Innoviz Technologies .(INVZ)

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Innoviz Technologies .(INVZ) - 2022 Q3 - Earnings Call Presentation
2022-11-09 16:05
INNOVIZ TECHNOLOGIES right = 500 Q3 2022 Earnings Presentation November 9th, 2022 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, Innoviz's forward-looking order book, and Innoviz's projected future results. These forward-looking statements generally ar ...
Innoviz Technologies .(INVZ) - 2022 Q2 - Quarterly Report
2022-08-18 20:01
Exhibit 99.1 INNOVIZ TECHNOLOGIES LTD. AND ITS SUBSIDIARIES INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 UNAUDITED INDEX | | Page | | --- | --- | | Interim Consolidated Balance Sheets | F-2 - F-3 | | Interim Consolidated Statements of Operations | F-4 | | Interim Statements of Changes in Convertible Preferred Shares and Shareholders' Equity (Deficit) | F-5 | | Interim Consolidated Statements of Cash Flows | F-6 - F-7 | | Notes to Interim Consolidated Financial Statements | F-8 - F-18 | | - ...
Innoviz Technologies .(INVZ) - 2022 Q2 - Earnings Call Transcript
2022-08-10 19:03
Financial Data and Key Metrics Changes - Revenues for Q2 2022 were $1.8 million, compared to $1 million in Q2 2021, indicating a significant increase [29] - Operating expenses in Q2 2022 were $28.8 million, a decrease from $170.7 million in Q2 2021, primarily due to a reduction in share-based compensation [30] - Research and development expenses for Q2 2022 were $21.9 million, down from $32.1 million in Q2 2021 [31] - The company maintains a high liquidity level of approximately $246 million in cash and marketable securities as of June 30, 2022 [27][28] Business Line Data and Key Metrics Changes - The Volkswagen Group nomination has increased Innoviz's order book by $4 billion, totaling $6.6 billion [7] - The company expects to supply LiDAR sensors for at least 8 million cars over the lifetime of the Volkswagen program, with a projected revenue ramp-up starting in three to four years [26][45] Market Data and Key Metrics Changes - Innoviz's overall automotive market share increased by 12% to a total of 15% [20] - The company is managing 12 automotive RFIs and RFQs at different stages, with expectations for two to three programs to be decided in the next six months [20][41] Company Strategy and Development Direction - Innoviz aims to become the world's leading tier one supplier for LiDAR and perception software in the automotive industry, focusing on partnerships with major car manufacturers like Volkswagen and BMW [5][10] - The company is investing in technology and perception software while ramping up production capabilities for InnovizTwo [22][23] - Innoviz is also exploring opportunities in non-automotive markets, leveraging the maturity of its products [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the contractor's ability to supply tier 1 and other brands, with positive dynamics in discussions with various brands [39] - The company is optimistic about additional brands being included in the Volkswagen program, which could further enhance revenue potential [40] - Management believes that being recognized as a tier 1 supplier has increased credibility with other OEMs, facilitating discussions for new contracts [50][52] Other Important Information - Innoviz has appointed country managers for the U.S. and Japan to capitalize on growth opportunities following the Volkswagen nomination [12] - The company is hosting events to strengthen collaboration with leading platform vendors, including a workshop with NVIDIA [9][10] Q&A Session Summary Question: Understanding CARIAD and its impact on the order book - Management confirmed confidence in the contract with Volkswagen and stated that integration discussions are ongoing with each brand [39] Question: Likelihood of winning additional programs - Management expressed strong positioning for upcoming programs, emphasizing the competitive advantage from guaranteed volume with Volkswagen [42] Question: Details on revenue ramp-up from the BMW partnership - Revenue is expected from both NRE and sales of cars equipped with LiDARs, with material revenue anticipated towards the end of next year [47] Question: Confidence in securing agreements with prospective customers - Management indicated that Innoviz is on the shortlist for all 12 prospective agreements, with a higher probability of success due to recent wins [48] Question: Impact of tier 1 status on credibility with OEMs - Management noted that tier 1 status has significantly improved credibility and opened doors for additional opportunities with car makers [50][52]
