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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 145,973 $ 128,709
Restricted cash   5,137
Short-term deposits 35,592 108,928
Trade receivables (net of allowance for doubtful accounts of $1,040 and $616 as of December 31, 2021 and December 31, 2020, respectively) 67,505 66,324
Prepaid expenses and other current assets 12,818 7,439
Contract acquisition costs 4,813 2,979
Inventories 6,511 4,754
Total current assets 273,212 324,270
Non-current assets    
Other non-current assets 1,958 565
Deferred tax assets, net 9,800 7,372
Property and equipment, net 16,756 16,106
Intangible assets, net 11,228 6,611
Goodwill 26,829 9,463
Total non-current assets 66,571 40,117
Total assets 339,783 364,387
Current liabilities    
Trade payables 9,546 4,727
Other accounts payable and accrued expenses 54,044 49,112
Deferred revenues 122,983 105,543
Total current liabilities 186,573 159,382
Long-term liabilities    
Liability for employees’ severance benefits 375 366
Other long term liabilities 9,162 6,191
Deferred revenues 36,426 33,439
Restricted Sponsor Shares liability 44,712  
Price Adjustment Shares liability 79,404  
Derivative warrant liabilities 56,478  
Total long-term liabilities 226,557 39,996
Total liabilities 413,130 199,378
Liens, commitments and contingencies
Redeemable convertible preferred shares, NIS 0.00001 par value; 39,779,261 shares authorized, issued and outstanding as of December 31, 2020. Aggregate liquidation preference of $134,411, as of December 31, 2020 [1] 101,205
Shareholders’ equity (deficiency)    
Share capital, NIS 0.00001 par value; 3,454,112,863 shares authorized and 187,680,294 and 124,671,507 shares issued and outstanding as of December 31, 2021 and 2020, respectively [1],[2]
Additional paid-in capital (153,072) 34,226
Treasury stock, NIS 0.00001 par value; 43,540 ordinary shares [1] (85) (85)
Accumulated other comprehensive income 1,372 1,321
Retained earnings 78,438 28,342
Total Shareholders’ equity (deficiency) (73,347) 63,804
Total liabilities, redeemable convertible preferred shares and shareholders’ equity $ 339,783 $ 364,387
[1] Prior period results have been retroactively adjusted to reflect the 1:1.0422 reverse stock split effected on August 30, 2021. See also Note 12, Shareholders’ Equity, for details.
[2] Less than US$ 1.