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Innoviz Technologies (INVZ)
NASDAQ:INVZ
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Innoviz Technologies
(NASDAQ:INVZ)
58Neutral
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. S&P 500 (SPY)
Market Cap
$196.10M
Dividend YieldN/A
Average Volume (3M)2.97M
Price to Earnings (P/E)―
Beta (1Y)2.82
Revenue Growth28.52%
EPS Growth41.32%
CountryUS
Employees415
SectorConsumer Cyclical
Sector Strength74
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.07
Shares Outstanding198,961,960
10 Day Avg. Volume4,597,213
30 Day Avg. Volume2,966,064
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.42
Price to Sales (P/S)0.00
P/FCF Ratio-1.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.38Price Target Upside142.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Innoviz Technologies Business Overview & Revenue Model
Company DescriptionInnoviz Technologies Ltd. (INVZ) is a leading provider of high-performance, solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. The company's technology is designed to provide a comprehensive solution for sensing the environment, essential for the safe and efficient operation of autonomous vehicles across various sectors, including automotive, robotics, and smart infrastructure.
How the Company Makes MoneyInnoviz Technologies generates revenue primarily through the sale of its LiDAR sensors and perception software to automotive manufacturers, original equipment manufacturers (OEMs), and Tier 1 suppliers. The company enters into strategic partnerships with these entities to integrate its technology into their vehicle platforms. Additionally, Innoviz licenses its perception software, which processes the data collected by its sensors to create a precise 3D model of the vehicle's surroundings. This software can be offered as a standalone product or bundled with the sensors. Innoviz's business model is significantly supported by long-term supply agreements and collaborations with leading automotive companies, which help secure consistent revenue streams.
Innoviz Technologies Financial Statement Overview
Summary
Innoviz Technologies is experiencing revenue growth and improving its balance sheet. However, continued profitability challenges and negative cash flow indicate financial instability. The company must address these issues to achieve sustainable growth.Income Statement
Innoviz Technologies has shown a significant increase in total revenue from 2023 to 2024. However, the company remains unprofitable with negative gross profit margins and net profit margins. Despite the revenue growth, the negative EBIT and EBITDA margins indicate ongoing operational challenges.40
Negative
Balance Sheet
The company's debt-to-equity ratio is relatively low, which indicates a conservative approach to leverage. However, the negative equity in previous years reflects financial instability, although there has been improvement in recent years. The equity ratio remains low due to liabilities, suggesting potential risks.45
Neutral
Cash Flow
Innoviz Technologies has a negative free cash flow, although it has improved from the previous year. The operating cash flow to net income ratio is low, highlighting cash flow challenges in covering operational needs. The company needs to enhance liquidity and cash flow generation capabilities.35
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 24.27M | 20.88M | 6.03M | 5.47M | -9.36M | Gross Profit |
| -1.16M | -11.61M | -8.76M | -5.02M | -15.77M | EBIT |
| -101.92M | -132.60M | -133.35M | -157.65M | -81.98M | EBITDA |
| -94.13M | -123.41M | -126.24M | -153.69M | -79.82M | Net Income Common Stockholders |
| -94.76M | -123.45M | -126.87M | -153.56M | -81.51M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 67.95M | 145.37M | 178.08M | 265.73M | 49.95M | Total Assets |
| 132.05M | 219.23M | 255.43M | 327.22M | 72.56M | Total Debt |
| 29.59M | 32.51M | 33.92M | 0.00 | 2.50M | Net Debt |
| 4.23M | 6.23M | -21.80M | -23.64M | -47.45M | Total Liabilities |
| 53.12M | 65.94M | 63.42M | 28.42M | 296.31M | Stockholders Equity |
| 78.93M | 153.29M | 192.02M | 298.80M | -223.75M |
| Cash Flow | Free Cash Flow | |||
| -81.37M | -99.63M | -115.98M | -88.14M | -67.06M | Operating Cash Flow |
| -76.95M | -93.05M | -93.41M | -84.35M | -61.94M | Investing Cash Flow |
| 75.47M | 1.06M | 125.35M | -281.60M | 29.59M | Financing Cash Flow |
| 224.00K | 61.86M | 609.00K | 339.01M | 8.94M |
