INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

March 31,

December 31,

2024

2023

(Unaudited)

(Audited)

ASSETS

 CURRENT ASSETS:

Cash and cash equivalents

$

14,271

$

26,283

Short term restricted cash

53

53

Bank deposits

95,633

105,750

Marketable securities

13,543

13,335

Trade receivables, net

337

7,395

Inventory

2,012

1,868

Prepaid expenses and other current assets

2,277

5,774

 Total current assets

128,126

160,458

 LONG-TERM ASSETS:

Marketable securities

4,806

4,813

Restricted deposits

2,566

2,623

Property and equipment, net

24,357

25,770

Operating lease right-of-use assets, net

24,926

25,486

Other long-term assets

82

84

 Total long-term assets

56,737

58,776

 Total assets

$

184,863

$

219,234

 LIABILITIES AND SHAREHOLDERS' EQUITY

 CURRENT LIABILITIES:

Trade payables

$

5,043

$

8,036

Deferred revenues

582

6,949

Employees and payroll accruals

10,252

9,468

Accrued expenses and other current liabilities

8,192

8,743

Operating lease liabilities

4,054

4,034

 Total current liabilities

28,123

37,230

 LONG-TERM LIABILITIES:

Operating lease liabilities

27,315

28,475

Warrants liability

154

240

 Total long-term liabilities

27,469

28,715

 SHAREHOLDERS' EQUITY:

Ordinary Shares of no-par value

-

-

Additional paid-in capital

794,697

788,577

Accumulated deficit

(665,426)

(635,288)

 Total shareholders' equity

129,271

153,289

 Total liabilities and shareholders' equity

$

184,863

$

219,234