Innoviz Reports Second Quarter 2025 Results
Innoviz Technologies (NASDAQ: INVZ), a Tier-1 supplier of automotive LiDAR solutions, reported strong Q2 2025 results with revenues of $9.7 million, up from $6.7 million in Q2 2024. The company's H1 2025 revenues have already surpassed full-year 2024 levels, with Q2 cash burn reduced to $7.3 million.
Key developments include a Statement of Development Work agreement with a Top 5 passenger automotive OEM for a 2027 production program, commencement of unit shipments from Fabrinet's high-volume production line, and the launch of InnovizSMART for industrial applications. Operating expenses decreased 20% to $18.5 million.
The company maintains its FY 2025 revenue guidance of $50-60 million and raised its NRE bookings target to $30-60 million, with over $20 million already booked year-to-date.
[ "Record H1 2025 revenues exceeded full-year 2024 levels", "Significant reduction in cash burn to $7.3M in Q2", "New development agreement with Top 5 passenger OEM for 2027 production program", "Operating expenses decreased 20% year-over-year", "Raised NRE bookings target to $30-60M from $20-50M", "Successfully launched high-volume production at Fabrinet" ]Innoviz Technologies (NASDAQ: INVZ), fornitore Tier-1 di soluzioni LiDAR per il settore automotive, ha registrato nel 2° trimestre 2025 ricavi per 9,7 milioni di dollari, in aumento rispetto ai 6,7 milioni di dollari del 2° trimestre 2024. I ricavi del primo semestre 2025 hanno già superato l'intero 2024 e il cash burn nel Q2 è sceso a 7,3 milioni di dollari.
Tra gli sviluppi principali figurano un accordo di Statement of Development Work con un OEM tra i Top 5 produttori di auto passeggeri per un programma produttivo 2027, l'avvio delle spedizioni di unità dalla linea di produzione ad alta capacità di Fabrinet e il lancio di InnovizSMART per applicazioni industriali. Le spese operative sono diminuite del 20%, attestandosi a 18,5 milioni di dollari.
La società conferma la guidance sui ricavi per l'esercizio 2025 a 50-60 milioni di dollari e ha rialzato l'obiettivo delle prenotazioni NRE a 30-60 milioni di dollari, con oltre 20 milioni di dollari già prenotati da inizio anno.
- Ricavi record nel 1H 2025, superiori all'intero 2024
- Riduzione significativa del cash burn a 7,3M$ nel Q2
- Nuovo accordo di sviluppo con un OEM Top 5 per programma produttivo 2027
- Spese operative in calo del 20% anno su anno
- Obiettivo prenotazioni NRE aumentato a 30-60M$ (da 20-50M$)
- Avvio con successo della produzione ad alta volume presso Fabrinet
Innoviz Technologies (NASDAQ: INVZ), proveedor Tier-1 de soluciones LiDAR para automoción, informó sólidos resultados en el 2T 2025 con ingresos de 9,7 millones de dólares, frente a 6,7 millones en el 2T 2024. Los ingresos del 1S 2025 ya superan los del año completo 2024 y la quema de efectivo en el 2T se redujo a 7,3 millones de dólares.
Los hitos clave incluyen un acuerdo de Statement of Development Work con un OEM de pasajeros entre los 5 principales para un programa de producción 2027, el inicio de envÃos desde la lÃnea de producción de alto volumen de Fabrinet y el lanzamiento de InnovizSMART para aplicaciones industriales. Los gastos operativos disminuyeron un 20% hasta 18,5 millones de dólares.
La compañÃa mantiene su previsión de ingresos para 2025 en 50-60 millones de dólares y elevó su objetivo de reservas NRE a 30-60 millones de dólares, con más de 20 millones de dólares ya reservados en lo que va de año.
