INNOVIZ TECHNOLOGIES LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

December 31,

March 31,

2020

2021

(Unaudited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

49,950

$

199,092

Restricted deposits

8

8

Trade receivables

2,506

2,812

Inventories

2,164

3,112

Prepaid expenses and other current assets

3,287

4,126

Total current assets

57,915

209,150

LONG-TERM ASSETS:

Restricted deposits

864

833

Other long-term assets

537

26,369

Property and equipment, net

13,245

13,309

Total long-term assets

14,646

40,511

Total assets

$

72,561

$

249,661

LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' DEFICIT

CURRENT LIABILITIES:

Trade payables

$

7,751

$

4,518

Advances from customers and deferred revenues

1,661

3,012

Employees and payroll accruals

5,528

6,260

Accrued expenses and other current liabilities

2,854

29,632

Receipts on Ordinary Shares account

-

170,500

Total current liabilities

17,794

213,922

LONG-TERM LIABILITIES:

Loan, net of current maturities

2,224

2,077

Long-term advances from customers and deferred revenues

3,473

3,473

Total long-term liabilities

5,697

5,550

Convertible preferred shares

272,815

272,815

SHAREHOLDERS' DEFICIT:

    Ordinary Shares of no-par value

*-

*-

Additional paid-in capital

7,658

9,453

Accumulated deficit

(231,403)

(252,079)

Total shareholders' deficit

(223,745)

(242,626)

Total liabilities, convertible preferred shares and shareholders' deficit

$

72,561

$

249,661