Innoviz Technologies

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. It offers InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz`s perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection and tracking features. The firm is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. The company was founded by Omer David Keilaf, Oren Buskila and Oren Rosenzweig on January 18, 2016 and is headquartered in Rosh Haayin, Israel.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Innoviz Technologies surpasses Q2 revenue expectations, eyes growth opportunities

Innoviz Technologies demonstrated strong revenue performance and margin improvement in Q2 2024.
While facing challenges in revenue guidance for Q3, the company is optimistic about operational targets.
Securing key partnerships and focusing on technology advancements position Innoviz well for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. It offers InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz`s perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection and tracking features. The firm is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. The company was founded by Omer David Keilaf, Oren Buskila, and Oren Rosenzweig on January 18, 2016 and is headquartered in Rosh Haayin, Israel.

TEL AVIV, Israel , Oct. 26, 2022 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ), a leading provider of high performance, solid-state LiDAR sensors and perception software, today announced that it will release its earnings results for the third quarter ended September 30, 2022 on Wednesday, November 9, 2022 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m.

Innoviz Sets Third Quarter 2022 Conference Call for Wednesday, November 9 at 9:00 a.m. ET

The loss-making company is making moves to shore up its finances.

Why Innoviz Stock Fizzled Out on Thursday

TEL AVIV, Israel , Sept. 29, 2022 /PRNewswire/ -- Innoviz Technologies Ltd.

Innoviz Files Universal Shelf Registration on Form F-3

Innoviz has proven itself to be a leader in the LiDAR space as it becomes a tier 1 supplier for the second largest car manufacturer in the world. The Volkswagen win demonstrates Innoviz's strong value proposition with its higher performance and lower cost, especially for its new InnovizTwo.

Innoviz: Likely To Be The LiDAR Leader Of The Future

Luminar Technologies

Lidar stocks Luminar (NASDAQ: LAZR ) and Innoviz (NASDAQ: INVZ ) are trending on social media this morning and are both climbing 7%-8% in early trading. The stocks are advancing after JPMorgan initiated coverage of both names with “overweight” ratings this morning.

Why Are Lidar Stocks LAZR, INVZ Climbing Higher Today?

It could be a breakthrough technology for safer driving -- but is now the time to invest?

2 Automotive Lidar Stocks to Put on Your Radar

Sensagrate integrates InnovizOne LiDAR with its SensaVision Platform to promote pedestrian and driver safety through intelligent traffic analytics and data collection. Sensagrate is leveraging InnovizOne LiDAR to solve smart city challenges at additional sites in the U.S., including Phoenix, Scottsdale ,  and Tucson , AZ, through partnerships with government transportation agencies to pilot emerging technology using LiDAR sensors.

Innoviz Technologies and Sensagrate Launch Smart Corridor at University of California, Los Angeles (UCLA)

This lidar company continues to ink major deals with partners around the world.

Why Shares of Innoviz Technologies Are Rising This Week

Selection Represents Innoviz's Fourth Major Design Win and Second Nomination for Series Production of Passenger Vehicles as a Direct Supplier TEL AVIV, Israel , Sept. 8, 2022 /PRNewswire/ -- Innoviz Technologies Ltd.

Innoviz Selected by Leading Asia-based Automotive OEM to Serve as Direct LiDAR Supplier for Series Production Passenger Vehicles

HiRain's Convolutional Neural Network (CNN) solution using InnovizOne LiDAR unlocks operational efficiency and port safety TEL AVIV, Israel and BEIJING , Sept. 5, 2022 /PRNewswire/ -- Innoviz Technologies  (NASDAQ: INVZ), a leading provider of high-performance, automotive-grade LiDAR sensors and perception software, and its strategic partner HiRain Technologies , a leading Tier 1 solutions provider for the Chinese automotive market, today announced the deployment of InnovizOne LiDAR sensors at ports across China, including on HiRain's autonomous trucks and AGVs.

Innoviz and HiRain Technologies Deploy InnovizOne Across Shipping Ports in China

Innoviz wins a supply deal with Volkswagen Group, setting a new benchmark for the industry. The company's mass production model has a lower average selling price than Luminar.

Innoviz Comes On The Top In Q2 - A Part II Of Lidar Cash Runway

Innoviz Technologies, Inc. (NASDAQ:INVZ ) Q2 2022 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Omer Keilaf - CEO Eldar Cegla - CFO Conference Call Participants Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Operator Good morning, and welcome to Innoviz Second Quarter 2022 Earnings Conference Call. Joining us today are Omer Keilaf, Chief Executive Officer; and Eldar Cegla, Chief Financial Officer.

