v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 10,061 $ 16,142
Restricted deposits 584 904
Short-term bank deposits 16,700 15,250
Available-for-sale marketable securities 33,372 26,470
Trade receivables, net (net of allowance for credit losses $ 22,324 and $25,306 on March 31, 2025 and December 31, 2024, respectively) 19,234 16,482
Other receivables and prepaid expenses 5,983 6,317
Inventories 8,193 8,611
Total current assets 94,127 90,176
NON-CURRENT ASSETS:    
Severance pay fund 456 464
Restricted deposit 296 279
Operating lease right-of-use assets 6,366 6,741
Other assets 564 2,151
Property and equipment, net 6,550 7,692
Intangible assets, net 153 305
Goodwill 31,833 31,833
Total non-current assets 46,218 49,465
Total assets 140,345 139,641
CURRENT LIABILITIES:    
Trade payables 1,021 946
Employees and payroll accruals 5,995 8,208
Deferred revenues 20,013 17,054
Short-term operating lease liabilities 1,062 562
Other payables and accrued expenses 9,786 9,200
Total current liabilities 37,877 35,970
LONG-TERM LIABILITIES:    
Deferred revenues 6,440 7,136
Long-term operating lease liabilities 5,093 5,807
Accrued severance pay 934 946
Convertible debt 40,000 39,973
Total long-term liabilities 52,467 53,862
SHAREHOLDERS’ EQUITY:    
Share capital - Ordinary shares of NIS 0.1 par value - Authorized: 200,000,000 shares at March 31, 2025, and December 31, 2024; Issued: 40,560,391 and 40,346,993 shares at March 31, 2025 and December 31, 2024, respectively; Outstanding: 39,744,391 and 39,530,993 shares at March 31, 2025 and December 31, 2024, respectively. 1,018 1,012
Additional paid-in capital 319,351 318,138
Treasury share at cost - 816,000 shares at March 31, 2025 and December 31, 2024. (3,998) (3,998)
Accumulated other comprehensive income (338) 357
Accumulated deficit (266,032) (265,700)
Total shareholders’ equity 50,001 49,809
Total liabilities and shareholders’ equity $ 140,345 $ 139,641