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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (32,030) $ (15,040) $ (9,348)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 7,352 5,575 4,312
Share-based compensation 9,165 8,000 5,198
Capital loss 0 0 18
Amortization of issuance costs of Convertible debt 171 0 0
Changes in operating assets and liabilities:      
Increase (decrease) in accrued severance pay, net 92 (58) 128
Decrease (increase) in other assets 775 1,006 (2,048)
Decrease in accrued interest and amortization of premium on available-for sale marketable securities 71 182 357
Decrease (increase) in operating lease right-of-use asset 3,126 (4,055) 1,910
Increase (decrease) in operating leases liability (3,131) 3,604 (2,323)
Decrease (increase) in trade receivables (11,629) (16,787) 8,323
Decrease (increase) in other receivables and prepaid expenses (55) 4,902 (7,272)
Decrease (increase) in inventories (2,170) 1,494 (1,918)
Decrease in long-term deferred taxes, net 0 420 96
Increase (decrease) in trade payables 7,721 1,848 (9,584)
Increase (decrease) in employees and payroll accruals (385) 458 2,047
Increase (decrease) in deferred revenues (9,970) 1,640 (5,182)
Increase (decrease) in other payables and accrued expenses (1,668) (1,559) 3,061
Net cash used in operating activities (32,565) (8,370) (12,225)
Cash flows from investing activities:      
Decrease (increase) in restricted deposits 430 (280) 32,896
Investment in short-term deposits (7,830) (13,495) (41,883)
Purchase of property and equipment (5,642) (7,642) (7,582)
Investment in available-for sale marketable securities 0 0 (1,219)
Proceeds from sales and maturity of available-for sale marketable securities 7,030 15,094 34,847
Acquisition (500) 0 0
Net cash provided by (used in) investing activities (6,512) (6,323) 17,059
Cash flows from financing activities:      
Proceeds from exercise of share options 251 2,811 1,835
Issuance of convertible debt 39,404 0 0
Net cash provided by financing activities 39,655 2,811 1,835
Increase (decrease) in cash and cash equivalents 578 (11,882) 6,669
Cash and cash equivalents at the beginning of the year 11,717 23,599 16,930
Cash and cash equivalents at the end of the year 12,295 11,717 23,599
Cash paid during the year for:      
Taxes 413 633 410
Non-cash activity:      
Right-of-use assets obtained in the exchange for operating lease liabilities $ 196 $ 6,746 $ 1,080