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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss: $ (7,050) $ (15,647)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 2,155 2,195
Amortization of intangible assets 835 1,718
Equity-based compensation 11,679 12,306
Realized gain on sale of available-for-sale marketable securities (14) (68)
Amortization of premiums (accretion of discount) on available-for-sale marketable securities (654) 41
Unrealized foreign exchange gain (467) (148)
Remeasurement of marketable equity securities 97 76
Changes in operating assets and liabilities:    
Trade receivables, net (7,812) (778)
Prepaid expenses and other assets (3,711) (1,969)
Operating lease right-of-use assets 1,353 720
Accrued interest on bank deposits 550 (130)
Deferred tax, net (330) (1,486)
Trade payables 422 (836)
Deferred revenues 400 950
Accrued expenses and other payables 353 47
Accrued payroll and related benefits (703) (6,237)
Operating lease liability (1,314) (718)
Income taxes payable (368) (1,372)
Accrued severance pay, net 8 192
Net cash used in operating activities (4,571) (11,144)
Cash flows from investing activities:    
Purchase of property and equipment 1,926 2,123
Acquisition of business 0 (3,600)
Proceeds from the sale of Intrinsix (see note 4) 540 0
Asset acquisition (753) 0
Investment in bank deposits (2,000) (2,000)
Proceeds from bank deposits 10,000 6,000
Investment in available-for-sale marketable securities (41,308) (10,524)
Proceeds from maturity of available-for-sale marketable securities 24,580 8,800
Proceeds from sale of available-for-sale marketable securities 9,806 10,659
Net cash provided by (used in) investing activities (1,061) 7,212
Cash flows from financing activities:    
Purchase of treasury stock (7,456) (3,003)
Proceeds from exercise of stock-based awards 2,883 3,393
Net cash provided by (used in) financing activities (4,573) 390
Effect of exchange rate changes on cash and cash equivalents 146 (53)
Decrease in cash and cash equivalents (10,059) (3,595)
Cash and cash equivalents at the beginning of the period 23,287 21,285
Cash and cash equivalents at the end of the period 13,228 17,690
Income and withholding taxes 3,934 6,073
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 351 71
Right-of-use assets obtained in the exchange for operating lease liabilities $ 457 $ 1,562