INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands 

March 31,

December 31,

2022

2021

ASSETS

(Unaudited)

 CURRENT ASSETS:

   Cash and cash equivalents

$

19,636

$

23,640

   Short term deposits

205,810

230,483

   Marketable securities

15,180

11,607

   Restricted cash

882

901

   Trade receivables

1,104

513

   Inventory

4,616

4,256

   Prepaid expenses and other current assets

2,967

3,029

Total current assets

250,195

274,429

LONG-TERM ASSETS:

  Marketable securities

34,120

38,289

  Property and equipment, net

13,762

14,502

  Operating lease right-of-use assets, net

28,385

-

Total long-term assets

76,267

52,791

Total assets

$

326,462

$

327,220

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:

  Trade payables

$

5,374

$

5,764

   Advances from customers and deferred revenues

175

196

   Employees and payroll accruals

9,167

8,997

   Accrued expenses and other current liabilities

3,948

6,708

   Operating lease liabilities

1,209

-

Total current liabilities

19,873

21,665

LONG-TERM LIABILITIES:

   Advances from customers and deferred revenues

4,622

4,517

   Other liabilities

-

597

   Operating lease liabilities

27,862

-

   Warrants liability

701

1,639

Total long-term liabilities

33,185

6,753

SHAREHOLDERS' EQUITY:

   Ordinary Shares of no-par value

-

-

   Additional paid-in capital

688,594

683,764

   Accumulated deficit

(415,190)

(384,962)

Total shareholders' equity

273,404

298,802

Total liabilities and shareholders' equity

$

326,462

$

327,220