- Ingresos récord en la 1S 2025, por encima de todo 2024
- Reducción significativa de la quema de efectivo a 7,3M$ en el 2T
- Nuevo acuerdo de desarrollo con un OEM Top 5 para programa de producción 2027
- Gastos operativos bajaron un 20% interanual
- Objetivo de reservas NRE aumentado a 30-60M$ (desde 20-50M$)
- Producción en volumen iniciada con éxito en Fabrinet
Innoviz Technologies (NASDAQ: INVZ)ëŠ� ìžë™ì°¨ìš© LiDAR ì†”ë£¨ì…˜ì˜ Tier-1 공급업체로서 2025ë…� 2분기ì—� 매출 미화 970ë§� 달러ë¥� 기ë¡í•� 2024ë…� 2분기(미화 670ë§� 달러) 대ë¹� ì¦ê°€í–ˆìŠµë‹ˆë‹¤. 2025ë…� ìƒë°˜ê¸� ë§¤ì¶œì€ ì´ë¯¸ 2024ë…� ì—°ê°„ 실ì ì� ë„˜ì–´ì„°ê³ , 2분기 현금 소진(cash burn)ì€ ë¯¸í™” 730ë§� 달러ë¡� 축소ë˜ì—ˆìŠµë‹ˆë‹�.
주요 성과로는 2027ë…� ì–‘ì‚° 프로그램ì� 위한 ìƒìœ„ 5대 승용ì°� OEMê³¼ì˜ Statement of Development Work 계약 ì²´ê²°, Fabrinetì� ê³ ì„±ëŠ� 대량ìƒì‚� ë¼ì¸ì—서ì� ìœ ë‹› 출하 개시, ì‚°ì—…ìš� ì• í”Œë¦¬ì¼€ì´ì…˜ì� 위한 InnovizSMART 출시가 í¬í•¨ë©ë‹ˆë‹�. ì˜ì—…ë¹„ìš©ì€ ì „ë…„ 대ë¹� 20% ê°ì†Œí•� 미화 1,850ë§� 달러입니ë‹�.
회사ëŠ� 2025 íšŒê³„ì—°ë„ ë§¤ì¶œ ê°€ì´ë˜ìŠ¤ë¥¼ 미화 5,000ë§Œ~6,000ë§� 달러ë¡� ìœ ì§€í•˜ê³ NRE 수주 목표ë¥� 미화 3,000ë§Œ~6,000ë§� 달러ë¡� ìƒí–¥í–ˆìœ¼ë©�, ì—°ì´ˆ ì´í›„ ì´ë¯¸ 미화 2,000ë§� 달러 ì´ìƒì� 수주했습니다.
- 2025ë…� ìƒë°˜ê¸� 매출ì� 2024ë…� ì—°ê°„ 실ì ì� ìƒíšŒ
- 2분기 현금 소진ì� 미화 730ë§� 달러ë¡� í¬ê²Œ ê°ì†Œ
- 2027ë…� ì–‘ì‚° 프로그램ì� 위한 ìƒìœ„ 5대 OEMê³¼ì˜ ê°œë°œ 계약
- ì˜ì—…비용 ì „ë…„ 대ë¹� 20% ê°ì†Œ
- NRE 수주 목표ë¥� 미화 3,000ë§Œ~6,000ë§� 달러ë¡� ìƒí–¥
- Fabrinetì—서ì� 대ëŸ� ìƒì‚° ê°€ë™ì„ 성공ì 으ë¡� 시작
Innoviz Technologies (NASDAQ: INVZ), fournisseur Tier�1 de solutions LiDAR pour l'automobile, a publié de solides résultats au T2 2025 avec un chiffre d'affaires de 9,7 millions de dollars, contre 6,7 millions au T2 2024. Les revenus du 1er semestre 2025 dépassent déjà le total de 2024 et la consommation de trésorerie au T2 a été réduite à 7,3 millions de dollars.
Les faits marquants comprennent un accord de Statement of Development Work avec un constructeur de véhicules particuliers classé dans le Top 5 pour un programme de production 2027, le démarrage des expéditions d'unités depuis la ligne de production à haut volume de Fabrinet et le lancement d'InnovizSMART pour des applications industrielles. Les charges opérationnelles ont diminué de 20% pour s'établir à 18,5 millions de dollars.
