v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (8,563) $ (7,449)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,030 673
Stock-based compensation 4,533 1,496
Change in fair value of warrants (2,714) (2,787)
Changes in operating assets and liabilities    
Decrease in trade receivables, net 3,708 163
Increase in prepaid expenses and other current assets (2,922) (1,950)
(Increase) / decrease in operating lease right of use assets 459 431
Increase/ (decrease) in trade payables 1,558 (191)
Increase / (decrease) in employees and payroll accruals (299) 1,704
Increase / (decrease) in operating lease liabilities (584) (410)
Increase in accrued expenses and other current liabilities 3,162 1,107
Net cash provided by / (used in) operating activities 368 (7,213)
Cash flows from investing activities:    
Acquisition of business, net of cash acquired 0 (99,568)
Internal use software capitalization (3,091) (1,671)
Purchase of property and equipment (89) (97)
Withdrawal of short-term bank deposits 10,000 0
Decrease (increase) in deposits 7 3
Net cash provided by / (used in) investing activities 6,827 (101,333)
Cash flows from financing activities:    
Proceeds from loans 5,000 0
Repayment of loans (5,000) 0
Payment of SPAC merger transaction costs 0 (3,180)
Proceeds from exercise of options 250 462
Net cash provided by / (used in) financing activities 250 (2,718)
Increase (decrease) in cash, cash equivalents and restricted cash 7,445 (111,264)
Cash, cash equivalents and restricted cash at the beginning of the period 37,971 157,158
Cash, cash equivalents and restricted cash at the end of the period 45,416 45,894
Supplemental disclosure of cash flows activities:    
Income taxes paid, net of tax refunds 203 165
Interest 362 61
Non-cash transactions    
Business combination consideration paid in stock 0 47,152
Reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets    
Cash and cash equivalents 45,015 45,441
Long-term restricted deposits 401 453
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 45,416 $ 45,894

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