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Innoviz Reports Second Quarter 2025 Results

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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 envíos desde la línea 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 compañía 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� 넘어섰고, 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� 고성ëŠ� 대량ìƒì‚� ë¼ì¸ì—서ì� 유닛 출하 개시, ì‚°ì—…ìš� 애플리케ì´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¡� 유지하고 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 ìœ¼ë¡� 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
Positive
  • None.
Negative
  • 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 $9.7 million in quarterly revenue, representing a 45% year-over-year increase from Q2 2024's $6.7 million. More notably, first-half 2025 revenues have already surpassed full-year 2024 figures, indicating an accelerating growth trajectory.

Cash management has improved substantially, with quarterly cash burn reduced to approximately $7.3 million - a critical metric for pre-profitability hardware companies. Operating expenses decreased by 20% to $18.5 million compared to $23.3 million in Q2 2024, including $2.3 million in share-based compensation (down from $3.8 million year-over-year). The company maintains a solid liquidity position of $79.4 million.

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 $50-60 million (more than double 2024 levels) and raised their NRE (non-recurring engineering) bookings target to $30-60 million from $20-50 million. With over $20 million in NREs booked year-to-date, they appear to be executing well against these targets.

  • Record H1 revenues exceed full-year 2024 levels; Q2 cash burn[1] at ~$7.3M; reiterating 2025 revenue guidance; raising NRE bookings targets Ìý
  • 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

TEL AVIV, IsraelÌý, Aug. 13, 2025 /PRNewswire/ -- (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR and software solutions, today provided commercial and strategic updates on its business, reported its financial results for the quarter ended June 30, 2025 and updated its full year commercial and financial targets.

Innoviz Technologies Logo

"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 â€� signed a Statement of Development Work (SODW) agreement with a Top 5 passenger automotive OEM.
  • First units shipping from Fabrinet â€� 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 $9.7 million compared to revenues of $6.7 million in Q2 2024. The revenues resulted from a combination ofÌýNRE services and sales ofÌýLiDAR units. Ìý

Operating expenses in Q2 2025 were $18.5 million, a decrease of 20% compared to operating expenses of $23.3 million in Q2 2024. Operating expenses for Q2 2025 included $2.3 million of share-based compensation compared to $3.8 million of share-based compensation in Q2 2024.Ìý

Liquidity as of June 30, 2025 was approximately $79.4 million, consisting of cash and cash equivalents, short term deposits, marketable securities and short-term restricted cash.Ìý

Updated FY 2025 Financial and Operational Targets
The company is reiterating itsÌýFY 2025 targets of:

  • Revenues of $50-$60 million, more than 2x 2024 levels;
  • 1-3 new program wins
  • The company is raising its 2025 NRE bookings target to $30-$60 million from $20-$50 million. Year to date, Innoviz has booked over $20 million in NREs.Ìý

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, Europe, and Asia, Innoviz has been selected by internationally recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit

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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 Israel to our ongoing operations. The foregoing list is not exhaustive. You should carefully consider such risk and the other risks and uncertainties described in Innoviz's annual report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 12, 2025, and in other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There can be no assurances that the Company will enter into definitive agreements, orders or receive payments with respect to the NRE payment plan referenced in this announcement. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý ÌýÌý

INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands (except share and per share data)Ìý
(Unaudited)








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
computing basic and diluted net loss per ordinary share


192,642,299


166,095,197


200,079,493


166,530,895










Ìý

Ìý

INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousandsÌý
(Unaudited)Ìý








June 30,


December 31,



2025


2024


ASSETS





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






Ìý

Ìý

INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands
(Unaudited)








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
used in operating activities:









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
securities


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
Ìý Ìý cost


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
equivalents and restricted cash


1,069


(43)


1,173


(117)

Increase (decrease) in cash, cash equivalents and
restricted cash


(11,830)


(2,257)


166


9,755

Cash, cash equivalents and restricted cash at the
beginning of the period


25,381


26,336


13,385


14,324

Cash, cash equivalents and restricted cash at the
end of the period

$

13,551

$

24,079

$

13,551

$

24,079

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SOURCE Innoviz Technologies

FAQ

What were Innoviz Technologies (INVZ) Q2 2025 earnings results?

Innoviz reported Q2 2025 revenues of $9.7 million, up from $6.7 million in Q2 2024, with operating expenses decreasing 20% to $18.5 million. The company maintained liquidity of $79.4 million as of June 30, 2025.

What is Innoviz's revenue guidance for 2025?

Innoviz reiterated its FY 2025 revenue guidance of $50-60 million, which represents more than 2x 2024 levels, and raised its NRE bookings target to $30-60 million.

What major partnerships did Innoviz (INVZ) announce in Q2 2025?

Innoviz signed a Statement of Development Work agreement with a Top 5 passenger automotive OEM for a 2027 production program, and announced collaborations with Cogniteam, Sparsh CCTV, CronAI, and integration with the NVIDIA Jetson Orin platform.

How much cash does Innoviz (INVZ) have as of Q2 2025?

As of June 30, 2025, Innoviz maintained liquidity of $79.4 million, consisting of cash and cash equivalents, short-term deposits, marketable securities, and short-term restricted cash.

What is InnovizSMART and when was it launched?

InnovizSMART is Innoviz's new auto-grade LiDAR solution for industrial applications such as Security, Mobility, Aerial, Robotics, and Traffic Management, launched in Q2 2025.
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