INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES | ||||||
CONSOLIDATED BALANCE SHEETS | ||||||
U.S. dollars in thousands | ||||||
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| September 30, |
| December 31, |
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| 2022 |
| 2021 |
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ASSETS |
| (Unaudited) |
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CURRENT ASSETS: |
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|
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Cash and cash equivalents | $ | 32,593 | $ | 23,640 |
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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 |
| |
|
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LONG-TERM ASSETS: |
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|
|
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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 |
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CURRENT LIABILITIES: |
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Trade payables | $ | 5,383 | $ | 5,764 |
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| 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 |
| |
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| LONG-TERM LIABILITIES: |
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| 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 |
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| SHAREHOLDERS' EQUITY: |
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| Ordinary Shares of no-par value |
| - |
| - |
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| Additional paid-in capital |
| 698,422 |
| 683,764 |
| |
| Accumulated deficit |
| (477,513) |
| (384,962) |
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| Total shareholders' equity |
| 220,909 |
| 298,802 |
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| Total liabilities and shareholders' equity | $ | 283,932 | $ | 327,220 |
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