v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,235 $ 5,615
Restricted cash 130 119
Trade receivables, net of allowance for credit losses of $1,566 and $1,262 as of June 30, 2025 and December 31, 2024, respectively 16,991 24,358
Institutions 4,598 4,227
Inventories 17,397 15,876
Other current assets 6,101 4,413
TOTAL CURRENT ASSETS 46,452 54,608
NON-CURRENT ASSETS:    
Restricted long term bank deposit 151 139
Restricted investment in marketable securities 3,096 3,215
Operating lease right of use assets 10,742 10,515
Property and equipment, net 31,085 27,461
Other non-current assets 2,997 2,707
Intangible assets:    
Customer relationships 13,046 12,081
Technology 3,054 3,589
Goodwill 22,854 20,282
Other intangible asset 3,329 3,648
TOTAL NON-CURRENT ASSETS 90,354 83,637
TOTAL ASSETS 136,806 138,245
CURRENT LIABILITIES:    
Short-term borrowing and current maturities of bank loan 8,608 3,353
Short-term loan relating to factoring arrangements 9,237 13,184
Trade payables 24,441 18,130
Employee related obligations 12,163 8,887
Accrued expenses 8,713 5,805
Deferred revenues 1,246 883
Current maturities of operating lease liabilities 2,601 2,315
Current maturities of finance lease liabilities 25 45
Warrants and phantom warrants to purchase ordinary shares 276 206
Other current liabilities (including $0 and $890 due to related parties as of June 30, 2025 and December 31, 2024, respectively) 3,564 3,920
TOTAL CURRENT LIABILITIES 70,874 56,728
LONG-TERM LIABILITIES:    
Long-term debt measured under the fair value option 27,357 17,777
Long-term bank loan 7,820 4,128
Operating lease liabilities 7,593 7,528
Finance lease liabilities 39 43
Long-term employee related obligations 151 1,416
Employee rights upon retirement 1,384 1,347
Other long-term liabilities (including $1,770 and $0 due to related parties as of June 30, 2025 and December 31, 2024, respectively) 3,728 948
TOTAL LONG-TERM LIABILITIES 48,072 33,187
COMMITMENTS AND CONTINGENT LIABILITIES
TOTAL LIABILITIES 118,946 89,915
SHAREHOLDERS’ EQUITY:    
Ordinary shares (No par value per shares, 34,930,909 and NIS 0.23 par value per shares 14,269,282 shares authorized as of June 30, 2025 and December 31, 2024 ; 18,743,137 and 18,720,287 shares issued and outstanding as of June 30, 2025 and December 31, 2024 respectively) 865 865
Additional paid-in capital 276,927 275,390
Other comprehensive loss (13,406) (2,913)
Accumulated deficit (246,526) (225,012)
TOTAL SHAREHOLDERS’ EQUITY 17,860 48,330
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 136,806 $ 138,245