Business
Innoviz Reports First Quarter 2025 Results
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 quarter ended March 31, 2025 and reiterated its full year commercial and financial targets.
About this update from Innoviz Technologies Ltd.
[{"type":"list","items":[{"val":[{"type":"text","content":"Record revenues and gross margins showcase the Company's progress toward achieving full-year targets and long-term goals","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Accelerating LiDAR shipments to Volkswagen Autonomous Mobility for ID. Buzz AD on the Mobileye Drive™ platform ahead of fleet deployments by MOIA and Uber; Fabrinet partnership to support volume production","length":205,"tagName":"p"}]},{"val":[{"type":"text","content":"Expansion of NRE payment plan to approximately $95M underscores customer commitment to the InnovizTwo platform","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"Growing momentum with NVIDIA and Hyperion platform, and progress with a major OEM evaluating Hyperion for potential integration","length":127,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":566,"olType":false},{"type":"text","content":"TEL AVIV, Israel, May 14, 2025 /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 quarter ended March 31, 2025 and reiterated its full year commercial and financial targets.","length":443,"tagName":"p"},{"type":"image","alt":"Innoviz Technologies Logo","displaySize":"","headline":null,"caption":"Innoviz Technologies Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":126,"url":"https://media.zenfs.com/en/prnewswire.com/05329d4489b9744620a914cde822ca22"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ucSAepw0NrQO45qc7BjKdw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/05329d4489b9744620a914cde822ca22","width":400,"height":126}}},{"type":"text","content":""I am very pleased with our strong start to 2025. Our record financial performance in the quarter, as well as recent developments in our customer and production partnerships, demonstrate that we are well on our way to meeting our full-year 2025 and long-term goals," said Omer Keilaf, CEO and Co-Founder of Innoviz. "Following Uber and VW's recent announcement around autonomous fleet deployments in 2026, Inno...