Reasons for Delay API strengthening our supply chain solution in response to changing global events |
· | Perspectiva segura | |
o | Strong trading momentum has continued in the new year | |
o | Confident in achieving results for FY24 in line with market expectations |
(1) ACV, a una fecha determinada, es el total del valor de cada contrato dividido por el número total de años del contrato.
(2) EBITDA son las ganancias antes de intereses, impuestos, depreciación y amortización
Ami Daniel, director ejecutivo y cofundador de Windward, dijo:
"I am pleased to have impulsados another year of significant progress for Windward in line with our stated strategy, delivering record levels of ACV and revenue, including substantial growth in our commercial segment.
Global trade faces an array of evolving challenges across security, sanctions, and supply chains. In the face of these ongoing pressures, we have further cemented our position across the industry as a trusted partner to governments and businesses of all sizes to help them meet their ambitions.
Looking ahead, we are excited to scale the business further and meet the growing need for the digitisation of the maritime market. We are supported in these ambitions by our global and committed team of maritime experts, a strong cash position, enabling continued investment into our solutions and people, and high levels of recurring revenue."
Para obtener más información, póngase en contacto:
Barlovento | Vía Alma |
Irit Singer, director de marketing | |
Canaccord Genuity (Asesor designado y Broker) | +44(0)20 7523 8000 |
Puentes Simon / Andrew Potts | |
Alma Comunicaciones Estratégicas | +44(0)20 3405 0205 |
Caroline Forde / Kieran Breheny |
Sobre Barlovento
Barlovento (LSE:WNWD), ¿es la IA marítima líder? empresa, que proporciona una plataforma todo en uno para acelerar el comercio global. La plataforma de gestión de excepciones y soporte de decisiones impulsada por IA de Windward ofrece una vista de 360° del ecosistema marítimo y permite a las partes interesadas tomar decisiones predictivas impulsadas por inteligencia en tiempo real para lograr la preparación comercial y operativa.
Maritime AI de Windward apoya a empresas de todos los sectores. Los clientes de la compañía van desde grandes petroleras, transitarios y autoridades portuarias hasta bancos, transportistas, aseguradoras y organizaciones gubernamentales.
Para más información visite: https://windward.ai/.
Declaración del presidente
General
This was a year in which Windward has become firmly established on the world stage, enabling efficiencies and supporting compliance across global trade, through its data and AI capabilities.
For a range of maritime participants, including governments, agencies, freight forwarders, traders and energy firms, Windward's AI platform represents a vital tool to address their needs in an unpredictable and ever-changing business environment. Windward is a trusted partner to these organisations, becoming an integral element of their day-to-day decision making, providing considerable scope for future growth as the Company's platform evolves.
Increasing complexity of Global trade
The regulatory and sanctions landscape continues to place increasing pressure on organisations to ensure visibility of who they are dealing with and where the goods they are trading have come from. Key events such as the EU's 11th and 12th sanctions packages, a fourth round of US sanctions and, more recently, the UK's General Trade Licence sanctions against Russian vessels reflect the wide-reaching and enduring nature of these complexities within global trade.
At the same time, freight forwarders and their customers demand the highest levels of visibility across their supply chain, which has only been compounded by the wider macro-economic and geopolitical environment, as evidenced by issues observed in 2023 such as drought in the Panama Canal or attacks in the Red Sea, which can significantly affect routes and estimated times of arrival.
The ever-shifting maritime environment extends also to Governments, as they look to secure their borders and secure themselves against threats. We were delighted to see strong growth in ROW Government ACV in the year, growing 34%, and no churn in Government customers in 2023.
Amid this complex web of security concerns, regulation and sanctions, cost, time and logistical pressures, Windward's proposition has emerged as a key solution to ensure optimal performance for both commercial and government actors.
Strong company performance
It has been a record year for Windward, with significant double-digit revenue growth and a considerable acceleration in its path to profitability, through disciplined cost control.
Windward has delivered ACV growth of 35% for 2023 to $34.5m, providing a solid basis for further expansion into the new year. This growth underscores the relevance and value of our proposition, particularly as businesses increasingly rely on our solutions to navigate complex operational landscapes.
Revenue increased 31% to $28.3m (2022: $21.6m), with a significantly decreased EBITDA loss of $5m (2022: $12.1m; H22023: -$1.2m) as a result of steps taken to streamline operations and control costs, which provides a clear pathway to achieving positive EBITDA. The Company remains well capitalised with net cash of $17.3m at 31 December 2023.
A particular highlight has been the growth in customer numbers to over 200, up from 132 at 31 December 2022. This milestone reflects the diversification of the customer base and offering, with a particular success in growing Windward's presence among the commercial sector through its supply chain solution.
Personas y cultura
Our continued success is driven by the hard work and talent across our teams. Underpinning this is a strong culture of innovation and entrepreneurship which binds our teams together in our vision.
In a year in which many of our colleagues have faced significant challenges, particularly from October, our people have maintained a focus on delivery. I would like to extend my deep gratitude for the hard work of our teams and their continued excellence during this time.
Panorama positivo
For an increasing number of organisations, embracing technology is now an imperative to ensure maximum compliance and efficiency in their operations. Windward's expertise in maritime AI is over a decade in the making, and remains second-to-none, placing us at the forefront of this growing opportunity.
I'm extremely proud of the progress achieved to date, but as an organisation we recognise there remains an untapped opportunity ahead to further transform all spheres of the maritime industry.
Finally, I would like to extend my gratitude to our shareholders, customers, and employees for their continued support. Together, we have achieved significant steps forward for the business, and the Board remains confident in the continued progress of Windward in the years ahead.
Edmund John Phillip Browne, The Lord Browne of Madingley
Presidente no ejecutivo
Declaración del director ejecutivo
I am delighted to report on another year of significant progress for Windward. We have executed against our stated strategy, delivering record results and new customer wins alongside further market-leading innovation across our service lines. We have deepened our relationship with customers through product enhancements and updates in response to the ever-changing global environment, strengthening our position as trusted partner in global trade.
Importantly, we advanced our plan for reducing costs to see the business through more quickly to cash generation, with total operating expenses reduced to $30.5m from $31.0m.We increased efficiencies and focus throughout the business, while delivering strong top line growth, as evidenced by ACV growth of 35% in the year to $34.5m and reduced EBITDA loss (-$1.2m) and cash burn in H2 to ($0.3m).
We have maintained our investment into new solutions and product offerings, and the success of our supply chain offering can be seen in the growth in the proportion of ACV derived from the Commercial sector, now growing to 30% of total ACV (2022: 26%), with a growth of 58% in commercial ACV in 2023. We have learnt much about the requirements of our supply chain customers in the year and see potential for further product development in 2024, to increase the competitive differentiation and addressable market.
We saw a good level of renewals and wins across our Government segment, including a significant increase of ROW customers and no churn. Looking ahead, we anticipate this segment will provide a steady cash generative base allowing us to continue to make investment into the Commercial segment.
With many of the world's largest participants in global trade as customers and partners, providing a significant endorsement of the power of our maritime AI insights, a growing base of high margin, recurring revenue, and a committed and driven team, we have a fantastic basis on which to build in 2024. This is supported by our strong net cash balance of $17.3m, positioning us well to invest across our people and product as we scale.
General
Global shipping continues to confront multiple challenges, with all maritime actors needing to adapt to the shifting operational and regulatory landscape while effectively servicing global trade, whether this be achieving the optimal routes for cargo transport, ensuring compliance with the raft of regulations and sanctions in place, or securing territories against bad actors.
Windward has firmly established itself at a critical juncture within the maritime industry. Across the areas of security, supply chain and sanction compliance, our customers see us as a trusted and essential technology partner for their day-to-day activities, using the data, insights and analytics built from our vast network of data and AI tools to provide them with greater visibility and help them make the right decisions for their respective goals.
Our global team of maritime experts have their fingers on the pulse for all matters related to maritime risk, and as more and more government departments and businesses turn to our solution, we remain ready to react swiftly to the changing trade, sanctions and security environments.
Performance against FY23 ambitions
We started the year with a set of key aims to further grow our presence across all areas of maritime and uphold our competitive edge. These were to expand our commercial customer base, with a focus on capturing enterprise-level customers in the Commercial segment, build our supply chain business, while maintaining our strong presence with US Government and ROW Government customers.
We achieved a landmark of over 200 customers, representing the increasing recognition of the significant benefits technology plays in supporting the everyday maritime operations. However, this is only a fraction of the huge available market for us to target. Whilst we are delighted with the number of new customers, in no way did this affect the diligence with which we look after our existing customers. This is reflected in our strong rate of renewals.
Growing our supply chain business and capturing enterprise customers
In line with our stated ambitions for the year, we are seeing the further adoption of our Ocean Freight Visibility solution (OFV).
Following OFV's launch in 2022, we reacted to our learnings around the offering and the needs of the end market. Through this, we have identified that the sophistication of the solution means it is most appropriate for the largest freight forwarders, who require the deep insights and data points provided by OFV. These learnings have enabled us to tailor the solution to better meet the needs of freight forwarders, utilising the data sources we already have available to make insights available to customers within the platform, not only from port to port, but also warehouse to warehouse. Through this narrowed focus, we have been able to grow customer numbers and average deal size.
The feedback from this solution to date has been exceptional, and we were delighted to receive recognition of the superiority of our offering through the receipt for the award of The Supply Chain Innovation Award - Technology at the 2023 Supply Chain Excellence awards. Customers signed using OFV include Scan Global Logistics and Nowports.
Our direct sales have been complemented by key partnerships established during the year, including our significant partnership with the London Stock Exchange Group ("LSEG"). These partnerships, which embed Windward's capabilities into third party platforms, extend the reach of our services to new users. This is part of our strategy to expand our channel partnership as presented at the time of our IPO.
