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INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (9,390) $ (18,615)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,633 1,782
Depreciation 238 237
Amortization of discount on marketable securities (796) (13)
Realized gain on sale of marketable securities, net 0 (2)
Increase in severance pay, net 6 3
Exchange rate differences loss (gain) on cash balances 12 44
Decrease in operating lease right of use asset 332 290
Increase in interest receivables and exchange differences on short-term bank deposits (299) (140)
Decrease in trade receivables 56,000 0
Increase in other accounts receivable and prepaid expenses (2,267) (448)
Decrease (increase) in long-term prepaid expenses 311 (13)
Decrease in trade payables (1,137) (85)
Decrease in other accounts payable and accrued expenses (293) (894)
Decrease in operating lease liability (386) (394)
Decrease in deferred revenues (4,261) 0
Decrease in deferred participation in R&D expenses 0 (325)
Net cash provided by (used in) operating activities 39,703 (18,573)
Cash flows from investing activities:    
Proceeds from maturity of short-term bank deposits 25,011 51,350
Investment in short-term bank deposits (47,086) (23,220)
Proceeds from maturity of marketable securities 15,825 1,000
Investment in marketable securities (36,000) (5,536)
Purchase of property and equipment (37) (63)
Net cash provided by (used in) investing activities (42,287) 23,531
Cash flows from financing activities:    
Proceeds from issuance of ordinary shares, net 562 1,351
Proceeds from exercise of options 1 0
Net cash provided by financing activities 563 1,351
Effect of exchange rate changes on cash (12) (44)
Increase (decrease) in cash, cash equivalents and restricted cash (2,033) 6,265
Cash, cash equivalents and restricted cash at the beginning of the period 13,910 11,421
Cash, cash equivalents and restricted cash at the end of the period 11,877 17,686
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment 13 (8)
Right-of-use asset obtained in exchange for operating lease liability 2,064 70
Issuance expenses $ 0 $ 197