Innoviz Technologies delivered improved quarterly results, with revenue increasing to $9.7M and net loss narrowing from the prior year. Continued progress in commercial engagements and OEM partnerships helped drive performance, while cost control reduced operating expenses.
Revenue rose to $9.7M, up from $6.7M in Q2 2024
Net loss narrowed to $18.5M versus $21.2M last year
Operating expenses decreased by 20% year-over-year
Strong commercial momentum with major OEM agreement signed
Innoviz reaffirmed its 2025 revenue guidance and raised its NRE bookings target amid growing demand and new partnerships.
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