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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 18,229 $ 13,890
Restricted cash 0 365
Short-term bank deposits 61,397 25,053
Investment in marketable securities 23,629 11,742
Trade receivables 0 61,000
Other accounts receivable and prepaid expenses 2,742 2,529
Total current assets 105,997 114,579
NON-CURRENT ASSETS:    
Restricted long-term bank deposits 343 0
Long-term prepaid expenses 1,888 1,233
Severance pay fund 3,072 2,977
Operating lease right of use asset 2,843 1,329
Property and equipment, net 852 1,216
Total non-current assets 8,998 6,755
Total assets 114,995 121,334
CURRENT LIABILITIES:    
Trade payables 1,838 3,502
Deferred revenues 9,632 11,149
Current maturity of operating lease liability 448 632
Accrued expenses 5,168 7,858
Employees and related accruals 3,074 3,125
Total current liabilities 20,160 26,266
NON- CURRENT LIABILITIES:    
Deferred revenues 34,045 25,392
Operating lease liability 2,464 719
Accrued severance pay 3,412 3,398
Total non-current liabilities 39,921 29,509
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:    
Ordinary shares of NIS 0.01 par value: 200,000,000 shares authorized at December 31, 2024 and 2023; 89,541,246 and 89,237,465 shares issued and outstanding at December 31, 2024 and 2023, respectively. 248 247
Additional paid-in capital 543,413 539,837
Accumulated other comprehensive income 11 2
Accumulated deficit (488,758) (474,527)
Total shareholders’ equity 54,914 65,559
Total liabilities and shareholders’ equity $ 114,995 $ 121,334