Post-period, in February 2024, we were pleased to announce an extension to our LSEG partnership through the integration of select LSEG's World-Check services into our platform. This extension provides our customers with comprehensive compliance and risk management solutions beyond the maritime domain, reinforcing our capability to enable businesses to manage the complexities of global trade risk.
Investing in our product
Our 14+ years of investment into AI and machine learning technologies and unrivalled datasets sets us apart from our peers and presents a significant barrier to entry for new entrants to the maritime space. Yet, as we broaden our offering, and as the maritime space encounters new challenges, we continue to focus on adapting and enhancing our product to deliver an unbeatable set of market-leading products.
In view of the changing trade flows and increased risks prompted by geopolitical and environmental dynamics, we launched two key enhancements in H1, additional ETA insights and Reasons for Delay API, to broaden and deepen the actionable insights and analytics for our customers.
Responding to recent events in the Red Sea region, in December, we also launched our Route Deviation Exception for stakeholders in view of the continually shifting situation in the region. This rapid responsiveness and deployment reflects the robustness of our platform and technology and its ability to swiftly adapt to clients' changing needs, whatever the circumstances.
We also launched an advanced Business Intelligence solution to enable the vast array of shipping stakeholders to elevate their tracking of shipments and gain an AI-driven commercial and strategic edge. Post-period, we enhanced this solution through the addition of 'Sequence Search', a first-of-its-kind capability that allows users to conduct advanced analysis of vessels' behavioural typologies and trade movements by searching for sequences of activities. This enhancement is now being offered to both existing and new customers as a new value package.
In keeping with our longstanding investment into AI, we are currently testing the deployment of generative AI across our platform, with the intention of formally launching this enhancement in 2024. This mirrors the pace of our customers' progress which many of them are busy deploying generative AI across their businesses. According to McKinsey, 94% of businesses will invest more in 2024 in AI based technology solutions vs. 2023.
These innovations ensure the highest levels of visibility and support for our existing customers and help to expand our reach to new customers and market segments.
We have continued to expand and strengthen our sales teams, the vast majority of which are based outside of Israel, giving us close access to new enterprise and government customers across the world.
For our teams in Israel, it has been a challenging time, however they have continued to deliver for our customers. The hard work and continued dedication to performance, day in and day out, has been exceptional, and I would like to thank our staff in Israel and across the world for their vital contribution to our success.
Cost management to optimise our profitability
A key focus for management through the year has been further optimising our efficiency and managing costs in the business to enhance our pathway to profitability. As set out last year, we are on track to reach EBITDA break-even run rate exiting FY24.
Áreas de enfoque clave para 2024
Our key focus areas for the current financial year are to:
1. | Continue to grow our commercial presence, capturing the significant opportunities across security, sanctions and compliance, and supply chain pressures |
2. | Expand our range of partnerships to increase our revenue opportunities and routes to market while deepening relationships with existing partners |
3. | Expand our customer base in the US Government market and deepen our reach into the Defense space, aiming to sign multi year contracts. |
4. | Retain existing business in the RoW government and achieve modest growth in this segment. |
5. | Further investment into our product roadmap to deliver AI solutions that deliver tangible benefit for our customers |
Perspectivas y comercio actual
The positive momentum of 2023 has continued into 2024. This underscores the resilience and effectiveness of our solutions and positioning for profitability in the near term.
In December I relocated to London with my family in a move which positions me closer to many of our key customers and investors. To date, London has represented a great environment for the business for accessing shareholders and customers, and I look forward to the benefits of increased interaction with our customers and wider stakeholders over the coming year.
As we continue to help our customers navigate the intricate nature of maritime trade across regulatory requirements, logistics, and achieving cost efficiencies, our R&D teams are continuing to innovate in line with the shifting environment. We also plan to invest further into our sales and marketing functions to accelerate our growing presence in our markets.
Looking ahead to 2024 and beyond, we are excited about the opportunities that lie ahead, driven by the industry-wide expectation for greater actionable insights and visibility and our own continued innovation to keep up with these long-term trends. Whilst it is early in the year, we are confident in achieving results for FY24 in line with market expectations.
We feel we have only scratched the surface with respect to the massive global opportunity across maritime trade, and I look forward to updating shareholders on our progress throughout the year.
amigo daniel
Cofundador y CEO
Financial Review,en
La gerencia y el Directorio de Windward revisan regularmente las métricas, incluidos los siguientes KPI, para evaluar su desempeño, identificar tendencias, desarrollar proyecciones financieras y tomar decisiones estratégicas. Para una revisión de las métricas financieras clave, consulte a continuación.
UN IMPULSOR CLAVE DE LOS INGRESOS FUTUROS ES EL VALOR ANUAL DEL CONTRATO (ACV)
El ACV es una medida no NIIF definida como la suma de todo el ACV de los clientes a la fecha de medición. El ACV de cada cliente es el valor de suscripción anual comprometido de cada pedido reservado por el cual Windward tendrá derecho a reconocer ingresos. Por ejemplo, un contrato por 1 millón de dólares con un plazo contractual comprometido de dos años tendría un ACV de 0.5 millones de dólares, asumiendo que para cualquier período el cliente renueva bajo los mismos términos y condiciones.
As at 31 December 2023, Windward increased its ACV by 35% over 31 December 2022, driven primarily by the increase in customers from 132 to 201 over the same period, and to a lesser extent by an increase in upsells to existing customers made possible by expansion of the number of users or the product set. Growth in ACV has been in all segments of our markets.
INDICADORES CLAVE DE DESEMPEÑO ("KPIS") ($ EN MILES)
LCA | 2023 ($'000) | 2022 ($'000) | % cambio |
Gobierno de fila | 15,936 | 11,533 | 38.2% |
Gobernador de EE. UU. | 8,135 | 7,381 | 10.2% |
Comercial | 10,457 | 6,622 | 57.9% |
Total | 34,528 | 25,536 | 35.2% |
Ingresos |
|
|
|
Gobierno de fila | 12,472 | 9,986 | 24.9% |
Gobernador de EE. UU. | 7,355 | 6,041 | 21.8% |
Comercial | 8,500 | 5,616 | 51.4% |
Total | 28,327 | 21,643 | 30.9% |
Numero de clientes | Contar | Contar |
|
Gobierno de fila | 29 | 20 | 45.0% |
Gobernador de EE. UU. | 16 | 15 | 6.7% |
Comercial | 156 | 97 | 60.8% |
Total | 201 | 132 | 52.3% |
Separamos a nuestros clientes gubernamentales en dos segmentos de mercado: Gobierno fuera de EE. UU. (ROW) y Gobierno de EE. UU. Hacemos esto porque el ciclo de compra y los precios de cada segmento son diferentes. Para el ROW gubernamental, en la mayoría de los casos Windward responde a un proceso de Solicitud de Propuesta ("RFP") que puede tardar entre 9 y 18 meses en concluir. Para el gobierno de EE. UU., Windward normalmente vende una solución basada en suscripción a un precio por usuario. Históricamente, la mayoría de las adjudicaciones anuales de las agencias gubernamentales de EE. UU. están vinculadas al ciclo presupuestario federal de EE. UU., que normalmente concluye anualmente a finales de septiembre.
At the end of December 2023 our largest customer was at 8.3% (December 2022: 10.9%) of ACV and the next 5 biggest customers together were 20.4% (December 2022: 26.9%) of ACV.
La tasa anual de cancelación de ACV se define como el valor de los contratos perdidos de la base de clientes existente un año antes de la fecha de medición, como una proporción del valor ACV total de esa base de clientes existente. La tasa de abandono refleja las pérdidas y contracciones de clientes, pero no las expansiones de clientes de los contratos existentes.
Churn in 2023 was 7.5% compared to 19.5% in 2022 when we had 32% churn in Gov ROW. We target churn to be below 10%.
RESUMEN FINANCIERO al 31 de diciembre:
2023 ($'000) | 2022 ($'000) | Cambiar% | |
Ingresos | 28,327 | 21,643 | 30.9% |
Costo de ingresos | 5,825 | 6,146 | - 5.2% |
Beneficio bruto | 22,502 | 15,497 | 45.2% |
Margen bruto | 79% | 72% | |
I + D | 11,132 | 12,306 | - 9.5% |
S&M | 13,650 | 13,173 | 3.6% |
GEORGIA | 5,697 | 5,528 | 3.0% |
| |||
Gastos totales de operación | 30,479 | 31,007 | - 1.7% |
Pérdida operativa | (7,977) | (15,510) | - 48.6% |
| |||
Pérdida de EBITDA | (5,024) | (12,112) | - 58.5% |
INGRESOS
Revenue increased by 30.9% to $28.3m ( 2022: $21.6m). This increase was driven by 24.9% growth in Gov ROW, 21.8% growth in our USA Government and 51.4% in Commercial segments mostly from the additional 70 new customers adopting our solution for the first time.
Margen bruto
Gross margin increased to 79% in 2023 (72% in 2022), mostly as a result of increase in revenue and cost saving actions taken earlier in the year. We expect margins to improve to be above 80% over time.
I + D
Research and development decreased from $12.3m in 2022 to $11.1m in 2023 mainly due to lower number of employees and other cost control. All R&D costs are expensed as they occur, we do not capitalise R&D costs.
S&M
Sales and marketing increased slightly from $13.2m in 2022 to $13.6m in 2023. The main reason for the increase was hiring additional sales managers in Europe and USA
GEORGIA
General and administrative expenses increased slightly from $5.5m in 2022 to $5.7m in 2023 reflecting the increased level of business activity, mainly additional office space.
Impuestos
The Company paid $146 thousands income tax in its subsidiaries.
EFECTO MONEDA
Approximately 60% of the annual operating expenses are incurred in New Israeli Shekels (NIS). While most of the revenue is invoiced in USD and consequently, the Company reports in USD. The average exchange rate between NIS and $ increased by 10% in 2023 versus 2022.
