Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.22.2.2
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (58,346) $ (93,210)
Adjustments required to reconcile net loss to net cash used in Operating Activities:    
Depreciation and amortization 4,192 1,325
Remeasurement of warrants liability (789) 845
Increase in accrued interest on bank deposits (245) 0
Remeasurement of marketable securities 707 0
Share-based compensation 9,165 51,662
Foreign exchange loss (gain), net 1,220 (56)
Increase in prepaid expenses and other assets (3,186) (5,748)
Decrease (increase) in trade receivables (562) 507
Increase in inventories (395) (1,500)
Changes in operating lease assets and liabilities, net (430) 0
Increase in trade payables 60 2,770
Increase (decrease) in accrued expenses and other liabilities (1,185) 870
Increase (decrease) in employees and payroll accruals (558) 4,162
Increase in advances from customers and deferred revenues 243 1,537
Net cash used in operating activities (50,109) (36,836)
Cash flows from investing activities:    
Purchase of property and equipment (5,026) (2,133)
Investment in bank deposits (50,000) (195,000)
Withdrawal of bank deposits 135,000 0
Decrease (increase) in restricted deposits (2,580) 1
Net cash provided by (used in) investing activities 77,394 (197,132)
Cash flows from financing activities:    
Cash received from Transactions, net of issuance cost 0 122,728
Issuance of ordinary shares, net of issuance cost 0 217,343
Proceeds from exercise of options 293 468
Repayment of loans 0 (134)
Net cash provided by financing activities 293 340,405
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,122) 20
Increase in cash, cash equivalents and restricted cash 26,456 106,457
Cash, cash equivalents and restricted cash at beginning of the period 24,541 50,766
Cash, cash equivalents and restricted cash at end of the period 50,997 157,223
Cash received during the period for:    
Interest 1,223 6
Cash paid during the period for:    
Interest 0 43
Income taxes 48 69
Non-cash transactions:    
Conversion of preferred shares to ordinary shares 0 272,815
Purchase of property and equipment 7,582 0
Reclassification of warrants liability to equity 15 0
Exercise of options 19 0
Issuance cost paid in equity 0 77,309
Right-of-use assets recognized with corresponding lease liabilities 29,267 0
Cash, cash equivalents and restricted cash at end of the period:    
Cash and cash equivalents 50,279 156,418
Short-term restricted cash 718 8
Restricted cash 0 797
Cash, cash equivalents and restricted cash at end of the year $ 50,997 $ 157,223