Three Months Ended 

September 30,

Nine Months Ended 

September 30,

2024

2023

2024

2023

CASH FLOW FROM OPERATING ACTIVITIES

Net loss for the period 

(10,355)

(12,492)

(29,266)

(22,451)

Adjustments to reconcile net loss to net cash used in operating activities:

Income and expense items not involving cash flows:

Depreciation and amortization

823

400

1,758

1,193

Stock-based compensation 

3,760

3,708

11,259

11,517

Exchange rate differences

87

1,379

1,353

3,652

Interest on short-term deposits

(312)

22

605

(367)

Change in fair value of forfeiture shares

(3)

(89)

(38)

(1,618)

Change in earnout liability

264

-

292

-

Reduction in the carrying amount of ROU assets

896

478

1,619

1,464

Equity in earnings of investee, net of dividend received

4

6

21

13

Changes in operating assets and liabilities, net of effects of
businesses acquired: 

Trade accounts receivable 

2,804

8,429

7,719

3,854

Prepaid expenses and other current assets

977

643

1,285

1,046

Inventories

2,274

2,115

4,675

6,914

Long-term assets 

(73)

(40)

(7)

(6)

Current Liabilities

2,692

1,916

1,590

(6,256)

Change in operating lease liabilities

(865)

(392)

(1,487)

(1,251)

Other long-term liabilities

(9)

5

(29)

73

Net cash provided by (used in) operating activities 

2,964

6,088

1,349

(2,223)

CASH FLOWS FROM INVESTING ACTIVITIES:

    Investment in short-term deposits

(16,443)

(64,189)

(103,662)

(173,342)

    Maturities of short-term deposits 

25,380

47,803

129,418

166,757

    Purchase of property and equipment

(722)

(180)

(987)

(1,099)

    Cash paid for business combination, net of cash acquired

-

-

(7,800)

-

    Net cash provided by (used in) investing activities

8,215

(16,566)

16,969

(7,684)

CASH FLOWS FROM FINANCING ACTIVITIES:

    Exercise of stock options

56

279

692

1,265

    Net cash provided by financing activities

56

279

692

1,265

    Effect of exchange rate changes on cash and cash equivalents

(498)

(25)

(828)

(196)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

10,737

(10,224)

18,182

(8,838)

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

24,706

21,410

17,261

20,024

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

35,443

11,186

35,443

11,186

SUPPLEMENT DISCLOSURE OF CASH FLOW INFORMATION

    Cash paid for taxes

39

10

102

262

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING
AND FINANCING ACTIVITIES

Trade accounts payable on account of property and equipment

309

-

309

125

Fair value of earnout liability assumed in business combination

-

-

2,036

-

Operating lease liabilities arising from obtaining operating right-of-use assets

579

33

5,412

469