Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 171

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 19
Chunk 171
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                                   16,134                  15,302  
  Depreciation and amortization                                   4,608                   3,664  
  Other operating (income) expenses                                ( 23                     747  
  Consolidated operating loss                                  ( 30,762                ( 31,994  
  Other (income) expenses                                          ( 44                      32  
  Other financial expenses, net                                ( 22,314                ( 47,122  
  Consolidated loss before income taxes       $                ( 53,120      $         ( 79,084  

F-23

GAUZY LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(U. S. dollars in thousands, except share and per
share amounts)

NOTE 4 - OPERATING SEGMENTS AND GEOGRAPHICAL
INFORMATION(continued):

  Geographical information  

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

                      Year ended December 31                                     
                      2024                                     2023              
 ─────────────────────────────────────────────────────────────────────────────────
  Israel              $                             1,327      $          1,096  
  United States                                    29,305                17,543  
  France                                           26,480                35,753  
  Rest of Europe                                   30,023                16,936  
  Asia                                             12,190                 3,572  
  Rest of world                                     4,202                 3,080  
                      $                           103,527      $         77,980  

The following table presents the Company’s
long-lived assets, net of depreciation and amortization, by geographic region:

                                    December 31                                    
                                    2024                         2023              
 ───────────────────────────────────────────────────────────────────────────────────
  Israel                            $                 4,850      $          4,846  
  United States                                         285                   321  
  France                                             27,935                23,392  
  Rest of Europe                                      4,838                 4,321  
  Rest of the world                                      68                    27  
  Total long-lived assets, net      $                37,976      $         32,907  

Long-lived assets include property,
plant and equipment and right-of-use (ROU) assets of leases.

  Major customers  

See note 2(p) above.

F-24

GAUZY LTD.

NOT