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Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended
Mar. 31, 2024
USD ($)
Mar. 31, 2023
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (35,187) $ (24,208)
Non-cash adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 61 48
Interest expense 333 0
Loss (gain) on foreign currency remeasurement 230 (2,107)
Share-based compensation 5,129 4,071
Lease expenses 555 539
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 8,136 (1,484)
Deferred and prepaid tax assets (322) 129
Long-term prepaid expenses and other assets 837 (44)
Operating lease liabilities (545) (478)
Accounts payable 3,517 (973)
Accrued expenses and other liabilities (3,572) (3,216)
Net cash used in operating activities (20,828) (27,723)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment 0 (29)
Net cash used in investing activities 0 (29)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of ordinary shares, net of issuance costs 26,219 1,188
Proceeds from the exercise of warrants 37,258 0
Payments of withholding tax on stock award (185) (109)
Proceeds from exercise of share options 220 0
Net cash provided by financing activities 63,512 1,079
Effect of exchange rate changes on cash, cash equivalents and restricted cash (45) 666
Net increase (decrease) in cash, cash equivalents and restricted cash 42,639 (26,007)
Cash, cash equivalents and restricted cash, beginning of the period 220,638 143,381
Cash, cash equivalents and restricted cash, end of the period 263,277 117,374
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 765 0
Cash and cash equivalents 262,888 117,103
Restricted cash 389 271
Total cash, cash equivalents and restricted cash $ 263,277 $ 117,374