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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (1,696) $ (3,630)
Adjustments required to reconcile net loss to net cash provided by operating activities:    
Depreciation 780 821
Amortization of intangible assets 1,167 646
Equity-based compensation 3,389 3,198
Amortization of premiums on available-for-sale marketable securities 123 127
Unrealized foreign exchange loss 154 391
Remeasurement of marketable equity securities 1,131 (0)
Changes in operating assets and liabilities:    
Trade receivables 3,944 6,583
Prepaid expenses and other assets (3,034) (1,288)
Operating lease right-of-use assets 425 698
Accrued interest on bank deposits (9) 156
Deferred tax, net (991) (1,005)
Trade payables 736 (74)
Deferred revenues 70 960
Accrued expenses and other payables 92 (464)
Accrued payroll and related benefits 3,710 8,854
Operating lease liability (454) (711)
Accrued severance pay, net 287 (69)
Net cash provided by operating activities 9,824 15,193
Cash flows from investing activities:    
Purchase of property and equipment (909) (1,057)
Proceeds from bank deposits 1,385 12,989
Investment in available-for-sale marketable securities (8,789) (6,752)
Proceeds from maturity of available-for-sale marketable securities 3,500 9,063
Proceeds from sale of available-for-sale marketable securities 0 1,975
Net cash provided by (used in) investing activities (4,813) 16,218
Cash flows from financing activities:    
Proceeds from exercise of stock-based awards 1,720 1,577
Net cash provided by financing activities 1,720 1,577
Effect of exchange rate changes on cash and cash equivalents (106) (469)
Increase in cash and cash equivalents 6,625 32,519
Cash and cash equivalents at the beginning of the period 33,153 21,143
Cash and cash equivalents at the end of the period 39,778 53,662
Supplemental information of cash-flow activities:    
Income and withholding taxes 2,355 2,192
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 948 7
Right-of-use assets obtained in the exchange for operating lease liabilities $ 308 $ 0