Innoviz Technologies

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. It offers InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz`s perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection and tracking features. The firm is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. The company was founded by Omer David Keilaf, Oren Buskila and Oren Rosenzweig on January 18, 2016 and is headquartered in Rosh Haayin, Israel.

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Innoviz Technologies surpasses Q2 revenue expectations, eyes growth opportunities

Innoviz Technologies demonstrated strong revenue performance and margin improvement in Q2 2024.
While facing challenges in revenue guidance for Q3, the company is optimistic about operational targets.
Securing key partnerships and focusing on technology advancements position Innoviz well for future growth.

Innoviz Technologies excels in Q3, eyes revenue growth opportunities

Innoviz Technologies delivered a strong Q3 performance, exceeding revenue expectations and improving financial efficiency.
Strategic partnerships and technological advancements enhance the company's competitive position and revenue growth potential.
Challenges include pipeline uncertainties and the need for careful expense management to achieve financial targets.
Opportunities lie in lower cash burn, diverse program pipeline, and advanced technologies driving future growth.

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Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. It offers InnovizOne, an automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next generation high-performance automotive-grade LiDAR sensor, and Innoviz`s perception software, designed to complement its hardware offerings with advanced AI and machine learning-based classification, detection and tracking features. The firm is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. The company was founded by Omer David Keilaf, Oren Buskila, and Oren Rosenzweig on January 18, 2016 and is headquartered in Rosh Haayin, Israel.

A player in the Lidar and autonomous vehicle space, Israel-based Innoviz (NASDAQ: INVZ ) announced that it would sell 26 million shares of INVZ stock, triggering a 20% decline in the name this morning. The firm reported that it would obtain gross proceeds of $65 million from the deal.

Why Is Innoviz (INVZ) Stock Down 20% Today?

TEL AVIV, Israel , Aug. 9, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) ("Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software,  today announced the pricing of its upsized underwritten public offering of 26.0 million ordinary shares at a public offering price of $2.50 per ordinary share.

Innoviz Announces Pricing of Upsized Public Offering of Ordinary Shares

TEL AVIV, Israel , Aug. 9, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) ("Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today announced that it has commenced an underwritten public offering of $60.0 million of its ordinary shares.

Innoviz Announces Public Offering of Ordinary Shares

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SOP and expanded relationship with BMW Group combined with additional year-to-date commercial momentum underlines the strength of Innoviz's LiDAR sensor and software platform TEL AVIV, Israel , Aug. 2, 2023 /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 second quarter ended June 30, 2023 and raised 2023 financial targets.

Innoviz Reports Second-Quarter 2023 Results and Increases 2023 Financial Targets Following Continued Commercial Momentum

Innoviz and the BMW Group to start first phase for new LiDAR generation New generation to enable Level 3 automated driving capabilities to a broader range of future vehicles Innoviz is developing a B-Sample for an enhanced solution portfolio, including the InnovizTwo second Generation LiDAR, an all-new InnovizCore compute box, and a suite of advanced AI-powered software solutions including an industry-first LiDAR-based MRM system TEL AVIV, Israel , Aug. 2, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) and the BMW Group are expanding their collaboration by starting a B-sample development phase on a new generation of LiDAR. Under the new development agreement, following BMW requirements, Innoviz will develop these B-Samples based on its second generation InnovizTwo LiDAR sensor.

Innoviz Technologies to Develop B-Samples of New LiDAR Platform for Next Generation of BMW Automated Vehicles

A rebound for technology stocks and excitement around AI are driving the market higher. LiDAR systems serve a wide range of industries including automotive, drones, robotics, mapping, and more.

A Bull Market Is Coming -- 1 Incredible AI Growth Stock to Buy Hand Over Fist Before It Soars 300%, According to Wall Street

Lidar technology companies are racing to secure contracts with auto manufacturers, time is running out for some. Innoviz has expanded its agreement with BMW and added Volkswagen as a customer. Innoviz is expected to begin commercial production in H2 2023 and has guided to significant additional design wins.

Innoviz Technologies: Speeding Toward Commercialization

TEL AVIV, Israel , July 10, 2023 /PRNewswire/ -- 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 announced that it will release its earnings results for the second quarter ended June 30, 2023 on Wednesday, August 2, 2023 before the market opens.

