CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 |
Cash flows from operating activities: | | | | |
Net Loss | $ (20,732) | $ (6,233) | $ (32,094) | $ (12,360) |
Adjustments to reconcile net income to net cash used in operating activities: | | | | |
Depreciation | 1,327 | 1,332 | 2,647 | 2,746 |
Stock-based compensation | 2,425 | 2,169 | 5,893 | 4,706 |
Amortization of intangible assets | 277 | 235 | 553 | 470 |
Increase in accrued severance pay, net | 13 | 26 | 73 | 20 |
Decrease (Increase) in other assets | 168 | 19 | (194) | 436 |
Decrease (Increase) in accrued interest and amortization of premium on marketable securities | (166) | 16 | (147) | 48 |
Changes in operating leases, net | 290 | (191) | (93) | (563) |
Decrease (Increase) in trade receivables | 10,403 | (4,082) | 14,889 | (4,807) |
Decrease (Increase) in other receivables and prepaid expenses | 300 | 141 | 1,161 | (893) |
Decrease (Increase) in inventories | (1,645) | 591 | (5,098) | (1,164) |
Decrease in trade payables | (2,941) | (1,433) | (2,202) | (937) |
Increase (Decrease) in employees and payroll accruals | (1,042) | 523 | (2,494) | (1,963) |
Increase (Decrease) in deferred revenues | 870 | 287 | (1,299) | 1,129 |
Decrease in other payables, accrued expenses and other long term liabilities | (923) | (1,252) | (1,824) | (1,523) |
Amortization of issuance costs of Convertible debt | 49 | 49 | 98 | 71 |
Net cash used in operating activities | (11,327) | (7,803) | (20,131) | (14,584) |
Cash flows from investing activities: | | | | |
Decrease (Increase) in restricted deposit | (224) | 260 | (224) | 380 |
Redemption of (Investment in) short-term deposits | 21,700 | 520 | 38,700 | (25,180) |
Purchase of property and equipment | (290) | (1,281) | (560) | (2,556) |
Investment in available-for sale marketable securities | (9,584) | 0 | (18,567) | 0 |
Proceeds from redemption or sale of available-for sale marketable securities | 590 | 2,872 | 3,960 | 6,030 |
Net cash provided by (used in) investing activities | 12,192 | 2,371 | 23,309 | (21,326) |
Cash flows from financing activities: | | | | |
Proceeds from exercise of stock options | 0 | 15 | 0 | 250 |
Issuance of convertible debt | 0 | 0 | 0 | 39,404 |
Net cash provided by financing activities | 0 | 15 | 0 | 39,654 |
Increase (Decrease) in cash and cash equivalents | 865 | (5,417) | 3,178 | 3,744 |
Cash and cash equivalents at the beginning of the period | 14,608 | 20,878 | 12,295 | 11,717 |
Cash and cash equivalents at the end of the period | $ 15,473 | $ 15,461 | $ 15,473 | $ 15,461 |