Innoviz's Total Addressable Market
Summary P&L and Cash Flow
In $M, Non-GAAP
FYE December
Hardware Income
Software Income
Total Revenue
Growth (%)
2020E
-
2021E
9
2022E
2023E
2024E
2025E
23
75
220
539
4
17
43
5
9
23
79
237
581
90%
161%
238%
199%
146%
COGS
5
8
17
44
118
281
Gross Profit
0
1
6
35
118
300
Gross Profit Margin (%)
4%
10%
26%
45%
50%
52%
OPEX
R&D
53
71
73
75
80
87
S&M
6
9
11
14
19
28
G&A
9
11
11
14
15
16
Total OPEX
68
90
95
103
114
131
Total OPEX as % of Revenues
1,445%
1,005%
407%
130%
48%
23%
EBIT
(68)
(89)
(89)
(67)
4
169
EBIT Margin (%)
(1,440)%
(995)%
(380)%
(85)%
2%
29%
Depreciation & Amortization
3
3
4
6
8
10
EBITDA
(65)
(87)
(85)
(62)
12
179
EBITDA Margin (%)
(1,384)%
(964)%
(363)%
(78)%
5%
31%
Free Cash Flow
Net Operating Cash Flow
(65)
(84)
(85)
(69)
(19)
104
Total Capital Expenditure
Free Cash Flow
Note: Preliminary management projections
INNOVIZ™
TECHNOLOGIES
(4)
(6)
(8)
(14)
(19)
(29)
(69)
(90)
(93)
(82)
(38)
75
29
29
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