Innoviz Technologies Ltd. (INVZ) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. I would like to welcome you to our Q4 and full year 2024 earnings conference call. Joining us today are Omer Kilaf, Chief Executive Officer, and Eldar Tsegla, Chief Financial Officer. I would like to remind everyone that this call is being recorded and will be available on the investor relations section of our website at ir.inoviz.tech. Before we begin, I would like to remind you that our discussion today will include forward-looking statements that are subject to risks and uncertainties relating to future events and the future financial performance of Innovis. Actual results could differ materially from those anticipated in the forward-looking statements. Forward-looking statements made today speak only to our expectations as of today, and we undertake no obligation to publicly update or revise them. for a discussion of some important risk factors that could cause actual results to differ materially from any forward-looking statements, please see the risk factor section of our Form 20-F filed with the SEC on March 12th, 2024. Omer, please go ahead. Thank you, Leda. And good morning, everyone. Thank you all for joining us on this call. Today, I would like to tell you about some of our recent financial developments and business accomplishments. and lay out how these leave Innovees in a transformed financial and operational position for 2025 and beyond. In 2024, Innovees recorded another strong year of financial performance. Fully revenues were $24.3 million versus $20.1 million in 2023 and exceeded the midpoint of our guidance range. During the year, we decreased our cash dues in operations and capital expenditures to $81.4 million from $99.6 million in 2023. In the past two months, we've taken significant steps to strengthen our financial position. We e...