Comparable
Definimos EBITDA como ganancia antes de depreciación, amortización, intereses, impuestos y cargos por pagos basados en acciones y cargos impositivos asociados al empleador.
Estado de situación financiera
EFECTIVO Y EQUIVALENTES DE EFECTIVO
Windward had cash, cash equivalents and short term deposits on 31 December 2023 of $17.3m, (70% held in USD), a decrease of $4.8m from 31 December 2022.
FLUJO DE EFECTIVO
Windward used $3.3m to finance operating activities in 2023, a 76% decrease from the $13.8m used in 2022. The decrease was mainly the result of reduced operating losses and increase in deferred revenue of $3.1m.
Oferta Segev
Director Financiero
Barlovento Ltd.
ESTADOS CONSOLIDADOS DE INGRESOS INTEGRALES
Año terminado el 31 de diciembre | ||||
Note | 2023 |
| 2022 | |
| Dólares estadounidenses en miles (excepto datos compartidos y por acción) | |||
| ||||
INGRESOS | 13 | 28,327 | 21,643 | |
COSTO DE INGRESOS | 14 | 5,825 | 6,146 | |
BENEFICIO BRUTO |
| 22,502 | 15,497 | |
LOS GASTOS DE EXPLOTACIÓN: |
| |||
Investigación y desarrollo, neto | 14 | 11,132 | 12,306 | |
Ventas y marketing | 14 | 13,650 | 13,173 | |
General y administración | 14 | 5,697 | 5,528 | |
GASTOS TOTALES DE OPERACIÓN |
| 30,479 | 31,007 | |
PÉRDIDA OPERATIVA |
| (7,977) | (15,510) | |
FINANCIAL EXPENSES (INCOME) |
| |||
Gastos financieros | 14 | 1,316 | 3,937 | |
Ingresos financieros | 14 | (448) | (248) | |
PÉRDIDA DEL AÑO |
| (8,845) | (19,199) | |
|
| |||
Gastos Tributarios | 146 | - | ||
NET LOSS FOR THE YEAR | (8,991) | (19,199) | ||
Pérdida por acción atribuible a los accionistas ordinarios de la Compañía: |
| |||
Pérdida por acción básica y diluida | 17 | (0.10) | (0.22) |
Las notas adjuntas son parte integral de los estados financieros.
Barlovento Ltd.
ESTADOS CONSOLIDADOS DE POSICIÓN FINANCIERA
Diciembre 31 | |||||
| Note |
| 2023 |
| 2022 |
| Dólares estadounidenses en miles | ||||
Activos |
| ||||
ACTIVOS CIRCULANTES: |
| ||||
Efectivo y equivalentes de efectivo | 4 | 17,317 | 22,141 | ||
Cuentas por cobrar comerciales | 5 | 2,502 | 2,448 | ||
Otros ingresos | 5 | 4,254 | 2,861 | ||
TOTAL DE ACTIVOS CORRIENTES |
| 24,073 | 27,450 | ||
ACTIVOS NO CORRIENTES: |
| ||||
Depósito restringido | 12 | 1,558 | 1,143 | ||
Inmuebles y equipo, neto | 6 | 646 | 796 | ||
Activo intangible | 2j | 495 | - | ||
Activo de derecho de uso | 7 | 1,619 | 1,956 | ||
TOTAL DEL ACTIVO NO CORRIENTE | 4,318 | 3,895 | |||
LOS ACTIVOS TOTALES |
| 28,391 | 31,345 | ||
|
| ||||
Pasivos y patrimonio de los accionistas |
| ||||
PASIVO CIRCULANTE: |
| ||||
Trato pagable | 969 | 878 | |||
Vencimientos corrientes de los pasivos por arrendamiento | 7 | 330 | 320 | ||
Otros pagaderos | 8a | 4,364 | 3,637 | ||
Ingresos diferidos | 13 | 12,734 | 8,315 | ||
TOTAL PASIVOS CORRIENTES |
| 18,397 | 13,150 | ||
PASIVOS NO CORRIENTES: | |||||
Pasivo por derechos de los empleados al jubilarse, neto | 55 | 57 | |||
Ingresos diferidos | 2,791 | 4,078 | |||
Responsabilidad por arrendamiento | 7 | 1,392 | 1,725 | ||
TOTAL PASIVO NO CORRIENTE |
| 4,238 | 5,860 | ||
RESPONSABILIDAD TOTAL |
| 22,635 | 19,010 | ||
|
| ||||
COMPROMISOS | 12 | ||||
ACCIONISTAS: |
| ||||
Ordinary Shares (See note 9) | 9 | - | 27 | ||
Capital pagado adicional | 9,10 | 83,297 | 80,858 | ||
Déficit acumulado | (77,541) | (68,550) | |||
EQUIDAD TOTAL DE LOS ACCIONISTAS |
| 5,756 | 12,335 | ||
RESPONSABILIDAD TOTAL Y PATRIMONIO NETO |
| 28,391 | 31,345 |
|
|
amigo daniel | Oferta Segev |
Director Ejecutivo | Director Financiero |
Fecha de aprobación de los estados financieros consolidados por el Consejo de Administración de la Sociedad: Marzo 25, 2024.
Las notas adjuntas son parte integral de los estados financieros.
Barlovento Ltd.
ESTADOS CONSOLIDADOS DE CAMBIOS EN EL PATRIMONIO CONTABLE
Acciones ordinarias |
| Adicionales |
| Acumulado |
| Total | ||
| Dólares estadounidenses en miles | |||||||
SALDO AL 31 DE DICIEMBRE DE 2021 | 27 |
| 77,486 |
| (49,351) |
| 28,162 | |
| ||||||||
CAMBIOS DURANTE 2022: |
| |||||||
Ejercicio de opciones por parte de los empleados | (*) | 536 | - | 536 | ||||
Compensación basada en acciones | - | 2,836 | - | 2,836 | ||||
Pérdida del año | - | - | (19,199) | (19,199) | ||||
SALDO AL 31 DE DICIEMBRE DE 2022 | 27 |
| 80,858 |
| (68,550) |
| 12,335 | |
| ||||||||
CAMBIOS DURANTE 2023: |
| |||||||
Exercise of options and RSUs by employees | (*) | 118 | - | 118 | ||||
Compensación basada en acciones | - | 2,294 | - | 2,294 | ||||
Change in the shares nominal value | (27) | 27 | - | |||||
Pérdida del año | - | (8,991) | (8,991) | |||||
SALDO AL 31 DE DICIEMBRE DE 2023 | - |
| 83,297 |
| (77,541) |
| 5,756 |
* Representa un monto inferior a 1 mil dólares americanos
Las notas adjuntas son parte integral de los estados financieros.
Windward Ltd.
ESTADOS CONSOLIDADOS DE FLUJOS DE EFECTIVO
Año terminado el 31 de diciembre de | |||
| 2023 |
| 2022 |
| Dólares estadounidenses en miles | ||
FLUJOS DE EFECTIVO POR ACTIVIDADES OPERACIONALES: |
| ||
Pérdida del año | (8,991) |
| (19,199) |
Adjustments to reconcile loss for the year to net cash used in | |||
actividades de explotación: | |||
Depreciación | 659 | 562 | |
Gastos de compensación basados en acciones | 2,294 | 2,836 | |
Efecto del tipo de cambio | 123 | 3,127 | |
Gastos financieros de pasivos por arrendamiento | 122 | 79 | |
Cambios en partidas de activos y pasivos: | |||
Aumento de las cuentas por cobrar comerciales | (53) | (802) | |
Aumento de otras cuentas por cobrar | (1,393) | (1,430). | |
Aumento de las cuentas por pagar comerciales | 91 | 385 | |
aumente (disminución) in other payables and accruals | 727 | (681) | |
Aumento de ingresos diferidos | 3,132 | 531 | |
Decrease in accrued severance pay, net | (2) | (7) | |
Efectivo neto utilizado en actividades operativas | (3,291) |
| (14, 599) |
|
|
|
|
FLUJOS DE EFECTIVO DE ACTIVIDADES DE INVERSIÓN: |
| ||
Compra de propiedad y equipo | (112) | (182) | |
Inversiones en activos intangibles | (495) | - | |
(Increase) decrease in restricted deposit | (401) | 17 | |
Interés recibido | 448 |
| - |
Efectivo neto utilizado en actividades de inversión | (560) |
| (165) |
|
|
|
|
FLUJOS DE EFECTIVO DE ACTIVIDADES DE FINANCIACIÓN: |
| ||
Producto del ejercicio de opciones | 118 | 536 | |
Funds received (paid) in respect of the sale of shares by | |||
shareholders and consultants in connection with the Initial | |||
Oferta Pública | - | (3,730) | |
Elementos principales de los pagos por arrendamiento | (313) | (411) | |
Pago interesado | (194) | (71) | |
Efectivo neto utilizado en actividades de financiación. | (389) |
| (3,676) |
|
|
|
|
DECREASE IN CASH AND CASH |
|
| |
EQUIVALENTES | (4,240) | (18, 440) | |
SALDO DE EFECTIVO Y EQUIVALENTES AL EFECTIVO |
|
| |
PRINCIPIO DE AÑO | 22,141 |
| 43,688 |
EFFECTS OF EXCHANGE RATE CHANGES ON CASH |
|
| |
Y EQUIVALENTES EN EFECTIVO | (584) |
| (3,107) |
SALDO DE EFECTIVO Y EQUIVALENTES AL EFECTIVO |
|
|
|
FIN DE AÑO | 17,317 |
| 22,141 |
Las notas adjuntas son parte integral de los estados financieros.
Windward Ltd.
