Record First Half Revenues
Innoviz reported revenues of $27.1 million for the first half of 2025, exceeding the entire revenue for 2024. Q2 revenue alone was $9.7 million, a 46% year-over-year increase.
Partnership with Top 5 Automotive OEM
Innoviz signed a statement of work agreement with a top 5 passenger automotive OEM for a Level 3 global production program, marking entry into a new geography with potential expansion opportunities.
InnovizSMART Launch and Adoption
Innoviz launched InnovizSMART, an automotive-grade LiDAR for nonautomotive applications, and announced collaborations with Cogniteam, Sparsh CCTV, and Cron AI. InnovizSMART is also compatible with NVIDIA Jetson AGX Orin.
Fabrinet Production Line Achievement
Innoviz began shipping units from Fabrinet's high-volume production line, marking a significant milestone in mass production capabilities.
Increased 2025 NRE Booking Guidance
Innoviz increased its 2025 NRE booking guidance to $30 million to $60 million, up from $20 million to $50 million, having already booked more than $20 million in NREs.