Report of foreign issuer [Rules 13a-16 and 15d-16]

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.25.3
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (46,540) $ (76,161)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,076 6,194
Remeasurement of warrants liability (43) (176)
Change in accrued interest on bank deposits (931) 891
Change in marketable securities (130) (450)
Share-based compensation 11,850 15,866
Foreign exchange gain, net (1,326) (134)
Change in prepaid expenses and other assets 1,181 2,914
Change in trade receivables, net (13,768) 3,856
Change in inventory 616 641
Change in operating lease assets and liabilities, net 2,813 (992)
Change in trade payables 858 (1,703)
Change in accrued expenses and other liabilities (244) (3,428)
Change in employees and payroll accruals 939 241
Change in deferred revenues 1,862 (6,671)
Net cash used in operating activities (38,787) (59,112)
Cash flows from investing activities:    
Purchase of property and equipment (3,210) (3,221)
Proceeds from sales of property and equipment 3 0
Investment in bank deposits (77,900) (26,700)
Withdrawal of bank deposits 52,350 88,600
Investment in restricted deposits (120) (122)
Investment in marketable securities (29,898) (33,457)
Proceeds from sales and maturities of marketable securities 32,611 35,290
Net cash provided by (used in) investing activities (26,164) 60,390
Cash flows from financing activities:    
Issuance of ordinary shares and warrants, net of issuance costs 37,289 0
Issuance of ordinary shares, net of paid issuance costs 8,419 0
Proceeds from exercise of options 710 169
Net cash provided by financing activities 46,418 169
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,054 182
Increase (decrease) in cash, cash equivalents and restricted cash (17,479) 1,629
Cash, cash equivalents and restricted cash at the beginning of the period 25,381 26,336
Cash, cash equivalents and restricted cash at the end of the period 7,902 27,965
Cash paid during the period for:    
Income taxes 248 180
Non-cash transactions:    
Purchase of property and equipment 543 1,063
Reclassification from property and equipment, net to inventory 1,679 0
Exercise of options 40 0
Right-of-use assets recognized with corresponding lease liabilities due to lease modification 4,541 0
Sale of machinery 2,915 0
Issuance costs to be paid 492 0
Cash, cash equivalents and restricted cash at the end of the period:    
Cash and cash equivalents 7,886 27,949
Short-term restricted cash 16 16
Cash, cash equivalents and restricted cash at the end of the period $ 7,902 $ 27,965