INVZ Earnings Prediction
The chart below shows how INVZ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INVZ sees a -3.62% change in stock price 10 days leading up to the earnings, and a -6.70% change 10 days following the report. On the earnings day itself, the stock moves by +0.87%. This data can give you a slight idea of what to expect for the next quarter's release.
INVZ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.03M
-59.60%
33.34%
Gross Margin
8.94%
158.51%
-343.60%
Operating Margin
-319.38%
49.82%
-44.86%
Net Margin
-308.54%
51.14%
-43.89%
EPS
-0.11
-38.89%
-26.67%
No Data Available
INVZ Earnings Analysis
Innoviz Technologies Ltd Corporation (INVZ.O) Earnings Conference Call
Positive
Revenue Exceeds Guidance: Innoviz recorded full-year revenues of $24.3 million, exceeding the midpoint of guidance and showing growth from $20.1 million in 2023.
Improved Cash Management: The company decreased cash used in operations and capital expenditures to $81.4 million from $99.6 million in 2023, indicating improved financial management.
NRE Payments Plan: Innoviz entered into an $80 million NRE payments plan with key customers, with over $40 million expected in 2025, enhancing future cash flow.
Direct Offering Proceeds: A registered direct offering generated approximately $40 million in gross proceeds, strengthening the company's financial position.
Cost Structure Improvement: Operational optimization is expected to deliver approximately $12 million in annual savings, further improving the company's cost structure.
Partnership-Driven Revenue Potential: Innoviz's partnership with Mobileye has led to new OEM programs, indicating strong customer confidence and potential for significant revenue growth.
Market Expansion through Integration: The integration with NVIDIA's Hyperion 8 platform allows Innoviz to serve customers across all major AV platforms, enhancing market reach.
Revenue Projection Increase: The company expects a more than twofold increase in revenues for 2025, projecting $50 million to $60 million with positive gross margins.
Gross Profit Milestone: Innoviz's gross profit was achieved for the first time in Q4 2024, marking a significant milestone in financial performance.
New Program Revenue Targets: The company is targeting one to three new programs in 2025, with expectations for $20 million to $50 million in additional NRE bookings.
Negative
Cash Burn Reduction: In 2024, Innoviz recorded a cash burn of $81.4 million, which, while reduced from $99.6 million in 2023, still indicates significant cash outflow.
Operating Expenses Decrease: Operating expenses for 2024 were approximately $101 million, a decrease from $121 million in 2023, but still high relative to revenue.
Revenue Increase Analysis: The company reported a full-year revenue of $24.3 million, which, although an increase from $20.1 million in 2023, is still relatively low compared to the operational costs.
Future Revenue Projections: The expected revenue for 2025 is projected at $50 million to $60 million, which indicates a reliance on future NRE bookings and sales to achieve profitability.
Gross Margin Volatility: Gross margins are expected to be somewhat lumpy as production ramps up, indicating potential volatility in financial performance.
Cash Flow Stability Concerns: The company has acknowledged potential lumpiness related to the timing of NRE payments, which could affect cash flow stability.
Early Production Challenges: Despite the optimism around new partnerships and programs, the company is still in the early stages of ramping production and achieving significant revenue growth.
