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.

Innoviz Technologies Ltd.

Innoviz is a global leader in LiDAR technology, working towards a future with safe autonomous vehicles on the world’s roads. Innoviz’s LiDAR and perception software “see” better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally-recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit our website.

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Innoviz Technologies

Only a few more days to go until Calcalist's annual Mind the Tech NY conference. Our CEO and Co-Founder, Omer David Keilaf will be speaking!

📅 March 4, 2024
🕐 1.40PM
📍 Quorum by Convene, 1221 6th Ave, New York

Join us for a unique event focusing on the new challenges confronting the Israeli high-tech industry and the global tech community. Learn how to harness the power of #Technology and #Innovation for a better future.

Don't miss Omer's insights! Learn more about the event and get your tickets here > https://lnkd.in/eWtwmcME

Calcalist כלכליסט

Thank you to everyone who joined us for our Q4 earnings call.

We appreciate the opportunity to share our results for the quarter and full year, as well as our financial targets for the year ahead. Your support fuels our commitment to innovation and growth.

We invite you to tune in to our Q4 earnings call today, where we’ll address our results for the quarter and full year which ended on December 31st, and reiterate our financial targets for this year.

The call begins at 9am EST/ 6am PST and you can still register at this link > https://lnkd.in/diJbYyb6

Read the full announcement > https://lnkd.in/dpsb37MS

Big strides are being made in the #AutonomousDriving industry, as the UK government ramps up funding for autonomous vehicle projects through the CAM Scale-Up UK Program!

This increased support means more opportunities for innovation and advancement in #AutonomousVehicle technology.

Read the full article by ComputerWeekly.com for more insights into what this funding means for the future of Autonomous Vehicles in the UK > https://lnkd.in/eNP_2tZG

We invite you to tune in to our Q4 earnings call, where we’ll address our results for the quarter and full year which ended on December 31st, and reiterate our financial targets for this year.

Mark your calendars for Wednesday, February 28 at 9am EST/6am PST and register at this link > https://lnkd.in/diJbYyb6

Read the full announcement > https://lnkd.in/dpsb37MS

	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	62K -	1.57M 2,440.32%	-9.36M 694.54%	5.47M 158.37%	6.03M 10.25%	20.88M 246.43%
cost of revenue	53K -	1.99M 3,647.17%	6.41M 222.61%	10.49M 63.70%	14.79M 41.02%	32.49M 119.68%
gross profit	9K -	-411K 4,666.67%	-15.77M 3,737.23%	-5.02M 68.16%	-8.76M 74.51%	-11.61M 32.52%
selling and marketing expenses	5.51M -	6.48M 17.60%	5.43M 16.22%	23.73M 337.11%	10.30M 56.60%	8.78M 14.79%
general and administrative expenses	2.44M -	3.19M 30.74%	3.75M 17.65%	35.56M 847.51%	19.18M 46.07%	19.54M 1.86%
selling general and administrative expenses	7.95M -	9.67M 21.63%	9.18M 5.05%	59.30M 545.70%	29.48M 50.29%	28.31M 3.96%
research and development expenses	48.32M -	59.38M 22.88%	57.03M 3.95%	93.34M 63.66%	95.11M 1.90%	92.68M 2.56%
other expenses			-14.80M -
cost and expenses	56.32M -	71.03M 26.12%	72.62M 2.23%	163.12M 124.62%	139.38M 14.56%	153.48M 10.12%
operating expenses	56.27M -	69.05M 22.71%	66.21M 4.11%	152.63M 130.52%	124.58M 18.38%	120.99M 2.89%
interest expense	-107K -				-6.80M -
ebitda	-55.60M -	-67.78M 21.91%	-79.32M 17.02%	-153.69M 93.76%	-125.88M 18.10%	-123.41M 1.96%
operating income	-56.26M -	-69.46M 23.46%	-81.98M 18.03%	-157.65M 92.30%	-133.35M 15.42%	-132.60M 0.56%
depreciation and amortization	660K -	1.67M 153.64%	2.66M 58.96%	3.96M 48.82%	7.47M 88.69%	9.19M 23.02%
total other income expenses net	-107K -	2.17M 2,125.23%	655K 69.77%	4.38M 568.40%	6.80M 55.37%	9.79M 43.93%
income before tax	-56.37M -	-67.29M 19.38%	-81.33M 20.86%	-153.28M 88.47%	-126.55M 17.44%	-122.81M 2.95%
income tax expense	32K -	10K 68.75%	183K 1,730%	284K 55.19%	325K 14.44%	642K 97.54%
net income	-56.40M -	-67.30M 19.33%	-81.51M 21.11%	-153.56M 88.39%	-126.87M 17.38%	-123.45M 2.69%
weighted average shs out	129.82M -	129.82M 0%	129.82M 0%	102.86M 20.77%	135.22M 31.46%	147.48M 9.06%
weighted average shs out dil	129.82M -	129.82M 0%	129.82M 0%	102.86M 20.77%	135.22M 31.46%	147.48M 9.06%
eps	-0.43 -	-0.52 20.93%	-0.63 21.15%	-1.49 136.51%	-0.94 36.91%	-0.84 10.64%
epsdiluted	-0.43 -	-0.52 20.93%	-0.63 21.15%	-1.49 136.51%	-0.94 36.91%	-0.84 10.64%

TECH:INNOVIZ

Innoviz Technologies

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21/11 19:09

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