INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

(Unaudited)

December 31,

December 31,

2023

2022

ASSETS

 CURRENT ASSETS:

Cash and cash equivalents

$

26,283

$

55,718

Short term restricted cash

53

236

Bank deposits

105,750

80,684

Marketable securities

13,335

41,681

Trade receivables, net

7,395

1,762

Inventory

1,868

4,236

Prepaid expenses and other current assets

5,774

3,236

 Total current assets

160,458

187,553

 LONG-TERM ASSETS:

Marketable securities

4,813

7,840

Restricted deposits

2,623

2,543

Property and equipment, net

25,770

30,489

Operating lease right-of-use assets, net

25,486

26,927

Other long-term assets

84

81

 Total long-term assets

58,776

67,880

 Total assets

$

219,234

$

255,433

 LIABILITIES AND SHAREHOLDERS' EQUITY

 CURRENT LIABILITIES:

Trade payables

$

8,036

$

8,367

Deferred revenues

6,949

4,082

Employees and payroll accruals

9,468

8,693

Accrued expenses and other current liabilities

8,743

7,572

Operating lease liabilities

4,034

3,720

 Total current liabilities

37,230

32,434

 LONG-TERM LIABILITIES:

Deferred revenues

-

61

Operating lease liabilities

28,475

30,201

Warrants liability

240

720

 Total long-term liabilities

28,715

30,982

 SHAREHOLDERS' EQUITY:

Ordinary Shares of no-par value

-

-

Additional paid-in capital

788,577

703,851

Accumulated deficit

(635,288)

(511,834)

 Total shareholders' equity

153,289

192,017

 Total liabilities and shareholders' equity

$

219,234

$

255,433