INNOVIZ TECHNOLOGIES LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
|
| December 31, |
| December 31, |
|
|
| 2021 |
| 2020 |
|
|
| (Unaudited) |
| (Audited) |
|
ASSETS |
|
|
|
|
|
CURRENT ASSETS: |
|
|
|
|
|
Cash and cash equivalents | $ | 23,640 | $ | 49,950 |
|
Short term deposits |
| 230,483 |
| - |
|
Marketable securities |
| 11,607 |
| - |
|
Short-term restricted cash |
| 901 |
| 8 |
|
Trade receivables |
| 513 |
| 2,506 |
|
Inventory |
| 4,256 |
| 2,164 |
|
Prepaid expenses and other current assets |
| 3,029 |
| 3,287 |
|
Total current assets |
| 274,429 |
| 57,915 |
|
LONG-TERM ASSETS: |
|
|
|
|
|
Marketable securities |
| 38,289 |
| - |
|
Restricted deposits |
| - |
| 864 |
|
Other long-term assets |
| - |
| 537 |
|
Property and equipment, net |
| 14,502 |
| 13,245 |
|
Total long-term assets |
| 52,791 |
| 14,646 |
|
Total assets | $ | 327,220 | $ | 72,561 |
|
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY (DEFICIT) |
|
|
|
|
|
CURRENT LIABILITIES: |
|
|
|
|
|
Trade payables | $ | 5,764 | $ | 7,751 |
|
Advances from customers and deferred revenues |
| 196 |
| 1,661 |
|
Employees and payroll accruals |
| 8,997 |
| 5,528 |
|
Accrued expenses and other current liabilities |
| 6,708 |
| 2,579 |
|
Short term loan and current maturities |
| - |
| 275 |
|
Total current liabilities |
| 21,665 |
| 17,794 |
|
LONG-TERM LIABILITIES: |
|
|
|
|
|
Loan, net of current maturities |
| - |
| 2,224 |
|
Long-term advances from customers and deferred revenues |
| 4,517 |
| 3,473 |
|
Other long-term liabilities |
| 597 |
| - |
|
Warrant liability |
| 1,639 |
| - |
|
Total long-term liabilities |
| 6,753 |
| 5,697 |
|
Convertible preferred shares |
| - |
| 272,815 |
|
SHAREHOLDERS' EQUITY (DEFICIT): |
|
|
|
|
|
Ordinary shares of no-par value |
| *- |
| *- |
|
Additional paid-in capital |
| 683,764 |
| 7,658 |
|
Accumulated deficit |
| (384,962) |
| (231,403) |
|
Total shareholders' equity (deficit) |
| 298,802 |
| (223,745) |
|
Total liabilities, convertible preferred shares and shareholders' equity (deficit) | $ | 327,220 | $ | 72,561 |
|
* Represents amount lower than $1 |
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