Protalix BioTherapeutics, Inc. PP&E Disclosure
| a. | Composition of property and equipment grouped by major classifications is as follows: |
December 31, | ||||||
(U.S. dollars in thousands) | | 2024 | | 2025 | ||
Laboratory equipment | $ | 19,043 | $ | 20,090 | ||
Furniture and computer equipment |
| 3,374 |
| 3,765 | ||
Leasehold improvements |
| 17,913 |
| 18,070 | ||
$ | 40,330 | $ | 41,925 | |||
Less – accumulated depreciation and amortization |
| (35,739) |
| (37,046) | ||
$ | 4,591 | $ | 4,879 | |||
| b. | Depreciation in respect of property and equipment during the years ended December 31, 2023, 2024, and 2025 were as follows: |
Year ended December 31, | |||||||||
(U.S. dollars in thousands) | | 2023 | | 2024 | | 2025 | |||
Depreciation in respect of property and equipment | $ | 1,191 | $ | 1,304 | $ | 1,465 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 18, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 30, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 18, 2019 | |
| 2017 | Mar 6, 2018 | |
| 2016 | Mar 16, 2017 | |
| 2015 | Mar 8, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.