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, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (126,872) $ (153,559) $ (81,511)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 7,472 3,960 2,661
Remeasurement of warrants liability (890) (1,216) 0
Issuance cost allocated to warrants liability 0 1,830 (0)
Increase in accrued interest on bank deposits (705) (436) 0
Decrease in marketable securities 375 104 0
Share-based compensation 19,449 64,736 3,196
Realization of investment in non-marketable equity securities 0 (2,012) 0
Capital gain, net (44) 0 (6)
Share-based payment to a customer 0 0 14,800
Foreign exchange loss (gain), net 1,233 (577) (572)
Decrease (increase) in prepaid expenses and other assets (377) 620 (1,296)
Decrease (increase) in trade receivables, net (1,249) 1,993 (1,485)
Decrease (increase) in inventory 20 (2,092) (823)
Changes in operating lease assets and liabilities, net 6,530 0 0
Increase (decrease) in trade payables 1,082 (1,997) 606
Increase (decrease) in accrued expenses and other liabilities 607 3,076 (820)
Increase (decrease) in employees and payroll accruals (304) 3,469 2,111
Increase (decrease) in advances from customers and deferred revenues 262 (421) 1,198
Net cash used in operating activities (93,411) (82,522) (61,941)
Cash flows from investing activities:      
Purchase of property and equipment (22,567) (3,784) (5,120)
Proceeds from sales of property and equipment 54 0 47
Investment in bank deposits (79,500) (375,047) 0
Withdrawal of bank deposits 230,000 145,000 34,720
Decrease (increase) in restricted deposits (2,633) 56 (56)
Investment in marketable securities 0 (50,000) 0
Proceeds from sale of non-marketable securities 0 2,178 0
Net cash provided by (used in) investing activities 125,354 (281,597) 29,591
Cash flows from financing activities:      
Cash received from Transactions, net of issuance cost 0 121,357 0
Issuance of ordinary shares, net of issuance cost 0 217,507 0
Proceeds from issuance of convertible preferred shares, net of issuance cost 0 0 8,934
Proceeds from exercise of options 609 952 284
Repayment of loans 0 (2,638) (277)
Net cash provided by financing activities 609 337,178 8,941
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,139) 716 748
Increase (decrease) in cash, cash equivalents and restricted cash 31,413 (26,225) (22,661)
Cash, cash equivalents and restricted cash at beginning of the year 24,541 50,766 73,427
Cash, cash equivalents and restricted cash at end of the year 55,954 24,541 50,766
(1) Cash paid during the year for:      
Interest 0 94 89
Income taxes 128 237 85
(2) Non-cash transactions:      
Non-marketable equity securities in consideration for property and equipment 0 0 64
Reclassification from property and equipment, net to inventories 0 0 512
Conversion of preferred shares to ordinary shares 0 272,815 0
Purchase of property and equipment 2,335 1,433 0
Reclassification of warrants liability to equity 29 4,436 0
Issuance cost paid in equity 0 77,250 0
Right-of-use assets recognized with corresponding lease liabilities 30,078 0 0
(3) Cash, cash equivalents and restricted cash at end of the year:      
Cash and cash equivalents 55,718 23,640 49,950
Short-term restricted cash 236 901 8
Restricted deposits 0 0 808
Cash, cash equivalents and restricted cash at end of the year $ 55,954 $ 24,541 $ 50,766