INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

 CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands

June 30,

December 31,

2023

2022

ASSETS

(Unaudited)

 CURRENT ASSETS:

Cash and cash equivalents

$

34,331

$

55,718

Short term restricted cash

52

236

Bank deposits

62,710

80,684

Marketable securities

24,639

41,681

Trade receivables, net

2,382

1,762

Inventory

4,584

4,236

Prepaid expenses and other current assets

2,400

3,236

 Total current assets

131,098

187,553

 LONG-TERM ASSETS:

Marketable securities

7,838

7,840

Restricted deposits

2,508

2,543

Property and equipment, net

30,744

30,489

Operating lease right-of-use assets, net

26,528

26,927

Other long-term assets

83

81

 Total long-term assets

67,701

67,880

 Total assets

$

198,799

$

255,433

     LIABILITIES AND SHAREHOLDERS' EQUITY

 CURRENT LIABILITIES:

Trade payables

$

6,993

$

8,367

Advances from customers and deferred revenues

4,219

4,082

Employees and payroll accruals

9,379

8,693

Accrued expenses and other current liabilities

7,170

7,572

Operating lease liabilities

5,602

3,720

 Total current liabilities

33,363

32,434

 LONG-TERM LIABILITIES:

Advances from customers and deferred revenues

121

61

Operating lease liabilities

28,122

30,201

Warrants liability

467

720

 Total long-term liabilities

28,710

30,982

 SHAREHOLDERS' EQUITY:

Ordinary Shares of no-par value

-

-

Additional paid-in capital

714,534

703,851

Accumulated deficit

(577,808)

(511,834)

 Total shareholders' equity

136,726

192,017

 Total liabilities and shareholders' equity

$

198,799

$

255,433