2023 Q4 Form 20-F Financial Statement

#000117891324001474 Filed on April 30, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $18.76M $124.1M
YoY Change -58.48% -17.57%
Cost Of Revenue $23.26M $95.44M
YoY Change -23.0% -3.23%
Gross Profit -$4.494M $28.69M
YoY Change -129.98% -44.78%
Gross Profit Margin -23.95% 23.11%
Selling, General & Admin $2.616M $11.16M
YoY Change -8.24% -2.64%
% of Gross Profit 38.91%
Research & Development $5.016M $20.64M
YoY Change -1.18% 0.36%
% of Gross Profit 71.94%
Depreciation & Amortization $2.497M
YoY Change 3.4%
% of Gross Profit 8.7%
Operating Expenses $7.632M $31.80M
YoY Change -3.72% -0.71%
Operating Profit -$12.13M -$3.113M
YoY Change -271.71% -115.62%
Interest Expense $171.0K $1.372M
YoY Change -61.05% -44.32%
% of Operating Profit
Other Income/Expense, Net $1.372M
YoY Change -44.32%
Pretax Income -$11.96M -$1.741M
YoY Change -259.38% -107.78%
Income Tax -$446.0K $1.214M
% Of Pretax Income
Net Earnings -$11.51M -$2.955M
YoY Change -304.75% -116.14%
Net Earnings / Revenue -61.34% -2.38%
Basic Earnings Per Share -$3.94
Diluted Earnings Per Share -$1.76 -$0.44
COMMON SHARES
Basic Shares Outstanding 6.406M shares 6.700M shares
Diluted Shares Outstanding 6.700M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.93M $54.93M
YoY Change 58.05% 58.05%
Cash & Equivalents $46.97M $46.97M
Short-Term Investments $7.957M $7.957M
Other Short-Term Assets
YoY Change
Inventory $51.51M $51.51M
Prepaid Expenses $829.0K
Receivables $25.00M $25.00M
Other Receivables $3.688M $3.688M
Total Short-Term Assets $135.1M $135.1M
YoY Change -12.04% -12.04%
LONG-TERM ASSETS
Property, Plant & Equipment $10.02M $10.02M
YoY Change -22.52% -22.52%
Goodwill $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments $16.62M $16.62M
YoY Change 9.6% 9.6%
Other Assets $1.613M $1.613M
YoY Change -27.24% -27.24%
Total Long-Term Assets $56.06M $56.06M
YoY Change -10.41% -10.41%
TOTAL ASSETS
Total Short-Term Assets $135.1M $135.1M
Total Long-Term Assets $56.06M $56.06M
Total Assets $191.2M $191.2M
YoY Change -11.57% -11.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.81M $10.81M
YoY Change -57.72% -57.72%
Accrued Expenses $2.070M $2.070M
YoY Change 33.63% 33.63%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.88M $12.88M
YoY Change -52.5% -52.5%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $6.549M $6.549M
YoY Change -32.6% -32.6%
Total Long-Term Liabilities $6.549M $6.549M
YoY Change -32.6% -32.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.88M $12.88M
Total Long-Term Liabilities $6.549M $6.549M
Total Liabilities $19.47M $19.47M
YoY Change -47.23% -47.23%
SHAREHOLDERS EQUITY
Retained Earnings $121.2M
YoY Change -17.89%
Common Stock $70.67M
YoY Change 6.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $43.63M
YoY Change 25.03%
Treasury Stock Shares
Shareholders Equity $171.7M $171.7M
YoY Change
Total Liabilities & Shareholders Equity $191.2M $191.2M
YoY Change -11.57% -11.57%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$11.51M -$2.955M
YoY Change -304.75% -116.14%
Depreciation, Depletion And Amortization $2.497M
YoY Change 3.4%
Cash From Operating Activities $31.93M
YoY Change -880.56%
INVESTING ACTIVITIES
Capital Expenditures $1.122M
YoY Change -46.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$7.517M
YoY Change -190.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$7.973M
YoY Change 658.61%
NET CHANGE
Cash From Operating Activities $31.93M
Cash From Investing Activities -$7.517M
Cash From Financing Activities -$7.973M
Net Change In Cash $16.24M
YoY Change 1020.63%
FREE CASH FLOW
Cash From Operating Activities $31.93M
Capital Expenditures $1.122M
Free Cash Flow $30.80M
YoY Change -598.51%

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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
542000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1683000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1449000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16238000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20676000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29285000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30734000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29285000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30734000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46972000 usd
CY2021 silc Recognition Of Right Of Use Assets And Lease Liabilities
RecognitionOfRightOfUseAssetsAndLeaseLiabilities
451000 usd
CY2022 silc Recognition Of Right Of Use Assets And Lease Liabilities
RecognitionOfRightOfUseAssetsAndLeaseLiabilities
1433000 usd
CY2023 silc Recognition Of Right Of Use Assets And Lease Liabilities
RecognitionOfRightOfUseAssetsAndLeaseLiabilities
388000 usd
CY2021 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
59000 usd
CY2023 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
54000 usd
CY2021 silc Non Cash Transactions Including Portion Of Investments And Right Of Use Assets And Lease Liabilities
NonCashTransactionsIncludingPortionOfInvestmentsAndRightOfUseAssetsAndLeaseLiabilities
510000 usd
CY2022 silc Non Cash Transactions Including Portion Of Investments And Right Of Use Assets And Lease Liabilities
NonCashTransactionsIncludingPortionOfInvestmentsAndRightOfUseAssetsAndLeaseLiabilities
1470000 usd
CY2023 silc Non Cash Transactions Including Portion Of Investments And Right Of Use Assets And Lease Liabilities
NonCashTransactionsIncludingPortionOfInvestmentsAndRightOfUseAssetsAndLeaseLiabilities
-178000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
2371000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
-411000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
601000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19472000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21684000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
20000 usd
CY2022Q4 us-gaap Cash
Cash
24016000 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 unit
CY2023Q4 us-gaap Cash
Cash
42009000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
6718000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
4963000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46972000 usd
CY2023 silc Weighted Average Interest Rate Of Cash On Deposit
WeightedAverageInterestRateOfCashOnDeposit
0.0457 pure
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
24764000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
