| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-20,838 | -19,592 | -17,213 | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Adjustments to the profit or loss items: | ||||||
Depreciation | ||||||
2,145 | 2,279 | 2,433 | ||||
Share-based compensation | ||||||
2,244 | 2,943 | 4,365 | ||||
Net financing income | ||||||
1,454 | 1,688 | 845 | ||||
Loss from sale of property, plant and equipment | ||||||
0 | -39 | 0 | ||||
Taxes on income | ||||||
11 | 36 | 0 | ||||
Adjustments to the profit or loss items | ||||||
2,946 | 3,609 | 5,953 | ||||
Changes in asset and liability items: | ||||||
Decrease (increase) in trade receivables | ||||||
37 | 2,506 | -1,492 | ||||
Decrease (increase) in other receivables | ||||||
221 | -100 | -293 | ||||
Decrease (increase) in long term deposits | ||||||
-6 | 9 | -1 | ||||
Decrease in trade payables | ||||||
-86 | -215 | -68 | ||||
Decrease (increase) in other payables | ||||||
136 | -303 | -640 | ||||
Increase (decrease) in severance pay liability, net | ||||||
2 | 5 | -3 | ||||
Decrease in deferred revenues and other advances | ||||||
-500 | -81 | -1,055 | ||||
Increase (decrease) in liabilities in respect of government grants | ||||||
0 | 115 | -284 | ||||
Changes in asset and liability items | ||||||
-196 | 1,936 | -3,836 | ||||
Cash received (paid) during the year for: | ||||||
Interest received | ||||||
2,173 | 2,360 | 2,689 | ||||
Taxes paid | ||||||
14 | 6 | 0 | ||||
Net cash used in operating activities | ||||||
-15,929 | -11,693 | -12,407 | ||||
Cash flows from investing activities: | ||||||
Purchase of property, plant and equipment | ||||||
590 | 808 | 2,005 | ||||
Proceeds from sale of marketable securities | ||||||
22,737 | 23,926 | 38,164 | ||||
Purchase of marketable securities | ||||||
11,659 | 24,561 | 31,168 | ||||
Proceeds from bank deposits, net | ||||||
4,757 | 5,466 | 11,443 | ||||
Proceeds from sale of property, plant and equipment | ||||||
0 | 5 | 0 | ||||
Decrease in restricted cash | ||||||
0 | 0 | 953 | ||||
Net cash provided by investing activities | ||||||
15,245 | 4,028 | 17,387 | ||||
Cash flows from financing activities: | ||||||
Proceeds from exercise of options | ||||||
683 | 186 | 296 | ||||
Proceeds from government grants | ||||||
339 | 802 | 167 | ||||
Repayment of government grants | ||||||
208 | 333 | 418 | ||||
Net cash provided by financing activities | ||||||
814 | 655 | 45 | ||||
Exchange rate differences - cash and cash equivalent balances | ||||||
69 | 25 | -17 | ||||
Increase (decrease) in cash and cash equivalents | ||||||
199 | -6,985 | 5,008 | ||||
Significant non-cash activities: | ||||||
Acquisition of property, plant and equipment | ||||||
39 | 150 | 349 | ||||