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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:        
Comprehensive loss $ (11,711) $ (29,121) $ (32,239) $ (51,984)
Adjustments in respect of income and expenses not involving cash flow:        
Share-based compensation to employees and service providers 618 5,274 2,924 6,146
Depreciation 617 465 1,154 957
Amortization and impairment of intangible assets 1,299 1,830 2,900 3,657
Non-cash interest expenses related to borrowing and payable in respect of intangible assets purchase (310) 1,217 2,813 3,856
Fair value (gains) on derivative financial instruments (1,981)   (1,981)  
Fair value losses on financial assets at fair value through profit or loss       6
Issuance cost in respect of warrants 334   334  
Exchange differences and revaluation of bank deposits (67) 17 (63) 63
Total adjustments in respect of income and expenses not involving cash flow 510 8,803 8,081 14,685
Changes in assets and liability items:        
Increase in trade receivables (7,821) (6,792) (2,078) (1,443)
Decrease (increase) in prepaid expenses and other receivables 718 (199) 1,872 1,229
Decrease (increase) in inventories 2,553 507 3,091 (2,237)
Increase (decrease) in accounts payable (1,333) 6,770 (7,291) 1,753
Increase (decrease) in accrued expenses and other liabilities (2,198) (2,284) (684) (920)
Increase in allowance for deductions from revenue 2,701 3,418 8,512 7,753
Total changes in assets and liability items (5,380) 1,420 3,422 6,135
Net cash used in operating activities (16,581) (18,898) (20,736) (31,164)
INVESTING ACTIVITIES:        
Purchase of fixed assets (163) (3) (176) (91)
Change in investment in current bank deposits   (3,500) 8,500 (3,500)
Proceeds from sale of financial assets at fair value through profit or loss       475
Net cash (used in) provided by investing activities (163) (3,503) 8,324 (3,116)
FINANCING ACTIVITIES:        
Proceeds from issuance of ordinary shares and warrants, net of issuance costs 15,508 273 16,221 58,214
Exercise of options into ordinary shares   114   3,341
Repayment of payable in respect of intangible asset purchase (236) (1,754) (5,778) (3,879)
Payment of principal with respect to lease liabilities (355) (402) (470) (785)
Net cash provided by (used in) financing activities 14,917 (1,769) 9,973 56,891
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,827) (24,170) (2,439) 22,612
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS (32) 14 (47) (91)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 28,847 75,972 29,474 29,295
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 26,988 51,816 26,988 51,816
SUPPLEMENTARY INFORMATION ON INTEREST RECEIVED IN CASH   52 11 71
SUPPLEMENTARY INFORMATION ON INTEREST PAID IN CASH $ 4,511 $ 3,026 5,283 $ 5,016
SUPPLEMENTARY INFORMATION ON NON-CASH INVESTING AND FINANCING ACTIVITIES:        
Acquisition of right-of-use assets by means of lease liabilities     $ 4,767