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

INTERIM CONSOLIDATED BALANCE SHEETS (UNAUDITED)

v3.26.1
INTERIM CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 4,362 $ 8,638
Short-term restricted cash 16 16
Bank deposits 46,208 54,010
Marketable securities 9,540 9,466
Trade receivables, net 5,296 9,978
Inventory 3,880 3,344
Prepaid expenses and other current assets 5,738 4,780
Total current assets 75,040 90,232
LONG-TERM ASSETS:    
Restricted deposits 3,111 3,189
Property and equipment, net 19,559 19,856
Operating lease right-of-use assets, net 24,372 25,086
Other long-term assets 88 89
Total long-term assets 47,130 48,220
Total assets 122,170 138,452
CURRENT LIABILITIES:    
Trade payables 10,142 8,599
Deferred revenues 2,027 1,852
Employees and payroll accruals 10,170 9,027
Accrued expenses and other current liabilities 5,674 5,998
Operating lease liabilities 5,992 5,949
Total current liabilities 34,005 31,425
LONG-TERM LIABILITIES:    
Operating lease liabilities 28,500 29,302
Warrants liability 1 7
Total long-term liabilities 28,501 29,309
SHAREHOLDERS' EQUITY:    
Ordinary shares of no-par value: Authorized: 500,000,000 shares as of March 31, 2026 and December 31, 2025; Issued and outstanding: 221,365,334 and 214,090,980 shares as of March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 883,703 875,558
Accumulated deficit (824,039) (797,840)
Total shareholders' equity 59,664 77,718
Total liabilities and shareholders' equity $ 122,170 $ 138,452