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Innoviz Technologies (INVZ)
NASDAQ:INVZ
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Innoviz Technologies
(NASDAQ:INVZ)
Rating:53Neutral
Price Target:
$1.50
▼(-7.41% Downside)
Positive Factors
Manufacturing Expansion
Innoviz Technologies is expanding its contract manufacturing capacity significantly, which is expected to support increased production for existing customers.
Technology Development
Innoviz Technologies is advancing in technology development, reaching the C-sample stage for its InnovizTwo LiDAR sensors and focusing on validating production quality.
Negative Factors
Cash Flow
Reported a decrease in cash and cash equivalents, with net cash used in operations and capex combined at ~$17.7M.
Revenue Expectations
Downgraded to Neutral due to lower revenue expectations and slower-than-expected ramp-up in product shipments.
Innoviz Technologies (INVZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$322.32M
Dividend YieldN/A
Average Volume (3M)8.42M
Price to Earnings (P/E)―
Beta (1Y)2.87
Revenue Growth17.32%
EPS Growth37.70%
CountryUS
Employees415
SectorConsumer Cyclical
Sector Strength81
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.09
Shares Outstanding198,961,960
10 Day Avg. Volume8,777,595
30 Day Avg. Volume8,415,402
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue8.21
Enterprise Value/Gross Profit39.90
Enterprise Value/Ebitda-3.72
Forecast
1Y Price Target
$1.50Price Target Upside-7.41% Downside
Rating ConsensusHold
Number of Analyst Covering1
Innoviz Technologies Business Overview & Revenue Model
Company DescriptionInnoviz Technologies Ltd. (INVZ) is a leading provider in the automotive industry, renowned for its innovative LiDAR (Light Detection and Ranging) solutions. The company specializes in developing cutting-edge hardware and software for autonomous vehicles, offering products that enhance vehicle safety with high-performance sensing technology. Innoviz's LiDAR systems are designed to meet the demanding requirements of automotive-grade autonomous driving platforms.
How the Company Makes MoneyInnoviz Technologies primarily generates revenue through the sale of its LiDAR products and related software solutions to automotive manufacturers and suppliers. The company forms strategic partnerships with key players in the automotive industry to integrate its technology into vehicles, thus enabling advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Additionally, Innoviz may engage in licensing agreements for its proprietary technology, offering another revenue stream. Significant collaborations with major automotive OEMs and tier-1 suppliers bolster its market presence and contribute to its earnings.
Innoviz Technologies Earnings Call Summary
Earnings Call Date:Aug 13, 2025
(Q2-2025)
| % Change Since: -10.99%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth, strategic partnerships, and successful product launches, demonstrating significant progress and potential for Innoviz. However, ongoing cash burn and the need for an ATM program indicate financial challenges, tempered by positive momentum in business development and production capabilities.Q2-2025 Updates
Positive Updates
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.
Negative Updates
Cash Burn and Financial Stability Measures
Cash burn for the quarter was $7.3 million, prompting the launch of a $75 million ATM program to buffer NRE payment lumpiness and maintain liquidity.
Potential Risks in Contract Finalization
While working on the development program with a top 5 OEM, Innoviz is still finalizing contract details, which could pose risks if not concluded successfully.
