1 The December 31, 2023, balances were derived from the Company’s audited annual financial statements
Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive Income | ||||||
Three Months Ended
March 31, |
Year ended
December 31, | |||||
2023 | 2024 | 2023 | ||||
Thousands | Thousands | Thousands | ||||
USD | USD | USD | ||||
Revenues | 14,965 | 13,364 | 56,314 | |||
Cost of revenues | 8,267 | 7,142 | 30,759 | |||
Cost of revenues - write-down of inventories | 132 | 44 | 97 | |||
Total cost of revenues | 8,399 | 7,186 | 30,856 | |||
Gross profit | 6,566 | 6,178 | 25,458 | |||
Research and development expenses | 19,250 | 9,133 | 62,004 | |||
Sales and marketing expenses | 7,486 | 6,517 | 31,707 | |||
General and administrative expenses | 11,033 | 9,602 | 58,254 | |||
Other income, net | — | 109 | 1,627 | |||
Operating loss | (31,203 | ) | (18,965 | ) | (124,880 | ) |
Finance income | 56,826 | 11,311 | 70,934 | |||
Finance expenses | 3,590 | 27,324 | 1,652 | |||
Income (Loss) before taxes on income | 22,033 | (34,978 | ) | (55,598 | ) | |
Taxes benefit (expenses) | (74 | ) | 16 | (62 | ) | |
Income (Loss) for the period | 21,959 | (34,962 | ) | (55,660 | ) | |
Loss attributable to non-controlling interests | (263 | ) | (190 | ) | (1,110 | ) |
Income (Loss) attributable to owners | 22,222 | (34,772 | ) | (54,550 | ) | |
Income (Loss) per share | ||||||
Basic gain (loss) per share | 0.09 | (0.15 | ) | (0.22 | ) | |
Other comprehensive income items that after initial recognition in comprehensive income were or will be transferred to profit or loss | ||||||
Foreign currency translation differences for foreign operations | 403 | (1,704 | ) | 2,368 | ||
Other comprehensive income items that will not be transferred to profit or loss | ||||||
Remeasurement of net defined benefit liability (IAS 19), net of tax | — | (1,433 | ) | (1,801 | ) | |
Total other comprehensive income (loss) for the period | 403 | (3,137 | ) | 567 | ||
Total comprehensive income (loss) for the period | 22,362 | (38,099 | ) | (55,093 | ) | |
Comprehensive loss attributable to non-controlling interests | (250 | ) | (214 | ) | (1,088 | ) |
Comprehensive income (loss) attributable to owners of the Company | 22,612 | (37,885 | ) | (54,005 | ) |