Innoviz Technologies .(INVZ)

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Innoviz Technologies .(INVZ) - 2023 Q4 - Annual Report
2024-03-12 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...
Innoviz Technologies .(INVZ) - 2023 Q4 - Earnings Call Transcript
2024-02-29 01:24
Innoviz Technologies Ltd (NASDAQ:INVZ) Q4 2023 Earnings Conference Call February 28, 2024 9:00 AM ET Company Participants Rob Moffatt - VP, Corporate Development & IR Omer Keilaf - CEO Eldar Cegla - CFO Conference Call Participants Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Kevin Garrigan - WestPark Capital Rob Moffatt Good morning, this is Rob Moffatt Vice President of Corporate [technical difficulty] Development and Investor Relations at Innoviz, ...
Innoviz Technologies .(INVZ) - 2024 Q1 - Quarterly Report
2024-02-28 21:08
Exhibit 99.1 Innoviz Reports Fourth Quarter and Full Year 2023 Results, Exceeding Revenue Guidance TEL AVIV, Israel, Feb. 28, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high- performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the fourth quarter and full year ended December 31, 2023, and set 2024 commercial a ...
Innoviz Technologies .(INVZ) - 2023 Q3 - Earnings Call Transcript
2023-11-09 07:01
Innoviz Technologies Ltd (NASDAQ:INVZ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Rob Moffatt - VP, Corporate Development & IR Omer Keilaf - CEO Eldar Cegla - CFO Conference Call Participants Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Kevin Garrigan - WestPark Capital Rob Moffatt Good morning. This is Rob Moffat, Vice President of Corporate Development and Investor Relations at Innoviz, and I want to welcome y ...
Innoviz Technologies .(INVZ) - 2023 Q4 - Annual Report
2023-11-08 21:04
Exhibit 99.1 Innoviz reiterates full year 2023 commercial and financial targets and expects another meaningful step-up in revenues in Q4 2023 TEL AVIV, Israel, November 8, 2023 – Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the third quarter ended September 30, 2023 and reite ...
Innoviz Technologies .(INVZ) - 2023 Q3 - Earnings Call Presentation
2023-11-08 15:19
Q3 2023 Earnings Presentation Forward Looking Statements Many factors could cause actual future events, and, in the case of our forward-looking revenue, Cash Collection from Customers, 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, ...
Innoviz Technologies .(INVZ) - 2023 Q2 - Earnings Call Presentation
2023-08-10 12:35
Q2 2023 Earnings Presentation August 2, 2023 Many factors could cause actual future events, and, in the case of our forward-looking revenue, Cash Collection from Customers, 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 series production awards or other programs into definitive orders and the magnit ...
Innoviz Technologies .(INVZ) - 2023 Q3 - Quarterly Report
2023-08-02 20:01
Revenue and Financial Performance - Q2 2023 revenues were $1.5 million, up 45% compared to Q1 2023 and down 18% compared to Q2 2022[6] - 2023 revenues are now expected to be in the range of $15-20 million, up from the previously disclosed range of $12-15 million[9] - Net loss for the six months ended June 30, 2023 was $65.97 million, compared to $58.35 million in the same period of 2022, a 13.1% increase[22] - Net cash used in operating activities for the six months ended June 30, 2023 was $51.43 million, slightly higher than $50.11 million in the same period of 2022[22] Operating Expenses and Costs - Operating expenses in Q2 2023 were $30.4 million, an increase of 6% compared to Q2 2022[7] Liquidity and Cash Flow - Liquidity as of June 30, 2023 consisted of approximately $129.6 million in cash and cash equivalents, short term deposits, short term restricted cash and marketable securities[8] - Cash and cash equivalents dropped from $55.7 million in December 2022 to $34.3 million in June 2023, a 38.4% decrease[20] - Investment in bank deposits increased to $62.0 million in the six months ended June 30, 2023, up from $50.0 million in the same period of 2022[22] - Withdrawal of bank deposits decreased to $79.5 million in the six months ended June 30, 2023, down from $135.0 million in the same period of 2022[22] Business Development and Partnerships - Innoviz achieved Start of Production (SOP) with its first generation BMW Group program, with first component shipments in July 2023[2] - Innoviz announced an expansion in its relationship with BMW Group, developing B-samples for an enhanced solution portfolio including InnovizTwo LiDAR and InnovizCore AI compute module[3] - Innoviz began shipping production units to BMW Group's first generation program in July 2023[4] - Innoviz is currently working with 8 of the top 10 global automakers, with more than 5 programs in the RFQ stage[5] - Total new NRE bookings are now expected to be in the range of $20-70 million, up from the previously disclosed range of $20-40 million[9] Product Development and Innovation - Innoviz completed development of a new custom ASIC, potentially extending LiDAR's maximum detection range to over 450 meters[5] Asset and Equity Changes - Total assets decreased from $255.4 million in December 2022 to $198.8 million in June 2023, a decline of 22.2%[20] - Total shareholders' equity declined from $192.0 million in December 2022 to $136.7 million in June 2023, a 28.8% decrease[20] - Accumulated deficit increased from $511.8 million in December 2022 to $577.8 million in June 2023[20] Trade Receivables and Inventory - Trade receivables increased from $1.76 million in December 2022 to $2.38 million in June 2023, a 35.2% rise[20] - Inventory grew from $4.24 million in December 2022 to $4.58 million in June 2023, an 8.2% increase[20]
Innoviz Technologies .(INVZ) - 2023 Q2 - Earnings Call Transcript
2023-08-02 17:47
Innoviz Technologies Ltd. (NASDAQ:INVZ) Q2 2023 Earnings Conference Call August 2, 2023 9:00 AM ET Company Participants Rob Moffatt - Vice President-Business Development and Investor Relations Omer Keilaf - Co-Founder and Chief Executive Officer Eldar Cegla - Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Kevin Cassidy - Rosenblatt Securities Kevin Garrigan - WestPark Capital Samik Chatterjee - JPMorgan Operator Good morning. This is Rob Moffatt, V ...
Innoviz Technologies .(INVZ) - 2023 Q2 - Quarterly Report
2023-05-17 20:01
Innoviz updates 2023 targets due to expanded relationship with a major existing customer along with other progress made year-to-date TEL AVIV, Israel, May 17, 2023 – Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the first quarter ended March 31, 2023 and updated 2023 commercial and fi ...