#Israel #Tel Aviv #Lidar #Innoviz #Autonomous Trucks

Innoviz Technologies Reports Third Quarter 2025 Results

Innoviz Technologies Ltd. (NASDAQ: INVZ), a prominent Tier-1 supplier of advanced, automotive-grade LiDAR sensor platforms, has released its financial performance for the third quarter of 2025, showcasing substantial year-to-date revenues and impressive advancements in its product offerings and partnerships.

Financial Growth Overview

For the first nine months of 2025, Innoviz reported revenues of $42.4 million—a significant increase of approximately 130% compared to the same timeframe in 2024. Notably, revenues in Q3 alone reached $15.3 million, up from $4.5 million in Q3 2024. These impressive figures stem from a combination of new revenue engineering (NRE) services and increased sales of LiDAR units, reflecting Innoviz's successful expansion into diverse markets.

Expansion in Autonomous Trucking Initiatives

One of the standout highlights from Innoviz's recent report is its selection for series production by a major commercial vehicle OEM for L4 Class 8 autonomous trucks. This collaboration signifies a milestone in Innoviz's strategy for the future of automated transportation. The company has already commenced shipping its InnovizTwo sensors to the OEM for data collection, which reinforces Innoviz's reputation as a leader in the development of high-performance sensing solutions.

Omer Keilaf, the CEO and Co-Founder of Innoviz, remarked, "The third quarter continued to build on the first half's momentum from a financial and business perspective. This trucking collaboration, along with advancements in L3 and L4 automotive programs, reflects the scope and depth of our capabilities across multiple LiDAR end-markets."

Advances Beyond Automotive Solutions

Innoviz has made significant strides with its InnovizSmart technology, which is gaining traction in various non-automotive domains, particularly in perimeter security solutions. Recent tests indicate that Innoviz's perimeter security systems outperform other established technologies, enhancing the company’s value proposition across different industry applications.

Additionally, the rollout of the InnovizThree sensor—designed for behind-the-windshield integration—has demonstrated a remarkable 60% reduction in size, improved performance, and lower power consumption compared to its predecessor, the InnovizTwo. This evolution reflects Innoviz’s commitment to innovation and efficiency in the rapidly advancing LiDAR landscape.

Financial Performance and Future Outlook

Innoviz's operating expenses for Q3 2025 amounted to $18.1 million, marking a 30% decline from $26 million in Q3 2024. The company’s liquidity position was robust, with approximately $74.4 million in cash and equivalents as of September 30, 2025. Moving forward, Innoviz has reiterated its full-year 2025 revenue targets of $50-60 million and projected 1-3 new program wins, alongside NRE bookings target of $30-60 million.

Investors can expect an informative web conference hosted by Innoviz management on November 12, 2025, at 9:00 AM ET, where they will discuss the latest commercial updates, financial figures, and long-term financial targets.

Conclusion

Innoviz Technologies continues to position itself as a groundbreaking player in the autonomous driving and LiDAR technology sectors. Its significant revenue growth and pioneering advancements in product design not only solidify its standing within the automotive industry but also pave the way for broader applications across various fields. With a focus on innovation and strategic partnerships, Innoviz seems set to achieve remarkable milestones in the coming years, enhancing its goal of becoming the premier large-scale supplier of superior LiDAR solutions globally.