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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss after income tax $ (21,931) $ (16,153)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 403 345
Equity-settled stock-based compensation 1,703 1,500
Net foreign exchange losses/(gains) 219 (1,233)
Other items (18) (7)
Change in operating assets and liabilities:    
Accounts receivable, prepayments and other assets (324) (322)
Inventories 150 28
Accounts payable, accrued and other liabilities (1,691) 310
NET CASH USED IN OPERATING ACTIVITIES (21,489) (15,532)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of plant and equipment (248) (717)
Deferred proceeds from sale of distribution rights 1,358 0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,110 (717)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from share issues 618 1,815
Share issue transaction costs (1,161) (104)
Repayment of debt (547) (154)
Principal payments under finance lease obligations (1) (4)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (1,091) 1,553
Effect of exchange rate movements on cash, cash equivalents and restricted cash (33) 523
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Net change during the period (21,503) (14,173)
Balance at beginning of period 70,458 21,089
Balance at end of period 48,955 6,916
SUPPLEMENTAL CASH FLOW INFORMATION    
Operating cash flows relating to operating leases $ 258 $ 203