Operating expenses in the first quarter of 2022 increased by 9% to $51.7 million compared to the same period in 2021 due to additional headcount, including security and personnel joining our R&D team, and related costs as well as increase in marketing and travel costs as COVID impact decreased.

May 3, 2022 / CFO / receipt, needs a key / Guy Avidan, CFO | earnings call 2022-05-03 | transcript 911f7ca5-904e-486b-90c8-7ebfd96400b4 | chars 11092-11387 | segment 11