La société maintient sa guidance de chiffre d'affaires pour l'exercice 2025 à 50�60 millions de dollars et a relevé son objectif de commandes NRE à 30�60 millions de dollars, plus de 20 millions de dollars ayant déjà été enregistrés depuis le début de l'année.
- Revenus record au 1S 2025, supérieurs à l'ensemble de 2024
- Réduction significative du cash burn à 7,3M$ au T2
- Nouvel accord de développement avec un constructeur Top 5 pour 2027
- Charges opérationnelles en baisse de 20% en glissement annuel
- Objectif de commandes NRE relevé à 30â€�60²Ñ$ (au lieu de 20â€�50M$)
- Lancement réussi de la production à haut volume chez Fabrinet
Innoviz Technologies (NASDAQ: INVZ), ein Tier�1‑Lieferant für Automotive‑LiDAR‑Lösungen, meldete starke Ergebnisse für Q2 2025 mit Umsätzen von 9,7 Millionen US‑Dollar, gegenüber 6,7 Millionen im Q2 2024. Die Umsätze der ersten Jahreshälfte 2025 haben bereits das gesamte Jahr 2024 übertroffen, und der Cash‑Burn im Q2 sank auf 7,3 Millionen US‑Dollar.
Wesentliche Entwicklungen umfassen eine Statement of Development Work‑Vereinbarung mit einem °Õ´Ç±èâ€�5‑P°ì·É‑O·¡²Ñ für ein Produktionsprogramm 2027, den Beginn der Auslieferungen von Einheiten aus Fabrinets Hochvolumen‑Fertigungslinie sowie die Einführung von InnovizSMART für industrielle Anwendungen. Die betrieblichen Aufwendungen sanken um 20% auf 18,5 Millionen US‑Dollar.
Das Unternehmen bestätigt die Umsatzprognose für das Geschäftsjahr 2025 von 50�60 Millionen US‑Dollar und hat das Ziel für NRE‑Aufträge auf 30�60 Millionen US‑Dollar angehoben, wobei bereits über 20 Millionen US‑Dollar im laufenden Jahr gebucht wurden.
- Rekordumsätze im 1H 2025 übersteigen das Gesamtjahr 2024
- Starke Reduzierung des Cash‑Burn auf 7,3M$ im Q2
- Neuer Entwicklungsvertrag mit einem °Õ´Ç±èâ€�5‑P°ì·É‑O·¡²Ñ für 2027
- Betriebliche Aufwendungen um 20% gesunken
- NRE‑Ziel auf 30â€�60²Ñ$ erhöht (vorher 20â€�50M$)
- Hochvolumen‑Produktion bei Fabrinet erfolgreich gestartet
- None.
- Continued cash burn despite improvements
- Significant dependence on future program wins for growth
Insights
Innoviz shows promising growth with record H1 revenues, reduced cash burn, and strategic OEM partnership, though still operating at a loss.
Innoviz's Q2 2025 results demonstrate meaningful progress toward commercial scale. The company reported
Cash management has improved substantially, with quarterly cash burn reduced to approximately
The Statement of Development Work (SODW) agreement with a top 5 passenger automotive OEM represents a significant strategic win. This positions Innoviz to potentially secure a production contract for a global Level 3 autonomous vehicle program with 2027 start of production (SOP). Such high-volume production contracts are the ultimate prize in the automotive LiDAR sector.
The company's transition to volume manufacturing through Fabrinet is particularly important, as production scale and unit economics are critical success factors in the LiDAR industry. Meanwhile, the new InnovizSMART product expands their addressable market beyond automotive into industrial applications.
