Financial Data and Key Metrics Changes - The company is optimistic about the maturity of the industry regarding autonomous features, indicating a shift from hype to practical implementation [1][4] - Predictions suggest a 10% penetration of Level 3 vehicles by 2030, with Level 4 for commercial applications expected to be more abundant by the same year [4][5] Business Line Data and Key Metrics Changes - The company sees rapid maturation in two main segments: consumer applications (Level 3) and commercial applications (Level 4) [3][4] - For Level 3 applications, the company sells one LiDAR per vehicle, while for Level 4, it sells approximately nine LiDARs per vehicle, significantly increasing revenue potential [23][24] Market Data and Key Metrics Changes - The consumer market is projected to sell between 90 million to 100 million cars annually, while commercial applications have lower vehicle numbers but higher content per vehicle [22] - The company anticipates hundreds of millions in revenues if the projected vehicle sales materialize by 2030 [24] Company Strategy and Development Direction - The company aims to win more programs and mature its production line to meet automotive standards [48][51] - Collaborations with industry leaders like Mobileye and NVIDIA are crucial for integrating technology and expanding market reach [17][20] Management's Comments on Operating Environment and Future Outlook - The management acknowledges a slowdown in automaker sourcing due to various factors, including economic conditions and the rise of EVs [7][9] - There is optimism about new business awards in the next twelve months as the industry adapts to new technologies [9][10] Other Important Information - The company is focused on developing the Innoviz 3 line, aiming to improve performance while reducing costs, which is essential for broader market penetration [45][46] - The non-automotive vertical is seen as a significant opportunity, with existing applications in smart cities and industrial uses [38][40] Q&A Session Summary Question: How should investors frame the opportunity today regarding LiDAR penetration? - The company sees rapid maturation in consumer applications led by Level 3 and commercial applications by Level 4, with significant growth expected in the coming years [3][4] Question: What led to the slowdown in automaker sourcing? - The slowdown was attributed to various industry challenges, including economic factors and the need for OEMs to regroup after failed programs [7][9] Question: How is the competitive environment today? - The competitive landscape has clarified, with fewer companies meeting the necessary specifications, positioning Innoviz favorably due to its proven technology and partnerships [11][12] Question: What are the company's goals for the next six to eight months? - The primary goals include winning more programs and ensuring the production line is ready for automotive standards [48][51]

Core Insights - The automotive sensors market is experiencing exponential growth driven by innovations, consumer demand, and regulatory standards [1][2] - Companies like Innoviz Technologies, Bosch, OmniVision, and Continental are actively investing in innovative sensor solutions and filing patents [2][3] - The report identifies the top 10 automotive sensing technologies, including LiDAR, RADAR, Camera Sensors, and 3D Vision Sensors, which enhance vehicle functions and performance [2][3] Company Coverage - Innoviz Technologies, Bosch, OmniVision, and Continental are highlighted as key players in the automotive sensing technology sector [2][3] Key Topics Covered - The report addresses strategic imperatives, ecosystem scope and segmentation, growth drivers and restraints, and trends in sensor technologies [2][3] - It also includes an analysis of intellectual property filings and funding deals in the automotive sensing industry [2][3] Growth Opportunities - The report identifies growth opportunities in electric vehicles, vehicle connectivity and telematics, and vehicle health monitoring [6] - It emphasizes the importance of advancements in sensing technologies and their applications in the automotive industry [3][6]

Innoviz Technologies Ltd. (INVZ) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.09, delivering a surprise of 18.18%.Over the last four quarters, the company ha ...

Innoviz Technologies (INVZ) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Ada Menaker - VP - Corporate Development & Investor RelationsOmer David Keilaf - Co-Founder, CEO & DirectorEldar Cegla - Chief Financial OfficerJash Patwa - Equity Research AssociateCasey Ryan - Director of Research Conference Call Participants Mark Delaney - AnalystKevin Garrigan - Senior Research Analyst Ada Menaker Good morning. I would like to welcome you to our Q1 twenty twenty five earnings conference call. ...

