v3.26.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 7,677 $ 4,841 $ 19,148 $ 12,096  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 1,362 1,249 4,066 3,762 $ 5,101
Non-cash financial expenses 462 126 814 634  
Gain on sale of equity investment 0 0 (4,324) 0  
Change in allowance for credit losses 39 (104) 94 (79)  
Share in profits of equity investment of affiliated companies (343) (372) (1,449) (983)  
Share based compensation 482 167 1,335 680  
Deferred income taxes, net 690 884 2,390 1,466  
Changes in operating assets and liabilities:          
Decrease (increase) in trade accounts receivable 3,046 (960) (2,402) (3,554)  
Decrease (increase) in inventory (10,607) 281 (20,490) 1,464  
Decrease (increase) in prepaid expenses and other current assets 1,120 (1,757) 309 (9,052)  
Increase (decrease) in trade accounts payable (929) 1,334 3,945 4,740  
Increase (decrease) in accrued expenses and other current liabilities 774 1,806 1,725 (1,765)  
Net cash provided by operating activities 3,773 7,495 5,161 9,409  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from sale of equity investment 0 0 4,493 0  
Purchase of property and equipment (4,408) (2,743) (6,967) (8,910)  
Net cash used in investing activities (4,408) (2,743) (2,474) (8,910)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Repayments of short-term loans 0 0 0 (4,350)  
Repayments of long-term debts (96) (473) (11,368) (1,560)  
Proceeds from issuance of ordinary shares and exercise of the underwriters' option 0 0 0 48,550  
Issuance costs of ordinary shares and exercise of the underwriters' option 0 (362) 0 (3,182)  
Proceeds (issuance costs) from long term debt, net (166) 0 10,711 0  
Proceeds from exercise of options 0 0 136 0  
Net cash provided by (used in) financing activities (262) (835) (521) 39,458  
Net increase (decrease) in cash and cash equivalents and restricted cash (897) 3,917 2,166 39,957  
Cash and cash equivalents and restricted cash at beginning of period 54,629 43,474 51,566 7,434 7,434
Cash and cash equivalents and restricted cash at the end of period 53,732 47,391 53,732 47,391 $ 51,566
Supplementary information on investing and financing activities not involving cash flows:          
Additions of operating lease right-of-use assets and operating lease liabilities 161 1,948 460 3,783  
Reclassification between inventory and property, plant and equipment 0 0 0 579  
Addition to property and equipment and intangible assets in accounts payable 1,430 195 1,430 195  
Supplemental disclosure of cash flow information:          
Interest paid 135 430 438 946  
Taxes paid $ 79 $ 21 $ 192 $ 197