Innoviz Results Presentation Deck
Cash Position & Financial Update
Liquidity of $164M in cash and cash equivalents, short-term
deposits, short term restricted cash and marketable securities as
of September 30, 2023
Innoviz operating cash burn in the third quarter of 2023 was
within planned budget
Revenues for Q3 2023 were $3.5M, up 138% compared to
revenues of $1.5 million in Q2 2023 and up 297% compared to
revenues of $0.9 million in Q3 2022. The 138% quarter-over-
quarter increase was driven by strong growth in InnovizTwo unit
sales, which increased 102% sequentially, coupled with
incremental NRE revenue. The 297% year-over-year increase was
driven by a combination of higher sample shipments and higher
NRE revenues, partially offset by lower production-leve
component pricing for the BMW first generation program as it
transitioned to volume production at Magna. The transition
includes a shift from selling full LiDAR units to selling
components to Magna at lower production average sales prices.
2023 Revenue Cadence Outlook - full year revenue guidance of
$15-20M (+150-230% YoY) reiterated, with $9-14M of revenue
expected in Q4 2023.
INNOVIZ
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Revenues for Q3 2023
YOY
$0.9M
3Q22
$3.5M
3Q23
QoQ
$1.5M
2Q23
$3.5M
3Q23View entire presentation