XML 20 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 14,356 $ (11,187)
Adjustments required to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation 2,081 1,546
Depreciation 878 811
Financial income, net (mainly exchange differences) (511) (1,083)
Changes in accrued liability for employee rights upon retirement (50) (391)
Changes in deferred tax asset (3,092)  
Loss (gain) on amounts funded in respect of employee rights upon retirement (49) 6
Gain on conversions of convertible notes (421)  
Amortization of debt issuance costs and debt discount 208 224
Changes in operating assets and liabilities:    
Decrease in contracts liability (13,178) (5,547)
Increase in accounts receivable-trade and other assets (4,188) (5,692)
Changes in operating lease right of use assets, net 12 (30)
Decrease (increase) in inventories (4,779) 3,392
Increase (decrease) in accounts payable and accruals 3,820 (4,438)
Net cash used in operating activities (4,913) (22,389)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in bank deposits (20,420) (16,000)
Proceeds from sale of short-term deposits 5,000 6,000
Purchase of property and equipment (899) (415)
Amounts paid (funded) in respect of employee rights upon retirement, net (50) 427
Net cash used in investing activities (16,369) (9,988)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under the Sales Agreement, net 23,954 4,161
Exercise of warrants 712 2
Net cash provided by financing activities 24,666 4,163
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (87) (51)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,297 (28,265)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 17,111 38,985
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 20,408 10,720
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Purchase of property and equipment 253 205
Operating lease right of use assets obtained in exchange for new operating lease liabilities 1,395 396
Convertible notes conversions 7,783  
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS    
Interest paid 2,743 2,198
Interest received $ 303 $ 136