XML 33 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (16,800) $ (64,351) $ (79,065)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 13,047 14,700 13,565
Restructuring and other charges 1,172 19,080 708
Fair value of warrants deducted from revenues 3,273 13,842 22,500
Share based compensation 21,756 22,589 22,649
Amortization of premium and accretion of discount on marketable securities, net (389) 756 1,820
Realized loss (gain) on sale of marketable securities (164) 134 10
Change in operating assets and liabilities:      
Trade receivables, net 28,173 (19,220) (15,891)
Inventories, net 3,005 11,028 (29,004)
Deposits and other long-term assets (2,333) (2,282) (4,251)
Prepaid expenses and other current assets 2,832 (6,492) (8,635)
Deferred taxes (544) 8,530
Decrease in operating leases right-of-use assets 4,280 5,173 182
Decrease in operating lease liabilities (4,782) (5,352) (3,100)
Trade payables 2,150 (6,491) (26,948)
Employees and payroll accruals 2,456 (1,089) (7,674)
Deferred revenues and customers’ advances 181 (4,990) (1,426)
Accrued expenses and other current liabilities (9,020) (10,547) 6,482
Accrued severance pay, net (52) (152) (237)
Other non-current liabilities (60) (474) 13
Loss from sale and disposal of property, plant and equipment 425
Net cash provided by (used in) operating activities 48,725 (34,682) (99,347)
Cash flows from investing activities:      
Purchase of property, plant and equipment (15,140) (7,006) (18,042)
Acquisition of intangible assets and capitalization of software development costs (308)
Proceeds from sale of property, plant and equipment 71
Investment in equity securities (820)
Cash paid in connection with acquisition, net of cash acquired (14,654)
Proceeds from (investment in) short-term bank deposits, net 29,666 39,433 (265,865)
Proceeds from sale of marketable securities 22,994 7,240 1,945
Proceeds from maturity of marketable securities 56,641 20,522 27,898
Investment in marketable securities (62,673) (33,977) (137,500)
Net cash provided by (used in) investing activities 31,488 26,212 (407,275)
Cash flows from financing activities:      
Exercise of employee stock options 716 293 619
Payment of withholding taxes related to exercise of share-based awards (1,476) (1,045) (951)
Repurchase of ordinary shares (84,055) (55,770)
Net cash used in financing activities (84,815) (56,522) (332)
Decrease in cash and cash equivalents (4,602) (64,992) (506,954)
Cash and cash equivalents at the beginning of the period 39,605 104,597 611,551
Cash and cash equivalents at the end of the period 35,003 39,605 104,597
Supplemental disclosure of cash flow information      
Cash paid during the year for income taxes 1,841 1,947 13,171
Non-cash investing and financing activities:      
Purchase of property, plant and equipment 247 314 1,692
Inventory transferred to be used as property, plant and equipment, net, and equipment on lease 4,732 531 6,792
Property, plant and equipment transferred to be used as inventory 367 865
Right-of-use asset recognized with corresponding lease liability $ (448) $ 2,934 $ 7,585