INNOVIZ TECHNOLOGIES LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

December 31,

September 30,

2020

2021

(Unaudited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

49,950

$

139,569

Short term deposits

-

185,000

Short-term Restricted Cash

8

868

Trade receivables

2,506

554

Inventory

2,164

4,611

Prepaid expenses and other current assets

3,287

5,159

Total current assets

57,915

335,761

LONG-TERM ASSETS:

Restricted deposits

864

-

Other long-term assets

537

163

Property and equipment, net

13,245

14,219

Total long-term assets

14,646

14,382

Total assets

$

72,561

$

350,143

LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:

Trade payables

$

7,751

$

3,830

Advances from customers and deferred revenues

1,661

1,536

Employees and payroll accruals

5,528

7,671

Accrued expenses and other current liabilities

2,579

4,140

Short term loan and current maturities

275

2,400

Total current liabilities

17,794

19,577

LONG-TERM LIABILITIES:

Loan, net of current maturities

2,224

-

Long-term advances from customers and deferred revenues

3,473

3,588

Warrant liability

-

4,547

Total long-term liabilities

5,697

8,135

Convertible preferred shares

272,815

-

SHAREHOLDERS' EQUITY (DEFICIT):

Ordinary shares of no-par value

*-

*-

Additional paid-in capital

7,658

673,475

Accumulated deficit

(231,403)

(351,044)

Total shareholders' equity (deficit)

(223,745)

322,431

Total liabilities, convertible preferred shares and shareholders' equity (deficit)

$

72,561

$

350,143

   * Represents amount lower than $1