XML 12 R5.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:        
Net Loss $ (20,732) $ (6,233) $ (32,094) $ (12,360)
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation 1,327 1,332 2,647 2,746
Stock-based compensation 2,425 2,169 5,893 4,706
Amortization of intangible assets 277 235 553 470
Increase in accrued severance pay, net 13 26 73 20
Decrease (Increase) in other assets 168 19 (194) 436
Decrease (Increase) in accrued interest and amortization of premium on marketable securities (166) 16 (147) 48
Changes in operating leases, net 290 (191) (93) (563)
Decrease (Increase) in trade receivables 10,403 (4,082) 14,889 (4,807)
Decrease (Increase) in other receivables and prepaid expenses 300 141 1,161 (893)
Decrease (Increase) in inventories (1,645) 591 (5,098) (1,164)
Decrease in trade payables (2,941) (1,433) (2,202) (937)
Increase (Decrease) in employees and payroll accruals (1,042) 523 (2,494) (1,963)
Increase (Decrease) in deferred revenues 870 287 (1,299) 1,129
Decrease in other payables, accrued expenses and other long term liabilities (923) (1,252) (1,824) (1,523)
Amortization of issuance costs of Convertible debt 49 49 98 71
Net cash used in operating activities (11,327) (7,803) (20,131) (14,584)
Cash flows from investing activities:        
Decrease (Increase) in restricted deposit (224) 260 (224) 380
Redemption of (Investment in) short-term deposits 21,700 520 38,700 (25,180)
Purchase of property and equipment (290) (1,281) (560) (2,556)
Investment in available-for sale marketable securities (9,584) 0 (18,567) 0
Proceeds from redemption or sale of available-for sale marketable securities 590 2,872 3,960 6,030
Net cash provided by (used in) investing activities 12,192 2,371 23,309 (21,326)
Cash flows from financing activities:        
Proceeds from exercise of stock options 0 15 0 250
Issuance of convertible debt 0 0 0 39,404
Net cash provided by financing activities 0 15 0 39,654
Increase (Decrease) in cash and cash equivalents 865 (5,417) 3,178 3,744
Cash and cash equivalents at the beginning of the period 14,608 20,878 12,295 11,717
Cash and cash equivalents at the end of the period $ 15,473 $ 15,461 $ 15,473 $ 15,461