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, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (81,511) $ (67,301) $ (56,400)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,661 1,674 660
Share-based compensation 3,196 2,171 1,377
Capital loss (gain) (6) 0 325
Issuance of Preferred C-1 Shares to a customer 14,800 0 0
Foreign exchange (gain) loss (572) (729) 612
Decrease (increase) in prepaid expenses and other assets (1,296) 1,231 (2,557)
Increase in trade receivable (1,485) (1,060) (59)
Increase in inventories (823) (200) (1,141)
Increase (decrease) in trade payables 606 (2,255) 7,412
Increase (decrease) in accrued expenses and other liabilities (820) (5,566) 7,426
Increase in employees and payroll accruals 2,111 223 1,618
Increase in advances from customers and deferred revenues 1,198 2,587 1,348
Net cash used in operating activities (61,941) (69,225) (39,379)
Cash flows from investing activities:      
Purchase of property and equipment (5,120) (5,850) (6,853)
Proceeds from sales of property and equipment 47 0 7
Proceeds from (investment in) bank deposits, net 34,720 (34,720) 47,002
Increase in restricted deposits (56) 0 0
Net cash provided by (used in) investing activities 29,591 (40,570) 40,156
Cash flows from financing activities:      
Proceeds from Issuance of convertible preferred shares, net of issuance expenses 8,934 161,233 0
Proceeds from exercise of options 284 73 10
Proceeds from loan 0 2,020 584
Repayment of loan (277) (204) 0
Net cash provided by financing activities 8,941 163,122 594
Effect of exchange rate changes on cash, cash equivalents and restricted cash 748 900 (612)
Increase (decrease) in cash, cash equivalents and restricted cash (22,661) 54,227 759
Cash, cash equivalents and restricted cash at beginning of the year 73,427 19,200 18,441
Cash, cash equivalents and restricted cash at end of the year 50,766 73,427 19,200
Cash received during the year for:      
Interest 553 1,279 493
Cash paid during the year for:      
Interest 89 94 29
Income taxes 85 10 28
Non-cash transactions:      
Investment in non-marketable equity securities in consideration for property and equipment 64 98 0
Reclassification from property and equipment. net to inventories 512 0 0
Cash, cash equivalents and restricted cash at end of the year      
Cash and cash equivalents 49,950 72,792 18,555
Short-term restricted deposits 8 8 8
Restricted deposits $ 808 $ 627 $ 637