v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (69,752) $ (27,961)
Adjustments required to reconcile net loss to net cash used in operating activities:    
–Share-based compensation 1,710 2,277
Amortization of intangible assets 5,009 5,306
Impairment of Intangible assets 40,695
Change in contingent earnout liability 27
Depreciation 629 586
Deferred tax liability, net (189) (188)
Exchange rate differentials (7) 329
Amortization of premium, discount and accrued interest on marketable securities 64
Interest on long-term deposits (243)
Interest on short-term deposits (92)
Loss from disposal of property and equipment 71
Changes in Operating Assets and Liabilities:    
Accounts receivable, net 126 (75)
Change in inventories (1,063) (63)
Prepaid expenses and other current assets (558) 776
Other non-current assets 142 30
Accounts payable (748) (322)
Accrued expenses and other liabilities (1,516) (840)
Operating lease assets and liabilities 300 381
Deferred Revenue 56 84
Other long-term liabilities (317) 150
Net cash used in operating activities (25,548) (19,638)
CASH FLOWS PROVIDED BY INVESTING ACTIVITIES:    
Proceeds from maturity of marketable securities 16,295
Maturity of short-term deposits 10,551 15,500
Purchase of property and equipment (2,761) (1,579)
Net cash provided by investing activities 7,790 30,216
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment due to settlement of contingent earnout liabilities (127)
Proceeds from issuance of ordinary shares upon exercise of options 121
Net cash (used in) provided by financing activities (127) 121
EFFECT OF CHANGES IN EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (243) (99)
NET CHANGE IN CASH AND CASH EQUIVALENTS (18,128) 10,600
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 49,151 39,304
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 31,023 49,904
SUPPLEMENTARY INFORMATION ON ACTIVITIES INVOLVING CASH FLOWS    
Cash paid for interest 63 68
Cash paid for income taxes 170 184
SUPPLEMENTARY INFORMATION ON ACTIVITIES NOT INVOLVING CASH FLOWS -    
Non-cash purchase of property and equipment 374 398
Issuance of ordinary shares per settlement with a shareholder 778
Operating lease liabilities arising from obtaining operating right-of use assets $ 38 $ 93