Management has confidently reiterated full-year 2025 revenue guidance of
- Record H1 revenues exceed full-year 2024 levels; Q2 cash burn[1] at
~ ; reiterating 2025 revenue guidance; raising NRE bookings targets Ìý$7.3M - Development agreement with Top 5 passenger OEM reinforces Innoviz's position as a preferred technology partner for global OEMs
- Supporting increasing demand from new and existing customers; shipped first units from Fabrinet's high-volume production lineÌý

"I am tremendously proud of the significant progress Innoviz has made in 2025. At the outset of the year, we set a series of ambitious goals for the company; our robust financial performance and strong trajectory of customer engagements demonstrate that we are well on our way to meeting our commitments," said Omer Keilaf, CEO and Co-Founder of Innoviz. "In the first half of the year, Innoviz generated more revenues than in all of 2024, and cash burn in the second quarter was in the single digits. In June, Innoviz signed a Statement of Development Work (SODW) agreement with a top 5 passenger automotive OEM under which Innoviz is developing certain modifications to its InnovizTwo LiDAR for the OEM's level 3 global production vehicle program slated for SOP in 2027, as the companies discuss a production agreement. We continue to make progress with our existing L3 and L4 programs, and are encouraged by the dramatic acceleration of robotaxi deployments around the world. We introduced the InnovizSMART, which brings our auto-grade LiDAR to industrial applications. Within weeks of its launch, we were able to announce several important collaborations, as well as the integration of the InnovizSMART into the NVIDIA Jetson Orin ecosystem. With our expanding customer engagement and units now shipping from our high-volume manufacturing line at Fabrinet, we believe that we are well-positioned to achieve our goal of becoming the world's premier large-scale supplier of best-in-class LiDAR solutions for autonomous driving and beyond."
Commercial and Strategic Updates
- SODW with Top 5 Automotive OEM � signed a Statement of Development Work (SODW) agreement with a Top 5 passenger automotive OEM.
- First units shipping from Fabrinet � to support our customers across L3, L4, and non-automotive applications, we have begun shipping units from Fabrinet's high-volume production line.
- ³¢²¹³Ü²Ô³¦³ó±ð»åÌý±õ²Ô²Ô´Ç±¹¾±³ú³§²Ñ´¡¸é°Õ â€� announced the launch of InnovizSMART, which brings auto-grade LiDAR to industrial applications such as Security, Mobility, Aerial, Robotics, and Traffic Management.
- Announced key collaborations with Cogniteam, Sparsh CCTV, CronAI and integration with NVIDIA Jetson Orin platform â€� shortly after unveiling InnovizSMART, Innoviz announced collaborations with multiple companies to develop a variety of solutions for deployment in areas such as safety, security, and others.Ìý
Second Quarter 2025 Financial Results
Revenues in Q2 2025 were
Operating expenses in Q2 2025 were
Liquidity as of June 30, 2025 was approximately
Updated FY 2025 Financial and Operational Targets
The company is reiterating itsÌýFY 2025 targets of:
- Revenues of
, more than 2x 2024 levels;$50 -$60 million - 1-3 new program wins
- The company is raising its 2025 NRE bookings target to
from$30 -$60 million . Year to date, Innoviz has booked over$20 -$50 million in NREs.Ìý$20 million
Conference Call
Innoviz management will hold a web conference today, August 13, 2025, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss commercial and strategic updates, financial results for the second quarter 2025, and financial and operational targets. Innoviz CEO Omer Keilaf and CFO Eldar Cegla will host the call, followed by a question-and-answer session.
Investors are invited to attend by registering in advance . All relevant information will be sent upon registration.