Innoviz Technologies .(INVZ) - 2022 Q2 - Earnings Call Presentation
2022-08-10 15:47
Company Vision and Strategy - Innoviz aims to become the world's leading Tier 1 supplier of LiDAR and perception software[2] - The company is expanding its global footprint, leveraging its success in Germany to target the EU, Japan, China, and the USA[7, 8] - Innoviz is transitioning to a direct supplier business model (Tier 1) to reduce costs for customers and increase revenue contribution[9] Key Partnerships and Market Position - Innoviz was selected by two leading car makers, representing 15% of the automotive market[6] - The company has established collaborations with market leaders, including BMW Group and Qualcomm[5] - Innoviz is targeting a 15% automotive market share[14] Product Development and Manufacturing - Innoviz is ramping up volume production of INNOVIZTWO B1 samples, expected to begin in early 2023[16] - First integration of INNOVIZ360 B samples is planned for Q3/Q4 2022, with engineering samples available by the end of 2022[16] - The company utilizes design for automation and relies on contract manufacturing to avoid additional investment in volume manufacturing[10] Financial Performance and Targets - Innoviz reported revenues of $1.8 million for Q2 2022, compared to $1.0 million in Q2 2021[17] - The company maintains a high liquidity level of $246 million in cash, short-term deposits, and marketable securities[17] - Innoviz has a $6.6 billion order book, representing total lifetime projected revenues from awarded accounts[14]
Innoviz Technologies .(INVZ) - 2022 Q1 - Earnings Call Presentation
2022-05-12 04:33
INNOVIZ TECHNOLOGIES the the 2 the See the Q1 2022 Earnings Presentation 11th May, 2022 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, Innoviz's forward-looking order book, and Innoviz's projected future results. These forward-looking statements genera ...
Innoviz Technologies .(INVZ) - 2022 Q1 - Quarterly Report
2022-05-11 20:02
Innoviz Technologies Reports First Quarter 2022 Financial Results TEL AVIV, Israel, May 11, 2022 – Innoviz Technologies (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology leader of high-performance, solid-state LiDAR sensors and perception software, today reported its financial results for the first quarter ended March 31, 2022 and updated its forward-looking guidance, as well as provided updates on commercial traction, technology leadership, and corporate development. Management Commentary "We made ...
Innoviz Technologies .(INVZ) - 2022 Q1 - Earnings Call Transcript
2022-05-11 17:20
Innoviz Technologies Ltd. (NASDAQ:INVZ) Q1 2022 Earnings Conference Call May 11, 2022 9:00 AM ET Company Participants Omer David Keilaf - Co-Founder & CEO Eldar Cegla - CFO Oren Buskila - Co-Founder & Chief R&D Richard Rau - VP of Automated Driving of BMW Conference Call Participants Michael Pilato - Berenberg Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Operator Good morning, and welcome to Innoviz First Quarter 2022 Earnings Conference Call. Joinin ...
Innoviz Technologies .(INVZ) - 2021 Q4 - Annual Report
2022-03-30 20:03
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, 2021 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) - 2021 Q4 - Earnings Call Transcript
2022-03-02 19:37
Innoviz Technologies Ltd. (NASDAQ:INVZ) Q4 2021 Earnings Conference Call March 2, 2022 9:00 AM ET Company Participants Omer David Keilaf - Co-Founder & CEO Eldar Cegla - CFO Oren Buskila - Co-Founder & Chief R&D Richard Rau - VP of Automated Driving of BMW Conference Call Participants Mark Delaney - Goldman Sachs Michael Pilato - Berenberg Andres Sheppard - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Operator Good morning, and welcome to Innoviz Fourth Quarter 2021 Earnings Conference Call. Join ...
Innoviz Technologies .(INVZ) - 2021 Q4 - Earnings Call Presentation
2022-03-02 17:19
TECHNOLOGIES | --- | --- | --- | --- | --- | |---------|-------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | Q4 2021 | Entering 2022 from a Position of Strength | | | | | | March 2, 2022 | | | | 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 mar ...