v3.26.1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES        
Net Income (Loss) $ (7,956) $ 1,550 $ (11,414) $ (3,571)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 553 398 1,128 777
Equity-settled stock-based payment 21,804 17,795 38,805 30,502
Impairment of intangible assets 12
Finance income (expenses) (225) 62 (174) (87)
Amortization of debt issuance costs 846 846
Deferred income taxes, net (35) (35)
Changes in operating assets and liabilities:        
Trade receivables (9,635) (10,031) (14,650) (12,586)
Financing receivables, net (614) (1,249) (2,847) (4,218)
Other current assets (967) (36) (672) 139
Accounts payable 17 324 (213) (123)
Accrued liabilities 24,323 14,496 35,111 22,129
Customer deposits 17,980 16,043 28,447 22,213
Other payables 1,155 1,666 (3,818) 1,793
NET CASH PROVIDED BY OPERATING ACTIVITIES 47,246 41,018 70,526 56,968
INVESTING ACTIVITIES        
Purchase of investment in equity securities (2,250) (2,250)
Purchase of property and equipment (123) (255) (361) (540)
Purchase of financial assets (6,246) (109) (11,660) (1,459)
Proceeds from sale of financial assets 10,425 5,496 15,740 5,753
NET CASH PROVIDED BY INVESTING ACTIVITIES 4,056 2,882 3,719 1,504
FINANCING ACTIVITIES        
Repurchase of common shares (2,708) (8,830)
Payment of employee taxes on certain stock-based arrangements (484) (498) (484) (1,711)
Proceeds from exercise of stock options 39 351 92 661
Debt issuance costs (4,813) (4,813)
Distributions to non-controlling interest (45) (23) (29) (99)
NET CASH USED IN FINANCING ACTIVITIES (5,303) (2,878) (5,234) (9,979)
Net change in cash, cash equivalents and restricted cash 45,999 41,022 69,011 48,493
Cash, cash equivalents and restricted cash, beginning of period 82,821 54,965 59,551 47,465
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (211) (71) 47 (42)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE $ 128,609 $ 95,916 $ 128,609 $ 95,916