Innoviz Sets Second Quarter 2023 Conference Call for Wednesday, August 2 at 9:00 a.m. ET

Innoviz's automotive-grade LiDAR will be used to enable autonomy for LOXO's next zero-emission delivery vehicles. TEL AVIV, Israel and BERN, Switzerland , June 28, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today that Switzerland-based LOXO , a provider of zero-emission autonomous delivery vehicles, has signed a letter of intent (LOI) to deploy InnovizOne LiDAR units on its delivery vehicles through 2024.

Innoviz and LOXO Expand Partnership to Deploy Autonomous, Zero-Emission Delivery Vehicles Using InnovizOne LiDAR

Innoviz has a strong product portfolio focused on technology and innovation. The integration with all top three autonomy platform players brings structural advantage to Innoviz. Software revenues bring incremental upside to revenues and margins.

Innoviz: Deep Dive Into LiDAR Leader Of The Future

Innoviz's solution potentially reduces bridge and tunnel collisions globally, which could save lives, prevent costly infrastructure damage, and mitigate severe traffic congestion. Drive Group operates and manages major highways and toll roads throughout Israel.

Innoviz Debuts Industry-First LiDAR-Based Bridge Collision Detection System with Drive Group, Israeli Highway Operator

TEL AVIV, Israel , June 12, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced its in-person participation in the following upcoming investor conferences: Deutsche Bank's Global Auto Industry Conference - Senior management will attend the conference at the Deutsche Bank Center in New York, meet with investors in-person, and participate in a fireside chat moderated by Deutsche Bank, on June 14, 2023 at 1:35pm - 2:10pm ET.

Innoviz Technologies to Present at Upcoming Investor Conferences

The company's camera tech is finding its way into more vehicles. Innoviz has lost money in each of the last two fiscal years.

Why Innoviz Technologies Stock Was Up This Week

Innoviz Technologies Ltd. (NASDAQ:INVZ ) Q1 2023 Earnings Conference Call May 17, 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 Jared Maymon - Berenberg Samik Chatterjee - JP Morgan Andres Sheppard - Cantor Kevin Garrigan - WestPark Capital Rob Moffatt Good morning.

Innoviz Technologies Ltd. (INVZ) Q1 2023 Earnings Call Transcript

Innoviz Technologies Ltd. (INVZ) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.21.

Innoviz Technologies Ltd. (INVZ) Reports Q1 Loss, Tops Revenue Estimates

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 /PRNewswire/ -- 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 financial targets.

Innoviz Reports First-Quarter 2023 Results and Updates 2023 Targets

Fast-moving new program with an accelerated timeline Framework agreed, pending final requirements and commercial terms Strong financial contribution, expected start of production mid-decade Collaboration with a major compute platform provider, may lead to additional opportunities TEL AVIV, Israel , May 17, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 supplier of high-performance automotive grade LiDAR sensors and perception software, today announced that a major existing leading global automotive customer aims to expand its use of the InnovizTwo LiDAR to an existing light commercial vehicle program.

Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle

InnovizTwo won the gold award in the Smart Transportation category for its technical excellence TEL-AVIV, Israel , May 10, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) a Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, (the "Company" or "Innoviz") announced today that its second generation LiDAR sensor, InnovizTwo, won Gold in the Smart Transportation category of the 2023 Edison Awards™.

InnovizTwo LiDAR Wins Gold at 2023 Edison Best New Product Awards™

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The software company and Tier 1 LiDAR supplier are also in discussions about a possible extension of their partnership TEL AVIV, Israel , May 2, 2023 /PRNewswire/ --  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 announced that it is on-track to deliver LiDAR-technology for CARIAD's future advanced driver assistance systems (ADAS) and automated driving functions.

Innoviz is on track to deliver LiDAR technology for CARIAD in the Coming Years

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TEL AVIV, Israel , April 25, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a Tier 1 and direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, will demonstrate its state-of-the-art LiDAR technology at ITS America , held at the Gaylord Texan Resort in Grapevine, Texas, from April 24-27, 2023.

Innoviz Technologies to Showcase LiDAR Solutions at ITS America Conference in Texas

TEL AVIV, Israel , April 24, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a technology leader of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the first quarter ended March 31, 2023 on Wednesday, May 17, 2023 before the market opens.

Innoviz Sets First Quarter 2023 Conference Call for Wednesday, May 17 at 9:00 a.m. ET

TEL AVIV, Israel and NEW TAIPEI CITY, Taiwan , April 10, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a technology leader of high-performance, automotive-grade LiDAR sensors and perception software, today announced that it has signed a distribution agreement with Ascendtek Electronics Inc. ("Ascendtek"), an integrated provider of advanced electronic systems, to drive sales of the company's LiDAR solutions throughout the Greater China region.

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