INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES |
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CONSOLIDATED BALANCE SHEETS |
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U.S. dollars in thousands |
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| March 31, |
| December 31, |
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| 2023 |
| 2022 |
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ASSETS |
| (Unaudited) |
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CURRENT ASSETS: |
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Cash and cash equivalents | $ | 113,381 | $ | 55,718 |
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Short term restricted cash |
| 53 |
| 236 |
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Bank deposits |
| - |
| 80,684 |
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Marketable securities |
| 35,187 |
| 41,681 |
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Trade receivables, net |
| 2,054 |
| 1,762 |
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Inventory |
| 4,133 |
| 4,236 |
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Prepaid expenses and other current assets |
| 2,976 |
| 3,236 |
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Total current assets |
| 157,784 |
| 187,553 |
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LONG-TERM ASSETS: |
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Marketable securities |
| 7,898 |
| 7,840 |
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Restricted deposits |
| 2,535 |
| 2,543 |
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Property and equipment, net |
| 30,978 |
| 30,489 |
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Operating lease right-of-use assets |
| 27,112 |
| 26,927 |
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Other long-term assets |
| 83 |
| 81 |
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Total long-term assets |
| 68,606 |
| 67,880 |
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Total assets | $ | 226,390 | $ | 255,433 |
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| LIABILITIES AND SHAREHOLDERS' EQUITY |
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| CURRENT LIABILITIES: |
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| Trade payables | $ | 6,476 | $ | 8,367 |
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| Advances from customers and deferred revenues |
| 4,241 |
| 4,082 |
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| Employees and payroll accruals |
| 9,472 |
| 8,693 |
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| Accrued expenses and other current liabilities |
| 8,574 |
| 7,572 |
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| Operating lease liabilities |
| 4,744 |
| 3,720 |
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| Total current liabilities |
| 33,507 |
| 32,434 |
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| LONG-TERM LIABILITIES: |
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| Advances from customers and deferred revenues |
| 121 |
| 61 |
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| Operating lease liabilities |
| 29,395 |
| 30,201 |
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| Warrants liability |
| 712 |
| 720 |
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| Total long-term liabilities |
| 30,228 |
| 30,982 |
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| SHAREHOLDERS' EQUITY: |
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| Ordinary Shares of no-par value |
| - |
| - |
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| Additional paid-in capital |
| 709,289 |
| 703,851 |
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| Accumulated deficit |
| (546,634) |
| (511,834) |
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| Total shareholders' equity |
| 162,655 |
| 192,017 |
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| Total liabilities and shareholders' equity | $ | 226,390 | $ | 255,433 |
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