XML 23 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss): $ (11,878) $ (23,183) $ 396
Depreciation 2,887 3,190 3,184
Amortization of intangible assets 1,996 4,371 3,801
Impairment of long-lived assets 0 3,556 0
Equity-based compensation 16,198 14,505 13,055
Realized loss (gain), net on sale of available-for-sale marketable securities (90) 55 (13)
Amortization of premiums (discounts) on available-for-sale marketable securities (124) 397 420
Unrealized foreign exchange (gain) loss, net (560) (351) 1,163
Gain on sale of Intrinsix, gross (see note 1) (11,557) 0 0
Remeasurement of marketable equity securities 2 2,511 (1,983)
Changes in operating assets and liabilities:      
Trade receivables, net (25) (3,749) 5,842
Prepaid expenses and other assets (4,850) (1,126) 3,604
Operating lease right-of-use assets 3,305 (1,456) 225
Accrued interest on bank deposits (237) 144 (65)
Deferred taxes, net 6,684 7,811 (6,305)
Trade payables (818) 511 404
Deferred revenues (27) (5,493) 5,053
Accrued expenses and other payables (182) 333 (1,737)
Accrued payroll and related benefits (3,737) 984 (875)
Operating lease liability (3,273) 1,504 (232)
Income taxes payable 67 2,127 189
Accrued severance pay, net (112) 283 (322)
Net cash provided by (used in) operating activities (6,331) 6,924 25,804
Cash flows from investing activities:      
Business combination (see note 1) (3,600) 0 (29,891)
Purchase of property and equipment (2,884) (3,499) (2,193)
Proceeds from the sale of Intrinsix, net (see note 1) 30,589 0 0
Investment in bank deposits (2,000) (14,000) (1,500)
Proceeds from bank deposits 6,000 30,885 19,989
Investment in available-for-sale marketable securities (40,026) (49,873) (39,192)
Proceeds from maturity of available-for-sale marketable securities 10,340 18,196 26,043
Proceeds from sale of available-for-sale marketable securities 12,417 3,175 10,035
Net cash provided by (used in) investing activities 10,836 (15,116) (16,709)
Cash flows from financing activities:      
Purchase of treasury stock (6,163) (6,785) 0
Proceeds from exercise of stock-based awards 3,393 3,479 3,242
Net cash provided by (used in) financing activities (2,770) (3,306) 3,242
Effect of exchange rate changes on cash and cash equivalents 267 (370) (327)
Increase (decrease) in cash and cash equivalents 2,002 (11,868) 12,010
Cash and cash equivalents at the beginning of the year 21,285 33,153 21,143
Cash and cash equivalents at the end of the year 23,287 21,285 33,153
Supplemental information of cash-flows activities:      
Income and withholding taxes 7,398 10,193 9,183
Non-cash transactions:      
Property and equipment purchases incurred but unpaid at the end of the year 25 25 59
Right-of-use assets obtained in the exchange for operating lease liabilities 1,100 5,009 2,679
Cash and cash equivalents in the Consolidated Balance Sheets 23,287 20,116 32,642
Cash and cash equivalents included in assets of discontinued operation 0 1,169 511
Total cash and cash equivalents in the Consolidated Statements of Cash Flows $ 23,287 $ 21,285 $ 33,153