v3.25.2
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Loss $ (8,777) $ (9,930)
Adjustments to profit or loss items:    
Depreciation and amortization 1,744 1,410
Change in fair value of warrants 508 1,040
Changes in the fair value of contingent consideration   (6)
Share-based compensation 1,508 1,594
Operating expense settled by issuance of shares   351
Finance income, net (1,019) (1,132)
Taxes on income (tax benefit), net 93 (20)
Adjustments to profit or loss items 2,834 3,237
Changes in asset and liability items:    
Decrease (increase) in user funds 1,261 (298)
Increase (decrease) in user accounts (1,261) 298
Increase in other receivables and prepaid expenses (495) (778)
Increase in trade receivables (778) (495)
Increase in other long-term assets (73)  
Increase in trade payables 2,862 481
Increase in accrued severance pay, net 68 114
Increase in accrued expenses and other short-term liabilities 152 696
Changes in asset and liability items 1,736 18
Cash paid and received during the period for:    
Interest received, net 1,644 2,356
Taxes received (paid), net 31 (186)
Total Cash paid and received 1,675 2,170
Net cash used in operating activities (2,532) (4,505)
Cash flows from investing activities:    
Purchase of property and equipment (74) (17)
Proceeds from sale of property and equipment 25 2
Investment in long-term deposits (123) (30)
Withdrawal of a deposit 116 33
Withdrawal of short-term investments, net   11,520
Withdrawal of (investment in) short-term bank deposit, net 12,000 (6,000)
Net cash provided by investing activities 11,944 5,508
Cash flows from financing activities:    
Repayment of lease liabilities (300) (305)
Exercise of options 489 197
Net cash provided by (used in) financing activities 189 (108)
Exchange differences on balances of cash and cash equivalents 236 (59)
Gains from translation of cash and cash equivalents of foreign activity 26  
Increase in cash and cash equivalents 9,863 836
Cash and cash equivalents at the beginning of the period 10,118 20,165
Cash and cash equivalents at the end of the period 19,981 21,001
(a) Significant non-cash transactions:    
Right-of-use asset recognized with corresponding lease liability 1,172  
Receivables on account of exercise of options $ 34 $ 51