Innoviz Technologies Technical Analysis
Positive
0.98
Price Trends
0.70
Positive
1.04
Negative
0.88
Positive
Market Momentum
0.07
Negative
68.93
Neutral
57.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVZ, the sentiment is Positive. The current price of 0.98 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.70, and above the 200-day MA of 0.88, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 68.93 is Neutral, neither overbought nor oversold. The STOCH value of 57.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $6.98B | 11.35 | 2.88% | 3.90% | 2.65% | -21.84% | |
58 Neutral | $196.10M | ― | -65.19% | ― | 28.52% | 41.32% | |
56 Neutral | $2.32B | ― | -2.44% | ― | 9.07% | 79.21% | |
54 Neutral | $1.01B | ― | -113.70% | ― | 95.90% | 10.38% | |
44 Neutral | $241.82M | ― | -21.13% | ― | 451.93% | 49.23% | |
44 Neutral | $594.23M | ― | 102.04% | ― | 21.32% | 17.48% | |
42 Neutral | $214.23M | ― | 146.24% | ― | 8.05% | 58.44% |
* Consumer Cyclical Sector Average
Performance Comparison
INVZ
Innoviz Technologies
0.98
-0.19
-16.24%
LAZR
Luminar Technologies
4.72
-21.23
-81.81%
HYLN
Hyliion Holdings
1.38
-0.12
-8.00%
AEVA
Aeva Technologies
18.44
14.97
431.41%
ECX
ECARX Holdings
1.59
0.28
21.37%
HSAI
Hesai Group Sponsored ADR
17.68
12.42
236.12%
Innoviz Technologies Earnings Call Summary
Earnings Call Date:May 14, 2025
(Q1-2025)
| % Change Since: -2.97%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Positive
The earnings call reflected a strong positive sentiment overall with record-breaking revenue and growth, strategic partnerships, and expanding collaborations, particularly in the automotive and robotaxi sectors. Despite some concerns about tariff implications and lumpy margins, the positive developments and strategic advancements significantly outweighed the challenges.Q1-2025 Updates
Positive Updates
Record-Breaking Revenue and Growth
Innoviz reported Q1 revenues of $17.4 million, approximately 3x sequentially and 2.5x year-over-year, setting a new record for the company. Gross margin was also a record at approximately 40%.
Significant NRE Payment Plan Expansion
Innoviz expanded its NRE payment plan from approximately $80 million to $95 million, with the majority of cash payments expected in 2025 and 2026.
Strategic Partnership with Fabrinet
Innoviz announced a partnership with Fabrinet for the mass production of its InnovizTwo platform, enabling efficient scaling and volume production.
Accelerating Robotaxi Deployments
Innoviz is accelerating LiDAR shipments to Volkswagen autonomous mobility for the ID. Buzz on the Mobileye Drive platform, with hundreds of shuttles equipped with InnovizTwo LiDARs expected in 2025.
Expanding Collaboration with NVIDIA
Innoviz is expanding its collaboration with NVIDIA on the Hyperion platform, with multiple OEMs evaluating it for integration into their vehicles.
Strong Financial Position
Innoviz ended the quarter with $85.4 million in cash and cash equivalents, supported by a registered direct offering and ongoing customer engagements.
Negative Updates
Tariff Uncertainty
There is an ongoing uncertainty regarding U.S. tariffs, although Innoviz expects minimal impact due to their automotive component classification and manufacturing flexibility with Fabrinet.
Lumpy Gross Margins
Future gross margins are expected to be lumpy due to product ramp timelines and NRE flow based on customer milestones.
Company Guidance
In the Q1 2025 earnings call, Innoviz reported record revenues of $17.4 million, marking a nearly threefold increase sequentially and approximately 2.5 times year-over-year growth, alongside a record gross margin of 40%. The quarter's financial strength was significantly bolstered by a $95 million NRE payment plan with key customers, an increase from the previous $80 million. The company highlighted its strategic partnership with Fabrinet for mass production of the InnovizTwo platform, expected to scale production capacity by an order of magnitude in 2025. Innoviz also announced accelerated LiDAR shipments to Volkswagen for their autonomous mobility ID. Buzz vehicles, which will feature nine InnovizTwo LiDARs each. The company aims for a twofold revenue increase to $50-$60 million in 2025 and plans to manage cash burn while pursuing new opportunities, including expanding collaborations with NVIDIA and exploring non-automotive markets.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.