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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) $ 3,681 $ (71,487) $ (65,012)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 5,987 10,185 6,876
Amortization of premium and accretion of discount on marketable securities, net (730) 6,385 7,903
Amortization of discount and issuance costs of convertible notes 2,541 2,527 20,029
Share -based compensation 68,698 71,755 55,407
Exchange rate fluctuations and other items, net 71 5 229
Impairment of intangible assets 0 27,629 0
Impairment of lease ROU asset 211 0 0
Changes in assets and liabilities:      
User funds (8,582) (15,307) (29,729)
Operating lease ROU assets and liabilities (205) (1,485) 253
Other receivables (2,877) (4,847) (6,240)
Trade payables (3,195) (113) 4,667
Deferred revenue (306) (792) 4,123
User accounts 9,171 14,416 26,589
Revaluation of contingent consideration (570) (12,249) 11,771
Payment of contingent consideration 0 (504) (507)
Account payables, accrued expenses, and other non- current liabilities 9,291 3,994 1,678
Net cash provided by operating activities 83,186 30,112 38,037
Investing activities:      
Investment in marketable securities (309,155) (141,701) (282,450)
Proceeds from maturities of marketable securities 273,186 130,701 193,757
Acquisition of business, net of cash acquired 0 0 (97,084)
Bank and restricted deposits 46,858 (0) (41,115)
Acquisition of intangible asset 0 (175) 0
Purchase of property and equipment (1,053) (1,198) (1,684)
Capitalization of internal-use software and other (60) (1,000) (894)
Other receivables and non-current assets (0) (1,251) 0
Net cash provided by (used in) investing activities 9,776 (14,624) (229,470)
Financing activities:      
Proceeds from issuance of convertible notes, net 0 (0) (34)
Proceeds from exercise of share options 2,765 3,765 8,294
Payment of contingent consideration 0 (1,105) (1,105)
Tax withholding in connection with employees’ exercises of share options and vested RSUs 87 (2,028) (8,987)
Repayment of long-term loan 0 (2,269) (565)
Net cash provided by (used in) financing activities 2,852 (1,637) (2,397)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (29) (32) (130)
Increase (decrease) in cash, cash equivalents and restricted cash 95,785 13,819 (193,960)
Cash, cash equivalents and restricted cash at the beginning of the year 87,889 74,070 268,030
Cash, cash equivalents and restricted cash at the end of the year 183,674 87,889 74,070
Supplemental non-cash disclosure:      
Purchase of property and equipment 153 208 294
Share-based compensation capitalized in internal-use software 0 274 247
Contingent consideration 0 0 12,258
Lease liabilities arising from obtaining right-of-use assets 465 359 229
Supplemental cash flow disclosure      
Cash paid for taxes 589 235 78
Cash paid for interest 145 246 107
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 183,674 86,752 71,151
Restricted cash 0 1,137 2,919
Total cash, cash equivalents and restricted cash $ 183,674 $ 87,889 $ 74,070