v3.25.3
Operating Expenses
 9 Months Ended
Sep. 30, 2025
Operating Expenses [Abstract]  
Operating Expenses
Note 11: Operating Expenses
The Company had an average of 117 employees at September 30, 2025, in comparison with an average of 108 employees at September 30, 2024. The increase is mainly due to hiring to support development activities and quality activities.
The following table summarizes the allocation of personnel expenses by function during the nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Research and Development expenses5,211 5,026 15,538 15,251 
Sales & Marketing expenses231 164 581 731 
General & Administrative expenses2,319 3,141 9,223 9,791 
Total personnel expenses7,761 8,331 25,342 25,774 
The following table summarizes the allocation of personnel expenses by nature during the nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Wages and salaries5,638 5,301 17,005 15,984 
Social security contributions1,608 1,190 4,805 3,912 
Expenses for pension commitments(1)251 69 804 
Share-based payments516 1,590 3,463 5,073 
Total7,761 8,331 25,342 25,773 
The increase in personnel expenses excluding share-based payments is mainly due to recruitments made during the third quarter of 2024 for which personnel costs are recognized for a full period at end-September 2025 in addition to new recruitments made in the third quarter of 2025. For the portion related to the Share-based payments, the decrease is mainly due to employees that lost their rights subsequently to their exits.