Innoviz Technologies, Inc. (INVZ) CEO Omer Keilaf on Q2 2022 Results - Earnings Call Transcript

Investors are sensing that this lidar specialist is on the highway to rapid growth.

Why Shares of Innoviz Technologies Are Racing Higher Today

Selection by Volkswagen's CARIAD as its direct LiDAR supplier for automated vehicles cements Innoviz's Tier 1 status TEL AVIV, Israel, Aug. 10, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, solid-state LiDAR sensors and perception software, today provided updates on commercial traction, technology leadership, and corporate development and reported its financial results for the second quarter ended June 30, 2022.

Innoviz Technologies Provides Commercial Updates and Reports Second Quarter 2022 Financial Results

After three months of speculation, investors finally learned the identity of the lidar specialist's new customer.

Why Shares of Innoviz Technologies Are Soaring Today

Source: shutterstock.com/temp-64GTX Innoviz (NASDAQ: INVZ ) stock is on the rise Tuesday as investors react to news that Volkswagen (OTCMKTS: VWAGY ) entered into an agreement with it. This will have Innoviz supplying Volkswagen with LiDAR sensors and perception software to CARIAD.

Why Is Innoviz (INVZ) Stock Up 16% Today?

Volkswagen AG

Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion, the Israeli company said on Tuesday.

Lidar maker Innoviz signs $4 bln supply deal with Volkswagen

Building on its win with BMW as a Tier 2 supplier of its first generation LiDAR, Innoviz has secured a production win for the InnovizTwo with a major automotive OEM as a Tier 1 supplier. The implications for OEMs, existing Tier 1 suppliers and independent LiDAR companies are significant.

Innoviz Scores A Major LiDAR Win With A Dominant Automotive OEM- As A Tier 1 Supplier

Lidar start-up Innoviz announces its third design win with an auto maker.

VW Selects Innoviz for Self-Driving Lidar Technology

Israeli lidar startup Innoviz will supply its lidar sensors and perception software to all vehicles with automated driving capabilities within Volkswagen group brands, the company said Tuesday. Innoviz will work directly with Cariad SE, VW's automotive software company, to integrate its technology into upcoming VW vehicles.

Innoviz lidar will be on all VW vehicles with automated driving capabilities

Innoviz has struck a deal to supply lidar units to Volkswagen for millions of vehicles. The deal could be worth $4 billion over eight years, it said.

Israeli lidar maker Innoviz wins $4 billion Volkswagen contract for millions of sensors

Innoviz will provide InnovizTwo LiDAR sensors and perception software LiDARs are a critical element of advanced driver assist systems (ADAS) and autonomous vehicles (AVs). CARIAD selected Innoviz to be its supplier and deliverer of advanced ADAS features for the segment of automated vehicles within the Volkswagen brands.

CARIAD SE Selects Innoviz as Direct LiDAR Supplier for the Segment of Automated Vehicles Within the Volkswagen Brands

TEL AVIV, Israel , July 27, 2022 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ), a leading provider of high performance, solid-state LiDAR sensors and perception software, will host a conference call and webinar on Wednesday, August 10 at 9:00 a.m. Eastern time (6:00 a.m.

Innoviz Sets Second Quarter 2022 Conference Call for Wednesday, August 10 at 9:00 a.m. ET

The Initiative Enables Next-Generation Services Including Autonomous Driving and Unmanned Delivery TEL AVIV, Israel and TOKYO , July 21, 2022 /PRNewswire/ -- Innoviz Technologies Ltd.  (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading provider of high-performance, automotive-grade LiDAR sensors and perception software, today announced that Japan Post , a special private company under the jurisdiction of the Ministry of Internal Affairs and Communications, offering postal and logistics services as well as banking and life & non-life insurance agency services, aims to construct digital maps with Innoviz's high-performance InnovizOne LiDAR sensor, paving the way for next-generation smart city services such as autonomous driving and unmanned delivery.

Japan Post Unveils Cutting-Edge Initiative to Digitize Roads for Digital Maps Using Innoviz LiDAR

TEL AVIV, Israel and SEONGNAM CITY, South Korea , July 12, 2022 /PRNewswire/ -- Innoviz Technologies Ltd.  (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading provider of high-performance, automotive-grade LiDAR sensors and perception software, and Joowon Industrial, a distributor and supplier of world-class testing equipment, today announced their cooperation to drive sales for Innoviz's LiDAR in the Korean market.

News for Innoviz Technologies Stock (INVZ)