v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 3,442 $ 2,617 $ 7,255 $ 4,727  
Adjustments to reconcile net income to net cash used in operating activities:          
Depreciation and amortization 1,208 1,431 2,513 2,805 $ 5,455
Non-cash financial (income) expenses 600 (276) 508 (486)  
Change in allowance for credit losses 75 40 25 40  
Share in profits of equity investment of affiliated companies (318) (234) (611) (432)  
Share based compensation 291 148 513 189  
Gain on disposal of property, plant and equipment 0 (1) 0 (355)  
Deferred income taxes, net 63 306 582 (103)  
Changes in operating assets and liabilities:          
Decrease (increase) in trade accounts receivable 882 (5,430) (2,594) (6,250)  
Decrease (increase) in prepaid expenses and other current assets 1,697 (129) 1,183 (283)  
Increase in inventory (3,434) (2,906) (7,295) (5,543)  
Increase (decrease) in trade accounts payable 2,972 (209) 3,406 (909)  
Decrease (increase) in accrued expenses and other (529) 543 (3,571) (1,047)  
Net cash provided by (used in) operating activities 6,949 (4,100) 1,914 (7,647)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sale of property and equipment 0 0 0 1,306  
Purchase of property and equipment (3,305) (978) (6,167) (1,967)  
Net cash used in investing activities (3,305) (978) (6,167) (661)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayments of long-term loans (516) (510) (1,087) (950)  
Proceeds from issuance of ordinary shares and exercise of the underwriters' option 48,550 (1) 48,550 0  
Issuance costs of ordinary shares and exercise of the underwriters' option (2,820) 0 (2,820) 0  
Net change in short term loans from banks (10,719) 4,668 (4,350) 668  
Net cash provided by (used in) financing activities 34,495 4,157 40,293 (282)  
Net increase (decrease) in cash and cash equivalents and restricted cash 38,139 (921) 36,040 (8,590)  
Cash and cash equivalents and restricted cash at beginning of period 5,335 9,273 7,434 16,942 16,942
Cash and cash equivalents and restricted cash at the end of period 43,474 8,352 43,474 8,352 $ 7,434
Supplementary information on investing and financing activities not involving cash flows:          
Additions of operating lease right-of-use assets and operating lease liabilities 1,688 245 1,835 590  
Reclassification between inventory and property, plant and equipment 0 0 579 60  
Unpaid issuance costs of ordinary shares and exercise of the underwriters' option 362 0 362 0  
Supplemental disclosure of cash flow information:          
Interest paid $ 249 $ 410 $ 516 $ 852