Innoviz Technologies .(US:INVZ)2026-03-04 21:03Financial Position - As of December 31, 2025, the company had approximately $72.1 million in cash and cash equivalents, short-term bank deposits, short-term restricted cash, and marketable securities [325]. - During the year ended December 31, 2025, the company experienced a net decrease in cash, cash equivalents, and restricted cash of approximately $16.7 million [327]. Cash Flow Activities - During the year ended December 31, 2025, the company reported a net cash used in operating activities of approximately $47.9 million, primarily due to a net loss of approximately $67.8 million [328]. - The company generated approximately $51.5 million in cash from financing activities during the year ended December 31, 2025, including approximately $37.3 million from a registered direct offering [332]. - Cash used in investing activities for the year ended December 31, 2025, was approximately $21.4 million, mainly due to investments in bank deposits and marketable securities [330]. Future Outlook - The company expects to continue incurring significant losses in future periods as it invests in research and development and commercialization efforts [337]. - The aggregate amount of the transaction price allocated to remaining performance obligations was approximately $7.6 million, expected to be recognized as revenue within the next 12 months [339]. Research and Development - The research and development team comprised 283 employees as of December 31, 2025, focusing on LiDAR-based technologies [340]. - The company plans to expand production capabilities for its LiDAR solutions and invest in sales and marketing activities to diversify target markets [338]. Inventory Management - The company has sufficient component inventory to meet near-term customer demands and is procuring additional stock to mitigate future supply chain strains [344]. - Inventory is stated at the lower of cost or estimated net realizable value, with write-downs charged to cost of revenue for obsolete inventory [350]. - Losses from firm non-cancellable commitments for future inventory purchases are charged to cost of revenues unless recoverable through sales contracts [351]. Property and Equipment - Property and equipment are stated at cost, net of accumulated depreciation, with useful lives routinely reviewed and adjusted as necessary [352].