v3.26.1
Interim Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss: $ (4,459) $ (3,327)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 685 651
Amortization of intangible assets 176 208
Equity-based compensation 5,372 4,323
Accretion of discount on available-for-sale marketable securities (104) (249)
Unrealized foreign exchange (gain) loss 510 (574)
Remeasurement of marketable equity securities (64) 54
Changes in operating assets and liabilities:    
Trade receivables, net 374 (3,473)
Prepaid expenses and other assets (5,847) (3,712)
Operating lease right-of-use assets 296 530
Accrued interest on bank deposits (35) (24)
Deferred taxes, net (3) 215
Trade payables (295) 1,361
Deferred revenues (528) (645)
Accrued expenses and other payables (910) (1,113)
Accrued payroll and related benefits (799) (842)
Operating lease liability 705 (850)
Accrued severance pay, net 41 63
Net cash used in operating activities (4,885) (7,404)
Cash flows from investing activities:    
Purchase of property and equipment 2,315 311
Investment in bank deposits 3,000 (0)
Investment in available-for-sale marketable securities 24,601 29,117
Proceeds from maturity of available-for-sale marketable securities 14,110 35,660
Net cash provided by (used in) investing activities (15,806) 6,232
Cash flows from financing activities:    
Proceeds from exercise of stock-based awards 1,551 1,358
Net cash provided by financing activities 1,551 1,358
Effect of exchange rate changes on cash and cash equivalents    
Effect of exchange rate changes on cash and cash equivalents (79) 130
Increase (decrease) in cash and cash equivalents (19,219) 316
Cash and cash equivalents at the beginning of the year 40,586 18,498
Cash and cash equivalents at the end of the year 21,367 18,814
Supplemental information of cash flow activities:    
Income and withholding taxes 1,962 1,703
Non-cash transactions:    
Property and equipment purchases incurred but unpaid at period end 326 41
Right-of-use assets obtained in the exchange for operating lease liabilities $ 159 $ 87