Innoviz Technologies Ltd. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Related Party Balances And Transactions

Related Party Balances And Transactions

12 Months Ended

Dec. 31, 2020

NOTE 15:- RELATED PARTY BALANCES AND TRANSACTIONS

Balances with the related parties:


	December 31,
	2020		2019
Trade Receivable	$	1,146	$	1,043

Long term deferred revenues	$	3,500	$	3,500

Transactions with the related parties:


	Year ended December 31,
	2020			2019		2018
Revenues (net revenues)	$	(12,014	)	$	1,002	$	51

During the years ended December 31, 2018, 2019 and 2020 the Company earned $51, $1,002 and $(12,014) respectively, in revenues (net revenues) from the sale of services and goods to a shareholder (also refer to Note 2h).

As of December 31, 2018, December 31, 2019 and December 31, 2020, the Company recorded receivables of $35, $1,043 and $1,146, respectively from the same shareholder mentioned above in connection with the revenues earned, included as Trade Receivable on the accompanying consolidated balance sheets. The receivables were collected in the ordinary course of business.

As of December 31, 2018, December 31, 2019 and December 31, 2020, the Company recorded deferred revenue of $1.3 million, $3.5 million and $3.5 million, respectively, from the same shareholder mentioned above in connection with the revenues earned, included as Long Term Deferred Revenue on the accompanying consolidated balance sheets.