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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (14,927) $ (27,582) $ (6,523)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Share-based compensation 2,085 2,375 3,126
Depreciation 1,086 1,118 1,302
Financial (income) expenses, net (mainly exchange differences) (989) 417 171
Changes in accrued liability for employee rights upon retirement (543) 133 (494)
Loss (gain) on amounts funded in respect of employee rights upon retirement 3 (100) (28)
Gain on sale of fixed assets 0 (51) 0
Loss on extinguishment of convertible notes 0 831 0
Amortization of debt issuance costs and debt discount 300 2,673 3,470
Changes in operating assets and liabilities:      
Increase (decrease) in contracts liability (including non-current portion) (7,162) 13,230 (26,205)
Decrease (increase) in accounts receivable-trade and other assets (1,194) (1,032) 2,091
Changes in operating lease right of use assets, net (5) 241 95
Decrease (increase) in inventories 1,150 (4,872) (4,927)
Increase (decrease) in accounts payable and accruals (4,804) 2,385 2,274
Decrease in other long term liabilities 0 (51) (458)
Net cash used in operating activities (25,000) (10,285) (26,106)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in bank deposits (16,000) (37,835) (20,000)
Proceeds from sale of short-term deposits 11,000 57,835 0
Purchase of property and equipment (628) (1,459) (655)
Proceeds from sale of property and equipment 0 53 0
Decrease in restricted deposit 0 436 384
Amounts paid (funded) in respect of employee rights upon retirement, net 593 (109) 319
Net cash provided by (used in) investing activities (5,035) 18,921 (19,952)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for convertible notes redemption and transactions costs 0 (30,036) 0
Payment for promissory note 0 (4,086) (215)
Proceeds from issuance of common stock and warrants, net 0 37,625 41,343
Proceeds from issuance of common stock under the Sales Agreement, net 8,236 8,575 4,867
Exercise of warrants 2 0 472
Net cash provided by investing activities 8,238 12,078 46,467
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (77) 6 64
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (21,874) 20,720 473
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 38,985 18,265 17,792
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 17,111 38,985 18,265
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:      
Purchase of property and equipment 143 94 317
Operating lease right of use assets obtained in exchange for new operating lease liabilities 794 309 632
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS      
Interest paid 2,198 3,410 4,344
Interest received $ 93 $ 379 $ 438