Company Guidance
In the second quarter of 2025, Innoviz Technologies reported significant progress towards its financial and operational goals, with revenues reaching $9.7 million, bringing the first half of the year to $27.1 million, surpassing the total revenue for 2024. The company is on track to meet its full-year revenue target of $50 million to $60 million. Cash burn for the quarter was $7.3 million, aligning with guidance for a single-digit cash burn, and the company ended the quarter with $79.4 million in cash and cash equivalents. Innoviz has raised its 2025 NRE booking guidance to $30 million to $60 million, having already booked over $20 million year-to-date. On the business front, Innoviz signed a statement of work agreement with a top 5 passenger automotive OEM for a Level 3 global production passenger vehicle program slated for SOP in 2027, and launched InnovizSMART for industrial applications. The company is also ramping up production to meet growing demand, expecting to ship 10 times more units in the third quarter compared to the second quarter.Innoviz Technologies Financial Statement Overview
Summary
Innoviz Technologies shows robust revenue growth but remains unprofitable, with negative margins indicating operational inefficiencies. The balance sheet is strong, with low leverage, providing a cushion against ongoing losses. Cash flow remains a concern, with negative free cash flow underscoring the need for improved operational performance. Overall, while there are growth prospects, the company must address profitability to ensure long-term sustainability.Income Statement
Innoviz Technologies has shown significant revenue growth with a TTM revenue increase to 34.6 million from 24.3 million in the previous year. However, the company continues to operate at a loss, with negative net and gross margins. The net loss has decreased from last year, but profitability remains a challenge with negative EBIT and EBITDA margins.35
Negative
Balance Sheet
Innoviz maintains a strong equity base, with a debt-to-equity ratio of 0.26, indicating low leverage. The equity ratio is healthy at 68.6%, reflecting a solid capital structure. Despite a stable balance sheet, the company is still unprofitable, which could impact equity if losses persist.60
Neutral
Cash Flow
The company's cash flow from operations remains negative, reflecting ongoing operational challenges. Free cash flow is also negative, indicating the company is consuming cash. However, there is a slight improvement in operating cash flow year-over-year, and financing activities have provided a cash influx.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.60M | 24.27M | 20.88M | 6.03M | 5.47M | -9.36M |
| Gross Profit | 7.12M | -1.16M | -11.61M | -8.76M | -5.02M | -15.77M |
| EBITDA | -76.29M | -94.13M | -123.41M | -126.24M | -153.69M | -79.82M |
| Net Income | -77.26M | -94.76M | -123.45M | -126.87M | -153.56M | -81.51M |
Balance Sheet | ||||||
| Total Assets | 157.12M | 132.05M | 219.23M | 255.43M | 327.22M | 72.56M |
| Cash, Cash Equivalents and Short-Term Investments | 85.38M | 67.95M | 145.37M | 178.08M | 265.73M | 49.95M |
| Total Debt | 28.29M | 29.59M | 32.51M | 33.92M | 0.00 | 2.50M |
| Total Liabilities | 49.36M | 53.12M | 65.94M | 63.42M | 28.42M | 296.31M |
| Stockholders Equity | 107.77M | 78.93M | 153.29M | 192.02M | 298.80M | -223.75M |
Cash Flow | ||||||
| Free Cash Flow | -79.02M | -81.37M | -99.63M | -115.98M | -88.14M | -67.06M |
| Operating Cash Flow | -73.85M | -76.95M | -93.05M | -93.41M | -84.35M | -61.94M |
| Investing Cash Flow | 34.86M | 75.47M | 1.06M | 125.35M | -281.60M | 29.59M |
| Financing Cash Flow | 37.92M | 224.00K | 61.86M | 609.00K | 339.01M | 8.94M |
Innoviz Technologies Technical Analysis
Neutral
1.62
Price Trends
1.57
Positive
1.18
Positive
1.11
Positive
Market Momentum
0.02
Positive
49.49
Neutral
45.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVZ, the sentiment is Neutral. The current price of 1.62 is below the 20-day moving average (MA) of 1.63, above the 50-day MA of 1.57, and above the 200-day MA of 1.11, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 45.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INVZ.
Innoviz Technologies Risk Analysis
Innoviz Technologies disclosed 47 risk factors in its most recent earnings report. Innoviz Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Innoviz Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $17.72B | 12.54 | -5.48% | 3.05% | 1.52% | -15.30% | |
53 Neutral | $322.32M | ― | -72.45% | ― | 17.32% | 37.70% | |
53 Neutral | $3.17B | 210.25 | 2.45% | ― | 36.76% | ― | |
52 Neutral | $308.77M | ― | -23.27% | ― | 3559.38% | 32.16% | |
44 Neutral | $791.40M | ― | -1441.64% | ― | 111.39% | -74.39% | |
44 Neutral | $624.13M | ― | 102.04% | ― | 22.15% | 16.89% | |
43 Neutral | $137.53M | ― | 146.24% | ― | -5.22% | 84.74% |
* Consumer Cyclical Sector Average
Performance Comparison
INVZ
Innoviz Technologies
1.62
0.96
145.45%
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HYLN
Hyliion Holdings
1.76
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AEVA
Aeva Technologies
14.05
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360.66%
ECX
ECARX Holdings
1.69
-0.06
-3.43%
HSAI
Hesai Group Sponsored ADR
23.38
19.31
474.45%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.