Innoviz Technologies Provides Commercial Updates and Reports Third Quarter 2022 Financial Results

 

 

INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands




September 30,


December 31,




2022


2021


ASSETS


(Unaudited)




 CURRENT ASSETS:






Cash and cash equivalents

$

32,593

$

23,640


Short term restricted cash


723


901


Bank deposits


135,546


230,483


Marketable securities


34,602


11,607


Trade receivables


778


513


Inventory


4,708


4,256


Prepaid expenses and other current assets


3,254


3,029


 Total current assets


212,204


274,429








 LONG-TERM ASSETS:






Marketable securities


14,450


38,289


Restricted deposits


2,509


-


Property and equipment, net


28,246


14,502


Operating lease right-of-use assets, net


26,523


-


 Total long-term assets


71,728


52,791


 Total assets

$

283,932

$

327,220












 CURRENT LIABILITIES:






Trade payables

$

5,383

$

5,764


Advances from customers and deferred revenues


1,243


196


Employees and payroll accruals


9,879


8,997


Accrued expenses and other current liabilities


8,969


6,708


Operating lease liabilities


2,557


-


 Total current liabilities


28,031


21,665








 LONG-TERM LIABILITIES:












Advances from customers and deferred revenues


3,804


4,517


Other liabilities


-


597


Operating lease liabilities


29,913


-


Warrants liability


1,275


1,639


 Total long-term liabilities


34,992


6,753








 SHAREHOLDERS' EQUITY:






Ordinary Shares of no-par value


-


-


Additional paid-in capital


698,422


683,764


Accumulated deficit


(477,513)


(384,962)


 Total shareholders' equity


220,909


298,802


 Total liabilities and shareholders' equity

$

283,932

$

327,220




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