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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (4,872) $ (1,696)
Adjustments required to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 742 780
Amortization of intangible assets 677 1,167
Equity-based compensation 3,859 3,389
Realized gain on sale of available-for-sale marketable securities (92) 0
Amortization of premiums on available-for-sale marketable securities 23 123
Unrealized foreign exchange (gain) loss (285) 154
Remeasurement of marketable equity securities 117 1,131
Changes in operating assets and liabilities:    
Trade receivables (3,802) 3,944
Prepaid expenses and other assets (2,205) (3,034)
Operating lease right-of-use assets 249 425
Accrued interest on bank deposits (125) (9)
Deferred tax, net (880) (991)
Trade payables (412) 736
Deferred revenues 838 70
Accrued expenses and other payables 357 92
Accrued payroll and related benefits 702 3,710
Operating lease liability (275) (454)
Accrued severance pay, net 308 287
Net cash provided by (used in) operating activities (5,076) 9,824
Cash flows from investing activities:    
Purchase of property and equipment (105) (909)
Proceeds from bank deposits 0 1,385
Investment in available-for-sale marketable securities 0 (8,789)
Proceeds from maturity of available-for-sale marketable securities 1,750 3,500
Proceeds from sale of available-for-sale marketable securities 4,895 0
Net cash provided by (used in) investing activities 6,540 (4,813)
Cash flows from financing activities:    
Proceeds from exercise of stock-based awards 1,673 1,720
Net cash provided by financing activities 1,673 1,720
Effect of exchange rate changes on cash and cash equivalents 61 (106)
Increase in cash and cash equivalents 3,198 6,625
Cash and cash equivalents at the beginning of the period 21,285 33,153
Cash and cash equivalents at the end of the period 24,483 39,778
Supplemental information of cash-flow activities:    
Income and withholding taxes 1,860 2,355
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 234 948
Right-of-use assets obtained in the exchange for operating lease liabilities $ 506 $ 308