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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 8,312 $ (14,927) $ (27,582)
Adjustments required to reconcile net income (loss) to net cash used in operating activities:      
Share-based compensation 3,448 2,085 2,375
Depreciation 1,191 1,086 1,118
Financial income, net (446) (989) 417
Changes in accrued liability for employee rights upon retirement 3 (543) 133
Changes in deferred tax asset (3,092) 0 0
Loss (gain) on amounts funded in respect of employee rights upon retirement (50) 3 (100)
Loss (gain) on sale of fixed assets 9 0 (51)
Loss on extinguishment of convertible notes 0 0 831
Gain on conversions of convertible notes (421) 0 0
Amortization of debt issuance costs and debt discount 267 300 2,673
Changes in operating assets and liabilities:      
Increase (decrease) in contracts liability (13,178) (7,162) 13,230
Increase in accounts receivable-trade and other assets (428) (1,194) (1,032)
Changes in operating lease right of use assets, net 13 (5) 241
Decrease (increase) in inventories (2,241) 1,150 (4,872)
Increase (decrease) in accounts payable and accruals 5,295 (4,804) 2,385
Decrease in other long term liabilities 0 0 (51)
Net cash used in operating activities (1,318) (25,000) (10,285)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in bank deposits (20,420) (16,000) (37,835)
Proceeds from sale of short-term deposits 5,000 11,000 57,835
Purchase of property and equipment (1,149) (628) (1,459)
Proceeds from sale of property and equipment 0 0 53
Decrease in restricted deposit 0 0 436
Amounts paid (funded) in respect of employee rights upon retirement, net (142) 593 (109)
Net cash provided by (used in) investing activities (16,711) (5,035) 18,921
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for convertible notes redemption and transactions costs 0 0 (30,036)
Payment for promissory note 0 0 (4,086)
Proceeds from issuance of common stock and warrants, net 0 0 37,625
Proceeds from issuance of common stock under the Sales Agreement, net 23,954 8,236 8,575
Exercise of warrants 712 2 0
Net cash provided by financing activities 24,666 8,238 12,078
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (114) (77) 6
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,523 (21,874) 20,720
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 17,111 38,985 18,265
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 23,634 17,111 38,985
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:      
Purchase of property and equipment 614 143 94
Operating lease right of use assets obtained in exchange for new operating lease liabilities 1,567 794 309
Convertible notes conversions 7,783    
Partial settlement of liability for employee rights upon retirement through transfer of the related funds 882    
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS      
Interest paid 2,742 2,198 3,410
Interest received $ 355 $ 93 $ 379