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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| 2024 |
| 2023 |
ASSETS |
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CURRENT ASSETS:
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Cash and cash equivalents | $ | 27,949 | $ | 26,283 |
Short term restricted cash |
| 16 |
| 53 |
Bank deposits |
| 43,005 |
| 105,750 |
Marketable securities |
| 16,765 |
| 13,335 |
Trade receivables, net |
| 3,539 |
| 7,395 |
Inventory |
| 1,227 |
| 1,868 |
Prepaid expenses and other current assets |
| 2,323 |
| 5,774 |
Total current assets |
| 94,824 |
| 160,458 |
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LONG-TERM ASSETS: |
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Marketable securities |
| - |
| 4,813 |
Restricted deposits |
| 2,651 |
| 2,623 |
Property and equipment, net |
| 23,029 |
| 25,770 |
Operating lease right-of-use assets, net |
| 23,780 |
| 25,486 |
Other long-term assets |
| 86 |
| 84 |
Total long-term assets |
| 49,546 |
| 58,776 |
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Total assets | $ | 144,370 | $ | 219,234 |
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LIABILITIES AND SHAREHOLDERS' EQUITY |
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CURRENT LIABILITIES: |
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Trade payables | $ | 6,469 | $ | 8,036 |
| Deferred revenues |
| 278 |
| 6,949 |
| Employees and payroll accruals |
| 9,709 |
| 9,468 |
| Accrued expenses and other current liabilities |
| 5,411 |
| 8,743 |
| Operating lease liabilities |
| 4,189 |
| 4,034 |
| Total current liabilities |
| 26,056 |
| 37,230 |
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| LONG-TERM LIABILITIES: |
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| Operating lease liabilities |
| 25,622 |
| 28,475 |
| Warrants liability |
| 64 |
| 240 |
| Total long-term liabilities |
| 25,686 |
| 28,715 |
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| SHAREHOLDERS' EQUITY: |
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| Ordinary Shares of no-par value |
| - |
| - |
| Additional paid-in capital |
| 804,077 |
| 788,577 |
| Accumulated deficit |
| (711,449) |
| (635,288) |
| Total shareholders' equity |
| 92,628 |
| 153,289 |
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| Total liabilities and shareholders' equity | $ | 144,370 | $ | 219,234 |
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