XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (10,690) $ (2,819)
Adjustments required to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 1,462 1,594
Amortization of intangible assets 1,379 2,335
Equity-based compensation 8,064 6,692
Realized loss (gain) on sale of available-for-sale marketable securities (76) 21
Amortization of premiums on available-for-sale marketable securities 40 232
Unrealized foreign exchange loss (gain) (352) 148
Remeasurement of marketable equity securities 236 1,816
Changes in operating assets and liabilities:    
Trade receivables (657) (516)
Prepaid expenses and other assets (1,965) (1,124)
Operating lease right-of-use assets 447 1,060
Accrued interest on bank deposits (114) 124
Deferred tax, net (406) (3,663)
Trade payables (898) 460
Deferred revenues 620 (4,115)
Accrued expenses and other payables (1,177) 747
Accrued payroll and related benefits (5,545) (490)
Operating lease liability (464) (1,062)
Accrued severance pay, net 233 271
Net cash provided by (used in) operating activities (9,863) 1,711
Cash flows from investing activities:    
Purchase of property and equipment (1,231) (2,103)
Acquisition of business (3,600) 0
Investment in bank deposits 0 (12,000)
Proceeds from bank deposits 4,000 19,385
Investment in available-for-sale marketable securities (2,455) (27,260)
Proceeds from maturity of available-for-sale marketable securities 7,000 6,796
Proceeds from sale of available-for-sale marketable securities 10,659 2,926
Net cash provided by (used in) investing activities 14,373 (12,256)
Cash flows from financing activities:    
Purchase of treasury stock 0 (4,457)
Proceeds from exercise of stock-based awards 1,673 1,720
Net cash provided by (used in) financing activities 1,673 (2,737)
Effect of exchange rate changes on cash and cash equivalents 43 (582)
Increase (decrease) in cash and cash equivalents 6,226 (13,864)
Cash and cash equivalents at the beginning of the period 21,285 33,153
Cash and cash equivalents at the end of the period 27,511 19,289
Supplemental information of cash-flow activities:    
Income and withholding taxes 3,871 4,977
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 0 336
Right-of-use assets obtained in the exchange for operating lease liabilities $ 1,028 $ 444