Innoviz Technologies Reports Full Year 2022 Financial and Operational Results

 

 

INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES


CONSOLIDATED BALANCE SHEETS


U.S. dollars in thousands 






December 31,


December 31,




2022


2021


    ASSETS


(Unaudited)


(Audited)


 CURRENT ASSETS:






Cash and cash equivalents

$

55,718

$

23,640


Short term restricted cash


236


901


Bank deposits


80,684


230,483


Marketable securities


41,681


11,607


Trade receivables, net


1,762


513


Inventory


4,236


4,256


Prepaid expenses and other current assets


3,236


3,029


 Total current assets


187,553


274,429








 LONG-TERM ASSETS:






Marketable securities


7,840


38,289


Restricted deposits


2,543


-


Property and equipment, net


30,489


14,502


Operating lease right-of-use assets, net


26,927


-


Other long-term assets


81


-


 Total long-term assets


67,880


52,791


 Total assets

$

255,433

$

327,220














  LIABILITIES AND SHAREHOLDERS' EQUITY






 CURRENT LIABILITIES:






Trade payables

$

8,367

$

5,764


Advances from customers and deferred revenues


4,082


196


Employees and payroll accruals


8,693


8,997


Accrued expenses and other current liabilities


7,572


6,708


Operating lease liabilities


3,720


-


 Total current liabilities


32,434


21,665














LONG-TERM LIABILITIES:






Advances from customers and deferred revenues


61


4,517


Other liabilities


-


597


Operating lease liabilities


30,201


-


Warrants liability


720


1,639


 Total long-term liabilities


30,982


6,753








 SHAREHOLDERS' EQUITY:






Ordinary Shares of no-par value


-


-


Additional paid-in capital


703,851


683,764


Accumulated deficit


(511,834)


(384,962)


 Total shareholders' equity


192,017


298,802


 Total liabilities and shareholders' equity

$

255,433

$

327,220









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