18306000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-26413000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6825630 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6696671 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6699813 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
143172 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
99748 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6968802 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6796419 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6699813 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.544
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.733
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.942
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.513
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.694
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.942
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
65534 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
251868 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69005 shares
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
679000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
24085000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
19321000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
1325000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
17996000 usd
CY2022Q4 silc Accrued Interest On Securities
AccruedInterestOnSecurities
138000 usd
CY2023Q4 silc Accrued Interest On Securities
AccruedInterestOnSecurities
188000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4488000 usd
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
3998000 usd
CY2022 silc Changes In Marketable Securities Net
ChangesInMarketableSecuritiesNet
914000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
16029000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
19321000 usd
CY2023 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
9623000 usd
CY2023 silc Changes In Marketable Securities Net
ChangesInMarketableSecuritiesNet
180000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
4000000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
24764000 usd
CY2023Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
99000 usd
CY2023Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
8690000 usd
CY2023Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
580000 usd
CY2023Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
15395000 usd
CY2023Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
679000 usd
CY2023Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
24085000 usd
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
421000 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
136000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
71861000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
36979000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
12417000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
9189000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3707000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5339000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
87985000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
51507000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
5246000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
3002000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
6433000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23960000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25236000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9714000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5542000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3004000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3289000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6710000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2253000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
428000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
207000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
285000 usd
CY2021Q4 silc Estimates Amortization Of Capitalized Software Development Costs
EstimatesAmortizationOfCapitalizedSoftwareDevelopmentCosts
303000 usd
CY2022Q4 silc Estimates Amortization Of Capitalized Software Development Costs
EstimatesAmortizationOfCapitalizedSoftwareDevelopmentCosts
451000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2338000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2008000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
5958000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3675000 usd
CY2022Q4 silc Government Authorities Current
GovernmentAuthoritiesCurrent
663000 usd
CY2023Q4 silc Government Authorities Current
GovernmentAuthoritiesCurrent
520000 usd
CY2022Q4 silc Other Payables Current
OtherPayablesCurrent
682000 usd
CY2023Q4 silc Other Payables Current
OtherPayablesCurrent
465000 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
9641000 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
6668000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1921000 usd
CY2021 silc Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
1887000 usd
CY2022 silc Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
1847000 usd
CY2023 silc Operating Cash Flows From Operating Leases
OperatingCashFlowsFromOperatingLeases
1662000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8441000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6466000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1549000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2070000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6291000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3877000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7840000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5947000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.023 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1346000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
981000 usd
CY2022 us-gaap Severance Costs1
SeveranceCosts1
1194000 usd
CY2023 us-gaap Severance Costs1
SeveranceCosts1
878000 usd
CY2023 silc Capital Gains Tax
CapitalGainsTax
0.25 pure
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
590047 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
133925 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
41.84
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.62
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