NOTAS A LOS ESTADOS FINANCIEROS CONSOLIDADOS
NOTA 1 - GENERALIDADES
a. Windward Ltd. (the "Company" or and its subsidiaries the "Group") was incorporated in Israel and commenced its operations in January 2010. The registered office of the Company is Ha-Shlosha St 2, Tel Aviv-Yafo, Israel. Windward is a leading maritime AI company, providing an all-in-one platform for risk management and maritime domain awareness needs. The Company has established two wholly owned subsidiaries in the United Kingdom and one in the United States, that provide sales and marketing services to the Company.
b. On December 6, 2021, the Company completed a process of listing its existing shares and issuing new shares on the AIM market of the London Stock Exchange (the IPO).
c. In October 2023, in response to Hamas' attack on Israel from the Gaza Strip, Israel declared war on Hamas. Despite the ongoing war, the Company has continued to operate its business and serve its customers around the world and, to date, its ability to support customers has not been materially impacted. At this time, less than 10% of the Company's Israeli workforce have been called to military reserve duty and the Company has contingencies in place to cover impacted roles and responsibilities.
The situation in the region remains highly uncertain and there is the possibility that the conflict could worsen or expand which could, in turn, further impact economic conditions in Israel and in the broader region. At of this report, it is difficult to assess the impact the war may have on the Company's results of operations. Any further escalation, expansion, or prolonged continuation of the ongoing conflict has the potential to impact the Company's operations locally as well as the broader global economy and may have a material effect on the Company's results of operations.
d. Since the establishment of the company, the company has accumulated continuous losses from its business activities, and it had negative cash flows. As of December 31, 2023, the company had cash and cash equivalents in the amount of approximately $17.3 million. The continuation of the company's activity in the coming year is supported by its cash balances as well as the realization of the management's plans for growth and an increase in the revenues. These funding sources allow the company's management to assess its continued activity for a period of more than 12 months starting from the date of approval of these financial statements.
NOTA 2 - POLÍTICAS CONTABLES SIGNIFICATIVAS
a. Bases de presentación de los estados financieros consolidados
La información financiera histórica consolidada presenta el historial financiero del Grupo por los dos años terminados el 31 de diciembre de 2023 y ha sido preparada de acuerdo con las Normas Internacionales de Información Financiera (NIIF) y las interpretaciones emitidas por el Comité de Interpretaciones de las NIIF (NIIF IC) aplicables a empresas que reportan bajo NIIF. Los estados financieros cumplen con las NIIF emitidas por el Consejo de Normas Internacionales de Contabilidad (IASB).
Las políticas contables importantes que se describen a continuación se han aplicado de manera consistente en relación con todos los períodos sobre los que se informa, a menos que se indique lo contrario.
In determining and applying accounting policies, the management are required to make judgements and estimates in respect of items where the choice of specific policy, accounting judgement, estimate or assumption to be followed could materially affect the Group 's reported financial position, results or cash flows and disclosure of contingent assets or liabilities during the reporting period; it may later be determined that a different choice may have been more appropriate. The Group 's critical accounting judgements and key sources of estimation uncertainty are detailed in note 3. Actual outcomes could differ from those estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period; they are recognized in the period of the revision and future periods if the revision affects both current and future periods.
b. Funcional y presentación moneda
Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates is U.S. dollar ("$" or "dollar"). The consolidated financial statements are presented in in U.S. dollar ("$" or "dollar") currency units, which is the Company and its subsidiaries functional currency and the group presentation currency.
Transacciones y saldos
Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates, are generally recognized in profit or loss. All other foreign exchange gains and losses are presented in the statement of profit or loss on a net basis within financial expenses/income.
Las partidas no monetarias que se miden en términos de costo histórico en moneda extranjera no se reconvierten.
C. Principios de consolidación
Inter-Company transactions, balances and unrealized gains on transactions between Group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.
d. Efectivo y equivalentes de efectivo
Se consideran inversiones de alta liquidez, que incluyen depósitos bancarios a corto plazo, que no están restringidos en cuanto a retiro o uso, y obligaciones a corto plazo, cuyo plazo de vencimiento no exceda de tres meses en el momento de la inversión. equivalentes de efectivo. El efectivo y equivalentes de efectivo excluyen el efectivo restringido.
mi. Depósito restringido
Los depósitos restringidos consisten en depósitos en efectivo para arrendamiento de oficinas, garantía de tarjeta de crédito y garantías requeridas según un acuerdo con el cliente. Estos depósitos sirven como garantía para las garantías bancarias.
f. Revenue recognition
The Company derives its revenue from subscription fees from customers accessing the Company's enterprise cloud computing services (Software as a Service). The Company's agreements do not provide customers with the right to take possession of the software supporting the applications and, as a result, are accounted for as service contracts.
Revenue from rendering of services is recognized over time, during the period the customer simultaneously receives and consumes the benefits provided by the Company's performance. The Company charges its customers based on payment terms agreed upon in specific agreements. When payments are made before or after the service is performed, the Company recognizes the resulting contract asset or liability.
Transacciones con financiación:
The Company has elected to apply the practical expedient allowed by IFRS 15 according to which the Company does not separate the financing component in transactions for which the period of financing is one year or less and recognizes revenue in the amount of the consideration stated in the contract even if the customer pays for the goods or services before or subsequent to their receipt.
In order to obtain certain contracts with customers, the Company incurs incremental costs in obtaining the contract (such as sales commissions which are contingent on making binding sales). Costs incurred in obtaining the contract with the customer which would not have been incurred if the contract had not been obtained and which the Company expects to recover are recognized as an asset and amortized on a systematic basis that is consistent with the provision of the services under the specific contract.
Revenues are primarily recognized ratably as the service is provided to the customer and consist of fees paid for secured network connectivity services.
g. Employee benefit liabilities
1. Beneficios a los empleados a corto plazo:
Liabilities for wages and salaries, including non-monetary benefits, annual leave and accumulating sick leave that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognized in respect of employees' services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.
2. Beneficios post-empleo:
The group operates defined benefit plans and defined contribution plans.
For defined contribution plans, the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Group has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.
Israeli labor law generally requires payment of severance pay upon dismissal of an employee or upon terminación of employment in certain other circumstances. Company's pension and severance pay liability to certain employees is covered mainly by purchase of insurance policies. Pursuant to section 14 of the Severance Compensation Act, 1963 ("section 14"), some of the Company's employees are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, made in their name with insurance companies. Payments in accordance with section 14 relieve the Company from any future severance payments in respect of those employees and as such the Company may only utilize the insurance policies for the purpose of disbursement of severance pay.
h. Share based compensation
Los empleados de la Compañía tienen derecho a una remuneración en forma de transacciones con pagos basados en acciones liquidadas con instrumentos de patrimonio.
El coste de las transacciones liquidadas con instrumentos de patrimonio con los empleados se valora por el valor razonable de los instrumentos de patrimonio concedidos en la fecha de concesión. El valor razonable se determina utilizando un modelo de valoración de opciones aceptable.
As for other service providers, the cost of the transactions is measured at the fair value of the goods or services received as consideration for equity instruments granted. The cost of equity-settled transactions is recognized in profit or loss together with a corresponding increase in equity during the period which the performance and/or service conditions are to be satisfied ending on the date on which the relevant employees become entitled to the award ("the vesting period"). The cumulative expense recognized for equity-settled transactions at the end of each reporting period until the vesting date reflects the extent to which the vesting period has expired and the Group's best estimate of the number of equity instruments that will ultimately vest.
No se reconoce ningún gasto por adjudicaciones que finalmente no se otorgan, a excepción de las adjudicaciones donde la adjudicación está condicionada a una condición de mercado, que se tratan como adjudicables independientemente de si se cumple la condición de mercado, siempre que todas las demás condiciones de adjudicación (servicio y/o desempeño ) estan satisfechos.
i. Income taxes
Deferred tax assets are recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses.
j. Research and development costs
Costs associated with maintaining software programmers are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognized as intangible assets where the following criteria are met:
· Es técnicamente factible completar el software para que esté disponible para su uso.
· La dirección tiene la intención de completar el software y utilizarlo o venderlo.
· existe la posibilidad de utilizar o vender el software.
· se puede demostrar cómo el software generará probables resultados económicos futuros.
beneficios.
· recursos técnicos, financieros y de otro tipo adecuados para completar el desarrollo y
usar o vender el software están disponibles, y
· Los gastos atribuibles al software durante su desarrollo pueden ser fiables.
medido.
When an internally developed intangible asset cannot be recognized, the development costs are recognized as an expense in profit or loss as incurred. Development costs previously recognized as an expense are not recognized as an asset in a subsequent period.
In 2023, the company started a project to create a vessel ownership database. This will be used for providing its services to customers as part of the company platform. The company recorded the development costs of this database as an intangible asset. The Company expects to recognize income from this intangible asset in the future.
k. Leases
Los activos y pasivos que surgen de un arrendamiento se miden inicialmente sobre la base del valor presente. Los pasivos por arrendamiento incluyen el valor actual neto de los siguientes pagos por arrendamiento:
· fixed payments (including in-substance fixed payments),
· pago de arrendamiento variable que se basa en un índice o una tasa, medido inicialmente utilizando el índice o tasa en la fecha de inicio
Los pagos de arrendamiento a realizarse bajo ciertas opciones de extensión razonablemente determinadas también se incluyen en la medición del pasivo.
The lease payments are discounted using the lessee's incremental borrowing rate, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.
El Grupo está expuesto a posibles aumentos futuros en los pagos de arrendamiento variables basados en un índice o tasa, que no se incluyen en el pasivo por arrendamiento hasta que entren en vigencia. Cuando entran en vigencia los ajustes a los pagos de arrendamiento basados en un índice o tasa, el pasivo por arrendamiento se reevalúa y se ajusta contra el activo por derecho de uso.
Los pagos de arrendamiento se distribuyen entre el principal y el costo financiero. El costo financiero se carga a resultados durante el período de arrendamiento de manera que se produzca una tasa de interés periódica constante sobre el saldo restante del pasivo para cada período. La Compañía no ha optado por aplicar el recurso práctico de la Norma y separar los componentes de arrendamiento de los componentes que no son de arrendamiento.
