INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands 

March 31,

December 31,

2023

2022

ASSETS

(Unaudited)

 CURRENT ASSETS:

Cash and cash equivalents

$

113,381

$

55,718

Short term restricted cash

53

236

Bank deposits

-

80,684

Marketable securities

35,187

41,681

Trade receivables, net

2,054

1,762

Inventory

4,133

4,236

Prepaid expenses and other current assets

2,976

3,236

 Total current assets

157,784

187,553

 LONG-TERM ASSETS:

Marketable securities

7,898

7,840

Restricted deposits

2,535

2,543

Property and equipment, net

30,978

30,489

Operating lease right-of-use assets

27,112

26,927

Other long-term assets

83

81

 Total long-term assets

68,606

67,880

 Total assets

$

226,390

$

255,433

     LIABILITIES AND SHAREHOLDERS' EQUITY

 CURRENT LIABILITIES:

Trade payables

$

6,476

$

8,367

Advances from customers and deferred revenues

4,241

4,082

Employees and payroll accruals

9,472

8,693

Accrued expenses and other current liabilities

8,574

7,572

Operating lease liabilities

4,744

3,720

 Total current liabilities

33,507

32,434

 LONG-TERM LIABILITIES:

Advances from customers and deferred revenues

121

61

Operating lease liabilities

29,395

30,201

Warrants liability

712

720

 Total long-term liabilities

30,228

30,982

 SHAREHOLDERS' EQUITY:

Ordinary Shares of no-par value

-

-

Additional paid-in capital

709,289

703,851

Accumulated deficit

(546,634)

(511,834)

 Total shareholders' equity

162,655

192,017

 Total liabilities and shareholders' equity

$

226,390

$

255,433