Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and Cash Equivalent $ 8,638 $ 25,365
Short-term restricted cash 16 16
Bank deposits 54,010 30,628
Marketable securities 9,466 11,955
Trade receivables, net 9,978 6,043
Inventory 3,344 1,905
Prepaid expenses and other current assets 4,780 6,707
Total current assets 90,232 82,619
LONG-TERM ASSETS:    
Restricted deposits 3,189 2,725
Property and equipment, net 19,856 23,432
Operating lease right-of-use assets, net 25,086 23,194
Other long-term assets 89 79
Total long-term assets 48,220 49,430
Total assets 138,452 132,049
CURRENT LIABILITIES:    
Trade payables 8,599 8,813
Deferred revenues 1,852 274
Employees and payroll accruals 9,027 8,722
Accrued expenses and other current liabilities 5,998 5,631
Operating lease liabilities 5,949 4,330
Total current liabilities 31,425 27,770
LONG-TERM LIABILITIES:    
Operating lease liabilities 29,302 25,264
Warrants liability 7 86
Total long-term liabilities 29,309 25,350
SHAREHOLDERS' EQUITY:    
Ordinary shares of no-par value: Authorized: 500,000,000 shares as of December 31, 2025 and 2024; Issued and outstanding: 214,090,980 and 169,397,030 shares as of December 31, 2025 and 2024, respectively 0 0
Additional paid-in capital 875,558 808,974
Accumulated deficit (797,840) (730,045)
Total shareholders' equity 77,718 78,929
Total liabilities and shareholders' equity $ 138,452 $ 132,049