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, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 25,365 $ 26,283
Short-term restricted cash 16 53
Bank deposits 30,628 105,750
Marketable securities 11,955 13,335
Trade receivables, net 6,043 7,395
Inventory 1,905 1,868
Prepaid expenses and other current assets 6,707 5,774
Total current assets 82,619 160,458
LONG-TERM ASSETS:    
Marketable securities 0 4,813
Restricted deposits 2,725 2,623
Property and equipment, net 23,432 25,770
Operating lease right-of-use assets, net 23,194 25,486
Other long-term assets 79 84
Total long-term assets 49,430 58,776
Total assets 132,049 219,234
CURRENT LIABILITIES:    
Trade payables 8,813 8,036
Deferred revenues 274 6,949
Employees and payroll accruals 8,722 9,468
Accrued expenses and other current liabilities 5,631 8,743
Operating lease liabilities 4,330 4,034
Total current liabilities 27,770 37,230
LONG-TERM LIABILITIES:    
Operating lease liabilities 25,264 28,475
Warrants liability 86 240
Total long-term liabilities 25,350 28,715
SHAREHOLDERS' EQUITY:    
Ordinary Shares of no-par value: Authorized: 500,000,000 shares as of December 31, 2024 and 2023; Issued and outstanding: 169,397,030 and 165,387,098 shares as of December 31, 2024 and 2023, respectively 0 0
Additional paid-in capital 808,974 788,577
Accumulated deficit (730,045) (635,288)
Total shareholders' equity 78,929 153,289
Total liabilities and shareholders' equity $ 132,049 $ 219,234