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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income $ 22,251 $ 22,296 $ 6,901
Adjustments to the profit or loss items:      
Depreciation and amortization 4,519 3,703 3,523
Financial expense (income), net (197) (1,082) 274
Cost of share-based payment 1,163 948 483
Taxes on income 730 (1,955) 269
Loss (gain) from sale of property and equipment (2) 55 (52)
Change in employee benefit liabilities, net 94 (16) 166
Adjustments to the profit or loss items 6,307 1,653 4,663
Changes in asset and liability items:      
Decrease (increase) in trade receivables, net 5,117 2,311 (9,967)
Decrease (increase) in other accounts receivables (214) (1,336) 328
Decrease (increase) in inventories (13,857) (8,246) 4,524
Decrease in deferred expenses 399 235 594
Increase (decrease) in trade payables 6,259 (1,116) (838)
Increase (decrease) in other accounts payables 863 (658) 71
Decrease in deferred revenues (283) (5,256) (2,930)
Total Changes in asset and liability (1,716) (14,066) (8,218)
Cash paid during the year for:      
Interest paid (243) (54) (21)
Interest received 1,106 739 399
Taxes paid (134) (22) (116)
Cash received (paid) during the year 729 663 262
Net cash provided by operating activities 27,571 10,546 3,608
Cash Flows from Investing Activities      
Investment in short term investments, net 1,727 (2,322) (11,501)
Purchase of property and equipment and intangible assets (2,300) (2,884) (4,167)
Proceeds from sale of property and equipment 9 30 60
Net cash used in investing activities (564) (5,176) (15,608)
Cash Flows from Financing Activities      
Proceeds from exercise of share base payments 16 9 3
Receipt of long-term loans 279
Repayment of lease liabilities (1,070) (136) (111)
Repayment of long-term loans (476) (460) (419)
Proceeds from issuance of ordinary shares, net 15,568
Net cash provided by (used in) financing activities (1,530) (587) 15,320
Exchange differences on balances of cash and cash equivalent (908) 629 (607)
Increase in cash and cash equivalents 24,569 5,412 2,713
Cash and cash equivalents at the beginning of the year 18,093 12,681 9,968
Cash and cash equivalents at the end of the year 42,662 18,093 12,681
Significant non-cash transactions      
Right-of-use asset recognized with corresponding lease liability 5,035 282
Purchase of property and equipment $ 992 $ 720 $ 1,681