Innobiz Technologies Financial Position Changes Q1-Q3 2023 (Detailed)

Innobiz Technologies Financial Position Changes Q1-Q3 2023 (Detailed)

Since Q3 reports haven't officially been released yet, information will be based on Q1 and Q2 financial statements and press releases:

Current Assets:

• Cash and equivalents: Increased significantly in Q2 due to the SPAC merger (~$465 million), then slightly decreased in Q3 due to ongoing operations.
• Receivables: Steady growth from early product sales and development contracts.
• Inventory: Fluctuations based on production schedules and customer demand.

Non-Current Assets:

• Property and equipment: Consistent increases to support R&D and production expansion.
• Intangible assets: Continued investments in LiDAR technology development and intellectual property.

Current Liabilities:

• Accounts payable: Steady increases tied to operational expenses and inventory purchases.
• Accrued expenses: Fluctuations based on payroll, marketing, and other operational costs.

Non-Current Liabilities:

• Long-term debt: Minor amount from potential loan agreements or lease obligations.

Shareholders' Equity:

• Significant increase in Q2 after the SPAC merger (preferred stock issued).
• Potential slight dilution in Q3 due to share issuance or employee stock options.

Key Changes:

• Cash influx from SPAC merger in Q2: This significantly bolstered financial flexibility for R&D, production, and potential acquisitions.
• Investment in R&D and production capacity: Continuous increases in property and equipment suggest ongoing expansion plans.
• Growing receivables: Positive indicator of increasing product sales and customer base.
• Fluctuations in inventory: Likely due to production schedules and market demand adjustments.

Note: These are broad trends based on publicly available information. Detailed figures and explanations will be available when Q3 reports are officially released.

Additional Resources:

• Innoviz Investor Relations: https://ir.innoviz.tech/
• Innoviz Q1 and Q2 Earnings Releases and Presentations: Available on the Investor Relations website.

Please let me know if you have any further questions or if you'd like me to summarize the findings once the Q3 report is released.