Los activos por derecho de uso se miden al costo y comprenden lo siguiente:
· el monto de la medición inicial del pasivo por arrendamiento
Los activos por derecho de uso generalmente se deprecian a lo largo de la vida útil del activo y el plazo de arrendamiento, el más corto, de forma lineal. Si el Grupo está razonablemente seguro de ejercer una opción de compra, el activo por derecho de uso se deprecia durante la vida útil del activo subyacente.
l. Financial instruments
1. Activos financieros:
Los activos financieros se miden en el momento del reconocimiento inicial a su valor razonable (excepto las cuentas comerciales por cobrar) más los costos de transacción que son directamente atribuibles a la adquisición de los activos financieros, excepto los activos financieros medidos a su valor razonable con cambios en resultados respecto de los cuales se registran los costos de transacción. en ganancias o pérdidas.
Trade receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components they are subsequently measured at amortized cost using the effective interest method, less expected credit loss allowance.
2. Deterioro de valor de activos financieros:
La Compañía evalúa al final de cada período sobre el que se informa la provisión para pérdidas por instrumentos financieros de deuda que no se miden a valor razonable con cambios en resultados.
The Company has short-term financial assets in respect of which the Company applies a simplified approach and measures the loss allowance in an amount equal to the lifetime expected credit losses.
An impairment loss on debt instruments measured at amortized cost is recognized in profit or loss with a corresponding loss allowance that is offset from the carrying amount of the financial asset.
3. Hedging:
During the year 2023, the company entered into forward contracts for cash flow hedging of salary expenses denominated in NIS in the amount of approximately NIS 24 million ($6.9 million) between the months May to October 2023. The company recorded the forward contract influence of approximately $560 thousands as a finance expenses. No hedge accounting was applied for these forward contracts.
4. Pasivos financieros:
a) Financial liabilities measured at amortized cost:
Los pasivos financieros se reconocen inicialmente al valor razonable menos los costos de transacción que son directamente atribuibles a la emisión del pasivo financiero.
Después del reconocimiento inicial, la Compañía mide todos los pasivos financieros al costo amortizado utilizando el método de la tasa de interés efectiva.
5. Baja en cuentas de pasivos financieros:
A financial liability is derecognized only when it is extinguished, that is when the obligation specified in the contract is discharged or canceled or expires. A financial liability is extinguished when the debtor discharges the liability by paying in cash, other financial assets, goods or services; or is legally released from the liability.
m. Fair value measurement
El valor razonable es el precio que se recibiría por vender un activo o que se pagaría por transferir un pasivo en una transacción ordenada entre participantes del mercado en la fecha de medición.
La medición del valor razonable se basa en el supuesto de que la transacción tendrá lugar en el mercado principal del activo o del pasivo, o en ausencia de un mercado principal, en el mercado más ventajoso.
El valor razonable de un activo o pasivo se mide utilizando los supuestos que los participantes del mercado usarían al fijar el precio del activo o pasivo, asumiendo que los participantes del mercado actúan en su mejor interés económico.
La medición del valor razonable de un activo no financiero tiene en cuenta la capacidad de un participante del mercado para generar beneficios económicos utilizando el activo en su mayor y mejor uso o vendiéndolo a otro participante del mercado que usaría el activo en su mayor y mejor uso.
El Grupo utiliza técnicas de valoración que son apropiadas en las circunstancias y para las cuales se dispone de datos suficientes para medir el valor razonable, maximizando el uso de datos de entrada observables relevantes y minimizando el uso de datos de entrada no observables.
Todos los activos y pasivos medidos al valor razonable o para los cuales se revela el valor razonable se clasifican en niveles dentro de la jerarquía del valor razonable en función del nivel de entrada más bajo que sea significativo para toda la medición del valor razonable:
Nivel A1 | - | precios cotizados (no ajustados) en mercados activos para activos o pasivos idénticos. |
Nivel A2 | - | insumos distintos de los precios cotizados incluidos dentro del Nivel 1 que sean observables directa o indirectamente. |
Nivel A3 | - | insumos que no se basan en datos de mercado observables (técnicas de valoración que utilizan insumos que no se basan en datos de mercado observables). |
n. Loss per share
(i) Pérdida básica por acción
La pérdida básica por acción se calcula dividiendo:
· la pérdida atribuible a los propietarios de la Compañía, excluyendo cualquier costo de servicio del capital distinto de las acciones ordinarias.
· por el número medio ponderado de acciones ordinarias en circulación durante el ejercicio.
(ii) Ganancia por acción diluida
La ganancia por acción diluida ajusta las cifras utilizadas en la determinación de la ganancia por acción básica para tener en cuenta:
· el efecto después de impuestos sobre la renta de los intereses y otros costos financieros asociados con acciones ordinarias potenciales dilutivas, y
· el número medio ponderado de acciones ordinarias adicionales que habrían estado en circulación suponiendo la conversión de todas las acciones ordinarias potenciales dilusivas.
o. Segment reporting
Los segmentos operativos se informan de manera consistente con los informes internos proporcionados al principal tomador de decisiones operativas, quien es responsable de asignar recursos y evaluar el desempeño de los segmentos operativos. El Grupo opera en un segmento operativo.
p. New International Financial Reporting Standards, Amendments to Standards and New
Interpretaciones
1. New International Financial Reporting Standards, Amendments to Standards and New interpretations that have been adopted:
a. Amendment to International Accounting Standard 1 Presentation of financial statements, regarding disclosure of accounting policies (below in this section - the amendment to IAS 1)
The amendment to IAS 1 requires companies to disclose material information about their accounting policies. According to the amendment, information about the accounting policies is material if, when taken into account together with other information provided in the financial statements, it can reasonably be expected that it will influence decisions that the primary users of the financial statements make on the basis of these financial statements.
The amendment to IAS 1 even clarifies that information about the accounting policy is expected to be material if, without it, the users of the financial statements are prevented from understanding other material information in the financial statements. In addition, the amendment to IAS 1 clarifies that there is no need to disclose immaterial information about accounting policies. However, to the extent that such information is given, it must be ensured that it does not mask material information about accounting policies.
In accordance with the provisions of the amendment to IAS 1, the amendment was implemented by the Company within these consolidated reports, starting on January 1, 2023, and it led to the reduction and focus of the information provided regarding its accounting policy in relation to previous reports.
In addition, within these consolidated reports, the Company updated the information regarding the accounting policy.
b. Amendment to International Accounting Standard 8 Accounting Policy, Changes in Accounting Estimates and Errors, regarding the definition of accounting estimates (hereinafter - the amendment to IAS 8)
The amendment to IAS 8 clarifies how entities should distinguish between changes in accounting policies and changes in accounting estimates. This distinction is essential, since changes in accounting estimates are applied prospectively, for transactions and other events in the future, while that changes in accounting policy, as a rule, are applied retrospectively to transactions and other events in the past, as well as to events and transactions in the current period.
In accordance with the provisions of the amendment to IAS 8, the amendment will be implemented by the Company as of January 1, 2023, prospectively. The adoption of the amendment to IAS 8 did not have a material impact on the Company's consolidated statements.
2. New International Financial Reporting Standards, Amendments to Standards and New interpretations not yet adopted: | ||||||
| ||||||
a. Amendments to International Accounting Standard 1 Presentation of financial statements, on the subject of classifying liabilities as current or non-current liabilities and on the subject of non-current liabilities with financial standards (below in this section - the amendments to IAS 1)
| ||||||
The amendments to IAS 1 clarify the guidelines regarding the classification of liabilities as current or non-current in the statement of financial position. The amendments clarify, among other things, that:
| ||||||
· A liability will be classified as a non-current liability if the entity has a substantial right, at the end of the reporting period, to postpone the settlement of the liability for at least 12 months after the end of the reporting period.
| ||||||
· The right to postpone settlement of an obligation in respect of a loan agreement for at least 12 months after the end of the reporting period is sometimes subject to the entity's compliance with the conditions stipulated in the loan agreement (hereinafter - financial standards). The classification of an obligation in respect of such a loan agreement as a current obligation or as a non-current obligation will be determined only on the basis of the financial standards which the entity is required to meet on or before the end of the reporting period. Financial benchmarks that the entity is required to meet after the end of the reporting period will not be taken into account in this determination.
| ||||||
· To the extent that an obligation in respect of a loan agreement for which the entity is required to meet financial standards during the 12 months after the end of the reporting period is classified as a non-current obligation, a disclosure will be made in the notes that allows users of the financial statements to understand the risk that the obligation may meet repayment during the 12 months after the end of the reporting period. In this rule, a disclosure will be made regarding the nature of the conditions the entity is required to meet, the date of their examination, the book value of the related liabilities as well as facts and circumstances indicating that the entity may have difficulty meeting these conditions. This disclosure may refer to certain actions taken by the entity in order to prevent a potential violation of the terms as well as the fact that the entity is not complying with the terms based on the circumstances existing at the end of the reporting period.
| ||||||
· The entity's intention regarding the exercise of an existing right to postpone the settlement of the obligation for at least 12 months after the end of the reporting period is not relevant for the purpose of classifying the obligation.
| ||||||
· Settlement of an obligation can be done by way of transfer of cash, other economic resources or capital instruments of the entity. Classification of an obligation as a current obligation or as a non-current obligation will not be affected by the existing right of the other party to demand the settlement of the obligation by transferring capital instruments of the entity, if this right has been classified by the entity as part of the capital.
| ||||||
The amendments to IAS 1 will be applied by the Company retrospectively for annual periods beginning on or after January 1, 2024. The adoption of the amendments to IAS 1 is not expected to have a material impact on the Company's consolidated statements. |
NOTA 3 - JUICIOS, ESTIMACIONES Y SUPUESTOS CONTABLES SIGNIFICATIVOS UTILIZADOS EN LA ELABORACIÓN DE LOS ESTADOS FINANCIEROS:
In the process of applying the significant accounting policies, the Group has made the following judgments which have the most significant effect on the amounts recognized in the financial statements:
a) Juicios:
- Costos de desarrollo:
In 2023, the company started a project to create a vessel ownership database. This will be used for providing its services to customers as part of the company platform/
The company recorded the development costs of this database as an intangible asset. The Company expects to recognize income from this intangible asset in the future.