Financial Data and Key Metrics Changes - Innoviz reported record revenues of $17,400,000 in Q1 2025, which is approximately three times sequentially and 2.5 times year over year [3][12] - Gross margin reached approximately 40%, marking the highest level in the company's history [3][13] - The cash position at the end of the quarter was $85,400,000, bolstered by a registered direct offering [13][28] Business Line Data and Key Metrics Changes - Revenues were significantly driven by NRE payments under an expanded payment plan, which increased from approximately $80,000,000 to $95,000,000 [4][12] - Sales of LiDARs to both new and existing customers also contributed to revenue growth [12] Market Data and Key Metrics Changes - The company is seeing strong traction in the automotive sector, particularly with partnerships for robotaxi deployments [6][19] - Collaborations with major players like Volkswagen and NVIDIA are expanding, indicating a growing market presence [20][34] Company Strategy and Development Direction - Innoviz aims to become the world's premier large-scale supplier of LiDAR solutions for autonomous driving [11][34] - The partnership with Fabrinet is expected to enhance production capabilities and meet customer demand efficiently [5][15] - The company is focusing on both automotive and non-automotive applications, targeting smart city solutions and safety [22][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a more than twofold increase in revenues year over year for 2025, projecting revenues between $50,000,000 and $60,000,000 [25] - The company anticipates fluctuations in margins due to the timing of NRE revenues and product ramp timelines [29] - Management is closely monitoring the impact of U.S. tariffs, expecting minimal effects on operations [27][48] Other Important Information - The company is actively engaged in discussions with several integrators for deploying LiDAR technology in various applications [22][62] - Innoviz is advancing its technological capabilities, with a focus on meeting higher-level KPIs required for level three and level four applications [24][77] Q&A Session Summary Question: What market share does Innoviz expect in the global AV deployment? - Innoviz is collaborating with strong platform players and expects to gain a significant first-mover advantage in the robotaxi market due to partnerships with companies like Volkswagen and Uber [39][40] Question: What are the expected gross margins for NRE programs? - Gross margins are expected to be positive but may not consistently reach the high levels seen in Q1 due to the nature of NRE revenues [42][44] Question: What is the impact of tariffs on Innoviz's LiDAR shipments? - Innoviz does not fall under the 25% tariff category and expects minimal impact from tariffs, with flexibility in manufacturing options through Fabrinet [48][49] Question: Can you provide insights into the partnership with NVIDIA on the Hyperion platform? - Innoviz is a key player in the Hyperion platform, which is a full-stack solution offered by NVIDIA, and is involved in daily discussions regarding integration [51][55] Question: How is Innoviz approaching non-automotive applications? - Innoviz is primarily working through integrators and distributors, providing high-performance LiDAR solutions that can displace existing technologies [62][64]

May 14, 2025 Forward Looking Statements This presentation 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 compl ...

Financial Position - As of December 31, 2024, the company had approximately $68.0 million in cash and cash equivalents, short-term bank deposits, short-term restricted cash, and marketable securities[361]. - For the year ended December 31, 2024, the company reported a net cash used in operating activities of approximately $76.9 million, compared to $93.1 million in 2023[362][364]. - The company experienced a net loss of approximately $94.8 million for the year ended December 31, 2024, which was impacted by non-cash charges of approximately $17.8 million[363]. Cash Flow and Investments - Cash provided by investing activities for the year ended December 31, 2024, was approximately $75.5 million, primarily from the withdrawal of bank deposits and proceeds from sales and maturities of marketable securities[365]. - The company plans to fund operations from revenues generated from the sale of goods and services, along with funds received under the registered direct offering[370]. Research and Development - The company expects to continue investing substantially in research and development activities and incur commercialization expenses related to product sales, marketing, manufacturing, and distribution[368]. - The company has invested significantly in research and development of LiDAR-based technologies, with a team of 340 employees as of December 31, 2024[375]. Revenue and Performance Obligations - The aggregate amount of the transaction price allocated to remaining performance obligations as of December 31, 2024, was $15.3 million, expected to be recognized as revenues within the next 12 months[374]. - Approximately 92% of the company's revenues were denominated in USD for the year ended December 31, 2024[354]. - The company anticipates additional inflows of NRE payments from various programs to balance some of its losses in future periods[371]. Inventory and Cost Management - Losses from firm non-cancellable commitments for future inventory purchases are charged to cost of revenues unless recoverable through firm sales contracts[386]. - Property and equipment are stated at cost, net of accumulated depreciation and impairment, with useful lives routinely reviewed[387]. - Raw materials and work in process are based on weighted average cost, while finished goods are mainly based on weighted average standard cost method[388].

Innoviz Technologies (INVZ) Q4 2024 Earnings Call February 26, 2025 05:57 PM ET Company Participants Omer David Keilaf - Co-Founder, CEO & DirectorEldar Cegla - Chief Financial OfficerJash Patwa - Equity Research AssociateCasey Ryan - Director of Research Conference Call Participants Mark Delaney - AnalystKevin Garrigan - Research Analyst Operator Good morning. I would like to welcome you to our Q4 and full year twenty twenty four earnings conference call. Joining us today are Omer Kilaev, Chief Executive O ...

Innoviz Technologies Ltd (NASDAQ:INVZ) Q4 2024 Earnings Conference Call February 26, 2025 9:00 AM ET Company Participants Omer Keilaf - Chief Executive Officer Eldar Cegla - Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Jash Patwa - J.P. Morgan Casey Ryan - WestPark Capital Kevin Garrigan - Rosenblatt Securities Operator Good morning. I would like to welcome you to our Q4 and Full-Year 2024 Earnings Conference Call. Joining us today are Omer Keilaf, Chief Executive Office ...

Group 1: Earnings Performance - Innoviz Technologies reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of $0.11, and improved from a loss of $0.18 per share a year ago, representing an earnings surprise of 18.18% [1] - The company posted revenues of $6.03 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.79%, and down from $14.92 million in the same quarter last year [2] - Over the last four quarters, Innoviz has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Innoviz Technologies shares have declined approximately 51.6% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.09 on revenues of $11.54 million, and -$0.29 on revenues of $86.89 million for the current fiscal year [7] - The Zacks Rank for Innoviz is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Automotive - Original Equipment industry, to which Innoviz belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]