v3.25.2
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (31,121) $ (51,305)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,715 4,036
Remeasurement of warrants liability (30) (149)
Change in accrued interest on bank deposits (654) (465)
Change in marketable securities (91) (259)
Share-based compensation 7,907 11,145
Foreign exchange loss (gain), net (1,283) 124
Change in prepaid expenses and other assets (131) 3,153
Change in trade receivables, net (5,580) 1,977
Change in inventory 383 115
Change in operating lease assets and liabilities, net 2,391 (1,327)
Change in trade payables (4,564) (2,247)
Change in accrued expenses and other liabilities 1,049 (1,187)
Change in employees and payroll accruals 776 248
Change in deferred revenues 3,175 (6,487)
Net cash used in operating activities (25,058) (42,628)
Cash flows from investing activities:    
Purchase of property and equipment (2,924) (2,029)
Proceeds from sales of property and equipment 3 0
Investment in bank deposits (58,700) (15,500)
Withdrawal of bank deposits 33,450 56,000
Investment in restricted deposits 0 (67)
Investment in marketable securities (22,931) (14,795)
Proceeds from sales and maturities of marketable securities 25,707 16,694
Net cash provided by (used in) investing activities (25,395) 40,303
Cash flows from financing activities:    
Issuance of ordinary shares and warrants, net of issuance cost 37,289 0
Proceeds from exercise of options 265 111
Net cash provided by financing activities 37,554 111
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,069 (43)
Decrease in cash, cash equivalents and restricted cash (11,830) (2,257)
Cash, cash equivalents and restricted cash at the beginning of the period 25,381 26,336
Cash, cash equivalents and restricted cash at the end of the period 13,551 24,079
Cash paid during the period for:    
Income taxes 203 129
Non-cash transactions:    
Purchase of property and equipment 328 1,250
Reclassification from property and equipment, net to inventory 1,679 0
Exercise of options 217 41
Right-of-use assets recognized with corresponding lease liabilities due to lease modification 4,541 0
Sale of machinery 1,146 0
Cash, cash equivalents and restricted cash at the end of the period:    
Cash and cash equivalents 13,535 24,012
Short-term restricted cash 16 67
Cash, cash equivalents and restricted cash at end of the year $ 13,551 $ 24,079