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Operating Expense (Tables)
12 Months Ended
Dec. 31, 2021
Analysis Of Income And Expense [Abstract]  
Summary of Operating Expenses

The table presents operating expenses by nature (in USD thousands):

 

 

For the year ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Changes in inventories of finished goods and work in progress

 

$

568

 

 

$

(259

)

 

$

729

 

Raw materials and consumables used

 

 

(9,650

)

 

 

(3,843

)

 

 

(3,180

)

Employee benefit expenses

 

 

(53,802

)

 

 

(36,732

)

 

 

(27,237

)

Social charges

 

 

(8,373

)

 

 

(6,983

)

 

 

(4,218

)

COVID—salaries reimbursement

 

 

 

 

 

1,129

 

 

 

 

Research tax credit

 

 

1,597

 

 

 

763

 

 

 

447

 

Share-based compensation

 

 

(8,514

)

 

 

(1,359

)

 

 

(717

)

Depreciation

 

 

(2,517

)

 

 

(1,758

)

 

 

(1,546

)

Amortization

 

 

(1,092

)

 

 

(632

)

 

 

(367

)

Professional fees

 

 

(11,318

)

 

 

(5,371

)

 

 

(5,357

)

Office expenses

 

 

(5,333

)

 

 

(2,006

)

 

 

(2,774

)

Travel

 

 

(1,576

)

 

 

(1,361

)

 

 

(4,416

)

Marketing

 

 

 

 

 

(972

)

 

 

(1,761

)

Licenses

 

 

(2,021

)

 

 

(1,647

)

 

 

(996

)

Less: capitalized software development costs ("Note 17 - Intangible assets”)

 

 

3,858

 

 

 

2,436

 

 

 

 

Other expense

 

 

(13,874

)

 

 

(7,099

)

 

 

(6,240

)

Total

 

$

(112,047

)

 

$

(65,694

)

 

$

(57,633

)

 

Summary of Depreciation and Amortization have Charged in Expense

Depreciation and amortization have been charged in the following expense categories (in USD thousands):

 

 

 

For the year ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

Depreciation

 

 

Amortization

 

 

Depreciation

 

 

Amortization

 

 

Depreciation

 

 

Amortization

 

Cost of revenue

 

$

 

 

$

(483

)

 

$

 

 

$

(111

)

 

$

 

 

$

 

Research and development costs

 

 

(1,028

)

 

 

 

 

 

(727

)

 

 

 

 

 

(624

)

 

 

 

Selling and marketing costs

 

 

(744

)

 

 

 

 

 

(543

)

 

 

 

 

 

(550

)

 

 

 

General and administrative costs

 

 

(745

)

 

 

(609

)

 

 

(488

)

 

 

(521

)

 

 

(372

)

 

 

(367

)

Total

 

$

(2,517

)

 

$

(1,092

)

 

$

(1,758

)

 

$

(632

)

 

$

(1,546

)

 

$

(367

)

Summary of Employee Benefit Expenses, Social Charges and Share-based Compensation from the Operating Expense

The table presents employee costs by function, which consists of “Employee benefit expenses”, “Social charges” and “Share-based compensation” from the operating expense table (in USD thousands):

 

 

 

For the year ended December 31,

 

 

2021

2020

2019

Research and development costs

 

$

23,899

 

 

$

16,109

 

 

$

10,622

 

 

Selling and marketing costs

 

 

21,659

 

 

 

12,085

 

 

 

10,579

 

 

General and administrative costs

 

 

25,131

 

 

 

16,880

 

 

 

10,244

 

 

Total

 

$

70,689

 

 

$

45,074

 

 

$

31,445