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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Income (loss) before tax $ 12,164 $ 10,752 $ (1,029)
Finance (income) expenses, net (772) 1,796 2,335
(Gains) losses on financial instruments valuation   (1,417) 94
Adjustments for non-cash items:      
Depreciation and amortization 2,401 2,227 2,226
Movements in credit loss allowance and write offs (97) 287 293
Other operating loss 70    
Share option charge 1,995 315  
Income tax paid (2,092) (642) (93)
Cash Flows From Used In Operations Before Changes In Working Capital, Total 13,669 13,318 3,826
Changes in working capital      
Trade and other receivables (549) (3,053) 511
Trade and other payables 877 629 (333)
Cash flows generated by operating activities 13,997 10,894 4,004
Cash flows from investing activities      
Acquisition of property and equipment (305) (46) (195)
Acquisition of intangible assets (5,269) (44) (1,526)
Cash flows used in investing activities (5,574) (90) (1,721)
Cash flows from financing activities      
Issue of ordinary shares and share warrants, net of underwriters fees 39,060 3,483 6,979
Issuance costs (3,150) (55) (157)
Proceeds from issuance of financial instruments   6,000 560
Financial instruments issuance costs   (89)  
Repayment of notes and bonds   (17,352) (4,480)
Interest paid (509) (1,656) (2,246)
Interest received     24
Warrants repurchased   (133)  
Principal paid on lease liability (225) (198) (175)
Interest paid on lease liability (188) (201) (189)
Cash flows generated by (used in) financing activities 34,988 (10,201) 316
Net movement in cash and cash equivalents 43,411 603 2,599
Cash and cash equivalents at beginning of year 8,225 6,992 4,423
Net foreign exchange differences on cash and cash equivalents (589) 630 (30)
Cash and cash equivalents at end of the year $ 51,047 $ 8,225 $ 6,992