v3.26.3
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (64,321) $ (46,540)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,914 4,076
Remeasurement of warrants liability (7) (43)
Change in accrued interest on bank deposits 917 (931)
Change in marketable securities (30) (130)
Share-based compensation 11,022 11,850
Capital gain, net (8) 0
Foreign exchange loss (gain), net 150 (1,326)
Change in prepaid expenses and other assets (2,422) 1,181
Change in trade receivables, net (506) (13,768)
Change in inventory (1,883) 616
Change in operating lease assets and liabilities, net 392 2,813
Change in trade payables 1,402 858
Change in accrued expenses and other liabilities 970 (244)
Change in employees and payroll accruals 1,217 939
Change in deferred revenues 671 1,862
Net cash used in operating activities (48,522) (38,787)
Cash flows from investing activities:    
Purchase of property and equipment (3,885) (3,210)
Proceeds from sales of property and equipment 11 3
Investment in bank deposits (42,530) (77,900)
Withdrawal of bank deposits 72,980 52,350
Investment in restricted deposits (100) (120)
Investment in marketable securities (18,551) (29,898)
Proceeds from sales and maturities of marketable securities 19,192 32,611
Net cash provided by (used in) investing activities 27,117 (26,164)
Cash flows from financing activities:    
Issuance of ordinary shares and warrants, net of issuance costs 0 37,289
Issuance of ordinary shares under the Sales Agreement, net of paid issuance costs 7,987 8,419
Issuance of ordinary shares, net of paid issuance costs 27,824 0
Proceeds from exercise of options 43 710
Net cash provided by financing activities 35,854 46,418
Effect of exchange rate changes on cash, cash equivalents and restricted cash (275) 1,054
Increase (decrease) in cash, cash equivalents and restricted cash 14,174 (17,479)
Cash, cash equivalents and restricted cash at the beginning of the period 8,654 25,381
Cash, cash equivalents and restricted cash at the end of the period 22,828 7,902
Cash paid during the period for:    
Income taxes 115 248
Non-cash transactions:    
Purchase of property and equipment 648 543
Reclassification from property and equipment, net to inventory 0 1,679
Exercise of options 0 40
Right-of-use assets recognized with corresponding lease liabilities 110 4,541
Sale of machinery 0 2,915
Issuance costs to be paid 255 492
Cash, cash equivalents and restricted cash at the end of the period:    
Cash and cash equivalents 22,812 7,886
Short-term restricted cash 16 16
Cash, cash equivalents and restricted cash at the end of the period $ 22,828 $ 7,902