Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings Presentation May 14, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements within the but not limited to, the ability to implement business plans, forecasts, and other meaning of the federal securities laws, including statements regarding the expectations, the ability to convert design
Slide 3: Recent Highlights: Record Q1 2025 performance
RECENT Record Q1 2025 performance • Revenues of $17.4M, up ~190% sequentially HIGHLIGHTS and up 150% year over year • Record gross margins of 40% Expanded our NRE payment plan to ~$95M from ~$80M; majority of payments expected in 2025- 2026 Announced partnership with Fabrinet to launch mass producti
Slide 4: 2025: To be the world's premier large-scale supplier of best-in-class LiDAR solutions
2016: To enable safe autonomous driving 2021: To become the World’s Leading Tier-1 Direct Supplier of LiDAR & Perception Software 2025: To be the world’s premier large-scale supplier of best-in- class LiDAR solutions for autonomous driving and beyond © Innoviz Technologies Ltd. 2025 All Rights Reser
Slide 5: Financial Highlights
Financial Record revenues of Highlights $17.4M, up ~190% q/q and up ~150% y/y driven by NRE payments and sales of LiDAR Record Revenues and Gross Margin Gross margin of 40% Expanded NRE supported by positive NRE contribution Payment Plan to ~$95M from ~$80M Further decreased cash used in operations
Slide 6: Expanding our Manufacturing Capabilities with Fabrinet
Expanding our Fabrinet will act as our Manufacturing manufacturing partner for Capabilities with the InnovizTwo product platform Fabrinet Fabrinet's global footprint of manufacturing sites spread across the United States and Asia enables Innoviz to efficiently scale production to meet the InnovizTwo
Slide 7: Program Updates
Program Hundreds of ID. Buzz Updates AD shuttles will be equipped with suite of Delivering LiDAR 9 InnovizTwo LiDARs platform to VW ahead in 2025 ahead of 2026 fleet deployment of ID. Buzz fleet deployment The ID. Buzz AD will be 3x Significant expansion deployed in the US and Long-Range of collabor
Slide 8: New Engagements
New Engagements Growing momentum and expanding engagement with NVIDIA on the Hyperion platform Progress with major OEM evaluating Hyperion for potential integration Continue to see robust customer activity, and are in various stages of sourcing processes with several OEMs © Innoviz Technologies Ltd.
Slide 9: Smart Applications
Smart Applications Growing traction in non-automotive applications such as smart city, ground truth, and safety Expanding capacity will allow us to grow our available market Auto-grade reliability offer reassurance across multiple applications In discussions with several integrators around specific
Slide 10: Technological Updates
Technological Updates Have reached point cloud freeze, and building first C-Samples at Fabrinet 300m Unprecedented performance with InnovizTwo – 300 meters at 10% reflectivity under full sun conditions Focusing on higher-level KPIs related to image quality, uniformity, reliability, always-on availab
Slide 11: 2025 Targets
2025 Targets Expanding revenue via NREs, new programs, and sales of LiDAR Growing Revenue Adding Adding $50-60M 1-3 $20-50M Positive GM New NRE Bookings Revenue 2x+ 2024 levels Programs (Partially booked in Q1) © Innoviz Technologies Ltd. 20205 All Rights Reserved – Proprietary & Confidential. No Pa
Slide 12: Q1 2025 Financial Update
Q1 2025 Financial Update Eldar Cegla, Chief Financial Officer © Innoviz Technologies Ltd. 2025 All Rights Reserved – Proprietary & Confidential. No Part of this Document May be Reproduced or Disclosed in Any Manner.
Slide 13: Q1 2025 Financials
Q1 2025 Financials Cash used in Revenues Operations & Capital $17.4M Expenditures Revenues grew to $17.4M, compared to $7.1M in Q1 2024 $23.0M $20.7M $17.4M Cash used in operations and capital $20.7M expenditures of $20.7M, compared to $7.1M $23.0M in Q1 2024 Reduced operating expenses to $21.0M, a
Slide 14: Key Takeaways
KEY TAKEAWAYS Reported Selected Further record revenues Fabrinet for volume bolstered and gross margin production of financial position showcase InnovizTwo to by expanding progress to support SOPs and NRE payment achieving NT and ramps in ’26 and plan to ~$95M LT goals ‘27 Developing Ongoing Acceler
Slide 15: Thank You!
Thank You! fo) INNOVIZ TECHNOLOGIES