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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 16,208 $ (7,620)
Adjustments required to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation 984 1,124
Depreciation 573 538
Financial income, net (mainly exchange differences) (152) (952)
Changes in accrued liability for employee rights upon retirement 36 (449)
Changes in deferred tax asset (3,130)  
Loss (gain) on amounts funded in respect of employee rights upon retirement (27) 16
Gain on conversions of convertible notes (421)  
Amortization of debt issuance costs and debt discount 148 146
Changes in operating assets and liabilities:    
Decrease in contracts liability (13,178) (2,644)
Decrease in accounts receivable-trade and other assets 119 76
Changes in operating lease right of use assets, net 3 (3)
Decrease (increase) in inventories (2,831) 1,447
Increase (decrease) in accounts payable and accruals 3,643 (4,864)
Net cash provided by (used in) operating activities 1,975 (13,185)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in bank deposits   (16,000)
Proceeds from sale of short-term deposits 5,000  
Purchase of property and equipment (452) (357)
Amounts paid (funded) in respect of employee rights upon retirement, net (38) 457
Net cash provided by (used in) investing activities 4,510 (15,900)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under the Sales Agreement, net 23,954 2,641
Exercise of warrants 712 2
Net cash provided by financing activities 24,666 2,643
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (78) (51)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 31,073 (26,493)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 17,111 38,985
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF PERIOD 48,184 12,492
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:    
Purchase of property and equipment 348 81
Operating lease right of use assets obtained in exchange for new operating lease liabilities 1,079 99
Convertible notes conversions 7,783  
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS    
Interest paid 1,977 1,120
Interest received $ 78 $ 93