- Activos por impuestos diferidos:
Deferred tax assets are recognized for unused carryforward tax losses and deductible temporary differences to the extent that it is probable that taxable profit will be available against which the losses can be utilized. Significant management judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the timing and level of future taxable profits, its source and the tax planning strategy. The Company didn't recognize deferred tax assets in all the reporting periods.
b) Estimaciones y suposiciones:
La preparación de los estados financieros requiere que la administración realice estimaciones y suposiciones que tienen un efecto sobre la aplicación de las políticas contables y sobre los montos informados de activos, pasivos, ingresos y gastos. Los cambios en las estimaciones contables se informan en el período del cambio en la estimación.
Los supuestos clave hechos en los estados financieros con respecto a las incertidumbres en la fecha de presentación de informes y las estimaciones críticas calculadas por el Grupo que pueden resultar en un ajuste material a los valores en libros de los activos y pasivos dentro del próximo año financiero se analizan a continuación.
- Determinación del valor razonable de las transacciones con pagos basados en acciones:
El valor razonable de las transacciones con pagos basados en acciones se determina en el momento del reconocimiento inicial mediante un modelo de valoración de opciones aceptable. Las entradas al modelo incluyen el precio de las acciones, el precio de ejercicio y los supuestos relacionados con la volatilidad esperada, la vida esperada de la opción sobre acciones y el rendimiento esperado de los dividendos.
NOTA 4 - EFECTIVO Y EQUIVALENTE AL EFECTIVO:
| Diciembre 31 | ||
|
| 2023 | 2022 |
| Dólares estadounidenses en miles | ||
Efectivo para retiro inmediato -ILS | 2,860 | 1,354 | |
Efectivo para retiro inmediato - DÓLAR ESTADOUNIDENSE | 12,080 | 17,132 | |
Efectivo para retiro inmediato - EUR | 1,201 | 947 | |
Efectivo para retiro inmediato - GBP | 1,176 | 2,706 | |
Efectivo para retiro inmediato - OTRO | - | 2 | |
17,317 | 22,141 | ||
NOTA 5 - CUENTAS COMERCIALES Y OTRAS CUENTAS POR COBRAR:
a) Cuentas por cobrar comerciales, neto
Diciembre 31 | |||
| 2023 | 2022 | |
Dólares estadounidenses en miles | |||
Cuentas por cobrar comerciales de contratos con clientes | 2,502 | 2,448 | |
2,502 | 2,448 | ||
a. A cada fecha de presentación la mayoría de las cuentas por cobrar comerciales aún no han alcanzado su fecha de vencimiento.
b. The majority of the trade receivables were repaid after the reporting date.
c. As of December 31, 2023, the trade receivable balance includes an allowance for expected credit losses in the amounts of $283 thousands.
b) Otros ingresos
Diciembre 31 | ||
2023 | 2022 | |
Dólares estadounidenses en miles | ||
Instituciones | 304 | 128 |
Gastos pagados por anticipado | 2,057 | 2, 330 |
Unbilled receivable | 1,619 | 365 |
Otro | 274 | 38 |
4,254 | 2, 861 |
NOTA 6 - PROPIEDAD Y EQUIPAMIENTO:
Al 31 de diciembre de 2022:
Diciembre 31 |
| |||
Ordenadores | Mejoras arrendatarias | Muebles y equipo de oficina |
Total | |
dólares estadounidenses en miles |
| |||
Costo: | ||||
Saldo al 1 de enero de 2022 | 708 | 1,272 | 202 | 2,182 |
Compras | 120 | 30 | 32 | 182 |
Saldo al 31 de diciembre de 2022 | 828 | 1,302 | 234 | 2,364 |
Menos - depreciación acumulada | ||||
Saldo al 1 de enero de 2022 | (580) | (710) | (90) | (1,380) |
Depreciación | (44) | (130) | (14) | (188) |
Saldo al 31 de diciembre de 2022 | (624) | (840) | (104) | (1,568) |
Costo depreciado al 31 de diciembre de 2022 | 204 | 462 | 130 | 796 |
Al 31 de diciembre de 2023:
Diciembre 31 |
| |||
Ordenadores | Mejoras arrendatarias | Muebles y equipo de oficina |
Total | |
dólares estadounidenses en miles |
| |||
Costo: | ||||
Saldo al 1 de enero de 2023 | 828 | 1,302 | 234 | 2,364 |
Compras | 74 | 20 | 17 | 111 |
Saldo al 31 de diciembre de 2023 | 902 | 1,322 | 251 | 2,475 |
Menos - depreciación acumulada | ||||
Saldo al 1 de enero de 2023 | (624) | (840) | (104) | (1,568) |
Depreciación | (111) | (133) | (17) | (261) |
Saldo al 31 de diciembre de 2023 | (735) | (973) | (121) | (1,829) |
Costo depreciado al 31 de diciembre de 2023 | 167 | 349 | 130 | 646 |
NOTA 7 - ARRENDAMIENTOS:
1. La Compañía ha celebrado un contrato de arrendamiento de oficinas para su sede en Tel Aviv.
According to the lease agreement, from January 1, 2016, which is valid until December 31, 2022, for an area of approximately 1,119 square meters. The quarterly lease payment is NIS 403 thousands ($112 thousands).
Al 31 de diciembre de 2021, la Compañía tenía la opción de extender el período de arrendamiento por cinco años adicionales. como parte del cálculo de la obligación de arrendamiento no se tomó en cuenta la opción de extender dicho período de arrendamiento, ya que no existe una certeza razonable de que será ejercida.
In June 2022 the Company exercised its option to extend the office lease period for additional five years starting on January 1, 2023. The lease quarterly payments during the option period will be approximately NIS 423 thousand (approximately $121 thousand). As a result of the above, the company recognized an amount of approximately $1,797 thousand as increase of the lease liability against a corresponding increase in the right-of-use asset regarding the re measurement of the lease liability.
Divulgaciones por derecho de uso del activo: |
|
Dólares estadounidenses | |
Saldo al 31 de diciembre de 2021 | 386 |
Adiciones | 1,797 |
CPI additions | 147 |
Cargo de depreciación | 374 |
Saldo al 31 de diciembre de 2022 | 1,956 |
CPI additions | 61 |
Cargo de depreciación | 398 |
Saldo al 31 de diciembre de 2023 | 1,619 |
Divulgaciones para responsabilidad por arrendamiento: |
|
Dólares estadounidenses | |
Saldo al 31 de diciembre de 2021 | 503 |
Adiciones | 1,797 |
Pagos de arrendamiento | (482) |
Interés | 71 |
CPI additions | 147 |
Diferencias de tipo de cambio | 9 |
Saldo al 31 de diciembre de 2022 | 2,045 |
Pagos de arrendamiento | (507) |
Interés | 194 |
CPI additions | 61 |
Diferencias de tipo de cambio | (71) |
Saldo al 31 de diciembre de 2023 | 1,722 |
| |
Vencimientos corrientes de los pasivos por arrendamiento | 330 |
Responsabilidad por arrendamiento | 1,392 |
Detalles sobre transacciones de arrendamiento
| Diciembre 31, |
| |||
| 2023 |
| 2022 | ||
| Dólares estadounidenses en miles |
| |||
| |||||
Gastos por intereses respecto de obligaciones de arrendamiento |
| 194 | 71 | ||
Flujo de caja total por arrendamientos |
| 507 | 482 | ||
NOTA 8 - OTRAS CUENTAS POR PAGAR
a. Otros por pagar
Diciembre 31 | ||
| 2023 | 2022 |
Dólares estadounidenses en miles | ||
Vacaciones acumuladas | 1,104 | 991 |
Empleados e instituciones- Salarios de diciembre | 2,575 | 2,469 |
Gastos acumulados | 624 | 177 |
Otro | 61 | - |
4,364 | 3, 637 |
NOTA 9 - PATRIMONIO
a. Emisión de capital social
` | Numero de veces compartido* | ||
| 31 de diciembre de 2023 |
| 31 de diciembre de 2022 |
| Acciones ordinarias |
| Acciones ordinarias |
Ordinary Shares** | 85,654,304 | 85,654,304 |
*As of December 31, 2023 and 2022 the ordinary shares include un allocated options pull of 1,473,763 and 2,000,000, respectively against future exercised of allocated options.
**In February 2023 the Company change the nominal value from NIS 0.002 to no nominal value.
b. Derechos inherentes a las acciones:
Las acciones ordinarias ("Acciones Ordinarias") confieren a sus titulares el derecho de recibir convocatorias de asambleas generales de accionistas de la Compañía, de votar en dichas asambleas (cada acción equivale a un voto) y de participar en cualquier distribución de dividendos, acciones gratuitas o cualquier otra distribución de los bienes de la Sociedad.
All the Ordinary Shares rank pari passu in relation to the amounts of capital paid or credited as paid on their nominal value, in connection with dividend, the distribution of bonus shares and any other distribution, return of capital and participation in a distribution of the Company's surplus assets on winding up.
NOTA 10 - compensación basada en acciones
In 2011 and 2021, the Company's Board of Directors approved a share option and RSUs plan (the "Plan") to grant certain employees and consultants of the Company options to purchase Ordinary shares of the Company, 0.01 NIS par value each before the Initial Public Offering and 0.002 NIS after it and RSU's with no nominal value since February 2024, See note 9.
Opciones:
A febrero de 2021, agosto de 2021 y noviembre de 2021, la Compañía otorgó en total 4,151,625 opciones sobre acciones a sus empleados. El valor razonable total de las 4,151,625 opciones sobre acciones es de aproximadamente $4,411 mil.
