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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| 2023 |
| 2022 |
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ASSETS |
| (Unaudited) |
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CURRENT ASSETS: |
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Cash and cash equivalents | $ | 29,782 | $ | 55,718 |
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Short term restricted cash |
| 51 |
| 236 |
|
Bank deposits |
| 111,077 |
| 80,684 |
|
Marketable securities |
| 15,458 |
| 41,681 |
|
Trade receivables, net |
| 4,872 |
| 1,762 |
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Inventory |
| 4,838 |
| 4,236 |
|
Prepaid expenses and other current assets |
| 5,444 |
| 3,236 |
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Total current assets |
| 171,522 |
| 187,553 |
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LONG-TERM ASSETS: |
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Marketable securities |
| 7,390 |
| 7,840 |
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Restricted deposits |
| 2,457 |
| 2,543 |
|
Property and equipment, net |
| 29,080 |
| 30,489 |
|
Operating lease right-of-use assets, net |
| 26,069 |
| 26,927 |
|
Other long-term assets |
| 81 |
| 81 |
|
Total long-term assets |
| 65,077 |
| 67,880 |
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Total assets | $ | 236,599 | $ | 255,433 |
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| LIABILITIES AND SHAREHOLDERS' EQUITY |
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| CURRENT LIABILITIES: |
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| Trade payables | $ | 7,006 | $ | 8,367 |
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| Advances from customers and deferred revenues |
| 4,596 |
| 4,082 |
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| Employees and payroll accruals |
| 8,717 |
| 8,693 |
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| Accrued expenses and other current liabilities |
| 6,971 |
| 7,572 |
|
| Operating lease liabilities |
| 3,857 |
| 3,720 |
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| Total current liabilities |
| 31,147 |
| 32,434 |
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| LONG-TERM LIABILITIES: |
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| Advances from customers and deferred revenues |
| 121 |
| 61 |
|
| Operating lease liabilities |
| 27,643 |
| 30,201 |
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| Warrants liability |
| 368 |
| 720 |
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| Total long-term liabilities |
| 28,132 |
| 30,982 |
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| SHAREHOLDERS' EQUITY: |
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| Ordinary Shares of no-par value |
| - |
| - |
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| Additional paid-in capital |
| 782,157 |
| 703,851 |
|
| Accumulated deficit |
| (604,837) |
| (511,834) |
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| Total shareholders' equity |
| 177,320 |
| 192,017 |
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| Total liabilities and shareholders' equity | $ | 236,599 | $ | 255,433 |
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