Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (153,559) $ (81,511) $ (67,301)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3,960 2,661 1,674
Remeasurement of warrants liability (1,216) 0 0
Issuance cost allocated to warrants liability 1,830 (0) (0)
Increase in accrued interest and exchange rate on short-term and long-term deposits (436) 0 0
Remeasurement of marketable securities 104 0 0
Share-based compensation 64,736 3,196 2,171
Realization of investment in non-marketable equity securities (2,012) 0 0
Capital gain, net 0 (6) 0
Share-based payment to a customer 0 14,800 0
Interest and foreign exchange gain (577) (572) (729)
Decrease (increase) in prepaid expenses and other assets 620 (1,296) 1,231
Decrease (increase) in trade receivables 1,993 (1,485) (1,060)
Increase in inventories (2,092) (823) (200)
Increase (decrease) in trade payables (1,997) 606 (2,255)
Increase (decrease) in accrued expenses and other liabilities 3,076 (820) (5,566)
Increase in employees and payroll accruals 3,469 2,111 223
Increase (decrease) in advances from customers and deferred revenues (421) 1,198 2,587
Net cash used in operating activities (82,522) (61,941) (69,225)
Cash flows from investing activities:      
Purchase of property and equipment (3,784) (5,120) (5,850)
Proceeds from sales of property and equipment 0 47 0
Withdrawal of (investment in) short term deposits, net (230,047) 34,720 (34,720)
Decrease (increase) in restricted deposits 56 (56) 0
Investment in marketable securities (50,000) 0 0
Proceeds from sale of non-marketable securities 2,178 0 0
Net cash provided by (used in) investing activities (281,597) 29,591 (40,570)
Cash flows from financing activities:      
Cash received from Transactions, net of issuance cost 121,357 0 0
Issuance of ordinary shares, net of issuance cost 217,507 0 0
Proceeds from issuance of convertible preferred shares, net of issuance cost 0 8,934 161,233
Proceeds from exercise of options 952 284 73
Proceeds from loans 0 0 2,020
Repayment of loans (2,638) (277) (204)
Net cash provided by financing activities 337,178 8,941 163,122
Effect of exchange rate changes on cash, cash equivalents and restricted cash 716 748 900
Increase (decrease) in cash, cash equivalents and restricted cash (26,225) (22,661) 54,227
Cash, cash equivalents and restricted cash at beginning of the year 50,766 73,427 19,200
Cash, cash equivalents and restricted cash at end of the year 24,541 50,766 73,427
Cash received during the year for:      
Interest 754 553 1,279
Cash paid during the year for:      
Interest 94 89 94
Income taxes 237 85 10
Non-cash transactions:      
Non-marketable equity securities in consideration for property and equipment 0 64 98
Reclassification from property and equipment, net to inventories 0 512 0
Conversion of preferred shares to ordinary shares 272,815 0 0
Purchase of property and equipment 1,433 0 0
Reclassification of warrants liability to equity 4,436 0 0
Issuance cost paid in Equity 77,250 0 0
Cash, cash equivalents and restricted cash at end of the year      
Cash and cash equivalents 23,640 49,950 72,792
Short-term restricted deposits 901 8 8
Restricted deposits 0 808 627
Cash, cash equivalents and restricted cash at end of the year $ 24,541 $ 50,766 $ 73,427