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CONSOLIDATED STATEMENT OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Cash flows from operating activities:      
Net loss $ (505,330) $ (67,713) $ (12,195)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 484 166 82
Share-based compensation 448,077 52,763 7,046
Financial income with respect to convertible loan, net 0 0 (1,645)
Remeasurement of warrant liability (11,024) 0 0
Transaction costs related to warrants 2,887 0 0
Decrease (increase) in inventory 271 107 (111)
Decrease (increase) in trade receivables 55 (20) 21
Increase in other accounts receivable and prepaid expenses (12,859) (137) (89)
Increase (decrease) in deferred revenues 943 (10) (270)
Increase in trade payables 3,782 368 332
Increase in other accounts payable and accrued expenses 13,450 1,396 2
Other 125 18 1
Net cash used in operating activities (59,139) (13,062) (6,826)
Cash flows from investing activities:      
Proceeds from (investments in) bank deposits 1,667 (1,667) 0
Purchase of property and equipment (2,415) (595) (162)
Net cash used in investing activities (748) (2,262) (162)
Cash flows from financing activities:      
Proceeds from issuance of Preferred shares, net 0 25,825 18,680
Proceeds from exercise of warrants to preferred shares 2,907 7,085 0
Proceeds from convertible loan 0 0 2,000
Receivables on account of shares 0 0 89
Proceeds from SPAC merger and PIPE financing, net of transaction costs 287,579 0 0
Proceeds from exercise of options 809 209 305
Net cash provided by financing activities 291,295 33,119 21,074
Increase in cash, cash equivalents and restricted cash 231,408 17,795 14,086
Cash, cash equivalents and restricted cash at beginning of year 45,507 27,712 13,626
Cash, cash equivalents and restricted cash at end of period 276,915 45,507 27,712
Non-cash activity:      
Deferred transaction costs 0 328 0
Purchase of property and equipment included in accounts payable or accrued 114 61 0
Recognition of beneficial conversion feature on convertible loan 0 0 355
Supplemental cash flow:      
Cash received for interest 394 457 187
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 275,772 44,707 27,619
Restricted cash 138 800 93
Non-current restricted cash 1,005 0 0
Total cash, cash equivalents and restricted cash $ 276,915 $ 45,507 $ 27,712