INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

September 30,

December 31,

2022

2021

ASSETS

(Unaudited)

 CURRENT ASSETS:

Cash and cash equivalents

$

32,593

$

23,640

Short term restricted cash

723

901

Bank deposits

135,546

230,483

Marketable securities

34,602

11,607

Trade receivables

778

513

Inventory

4,708

4,256

Prepaid expenses and other current assets

3,254

3,029

 Total current assets

212,204

274,429

 LONG-TERM ASSETS:

Marketable securities

14,450

38,289

Restricted deposits

2,509

-

Property and equipment, net

28,246

14,502

Operating lease right-of-use assets, net

26,523

-

 Total long-term assets

71,728

52,791

 Total assets

$

283,932

$

327,220

 CURRENT LIABILITIES:

Trade payables

$

5,383

$

5,764

Advances from customers and deferred revenues

1,243

196

Employees and payroll accruals

9,879

8,997

Accrued expenses and other current liabilities

8,969

6,708

Operating lease liabilities

2,557

-

 Total current liabilities

28,031

21,665

 LONG-TERM LIABILITIES:

Advances from customers and deferred revenues

3,804

4,517

Other liabilities

-

597

Operating lease liabilities

29,913

-

Warrants liability

1,275

1,639

 Total long-term liabilities

34,992

6,753

 SHAREHOLDERS' EQUITY:

Ordinary Shares of no-par value

-

-

Additional paid-in capital

698,422

683,764

Accumulated deficit

(477,513)

(384,962)

 Total shareholders' equity

220,909

298,802

 Total liabilities and shareholders' equity

$

283,932

$

327,220