INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS | |||||
U.S. dollars in thousands |
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| June 30, |
| December 31, |
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| 2022 |
| 2021 |
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| (Unaudited) |
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ASSETS |
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CURRENT ASSETS: |
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Cash and cash equivalents | $ | 50,279 | $ | 23,640 |
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Restricted cash |
| 718 |
| 901 |
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Bank deposits |
| 145,728 |
| 230,483 |
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Marketable securities |
| 21,886 |
| 11,607 |
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Trade receivables |
| 1,075 |
| 513 |
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Inventory |
| 4,651 |
| 4,256 |
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Prepaid expenses and other current assets |
| 6,145 |
| 3,029 |
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Total current assets |
| 230,482 |
| 274,429 |
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LONG-TERM ASSETS: |
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Marketable securities |
| 27,303 |
| 38,289 |
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Restricted deposits |
| 2,482 |
| - |
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Property and equipment, net |
| 21,485 |
| 14,502 |
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Operating lease right-of-use assets, net |
| 27,361 |
| - |
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Total long-term assets |
| 78,631 |
| 52,791 |
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Total assets | $ | 309,113 | $ | 327,220 |
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| LIABILITIES AND SHAREHOLDERS' EQUITY |
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| CURRENT LIABILITIES: |
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| Trade payables | $ | 5,824 | $ | 5,764 |
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| Advances from customers and deferred revenues |
| 334 |
| 196 |
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| Employees and payroll accruals |
| 8,439 |
| 8,997 |
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| Accrued expenses and other current liabilities |
| 11,716 |
| 6,708 |
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| Operating lease liabilities |
| 1,481 |
| - |
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| Total current liabilities |
| 27,794 |
| 21,665 |
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| LONG-TERM LIABILITIES: |
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| Advances from customers and deferred revenues |
| 4,622 |
| 4,517 |
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| Other liabilities |
| - |
| 597 |
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| Operating lease liabilities |
| 25,914 |
| - |
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| Warrants liability |
| 835 |
| 1,639 |
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| Total long-term liabilities |
| 31,371 |
| 6,753 |
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| SHAREHOLDERS' EQUITY: |
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| Ordinary Shares of no-par value |
| - |
| - |
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| Additional paid-in capital |
| 693,256 |
| 683,764 |
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| Accumulated deficit |
| (443,308) |
| (384,962) |
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| Total shareholders' equity |
| 249,948 |
| 298,802 |
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| Total liabilities and shareholders' equity | $ | 309,113 | $ | 327,220 |
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