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

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 26,283 $ 55,718
Short-term restricted cash 53 236
Bank deposits 105,750 80,684
Marketable securities 13,335 41,681
Trade receivables, net 7,395 1,762
Inventory 1,868 4,236
Prepaid expenses and other current assets 5,774 3,236
Total current assets 160,458 187,553
LONG-TERM ASSETS:    
Marketable securities 4,813 7,840
Restricted deposits 2,623 2,543
Property and equipment, net 25,770 30,489
Operating lease right-of-use assets, net 25,486 26,927
Other long-term assets 84 81
Total long-term assets 58,776 67,880
Total assets 219,234 255,433
CURRENT LIABILITIES:    
Trade payables 8,036 8,367
Deferred revenues 6,949 4,082
Employees and payroll accruals 9,468 8,693
Accrued expenses and other current liabilities 8,743 7,572
Operating lease liabilities 4,034 3,720
Total current liabilities 37,230 32,434
LONG-TERM LIABILITIES:    
Deferred revenues 0 61
Operating lease liabilities 28,475 30,201
Warrants liability 240 720
Total long-term liabilities 28,715 30,982
SHAREHOLDERS' EQUITY:    
Ordinary Shares of no-par value: Authorized: 500,000,000 shares as of December 31, 2023 and 2022; Issued and outstanding: 165,387,098 and 136,185,264 shares as of December 31, 2023 and 2022, respectively 0 0
Additional paid-in capital 788,577 703,851
Accumulated deficit (635,288) (511,834)
Total shareholders' equity 153,289 192,017
Total liabilities and shareholders' equity $ 219,234 $ 255,433