La mayoría de las opciones sobre acciones se consolidan en un período de cuatro años: el 25% se consolida en el primer aniversario de la fecha de concesión y el 6.25% se consolida al final de cada trimestre durante el segundo, tercer y cuarto año a partir de la fecha de concesión.
Following is a summary of the status of the option plan as of December 31, 2023 and 2022, and the changes during the years ended on these dates:
| Año terminado el 31 de diciembre | |||||
2023 | 2022 | |||||
Número | Ejercicio promedio ponderado precio | Weighted average of the remaining contractual life (Years) | Número | Precio de ejercicio promedio ponderado | Weighted average of the remaining contractual life (Years) | |
Opciones pendientes a principios de año | 7,086,003 | 0.29 | 9,840,108 | 0.3 | ||
Cambios durante el año: | ||||||
Opciones otorgadas | - | - | - | - | ||
Opciones ejercidas | (322,116) | 0.36 | (1,688,421) | 0.3 | ||
Opciones perdidas | (622,581) | 0.33 |
| (1,065,684) | 0.36 |
|
Opciones pendientes a fin de año | 6,141,306 | 0.28 | 6.12 | 7,086,003 | 0.28 | 7.12 |
Opciones ejercitables al final del año | 5,213,776 | 0.29 | 5.89 | 4,901,675 | 0.29 | 6.63 |
The weighted average of the share price in the years 2023 and 2022 was $0.69 per share and $1.35 per share, respectively. The options exercised in the said years resulted in the issuance of 322,116 shares, 1,688,421 and shares, respectively, in exchange for $0.36 per share and, $0.3 per share, respectively. As of 31 December 2023, the shares issued for the exercised options were satisfied by the IBI pool shares.
RSU:
a) As of December 2021, the Company granted in total 125,807 RSUs to its Chairman and Non-Executive Directors. The total fair value of the 125,807 RSUs is approximately $284 thousand.
As of December 31, 2022 those RSUs are fully vested.
In addition, the Chairman, receive warrants to purchase Ordinary Shares, in the event that the Company achieves certain performance milestones related to the company market value during the period of his service as Chairman. The total fair value is approximately $42 thousand.
b) As of May 2022, the Company granted in total 599,000 RSUs to its employees. The total fair value of the 599,000 RSU's is approximately $997 thousand.
The RSU's vest over four years period: 25% will vest at the first anniversary of the grant date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the date of grant. the 599,000 RSU's is approximately $997 thousand.
c) As of May 2022, the Company granted in total 630,000 RSU's to its Management. The total fair value of the 630,000 RSU's is approximately $965 thousand.
50% of the RSU's vest over four years period: 25% will vest at the first anniversary of the grant date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the date of grant.
50% of the RSU's will vest once a target for revenue is achieved.
The company anticipates the performance goals will be achieved by the end of 2025.
d) As of May 2022, the Company granted in total 170,000 RSUs to the CEO, Co-Founder & Head of US business, the total fair value of the 170,000 RSUs is approximately $263 thousand. Vesting of these RSUs are in accordance with the company performance.
The CEO and Co-Founder & Head of US business did not meet the requisitos de desempeño.
e) As of June 2022, the Company granted in total 274,000 RSU's to its employees. The total fair value of the 274,000 RSUs is approximately $384 thousand.
las RSU se consolidan en un período de cuatro años: el 25 % se consolida en el primer aniversario de la fecha de concesión y el 6.25 % se consolida al final de cada trimestre durante el segundo, tercer y cuarto año a partir de la fecha de concesión.
f) As of December 2022, the Company granted in total 170,000 RSU's to its employees. The total fair
value of the 170,000 RSUs is approximately $135 thousand.
the RSU's vest over four years period: 25% will vest at the first anniversary of the grant date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the date of grant.
g) During February 2023, the Company granted in total 1,490,235 RSUs to its employees. The total fair value of the 1,490,235 RSUs is approximately $945 thousand. 1,011,125 of the RSUs vest over four years period: 25% will vest at the first anniversary of the vesting commencement date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the vesting commencement date. The rest of the RSUs will vest at the end of March 2024 if the performance condition that stipulated in the RSUs grants are met. The company estimates that the performance condition will be met.
h) During March 2023, the Company granted in total 602,373 RSUs to its employees. The total fair value of the 602,373 RSUs is approximately $298 thousand. 81,500 of the RSUs vest over four years period: 25% will vest at the first anniversary of the vesting commencement date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the vesting commencement date. The rest of the RSUs will vest at the end of March 2024 if the performance condonation that stipulated in the RSUs grants are met.
i) During May 2023, the Company granted in total 354,543 RSUs to its chairman and non-executive directors. The total fair value of the 354,543 RSUs is approximately $201 thousand. 354,543 of the RSUs vest at the end of 2023.
j) During May 2023, the Company granted in total 376,485 RSUs to its CEO and CFO. The total fair value of the 376,485 RSUs is approximately $214 thousand. 130,000 of the RSUs vest over four years period: 25% will vest at the first anniversary of the grant date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the date of grant. 246,485 vest at the end of March 2024 if the performance condonation that stipulated in the RSUs grants are met.
k) During September 2023, the Company granted in total 368,000 RSUs to its employees. The total fair value of the 368,000 RSUs is approximately $273 thousand. 368,000 of the RSUs vest over four years period: 25% will vest at the first anniversary of the vesting commencement date and 6.25% will vest at the end of each quarter during the second, third and fourth years from the vesting commencement date.
Following is a summary of the status of the RSU's plan as of December 31, 2023, and 2022, and the changes during the years ended on these dates:
|
Año terminado el 31 de diciembre |
| |||
| 2023 | 2022 | |||
| Número | ||||
RSU pendientes a principios de año | 1,762,807 | - | |||
Cambios durante el año: RSU concedidas | 3,191,636 | 1,968,807 | |||
RSUs Vested | (973,617) | - | |||
RSU perdidas | (326,452) | (206,000) | |||
RSU pendientes a fin de año | 3,654,374 | 1,762,807 | |||
|
| ||||
Los supuestos utilizados para valorar las opciones otorgadas durante 2022 y 2023 fueron los siguientes:
Año terminado el 31 de diciembre | ||
| 2023 | 2022 |
Valor razonable de la acción ordinaria | 0.49 - 0.74 | 0.535 - 1.064 |
Tasa de interés libre de riesgo | - | - |
Plazo esperado (en años) | - | - |
Rentabilidad por dividendo | - | - |
Volatilidad | - | - |
NOTE 10 - SHARE BASED COMPENSATION (continuado):
Total share-based compensation expenses recognized, were approximately:
Diciembre 31 | |||
| 2023 | 2022 | |
Dólares estadounidenses en miles | |||
|
| ||
Investigación y desarrollo | 736 | 800 | |
Ventas y marketing | 826 | 1,028 | |
General y administración | 732 | 1,008 | |
2,294 | 2,836 | ||
1. El Grupo posee los siguientes instrumentos financieros:
| Diciembre 31 | |||
|
| 2023 | 2022 | |
| Dólares estadounidenses en miles | |||
Activos financieros: | ||||
Financial assets at amortized cost: | ||||
Efectivo y equivalentes de efectivo | 17,317 | 22,141 | ||
Cuentas por cobrar comerciales | 2,502 | 2,448 | ||
Depósito restringido | 1,558 | 1,143 | ||
21,377 | 25,732 | |||
|
| |||
Diciembre 31 | ||
| 2023 | 2022 |
Dólares estadounidenses en miles | ||
Pasivos financieros: | ||
Liabilities at amortized cost: | ||
Comercio a pagar | 969 | 878 |
Responsabilidad por arrendamiento | 1,772 | 2,045 |
Otros pagaderos | 4,364 | 3, 637 |
7,105 | 6, 560 |
2. Valor razonable:
La administración cree que el valor en libros del efectivo, los depósitos a corto plazo, las cuentas por cobrar comerciales, los depósitos restringidos, las cuentas por pagar comerciales y otros pasivos corrientes se aproximan a su valor razonable debido a los vencimientos a corto plazo de estos instrumentos.
3. Objetivos y políticas de gestión de riesgos financieros:
|
The Company's principal financial liabilities are comprised of trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations and to provide guarantees to support its operations. The Company's principal financial assets include trade and other receivables, cash and short-term deposits that derive directly from its operations. |
The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management of these risks. The financial risk is managed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company's policies and objectives. The Board reviews and approves the policies for each of the risks summarized below: |
a. Market risk: |
El riesgo de mercado es el riesgo de que el valor razonable de los flujos de efectivo futuros de un instrumento financiero fluctúe debido a cambios en los precios de mercado. El riesgo de mercado comprende tres tipos de riesgo: riesgo de tasa de interés, riesgo cambiario y otros riesgos de precios, como el riesgo de precio de acciones y el riesgo de materias primas. |
b. Foreign currency risk: |
El riesgo de moneda extranjera es el riesgo de que el valor razonable o los flujos de efectivo futuros de un instrumento financiero fluctúen como resultado de cambios en los tipos de cambio de moneda extranjera. |
The Company's exposure to foreign currency risk relates primarily to the Company's continuing operation (when revenue or expense is recognized in a different currency from the Company's functional currency). |
As of December 31, 2023, the Company has excess financial assets over financial liabilities in NIS currency totaling approximately $1,379 thousand. |
c. Credit risk: |
El riesgo de crédito es el riesgo de que una contraparte no cumpla con sus obligaciones como cliente o bajo un instrumento financiero, lo que genera una pérdida para el Grupo. El Grupo está expuesto al riesgo de crédito por su actividad operativa (principalmente cuentas por cobrar comerciales) y por su actividad de financiación, incluidos depósitos en bancos y otras instituciones financieras. |
d. Liquidity risk: |
La alta dirección del Grupo monitorea continuamente el riesgo de escasez de fondos. |
The tables below analyze the Company financial liabilities into relevant maturity Groupings based on their contractual maturities. The amounts disclosed in the table are the contractual undiscounted cash flows. |
Diciembre 31, 2023:
Menos de un año |
| 1-2 años |
| 2-3 años |
| 4-5 años |
| 5-6 años |
| Total | |
Comercio a pagar | 969 | - | - | - | - | 969 | |||||
Otras cuentas por pagar | 624 | - | - | - | - | 624 | |||||
Responsabilidad por arrendamiento | 481 | 481 | 481 | 481 | 481 | 2,405 | |||||
2,074 | 481 | 481 | 481 | 481 | 3,998 |
Diciembre 31, 2022:
Menos de un año |
| 1-2 años |
| 2-3 años |
| 4-5 años |
| 5-6 años |
| Total | |
Comercio a pagar | 878 | - | - | - | - | 878 | |||||
Otras cuentas por pagar | 177 | - | - | - | - | 177 | |||||
Responsabilidad por arrendamiento | 481 | 481 | 481 | 481 | 481 | 2,405 | |||||
1,536 | 481 | 481 | 481 | 481 | 3,460 |
nota 12 - COMPROMISOS:
a. A diciembre de 31, 2023 y 2022, the Company pledged bank deposit in a total amount of approximately $324, and $328 thousand, in consideration of a lease agreement.
