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Mar 31
Innoviz Q1 2025 Earnings Report
Innoviz reported increased revenues and narrowed net loss in Q1 2025.
Key Takeaways
Innoviz achieved record revenues of $17.4 million in Q1 2025, reflecting strong growth driven by LiDAR shipments and NRE services, while net loss narrowed significantly year-over-year.
Revenue more than doubled year-over-year to $17.4 million.
Net loss decreased to $12.6 million from $30.1 million a year ago.
Innoviz expanded its NRE payment plan with customers to approximately $95 million.
Partnership with Fabrinet initiated for mass production of InnovizTwo LiDAR units.
Innoviz
Innoviz
Forward Guidance
Innoviz reiterated its FY2025 targets, including a revenue range of $50-$60 million, additional NRE bookings, and new program wins.
Positive Outlook
- FY25 revenue guidance of $50–$60 million maintained.
- Additional $20–$50 million in NRE bookings expected in 2025.
- 1–3 new program wins anticipated in 2025.
- Partnership with Fabrinet to support scalable production.
- Momentum with major OEMs and autonomous driving platforms like NVIDIA and Mobileye.
Challenges Ahead
- Continued operating losses despite revenue growth.
- High dependence on NRE bookings and milestone payments.
- Exposure to evolving US tariff policies remains a risk.
- Cash used in operations and investments remains significant.
- No GAAP profitability guidance provided.