| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash flows used in operating activities: | ||||||
Net income (loss) | ||||||
-2,015 | 828 | 4,725 | 3,023 | 1,134 | ||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
4,814 | 2,964 | 1,782 | 1,347 | 1,168 | ||
Warrants to customers | ||||||
2,895 | 2,030 | 0 | - | - | ||
Share-based compensation | ||||||
4,411 | 2,993 | 2,383 | 897 | 126 | ||
Tax benefit related to exercise of stock options | ||||||
0 | -71 | 0 | 0 | - | ||
Amortization of premium on marketable securities | ||||||
-546 | -454 | 113 | 0 | 0 | ||
Realized gain on sale of marketable securities | ||||||
34 | 6 | 0 | 0 | - | ||
Accretion of payment obligation | ||||||
- | - | - | 0 | - | ||
Decrease (increase) in trade receivables | ||||||
-9,081 | 9,257 | 13,117 | 4,409 | 1,229 | ||
Decrease (increase) in other receivables and prepaid expenses | ||||||
-1,100 | 411 | 1,648 | -102 | 400 | ||
Decrease (increase) in inventories | ||||||
10,629 | 6,061 | 4,610 | 555 | 3,437 | ||
Increase (decrease) in accrued severance pay, net | ||||||
- | - | - | - | -3 | ||
Change in deferred taxes, net | ||||||
125 | 181 | 57 | 132 | 42 | ||
Decrease (increase) in other assets | ||||||
10 | 217 | 68 | -227 | - | ||
Increase in other assets | ||||||
- | - | - | - | 15 | ||
Decrease in trade payables | ||||||
-3,635 | 2,819 | 7,036 | -1,578 | 2,806 | ||
Increase (decrease) in deferred revenues | ||||||
- | - | - | - | 1,170 | ||
Increase (decrease) in employees and payroll accruals | ||||||
360 | 1,550 | 1,435 | 852 | 779 | ||
Increase (decrease) in deferred revenues and advances from customers | ||||||
-31 | 675 | -820 | -130 | - | ||
Increase in other payables and accrued expenses | ||||||
-461 | 1,879 | 223 | -323 | 830 | ||
Increase (decrease) in accrued severance pay, net | ||||||
-208 | -180 | 2 | - | - | ||
Increase in other long-term liabilities | ||||||
203 | 386 | 0 | 0 | - | ||
Interest on short-term bank deposit | ||||||
- | - | - | - | -5 | ||
Loss from sale of property and equipment | ||||||
-228 | -9 | -51 | - | 35 | ||
Foreign currency translation loss (gain) on inter company balances with foreign subsidiaries | ||||||
916 | -393 | -590 | -342 | 109 | ||
Net cash provided by (used in) operating activities | ||||||
5,990 | 956 | -2,210 | -337 | 2,738 | ||
Cash flows used in investing activities: | ||||||
Purchase of property and equipment | ||||||
5,660 | 5,462 | 1,861 | 1,911 | 1,248 | ||
Proceeds from sale of property and equipment | ||||||
6 | 0 | 8 | 6 | 47 | ||
Cash paid in connection with acquisition | ||||||
0 | 9,206 | 1,000 | 0 | 0 | ||
Purchase of intangible assets | ||||||
- | - | - | - | 327 | ||
Investments in bank deposits, net | ||||||
4,500 | -22,000 | 22,000 | -2,643 | 575 | ||
Proceeds from maturity of marketable securities | ||||||
7,240 | 4,500 | 1,500 | 0 | 0 | ||
Proceeds from sale of marketable securities | ||||||
-39,353 | -2,086 | 0 | 0 | - | ||
Purchase of marketable securities | ||||||
83,183 | 11,455 | 35,518 | 0 | 0 | ||
Net cash used in investing activities | ||||||
-46,744 | 2,463 | -58,871 | 738 | -2,103 | ||
Cash flows provided by financing activities: | ||||||
Proceeds from issuance of ordinary shares in a follow-on offering, net | ||||||
35,077 | 0 | 74,180 | - | - | ||
Exercise of employee stock options | ||||||
2,760 | 958 | 421 | 6 | 0 | ||
Proceeds from issuance of ordinary shares in a follow on offering, net | ||||||
- | - | - | 661 | 0 | ||
Payment of issuance cost related to warrants | ||||||
0 | -90 | 0 | 0 | - | ||
Tax benefit related to exercise of stock options | ||||||
0 | 71 | 0 | 0 | - | ||
Payment of contingent consideration | ||||||
-1,400 | 0 | 0 | - | - | ||
Net cash provided by financing activities | ||||||
36,437 | 939 | 74,601 | -655 | 0 | ||
Foreign currency translation adjustments on cash and cash equivalents | ||||||
157 | -33 | -49 | -82 | 31 | ||
Increase (decrease) in cash and cash equivalents | ||||||
-4,317 | 4,358 | 13,520 | -254 | 635 | ||
Cash paid during the year for income taxes | ||||||
853 | 593 | 1,368 | 1,663 | 903 | ||
Supplemental disclosure of non-cash investing and financing activities: | ||||||
Property and equipment acquired in credit | ||||||
427 | 808 | 422 | 113 | 37 | ||
Inventory transferred to be used as property and equipment | ||||||
397 | 1,090 | 692 | 265 | 208 | ||
Property and equipment transferred to be used as inventory | ||||||
0 | 0 | 106 | 112 | 0 | ||
Issuance expenses on credit | ||||||
0 | 362 | 0 | 188 | 0 | ||