Innoviz Sets Fourth Quarter and Full Year 2024 Conference Call for Wednesday, February 26 at 9:00 a.m. ET

Core Viewpoint - Innoviz Technologies Ltd. is set to release its earnings results for Q4 and the full year of 2024 on February 26, 2025, before market opening [1] Financial Results Announcement - The earnings results will be discussed in a conference call and webinar at 9:00 a.m. Eastern Time on the same day, followed by a Q&A session for investors [2] - A press release with operational and financial results will be issued prior to the call [2] Recent Corporate Developments - Innoviz has entered into a multi-year NRE payment plan worth approximately $80 million with key customers, expecting over$40 million in cash payments in 2025 [4] - The company’s LiDAR technology will be integrated into Mobileye's Mobileye Drive™ platform, which is adopted by major vehicle manufacturers globally [4] - Innoviz's perception software has been optimized for the NVIDIA DRIVE AGX Orin platform [4] - As of December 31, 2024, Innoviz reported a cash position of $68.0 million, defined as cash and cash equivalents, bank deposits, marketable securities, and short-term restricted cash [4][5] - The company plans to implement operational optimizations in the first half of 2025 to enhance profitability and free cash flow generation [4] Company Overview - Innoviz is a global leader in LiDAR technology, serving as a Tier-1 supplier to leading automotive manufacturers and aiming for a future with safe autonomous vehicles [6] - The company's LiDAR and perception software surpass human driving capabilities, meeting stringent automotive performance and safety standards [6]