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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Loss before tax $ (73,507) $ (41,225) $ (33,629)
Adjustments for non-monetary items      
Depreciation 2,517 1,758 1,546
Amortization 1,092 632 367
Interest expense 658 1,224 1,073
Interest income (20) (96) (86)
Gain on TriplePoint success fee (430)    
Expected credit loss allowance (988) 763 872
Share-based compensation 8,514 1,359 717
Intangible assets write-off 30 226  
Movements in provisions, pensions, and government grants (23) 1,203 580
Research tax credit (1,597) (763) (447)
Loss on disposal of property and equipment 22    
Working capital changes      
(Increase) decrease in accounts receivable 1,806 1,118 (4,352)
(Increase) decrease in prepaids and other assets (2,330) 2,347 (2,009)
(Increase) decrease in inventory (2,336) 536 (862)
Increase (decrease) in accounts payables, accrued expenses, deferred contract revenue, and other liabilities 8,980 (185) 5,603
Cash used in operating activities      
Income tax received (paid) (55) 153 (252)
Interest paid (286) (855) (837)
Interest received 14 75 36
Net cash flows used in operating activities (57,939) (31,730) (31,680)
Investing activities      
Purchase of property and equipment (2,683) (450) (1,355)
Acquisition of intangible assets (130) (318) (1,678)
Capitalized development costs (3,858) (2,436)  
Proceeds upon maturity of term deposits and short-term investments 21,878    
Purchase of term deposits and short-term investments (72,141) (21,119)  
Net cash flow used in investing activities (56,934) (24,323) (3,033)
Financing activities      
Proceeds from exercise of share options 4,527 1,072 1,760
Proceeds from issuance of share capital, net of transaction costs   107,643  
Proceeds from initial public offering, net of transaction costs 211,663    
Proceeds from greenshoe, net of transaction costs 8,488    
Proceeds from private placement, net of transaction costs 19,648    
Payment of TriplePoint success fee (2,468)    
Proceeds from borrowings   15,839  
Repayments of borrowings (3,167) (16,529) (1,967)
Payments of principal portion of lease liabilities (918) (980) (816)
Net cash flow provided from (used in) financing activities 237,773 107,045 (1,023)
Increase (decrease) in cash and cash equivalents 122,900 50,992 (35,736)
Effect of exchange differences on cash balances (4,563) 5,564 (102)
Cash and cash equivalents at beginning of the year 74,625 18,069 53,907
Cash and cash equivalents at end of the year $ 192,962 $ 74,625 $ 18,069