A replay of the webinar will also be available shortly after the call in the of Innoviz's website for 90 days.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to the world's leading automotive manufacturers and working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the US,
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Ìý°Ú1±Õ Cash burn is defined as cash used in operations and capital expenditures
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, expected NRE payments, future prospects related to the strategic partnership with Fabrinet, the anticipated scaling of production, the economic benefits of the partnership and Fabrinet's compliance with the highest automotive-grade standards, and Innoviz's projected future operational and financial results, including revenue and NREs. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
"NRE (Non-Recurring Engineering)" is booked services that may be ordered from Innoviz usually as part of a program design win and includes, among other things, application engineering, product adaptation services, testing and validation services, standards and qualification work and change requests (usually during the lifetime of a program). NREs may be paid based on milestones over the development phase of the project which may take a few years. Ìý Ìý
Many factors could cause actual future events, and, in the case of our forward-looking revenues and NRE bookings, actual orders or actual payments, to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, Ìýthe possibility that NRE would be set off against liabilities and indemnities, the ability to identify and realize additional opportunities, potential changes and developments in the highly competitive LiDAR technology and related industries, and our expectations regarding the impact of the evolving conflict in
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INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES | ||||||||
| ||||||||
Six Months Ended June 30, | Three Months Ended June 30, | |||||||
2025 | 2024 | 2025 | 2024 | |||||
Revenues | $ | 27,137 | $ | 13,721 | $ | 9,747 | $ | 6,664 |
Cost of revenues | (18,595) | (15,255) | (8,187) | (6,901) | ||||
Gross profit (loss) | 8,542 | (1,534) | 1,560 | (237) | ||||
Operating expenses: | ||||||||
Research and development | 27,982 | 40,606 | 13,152 | 16,761 | ||||
Sales and marketing | 2,891 | 4,116 | 1,170 | 1,716 | ||||
General and administrative | 8,676 | 10,233 | 4,221 | 4,789 | ||||
Total operating expenses | 39,549 | 54,955 | 18,543 | 23,266 | ||||
Operating loss | (31,007) | (56,489) | (16,983) | (23,503) | ||||
Financial income (expense), net | (29) | 5,261 | (1,445) | 2,360 | ||||
Loss before taxes on income | (31,036) | (51,228) | (18,428) | (21,143) | ||||
Taxes on income | (85) | (77) | (51) | (24) | ||||
Net loss | $ | (31,121) | $ | (51,305) | $ | (18,479) | $ | (21,167) |
Basic and diluted net loss per ordinary share | $ | (0.16) | $ | (0.31) | $ | (0.09) | $ | (0.13) |
Weighted average number of ordinary shares used in | 192,642,299 | 166,095,197 | 200,079,493 | 166,530,895 | ||||
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INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES | ||||
| ||||
June 30, | December 31, | |||
2025 | 2024 | |||
| ||||
ÌýCURRENT ASSETS: | ||||
Cash and cash equivalents | $ | 13,535 | $ | 25,365 |
Short-term restricted cash | 16 | 16 | ||
Bank deposits | 56,574 | 30,628 | ||
Marketable securities | 9,270 | 11,955 | ||
Trade receivables, net | 11,623 | 6,043 | ||
Inventory | 3,201 | 1,905 | ||
Prepaid expenses and other current assets | 6,678 | 6,707 | ||
ÌýTotal current assets | 100,897 | 82,619 | ||
ÌýLONG-TERM ASSETS: | ||||
Restricted deposits | 2,897 | 2,725 | ||
Property and equipment, net | 20,752 | 23,432 | ||
Operating lease right-of-use assets, net | 26,469 | 23,194 | ||
Other long-term assets | 90 | 79 | ||
