v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (49,317) $ (43,500) $ (40,494)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 585 557 481
Stock-based compensation 14,542 13,012 8,793
Stock-based compensation to service providers 1,186 629 354
Revaluation of warrants (447) (756) (8,122)
Revaluation of convertible bonds (81)
Issuance costs related to convertible bonds 737
Change in operating assets and liabilities:      
Trade receivable, net 1,105 694 (2,015)
Prepaid expenses and other receivables (474) (187) 1,219
Operating lease ROU assets and liabilities, net 224 86 (84)
Trade payables (553) (103) (769)
Employees and payroll accruals 367 55 (234)
Deferred revenue (101) (375)
Accrued expenses and other payables (376) (3,899) 884
Net cash used in operating activities (32,502) (33,513) (40,362)
Cash flows from investing activities:      
Change in bank deposits 4,609 (15,002) (400)
Purchase of property and equipment (622) (249) (918)
Net cash provided by (used in) investing activities 3,987 (15,251) (1,318)
Cash flows from financing activities:      
Repayment of short-term loan (5,218)
Proceeds from issuance of ordinary shares and warrants, net of issuance costs 13,787 22,496
Issuance costs related to convertible bonds (459)
Proceeds from exercise of options 205 703 277
Net cash provided by (used in) financing activities 13,533 23,199 (4,941)
Effect of exchange rate fluctuations on cash and cash equivalent 258 47 (1,189)
Decrease in cash, cash equivalents and restricted cash (15,240) (25,612) (45,432)
Cash, cash equivalents and restricted cash at the beginning of the year 28,750 54,315 100,936
Cash, cash equivalents and restricted cash at the end of the year 13,768 28,750 54,315
Supplemental non-cash disclosure:      
Issuance of convertible bonds with proceeds placed in escrow 30,695
Lease liabilities arising from obtaining right-of-use assets 660 1,713 797
Purchase of property and equipment 28 8 7
Supplemental disclosure of cash flows activities:      
Interest paid $ 1,928 $ 250

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