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Innoviz Technologies Ltd.

Innoviz Technologies Ltd.

NASDAQ•INVZ
CEO: Mr. Omer David Keilaf
Sector: Consumer Cyclical
Industry: Auto - Parts
Listing Date: 2020-06-29
Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. It also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; and perception application, a software application that raw point cloud data from Innoviz LiDAR products into perception outputs. The company operates in Europe, Asia Pacific, the Middle East, Africa, and North America. It markets and sells its products through a direct sales organization, as well as through distribution channels. The company is headquartered in Rosh Haayin, Israel.
Contact Information
5 Uri Ariav Street, Building C Nitzba 300, Rosh Haayin, 4809202, Israel
972-7-470-03692
www.innoviz.tech
Market Cap
$227.31M
P/E (TTM)
-3.4
24.6
Dividend Yield
--
52W High
$2.54
52W Low
$0.48
52W Range
30%
Rank47Top 61.9%
3.4
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$15.28M+238.01%
4-Quarter Trend

EPS

-$0.08-49.47%
4-Quarter Trend

FCF

-$14.01M-20.71%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Increased 16% Revenues reached $24.27M USD in 2024, marking a 16% increase, driven by $18.0M from NRE sales.
Gross Loss Significantly Narrowed Gross loss improved to ($1.16M) USD in 2024 from ($11.61M) USD in 2023 due to lower cost of revenues.
Secured $80M NRE Payments Announced multi-year NRE payment plan of approximately $80M USD from key customers, expected between 2025 and 2027.
R&D Spending Reduced Research and development expenses decreased 20% to $73.82M USD in 2024, reflecting operational optimization efforts.

Risk Factors

Continued Substantial Net Loss Reported net loss of ($94.76M) USD for 2024, continuing operational cash burn despite revenue growth.
Customer Concentration Risk Trade receivables heavily concentrated, with Customers A and D accounting for 96% of receivables as of December 31, 2024.
Production Scale-Up Challenges Transition to mass production with contract manufacturer presents risks of delays, quality issues, and increased commercialization costs.
Geopolitical Instability Impact Operations and supply chain face material adverse effects due to ongoing war and hostilities in Israel and the surrounding region.

Outlook

Focus on InnovizTwo Platform Future revenue growth expected from the InnovizTwo platform, targeting Level 4, 3, and 2+ segments for commercial reality.
Operational Optimization Complete Executed headcount reduction of 13% in Q1 2024 and 9% in Q1 2025 to extend cash runway towards profitability.
NVIDIA Software Integration Collaboration with NVIDIA aims to seamlessly integrate perception software with DRIVE AGX Orin for advanced object detection capabilities.
New Financing Secured Completed Registered Direct Offering in February 2025, raising net proceeds of approximately $37.3M USD to fund operations.

Peer Comparison

Revenue (TTM)

Cooper-Standard Holdings Inc.CPS
$2.73B
-0.5%
Monro, Inc.MNRO
$1.19B
-2.6%
Miller Industries, Inc.MLR
$840.26M
-36.9%

Gross Margin (Latest Quarter)

Kingsway Financial Services Inc.KFS
100.0%
+25.1pp
Holley Inc.HLLY
43.2%
+4.2pp
Monro, Inc.MNRO
35.7%
+0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MNRO$634.92M-33.3-3.1%31.6%
CPS$553.45M17.1-29.7%63.9%
HLLY$493.19M-19.8-5.8%48.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
36.3%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 25, 2026
|
EPS:-$0.07
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 12, 2025|
    Revenue: $24.27M+16.2%
    |
    EPS: $-0.57+32.1%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 12, 2024|
    Revenue: $20.88M+246.4%
    |
    EPS: $-0.84+10.6%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 9, 2023|
    Revenue: $6.03M+10.2%
    |
    EPS: $-0.94+36.9%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Mar 30, 2022|
    Revenue: $5.47M+158.4%
    |
    EPS: $-1.49+65.3%
    Meet

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 21, 2021|
    Revenue: -$9.36M-694.5%
    |
    EPS: $-4.29+72.5%
    N/A