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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 2,932 $ 8,312 $ (14,927)
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Share-based compensation 3,253 3,448 2,085
Depreciation 1,304 1,191 1,086
Financial income, net 310 (446) (989)
Changes in accrued liability for employee rights upon retirement (151) 3 (543)
Changes in deferred income tax asset 236 (3,092) 0
Loss (gain) on amounts funded in respect of employee rights upon retirement (18) (50) 3
Loss (gain) on sale of fixed assets (3) 9 0
Gain on conversions of convertible notes 0 (421) 0
Amortization of debt issuance costs and debt discount 0 267 300
Changes in operating assets and liabilities:      
Decrease in contracts liability 0 (13,178) (7,162)
Decrease (increase) in accounts receivable-trade and other assets 2,317 (428) (1,194)
Changes in operating lease right of use assets, net (4) 13 (5)
Decrease (increase) in inventories (2,198) (2,241) 1,150
Increase (decrease) in accounts payable and accruals 696 5,295 (4,804)
Net cash provided by (used in) operating activities 8,674 (1,318) (25,000)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in bank deposits (15,000) (20,420) (16,000)
Short-term deposit withdrawal 20,420 5,000 11,000
Purchase of property and equipment (1,282) (1,149) (628)
Proceeds from sale of property and equipment 3 0 0
Amounts paid (funded) in respect of employee rights upon retirement, net 80 (142) 593
Net cash provided by (used in) investing activities 4,221 (16,711) (5,035)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for convertible notes redemption (20,420) 0 0
Proceeds from issuance of common stock under the Sales Agreement, net 3,626 23,954 8,236
Exercise of warrants 0 712 2
Net cash provided by (used in) financing activities (16,794) 24,666 8,238
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 25 (114) (77)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,874) 6,523 (21,874)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 23,634 17,111 38,985
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 19,760 23,634 17,111
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:      
Purchase of property and equipment 254 614 143
Operating lease right of use assets obtained in exchange for new operating lease liabilities 376 1,567 794
Convertible notes conversions 0 7,783  
Partial settlement of liability for employee rights upon retirement through transfer of the related funds 0 882  
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS      
Tax paid 385    
Interest paid 1,532 2,742 2,198
Interest received $ 1,487 $ 355 $ 93