XML 10 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 40,997 $ 35,423
Short-term deposits 71,543 95,532
Restricted short-term deposit 1,153 1,138
Trade accounts receivable 9,551 7,751
Prepaid expenses and other current assets 2,597 3,904
Inventories 10,858 10,155
TOTAL CURRENT ASSETS 136,699 153,903
LONG-TERM ASSETS:    
Property and equipment, net 3,498 3,555
Operating lease right-of-use assets 7,253 7,458
Intangible assets 4,467 4,702
Goodwill 1,847 1,847
Other assets 798 687
TOTAL LONG-TERM ASSETS 17,863 18,249
TOTAL ASSETS 154,562 172,152
CURRENT LIABILITIES:    
Trade accounts payable 4,279 6,003
Accrued compensation 3,286 4,964
Current maturities of operating leases liabilities 1,057 975
Other current liabilities 8,257 8,384
TOTAL CURRENT LIABILITIES 16,879 20,326
LONG-TERM LIABILITIES:    
Forfeiture shares, no par value: 359,375 shares authorized, issued and outstanding as of March 31, 2025 and December 31, 2024 1 1
Non-current operating leases liabilities 6,412 6,645
Earnout liability 2,587 2,413
Other long-term liabilities 76 79
TOTAL LONG-TERM LIABILITIES 9,076 9,138
TOTAL LIABILITIES 25,955 29,464
COMMITMENTS AND CONTINGENT LIABILITIES (note 5)  
SHAREHOLDERS’ EQUITY:    
Ordinary shares, no par value: 700,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 108,748,488 and 107,614,972 shares issued and 104,892,547 and 106,342,415 shares outstanding as of March 31, 2025 and December 31, 2024, respectively (excluding 359,375 Ordinary shares subject to forfeiture) 49 49
Treasury shares at cost: 3,855,941 and 625,682 shares as of as of March 31, 2025, and as of December 31, 2024, respectively (11,198) (1,613)
Additional paid-in capital 361,924 357,570
Accumulated other comprehensive income 59 601
Accumulated deficit (222,227) (213,919)
TOTAL SHAREHOLDERS’ EQUITY 128,607 142,688
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 154,562 $ 172,152