b. A diciembre de 31, 2023, y 2022, the Company pledged bank deposit in a total amount of approximately $88, and $70 thousand, in consideration of credit card guarantees.
c. A diciembre de 31, 2023 y 2022, the Company pledged bank deposit in a total amount of approximately $1,147, and $745 thousand, in consideration of guarantees required under a customer agreement.
NOTA 13 - INGRESOS POR CONTRATO CON CLIENTES
Año terminado el 31 de diciembre | ||
2023 | 2022 | |
Dólares estadounidenses en miles | ||
a. Tipos de clientes: | ||
Gobiernos | 19,827 | 16,027 |
Comercial | 8,500 | 5,616 |
28,327 | 21,643 |
Año terminado el 31 de diciembre | |||
2023 | 2022 |
| |
Dólares estadounidenses en miles | |||
b. Regiones geográficas: |
| ||
Israel* | 555 | 351 |
|
US | 8,953 | 6,546 |
|
APAC | 3,069 | 3,354 |
|
Europa | 10,577 | 8,711 |
|
Consejo de Cooperación del Golfo (CCG) y África | 4,096 | 2,189 |
|
América del Sur/Latinoamérica | 1,077 | 492 |
|
28,327 | 21,643 |
| |
|
*Prácticamente todos los activos no corrientes del estado financiero consolidado están ubicados en Israel.
NOTA 13 - INGRESOS POR CONTRATO CON CLIENTES (Continuado)
Ingresos de los principales clientes, cada uno de los cuales representa el 10% o más de los ingresos totales informados en los estados financieros.:
Año terminado el 31 de diciembre | |
2023 | |
Dólares estadounidenses en miles | |
Cliente A | 2,813 |
Ingresos diferidos
Dólares estadounidenses en miles | ||
Saldo al 31 de diciembre de 2021 |
| 11,862 |
| ||
Revenue recognized that was included in the contract liability balance at the beginning of the year |
| (11,862) |
Contraprestación recibida durante el año con respecto a la obligación de desempeño que será satisfecha en los próximos años. |
| 12,393 |
|
| |
Saldo al 31 de diciembre de 2022 |
| 12,393 |
| ||
Revenue recognized that was included in the contract liability balance at the beginning of the year |
| (8,033) |
Contraprestación recibida durante el año con respecto a la obligación de desempeño que será satisfecha en los próximos años. |
|
11, 165
|
|
| |
Saldo al 31 de diciembre de 2023 |
| 15,525 |
Movimiento de ingresos diferidos, neto:
Dólares estadounidenses en miles | |||
Diciembre 31 | |||
2023 | 2022 | ||
Ingresos Diferidos de Corto Plazo |
| 12,734 | 8,315 |
| |||
Ingresos Diferidos a Largo Plazo |
| 2,791 | 4,078 |
|
|
| |
Ingresos diferidos |
| 15,525 | 12,393 |
NOTA 14 - INFORMACIÓN OPERACIONAL COMPLEMENTARIA
Año terminado el 31 de diciembre | ||||
| 2023 |
| 2022 | |
Costo de ingresos: |
| dólares estadounidenses en miles | ||
Nómina y gastos relacionados | 1,995 | 1,855 | ||
Servicios de hosting y datos | 3,154 | 3,865 | ||
Otro | 676 | 426 | ||
5,825 | 6,146 | |||
Investigación y desarrollo, neto: |
| |||
Nómina y gastos relacionados | 8,892 | 9,719 | ||
Gastos de compensación basados en acciones | 736 | 800 | ||
Depreciación y mantenimiento de edificios. | 854 | 1,134 | ||
Otro | 650 | 653 | ||
11,132 | 12,306 | |||
Ventas y marketing: |
| |||
Nómina y gastos relacionados | 8,571 | 7,854 | ||
Profesional | 1,561 | 1,368 | ||
Gastos de traslado | 821 | 624 | ||
Gastos de compensación basados en acciones | 826 | 1,028 | ||
Depreciación y mantenimiento de edificios. | 389 | 463 | ||
Otro | 1,482 | 1,836 | ||
13,650 | 13,173 | |||
Generales y administración: |
| |||
Nómina y gastos relacionados | 2,564 | 2,664 | ||
Los servicios profesionales | 997 | 1,220 | ||
Depreciación y mantenimiento de edificios. | 430 | 235 | ||
Gastos de compensación basados en acciones | 732 | 1,008 | ||
Otro | 974 | 401 | ||
5,697 | 5,528 | |||
Gastos financieros |
| |||
Comisiones bancarias | 49 | 46 | ||
Diferencias de tipos de cambio | 368 | 2,929 | ||
Intereses y cargos financieros por pasivos por arrendamiento | 194 | 79 | ||
Gastos por intereses | 705 | 635 | ||
Ingresos por intereses | (448) | - | ||
868 | 3,689 |
NOTA 15 - IMPUESTOS SOBRE LA RENTA: |
|
a. Tax rates |
|
La Compañía y sus subsidiarias tributan según las leyes tributarias nacionales de la jurisdicción de constitución de cada entidad. |
The corporate tax rate under Israeli law is 23% in 2018 and thereafter. |
The corporate tax rate under US law is 21% in 2018 and thereafter. |
The corporate tax rate under UK law is 19% in 2018 and thereafter. |
b. Carry forward losses |
|
Carry forward tax losses of the Company as of December 31, 2023, aggregate approximately $59,500 thousand. The Company did not recognize a deferred tax asset in respect of those losses as no taxable income is probable in the foreseeable future. |
c. Tax assessment |
|
The Company's tax assessments up until the year 2018 are considered final. |
d. Current taxes |
|
In 2023, the company recognized current tax expenses from the subsidiary in the amount of $146 thousand resulting from adjustments for previous years. |
e. Reconciliation of income tax expense to prima facie tax payable |
|
In 2023 and 2022, the main reconciling item of the statutory tax rate of the Company (19% to 23%) to the effective tax rate (0%) is tax loss carryforward and R&D credit carryforward. |
NOTA 16 - SALDOS Y TRANSACCIONES CON PARTES RELACIONADAS
a. The related parties: | ||||||||||||
Las partes relacionadas de la Compañía son Ami Daniel y Matan Peled, quienes fundaron Winward en 2010. | ||||||||||||
Ami se desempeña como directora ejecutiva y directora, Matan es cofundadora, directora y directora de negocios en EE. UU. | ||||||||||||
In addition, The Right, Honorable, The Lord Browne of Madingley ("The Lord Browne of Madingley") the chairman of the board of directors of the Company. |
| |||||||||||
b. Balances with related parties: | ||||||||||||
Diciembre 31 |
| |||||||||||
2023 |
| 2022 |
| |||||||||
dólares estadounidenses en miles |
| |||||||||||
Otras cuentas por pagar | 267 | 327 | ||||||||||
C. Transacciones con partes relacionadas: | ||||||||||||
Diciembre 31 |
| |||||||||||
2023 |
| 2022 |
| |||||||||
dólares estadounidenses en miles |
| |||||||||||
| 1,351 | 1,168 | ||||||||||
Departamento de Nóminas | 246 | 284 | ||||||||||
Compensación de base compartida (*) | 1,597 | 1,452 | ||||||||||
(*) As of 2019, the Company granted in total 589,470 share options to chairman of the board of directors. |
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NOTA 17 - GANACIAS POR ACCION
a. Detalles del número de acciones y pérdida utilizadas en el cálculo de la pérdida por acción:
| Año terminado el 31 de diciembre de | |||||||
| 2023 |
| 2022 | |||||
| Número ponderado de acciones (*) |
| Pérdida atribuible a los accionistas de la Compañía |
| Número ponderado de acciones (*) |
| Pérdida atribuible a los accionistas de la Compañía | |
| In miles |
| En miles |
| In miles |
| En miles | |
Número de acciones y pérdida. | ||||||||
Pérdida del año | 88,168 | (8,991) | 87,087 | (19, 199) | ||||
Ajuste para acciones preferentes acumuladas | - | - | - | - | ||||
Para el cálculo de la pérdida básica. | 88,168 | (8,991) | 87,087 | (19, 199) |
(*) The amount of ordinary shares used in calculating the loss per share includes potential ordinary shares resulting from a potential conversion of vested RSUs with a negligible exercise price.
Para calcular la pérdida neta diluida por acción, los valores convertibles (opciones potenciales dilutivas sobre acciones ordinarias para empleados bajo planes de pagos basados en acciones) no se han tenido en cuenta ya que su conversión disminuye la pérdida por acción.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.