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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (62,804) $ (32,030) $ (15,040)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, amortization and impairment 8,132 7,352 5,575
Share-based compensation 8,845 9,165 8,000
Amortization of issuance costs of Convertible debt 198 171 0
Changes in operating assets and liabilities:      
Increase (decrease) in severance pay, net 116 92 (58)
Decrease in other assets, other receivables and prepaid expenses 621 720 5,908
Decrease (increase) in accrued interest and amortization of premium on available-for sale marketable securities (712) 71 182
Decrease (increase) in operating lease right-of-use asset 2,686 3,126 (4,055)
Increase (decrease) in operating leases liability (3,322) (3,131) 3,604
Decrease (increase) in trade receivables 34,273 (11,629) (16,787)
Decrease (increase) in inventories 1,388 (2,170) 1,494
Decrease in long-term deferred taxes, net 0 0 420
Increase (decrease) in trade payables (10,692) 7,721 1,848
Increase (decrease) in employees and payroll accruals (1,571) (385) 458
Increase (decrease) in deferred revenues (5,781) (9,970) 1,640
Decrease in other payables and accrued expenses (1,113) (1,668) (1,559)
Net cash used in operating activities (29,736) (32,565) (8,370)
Cash flows from investing activities:      
Decrease (increase) in restricted deposits (836) 430 (280)
Investment in short-term bank deposits (15,900) (130,050) (82,220)
Withdrawal of short-term bank deposits 74,665 122,220 68,725
Purchase of property and equipment (2,489) (5,642) (7,642)
Investment in available-for sale marketable securities (46,742) 0 0
Proceeds from sales and maturity of available-for sale marketable securities 22,935 7,030 15,094
Acquisition 0 (500) 0
Net cash provided by (used in) investing activities 31,633 (6,512) (6,323)
Cash flows from financing activities:      
Proceeds from exercise of share options 0 251 2,811
Issuance of convertible debt 0 39,404 0
Net cash provided by financing activities 0 39,655 2,811
Increase (decrease) in cash and cash equivalents 1,897 578 (11,882)
Cash and cash equivalents at the beginning of the year 12,295 11,717 23,599
Cash and cash equivalents at the end of the year 14,192 12,295 11,717
Cash paid during the year for:      
Taxes 385 413 633
Non-cash activity:      
Right-of-use assets obtained in the exchange for operating lease liabilities $ 356 $ 196 $ 6,746