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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (26,534) $ (19,635) $ (25,934)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,099 1,093 1,038
Stock-based compensation 9,869 5,329 2,864
Exchange rate differences (496) (2,821) (429)
Interest from short-term deposits 87 524 188
Change in fair value of warrant liability   109  
Change in fair value of Forfeiture Shares 173    
Equity in earnings of investee, net of dividend received 18 11 2
Changes in operating assets and liabilities:      
Trade accounts receivable 1,584 (944) 2,457
Prepaid expenses (4,583) (902) 304
Other current assets (703) 161 (161)
Inventories (6,163) (449) (1,728)
Long-term assets (411) (1) (119)
Trade accounts payable 2,633 (1,470) (545)
Accrued compensation 633 (1,555) 158
Other current liabilities 1,184 944 243
Other long-term liabilities 1   45
Net cash used in operating activities (21,609) (19,606) (21,617)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in short-term deposits (121,947) (86,861) (90,000)
Maturities in short-term deposits 39,227 116,036 102,000
Purchase of property and equipment (1,443) (861) (1,431)
Net cash provided by (used in) investing activities (84,163) 28,314 10,569
CASH FLOWS FROM FINANCING ACTIVITIES -      
Proceeds from Transactions related to the Merger, net 134,185    
Exercise of options 1,246 406 132
Net cash provided by financing activities 135,431 406 132
Effect of exchange rate changes on cash and cash equivalents 816 1,646 429
INCREASE IN CASH AND CASH EQUIVALENTS 30,475 10,760 (10,487)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 26,316 15,556 26,043
CASH AND CASH EQUIVALENTS AT END OF YEAR 56,791 26,316 15,556
SUPPLEMENT DISCLOSURE OF CASH FLOW INFORMATION -      
Cash paid for taxes 417 $ 139 $ 433
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Trade accounts payable on account of property and equipment 44    
Unpaid issuance costs 41    
Conversion of Redeemable Convertible Preferred Shares 150,179    
Issuance of Forfeiture Shares $ 4,485