XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss: $ (5,739) $ (10,690)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 1,444 1,462
Amortization of intangible assets 556 1,379
Equity-based compensation 7,471 8,064
Realized gain on sale of available-for-sale marketable securities (10) (76)
Amortization of premiums (accretion of discount) on available-for-sale marketable securities (386) (40)
Amortization of premiums (accretion of discount) on available-for-sale marketable securities 386 40
Unrealized foreign exchange (gain) loss 167 (352)
Remeasurement of marketable equity securities 118 236
Changes in operating assets and liabilities:    
Trade receivables, net (4,989) (657)
Prepaid expenses and other assets (2,210) (1,965)
Operating lease right-of-use assets 841 447
Accrued interest on bank deposits 449 (114)
Deferred tax, net 253 (406)
Trade payables (105) (898)
Deferred revenues (188) 620
Accrued expenses and other payables 91 (1,177)
Accrued payroll and related benefits (1,962) (5,545)
Operating lease liability (781) (464)
Accrued severance pay, net 10 233
Net cash used in operating activities (4,970) (9,863)
Cash flows from investing activities:    
Purchase of property and equipment 1,512 1,231
Acquisition of business 0 (3,600)
Proceeds from the sale of Intrinsix (see note 4) 540 0
Asset acquisition (753) 0
Proceeds from bank deposits 8,000 4,000
Investment in available-for-sale marketable securities (29,969) (2,455)
Proceeds from maturity of available-for-sale marketable securities 24,580 7,000
Proceeds from sale of available-for-sale marketable securities 7,298 10,659
Net cash provided by investing activities 8,184 14,373
Cash flows from financing activities:    
Purchase of treasury stock (3,276) 0
Proceeds from exercise of stock-based awards 1,554 1,673
Net cash provided by (used in) financing activities (1,722) 1,673
Effect of exchange rate changes on cash and cash equivalents (77) 43
Increase (decrease) in cash and cash equivalents 1,415 6,226
Cash and cash equivalents at the beginning of the period 23,287 21,285
Cash and cash equivalents at the end of the period 24,702 27,511
Supplemental information of cash-flow activities:    
Income and withholding taxes 1,512 3,871
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 22 0
Right-of-use assets obtained in the exchange for operating lease liabilities $ 373 $ 1,028