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Innoviz Technologies (INVZ)
NASDAQ:INVZ
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
-0.18Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -11.11%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in revenue growth, partnerships, and cash management improvements. However, challenges such as high cash burn and dependence on NRE payments remain. The sentiment is cautiously optimistic with a focus on strategic growth and financial resilience.Company Guidance
During the Innoviz Q4 and Full-Year 2024 Earnings Conference Call, the company discussed its financial achievements and future guidance. Innoviz reported full-year revenues of $24.3 million, surpassing the midpoint of their guidance range, and a reduction in cash used in operations and capital expenditures to $81.4 million from $99.6 million in 2023. They ended 2024 with $68 million in cash and cash equivalents. The company announced an $80 million NRE payment plan with key customers, with over $40 million expected in 2025. Additionally, a registered direct offering in February 2025 generated $40 million in gross proceeds. Innoviz projects a twofold increase in revenues for 2025, expecting to reach $50 million to $60 million with a positive gross margin. They anticipate $20 million to $50 million in additional NRE bookings in 2025. The company also highlighted operational optimizations expected to save approximately $12 million annually. Innoviz's partnerships with Mobileye and integration with NVIDIA platforms position them to expand their market presence, including new ventures outside the automotive industry.Strong Revenue Growth
Full-year revenues for Innoviz reached $24.3 million in 2024, compared to $20.1 million in 2023, exceeding the midpoint of the guidance range.
Improved Cash Management
Cash used in operations and capital expenditures decreased to $81.4 million from $99.6 million in 2023.
NRE Payment Plan
Innoviz entered into an $80 million NRE payments plan with key customers, with over $40 million expected in 2025.
Partnership with Mobileye
The partnership with Mobileye resulted in several new OEM programs, potentially serving customers across three major AV platforms.
Operational Optimization
Innoviz announced operational optimizations expected to deliver approximately $12 million in savings on an annualized basis.
Registered Direct Offering
A registered direct offering generated gross proceeds of approximately $40 million, enhancing the financial position of Innoviz.
Gross Profit Achievement
Innoviz generated a gross profit for the first time in Q4 2024.
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INVZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INVZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $0.81 | $0.78 | -3.70% |
| Nov 13, 2024 | $0.58 | $0.52 | -10.34% |
| Aug 07, 2024 | $0.74 | $0.69 | -6.76% |
| May 08, 2024 | $1.12 | $1.30 | +16.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innoviz Technologies (INVZ) report earnings?
Innoviz Technologies (INVZ) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Innoviz Technologies (INVZ) earnings time?
Innoviz Technologies (INVZ) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INVZ EPS forecast?
INVZ EPS forecast for the fiscal quarter 2025 (Q1) is -0.1.
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