ÌýTotal long-term assets | 50,208 | 49,430 | ||
ÌýTotal assets | $ | 151,105 | $ | 132,049 |
ÌýLIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Ìý CURRENT LIABILITIES: | ||||
Trade payables | $ | 3,346 | $ | 8,813 |
Deferred revenues | 3,449 | 274 | ||
Employees and payroll accruals | 9,498 | 8,722 | ||
Accrued expenses and other current liabilities | 6,376 | 5,631 | ||
Operating lease liabilities | 5,635 | 4,330 | ||
ÌýTotal current liabilities | 28,304 | 27,770 | ||
ÌýLONG-TERM LIABILITIES: | ||||
Operating lease liabilities | 29,625 | 25,264 | ||
Warrants liability | 56 | 86 | ||
ÌýTotal long-term liabilities | 29,681 | 25,350 | ||
ÌýSHAREHOLDERS' EQUITY: | ||||
Ordinary Shares of no-par value | - | - | ||
Additional paid-in capital | 854,286 | 808,974 | ||
Accumulated deficit | (761,166) | (730,045) | ||
ÌýTotal shareholders' equity | 93,120 | 78,929 | ||
ÌýTotal liabilities and shareholders' equity | $ | 151,105 | $ | 132,049 |
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INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES | ||||||||
| ||||||||
Six Months Ended June 30, | Three Months Ended June 30, | |||||||
2025 | 2024 | 2025 | 2024 | |||||
Cash flows from operating activities: | ||||||||
Net loss | $ | (31,121) | $ | (51,305) | $ | (18,479) | $ | (21,167) |
Adjustments required to reconcile net loss to net cash | ||||||||
Depreciation and amortization | 2,715 | 4,036 | 1,338 | 1,541 | ||||
Remeasurement of warrants liability | (30) | (149) | 18 | (63) | ||||
Change in accrued interest on bank deposits | (654) | (465) | (317) | 322 | ||||
Change in marketable securities | (91) | (259) | (29) | (101) | ||||
Share-based compensationÌý | 7,907 | 11,145 | 3,153 | 4,635 | ||||
Foreign exchange loss (gain), net | (1,283) | 124 | (1,437) | 170 | ||||
Change in prepaid expenses and other assets | (131) | 3,153 | (2,260) | 983 | ||||
Change in trade receivables, netÌý | (5,580) | 1,977 | 6,038 | (5,081) | ||||
Change in inventory | 383 | 115 | 182 | 259 | ||||
Change in operating lease assets and liabilities, net | 2,391 | (1,327) | 3,103 | (747) | ||||
Change in trade payables | (4,564) | (2,247) | (987) | (180) | ||||
Change in accrued expenses and other liabilities | 1,049 | (1,187) | 526 | (352) | ||||
Change in employees and payroll accruals | 776 | 248 | 622 | (858) | ||||
Change in deferred revenues | 3,175 | (6,487) | 2,231 | (120) | ||||
Net cash used in operating activities | (25,058) | (42,628) | (6,298) | (20,759) | ||||
Cash flows from investing activities: | ||||||||
ÌýÌýÌý Purchase of property and equipment | (2,924) | (2,029) | (1,009) | (880) | ||||
Ìý Ìý Proceeds from sales of property and equipment | 3 | - | 3 | - | ||||
Investment in bank deposits | (58,700) | (15,500) | (14,400) | (1,500) | ||||
Withdrawal of bank deposits | 33,450 | 56,000 | 20,950 | 31,000 | ||||
Investment in restricted deposits | - | (67) | - | - | ||||
Investment in marketable securities | (22,931) | (14,795) | (8,039) | (13,857) | ||||
Proceeds from sales and maturities of marketable | 25,707 | 16,694 | 7,970 | 15,799 | ||||
Net cash provided by (used in) investing activities | (25,395) | 40,303 | 5,475 | 30,562 | ||||
Cash flows from financing activities: | ||||||||
Ìý Ìý Issuance of ordinary shares and warrants, net of issuance | 37,289 | - | (307) | - | ||||
Proceeds from exercise of options | 265 | 111 | 123 | 69 | ||||
Net cash provided by (used in) financing activities | 37,554 | 111 | (184) | 69 | ||||
Effect of exchange rate changes on cash, cash | 1,069 | (43) | 1,173 | (117) | ||||
Increase (decrease) in cash, cash equivalents and | (11,830) | (2,257) | 166 | 9,755 | ||||
Cash, cash equivalents and restricted cash at the | 25,381 | 26,336 | 13,385 | 14,324 | ||||
Cash, cash equivalents and restricted cash at the | $ | 13,551 | $ | 24,079 | $ | 13,551 | $ | 24,079 |
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