Innoviz Technologies (INVZ) AI Stock Analysis

• Market Cap: $405.57M
• Dividend Yield: N/A
• Average Volume (3M): 9.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.89
• Revenue Growth: 17.32%
• EPS Growth: 37.70%
• Country: US
• Employees: 415
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): -0.09
• Shares Outstanding: 200,774,840
• 10 Day Avg. Volume: 7,672,244
• 30 Day Avg. Volume: 9,474,686
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 8.21
• Enterprise Value/Gross Profit: 39.90
• Enterprise Value/Ebitda: -3.72
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: $2.00 ▼(-9.50% Downside)

Innoviz Technologies' stock score is primarily influenced by its financial performance challenges, despite positive technical indicators. The company's revenue growth and strategic partnerships are promising, but profitability and cash flow issues weigh heavily on the overall score.

Positive Factors

Strategic Partnerships

This partnership with a major OEM enhances Innoviz's market position and opens up new geographic expansion opportunities, strengthening its competitive edge in the autonomous vehicle market.

Product Innovation

The launch of InnovizSMART diversifies Innoviz's product offerings, allowing entry into new markets and applications, which can drive long-term revenue growth and broaden the customer base.

Revenue Growth

The significant revenue increase indicates strong demand for Innoviz's products and successful market penetration, which supports future growth and enhances financial stability.

Negative Factors

Cash Flow Challenges

Ongoing cash burn and reliance on additional funding measures highlight financial vulnerabilities, potentially limiting Innoviz's ability to invest in growth and innovation.

Profitability Issues

Persistent profitability issues indicate operational inefficiencies and may hinder long-term financial health, affecting Innoviz's ability to generate sustainable shareholder returns.

Contract Finalization Risks

Delays or issues in finalizing key contracts could impact revenue forecasts and strategic plans, posing risks to Innoviz's market position and growth trajectory.

Innoviz Technologies Business Overview & Revenue Model

Company Description

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians. The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; Innoviz360, a 360-degree LiDAR for automotive and non-automotive applications; and perception application, a software application that turns the InnovizOne LiDAR's raw point cloud data into perception outputs to provide scene perception and deliver an automotive-grade ASIL B(D) solution. It operates in Europe, Asia Pacific, the Middle East, Africa, and North America. Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.

How the Company Makes Money

Innoviz 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 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.

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.

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.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 2.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 2.21 is above the 20-day moving average (MA) of 2.15, above the 50-day MA of 1.91, and above the 200-day MA of 1.32, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.45 is Neutral, neither overbought nor oversold. The STOCH value of 12.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INVZ.

Innoviz Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
INVZ	55 Neutral	$405.57M	―	-72.45%	―	17.32%	37.70%
SES	54 Neutral	$922.89M	―	-34.37%	―	―	-63.15%
AEVA	46 Neutral	$972.78M	―	-1441.64%	―	111.39%	-74.39%
HSAI	46 Neutral	$4.50B	206.90	2.45%	―	36.76%	―
LAZR	43 Neutral	$152.66M	―	―	―	-5.22%	84.74%
LIDR	43 Neutral	$110.64M	-0.96	-222.90%	―	-23.62%	71.09%