132702 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
34.01
CY2021 silc Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageGrantDateFairValue
12.85
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11749 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
35.79
CY2021 silc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageGrantDateFairValue
15.39
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
579521 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
198174 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
40.82
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.13
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
66298 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
33.09
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3577000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3353000 usd
CY2022 silc Tax Benefit Recognized In Consolidated Statements Of Operations Related To Sharebased Compensation Expenses
TaxBenefitRecognizedInConsolidatedStatementsOfOperationsRelatedToSharebasedCompensationExpenses
40000 usd
CY2021 us-gaap Revenues
Revenues
128460000 usd
CY2022 us-gaap Revenues
Revenues
150582000 usd
CY2023 us-gaap Revenues
Revenues
124131000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
7486000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
17915000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
12929000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
10018000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1031000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2308000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
163000 usd
CY2021 silc Bank Charges
BankCharges
48000 usd
CY2022 silc Bank Charges
BankCharges
74000 usd
CY2023 silc Bank Charges
BankCharges
45000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-152000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2464000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1372000 usd
CY2023 silc Withholding Tax Deduction From Cash Dividends Distributed From Benefited Profits
WithholdingTaxDeductionFromCashDividendsDistributedFromBenefitedProfits
0.20 pure
CY2023 silc Corporate Tax On Cash Dividends Distributed From Exempted Profits
CorporateTaxOnCashDividendsDistributedFromExemptedProfits
0.25 pure
CY2023Q4 silc Federal Corporate Income Tax Rate Under Tax Cuts And Jobs Acts
FederalCorporateIncomeTaxRateUnderTaxCutsAndJobsActs
0.21 pure
CY2023Q4 silc State Corporate Income Tax Rate Under Tax Cuts And Jobs Acts
StateCorporateIncomeTaxRateUnderTaxCutsAndJobsActs
0.08 pure
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5419000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4475000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2799000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12905000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22390000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-27302000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1281000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1765000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
201000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1192000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1198000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
921000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2963000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1122000 usd
CY2021 silc Income Tax Reconciliation Prior Year Income Taxes Israel
IncomeTaxReconciliationPriorYearIncomeTaxesIsrael
-10000 usd
CY2022 silc Income Tax Reconciliation Prior Year Income Taxes Israel
IncomeTaxReconciliationPriorYearIncomeTaxesIsrael
-215000 usd
CY2023 silc Income Tax Reconciliation Prior Year Income Taxes Israel
IncomeTaxReconciliationPriorYearIncomeTaxesIsrael
-10000 usd
CY2021 silc Income Tax Reconciliation Prior Year Income Taxes Foreign Jurisdiction
IncomeTaxReconciliationPriorYearIncomeTaxesForeignJurisdiction
-147000 usd
CY2022 silc Income Tax Reconciliation Prior Year Income Taxes Foreign Jurisdiction
IncomeTaxReconciliationPriorYearIncomeTaxesForeignJurisdiction
158000 usd
CY2023 silc Income Tax Reconciliation Prior Year Income Taxes Foreign Jurisdiction
IncomeTaxReconciliationPriorYearIncomeTaxesForeignJurisdiction
-116000 usd
CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-157000 usd
CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-57000 usd
CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-126000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
174000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1114000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1857000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-126000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
64000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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IncomeTaxReconciliationOtherAdjustments
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2023 dei Entity Central Index Key
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CY2023 dei Document Fiscal Period Focus
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FY
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2023-12-31
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CY2023 dei Document Fiscal Year Focus
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2023
CY2023 dei Entity Well Known Seasoned Issuer
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No
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Yes
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Yes
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false
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true
CY2023 dei Document Fin Stmt Error Correction Flag
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1309
CY2023 dei Auditor Name
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Kesselman & Kesselman
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Haifa, Israel
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19472000 usd
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GoodwillImpairmentLoss
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TerminationOfLeaseAgreements
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CY2023 us-gaap Use Of Estimates
