Innoviz Technologies reports Q3 EPS (8c), consensus (8c)

Reports Q3 revenue $15.3M, consensus $14.67M. “The third quarter continued to build on the first half’s momentum from a financial and business perspective. We were selected for series production of L4 class 8 autonomous trucks by a major commercial vehicle OEM, and expect to be able to share the name of the OEM in the coming weeks. This trucking collaboration, as well as our progress in L3 and L4 automotive programs and the traction we’re seeing in the non-automotive space demonstrate the breadth of our capabilities and our expanding reach across multiple LiDAR end-markets,” said Omer Keilaf, CEO and Co-Founder of Innoviz. “Revenue in 2025 is continuing to broadly outpace 2024, while cash burn declines; our financial performance and strong trajectory of customer engagements show that we are well on our way to meeting our long-term commitments. Just months after introducing the InnovizSMART, we’ve been able to demonstrate that Innoviz-powered perimeter security systems outperform systems based on other technologies. As the InnovizTwo continues to be one of the leading solutions in the industry, we are unveiling the InnovizThree, which will feature a smaller form factor and improvements in power consumption and performance. With our growing customer engagements and expanding production capacity, we believe we are well-positioned to achieve our goal of becoming the world’s premier large-scale supplier of best-in-class LiDAR solutions for autonomous driving and beyond.”