INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES | |||||
CONSOLIDATED BALANCE SHEETS | |||||
U.S. dollars in thousands | |||||
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|
| June 30, |
| December 31, |
|
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|
| 2024 |
| 2023 |
|
ASSETS |
| (Unaudited) |
| (Audited) |
|
CURRENT ASSETS: |
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|
|
|
Cash and cash equivalents | $ | 24,012 | $ | 26,283 |
|
Short term restricted cash |
| 67 |
| 53 |
|
Bank deposits |
| 65,785 |
| 105,750 |
|
Marketable securities |
| 15,281 |
| 13,335 |
|
Trade receivables, net |
| 5,418 |
| 7,395 |
|
Inventory |
| 1,753 |
| 1,868 |
|
Prepaid expenses and other current assets |
| 2,122 |
| 5,774 |
|
Total current assets |
| 114,438 |
| 160,458 |
|
|
|
|
|
|
|
|
LONG-TERM ASSETS: |
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|
|
|
|
Marketable securities |
| 1,227 |
| 4,813 |
|
Restricted deposits |
| 2,539 |
| 2,623 |
|
Property and equipment, net |
| 24,182 |
| 25,770 |
|
Operating lease right-of-use assets, net |
| 24,358 |
| 25,486 |
|
Other long-term assets |
| 82 |
| 84 |
|
Total long-term assets |
| 52,388 |
| 58,776 |
|
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|
|
|
|
|
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Total assets | $ | 166,826 | $ | 219,234 |
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| LIABILITIES AND SHAREHOLDERS' EQUITY |
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| CURRENT LIABILITIES: |
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| Trade payables | $ | 6,364 | $ | 8,036 |
|
| Deferred revenues |
| 462 |
| 6,949 |
|
| Employees and payroll accruals |
| 9,716 |
| 9,468 |
|
| Accrued expenses and other current liabilities |
| 7,400 |
| 8,743 |
|
| Operating lease liabilities |
| 4,048 |
| 4,034 |
|
| Total current liabilities |
| 27,990 |
| 37,230 |
|
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| LONG-TERM LIABILITIES: |
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|
|
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| Operating lease liabilities |
| 26,006 |
| 28,475 |
|
| Warrants liability |
| 91 |
| 240 |
|
| Total long-term liabilities |
| 26,097 |
| 28,715 |
|
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|
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| SHAREHOLDERS' EQUITY: |
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|
|
|
| Ordinary Shares of no-par value |
| - |
| - |
|
| Additional paid-in capital |
| 799,332 |
| 788,577 |
|
| Accumulated deficit |
| (686,593) |
| (635,288) |
|
| Total shareholders' equity |
| 112,739 |
| 153,289 |
|
|
|
|
|
|
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| Total liabilities and shareholders' equity | $ | 166,826 | $ | 219,234 |
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