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<div> <div style="line-height:1.25"> <table cellpadding="0" cellspacing="0" style="font-family:'Times New Roman', Times, serif;font-size:10pt;width:100%;text-align:left;color:#000000"> <tr> <td style="width:36pt"> </td> <td style="width:36pt;vertical-align:top;font-weight:bold"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">C.</span></span></td> <td style="width:auto;vertical-align:top;text-align:justify"> <div style="font-weight:bold"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Estimates and assumptions</span></span></div> </td> </tr> </table> <div style="line-height:1.25"> </div> </div> <div style="line-height:1.25"> <div style="text-align:justify;line-height:1.25;font-family:'Times New Roman',Times,serif;margin-left:72pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include credit loss, income taxes, impairment of inventories, impairment of goodwill, capitalized software costs and the assumptions used to estimate the fair value of share-based compensation.</span></span></div> </div> </div>
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<div> <div style="line-height:1.25"> <div> <table cellpadding="0" cellspacing="0" style="font-family:'Times New Roman', Times, serif;font-size:10pt;width:100%"> <tr style="vertical-align:top"> <td style="width:36pt"> </td> <td style="text-align:right;vertical-align:top;width:36pt"> <div style="text-align:justify;line-height:1.25;font-weight:bold"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">W.</span></span></div> </td> <td style="text-align:left;vertical-align:top;width:auto"> <div style="text-align:justify;line-height:1.25;font-weight:bold"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Concentrations of risks</span></span></div> </td> </tr> </table> </div> <div style="line-height:1.25"> </div> <div> <table cellpadding="0" cellspacing="0" style="font-family:'Times New Roman', Times, serif;font-size:10pt;width:100%"> <tr style="vertical-align:top"> <td style="width:36pt"> </td> <td style="text-align:right;vertical-align:top;width:36pt"> <div style="text-align:justify;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(1)</span></span></div> </td> <td style="text-align:left;vertical-align:top;width:auto"> <div style="text-align:justify;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="text-decoration:underline">Credit risk</span></span></span></div> </td> </tr> </table> </div> <div style="line-height:1.25"> </div> </div> <div style="line-height:1.25"> <div style="text-align:justify;line-height:1.25;font-family:'Times New Roman',Times,serif;margin-left:72pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and cash equivalents, marketable securities, trade receivables and assets held for employees’ severance benefits. Cash and cash equivalents balances of the Company, which are subject to credit risk, consist of cash accounts held with major financial institutions. Marketable securities consist of held to maturity marketable securities issued by highly rated corporations. As of December 31, 2022 and 2023, the ratings of the securities in the Company's portfolio was at least A-<span>.</span> Nonetheless, these investments are subject to general credit and counterparty risks (such as that the counterparty to a financial instrument fails to meet its contractual obligations). The Company closely monitors extensions of credit and has never experienced significant credit losses.</span></span></div> <div style="line-height:1.25"> </div> </div> <div style="line-height:1.25"> <div> <table cellpadding="0" cellspacing="0" style="font-family:'Times New Roman', Times, serif;font-size:10pt;width:100%"> <tr style="vertical-align:top"> <td style="width:36pt"> </td> <td style="text-align:right;vertical-align:top;width:36pt"> <div style="text-align:justify;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(2)</span></span></div> </td> <td style="text-align:left;vertical-align:top;width:auto"> <div style="text-align:justify;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="text-decoration:underline">Significant customers</span></span></span></div> </td> </tr> </table> </div> <div style="line-height:1.25"> </div> </div> <div style="line-height:1.25"> <div style="text-align:justify;line-height:1.25;font-family:'Times New Roman',Times,serif;margin-left:72pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The C</span></span>ompany's top two ultimate customers accounted for approximately 30% of its revenues in 2023. In addition, out of the trade receivable as of December 31, 2023, an amount of US$ 14,265 thousand is due to one customer. The Company expects that a small number of customers will continue to account for a significant portion of its revenues for the foreseeable future. See Note 13.</span></span></div> </div> </div>
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388000 usd
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TerminationOfLeaseAgreements
620000 usd
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2887000 usd
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401000 usd
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2022 silc Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period Weighted Average Grant Date Fair Value
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CY2023Q4 us-gaap Operating Loss Carryforwards
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 silc Deferred Tax Assets Goodwill
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CY2023Q4 silc Deferred Tax Assets Goodwill
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CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2023Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2023Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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357000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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161000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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1511000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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0 usd
CY2022Q4 silc Deferred Tax Liabilities Operating Leases Rightofuse Net
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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221000 usd
CY2023 silc Goodwill Written Off
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25561000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
25561000 usd

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zk2431324_htm.xml Edgar Link completed
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